Countries are Vulnerable To a China Slowdown: An Update

Last December I wrote an article about the countries that are vulnerable due to a slowdown in the Chinese economy. The latest edition of Bloomberg BusinessWeek has a short article discussing the same topic:

Click to enlarge

Counrties-Vulnerable-To-China

Source: Bloomberg BusinessWeek

It is interesting that the tiny city state of Singapore appears in the above list. Though the country does not any natural resources that China needs, it is a major manufacturing center for electronic goods. It is also a main trading hub due its port and location.

Performance Comparison of Two Singapore Bank Stocks

Two Singapore banks DBS Group Holdings Ltd and United Overseas Bank Ltd trade on the OTC markets. Here is a chart showing the 5-year and long-term return of these banks:

5-Year Return:

Click to enlarge

Singapore-banks-5-yrs

Long-term Return:

Singapore-banks-Long-Yerm

Source: Yahoo Finance

1.Company: DBS Group Holdings Ltd (DBSDY)
Current Dividend Yield: 3.17%
Market Cap: $34.7 B

2.Company: United Overseas Bank Ltd (UOVEY)
Current Dividend Yield: 3.20%
Market Cap: $27.9 B

While recently DBS has performed well, in the long run United Overseas has performed better.

Disclosure: No Positions

The Largest British Companies By Revenue 2012

The largest British firms by revenues from the Fortune Global 500 list for 2012 are listed below:

Country RankCompanyGlobal RankCityRevenues($ millions)
1BP4London386,463
2HSBC Holdings53London110,141
3Tesco59Cheshunt103,839
4Vodafone Group105Newbury74,051
5Barclays121London68,950
6Lloyds Banking Group131London67,048
7Royal Bank of Scotland Group143Edinburgh62,798
8Aviva148London61,754
9Rio Tinto Group153London60,537
10Prudential162London58,527
11SSE189Perth50,611
12GlaxoSmithKline231Brentford43,907
13Centrica288Windsor36,860
14J. Sainsbury302London35,567
15AstraZeneca331London33,591
16BT Group358London30,734
17Anglo American360London30,580
18Legal & General Group373London29,366
19BAE Systems386London28,624
20Wm. Morrison Supermarkets392Bradford28,276
21Compass Group432Chertsey25,418
22British American Tobacco445London24,688
23Standard Chartered Group448London24,488
24Imperial Tobacco Group452Bristol24,379
25International Airlines Group494Hounslow22,390
26National Grid499London22,067

Source: Fortune Global 500, Fortune

Related ETF:

iShares MSCI United Kingdom ETF  (EWU)

Disclosure: No Positions

A Review of Fortune 500 List for 2013

Last week the Fortune magazine published its Fortune 500 list of companies for this year. The world’s largest retailer Wal-Mart Stores(WMT) topped the ranking with a revenue of over $469.0 billion last year. The next three spots were taken by oil companies – Exxon Mobil(XOM), Chevron (CVX) and Philips 66 (PSX).

The following table shows the full Fortune 500 list for 2013:

