Despite being on the receiving end of stringent ESG standards, tobacco stocks have been significant wealth creators for investors over the past few decades. Since last year, high inflation has affected cigarette sales. However, with inflation easing considerably from last year’s peak, cigarette sales are likely to grow.
Amid this backdrop adding fundamentally strong tobacco stocks Altria Group, Inc. (MO), British American Tobacco p.l.c. (BTI), and Vector Group Ltd. (VGR) to one’s watchlist could be wise.
