IntermediateMAD Academy0:44Macro

A Currency Move Is an Earnings Move

A large share of index revenue is earned abroad, so the dollar changes reported earnings without anything happening in the business.

0:44 · 6 scenes

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What the Lesson Covers

  1. 0:00The dollar can change reported earnings without the business changing at all.
  2. 0:05The translation. Foreign sales are earned in another currency and converted back at the end.
  3. 0:14Who is exposed. Large multinationals feel it hardest, while firms selling only at home barely notice.
  4. 0:23The scale of it. Roughly two fifths of large-cap US revenue is earned outside the United States.
  5. 0:31The other channel. A strong dollar also tightens conditions abroad, which feeds back into demand.
  6. 0:39Check foreign revenue share before reading a currency headline.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
A Currency Move Is an Earnings Move — MAD Academy Training Video · MadStockAlerts