With President Donald Trump’s key tariff announcement looming, Morgan Stanley has ideas for how investors can better position their portfolios. Trump is expected to make major announcements related to trade policy on Wednesday. While the policy has not been officially unveiled as of Tuesday afternoon, the Washington Post reported that the president is considering a roughly 20% tariff on most imports. Uncertainty around the levies has sent markets into a tailspin. The S & P 500 dropped 4.6% in the first three months of 2025, marking its worst quarterly performance since 2022. Given this environment, Morgan Stanley screened for names that can mitigate the impact of tariffs through strategies like pricing power, foreign exchange hedging, stockpiling inventory or altering supply chains. Here’s 10 names the firm found can handle the shift in policy: McDonald’s is one name that made the list. The company is one of the internationally diverse and mainly franchised quick service chains that will be less impacted, given that they have global revenue and local suppliers. Shares of the Chicago-based company have jumped more than 8% in 2025, reversing course after falling in the prior year. The average analyst polled by LSEG has a buy rating and price target implying shares can rise more than 5% over the next year. While Yeti has manufacturing exposure to Mexico, it was still able to make the cut due to its ability to employ pricing power. The outdoor products maker has hit a rough patch, with shares dropping around 13% this year after tumbling more than 25% in 2025. While most Wall Street analysts have a hold, the typical analyst expects a rebound ahead, per LSEG. The average price target suggests more than 31% in upside. Martin Marietta is one industrial name that got a spot on the list. That’s because the firm said it has pricing power, which it called the “easiest and cheapest” way to alleviate tariff pressures. The stock has slid nearly 7% in 2025. Despite that slide, most analysts polled by LSEG have a buy rating and price target projecting more than 28% in upside. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
