Strong Dollar: who is in trouble?

According to FactSet, the companies in the S&P500 index derive 40% of their revenues from non-US sources. There are, however, significant differences between sectors, as the FactSet chart below shows. At one end of the spectrum, we have Utilities, Real Estate and Financials, with 2 – 22 percent non-dollar revenues. At the other end of the continuum are Consumer Staples, Materials and Technology at 45 – 58 percent non-US revenues. The important sector here is Tech, of course, with only 42 percent of revenues from dollar-based sources.
"Takeaway: with US earnings season kicking off later this week, expect many companies to mention the strong dollar as a profit headwind for the back half of the year" (Data Trek)