Nvidia, others can benefit from falling dollar, Barron’s says

The U.S. dollar has been dropping-and that’s good news for the stock market and companies that get a large chunk of their sales from overseas, Jacob Sonenshine writes in this week’s edition of Barron’s. There’s more room for the dollar to fall, which would be good news for the stock market. Caterpillar (CAT), Nvidia (NVDA), and Micron Technology (MU), which get at least half their sales from overseas, have been rising as the dollar has dropped, the author notes. Investors looking for less volatile beneficiaries of a falling dollar could consider Philip Morris (PM), which gets all its sales outside the U.S., and Estee Lauder (EL), which gets 80%, Sonenshine writes. Reference Link