Looking for a bull market? Jim Cramer says Palo Alto Networks is ‘kind of unstoppable'

"Those who are looking for bull markets — of which most have been elusive of late, except maybe the health insurers — look at cybersecurity. You have Palo Alto, which, I think, is the king of it," Cramer said on"Squawk on the Street."Sign up for NBC LA newsletters.

In the month of October alone, Palo Alto Networks' stock has climbed nearly 9%, including Monday's roughly 2.5% advance, to around $252 per share. The move has pushed the stock back toward its all-time closing high of $257.88, which was reached on July 5. Year to date, shares of Palo Alto have soared more than 80%.

Cramer said the recent strength in Palo Alto stock is partly"because a lot of people say, 'All right. On any sort of turmoil, someone is going to try to take advantage of this.'" Additionally, Cramer said the highlighted the importance of the type of services that Palo Alto Networks and its peers in the industry provide.Jim's Charitable TrusI left the U.S. for Denmark.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market MondayThe Dow, S&P 500 and Nasdaq were lower Monday after Hamas conducted a surprise attack on Israel.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer says Vertex has a drug that may address the ‘largest market opportunity in the world'CNBC’s Jim Cramer said investors keep an eye on Vertex Pharmaceuticals (VRTX) as the company develops a non-opioid pain drug.
Source: NBCNewYork - 🏆 270. / 63 Read more »