The projected 14% increase in cybersecurity spending in 2024 should have a positive affect on stocks in that category and, we hope, at least match the 42% increase of 2023. That being said, the category is off to a slow start in 2024.

Cybersecurity stocks were hit hard last week after Palo Alto Networks lowered its full-year sales guidance, raising concerns about industrywide headwinds.

The projected 14% increase in spending on cyber security in 2024 is expected to have a positive affect on the 10 constituents in our Cybersecurity Software Stocks Index; so far in 2024 they are on average up 18% YTD.

Stocks are on pace for their best first half in 40 years, climbing over all walls of worries.How should investors position their portfolios right now?

Wall Street has been on choppy ride since the start of 2022 due to rising rate worries. Still, there are two tech areas that should stay afloat amid the carnage. Here, we highlight those two areas.