Dominion Lending Centres Clearlease Reports After showing a lack of direction throughout much of the previous session

Dominion Lending Centres Clearlease Reports After showing a lack of direction throughout much of the previous session

VANCOUVER, BC (May 25, 2011) Clearlease Reports US stocks continue to experience choppy trading on Wednesday May 25, 2011. The lackluster performance comes as traders have shrugged off a disappointing report on durable goods orders.

The major averages are currently mixed on the day, with the Nasdaq just above the unchanged line. While the Nasdaq is up 1.03 points or less than a tenth of a percent at 2,747.19, the Dow is down 22.02 points or 0.2 percent at 12,333.81 and the S&P 500 is down 2.22 points or 0.2 percent at 1,314.06.

Before the start of trading, the Commerce Department released a report showing a significant drop in durable goods orders in April, although the report also showed a notable upward revision to the increase in orders that was reported for March.

The report showed that orders fell by 3.6 percent in April following an upwardly revised 4.4 percent increase in March. Economists had expected orders to drop by 3.0 percent compared to the 2.5 percent increase that had been reported for the previous month.

“Bottom line, the revisions to March did compensate for the April fall in orders and proves how volatile this data set is month to month,” said Peter Boockvar, equity strategist at Miller Tabak. “Thus, I’m not confident to make any firm conclusion with today’s April figure.”

He added, “With respect to manufacturing, the most important figure we await is next week’s ISM because of the moderating May regional manufacturing surveys we’ve seen thus far.”

Next Wednesday, the Institute for Supply Management is scheduled to release its report on national manufacturing activity in the month of May.

Among individual stocks, shares of Costco (COST) are trading lower even though the membership warehouse operator reported first quarter earnings that rose to $0.73 per share from $0.68 per share in the same quarter last year.

Costco said its revenues for the quarter rose to $20.62 billion from $17.78 billion a year ago, coming in above analyst estimates for $20.09 billion.

Meanwhile, Take-Two Interactive (TTWO) is moving to the upside after the video game publisher reported a narrower than expected fourth quarter loss but provided disappointing guidance for the first quarter and fiscal year 2012.

Sector News

Despite the lack of direction being shown by the broader markets, considerable strength has emerged among oil service stocks. The Philadelphia Oil Service Index has risen by 1.7 percent but remains stuck in a recent trading range.

Oil service giant Halliburton (HAL) is helping to lead the sector higher after Morgan Stanley upgraded its rating on the stock to Overweight from Equal-weight. Shares of Halliburton are currently up by 3 percent after reaching their best intraday level in almost a month.

The strength among oil service stocks comes even though crude for July delivery has dropped $0.30 to $99.29 a barrel ahead of the weekly oil inventories report.

On the other hand, utilities stocks have shown a notable move to the downside in morning trading, dragging the Philadelphia Utility Sector Index down by 1 percent. American Electric Power (AEP) and NextEra Energy (NEE) are posting significant losses.

Most of the other major sectors are showing only modest moves on the day, contributing to the lackluster performance by the broader markets.

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

###

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

VANCOUVER, BC (May 25, 2011) Clearlease Reports US stocks continue to experience choppy trading on Wednesday May 25, 2011. The lackluster performance comes as traders have shrugged off a disappointing report on durable goods orders.

The major averages are currently mixed on the day, with the Nasdaq just above the unchanged line. While the Nasdaq is up 1.03 points or less than a tenth of a percent at 2,747.19, the Dow is down 22.02 points or 0.2 percent at 12,333.81 and the S&P 500 is down 2.22 points or 0.2 percent at 1,314.06.

Before the start of trading, the Commerce Department released a report showing a significant drop in durable goods orders in April, although the report also showed a notable upward revision to the increase in orders that was reported for March.

The report showed that orders fell by 3.6 percent in April following an upwardly revised 4.4 percent increase in March. Economists had expected orders to drop by 3.0 percent compared to the 2.5 percent increase that had been reported for the previous month.

“Bottom line, the revisions to March did compensate for the April fall in orders and proves how volatile this data set is month to month,” said Peter Boockvar, equity strategist at Miller Tabak. “Thus, I’m not confident to make any firm conclusion with today’s April figure.”

He added, “With respect to manufacturing, the most important figure we await is next week’s ISM because of the moderating May regional manufacturing surveys we’ve seen thus far.”

Next Wednesday, the Institute for Supply Management is scheduled to release its report on national manufacturing activity in the month of May.

