S&P Stocks With High Levels of European Exposure (PM, GILD, MCD...)

In light of the continued Eurozone contagion issues, Olympia Capital put out a handy list of S&P 100 companies will significant European exposure:

European Risk Analysis: Companies with Significant Exposure

With European equity markets breaking down and the euro sinking further, we felt it timely to look at those companies most exposed. Overnight in Asia, the trend was notable with major exporters to Europe suffering significant share declines. The concerns of a debt contagion and currency appreciation are being felt in Asian markets. We expect market participants will start to scrutinized investments heavily weighted in Europe as debt concerns rise and economic growth slows. As such, we took a closer look at companies within the S&P 100 with significant exposure. Many companies do not break out Europe specifically, instead choosing to loop the region in with the Middle East and Africa. The list below is as a percentage of total revenues using 10k filings.

We hope you find this analysis helpful to your business. Any questions please ask.

Greater than 30% -

• Philip Morris (NYSE: PM) 46% (EU alone)
  
• Gilead Sciences (Nasdaq: GILD) 42.5%
  
• McDonalds (NYSE: MCD) 41.0%
  
• Dow Chemical (NYSE: DOW) 33.6%
  
• Baxter Intl (NYSE: BAX) 33.3%
  
• HJ Heinz (NYSE: HNZ) 33.6%
  
• Xerox (NYSE: XRX) 32.8%
  
• NewsCorp (NYSE: NWS.A) 31%
  
• NYSE Euronext (NYSE: NYX) 30.7%

Greater than 20% -

• Mastercard (NYSE: MA) 29.5% (gross dollar rev)
  
• Pfizer (NYSE: PFE) 29.1%
  
• Nike (NYSE: NKE) 28.8%
  
• Ford (NYSE: F) 27.9% (auto sales)
  
• Alcoa (NYSE: AA) 27.6%
  
• Apple (Nasdaq: AAPL) 27.5%
  
• Exxon (NYSE: XOM) 26%
  
• 3M (NYSE: MMM) 25.8%
  
• J&J (NYSE: JNJ) 25.7%
  
• Honeywell (NYSE: HON) 24.7%
  
• Medtronic (MDT) 24.4%
  
• GE (NYSE: GE) 23.5%
  
• Abbott Labs (NYSE: ABT) 23.3%
  
• United Technologies (NYSE: UTX) 23.1%
  
• Kraft (NYSE: KFT) 21.7%
  
• Cisco (Nasdaq: CSCO) 21.3%
  
• Procter & Gamble (NYSE: PG) 21%

Greater than 10% -

• Walt Disney (NYSE: DIS) 16.6%
  
• PepsiCo (NYSE: PEP) 16%
  
• Intel (Nasdaq: INTC) 15%
  
• Monsanto (NYSE: MON) 15%
  
• Coke (NYSE: KO) 13.9%
  
• Texas Instruments (NYSE: TXN) 13.5%
  
• Lockheed Martin (NYSE: LMT) 13.0%
  
• American Express (NYSE: AXP) 12.9% (net of interest exp and pretax income)
  
• UPS (NYSE: UPS) 12% (approx est.)
  
• Boeing (NYSE: BA) 11.0%
  
• Campbell Soup (NYSE: CPB) 10.8%.

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