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Actionable news in MO: ALTRIA GROUP Inc,

Is Altria's Recent Rally Sustainable?

Summary

Altria gained momentum in the past couple of weeks.

What's behind the stock's recent rally?

What's next for the tobacco giant?

Following the Brexit vote and the drop in interest rates, shares of Altria (NYSE:MO) have picked up and are currently trading close to $70. The risk-off mode in the markets raised the demand for dividend stocks, and Altria is certainly a prime candidate. But is this rally sustainable? Does it have something to do with the company's fundamentals? First, let's look at its upcoming earnings report.

Q2 earnings report

Altria will report its earnings next week. For now, the market consensus of the EPS is set at $0.80, which is 6 cents higher than in the same quarter last week. And the company's earnings could have risen not only due to higher prices, but also due...


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