One thing that all the great management and product ideas in the world can’t help is currency strength, and for the past year the dollar has marched steadily higher against other foreign currencies. That march has proved to be a big drag on the earnings of some of the top companies in the S&P 500. Fortunately for many, the recent dollar weakness has helped to alleviate some of the headwinds, and while we won’t see the euro at $1.30 to the dollar again any time soon, the current level is helping.
We screened the Merrill Lynch research universe for big multinationals that the firm has rated at Buy and that also could be benefactors in the recent weakness. Obviously energy and materials stocks are doing better, but we looked for blue chip multinationals that pay solid dividends. Let's look closer those firms.
Source: 24/7 Wall St.