Which stocks will benefit from duty elimination: Wells Fargo's picks ahead of the Supreme Court decision
The bank made up a whole basket of papers as early as 2025
Wells Fargo named the companies that will benefit from duty elimination before the U.S. Supreme Court ruling / Photo: supremecourt.gov
The elimination of U.S. trade duties could support a number of consumer and industrial companies whose costs have been under pressure from trade restrictions. This was the forecast given by Wells Fargo in January 2026, when a Supreme Court ruling on President Donald Trump's import duties was expected. That decision was not finally published until March 20: the court ruled the duties illegal.
If duties are lifted, the U.S. administration may focus on quickly reinstating them on China and strategic sectors, but may sacrifice import duties on non-strategic sectors, Wells Fargo strategist Osung Kwon predicted in January.
Back in 2025, Wells Fargo compiled a basket of stocks of companies that the bank believes would benefit from the elimination of duties.
Which stocks made the list
1. Amazon
2. Best Buy
3. Caterpillar
4. Church & Dwight Co.
5. Deere & Co.
6. Dollar Tree
7. Five Below
8. Floor & Décor Holdings
9. Fortive Corp.
10. GE HealthCare Technologies
11. Hubbell Inc.
12. Kimberly-Clark Corp.
13. Lennox International
14. Lowe's Companies
15. Lululemon Athletica
16. Masco Corp.
17. NIKE Inc.
18. Omnicell
19. Oshkosh Corp.
20. PACCAR
21. Stanley Black & Decker
22. Tapestry
23. Target
24. Terex Corp.
25. The Gap
26. The Home Depot
27. The Procter & Gamble
28. The Vita Coco Co.
This article was AI-translated and verified by a human editor
