Freeport-McMoRan's (FCX) Japan Exposure Shrugged Off by Markets

Even though Freeport-McMoRan (NYSE:FCX) has the largest exposure to Japan, according to Birinyi Associates, which put together a list of American companies with strong exposure to Japan based on quarterly and annual earnings reports.

Freeport is by far the company at the top of the list, with an 18.06 percent total.

But even if there is a temporary impact from Japan, the huge amounts the country will have to spend on reconstruction will play into the strengths of Freeport-McMoRan and other providers of raw materials to the country.

Other companies with large exposure to Japan, and which won't fare as well are Texas Instruments (NYSE:TXN), Weyerhaeuser (NYSE:WY) and Qualcomm (NASDAQ:QCOM), all of which are just shy of 10 percent.

Exxon Mobil (NYSE:XOM) was in fifth place for exposure with 8.82 percent.

The percentages are based on annual revenue.

Freeport was trading at $54.91, gaining $2.63, or 5.03 percent, as of 2:51 PM EDT.