The stock market was down on Thursday, as year-end selloff resumed due to increasing concerns that further monetary tightening from central banks will push the economy into a recession.
Overall, S&P 500 declined 1.5% to 3,822, while NASDAQ fell 2.2% to 10,476.
Tweet of the Day
— DTX Daily (@dtxdaily) December 21, 2022
Chart of the Day
Here is the ten-year chart of Fortinet (FTNT) as of December 14, 2022, when the stock was at $54.
Fortinet is a one-stop-shop that can handle all the cybersecurity needs for organizations. It delivers hardware, software, and technical support for a range of offerings for cybersecurity. Now, the company offers firewall-based Zero Trust Network Access.
Cybersecurity is expected to be one of the strong segments of software heading into 2023. FTNT is one of our favorites.
FTNT is on the radar for the Growth Portfolio.
