Consumer Defensive: Few Values in this Pricey Sector
Market continues to underappreciate tobacco stocks.
Mentioned: Anheuser-Busch InBev SA/NV (BUD)
, Imperial Brands PLC (IMBBY)
, British American Tobacco PLC (BTI)
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.