With the growing tension between Russia and Ukraine, JPMorgan Chase & Co's macro research team screened US stocks that may outperform and underperform in the face of this grim situation.

JPMorgan Chase & Co strategist Dubravko Lakos-Bujas wrote in a report on Tuesday: "tensions in Russia and Ukraine are a 'low risk' factor for US corporate earnings, but with central banks focusing on controlling inflation, volatility in energy prices could further dampen investor sentiment and corporate profit growth prospects," Zhitong Financial APP learned. "

"most US companies have low direct exposure to Russia and Ukraine (the average exposure of the Russell 1000 is about 0.6 per cent), but the indirect risk may be relatively large. These may include a slowdown in global economic growth and consumer spending due to rising oil and food prices, negative secondary effects through Europe, supply chain distortions, credit and asset impairment, and possible cyber security risks. " Lakos-Bujas said in the report.

"while the political situation between Russia and Ukraine is becoming increasingly unpredictable and market volatility is likely to intensify in the short term, we believe that tightening monetary policy remains a key risk for US stocks as the Fed and major central banks try to actively re-stabilize inflation expectations. "

For companies that are likely to perform wellThe team said it screened American companies that showed "positive sensitivity" to the situation in Russia and Ukraine and perfected the list based on the detailed advice of JPMorgan Chase & Co stock analysts.

JPMorgan Chase & Co said in the report that the selected sectors of US stocks that are likely to perform well are mainly concentrated in the "energy + materials" sector, with specific products in the commodity category and some in the aerospace and defence industries. "

The specific list is as follows:

Energy:$Exxon Mobil Corp (XOM.US) $、$EOG Energy (EOG.US) $、$Vanguard Natural Resources (PXD.US) $、$Devon Energy (DVN.US) $、$Western Oil (OXY.US) $、$Cheniere Energy (LNG.US) $、$Hess (HES.US) $、$Diamondback Energy (FANG.US) $、$Continental Energy (CLR.US) $、$Marathon Oil (MRO.US) $、$Apache Oil (APA.US) $

Materials:$Nutrien (NTR.US) $、$Meisheng (MOS.US) $、$CF Industrial Holdings (CF.US) $)、$Alcoa (AA.US) $、Cliff Natural Resources (CLF.US) $、American Steel (X.US) $、$Carpenter Technology (CRS.US) $

Aerospace and defense industries:$Lockheed Martin Corp (LMT.US) $、$Northrop Grumman (NOC.US) $、$L3Harris Technologies (LHX.US) $、$Huntington Ingles Industries (HII.US) $、$Mercury Systems (MRCY.US) $、$Leidos (LDOS.US) $、$CACI International (CACI.US) $

For companies that may perform poorly in the grim situation in Russia and UkraineBased on the FactSet Revere database and proprietary text materials, the team identified companies with revenue exposure in Russia and Ukraine after in-depth analysis (the average revenue exposure is about 4 per cent), and according to the detailed opinions of JPMorgan Chase & Co stock analysts, combined with the impact of rising oil prices and product supply chain and other factors to further improve the list.

The specific list is as follows:

Energy:$Linde (LIN.US) $、$Golden Rose Gold (KGC.US) $、$Arconic (ARNC.US) $、$Sylvamo (SLVM.US) $

Industrial sector:$Boeing Co (BA.US) $、$Aike Group (AGCO.US) $、$Air Leasing Company (AL.US) $、$Delta Airlines (DAL.US) $、$United Continental Airlines (UAL.US) $、American Airlines (AAL.US) $

Non-essential consumer goods：$Gentherm (THRM.US) $、Mohawk Industries (MHK.US) $、$McDonald's Corp (MCD.US) $(MCD.US),$Carnival Cruise (CCL.US) $、$PepsiCo Inc (PEP.US) $、$Mondelez International Inc (MDLZ.US) $、$Bunge (BG.US) $、$Philip Morris International Inc (PM.US) $、$Kimberly (KMB.US) $、$The Estee Lauder Companies Inc (EL.US) $、$Koty (COTY.US) $、$Herbalife (HLF.US) $

Healthcare:$Ariram Pharmaceuticals (ALNY.US) $

Information technology:$Flying Tower Information (FTNT.US) $、$Tianbao Navigation Company (TRMB.US) $