Stock Market Roundup, May 15: WannaCry Hacks Lift Cybersecurity Stocks

Stocks moved higher to start the week on Monday, and some the market’s biggest gainers were cybersecurity firms. This industry felt a boost thanks to the widespread “WannaCry” malware attacks over the weekend, which affected more than 200,000 computers across 150 countries. As a result, investors poured cash into the companies that could benefit from renewed public awareness of cybersecurity.

Zacks Rank #1 (Strong Buy) Top Movers

Value: SORL Auto Parts (NASDAQ:SORL) - +30.40%

Growth: China Lodging Group (NASDAQ:HTHT) - +4.16%

Momentum: Nova Measuring Instruments (NASDAQ:NVMI) - +7.23%

VGM: Autobytel (NASDAQ:ABTL) - +7.62%

Income: Kelly Services (NASDAQ:KELYA) - +6.47%

Major Indexes

DOW: 20,974.87 / +78.26 / +0.38%

NASDAQ: 6,142.66 / +21.43 / +0.35%

S&P 500: 2,400.28 / +9.38 / +0.39%

Top Headlines

Here’s Why Cybersecurity Stocks Are Soaring Today

Shares of the world’s largest cybersecurity companies—including FireEye (NASDAQ:FEYE) , Palo Alto Networks (NYSE:PANW) , and Symantec (NASDAQ:SYMC) —are soaring on Monday morning thanks to a massive cyberattack that affected at least 150 countries over the weekend.

BlackBerry Stock Is The Surprising Winner From The WannaCry Attacks

Shares of BlackBerry Limited (NASDAQ:BBRY) are up on Monday as the world fights to recover from the weekend’s massive cyber attacks—but how is it that a company that once dominated the smartphone market could be benefiting from a wave of malware hacks that infected at least 200,000 people?

Cisco Systems Rallies on Morgan Stanley (NYSE:MS) Upgrade

On Monday, shares of Internet networking leader Cisco Systems (NASDAQ:CSCO) are rallying, up about 2.8% to $34.39 per share in afternoon trading on the heels of a rating upgrade from Morgan Stanley. Cisco’s jump helped push the Dow Jones more than 100 points higher.

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