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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 May 27th of the Sterling Weekly is now available. A copy of which can be viewed (here). 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 July 10th, 2009. If you would like to take advantage of this offer, please click (here).

 

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PRIME STOCK NEWSLETTER FOR June 5th, 2009

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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 moved moderately higher yesterday in a relatively broad based move that saw the majority of the various sector indices I track move higher on the day. The strongest sectors were the Banking, Broker/Dealer, Cyclicals, Commodities, Insurance, Natural Gas, High Tech, Oil & Gas, Chemicals, and Telecom indices. There was weakness in the Healthcare Providers, Retailers, Airlines, and Consumer indices. Bonds were weak again as interest rates moved higher on the day. Gold continued to inch closer to the $1,000 per ounce mark.

I continue to have concern over the light volume in the major indices and several of the normally heavy volume stocks. I would feel a lot more comfortable with the up days showing a lot more volume. Until then I have concerns that the current quasi upward trend could turn south at any point in time.


Sterling Calendars for June 5th, 2009
Date Est. Time Release

For

Consensus Prior
06/05 8:30am Average Workweek May 33.2 33.2
06/05 8:30am Nonfarm Payrolls May (550K) (539K)
06/05 8:30am Unemployment Rate May 9.2% 8.9%
06/05 2:00pm Consumer Credit May 9.2% 8.9%
  Misc. Calendar
Date: Comments:
06/04 Wind River Systems 'WIND' announces earnings after the close. Est. $0.05
06/05 Exide 'XIDE' announces earnings. Time N/A. Est. ($0.22)
  The full earnings calendar for this week can be found (here)

Recommendation: BUY

Synaptics, Inc. 'SYNA'

Company: Synaptics, Inc. Symbol: 'SYNA' Closing Price: $37.57

Web: www.synaptics.com

YH: $38.50 YL: $13.85 EPS: $1.24 P/E: 30

Shares Outstanding: 34 Million

Forecasted EPS:.$2.16 Market Cap.: $1.28 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 1.4 Million Shares  
Price Targets:  $40.57, and then 57.84 Downside Stop:  $35.71/share
Options Rec.: Options Data Unavailable at Time of Publication Options Symbol: N/A

Additional information on Synaptics, Inc. 'SYNA' can be found (here)

Company Description: Synaptics Incorporated develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. It targets the personal computer (PC) market and the market for digital lifestyle products, including portable digital music and video players, mobile phones, and other select electronic device markets with its customized interface solutions. The company provides custom interface solutions for navigation, cursor control, and multimedia controls for PC original equipment manufacturers (OEMs). In addition to notebooks, other PC applications for its technology include peripherals, such as keyboards, mice, and monitors, as well as desktop and PC remote control applications. The company’s solutions for the PC market primarily include the TouchPad, a touch-sensitive pad that senses the position of a person’s finger on its surface; the TouchStyk, an integrated pointing stick module; and dual pointing solutions, which combine both a TouchPad and a pointing stick into a single notebook computer enabling the users to use the interface of their choice. Synaptics’ user interface solutions for digital lifestyle products comprise the ScrollStrip and TouchRing, which are scrolling solutions that allow users to navigate through menus and content; LightTouch capacitive buttons, which provide illuminated button functionality; and MobileTouch, NavPoint, and ClearPad. The company sells its products to PC OEMs, as well as to various consumer electronics manufacturers primarily in the United States, Taiwan, China, Korea, Japan, Hong Kong, Switzerland, Singapore, and Malaysia. Synaptics Incorporated was founded in 1986 and is based in Santa Clara, California..

Chart for Mosaic Company

Chart updates daily

Recent News:
  04/23 Synaptics doubles Q3 profit to $6.1M  at bizjournals.com (Thu, Apr 23)
   
A full list of the news headlines for Synaptics, Inc. 'SYNA'' can be found (here)

Our Analysis: The shares of Synaptics, Inc. 'SYNA' set a new yearly closing high yesterday on heavier than normal trading volume. In the process they completed a "cup pattern" with a measured move to our upper price target of $57.84/share. In the shorter term, the shares of 'SYNA' should continue to move higher and test $40.57/share, their all time closing high. If the shares of 'SYNA' close above this level it would be very bullish due to the fact that their is not any overhead resistance on the shares of 'SYNA' once it closes above that level. I see downside resistance on the shares of 'SYNA' @ $36.16/share, and have set my stops accordingly at $35.71/share


Stocks Looking Higher

URS, ACTU, SAFM, ARUN, SYNA, MVSN, COKE, PALM, TLAB, NTES, SYMM, ENOE, MV, ICUI, BDSI, MSFT, AA, QCOM, AAPL, PALM, YHOO, V, CBS, AKS, MCRS, TEVA, TRV, BA, JASO, IVZ, LM, FLR, TEL, NSC, JCI, AMTD, RDC, HON, ARO, UNP, TROW, A


Stocks Looking Lower
COV, VLO, PFE, MSFT, BAX, DTV, COST, LMDIA, PSC, KBH, LEAP, GCA

Yesterday's Edition of the Prime Stock Newsletter
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