While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia were mixed on Tuesday, as the People's Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies.Asia Marketsread more
With , and all victims of recent hack attacks, Jim Cramer thinks the need for cybersecurity is growing by the minute.
"Last year, the global security technology and services market was worth $67 billion; by 2016 it should be worth $86 billion," Cramer said.
However, not all cyber-security stocks are equally attractive.
"So, with that in mind, I want to revisit my favorite cybersecurity names so that you know how to play this powerful long-term trend."
Palo Alto Networks
This is the "Mad Money" host's favorite stock in the space because "Palo Alto products have a major technological edge over the competition, " Cramer said. "Most firewalls reduce the speed and efficiency of a network, but when you use Palo Alto, you experience much less performance degradation than you'd get from any of the company's rivals."
"We're doing something fundamentally and disruptively different," said Mark McLaughlin, the chairman and CEO of Palo Alto Networks on "Mad Money." And companies are taking notice. McLaughlin told Cramer when clients learn about his products, Palo Alto is often able to win business away from legacy cybersecurity firms.
Also, Cramer said Palo Alto recently settled a lawsuit with Juniper, which removes an overhang, and billings increased by 64 percent year over year, signaling demand is strong.
Given the catalysts, "Even with the stock up 73 percent year-to-date, I think it could have more upside," Cramer said. "While I don't like to chase a stock that's rallied significantly in a single session like Palo Alto did today in the wake of its terrific quarter, I do think the longer-term upside here could be phenomenal. "
"My second favorite player here, and a stock that's far cheaper on an earnings basis, is Fortinet, " Cramer said.
Largely, Cramer says the company is actively expanding its customer base, no longer servicing just small and mid-size firms, but now, also winning some big clients, too. "That's a big deal because large companies have more money to spend on network security," Cramer said. "In turn, winning these bigger contracts has allowed Fortinet's billings growth to accelerate in each of its last six quarters, with billings up 33 percent year over year in the latest quarter and enterprise deals up a staggering 95 percent."
Due to the strength Cramer is looking for the Street to raise estimates, which, in turn, should bode well for shareholders. "I could easily see this $26 and change stock breaking out above $30 in the not too distant future, and again, I'm a buyer into weakness."
Read more from Mad Money with Jim Cramer
In this stock, Cramer's charity builds a sizable position
Apple gadget launch: What blew Cramer away?
Profiting from Alibaba inspired selloff
Although Cramer had expressed skepticism about FireEye in the past, in part because after its IPO the stock surged, Cramer now believes the dust has settled and fundamentals will begin to matter. "And in reality, this company is a leading player in malware protection," Cramer said.
"FireEye has a broad portfolio of network security products, with lots of exposure to the fast growing threat intelligence market. And the fact is, the company's growing like a weed: in the last two quarters its revenues increased by 184 percent and 160 percent year over year respectively. The stock trades roughly in-line with its peer group despite a much faster growth rate. FireEye's risky, it's not yet profitable, and I'd only recommend it for speculation, but if you do feel like speculating it's definitely worth thinking about," Cramer said.
Cramer said unlike the other stocks listed above, Symantec is more of a value play, trading at just 12 times next year's earnings estimates.
"The company has lagged the industry for years, but back in March Symantec fired its CEO, and its now undergoing a reorganization to try to turn around its business. If the turn works, then I think this stock could go much higher."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org