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Investing

S&P 500 at Five-month Peak (AA, CAT, BAC)

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By Paul Ausick Published
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The S&P 500 put up a five-month intra-day high of 1,294.45 shortly before noon ET today. The index got a boost this morning from Alcoa Inc. (NYSE: AA) which rose about 3.5% at the open on an in-line earnings report last night.

Alcoa’s influence didn’t last long on its own behalf, as the company’s 2012 forecast raised caution flags, but the company’s earnings report did raise hopes that the current earnings season would be another good one. The fact that the bar for many companies has been set so low will also add a glow to last quarter’s earnings.

Among the sectors in the S&P 500, commodity, financial and industrial shares have risen the most with Caterpillar Inc. (NYSE: CAT) and Bank of America Corp. (NYSE: BAC) providing the biggest push.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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