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
