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May 10, 2021
Cybersecurity stocks and exchange traded funds are struggling this year, with growth stocks out of favor and rising Treasury yields pressuring the tech sector.
Gloomy as the near-term feels, buying opportunities with cybersecurity assets, such as the
WisdomTree Cybersecurity Fund (NASDAQ: WCBR) could be afoot because the industry remains fundamentally sturdy. In fact, the coronavirus pandemic sped along cloud computing adoption while confirming the necessity of cybersecurity.
“Buoyed by tailwinds from the pandemic and remote work, cloud adoption is on the rise, and enterprise cloud migrations are expanding from fringe applications and experiments to business-critical initiatives,” said Bob Blakely, Team8 operating partner, in a recent note. “As such, security capabilities are evolving to allow enterprises to reap the benefits of moving to the cloud while retaining control over their security posture, data protection programs and application integrity.”
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Raven Industries (NASDAQ:RAVN) has joined BASF and AGCO as the newest Operation Weed Eradication coalition member to support farmers in their weed control efforts. Operation Weed Eradication is an industry-wide mission to enlist tough-minded farmers and industry leaders to take the approach that the last weed standing is the strongest, most capable and most genetically resistant weed on the farm.
Operation Weed Eradication: It’s time to approach weeds differently. (Photo: Business Wire)
Raven Applied Technology delivers impactful technology to farmers and custom applicators around the world. Deeply committed to feeding a growing world population, Raven develops precision agriculture products that promote environmental stewardship, allowing farmers to grow more with less.