Why markets may turn to the downside amid Q1 earnings

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Wells Fargo Investment Institute Senior Global Mar Nouvelles

Earnings Reports,Financial Performance,Consumer Health

As the first quarter earnings season continues, this week will see the financial performance of companies that will shed light on consumer health. With...

As the first quarter earnings season continues, this week will see the financial performance of companies that will shed light on consumer health. With consumers, Wells Fargo Investment Institute Senior Global Market Strategist Sameer Samana joins the Morning Brief to discuss what these earnings reports could mean for the markets.

However, Samana advises investors to consider investing in the energy, materials, industrials, and healthcare sectors.Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday.

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MOSCOW -Russia's finance ministry said on Monday that it would halve its purchases of foreign currency and gold in the month ahead, a move that will increase the state's overall forex sales. The finance ministry said its purchases of foreign currencies and gold for the period from May 8 to June 6 would amount to the equivalent of 110.94 billion roubles , or 5.55 billion roubles per day.

 

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