A weak dollar is boosting firms with high overseas sales. Goldman Sachs shares 13 stocks to take advantage of the trend.

A Goldman Sachs report shows firms with global sales are benefitting from teh US dollar decline.
Trump’s tariffs have weakened the US dollar, boosting foreign currency earnings for firms.
Internationally-exposed companies outperform domestic-focused ones 11% to 4%, respectively.

As President Donald Trump ramps up his global trade war, one might think that American companies that do ost of their business in the US would be the top beneficiaries, but a recent Goldman Sachs report reveals it’s just the opposite.

Thanks to the falling value of the US dollar relative to other major currencies due to Trump’s tariffs, companies that do most of their sales outside of the US are getting a major boost. That’s because when they sell their products in exchange for a foreign currency, that money is now worth more in dollar terms. Year-to-date, the US dollar index is down almost 9%.

The impact on stock prices has been noticeable, Goldman found. So far this year, its basket of stocks with high international sales is outperforming its group with high domestic sales 11% to 4%, respectively.

The basket of 50 internationally-exposed companies has a median share of overseas sales of 70%. The list has stocks from all 11 market sectors, though it’s most heavily weighted toward information technology, which has 17 stocks.

Below, we’ve compiled the 13 firms on the list that have at least 80% of their sales coming from other countries. Their sectors, total sales, and share of overseas sales are also included.

Las Vegas Sands