Among individual stocks, shares of Costco (COST) are trading lower even though the membership warehouse operator reported first quarter earnings that rose to $0.73 per share from $0.68 per share in the same quarter last year.

Costco said its revenues for the quarter rose to $20.62 billion from $17.78 billion a year ago, coming in above analyst estimates for $20.09 billion.

Meanwhile, Take-Two Interactive (TTWO) is moving to the upside after the video game publisher reported a narrower than expected fourth quarter loss but provided disappointing guidance for the first quarter and fiscal year 2012.

Sector News

Despite the lack of direction being shown by the broader markets, considerable strength has emerged among oil service stocks. The Philadelphia Oil Service Index has risen by 1.7 percent but remains stuck in a recent trading range.

Oil service giant Halliburton (HAL) is helping to lead the sector higher after Morgan Stanley upgraded its rating on the stock to Overweight from Equal-weight. Shares of Halliburton are currently up by 3 percent after reaching their best intraday level in almost a month.

The strength among oil service stocks comes even though crude for July delivery has dropped $0.30 to $99.29 a barrel ahead of the weekly oil inventories report.

On the other hand, utilities stocks have shown a notable move to the downside in morning trading, dragging the Philadelphia Utility Sector Index down by 1 percent. American Electric Power (AEP) and NextEra Energy (NEE) are posting significant losses.

Most of the other major sectors are showing only modest moves on the day, contributing to the lackluster performance by the broader markets.

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

###

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
Dominion Lending Centres Clearlease Reports After showing a lack of direction throughout much of the previous session

VANCOUVER, BC (May 25, 2011) Clearlease Reports US stocks continue to experience choppy trading on Wednesday May 25, 2011. The lackluster performance comes as traders have shrugged off a disappointing report on durable goods orders.

The major averages are currently mixed on the day, with the Nasdaq just above the unchanged line. While the Nasdaq is up 1.03 points or less than a tenth of a percent at 2,747.19, the Dow is down 22.02 points or 0.2 percent at 12,333.81 and the S&P 500 is down 2.22 points or 0.2 percent at 1,314.06.

Before the start of trading, the Commerce Department released a report showing a significant drop in durable goods orders in April, although the report also showed a notable upward revision to the increase in orders that was reported for March.

The report showed that orders fell by 3.6 percent in April following an upwardly revised 4.4 percent increase in March. Economists had expected orders to drop by 3.0 percent compared to the 2.5 percent increase that had been reported for the previous month.

“Bottom line, the revisions to March did compensate for the April fall in orders and proves how volatile this data set is month to month,” said Peter Boockvar, equity strategist at Miller Tabak. “Thus, I’m not confident to make any firm conclusion with today’s April figure.”

He added, “With respect to manufacturing, the most important figure we await is next week’s ISM because of the moderating May regional manufacturing surveys we’ve seen thus far.”

Next Wednesday, the Institute for Supply Management is scheduled to release its report on national manufacturing activity in the month of May.

Among individual stocks, shares of Costco (COST) are trading lower even though the membership warehouse operator reported first quarter earnings that rose to $0.73 per share from $0.68 per share in the same quarter last year.

Costco said its revenues for the quarter rose to $20.62 billion from $17.78 billion a year ago, coming in above analyst estimates for $20.09 billion.

Meanwhile, Take-Two Interactive (TTWO) is moving to the upside after the video game publisher reported a narrower than expected fourth quarter loss but provided disappointing guidance for the first quarter and fiscal year 2012.

Sector News

Despite the lack of direction being shown by the broader markets, considerable strength has emerged among oil service stocks. The Philadelphia Oil Service Index has risen by 1.7 percent but remains stuck in a recent trading range.

Oil service giant Halliburton (HAL) is helping to lead the sector higher after Morgan Stanley upgraded its rating on the stock to Overweight from Equal-weight. Shares of Halliburton are currently up by 3 percent after reaching their best intraday level in almost a month.

The strength among oil service stocks comes even though crude for July delivery has dropped $0.30 to $99.29 a barrel ahead of the weekly oil inventories report.

On the other hand, utilities stocks have shown a notable move to the downside in morning trading, dragging the Philadelphia Utility Sector Index down by 1 percent. American Electric Power (AEP) and NextEra Energy (NEE) are posting significant losses.

Most of the other major sectors are showing only modest moves on the day, contributing to the lackluster performance by the broader markets.

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

###

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html