But high unemployment and rising cigarette prices and taxes also have caused many smokers to smoke less and trade down to cheaper brands during the recession to save money. Lorillard's Maverick and Reynolds American Inc.'s Pall Mall have been among the beneficiaries.During the third quarter, Maverick saw its volume increase about 1 percent after several quarters of solid growth.
Cigarette Maker Lorillard 3rd-quarter Profit Rises
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.