Cramer thinks Altria is a good defensive stock


Cramer thinks Altria is a good defensive stock

Filed under: Analyst reports, Good news, Employees, Altria Group (MO), Options, Bargain stocksAltria Group Inc. (NYSE: MO) opened at $83.03. So far today the stock has hit a low of $83.00 and a high of $84.65. As of 2:00 this afternoon, MO is trading at $84.12, up $1.91 (2.3%).The stock rose to a one year high of $90.50 in January, but broke through support at $85 in yesterday's sell-off. Jim Cramer notes that in a time of market panic like we are seeing now, MO is a good stock to hold onto. Cramer believes that Altria is a solid stock that went down more than it should have as a result of panic yesterday, and that it will recover faster than most other stocks. Altria is the type ...

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