From StockNews.com: Altria Group Inc (NYSE:MO) early Wednesday posted mixed fourth quarter earnings results and offered an outlook that fell short of expectations.
According to Wells Fargo analyst Bonnie Herzog, the likelihood of a tobacco mega merger between Philip Morris (NYSE:PM) and Altria (NYSE:MO) has improved as of late, with a deal possibly on tap for 2017.
From Bob Ciura: This could be a turning point in the marijuana legalization movement. The recent election saw the largest state in the union, California, legalize marijuana for recreational use, in addition to Massachusetts and Nevada.
Tobacco giant Altria Group Inc (NYSE:MO) this morning posted market-beating Q3 earnings and noted a recent alcohol investment has paid off nicely.
We’ve been writing about it for a while, but despite the concerns of how much investors seem to be overly chasing income in the form of high yield ETFs, there is no denying investors have been right to keep pouring money in them — for now.
Tobacco giant Altria Group Inc (NYSE:MO) on Wednesday posted better-than-expected earnings results, although its tepid outlook wasn’t enough to give the shares much of a boost.