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

Stock and Option Trading Ideas
 

Search

Stock & Bonds Investments Advice
Free Newsletter

The Sterling Weekly

Join our mailing list
and receive our FREE Weekly Newsletter!

subscribe unsubscribe

Sterling Investment Services has recently initiated research coverage on Sun River Energy, Inc. We feel that this company has excellent long term potential and is worth taking a serious look at. Additional information on Sun River Energy, Inc. (OTC BB: SNRV) can be found (here)


The October 13th edition of the Sterling Weekly is now available. A copy of which can be viewed (here). Please feel free to sign up to receive this edition of the Sterling Weekly when it is available.

 

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




Hottest Deals of the Week

PRIME STOCK NEWSLETTER FOR October 15th, 2008
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 Tuesday slightly lower on a day that saw the broader market mixed. The was strength in the Banking, Insurance, Broker/Dealer, Natural Gas, Transports, Pharmaceuticals, and the Oil & Gas indices. There was weakness in the Interactive, High Tech, Internet, Retailers, Disk Drive Manufacturers, Biotech, Networking, Chemical, Cyclical, Consumer, Commodities, and Telecom indices. The market failed to provide the appropriate follow through in order to reverse the current downward trend. The Bottom Line: A trend remains in place until it is broken. The overall market should move lower.


Sterling Calendar for October 15th, 2008
Economic Calendar
Date Est. Time Release For

Briefing.com

Consensus Prior
10/15 8:30am Core CPI Sep.   0.2% 0.2%
10/15 8:30am NY Empire St. Index Oct   (10.0%) (7.4%)
10/15 8:30am PPI Sep.   (0.3%) (0.9%)
10/15 8:30am Retail Sales Sep.   (0.4%) (0.3%)
10/15 8:30am Retail Sales - Ex. Auto Sep.   0.1% (0.7%)
10/15 10:00am Business Inventories Aug.   0.4% 1.1%
10/15 10:35m Crude Inventories 10/11      
10/15 2:00pm Fed's Beige Book        
Date: Misc. Calendar:
10/14 ADTRAN, Inc. 'ADTN' announce earnings before the open. Est. $0.35
10/14 Altera Corp. 'ALTR' announces earnings after the close. Est. $0.30
10/14 CSX Corp. 'CSX' announces earnings after the close. Est. $0.93
10/15 Intel 'INTC' announces earnings after the close. Est. $0.34
10/15 Johnson & Johnson 'JNJ' announces earnings. Time N/A. Est. $1.12
10/15 Pepsi 'PEP' announces earnings. Time N/A. Est. $1.18
10/15 Abbot Labs 'ABT' announces earnings before the open. Est. $0.77
10/15 AMR Corp. 'AMR' announces earnings before the open. Est. ($1.53)
10/15 Delta Airlines 'DAL' announces earnings. Time N/A. Est. $0.01
10/15 eBay 'EBAY' announces earnings. Time N/A. Est. $0.41
10/15 JP Morgan Chase 'JPM' announces earnings before the open. Est. ($0.12)
10/15 Piper Jaffray 'PJC' announces earnings before the open. Est. ($0.16)
10/15 Wells Fargo 'WFC' announces earnings before the open. Est. $0.43
10/15 Coca-Cola 'KO' announces earnings before the open. Est. $0.77
  The full earnings calendar for this week can be found (here)

Recommendation: Sell/Short

Weyerhaeuser Co. 'WY'

Company: Weyerhaeuser Co. Symbol: 'WY' Closing Price: $46.56
Web: www.weyeraeuser.com YH: $78.00 YL: $43.45 EPS: ($0.97) P/E: N/A

Shares Outstanding: 211 Million

Forecasted EPS:.$0.68 Market Cap.: $9.8 Billion
Dividend: $2.40 Yield: 5.0% Aver. Daily Trading Volume: 2.8 Million Shares  
Price Targets:  $38.04 and then $31.81 Upside Stop:  $47.67/share
Options Rec.: November $45 Puts @ $4.30/contract Options Symbol: WYWI
Additional information on Weyerhauser Co. "WY'' can be found (here)

Company Description: Weyerhaeuser Company engages in growing and harvesting timber, as well as in the manufacture, distribution, and sale of forest products primarily in the United States and Canada. The company manages approximately 6.4 million acres of self-owned and 0.7 million acres of leased commercial forestland in the United States; and has renewable long-term licenses on 15.1 million acres of forestland located in 5 provinces in Canada. It manufactures and distributes softwood lumber, engineered lumber, hardwood lumber, structural panels, veneer, plywood, and other specialty products for wood products dealers, do-it-yourself retailers, builders, and industrial users, as well as for the manufacturers of furniture and cabinetry. The company manufactures fluff fiber, papergrade fiber, and specialty chemical cellulose pulp; liquid packaging board for the production of containers for liquid products; and newsprint publication papers. It also produces containerboard products used to manufacture boxes and other packaging; manufactures boxes and other packaging products; and recycles used packaging and paper, as well as offers Kraft bags and sacks, and other products, such as SpaceKraft and bulk packaging, inks and plates, and preprinted linerboard. In addition, the company engages in constructing single-family housing; developing residential lots for its use and for sale; and making residential real estate investments. It also exports its products to Europe, Japan, and other Pacific Rim countries. The company, formerly known as Weyerhaeuser Timber Company, was founded in 1900 and is based in Federal Way, Washington.

Chart for Sun MicrosystemsChart updates daily

Recent News: 10/10 Weyerhaeuser plans to sell commercial construction business at bizjournals.com (Fri, Oct 10)
  10/08 Weyerhaeuser Canadian unit president leaves AP (Wed, Oct 8)
10/01 Weyerhaeuser to Release Third Quarter Earnings on Oct. 31 Business Wire (Wed, Oct 1)
A full list of the news headlines for Weyerhaeuser Co. "WY" can be found (here)
Our Analysis: The shares of Weyerhaeuser Co. 'WY' set a new mult-year closing low on heavier than normal trading volume yesterday. In the process they completed an inverted cup pattern with a measured move to out lower price target of $31.81/share. Both of these are very bearish trading signals. The shares of 'WY' should continue to move lower and test $38.04/share, a point of downside support previously established on October 9th, of 2002. If the shares of 'WY' close below that level then they should continue to move lower and test $31.81/share. I see upside resistance on the shares of 'WY' @ $47.27/share, and have set our stops accordingly at $47.67/share. .

Stocks Looking Higher

EBS, C, BAC, PFE, T


Stocks Looking Lower
INTC, TXN, FCX, AMZN, PNC, LVS, USO, STX, RSH, SVU, EXPE, AEO, ASML, ADTN,

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 1992-2008 Sterling Investment Services, Inc.
P.O.  Box 191767, Atlanta, GA. 31119-1767
Fax 404-816-8830
404-816-8240

Providing Investment Banking Consulting Services to Public Companies


 

 

©1999 - 2008 Copyrighted, All Rights Reserved