We recently published a list of 10 Stocks To Trade Without Tariffs And Interest Rate Fears. In this article, we are going to take a look at where Axon Enterprise, Inc. (NASDAQ:AXON) stands against other stocks to trade without tariffs and interest rate fears.
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.
A technician in a white coat testing an in-car system on a modern military vehicle.
Axon Enterprise, Inc. (NASDAQ:AXON)
Axon Enterprise, Inc. (NASDAQ:AXON) 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.
Axon Enterprise (NASDAQ:AXON) 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 Enterprise (NASDAQ: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.
Overall, AXON ranks 9th on our list of stocks to trade without tariffs and interest rate fears. While we acknowledge the potential of AXON as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as AXON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
