Homeland Security Winners: ICx, OSI
NEW YORK (TheStreet) -- Terror is looking more and more like a good market bet.
On early Wednesday morning, shares of OSI Systems (OSIS) hit a new 52-week high, beating a 52-week high that OSI Systems had just set on Monday.
OSI Systems was far from alone among the security firms benefiting from the latest terrorism fears, stoked by the recent attempted bombing of the flight from Amsterdam to Detroit. In fact, OSI Systems' gains on Wednesday look modest in comparison with ICx Technologies (ICXT).
ICx Technologies was up more than 25% in afternoon trading, or $1.62, to $7.91. What's more, ICx Technologies' trading volume, like OSI, was astronomical, with close to 4 million shares traded, versus an average daily volume of 60,000.The impressive gains made by ICx weren't even the biggest among firms focused on homeland security. Implant Sciences (IMSC) was up 325% on Wednesday afternoon. Granted, Implant Sciences is a 25 cent stock that gained 20 cents on the day. Still, Implant Sciences' trading volume of 1.3 million shares versus an average of 59,000 is notable. There has been much made lately in the markets of the potential plays on software firms that focus on the threats from cyberhackers, and can rely on dependable business from the government. So is the recent action in the electronic technology firms focused on homeland security reflecting a similar investment world opening up to investors based on the 21st century global threats?
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV