Oil is up but cyber security stocks up more on Iran crisis

As of 2 p.m. New York time today, January 6, U.S. crude benchmark West Texas Intermediate was up 0.17% to $63.16 a barrel.  International benchmark Brent crude was ahead 0.34% to $68.83 a barrel. Both increases came on worries that Iran’s retaliation for the U.S. assassination of Iranian General Qassem Soleimani would disrupt Middle East oil exports.

But Internet security stocks gained more since cyber attacks by Iran on U.S. digital infrastructure are likely to be high on the list of retaliatory measures. Shares of Palo Alto Networks (PANW) were up 1.25% today as of 2 p.m. in New York and shares of FireEye (FEYE) were up 2.44%.

Shares of ETFMG Prime Cyber Security ETF (HACK)  were ahead 1.21%.

Palo Alto Network is a member of my Jubak Picks Portfolio. The shares are up 17.05% since June 27, 2019.