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Conflict playbook: How investors can protect their portfolios if Russia were to invade Ukraine

Russian President Vladimir Putin speaks during a news conference following talks with Hungarian Prime Minister Viktor Orban in Moscow, Russia February 1, 2022.
Yuri Kochetkov | Reuters

Stocks suffered a late-day slump Friday, as investors reacted to headlines regarding the escalating tensions between Russia and Ukraine, which ultimately spurred a rally in the oil market.

For investors looking to protect their portfolios from the potential conflict, CNBC Pro dug into the Wall Street research and found equities to avoid — and some that could get a lift — if Russia invades Ukraine.

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