Russia Ukraine war is an unfortunate development and investors are positioning themselves in companies that offer promise and safety in the new world order. It started with Oil, and then spilled onto metals and now some new names. Here are a few Large cap opportunities to consider.
Russia Ukraine war sparked a rally in Steel stock: CLF stock up +50%
Once the war broke out, the Steel stocks made a big bullish move and CLF has turned out to be a big gainer.
It’s just not CLF, most of the steel stocks have done well along with the ETF
Should one buy MP Materials Corp MP?
MP Material Corp, a rare earth mining company, has broken out with a large candle above the resistance of 50. It makes the stock a compelling buy at the current market price.
China dominates the market in rare earth elements, producing over 60% of the world’s supply in 2021. This makes the company MP Material very valuable as everybody rushing to secure critical supplies.
Global Foundries GFS – To add on declines
Global Foundries GFS stock made a large candle move and has broken out above the 65-70 zone. The stock is now a buy on declines near levels of 70.
Semiconductor Shortage is now an obvious story but geopolitical conflict is now forcing investors to look for diversification beyond one country. Global Foundries has its fabrication facilities outside Taiwan and in the U.S., Germany, and Singapore. A Large candle move is always a welcome development and traders should look to add the stock on declines.
Geopolitical conflict is forcing investors to look at Cybersecurity names
There are two stocks to ride this theme: 1. Cloudflare NET and 2. CRWD. I recommended them in the past and they continue to be good hold for now.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purposes. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
Leave a Reply
You must be logged in to post a comment.