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 carmakers and their suppliers. The auto sector is an obvious loser given its focus in U.S. President Donald Trump's tariff war, which in Canada includes auto parts manufacturers such as Martinrea International and Magna International. Algoma Steel Group is also hugely affected by the tariffs on its products used in autos and a range of other products. Algoma stock is down about 30 per cent over the past month. Technology: Technology stocks such as Shopify and some of the Magnificent Seven stocks such as Nvidia and Tesla have taken a big hit in recent weeks. "The technology sector was the hardest hit as they were the highest valued," Ms. Teltscher says. "Growth expectations for these names will need to be adjusted and they probably have much further to fall before they start trading at reasonable valuations again."