The Street -
20 Jan 2015 20:41
NEW YORK (TheStreet) - As the U.S. dollar has rallied higher, certain companies stand to benefit more than others, including tire maker Bridgestone . According to Xavier Smith, portfolio manager for the Centre Global Select Equity Fund, a lot of Bridgestone's revenue comes in U.S. dollars, but many of its expenses are in Japanese yen. Must Read: Jim Cramer's Five Best Stock Picks for the Auto-Parts Sector The stronger dollar and weakening yen should boost profits, he reasoned. The company s...
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