Altria $MO to $57+ if They Beat Earnings on ThursdayAltria NYSE:MO is trading at a P/E ratio of 9 right now, which is pretty crazy. Tech sectors overall are also showing signs of extreme uncertainty, which furthers the fundamental argument for value stocks like NYSE:MO and NYSE:PM as they approach earnings. 🔥🛡💎
If Altria provides a solid report on Thursday morning (pre-market), then I think this inverse head and shoulders pattern can take the stock back up to $57-$58 in the week(s) that follow. 💸📈🎯
NYSE:MO rallied +10% as a result of its last earnings report on October 31st. I see no reason it can't happen again! As we always say at WAVE$ Cap, history does tend to rhyme. 😮💨🏆