In a scary market, investors should seek security—cybersecurity, that is.
With bank stocks tanking, the Fed still raising rates, and recession risks rising, finding safe places to invest in appears harder than ever. But in a dangerous world—one where a hack might just be a click away—demand for cybersecurity is growing. It’s likely to stay healthy, even in an economic downturn. Cybersecurity “spending has held up extremely well—Rock of Gibraltar-like spending,” Wedbush analyst Dan Ives tells Barron’s.
Source: finance.yahoo.com
Related posts:
Russia’s cash reserves run dry as West shuns Putin’s energy - live updates
Dallas Man Charged in $26 Million Real Estate Scam Involving Chinese Investors
5 Little-Known Perks of a Costco Membership
TipRanks ‘Perfect 10’ List: 2 Stocks That Will Benefit Most From ChatGPT’s Meteoric Growth (Besides ...
The harsh reality for investors eyeing tech stocks in 2023: Morning Brief