Emerging market impact
Aside from challenges with the weather during the first quarter, did multinational companies see weakness in results due to troubles overseas? We know that many overseas markets are getting slammed by investors, but is that the same with corporations with operations overseas? We are about to find out.
To the extent companies managed this hurdle, results are likely to be much better than current expectations. If you like surprises, this is one that has the potential to surprise, up or down. If companies stumbled because of overseas weakness, perhaps we could see some selling in U.S. markets as a result.
We seem to be at a crossroads this earnings season. How it all plays out will determine the future path for stocks for the remainder of the year.
It promises to be an exciting season. Fasten your seatbelts!