Hilbroy Advisory End Of Day Market Wrap Up |
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By: Jean Francois Amyot Posted: 2011-01-19 23:44:17 |
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Montreal,Quebec,January18th, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) End of the day, market wrap up.
Market managed to settle higher with varied gains good enough to make for fresh two-year closing highs despite Citigroup and Apple’s performance slowed down the major equity averages throughout the session. The news of Chief Executive Steve Jobs taking another medical leave affected the opening trade of Apple (AAPL 340.65, -7.83) as it opened more than 6% lower. However ahead of its quarterly report shares of AAPL experienced some of the heaviest trading volume in almost one year. The latest quarterly report from Citigroup (C 4.80, -0.33) disappointed sending the shares to their steepest loss in more than six months. American Express (AXP 46.37, +0.12) and Discover Financial (DFS 20.74, +0.36) reported results at par with the expectations following the publication of monthly card metrics. These two consumer finance players supported the financial sector as a whole. Comerica (CMA 37.84, -3.51) shares were rejected in response to news that it will acquire Sterling Bank (SBIB 8.93, +1.23) for $10 per share, a 30% premium over its closing price last week. Though, it reported positive earnings. Overall market managed to report modest gains. As far as S&P 500 is concerned, advancing issues overcame decliners by 3-to-2. 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: Jean François Amyot HilbroyAdvisory, Inc. 1400 rue Begin Montreal, QC H4R 1X1 Tel: 514-334-3131 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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