Stocks Can Move Higher Despite Q1 Earnings Drop Thanks to Central Banks

First quarter earnings are set to drop about nine percent year-over-year, but that doesn't mean stocks can't head higher, according to one analyst. 'We are still in a very low interest rate environment,' said Brenda Kelly, head analyst at London Capital Group, adding that the support from the Federal Reserve and global central banks could propel stocks higher from here. Kelly also comments on Alcoa's (AA) - Get Report  lackluster first quarter - the aluminum company posted a 92 percent drop in earnings. TheStreet's Scott Gamm reports from Wall Street.