Volatility remains high in the global financial markets as Russia ordered its nuclear forces to be on high alert, days after launching a full-scale invasion of Ukraine.
Eva Ados sees opportunity in several sectors
The geopolitical tensions, however, should not scare investors out of the market, says ERShares’ Eva Ados. Revealing her top sector picks amidst the uncertainty, she said on CNBC’s “The Exchange”:
Cybersecurity, defense, and energy are the sectors we advise investors to concentrate on. Especially U.S. securities that have low trade risk. Avoid direct exposure to Russia. Also, small caps; if they’re profitable and regional in focus, have an advantage on their large-cap multinational competitors.
In the cybersecurity space, two of her favourite stocks are CrowdStrike Holdings Inc (NASDAQ: CRWD) and Palo Alto Networks Inc (NYSE: PANW); both of which are up more than 25% since Thursday when Russia breached the diplomatic standoff and invaded Ukraine.
Allan Boomer is optimistic about the U.S. market
During the same interview, Momentum Advisors’ Allan Boomer also agreed that now wasn’t the time to sit on the sidelines. Despite the Ukraine war, he is “optimistic” about the U.S. equities.
The U.S. consumer is in a strong position; trillions of dollars are sitting in cash. Earnings have been on average pretty good. You’ve got a market that’s cheaper now, folks have a lot of cash to spend, mask mandates are going away, folks want to go out and explore the world. So, I’m just really optimistic.
His top picks at current valuations include the giants like Walmart Inc and Microsoft Corp. He’s also bullish on Meta Platforms that’s now roughly half the over $1.0 trillion company it was in June of 2021.
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