**Market Overview Amidst Conflict**
As of April 2023, the Dow has entered correction territory, with oil prices soaring past $110 per barrel due to ongoing conflicts, particularly influencing financials, communications, and airlines. In response, Marc Lichtenfeld, Chief Income Strategist at Oxford Club, identifies Citigroup (NYSE: C), Verizon Communications (NYSE: VZ), and Delta Air Lines (NYSE: DAL) as resilient stocks in these struggling sectors.
**Key Stock Insights**
Citigroup benefits from its global operations in over 160 countries, handling approximately $3 trillion in daily transactions, positioning it well against competitors. Its earnings report is set for April 14, 2023. Verizon maintains a 5.9% dividend yield and has raised its payout for 22 consecutive years, while Delta’s ownership of the Trainer Refinery allows it to offset domestic fuel costs effectively, saving around $800 million during previous oil price spikes.
**Earnings Outlook**
Delta retains a 2026 earnings guidance of $6.50 to $7.50 per share, contrasting with the negative outlooks of many peers. The stability of these stocks during sector downturns may indicate strong recovery potential once the geopolitical pressures ease, emphasizing their relative strength as a positive indicator for future performance.
