3 U.S. Onshoring Stocks Retail Investors May Want On Their Watchlist

Tariffs, export controls and new supply chain rules are quietly reshaping where products are built and which U.S. listed stocks feel the pressure or the tailwind. This shift creates a fork in the road for investors who care about onshoring and want to avoid getting caught on the wrong side of rising trade costs. This article walks through three stocks exposed to these policy moves and how each might fit into your Watchlist.

The three stocks that follow are just a starter pack, while the full screen surfaced 66 more U.S. listed manufacturers and supply chain players with equally compelling narratives tied to onshoring. To really identify and analyze the highest conviction reshoring plays for your Watchlist, head straight into the U.S. Onshoring and Domestic Manufacturing Beneficiaries screener.

Sterling Infrastructure (STRL)

Sterling Infrastructure taps directly into the onshoring theme by building the e-infrastructure, transport links and concrete foundations that U.S. manufacturers, data centers and industrial campuses need as they shift production and logistics closer to home.

Sterling Infrastructure generates most of its revenue from e-Infrastructure Solutions at about US$3.3b, with Transportation Solutions around US$607 million and Building Solutions about US$379 million, all in the U.S., and the business has an equity value near US$10.6b.

Investors tracking reshoring trends may see Sterling as a pure U.S. infrastructure play that sits where policy, construction spending and mission-critical capacity plans intersect.

"Sterling Infrastructure’s multi year pool of signed backlog and high probability future phase work now exceeds US$7b, heavily weighted to mission critical data center and semiconductor projects. This could continue to support revenue growth and earnings visibility if awards convert into execution as planned."

What ultimately matters is how resilient that future workload stays if a single pressure point begins to squeeze project-level profitability.

If that pressure point is what you care about, read the full narrative for Sterling Infrastructure to see how backlog strength, project mix and capital needs intersect.

Cohu (COHU)

Cohu is a pure play on semiconductor testing, sitting in the capital equipment stream that supports onshoring as chip assembly and packaging move closer to U.S. customers and their suppliers.

Cohu provides test and inspection gear, handlers, contactors and analytics software for chip makers worldwide, generating about US$569 million from Semiconductor Test & Inspection and carrying a market value near US$2.4b.

Cohu ties into the onshoring theme because its semiconductor test equipment is a key piece of manufacturing capacity that needs to be in place when new fabs and outsourced assembly plants localize production closer to end demand.

"Increasing semiconductor content in electric vehicles and expansion of edge computing/AI-driven devices are driving higher system orders and utilization rates across automotive and mobile end-markets, which is expected to fuel Cohu's revenue growth and support a steady recovery trajectory into 2026."

What matters next is how one underappreciated shift in where and how that testing work is done feeds through to pricing power and margins.

That shift in how and where testing gets done is exactly what the full narrative for Cohu unpacks, including how Cohu could convert reshoring into accelerating earnings power.

KLA (KLAC)

KLA Corporation is a key process control supplier for chip manufacturing, an essential link in the onshoring theme as new U.S. fabs need tight defect inspection and metrology. The group generated about US$13.1b from Semiconductor Process Control, US$804 million from PCB and Component Inspection, and US$604 million from Specialty Semiconductor Process, with a market value near US$205.8b.

For investors focused on U.S. manufacturing resilience, KLA ties the onshoring story directly to the inspection and metrology tools that keep advanced fabs running efficiently and make AI era chip production possible.

"Rising AI infrastructure and high bandwidth memory investment is lifting wafer equipment demand, and KLA’s backlog of around US$12.5b with lead times that extend into 2027 and 2028 supports multi year visibility that can translate into higher revenue and earnings quality."

What matters now is how one less visible pressure on profitability shapes that attractive backlog into either durable margins or a tougher trade off on growth.

To see how that margin squeeze risk stacks up against the backlog story, read the full narrative for KLA and spot where KLA’s earnings power could be decoupling.

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