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The Market Is Worried About Inflation and Possible Geopolitical Risk From the Growing Tension Between the U.S. and China
The stock market indices finished Wednesday in the green, but only barely. The Dow moved slightly, and the other two indices stayed near the zero line for most of the trading day. The uneventful stock market is the reflection of a relatively quiet news day.
Moreover, it seems the 10-year Treasury yield has remained flat for now, thanks to calming commentary by the Fed officials.
Stock Picks Day
Weekly Stock Picks Summary
Folks, before we jump into the winner and loser stocks of the day, let's talk about the latest stock picks by Stock Card's portfolio publishers. If you've been with us for a while, you'd know that every Wednesday, we send a wrap-up email that summarizes all the portfolios that were updated during the week.
I looked at today's wrap-up email, and it seems quite a few portfolio publishers have bought or sold stocks in the last few days. For example, Beaten Down portfolio has a new stock added, and Bow Tie Nation portfolio has a few sell orders.
Also, take a look at the two new portfolios on the Stock Pick page. Sean Rose just published his Young Investor Dividends portfolio, and Dale Thompson, a YouTuber and Discord channel admin, took his Think Thank Trading portfolio live. I'm quite excited about both. Make sure to visit their portfolios and follow them if you like Sean and Dale's investment strategies.
Shares of Zscaler Jumped More Than 13% Thanks to A Better-Than-expected Forecast For the Year
From the list of most-viewed stocks on our Stock Card platform, it seems the so-called meme stocks had a good day. AMC was up more than 20%, so was GameStop, with more than a 15% jump.
Also, I noticed Zscaler (ZS) was up more than 12%. That's no meme stock, and shares are up after the cloud security provider announced better than expected earnings. Revenue was up more than 60%, and the company increased its full-year outlook. It seems the Colonial Pipeline cyberattack has revived the global interest in cybersecurity.
The cyclicality of the cybersecurity industry is very interesting. There is always a jump in demand for cybersecurity providers after a major attack. It reminds organizations to tighten up their security measures.
Best Cybersecurity Stocks To Watch
Let's put together a cybersecurity watchlist. Type in "cybersecurity" in the search bar on top of your Stock Card account, and get the list of 45 companies fighting the global cyber threat.
Let me take it one step further: I went to the screen page and applied one more filter to the list. I'm looking for cybersecurity companies with no cash concerns. The final result is a list of 13 strong cybersecurity stocks you may want to watch if you'd like to add a few shares to your portfolio.
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