monthlyincome (49.25)

Altria A Better Stock Play Than Phillip Morris

June 27, 2012 – Comments (0) | RELATED TICKERS: MO , PM

Weakening business activity worldwide is hitting U.S. companies where it hurts, with more of them signaling disappointing results than at any time over the past decade. Many bellwether companies have come out in recent days with profit warnings, and the slowing in Europe has been cited as a major factor for those outlooks. Both Pepsi (PEP) and FedEx (FDX) have warned in the past few days. This indicates that it would be wise to be underweight multinationals with inordinately large exposure to Europe. The predominant stock safe haven of tobacco stocks are also being affected by this scenario. This is pushing more money managers to reduce holdings in Phillip Morris and being overweight Altria Group.

Read full article.