Cameron International (CAM) NewsBite - CAM Earnings Preview

Posted: Friday, October 30, 2009 10:56 AM EDT

Cameron International (NYSE: CAM) opened at $38.98. So far today, the stock has hit a low of $38.11 and a high of $38.98. CAM is now trading at $38.36, down $0.74 (-1.89%). Over the last 52 weeks the stock has ranged from a low of $16.15 to a high of $42.39. CAM will report third-quarter earnings on Tuesday. Analysts are expecting the company to post a profit of 53 cents per share on revenue of $1.28 billion. The company has beaten analysts' forecasts in each of the past four quarters. Technical indicators for the stock are neutral and S&P gives CAM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CAM the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 42.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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