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Sterling Investment Services has recently initiated research coverage on Sun River Energy, Inc. We feel that this company has excellent long term potential and is worth taking a serious look at. Additional information on Sun River Energy, Inc. (OTC BB: SNRV) can be found (here)


The August 17th edition of the Sterling Weekly is now available. A copy of which can be viewed (here). In this week's edition of the Sterling Weekly, we take a look at the talk of a second stimulus and what we should do. Please feel free to sign up to receive this edition of the Sterling Weekly when it is available.

We are currently offering free subscriptions to the Sterling Prime Stock Newsletter through September 1st, 2009. If you would like to take advantage of this offer, please click (here).

Our July 28th recommendation of Metavante Technologies 'MV' reached $32.26/share on August 6th for a gain of $4.24/share.

Our July 24th recommendation of Goodyear Tire 'GT' reached a high of $18.84/share on August 4th for a gain of $4.70/share.

Our August 3rd recommendation of Massey Energy 'MEE' @ $26.60/share surpassed our stated price target of $29.95/share on August 13th with an intra-day high of $30.56/share.

Our most recent Performance Report on the recommendations contained within the Sterling Prime Stock Newsletter can be found (here.) 16 or our last 20 recommendations were profitable. This is a 80% success rate with an average profit per trade of $0.82/share. Additionally archived copies of our Performance Reports are available (here.)

 

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PRIME STOCK NEWSLETTER FOR July 29th, 2009

(If you do not see today's edition, please hit the refresh button)

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 Tuesday mixed with the Dow Jones Industrial Average and the S&P 500 finishing lower on the day, and the NASDAQ 100 finishing slightly higher on the day. The strongest sectors were the Airlines, Disk Drive Manufacturers, Biotech, Retailers, Banking, High Tech, Healthcare Providers, and Telecom indices. There was weakness in the Commodities, Natural Gas, Insurance, Broker/Dealer, Oil & Gas, Networking, Chemicals, Transports, and Cyclicals. Bonds were mixed on the day. Oil was down $0.44 to $66.79, and Gold finished the day up $0.60 to $939.70 an ounce.


Sterling Calendars for July 29th, 2009
Date Est. Time Release

For

Consensus Prior
07/29 8:30am Durable Orders Jun (0.5%) 1.8%
07/29 8:30am Durable Orders, Ex. Transportation Jun 0.1% 1.1%
07/29 10:30am Crude Inventories 07/24   (1.80M)
07/29 2:00pm Fed's Beige Book      
07/30 8:30am Initial Claims 07/25 585K 554K
07/31 8:30am GDP-Advance Q2 (1.5%) (5.5%)
07/31 8:30am Core PCE Q2 2.4% 1.6%
07/31 8:30am Chain Deflator-Adv. Q2 1.0% 2.8%
07/31 8:30am Employment Cost Index Q2 0.3% 0.3%
07/31 9:45am Chicago PMI Jul 42.0 39.9
  Misc. Calendar
Date: Comments:
07/28 US Steel Corp. 'X' reports earnings. Time N/A. Est. ($3.45)
07/29 FBR Capital Markets 'FBCM' announces earnings before the open. Est. ($0.17)
07/29 Hartford Financial Services 'HIG' announces earnings after the close. Est. $1.16
07/29 O'Reilly Automotive 'ORLY' announces earnings at 6:30pm. Est. $0.55
07/30 Automatic Data Processing 'ADP' announces earnings before the open. Est. $0.45
07/30 Barrick Gold 'ABX' reports earnings before the open. Est. $0.38
07/30 Colgate-Palmolive 'CL' reports earnings. Time N/A. Est. $1.05
07/30 ExxonMobile 'XOM' reports earnings before the open. Est. $1.03
07/30 Genworth Financial 'GNW' reports earnings. Time N/A. Est $0.15
07/30 Goodyear Tire 'GT' reports earnings before the open. Est. ($0.64)
07/30 Walt Disney Co. 'DIS' reports earnings at 4:01pm ET. Est. $0.50
07/31 AutoNation 'AN' reports earnings. Time N/A. Est. $0.24
07/31 Chevron 'CVX' reports earnings. Time N/A. Est. $0.95
07/31 Sempra Energy 'SRE' reports earnings at 9:00am ET. Est. $0.97
  The full earnings calendar for this week can be found (here)

Recommendation: BUY

Discovery Communications, Inc. 'DISCA'

Company: Discovery Communications Symbol: 'DISCA' Closing Price: $24.40

Web: www.corporate.discovery.com

YH: $24.45 YL: $10.02 EPS: $1.12 P/E: 16

Shares Outstanding: 281 Million

Forecasted EPS:.$1.28 Market Cap.: $6.8 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 1.7 Million Shares  
Price Targets:  $26.50, and then $27.01 Downside Stop:  $23.11/share
Options Rec.: August 25 Calls @ $0.70/contract Options Symbol: UIQ HE

Additional information on Discovery Communications, Inc. 'DISCA'' can be found (here)

Company Description: Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company operates cable and satellite television networks in the United States, including Discovery Channel, TLC, Animal Planet, Discovery Health, Discovery Kids, Science Channel, Planet Green, Investigation Discovery, Military Channel, FitTV, and HD Theater. It also distributes a network of 21 international television brands, including Discovery Channel; Discovery Channel; Discovery Science; Investigation Discovery; Discovery Turbo; Discovery World; HD Networks, Discovery Lifestyle Networks, such as Discovery Travel & Living, Discovery Home & Health, and Discovery Real Time; DMAX; Discovery Kids; People+Arts, Discovery en Español, and Discovery Familia. In addition, the company provides education services, including Discovery Education Streaming, an online video-on-demand teaching service; and Discovery Education Assessment, a service that enables K-12 educators to measure student progress. Additionally, it offers sound, music, mixing sound effects, and other related services to motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies, and interactive producers; and operates an e-commerce site, DiscoveryStore.com. Discovery Communications has a joint venture agreement with Hasbro Inc. The company is headquartered in Silver Spring, Maryland..

Chart for Mosaic Company

Chart updates daily

Recent News:
  04/20A Painful Discovery? at CNBC (Mon, Jul 20)
   
A full list of the news headlines for Discovery Communications, Inc. 'DISCA'' can be found (here)

Our Analysis: The shares of Discovery Communications, Inc. 'DISCA' set a new yearly closing high on heavier than normal trading volume. In the process they completed a cup pattern with a measured move to our upper price target of $27.01/share. Prior to reaching this upper price target the share of 'DISCA' should obviously continue to move higher and test $26.50/share, a point of upside resistance that was established on May 15th of last year. I see downside support on the shares of 'DISCA' @ $23.55/share and have set my stops accordingly at $23.11/share.


Stocks Looking Higher

IRM, SMG, WFMI, CREE, CAAS, MHS, ACF, MFE, GE, DELL, TXT, AET, MOT, AMGN, NWSA, CAT, MO, MRVL


Stocks Looking Lower

INTC, ODP, HAL, VLO, AXP, FCX, QCOM, SLB, BJS


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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