President Trump’s sweeping tariffs may be rattling the markets, but not everyone’s losing sleep. As trade costs rise and imports get pricier, a handful of U.S. companies are in a prime spot to benefit—especially those focused on domestic supply chains or budget-conscious consumers.
Off-Price Giants Like TJX Could Gain Edge
Retailers that thrive on excess inventory are already looking more attractive. TJX Companies (TJX), which owns T.J. Maxx and Marshalls, is one to watch. The company sources less than 10% of its goods from China. That gives it a key advantage now that Trump’s tariffs have pushed total levies on Chinese imports up to 54%. More inventory disruptions could mean more bargain stock for TJX to scoop up—just as shoppers start hunting for lower prices.
Dollar Stores Set to Capture Trade-Down Shoppers
Budget retailers are also well-positioned. In a note obtained by Barron’s, Citi Research upgraded Dollar General (DG) and Dollar Tree (DLTR), saying the chains are “set to outperform” under prolonged tariff pressure. Dollar General’s focus on U.S.-based consumables limits exposure to foreign costs. Dollar Tree, meanwhile, has room to adjust pricing. That flexibility could be critical if inflation flares or supply chains stay messy.
Domestic Manufacturers Could Win—But It’s Complicated
Some U.S. manufacturers may benefit too. Companies making steel and aluminum domestically could see demand rise as import costs surge. Nucor (NUE), one of America’s largest steel producers, has historically gained when tariffs tighten supply from foreign competitors. But this isn’t a free pass. According to an April note from BCG shared with institutional clients, gains in raw materials could be offset by losses in sectors that depend on them. Higher input costs may squeeze margins in automotive, construction, and machinery stocks—even if domestic producers like Nucor temporarily gain ground.
This isn’t a one-size-fits-all moment. Some stocks are getting crushed. Others, like TJX, Dollar General, and certain U.S. steel names, may come out ahead. To stay on top of it, investors can track analyst ratings, insider activity, and real-time price changes using the TipRanks Stocks Comparison tool. Analysts are currently most bullish on TJX, which carries a Strong Buy consensus and nearly 20% upside, and Nucor (NUE), which shows the highest upside potential at over 54%.
