Despite the market's emergent rally in July, 2022 has been a punishing year for tech equities worldwide. Recent Q2 earning from megacap tech players in the US deepen concerns about diminishing margins and slowed hiring moving into Q3/4 and beyond. YTD, Nasdaq is down -21%, and unerperformed the DOW, S&P500, and Russell2000.
One sector with more bullish short-to-intermediate term prospects is cyber security and confidential computing. HUB.TA, which is headed for a NASDAQ listing this year via SPAC merger with RNER has clearly outperformed sectoral peers such as IBM (-1.38%) and CYBER (-22.8%) YTD with its gains of +32% despite some heightened volatiity surrounding its imminent merger. HUB likewise outperformed sectoral ETFs like BUG (-17.8%) and CIBR (-19.17%), making this Israeli confidential computing equity an attractive watchlist item for those eyeing its TASE delisting and the initiation of trading on NASDAQ.
One sector with more bullish short-to-intermediate term prospects is cyber security and confidential computing. HUB.TA, which is headed for a NASDAQ listing this year via SPAC merger with RNER has clearly outperformed sectoral peers such as IBM (-1.38%) and CYBER (-22.8%) YTD with its gains of +32% despite some heightened volatiity surrounding its imminent merger. HUB likewise outperformed sectoral ETFs like BUG (-17.8%) and CIBR (-19.17%), making this Israeli confidential computing equity an attractive watchlist item for those eyeing its TASE delisting and the initiation of trading on NASDAQ.