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Trading Ideas

A 7.9% Yield That’s Unlikely to Go Up in Smoke

Shares of Altria Group (NYSE: MO) have been falling for more than two years.
This could be because an increasing number of investors don’t want to invest in a cigarette company for ethical reasons, or it could be because it’s hard to get excited about a business when the majority of its customers want to quit using its product.
It’s tough enough already from a business and public relations perspective to be a tobacco company. But now Altria is facing difficulties with Juul. Altria invested $13 billion in the electronic-cigarette maker.
As you’re probably aware, both federal and state governments are creating stronger …read more […]

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Trading Ideas

IBM quarterly revenue misses, shares fall

The Armonk, New York-based technology services giant, which wrapped up the mega cloud merger with Linux maker Red Hat Inc earlier this year, has faced years of revenue declines in the process of shifting focus to the cloud from its traditional business. Total revenue fell 3.9% to $18.03 billion, missing analysts’ average estimate of $18.22 billion, according to IBES data from Refinitiv. Revenue from the company’s cloud services, which are driving IBM’s pivot away from established businesses including mainframe servers, rose 11% to $5 billion in the third quarter ended Sept. 30. …read more […]