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MO services smokers who always need another LONGMO moves on the 2H like a large caps and seems to have upside in its current trend up. I am targeting recent pivot highs and an overall trade of 10% . I will look at call options as well. MO has two minor earnings beats in a row after a miss. Albiet minor fundamental momentum, I will take it as a sign that MO will do well. Its business model is keeping smokers content and being competitive with its margins to prevent demand destruction.
NYSE:MOLong
by AwesomeAvani
Altria Group Inc (MO): Navigating Challenges & Driving Growth In the ever-evolving landscape of the tobacco industry, Altria Group Inc (NYSE: NYSE:MO ) stands as a resilient force, weathering challenges and steering towards growth. The recently released 2023 financial results and 2024 guidance provide a comprehensive insight into the company's strategic moves, financial performance, and its commitment to shareholder value. Challenges and Resilience: Altria (NYSE: NYSE:MO ) faced a challenging year in 2023, with a 2.4% decrease in net revenues, reflecting the industry-wide struggle against stricter regulations and evolving consumer preferences. The decline in shipment volumes of traditional cigarettes by 9.9% highlights the ongoing shift away from conventional tobacco products. However, amidst these challenges, Altria (NYSE: NYSE:MO ) demonstrated resilience by achieving a 2.3% growth in adjusted diluted EPS, reaching $4.95. This growth is a testament to the company's ability to adapt to changing market dynamics and capitalize on opportunities in the smoke-free and alternative nicotine products segment. Strategic Investments and Diversification: Altria's (NYSE: NYSE:MO ) strategic investments have played a crucial role in its resilience. With a 10% stake in Anheuser-Busch InBev and a 42% interest in Cronos Group, the world's largest brewer and a leading player in the cannabis market, respectively, Altria has diversified its portfolio beyond traditional tobacco. The recent acquisition of Njoy Holdings further exemplifies the company's commitment to staying at the forefront of evolving consumer preferences. Smoke-Free Initiatives: Amidst declining cigarette shipments, Altria's (NYSE: NYSE:MO ) focus on smoke-free alternatives has become increasingly evident. The report highlights the company's investment in NJOY vapes and its on! nicotine pouches. Despite a 32.8% growth in on! nicotine pouches shipment volumes, the company faces the challenge of a shifting customer base towards newer nicotine consumption methods. Altria's (NYSE: NYSE:MO ) dedication to innovation and adapting to evolving consumer habits positions it well in the face of increasing competition from alternatives like vapes. Financial Outlook and Shareholder Value: Despite a slight decline in quarterly net revenues in its smokable products division and challenging economic conditions leading to some customers migrating to cheaper brands, Altria (NYSE: NYSE:MO ) remains confident in its financial outlook. The announcement of a new $1 billion share repurchase program underscores the company's confidence in its financial stability and its commitment to delivering value to shareholders. Conclusion: Altria Group Inc's (NYSE: NYSE:MO ) 2023 performance showcases a company navigating a dynamic market with strategic foresight. The growth in adjusted diluted EPS, coupled with strategic investments and a commitment to smoke-free alternatives, positions Altria (NYSE: NYSE:MO ) as a key player in the tobacco industry's transformation.
NYSE:MOLong
by DEXWireNews
Altria: Next Try 🔜As envisaged by our primary scenario, Altria shares made another attempt last week to finally break through the support level of $40.35 to the downside. It has been moving sideways along this level since Thursday. We expect a downward resolution of this sideways movement soon, as we expect the low of the expanding wave (b) in magenta to be in the same color Target Zone between $38.52 and $37.39. Long positions can still be taken within the Zone; those wishing to hedge here in the sense of sensible risk management could do so, for example, with a stop loss 1% below the lower edge of the Target Zone.
NYSE:MOLong
by MarketIntel
Altria: Swoop 🦅With an impulsive jump to the downside, Altria fell back to the support level of $40.35 just yesterday. Our primary scenario now envisages a fall below this level and a run-up to the turquoise Target Zone between $38.52 and $37.39, where we expect the magenta wave (b) to be completed. As we subsequently expect corrective but significant rises in the course of wave (c) in magenta or the superordinate wave B in turquoise, the Target Zone is suitable for positioning on the long side.
