2024-03-20 16:43:25 ET
Summary
- Altria stock has been soaring lately due to positive catalysts such as solid Q4 results and a major share buyback plan.
- That being said, there are a few major reasons why we remain unimpressed by the MO investment thesis.
- We share three high-yielding stocks with much better prospects than MO stock right now.
Altria stock ( MO ) is on a tear right now, significantly outperforming the S&P 500 ( SPY ) and high-yield space ( SPYD ) over the past two weeks:
Read the full article on Seeking Alpha
For further details see:
6-9% Yielding Dividend Growers: 1 To Avoid And 3 To Buy