SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Sep 11, 2012) - The S&P 500 Index rallied to its highest level in over four years on strong signs of improvement in the U.S. labor market and as the European Central Bank released details on a new bond-buying program. ADP Employer Services reported that private employers added 201,000 jobs in August, exceeding the 140,000 predicted by analysts. Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on Citrix Systems, Inc. (NASDAQ: CTXS) and eBay Inc. (NASDAQ: EBAY).
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ECB president Mario Draghi stated that policy makers had agreed to a potential unlimited bond-buying program in attempts to regain control of interest rates. Draghi stated that the ECB has a "fully effective backstop to avoid destructive scenarios with potentially severe challenges for price stability."
"It's definitely giving more comfort to the market. It was what the market was looking for, and we can see that the yields on Italian, Spanish and Portuguese bonds have already come down," said Rex Macey, CIO of Wilmington Trust Investment Advisors.
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With market-leading cloud, collaboration, networking and virtualization technologies, Citrix powers mobile workstyles and cloud services, making complex enterprise IT simpler and more accessible for 260,000 organizations. The company recently reported that it has released their updated ShareFile app in time for the iPhone 5 launch.
eBay's PayPal recently announced that it has teamed up with Discover Financial Services to allow consumers to use their PayPal accounts to make purchases at over 7 million merchants across the U.S. "This relationship will deliver a truly seamless digital wallet, available most places consumers shop offline, which offers the speed, simplicity and security already enjoyed by 113 million active PayPal customers online," said Don Kingsborough, PayPal's Vice President of Retail.
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