Stocks Hurt by a Strong Dollar
The exporters and multinationals whose overseas revenue shrinks when it is translated back into an expensive dollar.
Updated Rebuilt weeklyAbout this data
405 stocks measured89 under accumulation254 under distribution77 in uptrends
| # | Symbol | Company | Beta | Corr | Mkt cap | Trend | Volume |
|---|---|---|---|---|---|---|---|
| 1 | MT | Arcelor Mittal NY Registry Shares NEW | -4.47 | -0.54 | $48.8B | Pullback | Distributing |
| 2 | RIO | Rio Tinto Plc Common Stock | -2.84 | -0.51 | $154.0B | Pullback | Accumulating |
| 3 | BCH | Banco De Chile ADS | -2.72 | -0.51 | $19.6B | Pullback | Distributing |
| 4 | ING | ING Group, N.V. Common Stock | -3.08 | -0.51 | $95.3B | Pullback | Distributing |
| 5 | SBSW | D/B/A Sibanye-Stillwater Limited ADS | -6.97 | -0.49 | $7.1B | Downtrend | Lean dist. |
| 6 | PKX | POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock) | -4.71 | -0.49 | $17.4B | Downtrend | Accumulating |
| 7 | BHP | BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | -3.07 | -0.49 | $220.3B | Pullback | Accumulating |
| 8 | ETO | Eaton Vance Tax-Advantage Global Dividend Opp Common Stock | -1.75 | -0.48 | $498M | Pullback | Accumulating |
| 9 | VALE | VALE S.A. American Depositary Shares Each Representing one common share | -3.01 | -0.48 | $58.1B | Downtrend | Accumulating |
| 10 | HMY | Harmony Gold Mining Company Limited | -6.50 | -0.47 | $10.5B | Pullback | Distributing |
| 11 | BSAC | Banco Santander - Chile ADS | -2.63 | -0.47 | $15.2B | Pullback | Distributing |
| 12 | B | Barrick Mining Corporation Common Shares | -4.10 | -0.46 | $68.8B | Pullback | Lean dist. |
| 13 | VTMX | Corporacion Inmobiliaria Vesta, S.A.B de C.V. American Depositary Shares, each representing ten (10) Common Shares | -2.78 | -0.46 | $2.9B | Uptrend | Accumulating |
| 14 | AMX | America Movil, S.A.B. de C.V. American Depositary Shares (each representing the right to receive twenty (20) Series B Shares | -2.57 | -0.45 | $64.0B | Downtrend | Distributing |
| 15 | ENIC | Enel Chile S.A. American Depositary Shares (Each representing 50 shares of Common Stock) | -2.56 | -0.45 | $6.2B | Uptrend | Lean dist. |
| 16 | NEM | Newmont | -4.22 | -0.45 | $124.2B | Pullback | Lean dist. |
| 17 | BSBR | Banco Santander Brasil SA American Depositary Shares, each representing one unit | -2.78 | -0.45 | $43.5B | Rally | Neutral |
| 18 | KT | KT Corporation Common Stock | -2.39 | -0.44 | $8.8B | Downtrend | Distributing |
| 19 | DG | Dollar General | -3.75 | -0.44 | $28.1B | Rally | Neutral |
| 20 | CGAU | Centerra Gold Inc. Common Shares | -4.38 | -0.44 | $4.4B | Uptrend | Neutral |
| 21 | SID | Companhia Siderurgica Nacional S.A. Common Stock | -4.92 | -0.44 | $1.7B | Rally | Accumulating |
| 22 | ALV | Autoliv, Inc. Common Stock | -2.50 | -0.43 | $8.0B | Pullback | Distributing |
| 23 | DB | Deutsche Bank AG Common Stock | -3.14 | -0.43 | $63.3B | Pullback | Distributing |
| 24 | ARIS | Aris Mining Corporation Common Shares | -5.32 | -0.43 | $3.6B | Pullback | Distributing |
