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 SORL - +30.40%
Growth: China Lodging Group HTHT - +4.16%
Momentum: Nova Measuring Instruments NVMI - +7.23%
VGM: Autobytel ABTL - +7.62%
Income: Kelly Services KELYA - +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 FEYE, Palo Alto Networks PANW, and Symantec SYMC—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 BBRY 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 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.
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Autobytel Inc. (ABTL): Free Stock Analysis Report
FireEye, Inc. (FEYE): Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
SORL Auto Parts, Inc. (SORL): Free Stock Analysis Report
Symantec Corporation (SYMC): Free Stock Analysis Report
Nova Measuring Instruments Ltd. (NVMI): Free Stock Analysis Report
China Lodging Group, Limited (HTHT): Free Stock Analysis Report
BlackBerry Limited (BBRY): Free Stock Analysis Report
Kelly Services, Inc. (KELYA): Free Stock Analysis Report
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