Tags: Sin | Stocks | Drink | Smoke

Sin Stocks Are In: Drink, Smoke and Buy

Monday, 05 Dec 2011 08:03 AM

Sin is in, and it's good, at least for investors.

Stocks in companies that produce tobacco, alcohol and gambling services are on the rise.

Shares of tobacco companies Lorillard, Philip Morris and Altria are up 34 percent, 29 percent and 15 percent, respectively, this year, USA Today reports.

Spirits company Brown-Forman is up 13 percent, and gaming stocks such as Wynn Resorts and Churchill Downs are each up 14 percent.
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"Vice stocks are showing they are a necessary part of a diversified portfolio," says Jerry Sullivan, manager of the Vice fund, which invests in those industries, the newspaper reports.

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(Associated Press photo)
Fund-tracker Morningstar says the Vice Fund has returned 10.3 percent this year.

"You have to get beyond the point of saying, 'I don't like this' or 'I don't like that,' " Sullivan adds.

Demand for alcohol remains stable although beer can be volatile and sales of smokeless tobacco products are on the rise in the United States.
Investors like stability in this market.

The S&P 500 broad index of stocks has taken wild swings this year concerns such as political bickering in the U.S. over economic management to fears Europe will be unable to contain the debt crisis there and prevent the eurozone from unraveling have spooked investors time and time again.

Those fears aren't going away any time soon, especially in Europe, where the Standard & Poor's rating agency says the winds of recession are blowing.

"Europe's approaching recession first took hold in Spain, Portugal and Greece, and the economic woes are now spilling over into the eurozone's core of France and Germany," S&P's chief economist in Europe Jean-Michel Six says in a statement, according to CNNMoney.

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Sin is in, and it's good, at least for investors. Stocks in companies that produce tobacco, alcohol and gambling services are on the rise. Shares of tobacco companies Lorillard, Philip Morris and Altria are up 34 percent, 29 percent and 15 percent, respectively, this...
Sin,Stocks,Drink,Smoke
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2011-03-05
Monday, 05 Dec 2011 08:03 AM
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