Posted Jul 26th 2009 9:00AM by Chris Johnson
Filed under: Sara Lee Corp (SLE), Stocks to Buy
Don't look now, but Sara Lee (NYSE: SLE) is up about 20% in the past month. People gotta eat, and, thanks to the recession, they're opting to eat at home more often.
Sara Lee reports earnings on August 12, and analysts expect earnings per share to be 5 cents less than a year ago. Last quarter, the company blew out the estimate by nearly 40%.
With sentiment mixed (only a third of analysts rate the shares a "buy"), another beat this quarter should keep the rally intact.
Buy SLE call options.
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