Jim Cramer says if he had to pick a tobacco stock, he'd buy Altria as the company takes aggressive moves to offset the secular decline in smoking.
The tobacco sector has soared in recent months even as smoking rates continue to decline and vaping becomes more popular, CNBC's Jim Cramer said Wednesday.
"If I had to choose between these big tobacco titans, I'd pick Altria here as the company's taking aggressive action to offset the secular decline in smoking," the "Mad Money" host said. Investors that frown upon owning tobacco stocks, as Cramer does, should continue to make other investments, he said. Still, Cramer said he thinks Altria's stock is more compelling.
"[The former] gives Altria some badly-needed growth in a brand new market that has a lot in common with the cigarette business, but doesn't kill as many people, that I know of," he said."Juul bills itself as a safer alternative to regular cigarettes ... It's also much more effective at helping people quit smoking than Nicorette gum or the patch."
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