RankCompanyRevenues (in $ billion)Profits (in $million)
1Wal-Mart Stores469.216,999
2Exxon Mobil449.944,880
3Chevron233.926,179
4Phillips66169.64,124
5Berkshire Hathaway162.514,824
6Apple156.541,733
7General Motors152.36,188
8General Electric146.913,641
9Valero Energy138.32,083
10Ford Motor134.35,665
11AT&T127.47,264
12Fannie Mae127.217,220
13CVS Caremark123.13,876.90
14McKesson122.71,403
15Hewlett-Packard120.4-12,650
16Verizon Communications115.8875
17UnitedHealth Group110.65,526
18J.P. Morgan Chase & Co.108.221,284
19Cardinal Health107.61,069
20International Business Machines104.516,604
21Bank of America Corp.100.14,188
22Costco Wholesale99.11,709
23Kroger96.81,496.50
24Express Scripts Holding94.41,312.90
25Wells Fargo91.218,897
26Citigroup90.87,541
27Archer Daniels Midland891,223
28Procter & Gamble85.110,756
29Prudential Financial84.8469
30Boeing81.73,900
31Freddie Mac80.610,982
32AmerisourceBergen79.7719
33Marathon Petroleum76.83,389
34Home Depot74.84,535
35Microsoft73.716,978
36Target73.32,999
37Walgreen71.62,127
38American International Group70.13,438
39INTL FCStone69.315
40MetLife68.21,324
41Johnson & Johnson67.210,853
42Caterpillar65.95,681
43PepsiCo65.56,178
44State Farm Insurance Cos.65.33,159.20
45ConocoPhillips63.48,428
46Comcast62.66,203
47WellPoint61.72,655.50
48Pfizer61.214,570
49Amazon.com61.1-39
50United Technologies59.85,130
51Dell56.92,372
52Dow Chemical56.81,182
53United Parcel Service54.1807
54Intel53.311,005
55Google52.210,737
56Lowes50.51,959
57Coca-Cola489,019
58Merck47.36,168
59Lockheed Martin47.22,745
60Cisco Systems46.18,041
61Best Buy45.1-441
62Safeway44.2596.5
63FedEx42.72,032
64Enterprise Products Partners42.62,419.90
65Sysco42.41,121.60
66Walt Disney42.35,682
67Johnson Controls421,226
68Goldman Sachs Group41.77,475
69CHS40.61,260.60
70Abbott Laboratories39.95,962.90
71Sears Holdings39.9-930
72DuPont39.52,788
73Humana39.11,222
74World Fuel Services38.9189.3
75Hess38.42,025
76Ingram Micro37.8305.9
77Plains All American Pipeline37.81,094
78Honeywell International37.72,926
79United Continental Holdings37.2-723
80Oracle37.19,981
81Liberty Mutual Insurance Group36.9829
82HCA Holdings36.81,605
83Delta Air Lines36.71,009
84Aetna36.61,657.90
85Deere36.23,064.70
86Supervalu36.1-1,040
87Sprint Nextel35.3-4,326
88Mondelez International353,028
89New York Life Insurance34.31,333.20
90American Express33.84,482
91News Corp.33.71,179
92Allstate33.32,306
93Tyson Foods33.3583
94Massachusetts Mutual Life Insurance32.91,114.60
95Tesoro32.5743
96Morgan Stanley32.468
97TIAA-CREF32.22,060
98General Dynamics31.5-332
99Philip Morris International31.48,800
100Nationwide30.4748.5
1013M29.94,444
102DirecTV29.72,949
103Cigna29.11,623
104Murphy Oil28.8970.9
105Time Warner28.73,019
106Halliburton28.52,635
107International Paper27.8794
108Publix Super Markets27.71,552.30
109Macys27.71,335
110Fluor27.6456.3
111McDonalds27.65,464.80
112Hartford Financial Services Group26.4-38
113Rite Aid26.1-368.6
114Northwestern Mutual26783
115TJX25.91,906.70
116Travelers Cos.25.72,473
117Avnet25.7567
118Aflac25.42,866
119Tech Data25.4214.6
120Northrop Grumman25.21,978
121AMR24.9-1,876
122Staples24.7-210.7
123Emerson Electric24.51,968
124Raytheon24.41,888
125Occidental Petroleum24.34,598
126Nike24.12,223
127Capital One Financial23.83,517
128Alcoa23.7191
129Exelon23.51,160
130Eli Lilly22.64,088.60
131Xerox22.41,195
132U.S. Bancorp22.25,647
133EMC21.72,732.60
134Time Warner Cable21.42,155
135Baker Hughes21.41,311
136Kimberly-Clark21.11,750
137Goodyear Tire & Rubber21212
138Union Pacific20.93,943
139United Services Automobile Assn.20.72,832.30
140ManpowerGroup20.7197.6
141Arrow Electronics20.4506.3
142PBF Energy20.12
143HollyFrontier20.11,727.20
144National Oilwell Varco202,491
145Duke Energy19.61,768
146Nucor19.4504.6
147United States Steel19.3-124
148Kohls19.3986
149Qualcomm19.16,109
150CenturyLink18.4777
151Kraft Foods Group18.31,642
152Danaher18.32,392.20
153AES18.2-912
154Whirlpool18.1401
155Illinois Tool Works18.12,870
156Freeport-McMoRan Copper & Gold183,041
157Global Partners17.645.5
158Bristol-Myers Squibb17.61,960
159Altria Group17.54,180
160Cummins17.31,645
161Energy Transfer Equity17.3302
162Amgen17.34,345
163Jabil Circuit17.2394.7
164Southwest Airlines17.1421
165Colgate-Palmolive17.12,472
166Progressive17.1902.3
167Apache17.12,001
168Paccar17.11,111.60
