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Tobacco Stocks comprise companies and individuals engaged in the growth, shipment, sales, distribution, and advertisement of Tobacco and related production. - 2
Tobacco stock is booming in terms of income and popularity, creating a strong position in society.
The increased demand for Tobacco and related products, straightway sought the attention of traders towards the Tobacco stocks. The continuous growth of the Tobacco industry in the global market tells the success story and the US is one of the major contributors in the list. The powers of the US Tobacco industry in the stock market can be understood by exploring the 5 best US Tobacco stocks.
Vector Group Ltd (VGR)
Vector Group Ltd. is an American holding firm established in 1980, engaged in the distribution of Tobacco products. Apart from Tobacco, the company also operates in other segments including Corporate and real estate. The company holds around 509 employees adding to Vector Group Ltd. in generating revenues of around $1.441 Billion. At present, VGR’s stock price is $10.62 with a market capitalization of $1.656 Billion. The increased demand for Tobacco and related products may boost the value of VGR soon.
Altria Group (MO)
Another firm name in the list of top US Tobacco stocks is Altria Group, one of the world’s biggest Tobacco manufacturers. The company was founded in 1919 and developed its strong position as one of the largest Tobacco and related product manufacturers. With around 6.3K employees, Altria Group is generating annual revenues of $20.688 Billion. Focusing on the stock performance, the company is performing well. MO stock price is $42.77, a hike of 0.09% with a total market cap of $75.98 Billion.
Universal Corporation (UVV)
Universal Corporation, a leading Tobacco merchant worldwide, also secured a top position in the rising US tobacco stocks. Founded in 1886, the company generates an annual revenue of around $2.57 Billion with a net income of $124.052 Million. Also, Universal Corporation is doing well in the US tobacco stock market. UVV stock price is $47.33, a hike of 0.19% in the last 24 hours with a market cap of $1.166 Billion.
Philip Morris International (PM)
Another powerful stock ready to boom the US tobacco stock market in the near future is Philip Morris International—an American international tobacco company operating in more than 180 countries with a 79.8K workforce. Founded in 1847, Philip Morris International generates an annual revenue of $31.529 Billion and a net income of $9.024 Billion. PM’s stock price is $94.03 with a market cap of $145.967 Billion.
British American Tobacco PLC (BTI)
British American Tobacco PLC is another popular name in the US tobacco industry, holding the power to boost the market soon. Established in 1902, the company generates an annual revenue of $34.085 Billion with a net income of $8.151 Billion. Focusing on the stock market, BTI’s stock price at present is $32.21, a hike of 0.28% with a market cap of $71.648 Billion.
Conclusion
The upturning demand for Tobacco and related products simply sought the attention of users toward the tobacco stocks. Universal Corporation, British American Tobacco PLC, Vector Group Ltd, Altria Group, and Philip Morris International are some strong players in the game.
Source: https://www.thecoinrepublic.com/2023/08/26/5-best-us-tobacco-stocks-rising-straightaway-in-august-2023/