Consumer Defensive: Few Values in this Pricey Sector
Market continues to underappreciate tobacco stocks.
The Morningstar U.S. Consumer Defensive Index gained 5% quarter to date through June 21, in line with the 3% uptick in the broader market (Exhibit 1).
Sector performance has strengthened over the last three months - source: Morningstar Analysts
Sonia Vora does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.