169General Mills16.71,567.30
170PNC Financial Services Group16.63,013
171Southern16.52,350
172Medtronic16.53,617
173TRW Automotive Holdings16.41,008
174Marathon Oil16.21,582
175Dollar General16952.7
176Computer Sciences15.9-4,242
177AutoNation15.7316.4
178Icahn Enterprises15.7379
179Gap15.71,135
180Bank of New York Mellon Corp.15.52,445
181FirstEnergy15.3770
182PPG Industries15.2941
183PG&E Corp.15816
184Community Health Systems15265.6
185American Electric Power14.91,259
186CBS14.71,574
187Lear14.61,282.80
188Loews14.6568
189DISH Network14.3636.7
190NextEra Energy14.31,911
191Omnicom Group14.2998.3
192Kellogg14.2961
193Baxter International14.22,326
194Land OLakes14.1240.4
195Coventry Health Care14.1487.1
196eBay14.12,609
197L-3 Communications14.1810
198Viacom13.91,981
199US Airways Group13.8637
200Waste Management13.6817
201Yum Brands13.61,597
202Chubb13.61,545
203Penske Automotive Group13.6185.5
204Toys R Us13.538
205Aramark13.5138.2
206Monsanto13.52,045
207Anadarko Petroleum13.42,391
208Starbucks13.31,383.80
209ConAgra Foods13.3467.9
210Dominion Resources13.2302
211Parker-Hannifin13.11,151.80
212Edison International13.1-183
213Smithfield Foods13.1361.3
214Genuine Parts13648
215J.C. Penney13-985
216Navistar International12.9-3,010
217Dean Foods12.9158.6
218Texas Instruments12.81,759
219Oneok12.7360.6
220Thermo Fisher Scientific12.71,177.90
221Ally Financial12.61,196
222Western Digital12.51,612
223Chesapeake Energy12.3-769
224PPL12.31,526
225Textron12.2589
226Consolidated Edison12.21,138
227Nordstrom12.1735
228Marsh & McLennan11.91,176
229Ecolab11.8703.6
230Marriott International11.8571
231CSX11.81,859
232Whole Foods Market11.7465.6
233EOG Resources11.7570.3
234H.J. Heinz11.6923.2
235Lincoln National11.51,313
236Health Net11.5122.1
237C.H. Robinson Worldwide11.4593.8
238Guardian Life Ins. Co. of America11.3265.8
239SunTrust Banks11.21,958
240SAIC11.2525
241Huntsman11.2363
241Praxair11.21,692
243Peter Kiewit Sons'11.2290
244Las Vegas Sands11.11,524.10
245Stanley Black & Decker11.1883.8
246Mosaic11.11,930.20
247Norfolk Southern111,749
248URS11310.6
249Jacobs Engineering Group10.9379
250VF10.91,086
251BB&T Corp.10.71,979
252Avon Products10.7-42.5
253Office Depot10.7-77.1
254First Data10.7-700.9
255Automatic Data Processing10.71,388.50
256Liberty Global10.6322.8
257Unum Group10.5894.4
258L Brands10.5753
259CarMax10.5413.8
260Visa10.42,144
261Entergy10.3846.7
262Synnex10.3151.4
263Ameriprise Financial10.31,029
264R.R. Donnelley & Sons10.2-651.4
265Kinder Morgan10.2315
266Xcel Energy10.1905.2
267CDW10.1119
268State Street Corp.10.12,061
269Tenet Healthcare10.1152
270Liberty Interactive10.11,530
271Genworth Financial10323
272AGCO10522.1
273Air Products & Chemicals9.91,167.30
274Newmont Mining9.91,809
275Reinsurance Group of America9.8631.9
276Public Service Enterprise Group9.81,275
277KKR9.7560.8
278Ross Stores9.7786.8
279Estée Lauder9.7856.9
280Gilead Sciences9.72,591.60
281Sempra Energy9.6859
282Sherwin-Williams9.5631
283Western Refining9.5398.9
284Devon Energy9.5-206
285Bed Bath & Beyond9.5989.5
286BlackRock9.32,458
287Family Dollar Stores9.3422.2
288Hillshire Brands9.3845
289Leucadia National9.3854.5
290Principal Financial9.2805.9
291Rock-Tenn9.2249.1
292MGM Resorts International9.2-1,767.70
293Hertz Global Holdings9243.1
294Discover Financial Services92,345
295W.W. Grainger9689.9
296Henry Schein8.9388.1
297Owens & Minor8.9109
298GameStop8.9-269.7
299DTE Energy8.8610
300Caesars Entertainment8.8-1,497.50
301Ball8.7403.5
302Applied Materials8.7109
303Centene8.71.9
304Motorola Solutions8.7881
305Stryker8.71,298
306AutoZone8.6930.4
307Sonic Automotive8.589.1
308Dover8.5811.1
309Assurant8.5483.7
310Cameron International8.5750.5
311DaVita HealthCare Partners8.5536
312Crown Holdings8.5557
313Reliance Steel & Aluminum8.4403.5
314NRG Energy8.4559
315Peabody Energy8.3-585.7
316Reynolds American8.31,272
317Autoliv8.3483.1
318Micron Technology8.2-1,032
319Hormel Foods8.2500.1
320AECOM Technology8.2-58.6
321Ashland8.226
322Oshkosh8.2230.8
323Republic Services8.1571.8
324Eastman Chemical8.1437
325Thrivent Financial for Lutherans8487.6
326Corning81,728
327Broadcom8719
328Darden Restaurants8475.5
329TravelCenters of America832.2
330HD Supply8-639
331Spectrum Group International84.1
332Becton Dickinson7.91,169.90
333Sealed Air7.9-1,410.30
334KBR7.9144