NYSE:MOLong
by MarketIntel
Altria: High Time to Get High 🚬Having deposited the low of the magenta wave , the price of the Altria share now faces significant increases. The turquoise wave B should thereby reach the turquoise target zone between $50.67 and $53.47. After placing the top there, we expect substantial descents to below the support at $40.35. If the price falls below this support already now, our alternative (40% likely) would activate, and the stock would already be in the turquoise wave alt.C
NYSE:MOLong
by MarketIntel
More altitude to be gained by Altria. MOWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:MOLong
by Rykin_Capital
Altria (MO) | Retesting The Breakout Area!Hi, Since the end of 2020, Altria has started to show its strength by giving us a higher low. Since then it managed to push above the long-lasting downwards trendline which started from ATH at the beginning of 2017. Made a quite solid breakout with a strong and powerful candle as needed. To be said, if it is a strong trendline then it needs a lot of power to push through it and it got it. The break smashed a couple of good criteria: managed to push above the downwards trendline, managed to break above the 50EMA, managed to break above mid-number $50, and managed to make a now and strong mid-term higher high! Quite impressive! After the perfect trendline retest, it created another higher low and pushed into new HH above $50 and above a strong horizontal area. Ńow, it has started to approach another retest and the price of Altria has reached inside a possible buying area. Technically it would be a great investment which is supported by 50EMA, strong horizontal area, mid-number $50, minor trendline, and historically a strong horizontal price zone around $50. Do your own research and if it matches with my TA you are ready to go. Regards, Vaido
NYSE:MOLong
by VaidoVeek
Taking a chance on Altria. MOWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:MOLong
by Rykin_Capital
$MOIf you zoom out to the monthly timeframe you’ll notice Altria Group has been struggling for the past 3 years, only this year has it started to pick up. Altria forecast full-year adjusted earnings per share of between $4.56 and $4.62. Which is a bit below Wall Street's forecast for $4.60. For the second quarter, Altria earned $1.23, up 12.8%. Sales grew 8.9% to $6.936 billion. Altria has faced questions about cigarette demand amid rising health consciousness. While customers clung to their smoking habits last year amid the stress of the coronavirus pandemic, struggles continue at vaping startup Juul which received a big investment from Altria. However, Altria's efforts to become less of a traditional cigarette company have hit a snag. The company said Philip Morris USA, which it owns, had delayed further expansion of its Iqos and Marlboro HeatStick heat-not-burn tobacco products. Altria cited the "uncertainty" stemming from a patent infringement case as the reason. But as we turn to the technical analysis, $MO has formed a symmetrical triangle that looks ready to break on the daily. We also have the MACD above 50 and the RSI looking bullish. Before getting in this trade, wait for the break to the upside or downside. Keep this on your watchlist!
NYSE:MO
by TheBlankFund
MO drops on Biden banning nicotine?lol what? Tobacco stocks are dropping on news that Biden is planning to restrict nicotine content in tobacco products. This brings NYSE:MO down about -12% from the high two days ago but still up 14% on the year. It is an attractive dividend yield play at this price (about 7%) but waiting for it to come to a proper support before buying myself. I like NYSE:MO actually as a pot stock play. They are already positioned in the industry through acquisitions a few years ago. I think that companies who have hundreds of years of experience in growing, cultivating, processing and (most importantly) marketing smoking products will do well in the long term future.
NYSE:MO
by norok
1
Which Cannabis Stocks make you more High..?It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..! The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy. In my view sundial and CANN can reward their shareholders with higher profits not because they are fundamentally better companies, but because of their lower market cap..! The question is what kind of experience are you looking for??? This is just my technical view, and I wrote this because I see these stocks gaining momentum..! I don’t promote any cannabis consumption by any means..! Moshkelgosha
NASDAQ:CGC
by Moshkelgosha
4