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GOLDMAN SACHS: Buying these 13 stocks will help you crush the market as Trump's trade war heats up
GOLDMAN SACHS: Buying these 13 stocks will help you crush the market as Trump's trade war heats up
Joe CiolliAug 31, 2018, 15:34 IST
Getty/Scott Olson
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President Donald Trump has once again upped the stakes of a global-trade showdown with China, which could put pressure on US equities - particularly stocks with high overseas exposure.
Goldman Sachs has identified 13 stocks that should outperform the broader market in the event that trade tensions continue to escalate.
But you don't have to fall victim to any future losses. Armed with the right information, you can invest in stocks that are built to stay insulated from potentially threatening geopolitical headlines.
That means identifying stocks that aren't internationally exposed, and loading up. After all, these types of protectionist behaviors from Trump have boosted the US dollar in the past, which favors more domestically focused companies.
On the flip side, escalating trade tensions hurt multinational companies, since a stronger dollar hurts exports. During times like this, it's best to steer clear of these kinds of firms.
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It's not always easy to identify which stocks fit into these two categories - but luckily, Goldman Sachs is here to help. It maintains an index of companies who get a large percentage of their sales from the US.
Below is a list of 13 domestically dependent stocks, which should theoretically outperform in the event of a prolonged trade staredown. These stocks are listed in no particular order, as all 13 of them get 100% of their sales from within the US.
