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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 SEPTEMBER: ASX pares losses; Santos, Woodside rebound | Australian 10-year bond yields jump to a decade high | ACCC report boosts confidence in Australia’s gas industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 September: ASX to drop as rates mantra rattles global markets | Here are 15 uranium explorers under the $50m market cap mark | Lithium, geothermal energy giant Vulcan eyes expansion with new exploration license |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 SEPTEMBER: ASX drops 90 points, hits 10-week low | Brainchip, Syrah Resources sink after ASX 200 ejection | Beam Communications looks to unlock latent value in ZOLEO JV through arbitration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 September: ASX to open lower | Potential for another rate rise later this year | Dow -0.2% S&P -0.9% Nasdaq -1.5% |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 SEPTEMBER: ASX falls as flurry of rate decisions loom | UK inflation falls, beats expectations | Alderan Resources picks up seven projects in Brazilian lithium hotbed |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 September: ASX to slip, Instacart leaps on debut | Fed outlook in focus | RocketDNA CEO explains why ‘drone-in-a-box’ is a game-changer for the company and drones industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 19 SEPTEMBER: ASX drops, New Hope powers up on profit stand-out | Brent oil rallies above $95 a barrel for the first time since November as Saudi Arabia and Russia curb supplies | Castle Minerals building with high-grade graphite concentrates |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 September: ASX to open lower | US stocks were little changed | Focus on the outlook for interest rates. |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 18 SEPTEMBER: ASX closes lower as tech retreats; Silver Lake sinks on Red 5 stake | Oil pushes closer to $US95 | Venus Metals discovers multiple new lithium zones at Youanmi project |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 SEPTEMBER: ASX pares losses; Santos, Woodside rebound | Australian 10-year bond yields jump to a decade high | ACCC report boosts confidence in Australia’s gas industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 September: ASX to drop as rates mantra rattles global markets | Here are 15 uranium explorers under the $50m market cap mark | Lithium, geothermal energy giant Vulcan eyes expansion with new exploration license |

    Daily Game Plan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 SEPTEMBER: ASX drops 90 points, hits 10-week low | Brainchip, Syrah Resources sink after ASX 200 ejection | Beam Communications looks to unlock latent value in ZOLEO JV through arbitration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 September: ASX to open lower | Potential for another rate rise later this year | Dow -0.2% S&P -0.9% Nasdaq -1.5% |

    Daily Game Plan

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 SEPTEMBER: ASX falls as flurry of rate decisions loom | UK inflation falls, beats expectations | Alderan Resources picks up seven projects in Brazilian lithium hotbed |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 September: ASX to slip, Instacart leaps on debut | Fed outlook in focus | RocketDNA CEO explains why ‘drone-in-a-box’ is a game-changer for the company and drones industry |

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    CME Loses Key Battle in Potentially Costly Trader Lawsuit

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    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

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    CME Group Globex Labor Day Holiday Schedule

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 SEPTEMBER: ASX pares losses; Santos, Woodside rebound | Australian 10-year bond yields jump to a decade high | ACCC report boosts confidence in Australia’s gas industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 September: ASX to drop as rates mantra rattles global markets | Here are 15 uranium explorers under the $50m market cap mark | Lithium, geothermal energy giant Vulcan eyes expansion with new exploration license |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 SEPTEMBER: ASX drops 90 points, hits 10-week low | Brainchip, Syrah Resources sink after ASX 200 ejection | Beam Communications looks to unlock latent value in ZOLEO JV through arbitration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 September: ASX to open lower | Potential for another rate rise later this year | Dow -0.2% S&P -0.9% Nasdaq -1.5% |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 SEPTEMBER: ASX falls as flurry of rate decisions loom | UK inflation falls, beats expectations | Alderan Resources picks up seven projects in Brazilian lithium hotbed |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 September: ASX to slip, Instacart leaps on debut | Fed outlook in focus | RocketDNA CEO explains why ‘drone-in-a-box’ is a game-changer for the company and drones industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 19 SEPTEMBER: ASX drops, New Hope powers up on profit stand-out | Brent oil rallies above $95 a barrel for the first time since November as Saudi Arabia and Russia curb supplies | Castle Minerals building with high-grade graphite concentrates |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 September: ASX to open lower | US stocks were little changed | Focus on the outlook for interest rates. |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 18 SEPTEMBER: ASX closes lower as tech retreats; Silver Lake sinks on Red 5 stake | Oil pushes closer to $US95 | Venus Metals discovers multiple new lithium zones at Youanmi project |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
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    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 SEPTEMBER: ASX pares losses; Santos, Woodside rebound | Australian 10-year bond yields jump to a decade high | ACCC report boosts confidence in Australia’s gas industry |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 September: ASX to drop as rates mantra rattles global markets | Here are 15 uranium explorers under the $50m market cap mark | Lithium, geothermal energy giant Vulcan eyes expansion with new exploration license |

