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Josh Brown has added three cybersecurity names, Fortinet, Palo Alto Networks, and CrowdStrike, to his closely watched “best stocks in the market” portfolio.
Cybersecurity stands as the singular, non-negotiable line item in corporate IT budgets, immune to macroeconomic tightening.
Interestingly, the rapid advancement of artificial intelligence (AI) has fortified the sector’s growth trajectory rather than threatening it.
As AI accelerates the sophistication of global hacking capabilities, enterprise clients are materially scaling their defensive infrastructure – transforming the following three specialized cybersecurity stocks into indispensable digital utilities.
Fortinet Inc (FTNT)
Josh Brown was drawn to Fortinet following a dramatic, clean “technical breakout” that decisively shattered an 18-month descending channel.
After compressed price action found consistent support in the $83 to $88 range, a massive first-quarter (Q1) earnings surprise exploded the stock past prior all-time highs to $124.
This powerful move pushed FTNT shares above its 50-day and 200-day moving averages (MAs) for the first time in a year and a half.
While its blistering relative strength index (RSI) of 85 indicates a highly overbought condition that requires near-term price digestion, the sheer velocity of the breakout confirms institutional accumulation, making it a premier addition to the elite momentum list.
That said, Wall Street currently rates Fortinet stock at “hold” only.
Palo Alto Networks (PANW)
Palo Alto Networks stock earned its spot on the list through a decisive, come-from-behind victory that validated its aggressive “platformization” strategy.
Josh Brown highlighted the chart’s powerful trend momentum after the stock carved out a long, choppy base and cleared heavy resistance in the $180 to $190 range.
Backed by an absolute gusher of an earnings quarter, PANW embarked on a historic parabolic run – surging 71% in just 57 trading days to hit $245.
With an RSI of 86 reflecting sustained, multi-month trend momentum rather than a short-term squeeze, PANW successfully absorbed overhead supply, establishing a robust technical foundation built for long-term continuation.
Unlike FTNT, Wall Street analysts are also positive on PANW shares currently, with a consensus rating of “strong buy”.
CrowdStrike (CRWD)
As a core personal holding, CrowdStrike stock stands out to Josh Brown as a “top-tier” investment that shrugged off tech disruption fears to achieve scalding hot momentum.
After enduring a deep correction into the low $300s, CRWD shares formed a classic accumulation base characterized by higher lows.
CrowdStrike then exploded out of this coiling structure with immense authority, clearing previous highs to trade at a record $607.
Backed by an RSI of 83 and a powerful volume pattern, Brown views this breakout into all-time highs as a genuine institutional rotation, anchored firmly above its 50-day moving average and perfectly positioned for further structural upside.
Wall Street analysts currently rate CrowdStrike Holdings Inc at “moderate buy”.
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