Dominion Lending Centres Clearlease Reports Stocks have shown a notable move to the downside in early trading on Thursday
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Stocks have shown a notable move to the downside in early trading on Thursday, extending the downward move that was seen over the course of the previous session. The major averages have all fallen in to the red after ending Wednesday’s trading sharply lower.
Networking stocks are seeing significant weakness early on after industry giant Cisco Systems (CSCO) reported better than expected third quarter earnings but provided disappointing guidance. Shares of Cisco are currently down by 5.8 percent.
After the close of trading on Wednesday, Cisco reported third quarter adjusted earnings of $0.42 per share, unchanged from the year-ago quarter. The company also said its net sales for the quarter rose 5 percent to $10.9 billion. Analysts expected earnings of $0.37 per share on revenues of $10.86 billion.
However, Cisco said it expects fourth quarter earnings of $0.37 to $0.39 per share on sales growth of zero to 2 percent compared to analyst expectations for earnings of $0.42 per share on 7.1 percent sales growth.
Resource stocks are also seeing early weakness after helping to lead the markets lower on Wednesday, as commodities prices are extending the downward move seen in the previous session.
Crude oil futures are falling $1.86 to $96.35 a barrel after declining $5.67 to $98.21 a barrel on Wednesday, while gold futures, which fell $15.50 to $1,501.40 an ounce in the previous session, are sliding $10.30 to $1,491.10 an ounce.
Traders are also digesting a slew of economic data, including a report from the Labor Department showing that producer prices rose by more than expected in the month of April.
The Labor Department said its producer price index rose 0.8 percent in April following a 0.7 percent increase in March. The increase exceeded the expectations of most economists, who had forecast a slight slowdown in the pace of price growth to 0.6 percent.
Excluding the volatile food and energy sectors, the core producer price index increased by a more modest 0.3 percent in April following a matching increase in March.
A separate Labor Department report showed that initial jobless claims fell to 434,000 in the week ended May 7th from the previous week’s revised figure of 478,000. Economists had expected jobless claims to fall to 430,000 from the 474,000 originally reported for the previous week.
The Commerce Department also released a report showing that U.S. retail sales saw a moderate increase in the month of April, with the sales growth largely due to a jump in sales by gas stations amid higher gasoline prices.
The report showed that retail sales rose by 0.5 percent in April following an upwardly revised 0.9 percent increase in March. Economists had expected sales to increase by about 0.6 percent compared to the 0.4 percent growth originally reported for the previous month.
The major averages have seen some further downside in the past few minutes, falling to new lows for the young session. The Dow is down 73.03 points or 0.6 percent at 12,557.00, the Nasdaq is down 20.40 points or 0.7 percent at 2,824.66 and the S&P 500 is down 8.27 points or 0.6 percent at 1,333.81.
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
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Stocks have shown a notable move to the downside in early trading on Thursday, extending the downward move that was seen over the course of the previous session. The major averages have all fallen in to the red after ending Wednesday’s trading sharply lower.
Networking stocks are seeing significant weakness early on after industry giant Cisco Systems (CSCO) reported better than expected third quarter earnings but provided disappointing guidance. Shares of Cisco are currently down by 5.8 percent.
After the close of trading on Wednesday, Cisco reported third quarter adjusted earnings of $0.42 per share, unchanged from the year-ago quarter. The company also said its net sales for the quarter rose 5 percent to $10.9 billion. Analysts expected earnings of $0.37 per share on revenues of $10.86 billion.
However, Cisco said it expects fourth quarter earnings of $0.37 to $0.39 per share on sales growth of zero to 2 percent compared to analyst expectations for earnings of $0.42 per share on 7.1 percent sales growth.
Resource stocks are also seeing early weakness after helping to lead the markets lower on Wednesday, as commodities prices are extending the downward move seen in the previous session.
Crude oil futures are falling $1.86 to $96.35 a barrel after declining $5.67 to $98.21 a barrel on Wednesday, while gold futures, which fell $15.50 to $1,501.40 an ounce in the previous session, are sliding $10.30 to $1,491.10 an ounce.
