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IHS Markit Score Update: Drop in demand for ETFs holding Altria Group Inc is a negative sign for its shares

IHS Markit

Altria Group Inc

NYSE:MO

Score: Neutral (39)

3 days at current score.

Upgraded from Negative on August 8th 2017

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Summary


  • This company ranked neutral compared to the Consumer Goods sector with only 1 positive IHS Markit Category
  • Perception of the company's creditworthiness is negative
  • Bearish sentiment is low


Bearish sentiment

Short interest | Positive

Short interest is extremely low for MO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MO.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral but appears to be improving. ETFs that hold MO have been in favor over the last one-month with net inflows of $6.30 billion. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. MO credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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