With tariffs rolled out, invest in these 4 services industries set to get a boost: Morgan Stanley [Yahoo! Finance]
NIPPON YUSEN KBSHKI S/ADR (NPNYY)
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Source: Yahoo! Finance
3 min read FILE PHOTO: Shipping containers are pictured stacked on a ship docked at Yusen Terminals at the Port of Los Angeles Reuters Morgan Stanley advises shifting to services stocks amid tariff concerns. Services sectors Wilson highlighted include software, financials, consumer services, and media. Trump announced 25% tariffs imposed on Canada, and 10% tariffs on China. Worried about tariffs hurting your stock portfolio? There's an easy fix, Morgan Stanley says: Just lean away from industries that rely on importing goods. In a client note on Monday morning, Mike Wilson , the bank's chief investment officer and top US equity strategist, said that his team is partial to services-oriented areas of the market. "Tariffs reinforce our preference for servic
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