The Ukraine-Russia conflict is underway, and with markets already taking a beating before the open, investors are looking for industries and stocks to stand up to this downward pressure. Where the markets could go from here is anyone’s guess.
In terms of a broad market perspective, this conflict already has precipitated the Dow Jones industrials, Nasdaq and S&P 500 hitting fresh lows for 2022, and the drop does not seem to be abating. In fact, the S&P 500 has just entered correction territory, following the Nasdaq’s lead in previous weeks. While this could be beneficial to some individual stocks or sectors, the larger perspective dictates market carnage.
So where do we go from here? Prudent investors need to be on the lookout for industries and companies that can stand up to the downward pressure. In this case, some companies in the oil patch, gold and aerospace and defense stocks seem to be the first place to look. However, other opportunities should present themselves as valuations correct going forward.
Here is a look at some aerospace and defense stocks that are looking good in Thursday’s premarket…
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