    Daily Game Plan

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 SEPTEMBER: ASX drops 90 points, hits 10-week low | Brainchip, Syrah Resources sink after ASX 200 ejection | Beam Communications looks to unlock latent value in ZOLEO JV through arbitration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 September: ASX to open lower | Potential for another rate rise later this year | Dow -0.2% S&P -0.9% Nasdaq -1.5% |

    Daily Game Plan

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 SEPTEMBER: ASX falls as flurry of rate decisions loom | UK inflation falls, beats expectations | Alderan Resources picks up seven projects in Brazilian lithium hotbed |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 September: ASX to slip, Instacart leaps on debut | Fed outlook in focus | RocketDNA CEO explains why ‘drone-in-a-box’ is a game-changer for the company and drones industry |

    Daily Game Plan

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Need to Know: Buy American has been a better stock-picking strategy than the alternative. Here are the companies most exposed to the U.S. economy.

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June 24, 2022
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Need to Know: Buy American has been a better stock-picking strategy than the alternative. Here are the companies most exposed to the U.S. economy.

MarketWatch


Need to Know



June 24, 2022

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Buy American has been a better stock-picking strategy than the alternative. Here are the companies most exposed to the U.S. economy.



By Steve Goldstein

Critical information for the U.S. trading day


Kena Betancur/Getty Images

Multinational is one thing, but 2022 hasn’t been the year for stocks to have a truly international presence.

According to analysis from Goldman Sachs, S&P 500 companies with high domestic sales exposure have been outperforming stocks with a high international sales by 9 percentage points. Granted, it isn’t a great performance, with the domestic basket losing 15%, but it is better than the 24% slide for international-facing companies.

Part of the reason the domestic companies have fared better is the strengthening of the U.S. dollar. The other major reason is simply the sector breakdown — the sector with the highest percentage of foreign sales is information technology, which has been dragged lower by the surge in interest rates making long-duration assets less attractive.

What the analysis also finds is that just 3% of S&P 500 revenue was explicitly derived from China, which compares to the roughly 18% share of global gross domestic product the country has. Companies do have discretion in how they report international exposure — accounting rules require them to identify any geographic segment contributing at least 10% of sales, and they can choose whether to report by region or country.

The Goldman analysis was done by poring over 10-K filings, and even so, the bank was only able to get revenue, and not profit figures, by country. So for profits, they rely on U.S. government data to show that only 17% of profits are from overseas.

The investment bank has sliced the findings out into different investible baskets. Goldman’s domestic sales basket includes Verizon Communications (VZ), T-Mobile US (TMUS), Target (TGT), Altria (MO), Wells Fargo (WFC), Charles Schwab (SCHW), CVS Health (CVS), Anthem (ANTM), and Intuit (INTU), and its international sales basket includes Alphabet (GOOGL), Meta Platforms (META), Philip Morris International (PM), Exxon Mobil (XOM), Abbott Laboratories (ABT), Caterpillar (CAT), Nvidia (NVDA), Broadcom
(AVGO) and Qualcomm (QCOM).

The buzz

The final reading of the University of Michigan’s consumer sentiment index is due for release on Friday. The preliminary version of the index showed inflation expectations rising. “The preliminary University of Michigan reading — it’s a preliminary reading, it might be revised — nonetheless, it was quite eye-catching, and we noticed that,” Federal Reserve Chair Jerome Powell said at this month’s press conference after hiking rates by 75 basis points.

New-home sales data also are due for release.

The Fed said 33 financial institutions including JPMorgan Chase (JPM), Bank of America (BAC) and Citi (C) passed their annual stress tests. Banks next week will be able to announce their dividend and stock buyback plans. “Clearly, the days of payout ratios greater than 100% are long-gone for most,” said Mark Conrad, portfolio manager at Algebris Investments, who said the regional banks received the stronger grades.

Ukraine ordered forces to retreat from the eastern city of Severodonetsk. President Joe Biden is traveling to Germany for the Group of Seven meeting this weekend, in which energy and the Russia-Ukraine war are expected to be discussed.

Zendesk (ZEN) shares rose 55% in premarket trade, as it is close to a deal to be sold to private-equity firms for about $7 billion, according to The Wall Street Journal.

The U.S. Senate passed a bipartisan gun bill, in the most significant firearms legislation in decades.

The market

U.S. stock futures (ES00)(NQ00) advanced, after gains in three of the last four sessions for the S&P 500 (SPX).

Oil (CL.1) futures rose, the dollar (DXY) fell, and the yield on the 10-year Treasury (BX:TMUBMUSD10Y) was 3.09%.

Top tickers

Here are the most active stock-market tickers as of 6 a.m. Eastern.

Ticker
Security name
GME
GameStop
TSLA
Tesla
AMC
AMC Entertainment
NIO
NIO
AAPL
Apple
TWTR
Twitter
AMZN
Amazon.com
BABA
Alibaba
MULN
Mullen Automotive
BHAT
Blue Hat Interactive Entertainment Technology
Random reads

The most-squeaky clean accounting firms have connections with the mafia, an Italian study finds.

Billionaire Bill Gates has angered the locals by buying 2,100 acres of potato farmland in North Dakota.

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PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

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