Altria yields a fantastic 10% dividend return. Cigarettes are not going away, especially not in a time of crisis.
I think it can easily go x2, x3. maybe more.
Does the downtrend end?
We broke the downtrend which started in 2017.
We broke out of the huge triangle.
Looks like it's a trend change.
MO has investments in the cannabis sector (cron). The cannabis sector is INSANE right now - so I think it will push MO price.
so... LONG
Looks like the formation of an ascending triangle bottom reversal. In addition to the chart pattern, this stock currently has an 8.1% dividend yield. If this stock trades sideways you can still book an 8% annual return. Never mind the ability for this company to enter the marijuana market at scale. As I've mentioned in other posts, I expect to see some capital...
Altria is trading at a steal right now.
Following the popularity and subsequent crackdown on JUUL, Altria's stock has tumbled ~45% from its high in 2017. The barrage of lawsuits and FDA restrictions has frightened investors, causing shares to plummet. A $29 billion debt and a $731 million loss on a Cronos Cannabis investment have increased pessimism regarding...
Pure USA - MO has a great dividend, an addictive product, and infrastructure in place to leverage MJ legalization. Not to mention an army of lobbyist in DC. Earnings tomorrow are likely to inspire. Breakout and rapid rise expected for this excellent play.
Supply Range was previously balanced and it looks like the price of the stock is merely retesting the previously broken range in an attempt to find enough Buy Orders (Bullish Volume) to continue its bull trend. The recent Double Top has to be taken in consideration when analyzing this stock, but I think that the recent tightening in Vaping Products can boost...
Tobacco has always been a save harbor. People will smoke and drink more being at home during the pandemic.
I hope they can expand into the cannabis; the future market.
Chart should explain the rest; finally gaining strength again.
#MO is in unpopular industry, heavily indebted, wrote down Juul investment, pays 80% of income in dividends (impressive 8.3% yield)...
What else to buy when nearly everything else is overpriced?
Targets: 47.30 , 49.60
Besides the next ex-dividend date is 26/12
![MO: MO Long! [Target: $50]](https://s3.tradingview.com/f/fol2GBqL_mid.png "MO Long! [Target: $50]")
![MO: Altria (MO). Waiting for (c) of [b] to go bottom?](https://s3.tradingview.com/8/8CqT7Lz3_mid.png "Altria (MO). Waiting for (c) of [b] to go bottom?")
