Cigarette Names Performing Relatively Well Against Broader Markets

As fear returns (or perhaps never left is more apropos) to the equity markets, the indexes are dropping sharply today, with the Dow and S&P 500 down sharply, and the NASDAQ off more than 1%. Despite this, the cigarette names are performing relatively well, in comparison to the broader equity indexes. Altria MO shares are off 17 cents to $26.73, a loss of 0.63%‎. Lorillard Inc. LO shares are off 43 cents to $111.37, a loss of 0.38%. Philip Morris International Inc. PM shares are off $1.33 to $67.75, a loss of 1.94%. Reynolds American, Inc. RAI shares are off 23 cents to $7.49, a loss of 0.61%.