Advertisement
U.S. markets open in 3 hours 55 minutes
  • S&P Futures

    5,302.00
    -6.25 (-0.12%)
     
  • Dow Futures

    40,134.00
    -10.00 (-0.02%)
     
  • Nasdaq Futures

    18,466.75
    -37.00 (-0.20%)
     
  • Russell 2000 Futures

    2,133.10
    -5.30 (-0.25%)
     
  • Crude Oil

    81.66
    +0.31 (+0.38%)
     
  • Gold

    2,216.20
    +3.50 (+0.16%)
     
  • Silver

    24.53
    -0.22 (-0.90%)
     
  • EUR/USD

    1.0783
    -0.0047 (-0.43%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.99
    +0.21 (+1.64%)
     
  • GBP/USD

    1.2592
    -0.0046 (-0.36%)
     
  • USD/JPY

    151.4290
    +0.1830 (+0.12%)
     
  • Bitcoin USD

    70,653.82
    +891.44 (+1.28%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,964.40
    +32.42 (+0.41%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Altria stock gets boost following $1 billion buyback plan

Yahoo Finance Live anchors discuss the rise in stock for cigarette maker Altria.

Video Transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, Altria is getting a boost on the back of its earnings report, after announcing a $1 billion share buyback plan.

[CLOCK TICKING]

The cigarette maker also said inflation contributed to elevated volume declines in the quarter. I don't really have a lot of great feels or vibes on this quarter. Outlook kind of muted, as you would expect, as the entire world gets off these sticks.

JULIE HYMAN: Yeah, I mean, like what's good-- what's bad news for Altria is good news for humanity? I think we can safely say.

BRIAN SOZZI: Yes!

BRAD SMITH: For your health.

JULIE HYMAN: Cigarette shipments down 12%. Cigar shipments down 3.8%.

BRIAN SOZZI: Well, cigars are good.

JULIE HYMAN: Oil or oral tobacco products down 4.3%.

BRIAN SOZZI: [LAUGHS]

JULIE HYMAN: Oral tobacco, obviously, a really big problem in terms of cancers of the mouth, tongue, et cetera. So-- but, you know, if they're holding on to pricing, I guess that helps the company.

BRAD SMITH: Yeah, the company's net lower by about 7.4% over the past year. I think what's critical about this level-- as well as a few of the other companies that we're tracking, Peloton at one of those similar levels where if it breaks through-- and there you're taking a look at the chart. If it breaks through what would have been the, I think, beginning of December high--

[BUZZER]

--perhaps it could continue to, kind of, break through that on resistance. But anyway, we're out of time.

Advertisement