| 25 | VIV | Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) | -2.78 | -0.43 | $19.5B | Pullback | Neutral |
| 26 | CMCL | Caledonia Mining Plc | -4.93 | -0.43 | $459M | Downtrend | Accumulating |
| 27 | BBVA | Banco Bilbao Vizcaya Argentaria S.A. Common Stock | -2.88 | -0.43 | $144.3B | Pullback | Distributing |
| 28 | PUK | Prudential Public Limited Company Common Stock | -2.61 | -0.43 | $29.8B | Downtrend | Lean dist. |
| 29 | BCX | BlackRock Resources Common Shares of Beneficial Interest | -1.91 | -0.43 | $1.0B | Pullback | Distributing |
| 30 | LTM | LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) | -3.17 | -0.43 | $14.4B | Downtrend | Distributing |
| 31 | ASA | ASA Gold and Precious Metals Limited | -4.02 | -0.43 | $1.1B | Downtrend | Accumulating |
| 32 | AXIA | AXIA Energia American Depositary Shares (Each representing one Common Share) | -3.25 | -0.43 | $23.3B | — | Distributing |
| 33 | KEP | Korea Electric Power Corporation Common Stock | -4.09 | -0.43 | $14.2B | Downtrend | Accumulating |
| 34 | AEM | Agnico Eagle Mines Limited Common Stock | -3.86 | -0.43 | $95.7B | Pullback | Lean dist. |
| 35 | WPM | Wheaton Precious Metals Corp Common Shares (Canada) | -3.86 | -0.43 | $63.0B | Pullback | Distributing |
| 36 | BUD | Anheuser-Busch Inbev SA Sponsored ADR (Belgium) | -2.54 | -0.43 | $152.3B | Pullback | Distributing |
| 37 | SAN | Banco Santander, S.A. Sponsored ADR (Spain) | -2.77 | -0.42 | $198.0B | Pullback | Neutral |
| 38 | LYG | Lloyds Banking Group Plc American Depositary Shares | -2.59 | -0.42 | $78.5B | Pullback | Distributing |
| 39 | ABEV | Ambev S.A. American Depositary Shares (Each representing 1 Common Share) | -2.61 | -0.42 | $49.3B | Rally | Accumulating |
| 40 | CCU | Compania Cervecerias Unidas, S.A. Common Stock | -2.60 | -0.42 | $2.0B | Downtrend | Distributing |
| 41 | AU | AngloGold Ashanti PLC Ordinary Shares | -5.13 | -0.42 | $47.6B | Pullback | Distributing |
| 42 | TLK | PT Telekomunikasi Indonesia, Tbk | -2.61 | -0.42 | $12.6B | Downtrend | Distributing |
| 43 | PPG | PPG Industries | -2.34 | -0.41 | $23.1B | Downtrend | Neutral |
| 44 | ERO | Ero Copper Corp. Common Shares | -4.98 | -0.41 | $3.9B | Uptrend | Distributing |
| 45 | SKM | SK Telecom Co., Ltd. Common Stock | -2.87 | -0.41 | $13.1B | Pullback | Neutral |
| 46 | GAM | General American Investors, Inc. Common Stock | -1.25 | -0.41 | $1.6B | Uptrend | Lean dist. |
| 47 | IAG | Iamgold Corporation Ordinary Shares | -5.48 | -0.41 | $10.9B | Pullback | Distributing |
| 48 | EGO | Eldorado Gold Corporation Ordinary Shares | -4.56 | -0.41 | $9.8B | Pullback | Distributing |
| 49 | BNS | Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | -1.50 | -0.41 | $107.8B | Pullback | Distributing |
| 50 | SHG | Shinhan Financial Group Co Ltd American Depositary Shares | -2.93 | -0.41 | $35.7B | Pullback | Distributing |
| 51 | STNE | Stoneco Ltd Class A | -4.59 | -0.41 | $3.0B | Rally | Accumulating |
| 52 | TFPM | Triple Flag Precious Metals Corp. Common Shares | -3.36 | -0.41 | $6.4B | Downtrend | Lean dist. |
| 53 | TX | Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) | -2.37 | -0.40 | $11.4B | Uptrend | Accumulating |
