Keep an eye on cybersecurity stocks, like Palo Alto Networks (PANW).
Related stocks could easily see higher highs, as cyberattacks get even worse.
Most recently, CDK Global, a company that provides U.S. auto dealers with software for sales management, was shut down for the third day because of new attacks.
“The outage is disrupting roughly 15,000 car sellers that depend on CDK’s dealer management software to run their businesses, including vehicle sales. Some dealership employees have resorted to pen and paper to handle transactions but said most deals had ground to a halt. CDK has not indicated when its systems will be back up and running, but suggested the outage could last several days,” says CBS News.
While that’s bad news for government agencies, companies, schools, and millions of people, it is good news for cybersecurity stock investors.
Sincerely,
Ian Cooper
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