From Bill Hall: Could marijuana investing be the break you need to build a million-dollar fortune in the months ahead?
From Bill Hall: In last week’s Money and Markets article, I told you about how one of America’s biggest sin stock industries is positioning itself to profit from the expected legalization of marijuana at the federal level in the U.S.
From StockNews.com: Altria Group Inc (NYSE:MO) early Wednesday posted mixed fourth quarter earnings results and offered an outlook that fell short of expectations.
According to Wells Fargo analyst Bonnie Herzog, the likelihood of a tobacco mega merger between Philip Morris (NYSE:PM) and Altria (NYSE:MO) has improved as of late, with a deal possibly on tap for 2017.
From Bob Ciura: This could be a turning point in the marijuana legalization movement. The recent election saw the largest state in the union, California, legalize marijuana for recreational use, in addition to Massachusetts and Nevada.
Reynolds American, Inc. (NYSE:RAI) shares were on the rise Monday morning, after a report surfaced indicating a higher takeover bid was coming this week from British American Tobacco.
Tobacco giant Altria Group Inc (NYSE:MO) this morning posted market-beating Q3 earnings and noted a recent alcohol investment has paid off nicely.
Today brings news of multiple potential tobacco mega mergers, which placed attention to a handful of major consumer-focused exchange traded funds with large tobacco exposure.
British American Tobacco PLC (NYSE:BTI) made a big merger offer to Reynolds American, Inc. (NYSE:RAI) today, spiking the latter’s shares up to 23% in early trading.
Philip Morris International Inc. (NYSE:PM) is making big inroads in the Japanese tobacco market with its iQOS smokeless tobacco e-cigarettes, which could drive big revenues in a country with 20 million smokers.
Tobacco giant Altria Group Inc (NYSE:MO) on Wednesday posted better-than-expected earnings results, although its tepid outlook wasn’t enough to give the shares much of a boost.
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