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Wednesday
Jan092013

Internationals Continue to Outperform the Domestics

Stocks in the US have played pretty nice catch-up with the rest of the world over the last two weeks, but it has been the US stocks with heavy international exposure that have been leading the charge higher.  Using our International Revenues Database, available to all Bespoke Premium annual subscribers, we found the S&P 500 stocks that generate at least 50% of their revenues outside of the US (the Internationals) as well as the S&P 500 stocks that generate all of their revenues inside of the US (the Domestics).  We then calculated the average year-to-date performance of both of these groups.

As shown below, the "Internationals" have gained an average of 3.17% so far in 2013, while the "Domestics" have only gained an average of 1.32%.  While the market has gotten off to a great start to the year, the stocks with all US exposure have underperformed.  This continues a trend that we saw in the fourth quarter of 2012 as well.