Word: altria
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TIME: Philip Morris USA, a division of your largest shareholder, Altria, has supported the organization that is downplaying the risks of obesity...
...grown just 22%, according to fund tracker Lipper. But a recent study by environmentalist Paul Hawken suggests investors might be getting more than they bargained for. Hawken, who runs the Natural Capital Institute in San Francisco, found socially responsible funds owning companies like Iraq-entangled Halliburton, tobacco-products maker Altria and weapons manufacturer Raytheon...
...tied by a shrinking U.S. market, the Marlboro Man is setting his sights on China. Altria Group's Philip Morris International will soon produce the world's best-selling cigarette in the world's largest tobacco market. China's more than 300 million smokers consumed 1.75 trillion cigarettes last year, but foreign sales accounted for only about 5% of these because of government restrictions. The venture with Fujian province's Longyan Cigarette Factory will make Marlboros widely available in China. But Big Tobacco's China dreams have gone up in smoke before. In 1986 R.J. Reynolds formed a $31 million...
IDENTIFY LIKELY WINNERS Gold stocks (Barrick, Newmont) and oil services and drillers (Anadarko, Schlumberger) tend to rise amid global turmoil. They also benefit from the kind of global expansion we're now seeing (led by China). Traditional safe-haven stocks like drugs (Pfizer, Merck), tobacco (Altria) and beverages (Anheuser-Busch) would hold up relatively well, and may come into favor anyway because they pay decent dividends...
...strategist at Morgan Stanley, predicts that a surge in the prices of stocks with a yield will be one of the big surprises of 2004 and that the year's winners will include Pfizer, Wyeth, Bristol-Myers, GE, Microsoft (it started paying a dividend last year), Coca-Cola and Altria. Any number of mutual funds focus on dividend payers. Among the best are Fidelity Dividend Growth, T. Rowe Price Dividend Growth and (if you invest through a broker) Capital Income Builder from the American Funds group. Don't bet too much on any one theme. Keep large-and small...