Valuation Multiples for Philip Morris and Altria: A Comparison
Philip Morris’s better-than-expected 4Q17 sales and its growth in sales of reduced risk products appear to have increased investor confidence.
In 4Q17, Altria had a gross margin, EBIT margin, and net margin of 60.9%, 47.2%, and 33.5%, respectively.
The stock prices for both Home Depot (HD) and Lowe’s Companies (LOW) typically move in tandem with analysts’ ratings.
More than a 90% recovery in the stock markets after the recent correction has boosted investors’ confidence in the continuation of the rally.
The US Senate will vote on a bill to ease bank (XLF) rules this week.
With the decline in broader benchmarks last week, financials and insurance stocks also came under pressure.
Visa (V) announced on February 2 the upgrade of various POS (point-of-sale) terminals for certain businesses in Minneapolis.
Last week’s lower volatility has pushed investors back into the markets.
Since the financial crisis, investment banking activity in the US financial sector (XLF) suffered due to stricter rules on banks (VFH) with more than $50 billion in assets.
The stock markets have recovered more than 50% of their losses from the sell-off earlier this month.