That trend is expected to continue over the next 12 months, when it is set to weaken another 5%, according to Goldman Sachs estimates.
Accordingly, investors should start shifting their portfolios toward international-facing companies, which will benefit from more attractive prices for foreign buyers and favorable conversion rates, the investment bank said in a recent note. "When the USD weakens, investors should favor firms with a larger share of revenues generated abroad," said David Kostin, the chief US equity strategist at Goldman Sachs, in the note. "The median stock in our sector-neutral basket of S&P 500 firms with the highest international sales exposure derives 70% of sales from abroad."
Kostin has laid out S&P 500 companies that are well-positioned to profit from a weaker greenback. The 26 below earn at least 70% of their sales abroad, placing them at or above the median. They are listed in ascending order of their share of non-US sales.
I want to crush the market
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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