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Hottest Deals of the Week
PRIME STOCK NEWSLETTER FOR NOVEMBER 2nd, 2005
Position Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher.  We recommend that stop orders be placed at the time of purchase,  and once the position has moved profitable we recommend a stop be placed a minimum of $0.25 above the purchase price and moved higher as the position moves higher.

Today’s Comments: The overall market finished Tuesday slightly lower in what hopefully was nothing more than a round of profit taking a strong move higher over the course of the previous few days. The weakest sectors on the day were the Utilities, Gold/Silver, Semiconductors, Pharmaceuticals, Airlines, Consumer, Computers, Banking, Healthcare Providers, Oil & Gas, Telecom, Retailers, and Biotech indices. There was strength Interactives, Insurance, Internet, Technology, Cyclicals, and Broker/Dealer indices. The overall trend of the market remains positive and I'm continuing to expect the overall market as measured by the indices discussed below to move towards their upper target levels. The Bottom Line: The overall market should move higher.


Sterling Calendar for November 2nd, 2005

Date Est. Time Release For

Briefing.com

Consensus Prior
11/02 10:30am Crude Inventories 10/28     4,414k
Date: Comments:
Nov. 02 BMC Software 'BMC' announces earnings after the close. Est. $0.23
Nov. 02 Devon Energy 'DVN' announces earnings before the open. Est. $1.78
Nov. 02 Qualcomm 'QCOM' announces earnings at 4:00pm. Est. $0.33
The full earnings calendar for this week can be found (here)

Recommendation:

Alcoa, Inc. 'AA'

Company: Alcoa, Inc. Symbol: 'AA' Closing Price: $24.60
Web http://www.alcoa.com YH: $34.99 YL: $22.28 EPS: $1.45 P/E: 17
Shares Outstanding: Million Forecasted EPS: $1.81

Market Cap.: $21 Billion

Dividend: $0.00 Yield: N/A Aver. Daily Trading Volume: 5.9 Million Shares
Price Targets:  $25.90 and then $29.67 Downside Stop:  $24.04/share
Options Rec.: November 25 Calls @ $0.35/contract Options Symbol: AAKE
Company Description: Alcoa, Inc. produces primary aluminum, fabricated aluminum, and alumina. It also markets consumer brands to its customers. The company offers flat rolled products, including sheet and plate, foil products, and can reclamation products; engineered products that include aerospace products, auto components, architectural extrusions, castings, extrusion, tube, and fasteners; and packaging and consumer products, which include consumer products, flexible packaging products, closures, machinery, graphics, food service packaging, protective packaging, polymerization, and extrusion. The company’s other products include telecommunications, auto engineering, and home exteriors. In addition, Alcoa offers nonaluminum products, including precision castings, industrial fasteners, vinyl siding, consumer products, food service and flexible packaging products, plastic closures, and electrical distribution systems for cars and trucks. Its products are used in aircraft, automobiles, commercial transportation, packaging, consumer products, building and construction, and industrial applications. Alcoa has operations in Asia, Australia, Europe, South America, and the United States. The company was formed in 1888 and is based in Pittsburgh, Pennsylvania.
Recent News: 11/01 Peabody acquires Kentucky coal reserves from Alcoa at Reuters (Tue 2:42pm)
 
10/18 Ferrari and Alcoa Announce Strategic Partnership to Develop Advanced Spaceframe Technology Business Wire (Tue, Oct 18)
Our Analysis: The shares of Alcoa, Inc. 'AA' have been moving higher since mid October when they set a new yearly low. Yesterday they closed above a key upside resistance level. This is a bullish trading signal. The shares are also a component of the Dow Jones Industrial Average which I have rated as moving higher from its current levels. The shares of 'AA' should continue to move higher and test $25.90/share, the point from which they gapped lower on the open of trading on September 23rd. If the shares of 'AA' close above that level, then they should continue to move higher and test $29.67/share, a point of upside resistance established on August 11th. I see downside support on the shares of 'AA' @ $24.45/share, and have set my stops accordingly @ $24.04/share.

INDICES
Dow Jones Industrial Average (INDU): Closed @ 10,406.77 Last Signal: None. Current Expectations: I am expecting the Dow Jones Industrial Average to move higher and test 10,441.11 and then 10,546.35 on a closing basis.

S&P 500 (SPX): Closed @ 1,202.76 Last Signal: none Current Expectation: I am expecting the S&P 500 to move higher and test 1,210.20 on a closing basis.

NASDAQ 100 (NDX): Closed @ 1,576.52 Last Signal: none Current Expectations: I am expecting the NDX move higher and test 1,605.59 on a closing basis.

CBOE Ten Yr Treasury Index (TNX): Closed @ 4.577% Last Signal: Called Higher after the close of trading on October 25th at 4.508% Current Expectations: This index made a very quick trend reversal and should continue to move higher and test then 4.624%

Stocks Looking Higher
DST, AXA, RHAT, ATAC, FCX, EDS, IRM, BNI, TEX, TEVA, MTN, LTR, HAE, SKYW, UNH, PAYX, SAFC, FLO, AMX, AET, FAST, GES, STA, MSFT, YHOO, SYMC, JPM, MOT, S, DIS, UNH, AIG, MAS, SNDK, AMT, COP, SPLS, AA, HON, DNA, XTO, ALL, GS, ET, X

Stocks Looking Lower
GM, BAX, DELL, INTC, TYC, AMAT, SGP, CD, TTWO, CVS, XMSR, ABX, MGM, MDT, SNM, WYE, CCU, SYY, SLE, LLTC, GR, MMM, KMB

Yesterday's Edition of the Prime Stock Newsletter
The Sterling Investment series of newsletters is produced by Sterling Investment Services, Inc.  If you would like to receive a chart on any index or stock mentioned in this report please contact us at the below mentioned numbers.  We also offer custom research reports on any stock investment that you may desire information on.  To receive further information on these services please visit our web page at:  www.sterlinginvestments.com   If you would like to contact us our # is 800-275-6901,  fax # (404)-816-8830  Email address is: enelson@sterlinginvestments.com  Sterling Investment Services may hold positions in the securities recommended or may be providing consulting services to the companies mentioned within this report.
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