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Hottest Deals of the Week
PRIME STOCK NEWSLETTER FOR DECEMBER 19th, 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 $0.375 above the purchase price and moved higher as the position moves higher.

Today’s Comments: The overall market finished Friday slightly lower. The overall trend of the market continues to remain positive, the economy remains strong. As a result, I am expecting continued upward movement through the end of the year. The Bottom Line: The market should move higher.


Recommendation:

Capital One Financial 'COF'

Company: Capital One Financial Symbol: 'COF' Closing Price: $85.74
Web http://www.capitalone.com
YH: $86.00 YL: $69.09 EPS: $6.63 P/E: 13
Shares Outstanding: 266 Million Forecasted EPS: $7.69 Market Cap.: $23 Billion
Dividend: $0.11 Yield: 0.10% Aver. Daily Trading Volume: 2.6 Million Shares  
Price Targets:  $97.47 and then $98.87 Downside Stop:  $85.03 /share
Options Rec.: January 85 Calls @ $3.10/contract Options Symbol: COFAQ

Company Description: Capital One Financial Corporation operates as a holding company, which provides various consumer financial products and services, primarily in the United States. The company, through its subsidiary, Capital One Bank, offers credit card products and accepts retail deposits, including certificates of deposit, money market accounts, and individual retirement accounts. Its other subsidiary, Capital One, F.S.B. offers consumer and commercial lending, and consumer deposit products. The company, through Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing, including financing for the purchase of new and used vehicles, as well as refinancing of existing motor vehicle loans. Capital One Financial also manages installment lending, healthcare financing, and small business lending activities. In addition, the company invests in the U.S. Treasury and other U.S. government agency obligations, collateralized mortgage obligations, and mortgage backed securities. Capital One Financial also operates in the United Kingdom and Canada. The company is headquartered in McLean, Virginia.

Recent News:
 
Our Analysis: The shares of Capital One Financial 'COF' set a new yearly closing high on heavier than normal trading volume Friday. In the process they completed a series of "cup patterns" with measured moves to our stated price targets. I see downside support on the shares of 'COF' at $85.44/share, and have set my stops accordingly at $85.03/share.
Click here for a chart on today's recommendation

 


INDICES
Dow Jones Industrial Average (INDU): Closed @ 10,875.59 Last Signal: Called Higher with the close of 10,823.72 on December 13th. Current Expectations: After feeling that we would see some profit taking in the Dow following its rise above 10,800 in late November, I now think that weakness has passed and we will resume our move upwards towards the end of the year. I am expecting the Dow Jones Industrial Average to move higher and test 10,940.55 on a closing basis.

S&P 500 (SPX): Closed @ 1,267.32 Last Signal: Called higher with the close of 1,267.43 on December 13th. Current Expectation: I am expecting the S&P 500 to continue to move higher and test 1,312.54 on a closing basis.

NASDAQ 100 (NDX): Closed @ 1,688.68 Last Signal: Called Higher with the close of 1,705.77 on December 13th. Current Expectations: I am expecting the NDX to continue to move higher and test 1,720.91 on a closing basis.

CBOE Ten Yr Treasury Index (TNX): Closed @ 4.448% Last Signal: Called Higher after the close of trading on November 30th with a close of 4.500% Current Expectations: This index should move higher and test then 4.6579% on a closing basis. NOTE: With yesterday's trading there is a chance we may see a trend reversal in the TNX.

Stocks Looking Higher
LUV, BSC, STXN, MHS, VRTX, MSTR, SNA, FLS, ABC, RHAT, JLL, COF, GOOG, SNDK, JPM

Stocks Looking Lower
MSFT, DELL, XOM, AAPL, QCOM, MOT, DIS, GM, HPQ, VLO, TXN, DOW

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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