Russian Insurrection Crushed: 5 Stocks That Continue To Have Exposure To The Country
Portfolio Pulse from Shanthi Rexaline
Following the recent political unrest in Russia, five US-listed companies continue to have exposure to the country: Philip Morris International (PM), Procter & Gamble (PG), Align Technology (ALGN), Amgen (AMGN), and Cloudflare (NET). Despite many multinational companies closing operations in Russia, these companies have chosen to maintain their presence.
June 25, 2023 | 9:52 pm
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NEUTRAL IMPACT
Align Technology has kept its Russian operations, despite incurring restructuring and other charges related to rightsizing operations in the country.
Align Technology's decision to maintain its Russian operations may have a neutral impact on the stock price. Investors may be concerned about the restructuring charges and the company's exposure to the Russian market, but also recognize the potential benefits of maintaining a presence in the country.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Amgen has suspended all non-essential business activity in Russia but maintains an office in Moscow.
Amgen's decision to suspend non-essential business activity in Russia while maintaining an office in Moscow may have a neutral impact on the stock price. Investors may be cautious about the company's exposure to the Russian market, but also recognize the importance of maintaining a presence in the country.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Cloudflare remains in Russia despite Western sanctions, with CEO Matthew Prince stating that the country needs more internet access.
Cloudflare's decision to remain in Russia despite Western sanctions may have a neutral impact on the stock price. Investors may be concerned about the company's exposure to the Russian market, but also recognize the potential benefits of providing internet access in the country.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Procter & Gamble has stalled new investments in Russia but continues to do business in the country.
Procter & Gamble's decision to continue doing business in Russia while stalling new investments may have a neutral impact on the stock price. Investors may be cautious about the company's exposure to the Russian market, but also recognize the importance of maintaining a presence in a major market.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Philip Morris International continues to operate in Russia, with the country and Ukraine accounting for 8% of its revenue in 2022.
Although the political situation in Russia is unstable, Philip Morris has chosen to continue its operations in the country. This decision may have a neutral impact on the stock price, as investors weigh the potential risks and rewards of maintaining a presence in Russia.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80