This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Altria Group to Outperform in 2010, Investors Say

Stocks in this article: MO DE AZN MCD SI LO PM RAI

RICHMOND, Va. ( TheStreet) -- Altria Group (MO) will outperform this year against a group of large caps that shared ranks in hitting fresh 52-week highs this week, according to readers of TheStreet.

Altria, the parent of cigarette maker Philip Morris USA, touched a fresh 52-week high of $22.68 last Monday, and pushed the needle further to $22.78 on Tuesday. The stock closed at $22.35 on Friday.

At the start of the week, we asked our readers which of the five largest companies (by market cap) that touched fresh heights earlier this week would outperform in the second half of 2010. Voting against Siemens (SI), McDonald's (MCD), AstraZeneca (AZN) and Deere (DE), readers of TheStreet overwhelmingly agreed on Altria Group to the tune of 49% out of 860 voters.

Altria Group

The runner up was Deere, with 26.7% of the votes, followed by McDonald's with 12.8%, AstraZeneca with 6.3% and Siemens with 5.2%.

Altria -- a Richmond, Va.-based holding company -- posted higher-than-expected quarterly profits last month and raised its 2010 outlook as higher cigarette prices offset waning demand. Altria forecast full-year earnings in a range of $1.87 to $1.91 per share, in line with analysts' consensus call. Altria booked profits of $1.04 billion, or 50 cents per share, on revenue of $6.3 billion in its recent quarter.

Stephanie Link, director of research for TheStreet, named Altria a winner in the consumer staple sector last week, citing the stock's strong yield and total return.

As cigarette consumption in the U.S. wanes, sector players like Altria, Reynolds American (RAI), Lorillard (LO) and Philip Morris International (PM) have increased smokeless tobacco products. Altria said its volume of smokeless products increased 9.2% to $182 million last quarter. Revenue in the smokeless segment increased 4.6% to $390 million.

-- Written by Miriam Marcus Reimer in New York

Follow Miriam Marcus Reimer on Twitter and become a fan of TheStreet on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs