Tobacco: Bad for health, good for portfolio?
Consumer staples have felt the pain of the recent market correction, but one group from a technical perspective has held up better than the rest: tobacco. Tobacco stocks pay high dividends and names like Altria and Reynolds American continue to post earnings growth. Cowen says cigarette makers continue to benefit from cheaper gas prices, noting volume declines have been trending above historic rates. Time to buy?
Tue, Sep 15 20153:46 PM EDT