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It's hard to avoid exposure to Europe if you're in the stock markets.
UBS's US Equity Strategy team led by Jonathan Golub recently published a list of internationally exposed stockst that should outperform the market during periods of European weakness.
These companies have high foreign sales, and low European sensitivity. Here's how UBS calculates sensitivity: "the percentage of times it has outperformed the market in periods of European strength and the percentage of times it has underperformed the market in periods of European weakness. The sum of these two percentages is the Sensitivity Score."
Note: UBS does not refer to the euro crisis as 'Euro-pocalypse'. They describe this screen as "High Foreign Sales and Low European Sensitivity – Top Stocks by Sector"
Abbott Laboratories
AP
Ticker: ABT
Foreign Sales %: 58.8
European Sensitivity Score: 0.48
Abbot Labs is a Chicago based pharmaceutical company. The company focuses on global pharmaceuticals, nutritional and medical products, as well as diagnostic and cardiovascular devices.
Source: UBS
American Tower Corp
thebusybrainviaFlickr
Ticker: AMT
Foreign Sales %: 26.3
European Sensitivity Score: 0.77
American Tower Corp is a holding company that owns and operates communications sites. It leases space on its towers to a variety of broadcast and wireless providers.
The Chubb Corporation is a holding company that provides various insurance products through its subsidiaries.
Source: UBS
Colgate-Palmolive Co.
Ticker: CL
Foreign Sales %: 78.5
European Sensitivity Score: 0.62
Colgate-Palmolive manufactures a variety 0f consumer products worldwide, including oral care and household cleaning products.
Source: UBS
International Business Machines Corp.
Visitors walk past the IBM logo at the CeBIT Technology Fair in Germany.
Sean Gallup/Getty Images
Ticker: IBM
Foreign Sales %: 65.4
European Sensitivity Score: 0.78
IBM provides IT products and services worldwide, headquartered in Armonk, New York.
Source: UBS
Johnson and Johnson
AP Images
Ticker: JNJ
Foreign Sales %: 55.5
European Sensitivity Score: 0.55
Johnson and Johnson produces various consumer healthcare products and over the counter pharmaceuticals. It is headquartered in New Brunswick, New Jersey.
Source: UBS
McDonald's Corp.
Illustration by Kim Bhasin / Business Insider
Ticker: MCD
Foreign Sales %: 68.4
European Sensitivity Score: 0.55
McDonald's franchises and operates fast food restaurants throughout the world.
