Stocks' World of Hurt: China to the Caymans
Nearly 200 companies have reported earnings overnight and Thursday. Within that pack, it seems there's a disproportionate number of non-U.S. companies. In fact, by my calculations, there are 19 stocks from 11 different countries in my personal daily news mix...
...but even more interesting and telling is that only two of them are trading higher. And it's a diverse group too, with eight of the 10 sectors represented, excluding only utilities and telecoms.
Before you write them off -- together they have a combined market value of $240 billion. That's bigger than every U.S. company except Exxon. Six are from Canada, four from Switzerland with one company each from China, India, Taiwan, Germany, Ireland, Netherlands, Mexico, Bermuda and the Cayman Islands.
WORLD OF HURT, BY THE NUMBERS:
(Within Thursday's earnings reports)
19 Stocks, 11 Countries
- $242 Billion of Combined Market Cap
- Only 2 Are Trading Up: Bermuda's PartnerRE and Switzerland's Syngenta
Teck Cominco (Canada)
Coca-Cola FEMSA S.A.B de CV (Mexico)