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Big tobacco firms Imperial and BAT fall on vape tax news
Proactive Investors· 2024-02-27 11:48
Shares in tobacco giants British American Tobacco PLC (LSE:BATS) and Imperial Brands PLC (LSE:IMB) fell on news that vaping and cigarettes could be hit with new taxes in the UK. Prime minister Rishi Sunak and chancellor Jeremy Hunt are mulling introducing a new tax on vapes at next Wednesday's Budget, according to media reports. Currently vaping products are subject to VAT but not the same levy as is applied to cigarettes. Tobacco duty could also increase at the Budget, to ensure that vaping remains cheaper ...
2 Ultra-High-Yield Dividend Stocks That Billionaires Are Buying Hand Over Fist
The Motley Fool· 2024-02-27 10:17
Some people see the S&P 500 index reach new heights and worry they're missing out while others worry there's a crash around the corner. Whichever camp you're in, buying more dividend-paying stocks is probably the surest way to build a portfolio that can outperform over time.Dividend-payers as a class tend to outperform non-payers because these companies are already profitable on a recurring basis. Plus, a commitment to distribute a portion of profits forces managers to think further ahead and exercise more ...
Is This 10% Yielding Tobacco Stock Finally a Buy?
The Motley Fool· 2024-02-24 11:35
The stock market has gotten its animal spirits back yet again. The S&P 500's price-to-earnings ratio (P/E) has hit 27, Nvidia has rocketed to one of the largest market caps in the world, and Super Micro Computer is up more than 750% in less than a year. We are living through an artificial intelligence (AI) boom, at least in the stock market, which has investors extremely optimistic about the future. What if you want to fade the AI boom? For more conservative investors, now may be the time to hunt for steady ...
7 Overlooked Dividend Stocks That Deserve Investor Attention
InvestorPlace· 2024-02-22 17:09
Although passive income represents a core component of portfolio health, some ideas languish under the category of overlooked dividend stocks. Whether because of their unconventional or perhaps controversial businesses, certain companies just don’t get the immediate nod.That might be a mistake. Yes, the usual suspects – such as the most-popular dividend aristocrats and kings – capture most of the attention. However, as with anything, a little digging around can yield surprisingly robust ideas.Further, by go ...
Where Will British American Tobacco Stock Be in 1 Year?
The Motley Fool· 2024-02-22 10:35
The main attraction of British American Tobacco (BTI -0.17%) is the stock's huge 9.7% dividend yield. That's a shockingly high number for a consumer staples maker. It's understandable that income investors would find the yield attractive -- or at least attractive enough to dig into the cigarette maker's backstory.Here's the thing -- in a year, the story won't change all that much. But the real question (if you want to live off that dividend over the long term) is: How many bad years can the business withsta ...
Unveiling British American Tobacco's Value Dilemma
Seeking Alpha· 2024-02-20 22:48
Khanchit Khirisutchalual/iStock via Getty Images Introduction British American Tobacco (NYSE:BTI) (OTCPK:BTAFF) gets a “Strong Buy” rating from Wall Street analysts and a “Buy” rating from Seeking Alpha analysts. The number of articles published here on Seeking Alpha, their readership, and the comments mostly indicate a bullish consensus. I totally understand why the stock is so attractive to investors right now. It offers a 9.5% dividend yield, looks incredibly cheap, and seems resilient to economic do ...
Wall Street Favorites: 7 Long-Term Stocks With Strong Buy Ratings for February 2024
InvestorPlace· 2024-02-20 18:00
U.S. indices are hitting new all-time highs seemingly every week. Traders are enthusiastic, but some analysts are warning of a potential market bubble. In fact, if the Federal Reserve fails to deliver anticipated rate cuts, the market could be in for a significant correction. But fear not. For investors with a greater time horizon, there are still plenty of great opportunities at present. These seven long-term stocks to buy off solid value and are set to outperform the market. That’s not just me saying it. ...
British American Tobacco p.l.c. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - BTI
Prnewswire· 2024-02-20 10:45
NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in British American Tobacco p.l.c. (" British American Tobacco" or the "Company") (NYSE: BTI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of  British American Tobacco investors who were adversely affected by alleged securities fraud between February 9, 2023 and December 6, 2023. Follow the link below to get more information and be contacted by a member of our team: https ...
3 Stocks to Buy as Soon as Investors' Good Moods Turn Sour
InvestorPlace· 2024-02-19 18:42
Undoubtedly, within the financial markets, there are companies not so well recognized by many investors that are making completely incredible and wonderful advances, with exponential growth and wonderfully innovative products and services. It is worth analyzing these companies in detail. Also, consider adding them to your investment portfolio if you are looking for considerable growth in your returns. Here are three stocks to buy, let’s take a brief look.British American Tobacco (BTI)Source: DutchMen / Shut ...
British American Tobacco has lots of upside, reckons Jefferies
Proactive Investors· 2024-02-19 15:45
BAT's set-up currently is appealing, suggests the analysts at Jefferies, and there is a lot of upside potential at the cigarette group, reckons the US Bank. In particular, BAT’s non-US businesses are often overlooked but are growing handily and should be   supported by a recovery in US industry volumes in both cigs and vape. Ex-US organic sales and underlying profit grew by 9% and 8.5% respectively in 2023, with growth of 6.5% and 6.3% forecast by the bank for this year. In the US, PMTA approval of BAT's to ...