Ukraine War and Sanctions Could Affect These 5 US Stocks

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.