Russian President Vladimir Putin's invasion of Ukraine triggered a massive sell-off in global risk assets, and here are the defensive stocks Wall Street favors for investors looking to hide out.
Countercyclical stocks like consumer staples and utilities typically fare relatively well during geopolitical tensions as they are less tied to overall growth and economic turbulence. Wall Street strategists are advising clients to flock to defensive names as major averages suffered a major pullback.
Become a member of CNBC Pro to see defensive stock picks. As the Russian invasion of Ukraine has increased fear and uncertainty in markets around the globe, some traditional safety plays are proving popular.
Funds that track more defensive assets have outperformed the S&P 500 — and in some cases risen — in recent days as the conflict in Eastern Europe came into focus, rattling investors who were already on edge about the next steps from the Federal Reserve.
Become a member of CNBC Pro to see the ETFs to protect your money. Traders are embroiled in a debate about the impact of the Ukraine crisis on the Federal Reserve.
A minority of traders feel that with such large geopolitical risks, the Fed should delay making major policy decisions. The problem is, the Fed was dealing with a major inflation problem prior to this, and the Ukraine crisis is only exacerbating that worry.
Become a member of CNBC Pro to see when traders think the stock market will bottom. Morgan Stanley has named a raft of stocks to own — and avoid — as the conflict between Russia and Ukraine ratchets up.
Russian President Vladimir Putin invaded Ukraine early Thursday, just days after recognizing the independence of two separatist areas in the east of the country.
Earlier this week, before the invasion began in earnest, Morgan Stanley weighed in on the impact of a potential conflict on equity markets in three separate notes.
Become a member of CNBC Pro to see Morgan Stanley's stock picks.
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