The Federal Reserve this week decided to keep interest rates unchanged, causing Donald Trump to lash out at the Fed chief. Jerome Powell seemed satisfied with the current state of the economy and the job market. What he did not like was the high uncertainty prevailing in the market.
There’s a good reason why the uncertainty is causing problems for the Fed. It can’t reliably predict the future path of the economy if it doesn’t know what data to put in its models. This is pretty much the same problem that stock analysts have. With tariffs causing problems for American businesses, many investors are seeing their portfolios shrink.
In such a scenario, we decided to look at stocks that are largely protected from both tariffs and interest rates. This ‘protection’ comes from the fact that their bull thesis is unlikely to be impacted by either of these factors.
To come up with the list of stocks protected from tariffs and interest rates, we looked at the recently released list of Goldman Sachs’ top stocks with micro-driven volatility.
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10. First Solar, Inc. (NASDAQ:FSLR)
First Solar, Inc. operates as a solar technology company that offers photovoltaic (PV) solar energy solutions. The company provides its products and services to operators and developers of commercial and industrial companies, utilities, systems, independent power producers, and other system owners.
The company was recently upgraded by Mizuho from Neutral to Outperform with a raised price target of $259 from $218. This upgrade was due to the analysts expecting significant sales growth after 2026 and enhanced competitiveness in the U.S. According to the Mizuho analyst, the company’s advanced TOPCon technology helps it stay ahead of competitors using inefficient and older PERC cells.
FSLR reached an all-time high of $307 in 2024 but suffered a 45.94% loss in share price after that. The company maintained its revenue growth over the past few years with an average increase of 29.03%. In addition to the revenue, it also improved its net margins. Looking ahead into 2025, the company’s management expects better sales and earnings than previously anticipated along with easing off of warranty concerns related to its recent models.
9. Axon Enterprise, Inc. (NASDAQ:AXON)
Axon Enterprise, Inc. is a manufacturer, developer, and supplier of conducted energy devices (CEDs). The company operates in TASER and Software and Sensors segments. It also provides cloud-based software and hardware solutions.
The company reported strong financial results for the third quarter of 2024 with a 32% YoY increase in revenue. It expects about 30% YoY revenue growth in Q4 and EBITDA margins are predicted to be 24.6%. To achieve its growth goals the firm is focused on expansion through continued launch of new products. These newly launched products and services will help the company to maintain its long-term revenue growth.
International expansion is also a key driver of Axon’s growth and its strong brand image and early market presence puts it in a great position to expand globally. It has recently entered into a contract with the Canadian Police (“RCMP”) to provide 10,000 Axon Body 4 cameras. Looking at the growth prospects of the company the recent downturn in the stock price presents an attractive investment opportunity for investors.
