Good afternoon, Insiders!
It’s been a hectic few weeks since our last featured stock report, but the outlook for the market is beginning to improve despite some lingering uncertainty.
The S&P set a new record high yesterday, inflation is showing signs of cooling - though it remains stubbornly high - and the Fed appears to be inching close to a rate cut sometime this year.
Now could be an excellent time to look for opportunities in unconventional sectors that have fallen out of favor as a result of high interest rates.
The cybersecurity industry experienced a ton of hype in previous years, but it's faded to the background as of late, with many once-favored companies now struggling to keep up with the market.
However, cooling inflation, the prospect of lower interest rates, and widespread geopolitical uncertainty could give the sector a boost in the second half of the year.
With that in mind, I wanted to take a look at a cybersecurity stock that could be in prime position to swing higher in the months ahead.
Let’s get into it…
