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PRIME STOCK NEWSLETTER FOR MARCH 29th, 2010 |
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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 March 29th, 2010. |
Date: |
Comments: |
03/29 |
Apollo Grp. 'APOL' announces earnings before the open. Est. $0.81 |
03/30 |
Charming Shops 'CHRS' announces earnings. Time N/A. Est. ($0.13) |
03/31 |
Dollar General 'DG' announces earnings. Time N/A. Est. $0.43 |
03/31 |
Immucor 'BLUD' announces earnings after the close. Est. $0.27 |
03/31 |
Micron Tech. 'MU' announces earnings. Time N/A. Est. $0.23 |
04/01 |
CarMax, Inc. 'KMX' announces earnings before the open. Est. $0.25 |
04/01 |
Movado 'MOV' announces earnings. Time N/A. Est. ($0.31) |
04/02 |
Overstock.com 'OSTK' announces earnings. Time N/A. Est. $0.45 |
The
full earnings calendar for this
week can be found (here) |
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Recommendation: BUY
Avon Products, Inc. 'AVP' |
Company: Avon Products, Inc. |
Symbol: 'AVP' |
Closing
Price: $33.25 |
Web: www.avoncompany.com |
YH: $36.39 YL: $18.60 |
EPS: $1.45 P/E: 23 |
Shares
Outstanding: 427 Million |
Forecasted
EPS: $2.05 |
Market Cap.: $14.5 Billion |
Dividend: $0.88 |
Yield: 2.60% |
Aver.
Daily Trading Volume: 3.9 Million Shares |
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Price Targets: $34.08, and then $35.36 |
Downside Stop: $32.71/share |
Options Rec.: Options Data Unavailable at Time of Publication |
Options
Symbol: N/A |
Additional information on Avon Products, Inc. 'AVP' can be found (here)
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Company Description: Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and childrens and nutritional products. Avon Products Inc. markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.
Chart updates daily |
A full list of the news headlines for Avon Products, Inc. 'AVP' can be found (here)
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Our Analysis: The shares of Avon Products, Inc. 'AVP' moved sharply higher on Friday on significantly heavier than normal trading volume. They finished the day by closing above several recently established upside resistance levels. The shares of 'AVP' should continue to move higher and test $34.08/share, the point from which they gapped lower on the open of trading on December 8th of last year. If the shares of 'AVP' close above that level, then they should continue to move higher and test $35.36/share, the point from which they gapped lower on the open of trading on December 7th of last year. I see downside support on the shares of 'AVP' @ $33.12/share, and have set my stops accordingly at $32.71/share.
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Stocks
Looking Higher |
AAPL, LEN, MCD, WYNN, RTI, AAWW, SKX, FDO, KMX, TRV, PCP, ALL, RSH, TGT, DIS, WAG, AVP, SOL |
Stocks Looking Lower |
GE, ORCL, MSFT, PFE, INTC, CNX, CHK, STX, PBR, EMC, COP, MRK, CAG, NOV, AMT, SWN, ADI, HNZ, ECA, CY |
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Yesterday's Edition of the Prime Stock Newsletter |
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Sterling Investment Services may hold positions
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consulting services to the companies mentioned
within this report. |
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