The markets have gone mad.
And with no real end in sight to the trade war volatility, investors are left wondering where they should park their cash. While some investors have sought out high-yielding REITs and gold safe havens, some analysts have found stocks that appear immune to the trade war.
Some of those stocks include:
Canada Goose (NYSE:GOOS)
Analysts believe the pullback in GOOS is overdone, and has created a buy opportunity.
In fact, according to DA Davidson, as quoted by CNBC, “As a Canadian based company, GOOS has minimal exposure to U.S. tariffs on its sourcing from China. we estimate that GOOS derives less than 10% of revenues directly from the Chinese consumer, compared to 30%-40% for most luxury goods brands.”
SolarEdge Technologies (NASDAQ:SEDG)
Shares of SolarEdge have not been impacted by tariffs, says JMP Securities. “SEDG’s efforts to shift away from China supply for the U.S. market appear to be working out. It appears that the company has been able to manage its manufacturing ramp and the associated costs and complexity with few problems.”
Akamai Technologies (NASDAQ:AKAM)
AKAM was a “top recession” pick by Piper Jaffray because of its lack of exposure to China.
“AKAM is our top idea for a macro down-turn due to: 1) a strong balance sheet / high-quality name; 2) secular drivers that can override a weakening macro and provide indirect consumer exposure; 3) lack of China exposure; & 4) incumbency. The secular drivers are the key aspect here, as we believe the underlying market dynamics, especially due to OTT, online gaming, and cloud security, will help Akamai’s business hold up better than most in a downturn.”
Instead of worrying about the trade war, find stocks that appear immune.