Tariffs are supposed to temper margins and earnings prospects outside the United States. With the energy sector significantly compressed by low crude oil prices, this double headwind doesn’t bode well for stocks exposed to this space, especially overseas companies. However, this environment can create an investment opportunity in stocks that are less dependent on U.S. imports.
One of these names is Canadian Energy player Suncor Energy Inc. (NYSE: SU). While most of its peers are trading well below their peaks, this company has managed to rise and hover around 95% of its 52-week highs, signaling strong investor conviction backed by a sound financial foundation.
