Cameron Dawson, Chief Investment Officer at NewEdge Wealth, discusses the market reaction to the prospect of a prolonged war in the Middle East. The war in the Middle East sparked fresh turmoil in global markets as oil smashed through $100 a barrel, spurring losses in stocks and bonds.
The Computer – Micro Computers industry participants like DELL and OSS are benefiting from the strong demand for enterprise devices amid stiff macroeconomic challenges globally.
Northrop Grumman, Home Depot, and McCormick & Company offer attractive risk/reward after significant underperformance versus the AI-driven market. NOC benefits from defense spending tailwinds, a robust order book, and a 1.7% yield, trading at 21x earnings with high-single-digit EPS growth expected. HD trades below its historical average P/E, maintains resilient guidance, and offers a 3.1% yield, with upside potential as housing stabilizes.
GM, STRT, GTX and REVG are all up more than 50% YTD, and still have more upside potential heading into 2026.
