Cyber Security Stocks to Buy | Trading Game Plan June 18

cyber security stocks to buy

The stock market averages are getting a post-FOMC boost this morning.

I still believe we can’t ignore the heavier volume on negative days the last few weeks. I am neutral on the stock market right now. There simply isn’t a smooth flow to order flow.

Cyber Security Stocks to Buy

Why FireEye is on the Brink of Something Huge

FireEye lives in the world of cyber security and the stock has a tendency to move every time there is news of a major breach or hack (remember Sony and the move “The Interview.”).

But there’s a lot more going on than reactive news, there’s growing business. Some would say, there’s a booming business. But, others would say it’s not a business that’s booming, rather its a revenue machine that for every dollar that comes in costs $2 going out.

I’ll show you both sides, and let you decide if FEYE is truly ready to boom, or if it’s going to forgotten if this economic cycle we’re in starts to turn.

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FireEye, Palo Alto Networks Among 6 Cybersecurity Stocks to Watch

NEW YORK (The Street) — Cybersecurity spending topped $71 billion worldwide last year, according to research firm Gartner, with an 8.2% uptick predicted for 2015 to a total market size of $76.9 billion. FBR Capital Markets predicts a global 20% increase in spending this year and Markets and Markets, a global market research firm, said that number could more than double to more than $155 billion by 2019.

This is a unique opportunity for investors. “Think mobile and IoT [Internet of Things] security,” said Steve Morgan, CEO of Cybersecurity Ventures.

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The three best cyber security stocks to buy

The retailer Target started the year under a black cloud after a massive data breach compromised customer credit cards.

And now that Home Depot HD, +0.22% has suffered a similar breach and Apple AAPL, +0.04% iPhones were hacked, compromising celebrity photos, security and privacy is once again at the top of many Americans’ minds.

And while the risk of lost data is a serious concern for consumers and businesses, as investors it’s worth asking which cybersecurity companies are at the center of the action right now.

There is undeniable growth in this high-tech industry. A 2013 study, for instance, showed that demand for cybersecurity experts was 12 times stronger than for the average employee. Government spending is also growing briskly, with the Department of Defense budget for cybersecurity soaring in 2014 to $447 million, up almost 135% from $191 million in 2013.

As long as the attacks on privacy and data continue, spending on cybersecurity will continue to march higher as businesses and governments look to stay one step ahead of hackers.

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June 18 Stock Market Today: Map of the S&P 500

Day Trading Game Plan: The SPY

sp500 june 18

SPY chart, as expected, volatile and in the context of the last 4 months, closed where it opened. No bias.

I still see the selling pressure stronger than buying. The distribution days are clear.

spy fomc

Stocks to Trade |Thursday June 18, 2015

Pete’s Notes:

  • The stock market keeps flip-flopping between long or short. I am neutral and stock specific—still.

Interesting Chart Lessons:

M | Macy’s clean breakout above $70. Since it has attempted multiple time, I would be more inclined to wait for a pause above 70 for an entry as opposed to the first time it closes above it.

cyber security stocks

Earnings in play today > 1M avg shares:  fnsr, kr, rad, tax

Bullish Ideas ATR/Volume/Price: WBAI, AMBA, SINA, FEYE, YOKU, CYBR, MBLY, GILD, NFLX, TSLA, GS, SWKS, CRM, DLTR

Bearish Ideas ATR/Volume/Price: ual, uri, lng, gmcr, mon

Weak Stock Weak Close: chk, bby<34

Strong Stock Weak Close: QIHU, AET, TASR, ZION, CFG. JD, STI, KEY, PNC, UNH

Weak Stock Strong Close: src, mo, symc, hpq,

Strong Stock Strong Close: WBAI, AMBA, YOKU, CVC, CYBR, GPRO, CIEN, SPLK, TGT. TSLA. DOW, HCA, M, CRM, EA

20 day Breakdown: cpn, ctsh, hlt

20 Day Breakout: AMBA, CYBR, MBLY, DOW, ORCL, HOG

2x Normal Volume: lo, qihu, hlt, mbly, adbe, cybr, orcl, amba

Watch List Longs: MET, TGT, SBUX, COF, JPM, DIS, DOW, M

Watch List Short: cnx, swn, rrc, kng, kmi, dvn, cvx, chk, kss, jnj, trv, luv, ual, wmt, qcom,

Inside days: msft, twtr, bax, wy, wbay, dfs, ci, wfm, aet, ctxs, yelp, lulu, nflx, dnkn


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