Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Bear Market 2022: Is Altria Stock a Buy?

TheMotleyFool

0 0

Bear Market 2022: Is Altria Stock a Buy?: https://g.foolcdn.com/editorial/images/704949/tobacco-and-dollar-bills.jpg

Down 25% year to date, the S&P 500 is in a tailspin, and the problem could worsen because of persistently high inflation and Federal Reserve interest-rate hikes, which could pressure economic growth. Defensive stocks like Altria Group (NYSE: MO) could help investors hedge their portfolios against these challenges.

Let's explore some reasons behind this.

According to a Bloomberg survey conducted in October, 60% of polled economists believe the U.S. economy will enter a recession within the next year due to rising interest rates and inflation.

Source Fool.com

Like: 0

Share