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Rally in tobacco stocks could burn out fast

REUTERS

2 min read . Updated: 13 Feb 2022, 07:07 PM IST CAROL RYAN, The Wall Street Journal

A revaluation of cigarette companies probably has more to do with hedge-fund positioning than long-term investors’ conviction in their shift to smokeless products

Tobacco stocks are fashionable again, but investors’ taste for nicotine may not last.

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