Hilbroy advisory end of day market wrap up 26th jan 2010 |
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By: Jean Francois Amyot Posted: 2011-01-26 22:51:05 |
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Montreal,Quebec,January25th, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) End of the day, market wrap up.
The early trade saw weak beginning following mixed action overseas. The news that United Kingdom fourth quarter GDP fell 0.5% and concerns over Spain’s banks’ capital health took the bourses lower, in Europe. Japan's Nikkei saw a steep rise amid news that the Bank of Japan increased its GDP forecast to 3.3% from 2.1% and left its key rate at 0.1% whereas China's Shanghai Composite and Hong Kong's Hang Seng slid. The Consumer Confidence Index for January came in at an eight-month high of 60.6 exceeding the widely-regarded expectations. The report helped the broad market recover from an opening slip. Selling pressure built up which kept stocks declining almost all afternoon and the S&P 500 down as much as 0.8%. The major averages were eventually pushed back to the flat line as buyers surfaced in time. Energy stocks and financial stocks were down in excess of 1% at their session lows, but each recovered into the close. Even solid earnings failed to drive the broader market majorly because of increased expectations as the Dow remains near its best level in two years. S&P 500 and the Nasdaq Composite also set their two-year highs last week. Telecom was the best performing sector. It advanced 1.0% amid strength in Verizon (VZ 35.79, +0.55), which actually came short of the consensus earnings estimate. Financials slid just 0.2%. American Express (AXP 44.80, -0.99) slid despite its in-line results. Travelers (TRV 56.23, +0.61) saw a rise following news of an upside earnings surprise. Energy saw 0.3% slid. A surprising upside earnings report for its latest quarter helped Baker Hughes (BHI 62.32, +2.95). Another drop in oil prices in a month, dropping 1.9% to $86.19 per barrel, had the other members of the sector slide. Johnson & Johnson (JNJ 61.08, -1.02) and 3M (MMM 88.50, -1.82) slid despite better-than-expected earnings which were overshadowed by disappointing forecasts. About Hilbroy Advisory Inc. Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential. Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking • Go Public strategy, • Debt and or equity financing • Identify prospective investors • Hire investor relations firm • Cross listing decisions • Planning road-shows and promotional campaigns. Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities. Contact Information: Jean François Amyot HilbroyAdvisory, Inc. 1400 rue Begin Montreal, QC H4R 1X1 Important Information About Forward-Looking Statements All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions. |
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