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BUY ALERT: The One Cybersecurity Stock You Need

Right now, my 4-year-old son’s favorite song is “Breaking the Law” by Judas Priest.

(Oddly enough, he also says he wants to be a police officer when he grows up.)

The song is about a down-and-out Englishman in the 1980s who turns to a life of crime to survive.

Here’s why I bring it up today…

Last week, state-sponsored hackers DarkSide launched the largest ransomware attack on American energy infrastructure of all time.

And “Breaking the Law” perfectly describes the spirit of the modern computer hacker.

The awful truth is…

These brazen attacks are far from over, even after the critical Colonial pipeline is restored.

Which means billions of dollars are about to pour into cybersecurity services…

And send stocks of these companies soaring.

In today’s video, I deliver the goods on the most rockin’ cybersecurity play on the market right now.

Click the video below to get started.

Video Notes:

  • The stock we’re looking at today is iShares Cybersecurity and Tech ETF (IHAK):
  • Some big names in the cybersecurity world comprise the top holdings, like Fortinet Inc. (FTNT), Proofpoint Inc. (PFPT), Palo Alto Networks Inc. (PANW) and Juniper Networks Inc. (JNPR)
  • Normally, I focus exclusively on breakouts, but this is an ETF that transcends traditional breakouts
  • I expect that cybersecurity is going to be fierce, and right now it’s tough to say which names are going to benefit best
  • So IHAK is a great catch-all opportunity that gives you access to over 40 of the best names in the cybersecurity space at just under $40 a share.
  • As you can see the ETF pulled back considerably along with the rest of tech. But in terms of a rebound, I think cybersecurity is on its way higher while some other areas of tech have been oversaturated:
  • When we have a rebound in tech, IHAK and cybersecurity stocks in general are going to outperform as we move higher
  • The ETF has broken below the 50-day moving average through much of March, but it’s making a comeback here.
  • What I really like here is that the 50-day moving average is flattening out and we’ve held so far to the 200-day moving average:
  • In the longer term, the ETF has been on an uptrend ever since March 2020
  • Even with a little bit of a pullback, the ETF has continued to hold above this trend line with the 50-week moving average as healthy support
  • I could easily see IHAK moving to $50 or higher as the threat of cybersecurity attacks continues to grow.
  • If you’re looking for a timely play in tech with a lot of profit potential down the road, go ahead and consider adding IHAK to your account today.

Thanks for watching today’s video.

As always, I’m J-Rod here for Rich Retirement TV. I’ll see you next week.

On the hunt,

Jonathan Rodriguez

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Jonathan Rodriguez