<ul class="summary-list"><li>Wedbush analysts expect <keyword id="6361948" type="UNKNOWN" weightage="60" keywordseo="cybersecurity">cybersecurity</keyword> spending to jump more than 20% in 2021 alone.</li><li><keyword id="4533802" type="PERSON" weightage="60" keywordseo="Cybersecurity-Stocks">Cybersecurity stocks</keyword> will be buoyed by federal spending and a push towards hosting workloads on the cloud.</li><li><keyword id="11160551" type="UNKNOWN" weightage="60" keywordseo="varonis-systems">Varonis Systems</keyword>, <keyword id="2426820" type="COMPANY" weightage="60" keywordseo="Zscaler">Zscaler</keyword>, <keyword id="11160552" type="UNKNOWN" weightage="60" keywordseo="telos-corp-">Telos Corp.</keyword>, Sailpoint Technologies, Tenable Holdings, <keyword id="456992" type="COMPANY" weightage="60" keywordseo="Palo-Alto-Networks">Palo Alto Networks</keyword>, and Fortinet are the firm's top cybersecurity picks.</li></ul><a href="https://markets.businessinsider.com/stocks/zs-stock">Zscaler</a> and <a href="https://markets.businessinsider.com/stocks/vrns-stock">Varonis Systems</a> are among <keyword id="377153" type="COMPANY" weightage="60" keywordseo="Wedbush-Securities">Wedbush Securities</keyword>' top 7 cybersecurity stocks heading into what the investment firm believes will be a "strong" earnings season for the sector.In a note to clients on Sunday, analyst <keyword id="2200859" type="PERSON" weightage="60" keywordseo="Dan-Ives">Dan Ives</keyword> and his team said they're expecting a robust March earnings season for the cybersecurity space due to a growing threat landscape for tech companies and a continued shift to the cloud."Cybersecurity sector/stocks have been treading water so far this year, we view a 'beat and raise' 1Q as a positive catalyst to move the sector higher for the rest of 2021," Ives wrote.The analysts said recent checks on the cybersecurity industry have revealed strong deal flow making them bullish on the sector."In particular we are seeing strong deal flow around identity threat detection, privileged access management (PAM), endpoint/ vulnerability security, and a discernible shift to zero trust architecture all gaining steam in the field," Ives wrote.Ives and his team also said they believe 44% of workloads will move to the cloud by the end of 2021 and that figure will hit 55% by 2022.This digital transformation to the cloud is set to buoy cybersecurity names moving forward, according to Wedbush. The firm forecasts cybersecurity spending to increase over 20% in 2021.Data from <a href="https://www.gartner.com/en/documents/3889055">Gartner</a> backs up the Wedbush's stance. Gartner is forecasting the worldwide information security market to reach over $170 billion in net value by 2022 amid a continued push towards cloud hosting. The shift to cloud for both enterprises and governments is also being accelerated by big tech companies like Microsoft, Amazon, and Google, due to their recent push to enhance cloud offerings.Ives and his team said they believe the cybersecurity sector could see an additional 300 bps+ lift from President Biden's federal spending surge in light of recent nation-state attacks from Russia and China as well.The analysts added that they expect a surge of M&amp;A to take place within cybersecurity from both strategic and financial players in the coming months.To that point, ThomaBravo announced it acquired the cybersecurity firm Proofpoint for $12.3 billion in cash on Monday.Ives concluded by laying out his top seven picks for the cybersecurity industry, which included the following: Varonis Systems, Zscaler, <a href="https://markets.businessinsider.com/stocks/tls-stock">Telos Corp.</a>, <a href="https://markets.businessinsider.com/stocks/sail-stock">Sailpoint Technologies</a>, <a href="https://markets.businessinsider.com/stocks/tenb-stock">Tenable Holdings</a>, <a href="https://markets.businessinsider.com/stocks/panw-stock">Palo Alto Networks</a>, and <a href="https://markets.businessinsider.com/stocks/ftnt-stock">Fortinet</a>.

Zscaler and Varonis Systems are among the top 7 cybersecurity stocks this earnings season, Wedbush says

