LVS - As China slowdown continues here are the U.S. stocks with the most exposure
2023-07-06 06:25:12 ET
The China economic slowdown is becoming an increasing concern for money managers.
A recent Bloomberg survey of 17 strategists and fund managers saw lower expectations of gains in Asian equities due to worries about China's economic outlook, along with fading chances of looser monetary policy.
In its global exposure guide, Morgan Stanley listed the companies with the most revenue exposure to China.
The U.S. companies with the most exposure are:
- Wynn Resorts ( NASDAQ: WYNN ), 76% of 2023 estimated revenue exposure to China
- Las Vegas Sands ( LVS ), 62%
- Nvidia ( NVDA ), 45%
- Coherent ( COHR ), 45%
- Silicon Labs ( SLAB ), 40%
- AMD ( AMD ), 39%
- Qualcomm ( QCOM ), 35%
- Wolfspeed ( WOLF ), 34%
- Expeditors International of Washington ( EXPD ), 31%
- Applied Materials ( AMAT ), 30%
- Microchip Technology ( MCHP ), 30%
- Albemarle ( ALB ), 29%
- Corning ( GLW ), 27%
- Lam Research ( LRCX ), 26%
- Skyworks Solutions ( SWKS ), 25%
More on China's slowdown
- China-U.S. Chip War Heats Up
- China services PMI hits 5-month low
- China's Economic Slowdown: A Wake-Up Call For The U.S. Economy
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As China slowdown continues here are the U.S. stocks with the most exposure