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PRIME STOCK NEWSLETTER FOR June 3rd, 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.

Today's Comments: The overall market moved sharply higher on Wednesday in a broad based move that saw every sector index I track move higher on the day. The strongest sectors were the Airlines, Oil Services, Natural Gas, Commodities, High Tech, Banking, Transports, Oil & Gas, Insurance, Broker/Dealer, Cyclicals, Chemicals, Telecom, and Healthcare related indices. Oil was higher by $0.28 to $72.86 per barrel, and Gold was lower by $4.30 to $1,222.60 per ounce.

A couple of things I noticed from my review of the charts from yesterday's trading activity. The 1st being that a lot of the indices I track that had previously broken below their 200 day moving averages have simply rallied back towards them. While it looks like we may be in the process of finding support and therefore putting in a bottom, this doesn't mean a rally has started.

With respects to the Dow Jones Industrial Average; I see downside support at 9,908.39 and upside resistance at 10,296.85 on a closing basis. While today's trading activity may help clarify the direction of the Dow, remember a trend remains in place until it is broken.



Recommendation: Buy

DirecTV Group, Inc. 'DTV'

Company: DirecTV Group, Inc. Symbol: 'DTV'

Closing Price: $38.56

Web: www.direct.com

YH: $38.61 YL: $21.47 EPS: $1.34 P/E: 29

Shares Outstanding: 909 Million

Forecasted EPS: $2.37 Market Cap.: $35 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 10.5 Million Shares  
Price Targets:  $46.95 Downside Stop:  $37.87/share
Options Rec.: June 38 Calls @ $1.24/contract Options Symbol: DTV F 38

Additional information on DirecT Group, Inc. 'DTV' can be found (here)

Company Description: DIRECTV provides digital television entertainment in the United States and Latin America. The company provides direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States. It distributes approximately 2,000 digital video and audio channels, including basic entertainment and music channels, premium movie channels, regional and specialty sports networks, Spanish and other foreign language special interest channels, pay-per-view movie and event choices, and national high-definition television channels. The company also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the NFL games. In addition, it offers DTH digital television services in Latin America and the Caribbean, including Puerto Rico. The company provides its local and international programming under the DIRECTV and SKY brand names. As of December 31, 2009, it served approximately 18.56 million customers in the United States; and 6.5 million customers in Latin America. The company was founded in 1990 and is based in El Segundo, California..

Chart for Mosaic Company

Chart updates daily

Recent News: 05/27 DIRECTV Applauds Enactment of Satellite TV Bill Business Wire (Thu, May 27)
  05/20 Dish Network, Google offer TV Internet browsing at bizjournals.com 
  05/20 A look at cable, satellite TV earnings for 1Q AP (Thu, May 20)

A full list of the news headlines for DirecTV Group, Inc. 'DTV' can be found (here)

Our Analysis: The shares of DirecTV Group, Inc. 'DTV" set a new mult-year closing high yesterday on heavier than normal trading volume. This is a bullish trading signal. Since there is a limited amount of upside resistance on the shares of 'DTV' I am expecting them to continue to move higher and test $46.95/share, their all-time closing high established in March of 2000. I see downside support on the shares of 'DTV' @ $38.25/share, and have set my stops accordingly @ $37.87/share.


Stocks Looking Higher
LCC, RDY, DTV, TYHS, ABII, ALK, AGP, CPB, EW, VIRL, TGA, HPQ, DIS, FTR, CAH, CTL, GIS, SM
Stocks Looking Lower

RIG, TLAB, BMY, BBY, V, KG, CHS, DOX, ARST, LNCR


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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