Cybersecurity stocks: An in-depth look with FBN's Charles Payne

By Lucas Manfredi, Diane KayeCyber SecurityFOXBusiness

Cybersecurity stocks to watch in 2019

FBN’s Charles Payne on why investors should watch cybersecurity stocks amid all of the recent data breaches.

As trade negotiations between the United States and China are progressing, news out of the U.K. may have strengthened China’s hand.

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The U.K. National Cyber Security Center is set to release a report saying any security risk from Huawei 5G network could be mitigated.

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Although the U.K. might feel more comfortable, global cybersecurity data from 2018 show attacks and breaches are uniquely an American problem.

TickerSecurityLastChange%Chg
HACKETF MANAGERS TRUST PRIME CYBER SECURITY ETF40.29+0.27+0.67%
MIMEMIMECAST LTD46.37+0.32+0.69%
TENBTENABLE HOLDINGS INC31.08+0.90+2.98%

U.S. businesses saw 2,264 breaches to lead the world with the U.K. coming in second with only 144 breaches. However, the bad news for American businesses and consumers has been great news for investors as cybersecurity stocks are booming.

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The ETFMG Prime Cyber Security ETF (HACK) is up almost 17 percent this year and shares of recently IPO'd company in the industry have surged.

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