Large and Globalized

In our last post, we highlighted the best and worst performing Russell 3,000 stocks since the market peaked on October 9th. We broke the stocks into deciles based on their market caps to see how companies have performed based on their size. As shown below, the decile of stocks in the index with the largest market caps is down just 10.93% since 10/9, while the decile of the smallest stocks is down the most at -19.96%. As markets decline, investors definitely gravitate more towards the established large cap names.

We also took the stocks in the Bespoke International Revenues Database to see how stocks have performed based on the amount of sales they receive outside of the US. Many investors are looking for companies with large global exposure as sales in the US slow. As shown below, the stocks with more than 50% of revenues coming from outside of the US have held up better than stocks with no international revenue exposure since the market peaked. For investors that want to find the stocks with the most or least amount of international revenue exposure, the database is available to all yearly Bespoke Premium subscribers.