|
| PRIME
STOCK NEWSLETTER FOR June 4th, 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 lower yesterday on a day that saw light trading volume. It was a broad based move that saw the vast majority of the sector indices I track move lower as well. The weakest sectors on the day were the Natural Gas, Oil & Gas, Commodities, Cyclicals, Insurance, Chemicals, Telecom, Disk Drive Manufacturers, Airlines, Broker/Dealers, Transports, Banking, Retailers, High Tech, Consumer and Pharmaceutical indices. The Biotech index moved higher on the day, as did the price of gold and bond as interest rates moved lower on the day.
It is interesting to note that the several of the sector indices, as has the Dow Jones Industrial Average and the S&P 100 both rallied to their 200 day moving average recently, and both have failed to break though to the upside of their respective 200 day moving average, and moved lower instead.
|
| Sterling
Calendars for June 4th, 2009 |
| Date: |
Comments: |
| 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
T. Rowe Price Group, Inc. 'TROW' |
| Company: T. Rowe Price Group, Inc. |
Symbol: 'TROW' |
Closing
Price: $42.65 |
Web: www.troweprice.com |
YH: $70.20 YL: $20.09 |
EPS: $1.45 P/E: 25.8 |
Shares
Outstanding: 256 Million |
Forecasted
EPS:.$1.22 |
Market Cap.: $10.75 Billion |
| Dividend: $1.00 |
Yield: 2.3% |
Aver.
Daily Trading Volume: 4.8 Million Shares |
|
| Price Targets: $47.23, and then $65.61 |
Downside Stop: $40.87/share |
| Options Rec.: Options Data Unavailable at Time of Publication |
Options
Symbol: N/A |
Additional
information on T. Rowe Price Group, Inc. 'TROW' can be found (here)
|
|
Company Description: T. Rowe Price Group, Inc. is a publicly owned holding investment manager. The firm provides its services to corporations, corporate, public, and Taft-Hartley retirement plans, foundations, and endowments. Through its subsidiaries it manages separate client-focused equity, fixed income, and balanced portfolios; common trusts, and institutional mutual funds. It also provides advisory services. The firm invests in the public equity and fixed income markets across the globe. It also invests in money markets. The firm conducts an in-house research to make its investments. T. Rowe Price Group was founded in 1937 and is based in Baltimore, Maryland with additional offices in London, United Kingdom; Central Hong Kong, Hong Kong; Tokyo, Japan; and Singapore.
Chart updates daily |
A
full list of the news headlines
for T. Rowe Price Group, Inc. 'TROW' can
be found (here) |
|
Our Analysis: The shares of T. Rowe Price Group, Inc. 'TROW' closed above a recently established resistance level on heavier than normal trading volume. This is a bullish trading signal. The shares of 'TROW' should continue to move higher and test $47.23/share, a former point of downside support that has now become a point of upside resistance that was established on July 15th of last year. If the shares of 'TROW' close above that level, as I expect they will, then the shares of 'TROW' should continue to move higher and test $65.61/share, a point of upside resistance established on September 19th of last year. I see downside support on the shares of 'TROW' @ $41.28//share, and have set my stops accordingly @ $40.87/share
|
|
|
Stocks
Looking Higher |
ACTU, PFCB, ARDL, SNDA, HTH, CBOU, MV, AA, MSFT, ORCL, WMT, CBS, SBUX, MCD, HGSI, V, AMGN, CELG, CTXS, JDSU, ROST, BIIB, MFE, BMC, FIS, ILMN, AAP, AFFX, ARST, XRAY |
|
Stocks Looking Lower |
PBR, WFT, COP, AET, MGM, MRVL, X, HAL, HES, SU, NTAP, TSO, GCI, DISH, PHM, KGC, POT, MOS, PCX, WDC, LBTYA |
|
| 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 |
|
