Of the 25 companies in the S&P 500 with the most overseas sales, shares of 22 of them are lower in the last one month. Many of the losses are in the double digits.
This earnings season is shaping up to be a clear case of the haves versus the have nots. If companies have high U.S. dollar exposure, their stocks are getting killed. If they don't, this season is shaping up pretty well.
Just on Thursday, Caterpillar
And then McDonald's said
Watch out if you hold shares of the companies below, which have the highest percentage of foreign sales. Many have yet to report earnings.