VANCOUVER, BC (May 31, 2011) Dominion Lending Centres Clearlease Reports May 31, 2011 The Week Ahead: Consumer spending grew at a slower pace in April versus March as stocks lose ground again for the fourth straight week. The holiday shortened week starts Tuesday with the S&P Case-Shiller Home Price Index and Consumer Confidence report. Wednesday will be busy with the Auto Sales numbers, the ADP Employment report, the ISM Manufacturing Index, and Construction Spending. Noteworthy on Thursday will be Chain Store Sales, Productivity and Costs, and Factory Orders.
The Employment report will be the highlight on Friday followed by the ISM Non-Manufacturing Index.
Stocks to Watch: Healthcare is the leading sector so far in 2011 after being the worst sector last year. The Select Sector Health Care ETF (XLV) is up 13% to date. Pharmacy benefits manager, Medco Health Solutions (MHS) dropped 9% Friday as it will lose a contract with Blue Cross/Blue Shield next year in a federal government plan which amounts to $3 billion in annual revenue. CVS Caremark (CVS) which gained 1.7%* will pick up Medco’s lost business in a three year deal starting in 2012. In technology, Marvell Technology Group (MRVL) gained 11%* and Omnivision (OVTI) fell 8.9%* when no increase in its guidance was given.
Special Note: New York Stock Exchange volume hit its lowest level of the year on Friday in pre-holiday trading. The CBOE put/call ratio reached .71 which was the lowest level since the April 6 high. For the third week out of the past four, the S&P 500 has seen three of five trading days finish with gains yet lost ground for the week indicating momentum on the wane. Momentum on a weekly basis also failed to confirm the early May highs in the major indexes creating a bearish divergence and signaling a more protracted decline may lie ahead for stocks after the next bounce.
*Percentages are calculated based on the closing prices of 5/26/11 and 5/27/11.
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About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
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Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk