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The Russell 2000 is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential. However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.

Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. Luckily for them, the market seems to believe there is still more growth ahead. This assumption has enabled the industry to fair a bit better than the broader market recently as it has recorded a loss of 5.3% over the past six months versus a 8.1% decline for the S&P 500.

By breaking down physical barriers, consumer internet businesses are reshaping how people shop, connect, learn, and play. These themes have enabled the industry to hold up better than other pockets of the market - over the past six months, the sector’s 5.4% pull back was relatively better than the S&P 500’s 8.2% decline.

The hunt for cheap stocks begins.

WASHINGTON (Reuters) -The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. The Labor Department's closely watched employment report on Friday suggested steady momentum in the economy before the Trump administration's reciprocal duties announced this week, which unleashed threats of retaliation and rattled global financial markets. "This is a drop of good news in a sea of uncertainty, a footnote given the barrage of activities this week," said Olu Sonola, head of U.S. economic research at Fitch Ratings.

China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. U.S. President Donald Trump on Wednesday announced 34% duties on imports from China along with a 10% baseline tariff on most goods flowing into the U.S., triggering a massive market meltdown on Thursday. Shares of Tesla and Apple - among companies with a large exposure to China - were down 8% and 4%, respectively.

Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.