Secure sector of 2017

November 15, 2017 12:11 PM
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The Securities and Exchange Commission (SEC) announced two initiatives in later September that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. They created a Cyber Unit that will focus on targeting cyber-related misconduct and they established of a retail strategy task force.

In the March 2017 issue of MODERN TRADER, we focused on cybersecurity and declared “Cybersecurity as the sector to own in 2017.”

It was a good call. Contributor Timothy Summers highlighted several stocks in the sector traders should tap: Symantec (SYMC) is up more than 15% from Feb. 1, 2017 when the issue came out. Imperva (IMPV) was up around 25% through July before retracing some of its gains.  More importantly, it signaled the greater emphasis regulators will place on cybersecurity, which may mean that it is a smart investment through 2018 as well.   

About the Author

Editor-in-Chief of Modern Trader, Daniel Collins is a 25-year veteran of the futures industry having worked on the trading floors of both the Chicago Board of Trade and Chicago Mercantile Exchange.