Drenched in Lovely Domestic Sales

From the beginning of this earnings season, one of the most prevalent trends has been the incidence of disappointing results from just about any company that gets a good portion of their sales overseas. Whether it's because of lower-than-expected sales, negative foreign-exchange impacts from the free falling Japanese yen or other currency hits -- such as the devaluation of the Venezuelan bolivar -- firms that rely on foreign-based operations have not delivered as expected.

This trend has impacted well-known American multinationals, such as General Electric (GE), IBM (IBM), Procter & Gamble (PG) and a slew of others. It is also one of the primary reasons that, for the first time since the second quarter of 2009, the average quarterly revenue figure for S&P 500 companies is on track to be either flat or slightly down vs. the prior year. Meanwhile, at this point Europe is likely to be in a contraction or see low growth for years to come; more central-bank easing is probable in Japan; and a China slowdown is possible, so this sales trend overseas is likely to run for at least another quarter, if not more....451 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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