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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I want to crush the market
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s what a falling U.S. dollar means for the stock marketBarring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts say. Yes, but stock prices are measured in dollars.
Source: MarketWatch - 🏆 3. / 97 Read more »
Family Dollar murders: Gunman kills two in North Carolina parking lot - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😡😡😡 Blame democrats Jesus. Thanks for the uplifting 'Business Insider' news.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why I bought life insurance when I already had coverage from work - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. In your 20’s buy $1m of 30-40 year term. Make sure your unborn kids have an opportunity for college.
Source: BusinessInsider - 🏆 729. / 51 Read more »
16 founder-led companies cashing in on the work-from-home economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Morgan Stanley double-upgrades Biogen and says the stock can surge another 30% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here's how the stock market's fear gauge can signal whether a bubble is forming - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »