Sterling Investment Services for all your stock and options trading needs. Stock Tips

Stock and Option Trading Ideas
 

Search

Stock & Bonds Investments Advice

 

Market Data and Free Tools

Markets Overview
Market Momentum
NASDAQ
Commodities
52 Week Highs
52 Week Lows
Volume Leaders
Price Advances
Price Declines
Percent Advances
Percent Declines

Symbol Lookup
Custom Quotes
Custom Portfolio





PRIME STOCK NEWSLETTER FOR October 29th, 2010

(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 Thursday mixed with the Dow Jones Industrial Average finishing slightly lower while the S&P 500 and NASDAQ finished the day slightly higher. The overall market was mixed with there being strength in the Consumer, Commodities, Pharmaceuticals, Healthcare, Gold/Silver, Natural Gas, and Oil & Gas indices. There was weakness in the Oil Services, Cyclicals, and Chemicals. The High Tech and Banking indices were mixed. Oil was higher by $0.24 to $82.18 per barrel, and Gold was higher by $19.90 to $1,342.50 per ounce.



Recommendation: Buy

Ann Taylor Stores Corp. 'ANN'

Company: Ann Taylor Stores Corp. Symbol: 'ANN'

Closing Price: $22.52

Web: www.anntaylor.com

YH: $23.40 YL: $11.59 EPS: $0.74 P/E: 32

Shares Outstanding: 59 Million

Forecasted EPS:$1.17 Market Cap.: $1.4 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 2.2 Million Shares  
Price Targets:  $23.23 and then $24.86 Downside Stop:  $17.23
Options Rec.: Nov 20 Calls @ $3.40/contract Options Symbol: ANN K 20

Additional information on Ann Taylor Stores Corp. 'ANN' can be found (here)

Company Description: AnnTaylor Stores Corporation, through its subsidiaries, operates as a specialty retailer of women's apparel, shoes, and accessories primarily in the United States. The company’s stores offer a range of career and casual separates, dresses, tops, weekend wear, shoes, and accessories under the Ann Taylor, LOFT, Ann Taylor Factory, and LOFT Outlet brands. It serves customers through its traditional retail stores and on the Internet at anntaylor.com and LOFTonline.com, as well as by phone. As of January 30, 2010, it operated 907 retail stores, including 291 Ann Taylor stores, 506 LOFT stores, 92 Ann Taylor Factory stores, and 18 LOFT Outlet stores in 46 states, the District of Columbia, and Puerto Rico. The company was founded in 1986 and is headquartered in New York, New York.

Chart for Mosaic Company

Chart updates daily

Recent News: 10/28 Ann Taylor to increase number of factory outlets AP (Thu, Oct 28)
  10/27 UPDATE - Jones Group misses on cost pressures, shares drop at Reuters (Wed, Oct 27)
  10/22 Ann Taylor Hasn't Looked This Good In A While at Forbes (Fri, Oct 22)

A full list of the news headlines for Ann Taylor Stores Corp. 'ANN' can be found (here)

Our Analysis: The shares of Ann Taylor Stores Corp. 'ANN' set a new short term closing high on significantly heavier than normal trading volume. In the process the shares of 'ANN' completed a short term cup pattern with a measured move to our initial price target of $23.23/share. If the shares of 'ANN' close below that level, then I expect them to continue to move lower and test $24.86/share, a point of upside resistance established on May 12th of this year. I see downside support on the shares of 'ANN' @ $22.32/share, and have set my stops accordingly @ $21.93/share.


Stocks Looking Higher

OVTI, WTR, VRSN, DAN, AGN, ORCL, EMR, TMK, MEOH, KMT, INTC, DIS, TWX, ANN, NBL, UHS

Stocks Looking Lower
STX, CIEN, TGT, FTI, OSK, SHAW, VCI, DRC, LAZ, BIG

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.
Copyright 1992-2010 Sterling Investment Services, Inc.
P.O.  Box 191767, Atlanta, GA. 31119-1767
Fax 404-816-8830
404-816-8240

Sterling Logo
Providing Investment Banking Consulting Services to Public Companies


 

 

1999 - 2010 Copyrighted, All Rights Reserved