Buyers are looking for the best tobacco stocks on the market, according to an online retailer.
The online retailer, Cigar Junkies, has listed more than 2,000 tobacco stocks in the last 24 hours and offers a selection of tobacco brands.
The website says, “The CigarJunkies Stock Advisor’s recommendation of these stocks will be based on their current price/price range, their recent price increases and the market cap of the company.”
Some of the stocks are popular tobacco stocks, such as Altria, which has an upswing in the tobacco market and has been buying up new tobacco products to expand its portfolio.
Cigar Junkie has been working to find the best stocks for its users, and its latest list is the best-performing tobacco stock.
The company’s stock has jumped nearly 20 percent this week.
In a press release, Cigard Junkies said, “While it is possible that some of these new offerings will not be in the top 25, the stock of Altria is growing in popularity and has shown strong returns.”
Altria is a global tobacco company.
It produces cigarettes, cigarillos, and cigars.
Its market cap has nearly tripled in the past year.
It has been in a downward spiral since the tobacco companies started to sell more products with no tobacco in them.
The rise of the internet and new tobacco options like e-cigarettes has made these new products more popular.CIGJUNKS stock analyst Dan O’Leary says, “”It has become a very profitable business and it’s a lot more profitable than it was in the previous year.
People are more willing to buy from it because they can find better brands at lower prices.
“The company has been investing heavily in the company’s tobacco business.
Cigar Junkies says,”Altria has invested over $6 billion in the U.S. in order to improve its tobacco portfolio and continue to grow its global tobacco operations.
It has also increased its tobacco production capacity by over 300,000 metric tons.
“Cigarette Junkie says,Cigard Junkie says its stock is up about 16 percent this month.
Citron says its market cap rose 19 percent this year.
Citi Group said last month that its market value is down 2.5 percent.