Summary

Because the Trump administration executes its plan to impose tariffs on certain countries and specific industries and goods, financial markets have responded with volatility. Among the many uncertainty, and with other aspects also impacting stock indices, the S&P 500 is down 4% yr thus far. The longer-term impact on corporate America, consumers, and the general economy shouldn’t be yet clear. Markets have proven over time that they do not like uncertainty. Firms reporting at the tip of the present earnings cycle have had more time to evaluate the potential impact of tariffs, and a few have added line items to account for possible related pressure on profits. As we see it, one investing strategy is to avoid the entire headwind by turning to industries that we expect are relatively resistant to trade-talk risk. These include groups which are more focused on domestic markets, reminiscent of certain utilities, regional banks, restaurants, retailers, and stock exchanges (which should profit from increased trading activity). Up on the sector level, we consider that Healthcare corporations are well shielded. For this week’s list, we highlight Healthcare corporations that ought to feel little or no impact from tariffs and certain are secure havens from the potential imposition of tariffs on imports. These businesses focus totally on the U.S. market and have solid growth profiles a