Nordstrom (JWN) NewsBite - JWN Expected To Show 39 Cents For Its Third Quarter
Posted: Wednesday, November 11, 2009 1:03 PM EDT
By: Market Intelligence Center Staff
Nordstrom (NYSE: JWN) opened at $35.46. So far today, the stock has hit a low of $34.90 and a high of $35.89. JWN is now trading at $34.96, down $0.55 (-1.55%). The stock hit its 52-Week high of $36.52 in last month and set its 52-Week low of $6.61 in last November. The stock is trading lower today ahead of tomorrow's third quarter earnings report. The company will be reporting earnings after the market close, and analysts are expecting the company to show earnings of 39 cents per share. For the same period last year, the company had earnings of 33 cents. Technical indicators for the stock are neutral and S&P gives JWN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on JWN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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