3 Growth Stocks Immune to the U.S.-China Trade War
The trade war between the U.S. and China escalated last week as both countries hiked their tariffs and President Trump ordered U.S. companies to leave China. Shares of companies with high exposure to China, including Apple and U.S. chipmakers, tumbled as those developments cast a dark cloud over the market.
Some investors are considering whether it's time to dump higher-growth tech stocks and buy lower-risk income stocks, bonds, or gold. However, tossing out babies with the bathwater could also cause investors to miss out on some big long-term gains. Today, I'll highlight three growing companies that should remain immune to the U.S.-China trade war: Square (NYSE: SQ), Snap (NYSE: SNAP), and Match Group (NASDAQ: MTCH).
Image source: Getty Images.
Source Fool.com
