Alcohol and cigarette stocks have more in common than investors like to admit.
The FDA is advancing a plan to ban menthol cigarettes, which it says are harder to quit. WSJ’s Jennifer Maloney explains why the Biden administration wants to stop them from being sold, and why critics say a ban could have unintended consequences. Illustration: Jacob ReynoldsSome sin stocks seem to be easier to forgive than others. Investors’ fondness for liquor over cigarettes is a puzzle, even if it shows little immediate sign of changing.
The tobacco sector shows how quickly popular investments can sour if regulators decide to crack down on addictive consumer products. Five years ago, big cigarette stocks were trading at 19 times projected earnings on average, having generated total annual shareholder returns above 20% since 2000—more than four times the S&P 500 average.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
I’m Struggling With Getting My Pre-Baby Body Back (But Not In The Way You Think)Why is the media promoting this post-baby body bounce-back? Why are we not showing the real post-baby life?
Lire la suite »
Dallas Chop House in downtown Dallas will not reopen — and here’s whyA new steakhouse, Wicked Butcher, will take its place.
Lire la suite »
Why Apple should not build an iCarSetbacks in Apple's car ambitions, the immense effort to build cars, Google’s struggles and potential Apple Stans are all reasons to cancel the iCar.
Lire la suite »
Boris Johnson takes responsibility but will not quit over lockdown partiesBoris Johnson said he was humbled and took responsibility but refused to quit after a damning official report on Wednesday detailed a series of illegal lockdown parties at the British leader's Downing Street office.
Lire la suite »
Joan Collins Said This 'Dynasty' Co-Star Wouldn't Speak to HerJoan Collins has opened up over the years about why 'Dynasty' co-star John Forsythe would not speak to her for an entire season of the show.
Lire la suite »
Do You Say ‘Happy Memorial Day'? Why Some Military Families Wish You Wouldn'tMilitary family members share why the somber holiday is one of the most painful days of the year and should not be marked by celebratory wishes.
Lire la suite »