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 to 1,311.5. Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on The Home Depot, Inc. (NYSE: HD) and Netflix, Inc. (NASDAQ: NFLX).
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"The country should properly handle the relationship between maintaining growth, adjusting economic structures and managing inflationary expectations," Wen Jiabao said 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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The Home Depot, the world's largest home improvement retailer, today reported sales of $17.8 billion for the first quarter of fiscal 2012, a 5.9 percent increase from the first quarter of fiscal 2011. Comparable store sales for the first quarter of fiscal 2012 were positive 5.8 percent, and comp sales for U.S. stores were positive 6.1 percent.
With more than 25 million streaming members in the United States, Canada, Latin America, the United Kingdom and Ireland, Netflix is the world's leading internet subscription service for enjoying movies and TV programs. Netflix and Twentieth Century Fox Television Distribution recently announced a multi-year licensing agreement that will soon make a host of great TV series and films available for Netflix members to instantly watch in Latin America and Brazil.
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