CNNFN: All-American stocks won’t save you from turmoil: Saturday January 16, 2016

by Patrick Gillespie @CNNMoneyInvest January 15, 2016: 10:57
AM ET

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The global doom and gloom is dragging stocks down across the world.

Some of you might feel comfortable that those big name all-American
brands in your portfolio will save you from the global turmoil that’s
churning the stock markets currently.

But think twice — some of America’s best known companies have lots of
global exposure. Perhaps more than you think.

Starbucks, Nike and Apple come to mind. It’s not a surprise that these
stocks are starting to turn south as global economic fears grow.

In the last three months, shares of Apple (AAPL, Tech30) are
down 14%, Starbucks (SBUX) has fallen 5% and Nike (NKE) has
lost 10%.

Currencies in China and many emerging markets are losing value,
making American goods more expensive, and less attractive to foreign
buyers.

It comes at a time when the stock market is already reeling from
volatility in oil prices and uncertainty over China’s economy and
currency moves. Stock of all stripes have been hurt.