The Globe and Mail reports in its Saturday edition that while broader global markets were down last week, analysts and money managers believe some stocks and sectors will outperform this trade war and the economic fallout that is expected to follow. The Globe's Brenda Bouw says that Rebecca Teltscher, portfolio manager at Newhaven Asset Management in Toronto, says investors should be wary of consumer discretionary brands such as fashion retailers Aritzia, Lululemon athletica and Roots. All three are facing two major headwinds: tariffs and an expected slowdown in consumer spending. "When consumers are worried about the economy or their job, they stop spending," Ms. Teltscher says. Consumer staples, including grocery chains such as Loblaw, which includes the No Name and Shoppers Drug Mart brands, as well as discount retailer Dollarama, could do better in this economic environment, but tariffs and higher costs could cause consumers to spend less and put pressure on margins. Stifel analyst Martin Landry noted this week that Dollarama's recent guidance reflects a slow start to the year "as well as a frugal consumer, even in the value channel." Gold, however, will remain an investor favourite amid economic turmoil.