Stocks in many different industries have continued to decline as a result of the Ukraine situation. The repercussions of sanctions on one of the biggest exporters of crude and potash in the world are still having a significant impact on the oil and fertilizer sectors. Crypto companies that had predicted the war would be good for the coin market have collapsed. The Ukraine conflict is having an influence on even tech enterprises. According to Goldman Sachs, sanctions imposed by the West will cause a 10% decline in Russia’s GDP this year. According to experts at Barclays, the decline in private consumption, investment, and imports will cause the Russian economy to slow down more quickly in the second half of 2022.
Insider Monkey highlights the 10 stocks that the Russia-Ukraine war will affect in the future. A diversified technology corporation, Rocket Companies, Inc. has holdings in the real estate and retail industries. The likelihood that the stock will be impacted by the situation in Ukraine is high. This occurs as a result of rising inflation occurring at a time when market pressures from the supply chain were already there. Services for electronic manufacturing are provided by IPG Photonics Corporation. One of the few manufacturers of electrical goods with significant exposure to Russia is the company. Another crucial area where the business is dependent on Russia is that 35 percent of the workforce is from Russia or Belarus. Engineering services for digital platforms and software development are offered by EPAM Systems, Inc. The corporation is doubly exposed to the conflict in Ukraine. Arvind Ramnani, a Piper Sandler analyst, continued to rate EPAM Systems as Overweight on July 18. The aerospace and military company Northrop Grumman Corporation was founded. In contrast to the benchmark S&P 500’s 17.30% decline during the same period, Northrop’s shares have increased by more than 17 percent. Mining company Barrick Gold Corporation has significant holdings in copper and gold. Market volatility and uncertainty have risen as a result of the Russian conflict in Ukraine. Other precious metals and rare earth are also seeing price increases, along with gold. For more details, click 10 Stocks That The Russia-Ukraine War Will Affect In The Future.
