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The U.S. dollar's first quarter climb has reversed in early April, and investors should consider stocks that should perform well when the dollar is weak for the months ahead, according

to BTIG's Julian Emanuel. The market strategist said in a note on Sunday that he expected the dollar to struggle throughout the year as the global economy rebounds from the pandemic and

provided a list of stocks that are "Dollar Down Dominators." The dollar strengthened during the first quarter, with the U.S. as one of the global leaders in vaccines for Covid-19.

That could reverse as vaccines become more widespread in Europe and elsewhere, making the U.S. economy relatively less attractive, the note said. However, the Dollar Index has lost ground

since the start of April, and Emanuel said the greenback should continue to struggle going forward. "Overarching forces of massive fiscal stimulus and easy monetary policy, while

international economies 'catch up' to the U.S., are likely to further pressure the Dollar," the note said. One way for investors to take advantage of this problem is to buy

stocks with high international exposure, Emanuel said. His list of "Dollar Down Dominators" includes stocks in the S & P 500 that have underperformed year to date and get less

than 45% of their revenue from the United States. The companies also have a strong track record of earnings and revenue beats over the past two years. The resulting list includes large,

established companies that often sport healthy dividends. Merck and Procter & Gamble , for example, have seen their stock prices fall in 2021 and now have dividend yields of 3.4% and

2.3%, respectively. Beverage company Coca-Cola and snack company Mondelez International made the cut as well. For Coca-Cola, just 18% of the company's case volume last year came from

the United States, with Mexico and China being two other large markets for the company. Mondelez reported that 34% of its revenue came from emerging markets in its most recent fiscal year.

Tech giant Apple , whose stock has been sluggish in recent months, also made the list. Shares closed barely positive for the year on Friday but slipped back below the flatline during

Monday's session.