You might not know what the National Public Data company is... But it knows you.
This Cost-to-Spending Gap Has to Close
By Ethan Goldman, junior analyst, Chaikin Analytics
You might not know what the National Public Data company is... But it knows you. National Public Data is a data broker that compiles information for background checks. These are the same checks that businesses across the nation use for employment. Last August, National Public Data admitted that it had suffered a huge cyberattack on its database earlier that year. The company said that 2.9 billion records covering folks in the U.S., U.K., and Canada were affected. And those records ended up for sale on the dark web. The data included full names, Social Security numbers, mailing addresses, e-mail addresses, and phone numbers. Unfortunately, this kind of thing just keeps making headlines... Data breaches and cyberattacks are increasingly common. The global cost of cybercrime is expected to reach a staggering $10.5 trillion this year. Obviously, hackers getting access to your personal information can drain your bank account. It can also show if you're vulnerable to certain scams – putting you at risk for more scams. Or it can lead bad actors straight to your door. Cybercrime is a reality we have to face these days. But it also means one industry will keep growing... You guessed it – I'm talking about cybersecurity. The U.S. Bureau of Labor Statistics projected that jobs in the industry would grow by 33% from 2023 to 2033. And as my colleague Joe Austin noted earlier this year in the Chaikin PowerFeed, spending in the industry is soaring... Spending on cybersecurity – including hardware, software, and services – came in at about $215 billion last year. By 2035, this market is expected to more than triple to $697 billion. And this creates opportunity for investors amid a big gap in cost to spending when it comes to cybersecurity...
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Cybersecurity Spending Needs to Increase at a Bigger Rate
Cybersecurity firms have clearly grown revenue. But it has been at a snail's pace when compared with the rising cost of cybercrime. The cost isn't equal to what the criminals made from their crimes. It's the cost to the victims of cybercrime. The chart below shows that struggle. Businesses worldwide paid more than 10 times in 2024 what they did in 2018 to deal with cybercrime. Meanwhile, revenue generated from the cybersecurity industry came short of doubling. That's a big jump for revenue, to be sure. But the move barely registers on the chart when compared with the cost of cybercrime.
Any business owner would be right to worry about having a cyberattack hit their company. Last year, the average cost of a data breach reached an all-time high of about $4.9 million. So businesses have a big incentive to pay up in order to stop cyberattacks. And of course, no customer wants their personal data compromised. For cybersecurity companies, that means increased profits. And as you would expect, AI is increasingly part of the picture... For example, companies like Zscaler (ZS), A10 Networks (ATEN), and F5 (FFIV) have had success using AI in cybersecurity. AI can help identify threats that might go unnoticed. And it can help stop attacks as they happen. Each of those firms also has a software model that protects AI apps and large language models, too. I'm talking about specific products that prevent "data poisoning" and breaches in the developing field of AI. When it comes to cybersecurity investing, an easy "one click" way to do so is through exchange-traded funds ("ETFs") focused on the industry... For example, just over the past year, the Amplify Cybersecurity Fund (HACK) is up about 33%. And the Global X Cybersecurity Fund (BUG) is up about 24%. Both ETFs have beaten the S&P 500 Index's roughly 12% gain over the same time frame. Right now, the Power Gauge also rates both HACK and BUG as "very bullish." So it sees more upside ahead for these ETFs. Meanwhile, keep an eye out for cybersecurity companies integrating AI into their software. As AI evolves, those trailblazers stand a good chance of helping reduce cyberattacks in the coming years. Good investing, Ethan Goldman
Marc Chaikin: 'Ask Me Anything'
In August, Marc Chaikin is doing something he has never done before . After a wild six months for stocks, Marc knows you may have many lingering questions. So, he'll be going on camera – NOT to discuss a specific opportunity, but instead to devote his time to answering YOUR most pressing questions.
But to do that, we need to hear from YOU. If something is keeping you up at night (whether it worries or excites you), we want to hear from you. Marc will answer as many questions as possible during his "Ask Me Anything" event next month.
— According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes are all bullish.
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Sector Tracker
Sector movement over the last 5 days
Information Technology
+1.66%
Energy
+1.3%
Industrials
+1.17%
Utilities
+0.82%
Materials
+0.38%
Health Care
+0.1%
Communication
-0.36%
Financial
-0.42%
Consumer Discretionary
-0.48%
Real Estate
-0.91%
Consumer Staples
-1.7%
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Industry Focus
Regional Banking Services
120
20
0
Over the past 6 months, the Regional Banking subsector (KRE) has underperformed the S&P 500 by -0.14%. However, its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #1 of 21 subsectors and has moved up 1 slot over the past week.
Top Stocks
ABCB
Ameris Bancorp
AMAL
Amalgamated Financia
ZION
Zions Bancorporation
* * * *
Top Movers
Gainers
AES
+19.78%
PTC
+17.65%
DHI
+5.36%
COIN
+5.36%
ENPH
+4.67%
Losers
FICO
-6.54%
HSY
-4.7%
MNST
-3.28%
MO
-3.01%
OMC
-2.89%
* * * *
Earnings Report
Reporting Today
Rating
Before Open
After Close
Earnings Surprises
No significant Earnings Surprises in the Russell 3000.
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