| 54 | WF | Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of Common Stock) | -2.88 | -0.40 | $17.7B | Pullback | Distributing |
| 55 | FSM | Fortuna Mining Corp. Common Shares | -5.27 | -0.40 | $3.3B | Pullback | Distributing |
| 56 | GLU | Gabelli Global Utility Common Shares of Beneficial Ownership | -1.49 | -0.40 | $105M | Downtrend | Distributing |
| 57 | GAU | Galiano Gold Inc. | -6.22 | -0.40 | $572M | Rally | Accumulating |
| 58 | GFI | Gold Fields Limited American Depositary Shares | -4.76 | -0.40 | $33.0B | Downtrend | Lean dist. |
| 59 | DEO | Diageo plc Common Stock | -2.38 | -0.40 | $48.2B | Pullback | Distributing |
| 60 | SCCO | Southern Copper Corporation Common Stock | -3.58 | -0.40 | $174.6B | Uptrend | Distributing |
| 61 | CHT | Chunghwa Telecom Co., Ltd. | -1.07 | -0.40 | $35.7B | Uptrend | Distributing |
| 62 | KGC | Kinross Gold Corporation Common Stock | -4.17 | -0.40 | $28.2B | Downtrend | Distributing |
| 63 | FCX | Freeport-McMoRan | -3.76 | -0.40 | $105.9B | Uptrend | Distributing |
| 64 | RY | Royal Bank Of Canada Common Stock | -1.37 | -0.39 | $266.7B | Pullback | Distributing |
| 65 | CNL | Collective Mining Ltd. Common Shares | -5.40 | -0.39 | $1.1B | Pullback | Distributing |
| 66 | UBS | UBS Group AG Registered Ordinary Shares | -2.45 | -0.39 | $157.8B | Pullback | Neutral |
| 67 | JBS | JBS N.V. Class A Common Shares | -3.58 | -0.39 | $28.8B | Rally | Accumulating |
| 68 | TGB | Taseko Mines, Ltd. Common Stock | -5.25 | -0.39 | $3.2B | Uptrend | Neutral |
| 69 | SII | Sprott Inc. Common Shares | -3.20 | -0.39 | $3.0B | Downtrend | Distributing |
| 70 | ASM | Avino Silver & Gold Mines Ltd. Common Shares (Canada) | -6.66 | -0.39 | $945M | Downtrend | Lean dist. |
| 71 | PAAS | Pan American Silver Corp. Common Stock | -4.63 | -0.39 | $19.5B | Downtrend | Neutral |
| 72 | MUX | McEwen Inc. Common Stock | -4.71 | -0.39 | $1.1B | Downtrend | Distributing |
| 73 | AGI | Alamos Gold Inc. Class A Common Shares | -3.93 | -0.39 | $13.8B | Downtrend | Lean dist. |
| 74 | STLA | Stellantis N.V. Common Shares | -3.82 | -0.38 | $13.0B | Downtrend | Distributing |
| 75 | TIMB | TIM S.A. American Depositary Shares (Each representing 5 Common Shares) | -2.61 | -0.38 | $8.6B | Downtrend | Distributing |
A strong dollar makes US goods more expensive abroad and shrinks foreign revenue when it is translated home. It is a headwind for any company earning a large share of revenue outside the US.
These companies are hurt by dollar strength — through translation losses on foreign revenue, or by becoming less price-competitive abroad.
Methodology: weekly returns over the past 3 years regressed against weekly moves in the driver. Beta is the measured move per unit driver move; only relationships with |correlation| ≥ 0.25 are shown. Sensitivity is measured, not asserted — a stock appears here because its returns actually co-move with the driver, not because someone believes they should. Trend regime and the institutional volume verdict come from the daily screener pipeline.