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Hilbroy Advisory: Wall Street Closes Slightly Higher
Hilbroy Advisory: Wall Street Closes Slightly Higher
The Federal Reserve Bank of Philadelphia said its index of manufacturing in the mid-Atlantic region nearly doubled between January and February.
Montreal,
Quebec,
Canada
(prbd.net)
18/02/2011
Montreal, Quebec, February 17, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : Stocks finished higher on Thursday after a strong manufacturing report overshadowed a bigger-than-expected rise in the number of people applying for unemployment benefits.
The Federal Reserve Bank of Philadelphia said its index of manufacturing in the mid-Atlantic region nearly doubled between January and February. The surge in manufacturing was enough to offset a Labor Department report that applications for unemployment benefits rose 25,000 from the previous week.
The Dow Jones industrial average rose 29.97 points, or 0.24 percent, to 12,318.14. The Dow has been rising steadily this month, with only three down days in February. For the month, it’s up 3.6 percent. The Standard & Poor’s 500-stock index increased 4.11 points, or 0.31 percent, to 1,340.43. The Nasdaq composite gained 6.02 points, or 0.21 percent, to 2,831.58.
The government also reported that consumer prices in January were slightly higher than forecast, largely a result of rising food and gas prices. The Consumer Price Index rose 0.4 percent. The core index, which excludes food and energy costs, looked relatively tame, rising 0.2 percent.
Forecasters had expected to see the price index rise 0.3 percent last month, and the core index inch up 0.1 percent. Barrick Gold, Duke Energy and J. M. Smucker all rose after reporting stronger earnings results. Barrick, a gold mining company, posted an increase in quarterly profit, helped by higher production and lower costs. Its stock gained 1.9 percent.
Duke Energy’s net income grew 23 percent, helped by gains from selling assets and rising customer demand. Duke gained 2.4 percent. Profit fell at J.M. Smucker, maker of Jif peanut butter and Folgers coffee, but still beat analysts’ expectations. The company also raised its earnings outlook for the year. Smucker rose 4.2 percent.
Coca-Cola gained 1.8 percent after it announced that it had increased its dividend. The increase in claims for unemployment benefits and the continuing turmoil in the Middle East attracted investors to the relative safety of United States government debt. In the credit markets, United States Treasury prices moved higher.
The Treasury’s benchmark 10-year note rose 13/32, to 100 14/32, and the yield fell to 3.57 percent from 3.62 percent Wednesday. The dollar fell against other major currencies, however. The euro rose to $1.3604 late Thursday, from $1.3567 late Wednesday. The British pound rose to $1.6174, from $1.6092 Wednesday. The dollar index, which compares the United States dollar against six currencies, fell 0.28 percent Thursday.
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
info@hilbroyadvisory.com
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.
About
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.
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