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PRIME STOCK NEWSLETTER FOR MARCH 29th, 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: No Comments Today.


Sterling Calendars for March 29th, 2010.

Date

Est. Time Release

For

Consensus Prior
03/29 8:30am Personal Income Feb 0.1% 0.1%
03/29 8:30am Personal Spending Feb 0.3% 0.5%
03/29 8:30am PCE Prices - Cores Feb 0.1% 0.0%
03/30 9:00am Case-Shiller 20 City Index Jan. (0.6%) (3.1%)
03/30 10:00am Consumer Confidence Mar. 50.0 46.0
03/31 8:15am ADP Employment Change Mar. 40K (20K)
03/31 9:45am Chicago PMI Mar. 61.0 62.6
03/31 10:00am Factory Orders Feb. 0.5% 1.7%
03/31 10:30am Crude Inventories 03/27 N/A 7.25M
04/01 8:30am Continuing Claims 03/20 4,600K 4,648K
04/01 8:30am Initial Claims 03/27 440K 442K
04/01 10:00am Construction Spending Feb. (1.0%) (0.6%)
04/01 10:00am ISM Index Mar. 57.0 56.5
04/01 2:00pm Auto Sales Mar. N/A 3.7M
04/01 2:00pm Truck Sales Mar. N/A 4.2M
04/02 8:30am Nonfarm Payrolls Mar. 190K (36K)
04/02 8:30am Unemployment Rate Mar. 9.7% 9.7%
04/02 8:30am Average Workweek Mar. 33.9 33.8
04/02 8:30am Hourly Earnings Mar. 0.2% 0.1%
  Misc. Calendar
Date: Comments:
03/29 Apollo Grp. 'APOL' announces earnings before the open. Est. $0.81
03/30 Charming Shops 'CHRS' announces earnings. Time N/A. Est. ($0.13)
03/31 Dollar General 'DG' announces earnings. Time N/A. Est. $0.43
03/31 Immucor 'BLUD' announces earnings after the close. Est. $0.27
03/31 Micron Tech. 'MU' announces earnings. Time N/A. Est. $0.23
04/01 CarMax, Inc. 'KMX' announces earnings before the open. Est. $0.25
04/01 Movado 'MOV' announces earnings. Time N/A. Est. ($0.31)
04/02 Overstock.com 'OSTK' announces earnings. Time N/A. Est. $0.45
  The full earnings calendar for this week can be found (here)

Recommendation: BUY

Avon Products, Inc. 'AVP'

Company: Avon Products, Inc. Symbol: 'AVP'

Closing Price: $33.25

Web: www.avoncompany.com

YH: $36.39 YL: $18.60 EPS: $1.45 P/E: 23

Shares Outstanding: 427 Million

Forecasted EPS: $2.05 Market Cap.: $14.5 Billion
Dividend: $0.88 Yield: 2.60% Aver. Daily Trading Volume: 3.9 Million Shares  
Price Targets:  $34.08, and then $35.36 Downside Stop:  $32.71/share
Options Rec.: Options Data Unavailable at Time of Publication Options Symbol: N/A

Additional information on Avon Products, Inc. 'AVP' can be found (here)

Company Description: Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and children’s and nutritional products. Avon Products Inc. markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.

Chart for Mosaic Company

Chart updates daily

Recent News: 03/25 Thursday Deals: Schlumberger, Avon at Forbes.com (Thu, Mar 25)
  03/18 Avon Products to open new facility in Shanghai AP (Thu, Mar 18)
  03/16 Avon Launches Hello Green Tomorrow in More Than 65 Countries: A Global Women's Environmental Movement to Nurture Nature PR Newswire (Tue, Mar 16)

A full list of the news headlines for Avon Products, Inc. 'AVP' can be found (here)

Our Analysis: The shares of Avon Products, Inc. 'AVP' moved sharply higher on Friday on significantly heavier than normal trading volume. They finished the day by closing above several recently established upside resistance levels. The shares of 'AVP' should continue to move higher and test $34.08/share, the point from which they gapped lower on the open of trading on December 8th of last year. If the shares of 'AVP' close above that level, then they should continue to move higher and test $35.36/share, the point from which they gapped lower on the open of trading on December 7th of last year. I see downside support on the shares of 'AVP' @ $33.12/share, and have set my stops accordingly at $32.71/share.


Stocks Looking Higher
AAPL, LEN, MCD, WYNN, RTI, AAWW, SKX, FDO, KMX, TRV, PCP, ALL, RSH, TGT, DIS, WAG, AVP, SOL
Stocks Looking Lower
GE, ORCL, MSFT, PFE, INTC, CNX, CHK, STX, PBR, EMC, COP, MRK, CAG, NOV, AMT, SWN, ADI, HNZ, ECA, CY

Yesterday's Edition of the Prime Stock Newsletter
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