These stocks are best suited for a world that's become less safe, according to Bank of America.
Security is becoming increasingly crucial around the world, and Bank of America thinks investor portfolios can benefit from owning certain names. The bank on Monday released its "Future Security" primer, examining stocks through a lens of safety. It also incorporates both firms' exposed to physical security and cybersecurity. "If cybercrime damage were a state, it would be the world's 3rd largest economy," analyst Felix Tran said in a Monday note.
mountain CrowdStrike YTD "CrowdStrike's platform is one of the few 100% cloud-based architectures and is uniquely positioned to displace incumbents with its platform breadth, including advanced detection and remediation capabilities," BofA analyst Tal Liani wrote. Information security company CyberArk Software also made the list. The stock is up nearly 29% year to date.
mountain CyberArk YTD "CyberArk is the clear leader within the PAM market, with a robust technological moat," Liani said. Another name that made the cut is consumer credit reporting agency TransUnion . BofA lauded the company's growth of its fraud prevention business through mergers and acquisitions, and said the company will remain significant while worry over online fraud persists. TRU YTD mountain TransUnion YTD.
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