Fed's no taper policy and its impact on the dollar and U.S. exporters

The announcement on Sept. 18 sent the Dollar Index (DXY) plunging 1.2 percent in less than two hours -- the largest one-day move in 11 weeks. By the end of the session, the DXY violated a two-year trend line which had provided support on four previous occasions.

In order to determine which U.S. companies could potentially benefit most from the falling dollar, we sorted the S&P 500 members by non-U.S. sales as a percent of total sales. Coke bottler Coca-Cola Enterprises and cigarette maker Philip Morris International share first place with 100 percent of sales occurring outside the U.S.

Largest U.S. exporters (non-US sales > 80% total sales):

• CCE 100%
• PM 100%
• TAP 97%
• LRCX 85%
• AVP 85%
• JBL 85%
• MAR 84%
• ALTR 83%
• SNDK 82%
• AMAT 82%

Non-US sales between 70% and 80% of total sales, exporters in alphabetical order:
AES Corp. (AES), Aflac Inc. (AFL), Diamond Offshore Drilling Inc. (DO), Linear Tech Corp. (LLTC), LSI Corp. (LSI), Mead Johnson Nutrition Co. (MJN), Microchip Technonolgy Inc. (MCHP), Mondelez International Inc. (MDLZ), NVIDIA Corp. (NVDA), Western Digital Corp. (WDC).

US exporters win as $ falls (all above tickers in alphabetical order ):
AES AFL ALTR AMAT AVP CCE DO LLTC LRCX JBL MAR PM LSI MJN MCHP MDLZ NVDA SNDK TAP WDC

All charts / today's gains / finviz (opens new window) http://finviz.com/screener.ashx?v=211&ta=0&o=-change&t=AES%20AFL%20ALTR%20AMAT%20AVP%20CCE%20DO%20LLTC%20LRCX%20JBL%20MAR%20PM%20LSI%20MJN%20MCHP%20MDLZ%20NVDA%20SNDK%20TAP%20WDC