Tobacco

Cyclically Defensive
Defensive Stocks
Tobacco

2 Vice Stocks To Buy To Be Cyclically Defensive

As all eyeballs focus on the remarkable record-breaking ascent of the major indices, less attention is paid on defensive names. That’s only natural because of immediacy bias or the tendency to perceive current emotions as more intense than previous emotions. Nevertheless, it might be time to think about hedging against this soaring valuation and what […]

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Tobacco
US Economy

Cash-Rich Consumers Fuel U.S. GDP Growth To 6.4% In Q1

Plus, Apple delivered a massive earnings beat, Altria shares are down on mixed earnings results and Biden administration plans to ban menthol cigarettes, and Ethereum rose to a new all-time high.

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Trade War

Why Citigroup Says Gold Could Jump To $2,000 An Ounce

Plus, Moody’s downgraded Ford to junk, China’s Huawei dropped a lawsuit against the U.S., WeWork is moving ahead with its IPO, and Wendy’s is bringing back breakfast.

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Daily Perspective
Tobacco

Why the Two Largest American Tobacco Stocks Plunged on Tuesday

Shares of Altria Group Inc. (MO) and Philip Morris International Inc. (PM) — both of which own Marlboro cigarettes, with the former selling them in the U.S. and the latter selling them internationally — logged sizable losses during Tuesday’s session after the firms announced a potential plan to mitigate falling cigarette sales. Philip Morris — […]

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Daily Perspective
Tobacco

Here’s Why Tobacco Stocks Took a Big Hit on Wednesday

Shares of the world’s largest tobacco companies fell during Wednesday’s session after news broke of a new Food and Drug Administration (FDA) investigation into vaping. Several stocks – including U.S.-based Altria Group Inc. (MO) and U.K.-based Imperial Brands Plc. – fell to more than one-month lows. Tobacco stocks have always been the de facto “black […]

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