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| PRIME STOCK NEWSLETTER FOR January 4th, 2011 |
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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 finished 2010 mixed with the S&P 500 and NASDAQ finishing slightly lower while the Dow Jones Industrial Average finished the day slightly higher. The various market indices I track were mixed. There was strength in the Gold/Silver, Oil Services, Insurance, Commodities, Telecom, Banking, Broker/Dealer, Oil & Gas, Pharmaceuticals, Natural Gas, Cyclicals, Utiltities, Chemicals, and Consumer indices. There was weakness in the High Tech, Biotech, Retailers, Airlines, Healthcare, and Transports.
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| Sterling
Calendars for the Week of December January 3rd, 2011 |
Date |
Est.
Time |
Release |
For |
Consensus |
Prior |
| 01/03 |
10:00am |
Construction Spending |
Nov. |
0.2% |
0.7% |
| 01/03 |
10:00am |
ISM Index |
Dec. |
57.3 |
56.6 |
| 01/04 |
10:00am |
Facotry Orders |
Nov. |
(0.4%) |
(0.9%) |
| 01/04 |
2:00pm |
FOMC Minutes |
|
|
|
| 01/04 |
3:00pm |
Auto Sales |
Jan. |
3.7M |
3.8M |
| 01/04 |
3:00pm |
Truck Sales |
Jan. |
5.3M |
5.5M |
| 01/05 |
7:00am |
MBA Mortgage Purchase Index |
12/31 |
N/A |
(18.6%) |
| 01/05 |
7:30am |
Challenger Job Cuts |
Dec. |
N/A |
(3.3%) |
| 01/05 |
8:15am |
ADP Employment Change |
Dec. |
100K |
93K |
| 01/05 |
10:00am |
ISM Services |
Dec. |
55.7 |
55.0 |
| 01/05 |
10:30am |
Crude Inventories |
01/01 |
N/A |
(1.26M) |
| 01/06 |
8:30am |
Initial Claims |
01/01 |
405K |
388K |
| 01/06 |
8:30am |
Continuing Claims |
12/25 |
4,070K |
4,128K |
| 01/07 |
8:30am |
Nonfarm Payrolls |
Dec. |
132K |
39K |
| 01/07 |
8:30am |
Nonfarm Private Payrolls |
Dec. |
142K |
50K |
| 01/07 |
8:30am |
Unemployment Rate |
Dec. |
9.8% |
9.8% |
| 01/07 |
8:30am |
Average Workweek |
Dec. |
34.3 |
34.3 |
| 01/07 |
3:00pm |
Consumer Credit |
Nov. |
($2.5B) |
$3.4B |
| Date: |
Comments: |
| 01/05 |
Family Dollar 'FDO' releases earnings before the open. Est. $0.61 |
| 01/06 |
Monsanto 'MON' announces earnings before the open. Est. $0.02 |
| 01/06 |
Constellation Brands 'STZ' announces earnings before the open. Est. $0.62 |
| 01/06 |
Global Payment 'GPN' announces earnings after the close. Est. $0.67 |
| 01/06 |
Netspend 'NTSP' announces earnings after the close. Est. $0.09 |
| 01/06 |
Immucor 'BLUD' announces earnings after the close. Est. $0.27 |
| 01/07 |
KB Home 'KBH' announces earnings after the close. Est. ($0.17) |
The
full earnings calendar for this
week can be found (here) |
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Recommendation: Buy
' |
| Company: iShares Silver ETF. |
Symbol: 'SLV' |
Closing
Price: $29.53 |
Web: |
YH: $30.00 YL: $14.37 |
EPS: N/A P/E: N/A |
Shares
Outstanding: N/A |
Forecasted
EPS: N/A |
Market Cap.: $9.3 Billion |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 29 Million |
|
| Price Targets: $31.32 |
Downside Stop: $29.09 |
| Options Rec.: Jan 30 Call @ $0.99 |
Options
Symbol: SLV A 30 |
| Options Premium Sales Strategy |
| Options Rec. Jan 30 Call @ $0.99 |
Options Symbol: SLV A 30 |
| Break Even: $28.54 |
Profit Potential: $1.46 |
Est. Return: 5.1% |
Annualized Ret. (est): 60% |
Additional information on iShares Silver ETF 'SLV' can be found (here)
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Company Description: Rare Element Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada and the United States. The company primarily focuses on gold and rare-earth-elements. It holds a 100% interest in the Bear Lodge property located in northeast Wyoming. The company was incorporated in 1999 and is based in Vancouver, Canada..
 >
Chart updates daily |
A full list of the news headlines for iShares Silver ETF 'SLV' can be found (here)
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Our Analysis: The shares of
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Stocks
Looking Higher |
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Stocks Looking Lower |
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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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Fax 404-816-8830
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