US-Israel-Iran war: 11 stocks that may face strong headwinds; and 11 that could see fresh tailwinds emerge

Trouble in the Middle East was expected as the US had been building up its presence in the Gulf. But the fact that it came unannounced on a weekend could cause a sharp reaction when the market opens on Monday. Yes, there will be some sectors where businesses will be hit. But for others the hit will be due to market sentiment more than anything else. Also, one must differentiate between the first-level impact on the business and the second level of impact. Investors who understand the transmission mechanisms, distinguish between temporary panic and structural damage, and act with discipline rather than emotion stand to benefit.