3 Defense Stocks to Consider as Geopolitical Tensions Rise

3 Defense Stocks to Consider as Geopolitical Tensions Rise

This past week, Russia invaded Ukraine. The crisis marks the highest level of geopolitical tensions in Europe in decades.

So far, Russia’s advance has been stalled due to unexpected strong Ukrainian resistance. At the same time, while the US and its allies haven’t intervened on the ground, they have been supplying arms and financial backing. They have also imposed sanctions and have now cut off a number of Russian banks' access to the SWIFT international payment system, thereby severely restricting Russia’s trade capabilities.  

Financial markets are reacting, of course, in a variety of ways. The price of oil is up and at a level not seen since 2014. The Russian stock market has simply collapsed, as has the ruble against the dollar. On Wall Street, stocks fell sharply as the Ukraine crisis grew in recent weeks, and since the Russian invasion have swung wildly down and then up.