Altria Group, Inc.
Panjang

Altria $MO to $57+ if They Beat Earnings on Thursday

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Altria MO is trading at a P/E ratio of 9 right now, which is pretty crazy. Tech sectors overall are also showing signs of extreme uncertainty, which furthers the fundamental argument for value stocks like MO and PM as they approach earnings. ๐Ÿ”ฅ๐Ÿ›ก๐Ÿ’Ž

If Altria provides a solid report on Thursday morning (pre-market), then I think this inverse head and shoulders pattern can take the stock back up to $57-$58 in the week(s) that follow. ๐Ÿ’ธ๐Ÿ“ˆ๐ŸŽฏ

MO rallied +10% as a result of its last earnings report on October 31st. I see no reason it can't happen again! As we always say at WAVE$ Cap, history does tend to rhyme. ๐Ÿ˜ฎโ€๐Ÿ’จ๐Ÿ†

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