Dominion Lending Centres Clearlease Reports US markets are looking for direction
VANCOUVER, BC (May 17, 2011) Clearlease Reports US markets are looking for direction, though things could be worse, what with tech bellwether Hewlett-Packard (HP) lowering its profits guidance and US housing data in April proving disappointing.
While the S&P 500 is holding steady at 1,330 and the NASDAQ Composite is down just a point at 2,780, the 30-share Dow Jones industrial average is off 37 points at 12,511, largely as a result of the caning that HP is taking .
News broke after the bell last night of an internal e-mail to HP staff from company boss Leo Apotheker which urged employees to batten down the hatches for a “tough quarter”, and today HP has confirmed the deteriorating outlook by slashing its full year sales guidance by a billion dollar.
HP is now guiding to full year sales of around $129bn to $130bn, and earnings per share (EPS) of at least $5 a share. Analysts had been working on the assumption that sales this year would be around $130.3bn, and EPS about $5.24, while the company’s previous guidance, back in February, was for sales of $130bn – $131.5bn and EPS of at least $5.20 a share.
Goldman Sachs analysts has given the bulls pause for thought by calling attention to the fact that a, “whopping $9.8bn in new shares is scheduled to price this week, and overnight deals could be heavy in the two weeks left before Memorial Day”. It is not infrequent for higher corporate issuance to weigh on the equity markets, according to analysts at Digital Look.
On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.
On the economic front, industrial production remained flat in April (Consensus: 0.4%).
Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
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
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports US markets are looking for direction
VANCOUVER, BC (May 17, 2011) Clearlease Reports US markets are looking for direction, though things could be worse, what with tech bellwether Hewlett-Packard (HP) lowering its profits guidance and US housing data in April proving disappointing.
While the S&P 500 is holding steady at 1,330 and the NASDAQ Composite is down just a point at 2,780, the 30-share Dow Jones industrial average is off 37 points at 12,511, largely as a result of the caning that HP is taking .
News broke after the bell last night of an internal e-mail to HP staff from company boss Leo Apotheker which urged employees to batten down the hatches for a “tough quarter”, and today HP has confirmed the deteriorating outlook by slashing its full year sales guidance by a billion dollar.
HP is now guiding to full year sales of around $129bn to $130bn, and earnings per share (EPS) of at least $5 a share. Analysts had been working on the assumption that sales this year would be around $130.3bn, and EPS about $5.24, while the company’s previous guidance, back in February, was for sales of $130bn – $131.5bn and EPS of at least $5.20 a share.
Goldman Sachs analysts has given the bulls pause for thought by calling attention to the fact that a, “whopping $9.8bn in new shares is scheduled to price this week, and overnight deals could be heavy in the two weeks left before Memorial Day”. It is not infrequent for higher corporate issuance to weigh on the equity markets, according to analysts at Digital Look.
On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.
On the economic front, industrial production remained flat in April (Consensus: 0.4%).
Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
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
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports US markets are looking for direction
VANCOUVER, BC (May 17, 2011) Clearlease Reports US markets are looking for direction, though things could be worse, what with tech bellwether Hewlett-Packard (HP) lowering its profits guidance and US housing data in April proving disappointing.
While the S&P 500 is holding steady at 1,330 and the NASDAQ Composite is down just a point at 2,780, the 30-share Dow Jones industrial average is off 37 points at 12,511, largely as a result of the caning that HP is taking .
News broke after the bell last night of an internal e-mail to HP staff from company boss Leo Apotheker which urged employees to batten down the hatches for a “tough quarter”, and today HP has confirmed the deteriorating outlook by slashing its full year sales guidance by a billion dollar.
HP is now guiding to full year sales of around $129bn to $130bn, and earnings per share (EPS) of at least $5 a share. Analysts had been working on the assumption that sales this year would be around $130.3bn, and EPS about $5.24, while the company’s previous guidance, back in February, was for sales of $130bn – $131.5bn and EPS of at least $5.20 a share.
Goldman Sachs analysts has given the bulls pause for thought by calling attention to the fact that a, “whopping $9.8bn in new shares is scheduled to price this week, and overnight deals could be heavy in the two weeks left before Memorial Day”. It is not infrequent for higher corporate issuance to weigh on the equity markets, according to analysts at Digital Look.
On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.
On the economic front, industrial production remained flat in April (Consensus: 0.4%).
Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
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
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk