With “rest of world” outperforming US equity markets so far in 2017, and the US Dollar index fading since it peaked on 12/28/16, it should come as no surprise that US companies that generate a large portion of their revenues outside of the US are outperforming their domestic counterparts.

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Using our Interactive International Revenues Database, which allows subscribers to pull up the international and domestic revenue exposure for any stock in the Russell 1,000 or S&P 500, we calculated the median performance of stocks based on revenue exposure levels since the US Dollar’s peak on 12/28.  The results are shown in the chart below.

The median % change for all stocks in the Russell 1,000 since 12/28 is +6.09%.  But stocks that generate more than 80% of their revenues internationally (outside of the US) have seen a median gain of 16%.  On the flip side, stocks that generate 80%+ of their revenues domestically are up just 3.44%.  That’s a huge difference in performance versus the benchmark.  One group has outperformed by more than 10 percentage points (the “Internationals”), while the other group has underperformed by half.

Start a no-obligation 14-day free trial to Bespoke Institutional to use our International Revenues Database now.

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