These 10 Stocks Went Bulletproof

7. Bath & Body Works, Inc. (NYSE:BBWI)

Bath & Body Works jumped by 7.31 percent on Tuesday to close at $32.15 apiece as investor sentiment was largely fueled by the improving trade relations between the US and its key trading partners.

On Tuesday, Bloomberg reported that the European Union was open to accepting President Donald Trump’s trade arrangement as the two parties scramble to reach an agreement by the July 9 deadline, although it wants the US to lower tariffs on critical industries such as automotive, steel, and aluminum.

The trade negotiations followed the US’s trade deals with the UK and China earlier last month, sparking hopes for broader global trade stability.

The development spilled over to companies with high exposure to international trade, such as Bath & Body Works, Inc. (NYSE:BBWI), as improving trade relations sparked confidence for their future growth.

It can be recalled that Bath & Body Works, Inc. (NYSE:BBWI) previously lowered its annual sales forecast below expectations amid uncertainties in consumer spending due to the global trade tensions. While the majority of its products are produced in the US, it sources components from other countries.