DataTrek co-founder Nick Colas’ latest quote in MarketWatch:
…..”Within the Dow, the average’s global-focused stocks have lead recent declines. According to DataTrek Research, “international exposure is the common link between most of the big losers: 3M, Caterpillar, Procter & Gamble and Johnson & Johnson.”
“Worth noting: 3M is one of the most international companies in the Dow, with just 39% of revenues coming from domestic sources,” wrote Nicholas Colas, DataTrek’s co-founder. Caterpillar derives 54% of its revenue from outside the U.S., while 55% of P&G’s sales originate outside the U.S. For Johnson & Johnson, 48% of revenue is generated from outside the U.S.
“As for Walmart, although its revenues are still 73% U.S.-based, much of what it sells is obviously made elsewhere,” Colas wrote”…..
Read the full article here on MarketWatch!