S&P 500 Sees Largest Gain in Two Months After China Signals It Would Support Growth
Five Star Equities Provides Stock Research on Apple and Boeing
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 Apple Inc. (NASDAQ: AAPL) and the Boeing Company (NYSE: BA).
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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."
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Apple's shares rallied nearly 6 percent Monday. Despite the recent 28-nanomenter chip shortage, Piper Jaffray analyst Gene Munster has maintained his iPhone shipment target. He gave the company a 80 percent chance of reaching his target of nearly 50 million iPhone units in the December quarter, when the iPhone 5 is expected to launch. "We believe the iPhone 5 will represent the biggest consumer-electronics product launch of 2012 as well as the biggest device-upgrade cycle in smartphone history," Munster wrote.
Boeing recently announced that it has completed the acquisition of Inmedius, a provider of software applications and services for managing and sharing information and learning content. Terms of the transaction, announced on April 26, were not disclosed. Inmedius will be integrated into Continental DataGraphics (CDG), a subsidiary of Boeing Commercial Aviation Services.
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