MILLBURN, N.J. ( Stockpickr) -- For the third consecutive summer, the global markets are reeling from the sovereign and banking debt crisis in Europe. This condition is exacerbated by the resultant ineptitude of its leaders to develop a swift, united and effective resolution.
As a result, assets are leaving the eurozone and seeking a safe haven in the U.S. The euro currency is being sold in favor of the U.S. dollar.
But there are secondary effects to domestic U.S. companies that we must consider. Many of these companies have significant operations overseas. The weaker economy is impeding sales and earnings in Europe, and the stronger U.S. dollar is further lessening the benefit from European operations.
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Of course, there are some silver linings to the strong U.S. dollar. Many commodities that have a large currency component to their prices, such as crude oil and coffee, are falling.
One way to inoculate our portfolios from these European problems is with American companies that derive all or most of their revenues from domestic sales or sales in North America. With that in mind, here are
five stocks with exclusive exposure to North America
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(SAM - Get Report)
, the nation's largest public hand-crafted beer brewery, makes Sam Adams-branded beers and Twisted Tea hard iced teas. In 2011, Boston Beer finally captured 1% of the U.S. beer market, despite overall U.S. beer sales declining by 1.3% that year.
That's because the craft beer industry is growing fast -- by 13% in volume and 15% in dollars in 2011.
Boston Beer was established on the East Coast of the U.S. but is expanding throughout the country. It recent acquisition of Los Angeles-based Angel City Brewing in January will create a West Coast base from which the company can further expand.
Boston Beer also shows up on a recent list of
3 Hot Stocks to Survive Summer