Outside the Box: Buy these tobacco stocks for smokin’ profits

Tobacco stocks got a bounce earlier this month on news of the resignation of Food & Drug Administration chief Scott Gottlieb.

This made sense because he has had it in for vaping, menthol cigarettes and nicotine levels in cigarettes. But tobacco stocks looked attractive even before we learned of Gottlieb’s plans.

Above all, tobacco names had gotten pretty cheap. And a little insider buying has popped up. It’s often a bullish combination when insiders are buying “value” stocks — as long as there are plausible reasons why the stocks might move higher, or at least the outlook doesn’t appear as bad as investors think.

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