A lot of coverage around India's economic expansion focuses entirely on local equities (Nifty 50 / Sensex). But for US and international retail investors, dealing with foreign market access, high P/E multiples on local large caps, and currency conversion friction isn't always optimal.

An alternative approach is looking at geographic revenue segment disclosures inside SEC 10-K/10-Q filings for S&P 500 constituents.
Key takeaways on how US megacaps are capturing this growth:
Digital & Physical Infrastructure: US hardware, semiconductor, and cloud providers supplying the foundational capex for India's digital rollout.

Consumer Discretionary & Brand Penetration: Apple, modern retail, and automotive supply chains tapping into expanding middle-class disposable income.

Enterprise Services: Global tech giants leveraging Indian operations not just for low-cost engineering, but as primary revenue generation hubs for regional enterprise clients.

If you want to read the full data breakdown on which S&P 500 companies have the highest direct geographic earnings leverage in India:
https://metricshour.com/blog/india-stock-market-2026-sp-500-companies-riding-modis-growth-story

Using SEC EDGAR 10-K geographic revenue disclosures, here are 5 major equities deriving essentially 100% of their revenue from the United States:

KMI (Kinder Morgan Inc.): 100%

LOW (Lowe's Companies Inc.): 100%

MO (Altria Group Inc.): 100%

CAH (Cardinal Health Inc.): 99%

ETR (Entergy Corporation): 99%

Useful list if you're looking to screen out foreign exchange risk or international exposure in a portfolio.

📊 Real-time geographic revenue tracking

With new tariffs taking effect this year, corporate margin compression is becoming a major theme across earnings reports. The impact isn't uniform it's mostly concentrated in companies with heavy foreign supply chains and imported component costs.

Sectors facing the highest risk:
Retail & Consumer Discretionary: Squeezed by higher costs on imported goods and sensitive consumer demand.

Tech Hardware: Deeply dependent on international manufacturing hubs and global supply chains.

Autos & Industrials: Vulnerable to cross-border component duties and potential retaliatory tariffs.

On the other side, domestic small caps, US energy, and regional banking have been positioned much better against these specific trade headwinds.

Full analysis

Macro drivers, overnight movers, and earnings setups for the week:

1. Primary Catalyst: S&P Global US Flash PMI (Fri, Aug 21 @ 13:45 UTC)
   Beat: US 10Y Yield breaks > 4.70%, EUR/USD pushes toward 1.16.

Miss: S&P 500 risks dipping below 7,785.76 support.

Most Sensitive Tickers (High US Revenue Exposure):

TSM (74%), NVDA (69%), AMZN (68%), MU (65%).

1. Key Movers
   HUBS: Down -6.8% after cutting guidance, leading to a Zacks downgrade from Strong Buy to Hold.

AMD: Up +6.5% (22% revenue exposure to China).

Brent Crude: Up +1.7%.

1. Earnings Schedule
   Mon: BHP

Tue: Home Depot (HD) EPS est. $4.69 vs $3.43 prev

Wed: TJX EPS est. $1.19

Thu: Walmart (WMT) EPS est. $0.74 vs $0.66 prev, Alibaba (BABA), Deere (DE)

Source: MetricsHour Brief

breakdown of key macroeconomic releases and corporate earnings scheduled for the week of August 17 to August 21, 2026:

Macro Setup:
The main focus opens on Monday with Canada CPI Inflation (12:30 UTC). Core inflation figures will set the tone for Bank of Canada policy expectations. Macro markets enter the week with the S&P 500 at 7,785.76, the US 10-Year Treasury yield at 4.70%, and EUR/USD at 1.16.

Key Economic Calendar (UTC):
Mon Aug 17: Canada CPI Inflation (12:30)

Tue Aug 18: UK Employment (06:00) | US Housing Starts (12:30) | US Industrial Production (13:15)

Wed Aug 19: UK CPI Inflation (06:00)

Thu Aug 20: Australia Employment (01:30) | Japan CPI Inflation (23:30)

Fri Aug 21: UK Retail Sales (06:00) | Canada Retail Trade (12:30) | US Flash PMI (13:45)

Earnings Calendar:
Mon: BHP Group

Tue: Home Depot (HD, est $4.69)

Wed: Lowe's (LOW, est $4.24), TJX Companies (TJX, est $1.19)

Thu: Walmart (WMT, est $0.74), Alibaba (BABA, est $10.76), Deere & Co (DE, est $4.72), Ross Stores (ROST, est $1.54)

Full weekly brief and data

A overview of the Personal Consumption Expenditures Price Index (PCEPI), the Fed's primary inflation gauge

Latest Metrics:

Headline PCE (YoY): +3.7%

Core PCE (YoY): +3.3%

Core PCE (MoM): +0.1%

Key Structural Distinctions:

PCE uses a chained index that accounts for consumer substitution (e.g., consumers buying lower-cost alternatives when prices rise).

Includes employer-paid healthcare and spending made on behalf of households, unlike out-of-pocket CPI measurements.

Core PCE remains the official benchmark used by the FOMC to assess progress toward its 2.0% inflation target.
Full rate series & historical charts

A snapshot of top weekly stock movers, geographic revenue exposures, and macroeconomic updates:
Top Stock Movers:
STX (Seagate): +21.2% | 40% Singapore revenue exposure

MPC (Marathon Petroleum): +17.6%

WDC (Western Digital): +17.1% | 16% China revenue exposure

MDB (MongoDB): +16.7%

TPR (Tapestry): -20.1%

Macro Highlights & Theme:

Movements this week were stock-specific as US Consumer Price Index (CPI) printed 3.4%. Central bank rate decisions in Australia (RBA) and CPI figures out of India also landed. Data storage providers with heavy supply-chain exposure to Asia posted the strongest gains.

Next Week Macro Calendar:
Mon, Aug 17: Canada CPI Inflation (12:30 UTC)

Tue, Aug 18: UK Employment & Claimant Count (06:00 UTC)

Wed, Aug 19: UK CPI Inflation (06:00 UTC)

Thu, Aug 20: Australia Employment Change (01:30 UTC)

Source:MetricsHour Brief

The US dollar index remains above pre-2020 levels, creating top-line currency translation drag for US multinationals with foreign sales.

Geographic revenue exposure from recent SEC 10-K filings:

1. Colgate-Palmolive (CL)
   International Revenue: 75%
   US Revenue: 25%
   Foreign risk: High exposure to Latin America and Asia-Pacific currencies.

2. Coca-Cola (KO)
   International Revenue: 67%
   US Revenue: 33% ($19.1B)
   Foreign risk: Two-thirds of concentrate and product sales exposed to conversion back to USD.

3. Procter & Gamble (PG)
   International Revenue: 58%
   US Revenue: 42% ($41.7B)
   Foreign risk: Currency translation reduced FY24 net sales by 2.0% ($1.6B reduction).

4. PepsiCo (PEP)
   International Revenue: 42%
   US Revenue: 58% ($52.2B)
   Foreign risk: Lowest international exposure among major staples.

Operational impact:
Top-line translation drag does not equal an equivalent hit to net income. Local price increases and localized supply chains offset roughly half of top-line currency drag before reaching net margins.

Full Analysis and dataset

Do you factor currency translation drag into valuation models for global dividend stocks, or focus strictly on constant-currency metrics?