Trump's "Liberation Day" is coming! Goldman Sachs has compiled a list of "wealth codes" to address market volatility.

On the eve of the "Independence Day" declared by President Trump, investors are concerned that a new round of tariffs may trigger a full-blown global trade war. However, Goldman Sachs Group, Inc. has provided a highly anticipated list of stocks of companies that have shown strong resilience during market volatility. Goldman Sachs Group, Inc.'s stock strategist predicts that the market will experience greater volatility and forecasts that the S&P 500 index could fall by 6% to around 5300 points in the next three months, before rebounding to 5900 points in the next 12 months. This means that although there is still a 5% upside compared to current levels, it is still lower than the nearly 6150-point historical intra-day high record set in February this year. Goldman Sachs Group, Inc.'s research team stated that in the midst of market volatility due to trade war news, investors can focus on stocks that have lower correlation with key themes driving recent market volatility. Simply put, those companies that can demonstrate relatively stable performance in times of market turmoil. At the top of this list is the billing software company Amdocs (DOX.US), which has lower sensitivity to the outlook of U.S. economic growth, trade risks, and market disruptions caused by artificial intelligence. In addition, New York TrustCo Bank Corp NY (BK.US), grocery chain Kroger Co. (KR.US), automotive service company Valvoline, Inc. (VVV.US), as well as rating agencies S&P Global, Inc. (SPGI.US) and Moody's Corporation (MCO.US) have also made it to Goldman Sachs Group, Inc.'s "low sensitivity investment portfolio". These companies are less affected by the daily news in the market, making them potential safe havens during turbulent times. It is worth noting that one of the "seven giants", Alphabet Inc. Class C parent company Alphabet (GOOG.US, GOOGL.US), is also included in the list of recommended stocks by Goldman Sachs Group, Inc. Overall, the median total return of these 45 stocks this year reached 1%, compared to the cumulative 5% decline in the S&P 500 index by 2025. In addition, the healthcare industry is a major highlight in this list. It includes medical device giants such as Boston Scientific Corporation (BSX.US), Medtronic Plc (MDT.US), Thermo Fisher Scientific (TMO.US), and Masimo Corporation (MASI.US). Despite concerns about the potential impact of policies by Health and Human Services Secretary Robert F. Kennedy on the vaccine and pharmaceutical industries, healthcare stocks are still considered as steady safe haven assets, as these companies can usually maintain stable profit growth regardless of macroeconomic changes. "Healthcare stocks have strong defensive attributes," said Jim Polk, stock investment director at Homestead Funds. "They are often targets of political attacks, but they still show resilient growth momentum". He personally holds shares in Boston Scientific Corporation and believes that the company will not face the same policy pressures as pharmaceutical companies. In addition to healthcare stocks, the "low sensitivity investment portfolio" by Goldman Sachs Group, Inc. also includes some utility companies such as Pacific Gas and Electric (PCG.US) and CenterPoint Energy, Inc. (CNP.US). These companies typically distribute dividends to investors and are favored by conservative investors seeking stable returns. Pacific Gas and Electric resumed dividend payments at the end of 2023 after a six-year hiatus, while CenterPoint Energy, Inc. currently has a dividend yield close to 2.5%. Joe Rinaldi, president and chief investment officer of Quantum Financial Advisors, stated that the utility sector is one of his favorite investment areas because these stocks typically exhibit resilience during market volatility and provide good dividend returns. "I like the utility sector," Rinaldi said. "Even in low-risk situations, you can still get stable dividend income." He also pointed out that during periods of market instability, the decline in many utility stocks is usually smaller than that of major indices.