Technology stocks, consumer cyclicals offer the most opportunities.
The obvious and immediate effects of the invasion could be an acceleration in inflationary pressures, particularly on food and energy costs.
Shipping bottlenecks could drag on into the second half of the year.
Despite the massive disruption, we still see opportunities across some affected sectors.
We may be at the next inflection point for online learning.
Positive sales growth is encouraging, and we reiterate our fair value estimate.