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After Two Consecutive Weeks of Gains S&P 500 Post Biggest Loss in a Month

Thursday, July 26, 2012 8:20 AM

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NEW YORK, NY -- (Marketwire) -- 07/26/12 -- After posting two weeks of consecutive gains the S&P 500 saw its biggest loss in about a month as concerns regarding Europe's debt crisis continue to mount. On Tuesday Moody's Investor Services citing "rising uncertainty" slashed the credit ratings of Germany, the Netherlands and Luxembourg to "negative" from "stable." Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on Alcoa Inc. (NYSE: AA) and DeVry Inc. (NYSE: DV).

Access to the full company reports can be found at:
www.FiveStarEquities.com/AA
www.FiveStarEquities.com/DV

"It's far from over," said Paul Zemsky, head of asset allocation for ING Investment Management which oversees $160 billion. "There's renewed euro crisis concern. As for earnings, it's not much what the numbers are printing. There's fear of what to expect going forward."

Data collected by Bloomberg showed sales increased at an average of 2.9 percent from the 147 companies of the S&P 500 companies that have reported earnings so far. Approximately 40 percent of companies have beat analysts' sales estimates, and 73 percent of companies have topped profit estimates.

Five Star Equities releases regular market updates on the S&P 500 so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Alcoa reported a second quarter 2012 net loss of $2 million, compared to net income of $94 million in first quarter 2012 and net income of $322 million in second quarter 2011. Second quarter 2012 revenue was $6.0 billion, steady sequentially and down 9 percent compared with second quarter 2011. Shares of the company have fallen nearly 17 percent in the last three months.

DeVry's shares dropped almost 25 percent Tuesday after the company slashed their fourth-quarter earnings outlook. DeVry anticipates reporting revenue for its fiscal fourth quarter between $500 million and $510 million. New enrollments for the summer term at DeVry University are expected to decrease approximately 15 to 17 percent compared to last year's term.

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(Source: Market Wire )
(Source: Quotemedia)

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