Hilbroy advisory end of day market wrap up 24th jan 2010 |
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By: Jean Francois Amyot Posted: 2011-01-24 22:59:51 |
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Montreal,Quebec,January21, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) Weekly market wrap up.
Last week, majorly due to the fears that China will raise interest rates and the earning reports were mixed, most of the major indices fell during the week, with the S&P 500 declining 0.8%. China reported robust GDP growth which led to fears that the country will need to raise interest rates again to prevent its economy from overheating, forcing commodity prices lower. As a result, Materials (-3.2%) sector slid. Several of the major financial firms that reported quarterly results this week disappointed investors. Bank of America (BAC, -6.6%) slid after reporting a loss of $0.04 per share, excluding nonrecurring items, whereas the widely-considered estimate was $0.06. Citigroup (C, -4.7%) could not reach the estimates but reported profits. However, Goldman Sachs (GS, -5.0%), Wells Fargo (WFC, -0.7%) and Morgan Stanley (MS, +3.6%) exceeded expectations. IBM (IBM, +3.7%) exceeded expectations as revenue increased 6.6% year on year basis. General Electric (GE, +4.9%) reported better-than-expected earnings and forecasted increasing profits in the coming years. Those earnings helped the Dow (+0.7%) this week. Google (GOOG, -2.0%) reported 28.6% y/y revenue increase. Apple (AAPL, -6.2%) reported another strong quarter with 70.5% y/y revenue increase clearly exceeding the estimates. But CEO Steve Jobs’ indefinite medical leave affected the stock. Hewlett-Packard (HPQ, +2.1%) also did a reshuffle of its Board. The move follows the controversial decision to fire its previous CEO Mark Hurd. The 10 sectors showed mixed results, with three showing stronger gains, four showing modest gains of 0.2% or less, and three settling lower whereas Utilities rose 1.1%. 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 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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