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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)


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We are currently offering free subscriptions to the Sterling Prime Stock Newsletter through July 10th, 2009. If you would like to take advantage of this offer, please click (here).

 

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PRIME STOCK NEWSLETTER FOR June 1st, 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 moved moderately higher Friday in a broad based move that saw the majority of the sector indices I track move higher on the day. The strongest sectors were the Transports, Chemicals, banking, Cyclicals, Airlines, Oil & Gas, healthcare Providers, Commodities, Insurance, Retailers, Broker/Dealer, and High Tech indices. There was weakness in the Disk Drive Manufacturers. There was strength again in the bond market as interest rates moved lower. .


Sterling Calendars for June 1st, 2009
Date Est. Time Release

For

Consensus Prior
06/01 8:30am Personal Income Apr. (0.2%)  
06/01 8:30am Personal Spending Apr. (0.2%)  
06/01 10:00am Construction Spending Apr. (1..8%)  
06/01 10:00am ISM Index May 42.0  
06/02 10:00am Pending Home Sales Apr.   3.2%
06/02 2:00pm Auto Sales May   3.2M
06/02 2:00pm Truck Sales May   3.8M
06/03 8:15am ADP Employment Change May (543K) (491K)
06/03 10:00am Factory Orders Apr. 0.3% (0.9%)
06/03 10:00am ISM Services May 45.0 43.7
06/03 10:30am Crude Inventories 05/29   (5.41M)
06/04 8:30am Initial Claims 05/30   623K
06/04 8:30am Productivity-Revised Q1 1.2% 0.8%
06/04 8:30am Unit Labor Costs Q1 2.9% 3.3%
06/05 8:30am Average Workweek May 33.2 33.2
06/05 8:30am Nonfarm Payrolls May (550K) (539K)
06/05 8:30am Unemployment Rate May 9.2% 8/9%
06/05 2:00pm Consumer Credit May 9.2% 8.9%
  Misc. Calendar
Date: Comments:
06/01 Apollo Investment Corp. 'AINV' announces earnings after the close. Est. $0.35
06/01 Lions Gate Entertainment 'LGF' announces earnings after the close. Est. ($0.11)
06/02 HH Gregg Appliances 'HGG' announces earnings before the open. Est. $0.41
06/03 Toll Brothers 'TOL' announces earnings. Time N/A. Est. ($0.33)
06/04 KMG Chemicals 'KMGB' announces earnings before the open. Est. $0.20
06/04 Vail Resorts 'MTN' announces earnings before the open. Est. $1.55
06/04 Wind River Systems 'WIND' announces earnings after the close. Est. $0.05
06/05 Exide 'XIDE' announces earnings. Time N/A. Est. ($0.22)
  The full earnings calendar for this week can be found (here)

Recommendation: BUY

Massey Energy Company 'MEE'

Company: Massey Energy Company Symbol: 'MEE' Closing Price: $22.89

Web: www.masseyenergyco.com

YH: $95.70 YL: $9.62 EPS: $4.25 P/E: 36

Shares Outstanding: 85.5 Million

Forecasted EPS:.$1.40 Market Cap.: $2.1 Billion
Dividend: $0.24 Yield: 1.00% Aver. Daily Trading Volume: 7.4 Million Shares  
Price Targets:  $25.20, and then $33.87 Downside Stop:  $22.07/share
Options Rec.: June $22.50 Calls @ $1.90/contract Options Symbol: MEE FX

Additional information on Massey Energy Corp. 'MEE' can be found (here)

Company Description: Massey Energy Company, through its subsidiaries, produces, processes, and sells bituminous coal primarily in the United States. The company’s customers include electric utilities, steel manufacturers, industrial customers, and energy traders and brokers. As of January 31, 2009, it owned and operated approximately 160 wells, 200 miles of gathering line, and a range of small compression facilities in Appalachian Basin. The company also operated 66 mines, including 46 underground and 20 surface in West Virginia, Kentucky, and Virginia. Massey Energy Company distributes its products through freight and terminal agreements with various providers, including railroads, barge lines, ocean-going vessels, bulk motor carriers, and terminal facilities. The company was founded in 1912 and is headquartered in Richmond, Virginia..

Chart for Mosaic Company

Chart updates daily

Recent News:
  05/21 Cramer: Sell Obama's Corporate Enemies List at CNBC (Thu, May 21)
  05/18 Sector Snap: Coal stocks rise on positive outlook AP (Mon, May 18)
A full list of the news headlines for Massey Energy Company 'MEE'' can be found (here)

Our Analysis: The shares of Massey Energy Company 'MEE' gapped higher on the open of trading on Friday and finished the day by closing above a recently established upside resistance level on heavier than normal trading volume. This is a bullish trading signal. The shares of 'MEE' should continue to move higher and test $25.20/share, the point from which they gapped lower on the open of trading on October 22nd, of last year. If the shares of 'MEE' close above that level , then they should continue to move higher and test $33.87/share, the point from which they gapped lower on the open of trading on October 2nd of last year. I see downside support on the shares of 'MEE' at $22.52/share, and have set my stops accordingly at $22.07/share.


Stocks Looking Higher

IMGN, STAR, ARQL, IAG, ARRS, PALM, PAS, EGO, WGW, MSFT, MRK, GNW, YHOO, KO, PBR, WYE, AAPL, X, SU, LNC, NE, ATM, EP, SLB, NYW, IBM, OXY, XCO, HES


Stocks Looking Lower
BBY, PH

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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