In this article, we will discuss the companies that can be affected by the current crisis in Europe. If you want to read our detailed analysis of these companies, you can go directly to Ukraine War and Sanctions Could Affect These 10 US Stocks.
5. Carnival Corporation (NYSE:CCL)
The cruise industry is facing a broader decline amid the effects of the Russian invasion. Carnival Corp. in particular is having a hard time as the stock recently fell due to the company’s exposure to Russia and also because of its poor Q4 earnings report. Carnival Corp. has also issued a cancellation of calls to Russia for some lines.
The cruise industry is also facing a new threat: carbon taxes. Morgan Stanley recently warned that the cruise line sector could face up to $2 billion in carbon levy from the International Maritime Organization.
Jack Woodruff’s Candlestick Capital Management owns a $112 million stake in Carnival Corp. as of the end of 2021. The fund is among the 33 hedge funds that had stakes in the company at the end of December.
4. Mondelez International, Inc. (NASDAQ:MDLZ)
Food company Mondelez is also in the limelight as analysts believe the company is under pressure because of its exposure to Russia and Ukraine. The company is a leading chocolate maker in Russia. In 2013, its Russian subsidiary posted revenue of 55.2 billion rubles, up 13.1% year-on-year.
Michael Lavery, a Senior Research Analyst at Piper Sandler & Co., said in a recent note that Russia accounted for about 10% to 11% of Mondelez International’s European Union (EU) segment, and approximately 3% of its total sales in 2022.
As of the end of the fourth quarter of 2021, 40 hedge funds in the database of Insider Monkey had stakes in Mondelez.
3. The Boeing Company (NYSE:BA)
JPMorgan believes that the Russian invasion of Ukraine and the West’s sanctions could negatively affect Boeing. Boeing has design centers in Russia and the company reportedly employs 2,000 people in the country under contract.
Of the 924 funds tracked by Insider Monkey at the end of the fourth quarter, 50 held long positions in Boeing. Ken Griffin’s Citadel Investment Group has a leading position in the company, with 926,933 shares, worth $187 million.
2. Gentherm Inc. (NASDAQ:THRM)
Thermal management technologies company Gentherm Incorporated is also feeling the effects of the Russian invasion. The company said in the latest SEC filing that its facility in Vynohradiv, Ukraine, is operational as of now. It said the products manufactured in Ukraine accounted for about 11% of its revenue.
At the end of the fourth quarter of 2021, 15 hedge funds tracked by Insider Monkey reported owning takes in Gentherm Incorporated. The total value of these stakes is about $204 million.
1. Delta Air Lines, Inc. (NYSE:DAL)
After suffering COVID-related losses for months, airline stocks are now taking a beating amid the current war in Europe. Delta Air Lines, Inc. (NYSE:DAL) was especially named by JPMorgan in its report about stocks that could lose value in the backdrop of the current scenario. Delta Air Lines, Inc. (NYSE:DAL) has withdrawn its codeshare services with Aeroflot beyond Moscow’s Sheremetyevo Airport and removed Aeroflot’s code from Delta-operated services from Los Angeles and New York-JFK.
The stock is down about 4% in the last five days.
A total of 47 hedge funds tracked by Insider Monkey have stakes in the company, as of the end of the fourth quarter.
You can also take a look at Short Sellers Were Right About These 10 Stocks and 10 Undervalued Dividend Kings To Buy In 2022.
