Second Quarter Earnings Preview For JM Smucker (SJM)

Posted: Thursday, November 19, 2009 12:28 PM EDT

JM Smucker (NYSE: SJM) opened at $53.71. So far today, the stock has hit a low of $52.25 and a high of $53.85. SJM is now trading at $53.03, down $0.64 (-1.19%). The stock hit its 52-Week high of $55.36 in August and set its 52-Week low of $34.09 in March. The stock is trading slightly lower today ahead of tomorrow's earnings release. The company is due to report fiscal second quarter earnings of $1.04 verse $1.02 for the same period last year. Technical indicators for the stock are bullish and S&P gives SJM a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on SJM the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (SJM)