PRICES AND DIVIDENDS PERFORMANCE In 2023, tobacco stocks faced headwinds. An accelerated decline in smoking volume and potential new restrictions on the sale of nicotine products weighted on investors’ minds. Tobacco stocks fared poorly compared to the S&P 500. This may be an unfair comparison because the popular index was dominated by 7 tech stocks that accounted for much of its gain.
Gene, thank you for sharing the links!
May I suggest adding Anthony's posts to your list? He has some unique insights, especially about BAT. https://substack.com/@recital