On today’s segment of Good Buy or Goodbye, Yahoo Finance’s Julie Hyman is joined by Henion & Walsh Chief Investment Officer Kevin Mahn to dissect his stock picks within the cybersecurity sector.
Mahn identified CrowdStrike (CRWD) as a stock to buy. He cites several key reasons for this recommendation, acknowledging that "AI can be used for good and AI can be used for bad," particularly in the realm of cybercrime. However, Mahn notes that CrowdStrike is leveraging AI "to help thwart AI-powered cyberattacks." Furthermore, the company’s revenue and earnings growth have surpassed expectations, with CrowdStrike hitting the $3 billion revenue mark, and Mahn doesn’t "see them stopping."
On the other hand, Mahn identifies BlackBerry (BB) as a stock to avoid. He suggests steering clear of this investment due to the company’s struggles in successfully transitioning its smartphone business into the cybersecurity realm, stating "this is a tough market to break into." Secondly, Mahn points to BlackBerry’s lackluster earnings growth and negative free cash flow as further reasons to avoid purchasing.
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