When the infamous criminal Willy Sutton was asked why he robbed banks, he said, “Because that’s where the money is.” That’s also the reason that countless hackers around the world are targeting the vast online commerce industry, notes Jim Powell, editor of Global Changes & Opportunities Report.
Indeed, the weakest link in cyber security has always been securing the identity of people who work or do business online.
Okta (OKTA) specializes in keeping user passwords and other personal information secure. Its methods are far more sophisticated and effective than those offered by the familiar password services that are commonly available.
Okta’s network includes more than 5,000 of the most popular aps from giants like Oracle (ORCL) and Alphabet (GOOGL), to the online security needs of small and medium-sized businesses, non-profits, and government agencies.
The company’s systems provide security for every type of computer, point of sale system, and mobile phone. Okta is becoming quite successful. Fourth quarter sales jumped 60%.
This young company is still operating in the red, but I expect to see it cross the profit line later this year. Okta must be considered speculative and is best suited for aggressive investors — but I think the risk/reward balance is in their favor.
Meanwhile, I remain convinced that the biggest long-term slam-dunk investment available today is our defense stock holdings. If you only wish to own one, make it Lockheed Martin (LMT).
The stock price is recovering quickly from the recent market plunge. If you want to take a position in Lockheed Martin — or increase what you already have — I suggest that you do it soon.
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