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| PRIME
STOCK NEWSLETTER FOR July 23rd, 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. |
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Today's Comments: No Comments Today.
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| Sterling
Calendars for July 23rd, 2009 |
| Date: |
Comments: |
| 07/23 |
3M Company 'MMM' announces earnings Time N/A. Est $0.94 |
| 07/23 |
AT&T 'T' announces earnings before the open. Est. $0.51 |
| 07/23 |
CIT Group 'CIT' announces earnings before the open. Est. ($0.41) |
| 07/23 |
Ford Motor 'F' announces earnings before the open. Est. ($0.56) |
| 07/23 |
McDonalds 'MCD' announces earnings before the open. Est. $0.96 |
| 07/23 |
Microsoft 'MSFT' announces earnings after the close. Est. $0.36 |
| 07/24 |
Black & Decker 'BDK' announces earnings. Time N/A. Est. $0.37 |
The
full earnings calendar for this
week can be found (here) |
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Recommendation: BUY
Ross Stores, Inc. 'ROST' |
| Company: Ross Stores, Inc. |
Symbol: 'ROST' |
Closing
Price: $43.91 |
Web: www.rossstores.com |
YH: $44.70 YL: $21.70 |
EPS: $2.45 P/E: 18 |
Shares
Outstanding: 127 Million |
Forecasted
EPS:.$2.87 |
Market Cap.: $5.6 Billion |
| Dividend: $0.44 |
Yield: 1.00% |
Aver.
Daily Trading Volume: 2.8 Million Shares |
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| Price Targets: $44.53, and then $60.52 |
Downside Stop: $40.91/share |
| Options Rec.: August 45 Calls @ $1.20/contract |
Options
Symbol: REQ HI |
Additional
information on Ross Stores, Inc. 'ROST' can be found (here)
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Company Description: Ross Stores, Inc., together with its subsidiaries, operates two chains of off-price retail apparel and home accessories stores in the United States. Its stores offer branded and designer apparel, footwear, and home fashions for the entire family, as well as gift items, linens, and other home-related merchandise. The company’s merchandise offerings also comprise product categories, such as small furniture and furniture accents, educational toys and games, luggage, gourmet food and cookware, watches, sporting goods, and fine jewelry. As of January 31, 2009, it operated 956 stores, including 904 Ross stores and 52 dd’s DISCOUNTS stores. The company was founded in 1957 and is headquartered in Pleasanton, California.
Chart updates daily |
A
full list of the news headlines
for Ross Stores, Inc. 'ROST' can
be found (here) |
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Our Analysis: The shares of Ross Stores, Inc. 'ROST' set a new all-time closing high yesterday on relatively high trading volume. The shares of 'ROST' recently completed a pair of "cup patterns" with measured moves to our stated price targets. I see downside support on the shares of 'ROST' @ $41.31/share, and have set our stops accordingly at $40.91/share.
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Stocks
Looking Higher |
BBBY, ROST, MU, WLK, LZ, ARUN, AN, SLAB, AAP. CY, INTC, PFE, YHOO, STX, QCOM, DOW, MRVL, JCI, FLEX
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Stocks Looking Lower |
AMD, EBAY, STJ, KO, GENZ, ABT, ATI
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| Yesterday's
Edition of the Prime Stock Newsletter |
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by Sterling Investment Services, Inc. If
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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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P.O. Box 191767, Atlanta, GA. 31119-1767
Fax 404-816-8830
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