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| PRIME
STOCK NEWSLETTER FOR September 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: The overall market finished yesterday slightly higher in a relatively broad based move that a majority of the various sector indices I track finish the day higher. There was strength in the Broker/Dealers, Banking, Natural Gas, Commodities, Cyclicals, Oil & Gas, Disk Drive Manufacturers, Networking, Transports, High Tech, Insurance, Pharmaceuticals, and Consumer indices. There was weakness in the Airlines, Biotech, Healthcare Providers, and Retailers. There was strength in bonds as interest rates moved slightly lower. Oil was higher by $1.83 to $71.76, and Gold was higher by $10.50 to $1,014.40 per ounce.
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Recommendation: BUY
The DirectTV Group, Inc. 'DTV' |
| Company: DirectTV Group, Inc. |
Symbol: 'DTV' |
Closing
Price: $27.28 |
Web: www.directtv.com |
YH: $27.35 YL: $17.70 |
EPS: $1.25 P/E: 22 |
Shares
Outstanding: 977 Million |
Forecasted
EPS:.$1.40 |
Market Cap.: $27 Billion |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 11 Million Shares |
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| Price Targets: $28.70 and then $39.39 |
Downside Stop: $25.87/share |
| Options Rec.: October 27 Calls @ $1.00/contract |
Options
Symbol: DTV JJ |
Additional
information on DirectTV Group, Inc. 'DTV' can be found (here)
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Company Description: The DIRECTV Group, Inc. provides digital television entertainment in the United States and Latin America. It operates in two segments, DIRECTV U.S. and DIRECTV Latin America. The DIRECTV U.S. segment provides direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States. As of December 31, 2008, the segment had approximately 17.6 million subscribers with access to channels of digital-quality video pictures and CD-quality audio programming. It distributes approximately 2,000 digital video and audio channels, including basic entertainment and music channels, premium movie channels, regional and specialty sports networks, Spanish and other foreign language special interest channels, pay-per-view movie and event choices, and national high-definition television channels. This segment also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the NFL games. The DIRECTV Latin America segment provides DTH digital television services in Latin America and the Caribbean, including Puerto Rico. It provides a selection of local and international programming under the DIRECTV and the SKY brands to approximately 1.6 million subscribers in Brazil; 2.2 million subscribers in PanAmericana; and 1.7 million subscribers in Mexico. The DIRECTV Group, Inc. has a strategic partnership agreement with Qwest Communications International Inc. to offer DIRECTV services to residential customers. The company was founded in 1977 and is based in El Segundo, California.
Chart updates daily |
A
full list of the news headlines
for DirectTV Group, Inc. 'DTV'' can
be found (here) |
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Our Analysis: The shares of DirectTV Group, Inc. 'DTV' closed above a recently established upside resistance level on Monday, and moved higher again on Tuesday. On both trading days the shares of 'DTV' saw significantly heavier than normal trading volume. In the process they completed a minor cup pattern with a measured move to our initial price target of $28.70/share. If the shares of 'DTV' close above $28.67/share, then they will have completed a much larger cup pattern with a measured move to upper price target of $39.39/share. I see downside support on the shares of 'DTV' @ $26.28/share, and have set my stops accordingly at $25.87/share..
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Stocks
Looking Higher |
RTI, PALM, BCSI, DTV, ROST, BCRM, GHL, UTX, QSII, LZ, MS, FFIV, TTEC, VCLK, ARRS, MSFT, EMC, FCX, CAT, PBR, X, AES, AMZN, ACN, ADP, ATI |
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Stocks Looking Lower |
DPTR, ORCL, YHOO, LOW, MOT, MO, TXN, HD, MRK, UNH, KFT, PDLI, AMLN, MAS, ACE |
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| Yesterday's
Edition of the Prime Stock Newsletter |
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