There's no shortage of information about the financial world these days, from your television to the apps on your phone. What's difficult but important is to separate the important information that will allow you to identify those investments that can guarantee your profits for years to come.
Altria Group (MO) , one of the world's largest makers of cigarettes and other tobacco products, has had an up-and-down year so far, but is poised for another upswing.
Altria shares were roughly flat in Friday trading.
The stock price rose steadily for most of 2016 due to strong earnings, then dipped after California approved an increase in its cigarette tax. But this seems more likely to be a temporary setback than a fundamental change in the company's strong position in the marketplace.
Altria and Philip Morris share much of the world's tobacco market. Altria focuses on the United States, while Philip Morris is the dominant seller in dozens of foreign countries. Altria's price-earnings ratio is more than 23, reasonable for a company with so many committed customers.