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Constellation Brands (STZ 0.09%) and Altria (MO -1.28%) are both often considered stable blue chip stocks for income investors. Constellation is one of the world's largest producers of beers, wines, and spirits, while Altria is the largest tobacco company in America.
A Wall Street maxim states, “Twenty percent of investors who want to make money are in stocks, while the other 80 percent who want to keep their money are in bonds.
MO leans on pricing power to lift profits, offsetting cigarette volume drops and regulatory headwinds.
These dividend stocks have underlying businesses generating stable cash flows. All three of them currently have dividend yields above 5%.
Altria (MO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The Dividend Harvesting Portfolio hit new all-time highs in value, profitability, and forward income, with a 29.58% return on invested capital. Consistent weekly investing, diversification, and a focus on income-producing assets have driven strong performance, even through volatile markets and macroeconomic headwinds. I see significant opportunities ahead, especially for big tech, REITs, and energy stocks, as the Fed's delayed rate cuts create a favorable environment.
Altria (MO) closed at $57.75 in the latest trading session, marking a -3.01% move from the prior day.
Altria Group (MO -3.36%) stock is seeing a significant pullback in Wednesday's trading despite positive momentum for the broader market. The tobacco giant's share price was down 4.1% as of 2:30 p.m.
A Jefferies analyst initiated coverage of tobacco stock Altria Group with an underperform rating.
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