• 65 Companies Citi's Levkovich Says Show Him Emerging Markets Might Be Overdone

      Citigroup's Investment Research Chief U.S. Equitiy Strategist Tobias Levkovich has figured out a way to read whether emerging markets still have room to run.

      He and his team ran the list below.. these are companies that have 30% or more exposure to emerging markets. Most have done extraordinarily well. That tells Levkovich that, like some of our Thanksgiving turkeys, these emerging countries and their recent success may be a bit overdone.

      --Liz

      Smart Modular Technologies (SMOD): 54%

      Cummins Inc. (CMI): 50%

      Celanese Corp. (CE): 40%

      Mosaic (MOS): 40%

      Visa Inc. (V): 37%

      Huntsman (HUN): 36%

      Nalco (NLC): 36%

      YUM Brands (YUM): 35%

      Lubrizol Corp (LZ): 34%

      Emerson Electric Co. (EMR): 34%

      3M Co. (MMM): 33%

      DOW Chemical (DOW): 32%

      DuPont (DD): 30%

      Potash Corp (POT): 30%

      Procter & Gamble Co. (PG): 30%

      Corning (GLW): 30%

      Owens-Illinois Inc. (OI): 30%

      Rexam PLC (REX): 30%

      Caterpillar (CAT): 28%

      Eaton Corp (ETN): 28%

      Parker-Hannifin Corp (PH): 28%

      Eastman Chemical Co. (EMN): 28%

      Praxair Inc. (PX): 28%

      Monsanto Co. (MON): 28%

      Boeing (BA): 28%

      Mastercard (MA): 26%

      SPX (SPW): 26%

      Albemarle Corp (ALB): 25%

      Cytec Industries (CYT): 25%

      Crown Holdings (CCK): 25%

      American Tower Corp (AMT): 21%

      Ecolab Inc. (ECL): 20%

      Ingersoll-Rand (IR): 20%

      Bemis Co. (BMS): 20%

      Sealed Air Corp (SEE): 20%

      Deere & Co. (DE): 20%

      Danaher Corp. (DHR): 19%

      Merck & Co. (MRK): 18%

      Air Products & Chemicals Inc. (APD): 18%

      General Electric (GE): 18%

      PPG Industries (PPG): 17%

      United Technologies Corp. (UTX): 17%

      Autodesk Inc. (ADSK): 15%

      DirecTV (DTV): 15%

      Cooper Industries (CBE): 15%

      Eli Lilly & Co. (LLY): 15%

      Pfizer (PFE): 15%

      Valspar Corp (VAL): 14%

      Manpower Inc. (MAN): 10%

      Sherwin-Williams Co. (SHW): 9%

      Estee Lauder (EL): 9%

      Silgan Holdings (SLGN): 9%

      Ball Corp (BLL): 8%

      General Dynamics Corp (GD): 6%

      Brown-Forman (BFB): 5%

      Graham Packaging (GRM): 5%

      Paccar Inc. (PCAR): 5%

      Bristol-Myers Squibb Co. (BMY): 4%

      Agrium Inc. (AGU): 4%

      Wal-Mart Stores (WMT): 4%

      Starwood Hotels & Resorts (HOT): 35% of EBITDA

      Chicago Bridge & Iron (CBI): EMEA: 25% A/P: 8%

      Fluor Corp (FLR): EMEA: 29% A/P: 9%

      Foster Wheeler (FWLT): EMEA: 29%, A/P: 54%

      McDermott Intl (MDR): ME: 59%, E/A/P: 25%

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