335Commercial Metals7.9207.5
336Masco7.8-114
337Universal Health Services7.8443.4
338Campbell Soup7.7774
339Coca-Cola Enterprises7.6677
340Charter Communications7.5-304
341Quest Diagnostics7.5555.7
342Williams7.5859
343Group 1 Automotive7.5100.2
344CenterPoint Energy7.5417
345WellCare Health Plans7.4184.7
346Dollar Tree7.4619.3
347Pantry7.4-2.5
348MasterCard7.42,759
349Tenneco7.4275
350Avis Budget Group7.4290
351Terex7.3105.8
352Cognizant Technology Solutions7.31,051.30
353Fidelity National Financial7.3606.5
354Steel Dynamics7.3163.6
355Precision Castparts7.31,224.10
356Dana Holding7.3300
357Boston Scientific7.2-4,068
358BorgWarner7.2500.9
359Visteon7.2100
360Barnes & Noble7.1-68.9
361Fifth Third Bancorp7.11,576
362Franklin Resources7.11,931.40
363Weyerhaeuser7.1385
364Owens-Illinois7184
365Alpha Natural Resources7-2,437.10
366Interpublic Group7446.7
367OfficeMax6.9416.8
368Core-Mark Holding6.933.9
369Pacific Life6.9460
370Ralph Lauren6.9681
371Agilent Technologies6.91,153
372Dole Food6.8-144.5
373Ameren6.8-974
374Mylan6.8640.9
375Avery Dennison6.8215.4
376Health Management Associates6.8164.3
377PetSmart6.8389.5
378Dillards6.8336
379Symantec6.71,172
380Huntington Ingalls Industries6.7146
381Enbridge Energy Partners6.7493.1
382Cablevision Systems6.7233.5
383Jarden6.7243.9
384Hershey6.6660.9
385WESCO International6.6201.8
386Ingredion6.5427.5
387CBRE Group6.5315.6
388UGI6.5199.4
389NuStar Energy6.5-226.6
390McGraw-Hill6.5437
391Vanguard Health Systems6.557.3
392Casey's General Stores6.5116.8
393American Family Insurance Group6.5360.5
394Mutual of Omaha Insurance6.4283.8
395Mattel6.4776.5
396Celanese6.4605
397Quanta Services6.4306.6
398Level 3 Communications6.4-422
399EMCOR Group6.3146.6
400Starwood Hotels & Resorts6.3562
401Regions Financial6.31,120
402Northeast Utilities6.3525.9
403Rockwell Automation6.3737
404Ryder System6.3210
405Anixter International6.3124.8
406CMS Energy6.3382
407CC Media Holdings6.2-424.5
408NetApp6.2605.4
409Advance Auto Parts6.2387.7
410Kindred Healthcare6.2-40.4
411Seaboard6.2282.3
412OReilly Automotive6.2585.7
413Foot Locker6.2397
414Windstream6.2168
415CH2M Hill6.293
416Omnicare6.2194.9
417FMC Technologies6.2430
418SLM6.1939
419CF Industries Holdings6.11,848.70
420Sanmina6.1180.2
421NII Holdings6.1-765.2
422PVH6433.8
423Molina Healthcare69.8
424Cliffs Natural Resources6-899.4
425General Cable64
426Shaw Group6198.9
427Dr Pepper Snapple Group6629
428Expeditors International of Washington6333.4
429Harris630.6
430AK Steel Holding5.9-1,027.30
431SPX5.9259.2
432Actavis5.997.3
433Newell Rubbermaid5.9401.3
434Fidelity National Information Services5.9461.2
435Targa Resources5.938.1
436Booz Allen Hamilton Holding5.9240
437Dicks Sporting Goods5.8290.7
438W.R. Berkley5.8510.6
439Live Nation Entertainment5.8-163.2
440Allergan5.81,098.80
441NCR5.8146
442Mohawk Industries5.8250.3
443Auto-Owners Insurance5.7435.6
444Laboratory Corp. of America5.7583.1
445Western Union5.71,025.90
446Joy Global5.7762
447Energy Future Holdings5.6-3,360
448MeadWestvaco5.6205
449Harley-Davidson5.6623.9
450Con-way5.6104.5
451MRC Global5.6118
452J.M. Smucker5.5459.7
453Exelis5.5330
454Biogen Idec5.51,380
455Erie Insurance Group5.5160
456Celgene5.51,456.20
457St. Jude Medical5.5752
458Domtar5.5172
459Calpine5.5199
460Susser Holdings5.546.7
461Clorox5.5541
462Kelly Services5.550.1
463Consol Energy5.4388.5
464Advanced Micro Devices5.4-1,183
465Graybar Electric5.486.3
466Big Lots5.4177.1
467Gannett5.4424.3
468Telephone & Data Systems5.381.9
469Host Hotels & Resorts5.361
470Insight Enterprises5.392.8
471Western & Southern Financial Group5.3137.7
472Andersons5.379.5
473Priceline.com5.31,419.60
474United Natural Foods5.291.3
475Spectra Energy5.2940
476Owens Corning5.2-19
477Avaya5.2-344
478Wynn Resorts5.2502
479Bemis5.1173.8
480NiSource5.1416.1
481MetroPCS Communications5.1394.2
482Facebook5.153
483Pepco Holdings5.1285
484United Stationers5.1111.8
485American Financial Group5.1488
486J.B. Hunt Transport Services5.1310.4
487SanDisk5.1417.4
488Charles Schwab5928
489Pitney Bowes5445.2
490Allegheny Technologies5158.4
491Jones Financial5555
492Frontier Communications5136.6
493Timken5495.5
494Yahoo53,945.50
495JetBlue Airways5128
496Old Republic International5-68.6
497Simon Property Group4.91,434.50
498YRC Worldwide4.9-140.4
499CA4.8951
500Nash-Finch4.8-93.9

