A stock market that sells off eight of nine days is not a good market. Even the Facebook IPO is being viewed as a one-off item rather than a systemic item which…
Blame whatever you want. A weaker U.S. economy, a weakening and flailing Europe, a move to socialism in France and Greece, a weaker BRIC and emerging market story, commodity prices and on…
Markets opened a few ticks lower this morning after a poor report on new claims for unemployment benefits in the US (our coverage here). The report that pending home sales jumped 4.1%…
Altria Group Inc. (NYSE: MO), the maker of Marlboro cigarettes and other products, reported earnings this morning that did not match expectations. The consensus estimate for EPS was $0.49 and the revenue…
Tobacco merchant Reynolds American Inc. (NYSE: RAI) reported first quarter earnings this morning, and posted a clear miss. Adjusted EPS came in at $0.63, lower than the consensus estimate of $0.65. Revenues…
Markets opened about flat this morning but lost ground almost immediately as new home sales data came in weaker than expected. Then came a report that Iranian crude shipments were falling as…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday. Aetna Inc. (NYSE: AET) Cut to Neutral at Goldman Sachs. Altria Group,…
Altria Group, Inc. (NYSE: MO), Reynolds American Inc. (NYSE: RAI), and Lorillard, Inc. (NYSE: LO) are probably happy with a court ruling. The tobacco firms are not going to have to attach…
Jon C. Ogg Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. Altria Group Inc. (NYSE: MO) Started as Hold at…
Altria Group Inc. (NYSE: MO), makers of Marlboro cigarettes and many other branded tobacco products, reported fourth quarter earnings this morning. Adjusted EPS came in at $0.50, a penny better than estimates.…
Paul Ausick Jon OggThis was the first week after the holidays and many analyst calls were made this week with updated outlooks for 2012. 24/7 Wall St. saw many influential analyst calls this week…
It seems that most investors have started adding income or dividend reinvestment plans to their portfolios by using dividend stocks. With the yields of the 10-Year Treasury close to 2% and the…
It was not that long ago that Altria Group Inc. (NYSE: MO) was removed from our 2012 Model Dividend Portfolio. Our take was that the metrics of the domestic tobacco industry were…
The continued rise in tobacco stocks is certainly cheered by tobacco stock investors who own the stocks for the high dividends. The problem is that there seems to be a phantom premium now…
Equity markets started the day down and stayed there all day. Traders were mirroring the action on European and Asian markets, which all settled down before the US markets opened this morning.…