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Stock Market Roundup, May 15: WannaCry Hacks Lift Cybersecurity Stocks
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Stocks moved higher to start the week on Monday, and some the market’s biggest gainers were cybersecurity firms. This industry felt a boost thanks to the widespread “WannaCry” malware attacks over the weekend, which affected more than 200,000 computers across 150 countries. As a result, investors poured cash into the companies that could benefit from renewed public awareness of cybersecurity.
Shares of the world’s largest cybersecurity companies—including FireEye , Palo Alto Networks (PANW - Free Report) , and Symantec —are soaring on Monday morning thanks to a massive cyberattack that affected at least 150 countries over the weekend.
Shares of BlackBerry Limited are up on Monday as the world fights to recover from the weekend’s massive cyber attacks—but how is it that a company that once dominated the smartphone market could be benefiting from a wave of malware hacks that infected at least 200,000 people?
On Monday, shares of Internet networking leader Cisco Systems (CSCO - Free Report) are rallying, up about 2.8% to $34.39 per share in afternoon trading on the heels of a rating upgrade from Morgan Stanley. Cisco’s jump helped push the Dow Jones more than 100 points higher.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
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Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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Stock Market Roundup, May 15: WannaCry Hacks Lift Cybersecurity Stocks
Stocks moved higher to start the week on Monday, and some the market’s biggest gainers were cybersecurity firms. This industry felt a boost thanks to the widespread “WannaCry” malware attacks over the weekend, which affected more than 200,000 computers across 150 countries. As a result, investors poured cash into the companies that could benefit from renewed public awareness of cybersecurity.
Zacks Rank #1 (Strong Buy) Top Movers
Value: SORL Auto Parts - +30.40%
Growth: China Lodging Group (HTHT - Free Report) - +4.16%
Momentum: Nova Measuring Instruments (NVMI - Free Report) - +7.23%
VGM: Autobytel - +7.62%
Income: Kelly Services (KELYA - Free Report) - +6.47%
Major Indexes
DOW: 20,974.87 / +78.26 / +0.38%
NASDAQ: 6,142.66 / +21.43 / +0.35%
S&P 500: 2,400.28 / +9.38 / +0.39%
Top Headlines
Here’s Why Cybersecurity Stocks Are Soaring Today
Shares of the world’s largest cybersecurity companies—including FireEye , Palo Alto Networks (PANW - Free Report) , and Symantec —are soaring on Monday morning thanks to a massive cyberattack that affected at least 150 countries over the weekend.
BlackBerry Stock Is The Surprising Winner From The WannaCry Attacks
Shares of BlackBerry Limited are up on Monday as the world fights to recover from the weekend’s massive cyber attacks—but how is it that a company that once dominated the smartphone market could be benefiting from a wave of malware hacks that infected at least 200,000 people?
Cisco Systems Rallies on Morgan Stanley Upgrade
On Monday, shares of Internet networking leader Cisco Systems (CSCO - Free Report) are rallying, up about 2.8% to $34.39 per share in afternoon trading on the heels of a rating upgrade from Morgan Stanley. Cisco’s jump helped push the Dow Jones more than 100 points higher.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>