Cyber Security Stocks To Watch After Colonial Pipeline And JBS Hacks
Our theme of Cyber Security Stocks remains down by about 1% year-to-date, significantly underperforming the S&P 500 which has gained about 13% over the same period. However, the theme has picked up a bit since our last update in mid-May, when it was down by 6%.The underperformance versus the broader indices is likely due to the fact that most of the stocks in the theme are high-growth, high-multiple names that have been out of favor in the current market, as investors rotate into value and cyclical stocks to play the post-Covid boom in the U.S. economy. However, there’s good reason for investors with a long-term view to increase their exposure to cybersecurity stocks. Companies and governments are getting more serious about protecting their networks and infrastructure, following multiple high-profile cybersecurity incidents in recent months, including the ransomware attack on the Colonial Pipeline, the SolarWinds
Within our theme, Fortinet
[5/17/2021]
Our theme of Cyber Security Stocks has declined by about…