Good morning, readers. Oil is on the move again, but one bank says it should tick back up come summer. Meanwhile, JPMorgan's quant guru sticks to his outlook for stocks and we give an update on how the Fed's policy moves may impact the market. Here we go. <hr />If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-opening-bell">sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here.</a><hr /><a href="https://markets.businessinsider.com/news/commodities/oil-prices-today-outlook-supply-demand-russia-oil-war-commodities-2022-3"></a>1. Oil prices have dipped from recent highs, but expect another surge. Oil down to $100 a barrel again is likely a short-lived phenomenon, UBS says. The Swiss bank expects tighter supplies to <a href="https://markets.businessinsider.com/news/commodities/oil-prices-today-outlook-supply-demand-russia-oil-war-commodities-2022-3">push the commodity back to $125</a> this summer as waning COVID-19 lockdowns spur renewed demand for global travel. The abrupt pullback this week is tied to a wave of new virus infectious and subsequent lockdowns in China, while some hope for a ceasefire between Ukraine and Russia eases fears of lasting supply disruptions. But no matter how you cut it, oil exports and production will be hurt by sanctions, and the situation in China isn't likely to diminish oil demand for very long. Meanwhile, Saudi Arabia is in talks with China for yuan-based oil sales, per a Wall Street Journal report, <a href="https://markets.businessinsider.com/news/currencies/us-dollar-vs-yuan-saudi-arabia-china-oil-sales-deal-2022-3">which could deal a blow to the global dominance of the US dollar</a>. For decades, the world's top oil exporter has traded crude exclusively in dollars, but a new agreement with China threatens to upend the status quo. Here's what to know: <ul><li>About 80% of global oil sales are done in dollars, and the Saudis have used only US dollars since 1974. </li><li>Yuan-based transactions would bolster China's currency at the expense of the dollar.</li><li>Crown Prince Mohammed bin Salam reportedly <a href="https://www.businessinsider.com/saudi-mbs-rejected-biden-request-discuss-russia-oil-crisis-wsj-2022-3?utm_medium=ingest&amp;utm_source=markets">snubbed Biden's request to discuss oil</a> last week.</li></ul><hr /><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-economy-will-avoid-recession-jpmorgan-kolanovic-inflation-2022-3"></a><div type="image" title="traders nyse laugh happy mask" height="500" width="1000" msid="90270174" hostid="261"></div>In other news:2. Global shares are in the green. Optimism over Russia/Ukraine peace talks is helping bolster sentiment ahead of the Fed's highly anticipated rate rise. <a href="https://markets.businessinsider.com/news/stocks/stock-markets-today-futures-fed-expected-rate-hikes-russia-ukraine-2022-3">Here's what's going on across the markets.</a>3. On the docket: Progressive Corp, Williams-Sonoma, and Telos, <a href="https://markets.businessinsider.com/earnings-calendar">all reporting</a>.4. These 10 "out of consensus" stock picks will smash expectations in a market with 34% upside potential in the coming 12 months. That's according to Bank of America analysts, <a href="https://www.businessinsider.com/stocks-to-buy-best-out-of-consensus-picks-bank-of-america-2022-3">who think the market is most underestimating this particular group of stocks. </a>5. Chaos in the nickel market has resumed. The London Metal Exchange was forced to stop trading within minutes following an unprecedented one-week halt, after heavy selling pushed the nickel price beyond the exchange's set limit. <a href="https://markets.businessinsider.com/news/commodities/nickel-price-london-metal-exchange-lme-halts-trading-chaos-commodities-2022-3">Read more about the aftermath of nickel's 'big short' here.</a> 6. Retail traders have been more aggressive buyers of the recent dip in the stock market than in any other correction since the '08 crisis, said Bank of America. While hedge funds keep selling, everyday investors are buying, wrote BofA analysts Tuesday. <a href="https://markets.businessinsider.com/news/stocks/stock-market-buy-the-dip-retail-traders-bofa-inflation-inflows-2022-3">In their view, heightened retail trader activity bodes well for future stock-market gains. </a>7. JPMorgan's quant guru is sticking to his bullish outlook for stocks. "Equities tended to firm up 3-4 months after the first [interest rate] hike, and make fresh all-time highs within 6-12 months," Marko Kolanovic said — <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-economy-will-avoid-recession-jpmorgan-kolanovic-inflation-2022-3">and he doesn't anticipate the economy falling into a recession.</a>8. Wall Street experts — including a former Fed insider — warned that the central bank will have to "sacrifice" the stock market to restrain inflation. In the coming months, some expect to see stagflation, and the Fed won't be willing to ease policy again to improve the growth outlook. <a href="https://www.businessinsider.com/fed-rate-hikes-inflation-stock-market-balance-sheet-ukraine-stagflation-2022-3">Here's what to know. </a>9. A 29-year-old who scaled up an online contracting empire explained how anyone can get started. She hired other freelancers, released an ebook, created online courses, and used Google Adsense and affiliate links. <a href="https://www.businessinsider.com/online-income-streams-recommended-by-freelancer-scaled-up-2022-3">She gave a breakdown of each of her unique income streams, and how to leverage them.</a><a href="https://www.businessinsider.com/gender-wage-pay-gap-charts-2017-3#men-have-earned-more-than-women-since-1979-the-first-year-with-available-data-1"></a><div type="image" title="Taylor Tyson/Insider" height="900" width="1201" msid="90270178" hostid="261"></div>10. Men have had higher median weekly earnings than women for decades. But that gap has narrowed over time, according to data from the Bureau of Labor Statistics. <a href="https://www.businessinsider.com/gender-wage-pay-gap-charts-2017-3#men-have-earned-more-than-women-since-1979-the-first-year-with-available-data-1">In the last quarter of 2021, women had median weekly earnings that were 84.4% of men's earnings.</a><hr />Keep up with the latest <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> news throughout your day by checking out<a href="https://www.insider.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://www.insider.com/therefresh">Listen here.</a>Curated by Phil Rosen in New York. (Feedback or tips? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.)

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Zscaler and Varonis Systems are among the top 7 cybersecurity stocks this earnings season, Wedbush says

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10 things before the opening bell

Phil Rosen