These stocks could benefit from a weaker dollar, portfolio manager says

have the highest exposure to international markets at more than 40% of total revenue.

JC O'Hara, chief market technician at MKM Partners, says that dynamic is already showing up in the stocks' performances. "When you get down to the individual stocks, you want to find those companies who derive a good portion of revenue from overseas," O'Hara told CNBC's" on Wednesday. "Off the March low, we [saw] a basket of S&P 500 stocks with above average revenue from international markets outperform. That basket returned 61%. Now that compares to the S&P, which over that same time period was up 53%."Stocks with a small portion of revenue derived from outside the U.S.

"The moral of the story is, you want to go hunting in a weak dollar environment for those companies that have good foreign earnings," he added. Chad Morganlander, portfolio manager at Washington Crossing Advisors, is looking for opportunity in the industrials space. The

TradingNation

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The stock market thinks Joe Biden is going to beat Donald TrumpA basket of stocks that could fare well in a Biden presidency has been outperforming the overall market and a portfolio of stocks that might benefit from a second Trump term Democrat mandates are better than Republican mandates for the stock (and for America of course). Biden2020 BidenHarris2020
Source: CNN - 🏆 4. / 95 Read more »

Crowdstrike could be the next cloud stock to soar on earnings, say options tradersOptions traders are betting on Crowdstrike to post big earnings gains when the cybersecurity company reports after the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

'High valuations will become a speed limit': A Goldman Sachs portfolio strategist warns the stock market's record-setting August is setting traders up for disappointment | Markets Insider'High valuations will become a speed limit': A Goldman Sachs portfolio strategist warns the stock market's record-setting August is setting traders up for disappointment
Source: BusinessInsider - 🏆 729. / 51 Read more »