Van Reuters (8 april)
VALUE PICKS FOR A RISING DOLLAR WORLD (1112 GMT)
With the rotation into value plays still underway and the U.S. dollar on a recovery path from near one-year lows, stockpickers way well be looking for companies that are positively exposed to both trends.
Citi, who expects the dollar to rise further this year, has done the job by screening out some cheap and un-crowded U.S. and European names that have a significant positive exposure to the greenback.
"Value has become more positively exposed to a stronger US dollar making it the new tailwind, while the impact of interest rates has begun to wane," they say, adding that "a strong US$ is a headwind for Growth and Price Momentum".
Some names?
Sorted by their dollar exposure the top three buy-rated value stocks that aren't very crowded are Syneos Health , Aroundtown and Novartis .
Down in the list to reach position No.10 are Continental and British American Tobacco , DISH Network , Ahold , Deutsche Wohnen and Vodafone and Leg Immobilien .
The influence of the dollar has increased significantly.