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S&P 500 Snaps Six Day Losing Streak

Wednesday, May 23, 2012 8:20 AM


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NEW YORK, NY -- (Marketwire) -- 05/23/12 -- U.S. stocks got a boost in Monday trading after recent comments from China's Premier Wen Jiabao signaled they were prepared to support growth. The S&P 500 Index saw its largest increase in two month as it jumped 1.3 percent on Monday to 1,311.5. Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY).

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"The country should properly handle the relationship between maintaining growth, adjusting economic structures and managing inflationary expectations," Wen Jiabao commented during a recent tour. "We should continue to implement a proactive fiscal policy and a prudent monetary policy, while giving more priority to maintaining growth," Wen said.

"We're in need of some rally here after the recent pullback," said Eric Teal, chief investment officer at First Citizens Bancshares Inc. "China's comments were encouraging as it stands ready to provide stimulus to avoid a hard landing. That's important for global economy."

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.

Amazon.com serves consumers through its retail Websites and focuses on selection, price, and convenience. The Company's four customer sets include consumers, sellers, enterprises and content creators. It also manufactures and sells Kindle devices. The company last month announced net sales increased 34 percent to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011.

Global commerce platform and payments leader eBay last month reported that revenue for the first quarter ended March 31, 2012, increased 29% to $3.3 billion, compared to the same period of 2011. "The first quarter was a strong start to the year for us with momentum continuing in our Marketplaces, PayPal and GSI Commerce businesses," said eBay Inc. President and CEO John Donahoe.

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(Source: Market Wire )
(Source: Quotemedia)

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