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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 August 17th edition of the Sterling Weekly is now available. A copy of which can be viewed (here). In this week's edition of the Sterling Weekly, we take a look at the talk of a second stimulus and what we should do. Please feel free to sign up to receive this edition of the Sterling Weekly when it is available.

We are currently offering free subscriptions to the Sterling Prime Stock Newsletter through September 1st, 2009. If you would like to take advantage of this offer, please click (here).

Our July 28th recommendation of Metavante Technologies 'MV' reached $32.26/share on August 6th for a gain of $4.24/share.

Our July 24th recommendation of Goodyear Tire 'GT' reached a high of $18.84/share on August 4th for a gain of $4.70/share.

Our August 3rd recommendation of Massey Energy 'MEE' @ $26.60/share surpassed our stated price target of $29.95/share on August 13th with an intra-day high of $30.56/share.

Our most recent Performance Report on the recommendations contained within the Sterling Prime Stock Newsletter can be found (here.) 16 or our last 20 recommendations were profitable. This is a 80% success rate with an average profit per trade of $0.82/share. Additionally archived copies of our Performance Reports are available (here.)

 

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PRIME STOCK NEWSLETTER FOR August 5th, 2009

(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 Tuesday slightly higher in a relatively broad based move that saw the majority of the sector indices I track move higher on the day. The strongest sectors were the Airlines, Banking, Biotech, Insurance, Networking, Natural Gas, Cyclicals, Healthcare Providers, Pharmaceuticals, Consumer, Broker/Dealer and Commodities. There was weakness in the Retailers, Telecom, Chemicals, Oil & Gas, and Transports. The High Tech indices were mixed. There was weakness in bonds as interest rates moved higher. Oil was higher on the day finishing at $71.72 and Gold was lower by $1.70 to finish the day at $967.70/ounce. .


Sterling Calendars for August 5th, 2009
Date Est. Time Release

For

Consensus Prior
08/05 8:15am ADP Employment Change July (340K) (473K)
08/05 10:00am Factory Orders June 0.5% 1.2%
08/05 10:00am ISM Services July 48.0 48.8
08/05 10:30am Crude Inventories 07/31   5.15M
08/06 8:30am Initial Claims 08/01    
08/07 8:30am Average Workweek July 33.0 33.0
08/07 8:30am Hourly Earnings July 0.1% 0.0%
08/07 8:30am Nonfarm Payrolls July (333k) (467k)
08/07 8:30am Unemployment Rate July 9.6% 9.5%
08/07 2:00pm Consumer Credit June ($4.1B) ($3.2B)
  Misc. Calendar
Date: Comments:
08/04 BMC Software 'BMC' announces earnings after the close. Est. $0.49
08/05 Cisco Systems 'CSCO' announces earnings after the close. Est. $0.44
08/05 Devon Energy 'DVN' announces earnings before the open. Est. $0.58
08/05 Dollar Tree Stores 'DLTR' announces earnings before the open. Est. $05.0
08/06 World Wrestling Ent. 'WWE' announces earnings before the open. Est. $0.19
08/07 HH Gregg 'HGG' announces earnings. Time N/A. Est. $0.03
  The full earnings calendar for this week can be found (here)

Recommendation: BUY

US Steel Corp. 'X'

Company: US Steel Corp. Symbol: 'X' Closing Price: $43.51

Web: www.ussteel.com

YH: $147.44 YL: $16.66 EPS: $3.12 P/E: 14

Shares Outstanding: 143 Million

Forecasted EPS:.($10.89) Market Cap.: $6.24 Billion
Dividend: $0.20 Yield: $0.50% Aver. Daily Trading Volume: 16 Million Shares  
Price Targets:  $63.50, and then $67.36 Downside Stop:  $41.41/share
Options Rec.: August 40 Calls @ $4.40/contract Options Symbol: FBJ HH

Additional information on US Steel Corp. 'X' can be found (here)

Company Description: United States Steel Corporation, through its subsidiaries, engages in the production and sale of steel products primarily in North America and Europe. The company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled Products segment offers slabs, sheets, tin mill products, and strip mill plates and rounds. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. It also produces iron ore pellets and coke. The USSE segment offers sheet, strip mill plate, tin mill and tubular products, and heating radiators and refractories in Europe. This segment serves construction, service center, conversion, container, transportation, appliance and electrical, oil and gas, and petrochemical industries. The Tabular Products segment offers seamless and electric resistance welded tubular products to oil and gas and petrochemical industries. United States Steel also provides transportation services, including railroad and barge operations; and engineering and consulting services to mining and mineral industries. The company also owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania. It also holds joint venture interest in various developing real estate projects in Alabama and Maryland; and owns approximately 4,000 acres of land in Ontario, Canada. United States Steel was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania..

Chart for Mosaic Company

Chart updates daily

Recent News:

08/03 Shares of metals makers jump AP (Mon, Aug 3)

  08/03 'Cash for Clunkers' seen also helping steelmakers at Reuters (Mon, Aug 3)
  07/28 US Steel reports 2Q loss as demand remains low  AP (Tue, Jul 28)
A full list of the news headlines for US Steel Corp. 'X' can be found (here)

Our Analysis: The shares of US Steel Corp. 'X' recently closed above a pair of key upside resistance levels on heavier than normal volume and in the process completed a "cup pattern" with a measured move to our upper price target. I am expecting the shares of 'X' to continue to move higher and test $63.50/share, the point from which they gapped lower on the open of trading on October 6th of last year. On a slightly longer term basis I am expecting the shares of 'X' to continue to move higher and test $67.36/share, the measured move from the "cup pattern" that was recently completed. I see downside support on the shares of 'X' @ $41.83 and have set my stops accordingly at $41.41/share.


Stocks Looking Higher

KIRK, BBBY, WMS, LINE, BYI, VRTX, GPI, CRAY, VRX, HGG, MV, SAX, BGFV, GE, MGM, JPM, AA, PEP, CAT, CHK, MS, USB,X, JBL, LEN, GT, XTO, WYNN, MAS, TRV, APC


Stocks Looking Lower
ORCL, ADM, GILD, UNH, TGT, GENZ, AYE, ARO, AEO, RSG

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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