With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.» Read More
Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
The fact that Cramer wants you in this sector may confuse you. Yes, we know, this group is responsible for the subprime-lending problem we’re seeing today, but this could end up helping investors.
After the trauma of a 416-point drop in the market, Cramer likes to go fishing – bottom fishing, actually. He has 25 years of experience angling through the wrecks of portfolios that belonged to less experienced fisherman and women, and today he’s going to share his secrets with you.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
Kraft Foods unveiled a four-part plan on Tuesday that calls for making its products more enticing to consumers, and cutting costs as it tries to boost lagging sales and profits.
A closely divided U.S. Supreme Court overturned a $79.5 million punitive-damages award against Altria Group's Philip Morris USA unit, in what is being seen as a victory for both the tobacco company and the corporate world.
The U.S. Supreme Court today declined to hear a constitutional challenge by tobacco companies to Minnesota's 75-cent-per-pack health impact fee on cigarettes.
It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.
When Worlds Collide: As I write this, we’re coming towards the end of a breaking news producer’s dream. Or worst nightmare. Depending on your viewpoint. It’s been a busy day. A VERY busy day. If I were prone to drink on weekdays, I’d be reaching for the nearest martini.
Fourth-quarter earnings of $1.27 outpaced a Thomson Financial consensus estimate of $1.22 a share in the fourth quarter. Last year, Altria earned $1.17 a share.
The world's second-largest food company behind Nestle said progress from its turnaround effort is not yet sufficient, but it will still be some time before investors learn of its strategy.
Altria shareholders will receive 0.7 share of Kraft for every Altria share held. Shareholders will receive cash in lieu of fractional shares for amounts less than one Kraft share. The exact distribution ratio will be determined on the record date.
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
Stocks ended mixed on Monday as investors cast a wary eye on rising interest rates ahead of the Fed's two day meeting this week.
Altria Group's plan to spin off its Kraft Foods unit is likely to be challenged by at least one plaintiff's attorney representing smokers, which could delay and complicate the transaction.
Chemicals maker DuPont reported fourth-quarter results Tuesday that matched analysts' expectations on the top and bottom lines and also affirmed guidance for the current year.
Kraft Foods agreed to sell 114-year-old hot cereal brand Cream of Wheat to B&G Foods in a $200 million deal.
The Dow climbed to a new record and the Nasdaq finished at a six year high as falling oil prices drove buyers into consumer, health care and technology stocks.
Monsanto posted a higher-than-expected quarterly profit, citing strong sales of U.S. corn seed and herbicide as well as a reduced tax burden, but its shares fell as the company did not raise its fiscal-year earnings forecast.
Shares of Altria Group kicked off 2007 with a bang, rising to a new 52-week high after a Lehman Brothers analyst said the cigarette maker is poised to report a solid fourth quarter.