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| PRIME STOCK NEWSLETTER FOR February 24th, 2010 |
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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. |
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Today's Comments: The overall market moved moderately lower on Wednesday on a day that saw the majority of the sector indices I track move lower on the day. The weakest sectors were the Gold/Silver, Semiconductors, Banking, Commodities, Natural Gas, OIl & Gas, Broker/Dealer, Cyclicals, Biotech, High Tech, Telecom, Insurance, Chemicals, Consumer, Airlines, and Pharmaceuticals. The Transports were mixed. Bonds saw strength as interest rates moved lower. Oil was lower by $1.45 to $78.86 per barrel, and Gold was lower by $9.90 to $1,103.20 per ounce.
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| Sterling
Calendars for February 24th, 2010. |
| Date: |
Comments: |
| 02/23 |
DreamWorks Animation 'DWA' announces earnings after the close. Est. $0.37 |
| 02/23 |
Macy's 'M' announces earnings. Time N/A. Est. $1.32 |
| 02/24 |
American Tower 'AMT' announces earnings at 7:00am ET. Est $0.18 |
| 02/24 |
Dollar Tree Stores 'DLTR' announces earnings. Time N/A. Est. $1.43 |
| 02/24 |
Limited Brands 'LTD' announces earnings after the close. Est. $0.98 |
| 02/24 |
Transocean 'RIG' announces earnings before the open. Est. $2.56 |
| 02/25 |
Flour Corp. 'FLR' announces earnings after the close. Est. $0.88 |
| 02/25 |
Southwestern Energy 'SWN' announces earnings after the close. Est. $0.44 |
| 02/26 |
Fibria Celulose SA 'FIBR' announces earnings at 8:00am ET. Est. $0.28 |
The
full earnings calendar for this
week can be found (here) |
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Recommendation: Buy
Whole Foods Market, Inc. 'WFMI' |
| Company: Whole Foods Market, Inc. |
Symbol: 'WFMI' |
Closing
Price: $34.87 |
Web: www.wholefoodsmarket.com |
YH: $34.72 YL: $11.33 |
EPS: $0.85 P/E: 41 |
Shares
Outstanding: 141 Million |
Forecasted
EPS: $1.24 |
Market Cap.: $4.9 Billion |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 2.8 Million Shares |
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| Price Targets: $43.08 |
Downside Stop: $33.73/share |
| Options Rec.: March 35 Calls @ $1.02/contract |
Options
Symbol: WMFI C 35 |
Additional information on Whole Foods Market, Inc. 'WFMI' can be found (here)
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Company Description: Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also offers specialty products, such as beer, wine, and cheese; and body care and educational products, such as books, as well as floral, pet, and household products. As of September 27, 2009, the company operated 284 stores comprising 273 stores in 38 U.S. states and the District of Columbia; 6 stores in Canada; and 5 stores in the United Kingdom. Whole Foods Market, Inc. was founded in 1978 and is headquartered in Austin, Texas.
Chart updates daily |
| Recent
News: |
Too Much Noise Here Today. |
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A full list of the news headlines for Whole Foods Market, Inc. 'WFMI' can be found (here)
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Our Analysis: The shares of Whole Foods Markets, Inc. 'WFMI' set a new yearly closing high yesterday on significantly heavier than normal trading volume. In the process they completed a "cup pattern" with a measured move to our stated price target of $43.08/share. I see downside support on the shares of 'WFMI' @ $34.19/share, and have set my stops accordingly at $33.73/share.
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Stocks
Looking Higher |
THS, MAA, WSH, WFMI, SXI, FL, HD, ACAT, HVT, COO, CEC, BGH, KFT, CEPH, ROVI |
Stocks Looking Lower |
INTC, SLB, AA, AMAT, T, GLW, DELL, MGM, SYMC, HAL, DNR, VLO, LEN, NTAP, CTV, FSLR, SD, WDC, MAS, TM, AU, NFX, PDE |
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| Yesterday's Edition of the Prime Stock Newsletter |
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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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