Buy This Undervalued Stock Before Everyone Else Does
The good times have come back to Wall Street! The broader market has enjoyed a solid first half of 2023 after suffering brutal volatility last year. But many stocks are getting a bit pricey after months of rallying.
However, there is always an opportunity somewhere. That brings us to the tobacco stock Altria Group (NYSE: MO). The stigma around cigarettes turns off investors enough as it is. Altria's share price hasn't yet bounced back from its disastrous Juul investment in 2018 that essentially blew up into nothing.
But Altria isn't the fatally wounded animal the market is treating it as. Instead, Altria is still growing. This imbalance makes the stock a bargain that dividend-hungry investors should consider scooping up while it's cheap.
Source Fool.com
