Investors are being advised to buy and hold oil and high-dividend stocks as well as securities related to domestic consumption to avoid fluctuations from negative global factors such as the Israel-Hamas war, according to analysts.
Stocks related to oil, domestic consumption and those that offer high dividends are recommended as buys because the Middle East conflict should have a positive effect on them, while the conflagration could spread to other parts of the world as allies take sides, said brokerages.
While the duration and intensity of the war are unknown, high oil prices are expected to put pressure on corporate costs, said analysts. However, some types of stocks are less affected by external factors, or…
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