The ongoing war between Iran and Israel has significantly impacted global financial markets, leading to increased volatility. The CBOE Volatility Index has surged in the past month, indicating heightened investor uncertainty. Oil prices rose over 50% in March alone, fueled by disturbances in the Strait of Hormuz, which accounts for about 20% of globally traded oil.
In this turbulent environment, investors are urged to consider stocks like Cable One (CABO), Phillips 66 (PSX), Archer Daniels Midland Company (ADM), CVR Energy (CVI), and Cross Country Healthcare (CCRN). These companies have shown strong earnings revisions and broker recommendations, amidst rising inflationary pressures from inflated crude oil prices.
The strategic stock screening criteria include a focus on companies with upward earnings estimate revisions, favorable price-to-sales ratios, and sufficient trading volumes. This approach aims to identify stocks positioned for growth despite current market volatility.
