The All-Weather Stock list which we launched in late February to find stocks with resilient revenue that could still do well during volatile conditions is working according to plan so far, as markets tumble on a haphazard rollout of tariffs by the Trump administration. We’ll add another member to the list that also looks to be immune from the macroeconomic roller coaster unfolding — which could get worse this week when the reciprocal tariff plan is unveiled. As we wrote at the time, we decided to start with this resilient list because of the following reasons: It’s extremely rare for the S & P 500 to notch a third year in a row of 20% gains. We are due for a period of mild-to-down returns for equities where other kinds of investments besides momentum stocks perform well. The Cboe Volatility Index (VIX) is not matching the reality of the market’s outlook. Fiscal and monetary policies here and abroad that will impact the macroeconomic environment are near high levels of uncertainty. Yet Wall Street’s fear gauge (before the last few days) was mostly trending lower again in 2025. We are due for a volatility spike that typically hits Wall Street every few years. Signs of slowing economic growth are starting to emerge, from Walmart’s poor forecast last week to the recent declines in consumer sentiment surveys. Dividend investing has been completely forgotten over this bull run and is due for a snapback. The S & P 500 fell 4.6% in the first quarter, its worst quarter since 2022. .SPX YTD mountain S & P 500, YTD But most of the All-Weather members are holding up and providing nice returns: Berkshire Hathaway — added for its unmatched cash balance and insurance revenues — is up more than 7% through Monday since it joined. Waste Management is up more than 3% as investors look for recession-resistant businesses. S & P Global , Service Corp. and the VanEck Durable High Dividend ETF are all in the green as well. Just Burford Capital has not performed since being added, down a few pennies. New addition: Amdocs This stock caught our eye after being on top of the Goldman Sachs list of “insensitive” stocks . Amdocs (DOX) is a software company headquartered in Israel with steady telecom companies as its largest customers where it supports billing and digitization of their other legacy systems. Goldman found the stocks with the least correlation to economic and trade policy risk and Amdocs topped the list on its scoring system with the smallest impact. Goldman also looked for stocks with steady earnings and strong expected growth as part of the creation of that list. Amdocs 10-year cash flow growth is amazingly consistent, showing little variability year to year, Goldman found. The research firm expects earnings per share to grow 8% this year and again by 8% next year. The company in its 2024 annual report trumpeted its recurring revenue streams which are based on multi-year contracts with major telecom companies that are consistently renewed. DOX 5Y mountain Amdocs, 5 years The stock pays a 2.3% dividend and has a beta of just 0.57, meaning it moves about half as much as the market on a typical day. Jefferies in February slapped a $105 price target on the shares, which represents about a 14% gain from here. The firm sees a growth opportunity as Amdocs switches more customer data over to the cloud and then layers in artificial intelligence capabilities. Full All-Weather list Here’s the current full list of All-Weather stocks with Amdocs added. Values are updated through Monday’s close. Reminder this is not a portfolio, but a starting point for research by investors with a particular macro or industry view. We’ll be launching more PRO stock lists to give investors with a particular view some tangible strategies to consider. Check back here to view the lists. 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!
