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Stock Ideas Investors Daily Edge This Sector is Still Lighting it Up
Stock Ideas Investors Daily Edge This Sector is Still Lighting it Up 
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Many folks are moving out of dollar-denominated assets. And that’s fine--if you know what you’re doing and aren’t throwing money around on an emotional whim. One of the best ways to generate solid gains while the dollar is sagging--far easier than opening a foreign exchange trading account--is to pick the right stocks in the right markets beyond the US. |
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| This Sector is Still Lighting it Up |
| Tuesday, 19 February 2008 | ||||||
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Of the three best recession-resistant sectors, only tobacco is holding up its end of the bargain. Household goods fell seven percent from the second week of October through the end of January. The alcoholic beverage group did much worse. Distillers and vintners dropped 17 percent. Tobacco, on the other hand, rose more than five percent, much better than the S&P’s 15-percent drop. Over the past three months, the best performing tobacco stocks have been Alliance One International (AOI) and Universal (UVV), with UST (UST) and Reynolds American (RAI) barely higher. The company with the strongest global footprint and the one best positioned to take advantage of global growth didn’t make the top four. It’s Altria (MO), which makes Marlboro among other brands. It’s splitting into a domestic company and an international one. The international part of the company has already made inroads into China and is poised for strong growth. Once the split is completed, it won’t have U.S. litigation to worry about either. Give tobacco a chance if you haven’t already. There’s no stronger sector during a recession, and there are some interesting companies to choose from. P.P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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