Loews (L) Second Quarter Earnings Preview
Posted: Friday, July 30, 2010 3:39 PM EDT
By: Market Intelligence Center Staff
Loews (NYSE: L) opened at $36.76. So far today, the stock has hit a low of $36.59 and a high of $37.32. L is now trading at $37.28, up $0.09 (0.24%). The stock hit its 52-Week high of $39.47 in May and set its 52-Week low of $28.98 in last July. L stock is trading relatively flat today ahead of Monday's earnings release, with analysts expecting to see the company show earnings of $0.82 per share, versus $0.78 during the same period last year. Technical indicators for the stock are bullish and S&P gives L a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on L the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Loews (L) Stock ReportSee what our analysts have uncovered about Loews (L).
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