Cyber crime will cost $2 trillion by 2019, according to Juniper Research, indicating that demand for the products and services offered by HACK’s 31 holdings will surge. [North Korea Hates This ETF]
Increased cyber security spending by financial services firms is seen as a boon for companies such as FireEye (NasdaqGS: FEYE), Palo Alto Networks (NasdaqGS: PANW) and Japan’s Trend Micro. All three are members of HACK’s portfolio.
“High Relative Strength here vs. the S&P 500 and a bullish breakout have us very interested in this sector ETF,” adds Captain John Charts.
PureFunds ISE Cyber Security ETF
Chart Courtesy: Captain John Charts