A weak dollar is boosting firms with high overseas sales. Goldman Sachs shares 13 stocks to take advantage of the trend.

Currency exchange in Istanbul, Turkey.
A currency exchange shop in Istanbul, Turkey.
  • A Goldman Sachs report shows firms with global sales are benefitting from teh US dollar decline.
  • Trump's tariffs have weakened the US dollar, boosting foreign currency earnings for firms.
  • Internationally-exposed companies outperform domestic-focused ones 11% to 4%, respectively.

As President Donald Trump ramps up his global trade war, one might think that American companies that do ost of their business in the US would be the top beneficiaries, but a recent Goldman Sachs report reveals it's just the opposite.

Thanks to the falling value of the US dollar relative to other major currencies due to Trump's tariffs, companies that do most of their sales outside of the US are getting a major boost. That's because when they sell their products in exchange for a foreign currency, that money is now worth more in dollar terms. Year-to-date, the US dollar index is down almost 9%.

The impact on stock prices has been noticeable, Goldman found. So far this year, its basket of stocks with high international sales is outperforming its group with high domestic sales 11% to 4%, respectively.

The basket of 50 internationally-exposed companies has a median share of overseas sales of 70%. The list has stocks from all 11 market sectors, though it's most heavily weighted toward information technology, which has 17 stocks.

Below, we've compiled the 13 firms on the list that have at least 80% of their sales coming from other countries. Their sectors, total sales, and share of overseas sales are also included.

Las Vegas Sands
lvs

Ticker: LVS

Sector: Consumer discretionary

Sales: $11.2 billion

Non-US sales: 100%

Booking Holdings
bkng

Ticker: BKNG

Sector: Consumer discretionary

Sales: $23.7 billion

Non-US sales: 90%

Philip Morris
pm

Ticker: PM

Sector: Consumer staples

Sales: $37.8 billion

Non-US sales: 100%

Schlumberger
slb

Ticker: SLB

Sector: Energy

Sales: $36 billion

Non-US sales: 85%

Monolithic Power Systems
mpwr

Ticker: MPWR

Sector: Information technology

Sales: $2.2 billion

Non-US sales: 97%

Lam Research
LRCX

Ticker: LRCX

Sector: Information technology

Sales: $14.9 billion

Non-US sales: 93%

NXP Semiconductors
nxpi

Ticker: LRCX

Sector: Information technology

Sales: $14.9 billion

Non-US sales: 93%

KLA
klac

Ticker: KLAC

Sector: Information technology

Sales: $9.8 billion

Non-US sales: 89%

Teradyne
ter

Ticker: TER

Sector: Information technology

Sales: $2.8 billion

Non-US sales: 87%

Applied Materials
AMAT

Ticker: AMAT

Sector: Information technology

Sales: $27.1 billion

Non-US sales: 86%

Jabil
jbl

Ticker: JBL

Sector: Information technology

Sales: $28.8 billion

Non-US sales: 83%

ON Semiconductor
on

Ticker: ON

Sector: Information technology

Sales: $7 billion

Non-US sales: 82%

Newmont
nem

Ticker: NEM

Sector: Materials

Sales: $18.6 billion

Non-US sales: 100%

Read the original article on Business Insider


Contributer : Business Insider https://ift.tt/uIWSthJ
A weak dollar is boosting firms with high overseas sales. Goldman Sachs shares 13 stocks to take advantage of the trend. A weak dollar is boosting firms with high overseas sales. Goldman Sachs shares 13 stocks to take advantage of the trend. Reviewed by mimisabreena on Thursday, July 17, 2025 Rating: 5

No comments:

Sponsor

Powered by Blogger.