Altria Group and Walt Disney identified as top stocks to buy with attractive valuations

From Yahoo Finance: 2024-07-03 18:48:00

The stock market is enjoying a rally in 2024 with the S&P 500 index up by 14.5% and the Nasdaq Composite rising by 18%. High-profile stocks like Apple, Nvidia, and Amazon are also reaching new valuation highs. Altria Group and Walt Disney are identified as top stocks to buy, offering attractive valuations and strong prospects.

Altria Group’s stock is down 41% from its peak, facing declining cigarette sales but showing a strong financial position with a 4.3% dividend increase and continued profitability. Disney remains a leader in entertainment, with a significant rise in revenue and strong performance in their parks and streaming services. The stock is up 13% in 2024 and is expected to continue to improve under capable leadership.



Read more at Yahoo Finance: 2 Brilliant Stocks Down 41% and 51% to Buy Right Now