Altria Earnings
Altria, part of our Global Opportunities portfolio, reported earnings this morning in line with the consensus (via Bloomberg): Altria Group Inc. (MO), the largest seller of tobacco in the U.S., said fourth-quarter profit rose 32 percent as it boosted Marlboro cigarette prices. Net income increased to $1.1 billion, or 55 cents a share, from $836 .. read more
Trend Watcher – Relative Performance Review
The 200-day moving average has acted as significant resistance in recent weeks, so until bulls can push the index above this level, it’s not worth the risk to deploy additional funds. In the two weeks that have passed, the market has not been able to overtake the 200- day MA, and we have since fallen .. read more
Weekly Chart Review
After a disastrous third quarter, it seemed as though the relentless selling would never cease. By 11 a.m. on Tuesday, the S & P 500 dipped into “bear market” territory, only to rocket higher by almost 10% in the days that followed. If my note called a “bottom”, then I’ll gladly accept the title .. read more
