Montreal, Quebec, January31st, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) End of the day, market wrap up.
Sharp selling Friday resulted in modest losses but the major indices were poised to gain for the eighth out of nine week. Earnings reports acted as the primary drivers of equities. Economic data continued to paint of picture of recovery as annualized real GDP in the fourth quarter rose 3.2%.
The S&P 500 declined -0.5%. Seven of the 10 of the sectors settled in the red, though selling interest was mixed with only 51% of S&P 500 stocks trading lower.
Energy (+1.2%) and materials (+0.9%) performed very well and thanks to better-than-expected results from the likes of Halliburton (HAL, +12.0%) and AK Steel (AKS, +10.5%).
Several companies missed on revenue and issued tepid guidance. The flood of earnings reports this week included 14 Dow components. Results for the latest quarter were generally more than estimates, with 11 Dow companies posting better-than-expected EPS.
Cyclical names DuPont (DD, +4.0%) and Caterpillar (CAT, +3.2%) also outperformed on the heels of strong earnings reports as revenue surged 15% and 68%, y/y, respectively.
American Express (AXP, -4.7%) doesn’t live up to expectations. Boeing (BA, -3.4%) was also a lack behind after coming up short on revenue as the company’s new flagship airliner remains muddled in delays.
Netflix (NFLX, +19.7%) rallied after reporting huge results and issuing upside guidance. Netflix is now worth a whopping $11.3 bln and trades at a forward price-to-earnings multiple of 50x.
Amazon (AMZN, -3.5%) failed to meet the market’s lofty expectations. The company topped estimates for the current quarter, but a moderate earnings forecast was met with selling pressure.
Ford Motor (F, -9.4%) disappointed by their earnings report. Revenue declined by a smaller-than-expected 6.6%, though earnings came well short of expectations as costs increased and European operations posted a loss.
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
[email protected]
www.hilbroyadvisory.com
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.
