Reported 1 day ago
A recent Goldman Sachs report indicates that companies with significant international sales are thriving due to the weakening US dollar, largely influenced by President Trump's tariffs. Firms that primarily operate overseas are outperforming those focused domestically, with a notable 11% increase in stock performance compared to 4%. Goldman Sachs has identified 13 stocks, including Las Vegas Sands and Booking Holdings, which derive at least 80% of their sales from foreign markets, benefiting from the dollar's decline as it enhances their earnings in USD terms.
Source: YAHOO