Want to track HACK and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
HACK: A Diversified Basket Of Cyber-Related Stocks, Attractive Amid The Correction
Cybersecurity stocks have not performed well recently, but I see a GARP opportunity in the HACK's historical drawdowns. Cyber insurance spending is expected to continue rising at a high annual pace, reaching $23.6 billion by the end of next year, providing a bullish fundamental backdrop. HACK is a somewhat small ETF with concentrated holdings, and its technical chart is encouraging, with the current pullback offering a solid buying opportunity.
Seekingalpha | 1 year ago
