Marsh and McLennan (MMC) Fourth Quarter Earnings Preview
Posted: Tuesday, February 09, 2010 1:49 PM EDT
By: Market Intelligence Center Staff
Marsh and McLennan (NYSE: MMC) opened at $22.02. So far today, the stock has hit a low of $21.97 and a high of $22.24. MMC is now trading at $22.17, up $0.27 (1.23%). The stock hit its 52-Week high of $25.46 in October and set its 52-Week low of $17.18 in March. MMC is slightly higher today ahead of tomorrow's earnings report. The company will be reporting its fourth quarter numbers, and Wall Street is expecting the company to report 37 cents per share, the same earnings it had during the same period last year. Technical indicators for the stock are neutral and S&P gives MMC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MMC the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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