FEYE

Fireeye Inc

stocks

Facebook's Security Woes Are Setting This Cybersecurity Stock Up for a Quick 20% Gain

Over the last year, Facebook Inc. (NASDAQ: FB) shares have fallen more than 16% as data breaches and political scandals plague the company's public reputation.

However, the social media giant appears to be on the verge of turning a corner.

Last month, reports surfaced that Facebook intends to acquire a cybersecurity firm in an effort to strengthen its digital defenses and regain public trust.

And that's great news for cybersecurity stocks. Facebook currently has $42 billion in cash on hand, giving it more than enough to lock down an acquisition.

stocks

Facebook Could Be a Boon for These Cybersecurity Stocks

It's been a rough year for Facebook Inc. (NASDAQ: FB).

Trust in the social media giant has plunged in the wake of two major scandals surrounding cybersecurity and sensitive consumer information.

A recent hack exposed data of nearly 30 million people, while the firm faced considerable criticism in the wake of the Cambridge Analytica scandal from the 2016 election.

Since January, Facebook stock has fallen over 18%.

However, it looks like the tech giant is looking to turn over a new leaf.

Technology

3 Top Cybersecurity Stocks to Watch Now After Critical Power Plant Hack

On Dec. 14, hackers accidentally shut down a critical power plant in the Middle East while attempting to take control of the facility's safety shutdown system.

While the exact location is unknown, it was a first-of-its-kind attack that underscores how critical cybersecurity systems will be for protecting our national security.

The attack is also why we're showing you the three top cybersecurity stocks to watch today, including the best one to add to your portfolio for 2018...

Hot Stocks

How to Play LNKD, FEYE, EXPE, GOOG, and FB Stock Today

Investors in LinkedIn Corp. (NYSE: LNKD), FireEye Inc. (Nasdaq: FEYE), Expedia Inc. (Nasdaq: EXPE), Google Inc. (Nasdaq: GOOG, GOOGL), and Facebook Inc. (Nasdaq: FB) have seen significant share-price jumps this week.

Money Morning Capital Wave Strategist Shah Gilani joined "Varney & Company" on FOX Business Friday to provide a trading expert's take on a rapid-fire list of these noteworthy stocks.

Watch the video below to find out which ones he's buying and selling now...