|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||20.82 - 20.82|
|52-week range||15.91 - 21.07|
|Beta (5Y monthly)||0.39|
|PE ratio (TTM)||11.76|
|Forward dividend & yield||1.42 (6.98%)|
|Ex-dividend date||29 Jun 2023|
|1y target est||N/A|
Coca-Cola FEMSA, Japan Tobacco, Magellan Midstream, HSBC Holdings and Phillips 66 are included in this Analyst Blog.
The strength in the economy indicates that Fed actions will continue, so it's better to go for safer stocks.
Maybe the third time will be the charm for Altria Group (NYSE: MO), which is taking the field again in electronic cigarettes after entering into a joint venture with Japan Tobacco (OTC: JAPAF) to co-market new reduced-risk products. After its ownership stake in Juul Labs went up in smoke and its partnership with Philip Morris International (NYSE: PM) was blocked by patent violations, this new deal could represent Altria's best shot at becoming a player again in the space. Altria and Japan Tobacco are forming Horizon Innovations, a joint venture 75% owned by the U.S. cigarette maker and 25% owned by its Japanese counterpart, that will oversee U.S. commercialization of any products either company develops.