Traders are also digesting a slew of economic data, including a report from the Labor Department showing that producer prices rose by more than expected in the month of April.
The Labor Department said its producer price index rose 0.8 percent in April following a 0.7 percent increase in March. The increase exceeded the expectations of most economists, who had forecast a slight slowdown in the pace of price growth to 0.6 percent.
Excluding the volatile food and energy sectors, the core producer price index increased by a more modest 0.3 percent in April following a matching increase in March.
A separate Labor Department report showed that initial jobless claims fell to 434,000 in the week ended May 7th from the previous week’s revised figure of 478,000. Economists had expected jobless claims to fall to 430,000 from the 474,000 originally reported for the previous week.
The Commerce Department also released a report showing that U.S. retail sales saw a moderate increase in the month of April, with the sales growth largely due to a jump in sales by gas stations amid higher gasoline prices.
The report showed that retail sales rose by 0.5 percent in April following an upwardly revised 0.9 percent increase in March. Economists had expected sales to increase by about 0.6 percent compared to the 0.4 percent growth originally reported for the previous month.
The major averages have seen some further downside in the past few minutes, falling to new lows for the young session. The Dow is down 73.03 points or 0.6 percent at 12,557.00, the Nasdaq is down 20.40 points or 0.7 percent at 2,824.66 and the S&P 500 is down 8.27 points or 0.6 percent at 1,333.81.
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 Stocks have shown a notable move to the downside in early trading on Thursday
VANCOUVER, BC – (May 12, 2011) Clearlease Reports Stocks have shown a notable move to the downside in early trading on Thursday, extending the downward move that was seen over the course of the previous session. The major averages have all fallen in to the red after ending Wednesday’s trading sharply lower.
Networking stocks are seeing significant weakness early on after industry giant Cisco Systems (CSCO) reported better than expected third quarter earnings but provided disappointing guidance. Shares of Cisco are currently down by 5.8 percent.
After the close of trading on Wednesday, Cisco reported third quarter adjusted earnings of $0.42 per share, unchanged from the year-ago quarter. The company also said its net sales for the quarter rose 5 percent to $10.9 billion. Analysts expected earnings of $0.37 per share on revenues of $10.86 billion.
However, Cisco said it expects fourth quarter earnings of $0.37 to $0.39 per share on sales growth of zero to 2 percent compared to analyst expectations for earnings of $0.42 per share on 7.1 percent sales growth.
Resource stocks are also seeing early weakness after helping to lead the markets lower on Wednesday, as commodities prices are extending the downward move seen in the previous session.
Crude oil futures are falling $1.86 to $96.35 a barrel after declining $5.67 to $98.21 a barrel on Wednesday, while gold futures, which fell $15.50 to $1,501.40 an ounce in the previous session, are sliding $10.30 to $1,491.10 an ounce.
Traders are also digesting a slew of economic data, including a report from the Labor Department showing that producer prices rose by more than expected in the month of April.
The Labor Department said its producer price index rose 0.8 percent in April following a 0.7 percent increase in March. The increase exceeded the expectations of most economists, who had forecast a slight slowdown in the pace of price growth to 0.6 percent.
Excluding the volatile food and energy sectors, the core producer price index increased by a more modest 0.3 percent in April following a matching increase in March.
A separate Labor Department report showed that initial jobless claims fell to 434,000 in the week ended May 7th from the previous week’s revised figure of 478,000. Economists had expected jobless claims to fall to 430,000 from the 474,000 originally reported for the previous week.
The Commerce Department also released a report showing that U.S. retail sales saw a moderate increase in the month of April, with the sales growth largely due to a jump in sales by gas stations amid higher gasoline prices.
The report showed that retail sales rose by 0.5 percent in April following an upwardly revised 0.9 percent increase in March. Economists had expected sales to increase by about 0.6 percent compared to the 0.4 percent growth originally reported for the previous month.
The major averages have seen some further downside in the past few minutes, falling to new lows for the young session. The Dow is down 73.03 points or 0.6 percent at 12,557.00, the Nasdaq is down 20.40 points or 0.7 percent at 2,824.66 and the S&P 500 is down 8.27 points or 0.6 percent at 1,333.81.
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