David Kostin: Goldman Sachs and u.s

david kostin: As the U.K. pursues its painful divorce from the European Union and Japan struggles to breathe new life into its economy, Goldman Sachs is urging investors to take refuge in S&P 500 SPX, +0.43% companies with minimal exposure to international sales, according to Market Watch. Stocks with the highest U.S. sales should outperform firms with the highest international sales, said David Kostin, chief U.S. strategist at Goldman, in a report distributed late Tuesday. Bet on the U.S. It is still in better shape than the rest of the world, says Goldman Sachs. The strengthening dollar DXY, -0.18% and the resilience of the U.S. economy make domestic-oriented companies much more attractive compared with their counterparts with significant overseas exposure, according to the strategist. U.S.-focused companies are also trading at a relative discount and are likely to see their earnings per share rise 7% versus 5% for foreign-facing firms in 2016. We expect the US dollar will strengthen further and drive outperformance of stocks with high domestic revenues relative to firms with large foreign sales exposure, he said. (news.financializer.com). As reported in the news.