 

Source: Fortune

Download:

The entire list can be downloaded in Excel format by clicking here.

A few observations:

  • The revenues of Wal-Mart and Exxon Mobil is almost double that of the third ranked firm Chevron.
  • Apple’s (APPL) revenue was high enough to earn it the 6th position.
  • Not all Fortune 500 firms are worth investing in. For example, Best Buy(BBY) stock collapsed with a negative total return of about 47% in 2012.
  • For years, equity investments in tech giants like Microsoft(MSFT), Cisco(CSCO), Intel (INTC), etc. have been “dead money”.

To download the Fortune 500 lists from 2013 to 1955 in Excel go here.

Disclosure: No Positions

The Five Best and Worst Performing Exchange-listed Foreign Bank Stocks YTD

The Five Best-Performing Exchange-listed Foreign Bank Stocks are listed below:

1.Company: Bank of Ireland (IRE)
Current Dividend Yield: N/A
YTD Change: 49.08%
Country: Ireland

2.Company: Sumitomo Mitsui Financial (SMFG)
Current Dividend Yield: 2.66%
YTD Change: 26.70%
Country: Japan

3.Company: Mitsubishi UFJ Financial (MTU)
Current Dividend Yield: 2.21%
YTD Change: 23.62%
Country: Japan

4.Company: Credit Suisse (CS)
Current Dividend Yield: 0.36%
YTD Change:21.46%
Country: Switzerland

5.Company: Westpac Banking (WBK)
Current Dividend Yield: 5.63%
YTD Change: 19.80%
Country: Australia

The Five Worst-Perfroming Exchange-listed Foreign Bank Stocks YTD are listed below:

1.Company: Royal Bank of Scotland (RBS)
Current Dividend Yield: N/A
YTD Change: -14.09%
Country: UK

2.Company: Banco Macro (BMA)
Current Dividend Yield: N/A
YTD Change: -17.14%
Country: Argentina

3.Company: Grupo Financiero Galicia (GGAL)
Current Dividend Yield: N/A
YTD Change: -17.37%
Country: Argentina

4.Company: BBVA Banco Frances (BFR)
Current Dividend Yield: N/A
YTD Change: -17.50%
Country: Argentina

5.Company: National Bank of Greece (NBG)
Current Dividend Yield: N/A
YTD Change: -26.82%
Country: Greece

Source: BNY Mellon

Note: Dividend yields noted are as of May 10, 2013. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: Long BMA