Turkey Currency Crisis May Have Already Destroyed Third Quarter Earnings Season
Turkey's currency crisis has sent the U.S. dollar sharply higher. That isn't good news for many multinationals.
Investors have a valid new reason to sell stocks near the highs of the year: Turkey's currency crisis.
With the U.S. dollar shooting sharply higher on the currency turmoil in Turkey, third quarter guidance could already be at risk for many large companies.
Meanwhile, Amazon's (AMZN) - Get Report advertising business is turning into a profit juggernaut. Amazon is a holding in Jim Cramer's Action Alerts PLUS.
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