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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
Anheuser-Busch InBev SA/NV
Philip Morris International Inc.
Altria Group, Inc.
Las Vegas Sands Corp.
Constellation Brands, Inc.
MGM Resorts International
Molson Coors Brewing Company
Wynn Resorts, Limited
The Boston Beer Company, Inc.
Boyd Gaming Corporation
Red Rock Resorts, Inc.
Penn National Gaming, Inc.
RCI Hospitality Holdings, Inc.
Monster Beverage (MNST) is facing headwinds related to higher freight costs and adverse currency. Nevertheless, its constant product launches and innovations may provide some respite.
Missouri Republican Senator Josh Hawley tells Yahoo Finance's On the Move that Beijing is the biggest security threat to this country in the 21st century
(Bloomberg) -- Juul Labs Inc., the largest e-cigarette maker in the U.S., is suspending sales of most nicotine pod flavors nationwide, bending to pressure from officials and the public who said sugary flavors were hooking teens.Fruit and dessert flavors, which the company was selling to people over 21 through its website, are no longer available in the U.S. pending a review by the Food and Drug Administration, Juul said. It will continue selling mint, menthol and tobacco flavor pods in stores and online.The creators of Juul have said they designed e-cigarettes to help longtime smokers switch, but the popular devices have also introduced a generation of teens and young adults to nicotine. Scott Gottlieb, the former FDA commissioner who declared youth vaping an epidemic, said Juul’s decision to continue selling mint and menthol won’t solve the problem. “Mint is a candy flavor,” Gottlieb said. “A lot of the youth use has shifted to that flavor.”Juul said the new sales restriction comes out of a review led by the new chief executive officer, K.C. Crosthwaite, who joined last month from tobacco giant Altria Group Inc. As part of that review, Juul said last month it would stop all U.S. advertising, refrain from supporting a proposition to voters in San Francisco that would reverse an e-cigarette ban and stop lobbying the government about legislation related to flavors. Michael Bloomberg, the founder and majority owner of Bloomberg LP, funds anti-vaping advocacy initiatives, including one to defeat the San Francisco ballot measure.Shares of Altria, which sells Marlboro in the U.S. and is Juul’s largest shareholder, were up 1.2% to $44.05 at 2 p.m. in New York. “We must reset the vapor category by earning the trust of society and working cooperatively with regulators, policymakers, and stakeholders to combat underage use while providing an alternative to adult smokers,” Crosthwaite said in a statement.The new policy began Thursday and affects sales on its website of the flavors fruit, creme, mango and cucumber. Online purchases of the remaining flavors will continue to be screened by Juul’s age verification system.Juul had stopped the distribution of those flavors last November to physical retailers in the U.S., a move it made in anticipation of sales restrictions from the FDA on flavored e-cigarette products. That move led to a slight dip in sales, but the San Francisco-based company has largely recovered, thanks partly to international growth.In the U.S., Juul controls 70% of vape sales, according to market research firm IRI, which doesn’t track online sales. Investors valued Juul at $38 billion in December, before growing outrage in recent months led to the departure of its previous CEO.In September, Health and Human Services Secretary Alex Azar said that U.S. health monitors had seen a continuing rise in youth use, including of flavors like mint and menthol. He said the Trump administration’s goal was to ban those flavors and leave only tobacco-flavored e-cigarettes on the market.Juul is still evaluating which products and flavors to submit for regulatory approval in May, which means some of these flavors could return to shelves if the FDA approves them. Josh Raffel, a spokesman for Juul, said the company could also extend its temporary sales ban to other flavors, such as mint and menthol. “We continue to review our policies and practices in advance of FDA’s flavor guidance and have not made any final decisions,” he said.(Updates with market share data in the eighth paragraph.)To contact the authors of this story: Ellen Huet in San Francisco at email@example.comDrew Armstrong in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AB InBev's (BUD) third-quarter sales are likely to reflect gains from improving trends in key markets and premiumization efforts. But currency woes and commodity cost inflation might hurt margins.
Philip Morris' (PM) Q3 results gain from growth in heated tobacco unit and favorable pricing. However, decline in cigarette shipment volumes was a drag.
Investing.com – E-cigarette company Juul Labs will no longer sell sweet and fruity e-cigarette refill pods online, news reports said Thursday.
Investing.com – Boston Beer (NYSE:SAM) surged on Thursday after Cowen upgraded its outlook on the beverage company, citing the explosive growth of its seltzer brand.
Philip Morris (PM) delivered earnings and revenue surprises of 5.93% and 0.42%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - Philip Morris reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
Juul Labs will cease US online sales of its fruity-flavoured e-cigarette pods as it battles a “lack of trust” and pressure from regulators over the health effects of vaping. Pending a review from the Food and Drug Administration, Juul said on Thursday it was suspending sales of its non-tobacco-, non-menthol-based flavours in the US. The start-up acknowledged “the lack of trust in our industry” and said it regarded the Food and Drug Administration’s practices were the best way to determine what role its products could play in helping wean adult smokers off traditional cigarettes, while also keeping them away from minors.
Investing.com -- There's a Brexit deal in the offing, although it still needs to be approved by a recalcitrant British parliament. The pound and other U.K. and European assets are responding with enthusiasm. Elsewhere, Netflix (NASDAQ:NFLX) is set for a pop after stronger-than-expected earnings in the third quarter, even though subscriber growth again fell short of expectations. There are also regular updates on U.S. industrial production and the housing market, while oil is struggling after a big build in U.S. crude stocks last week. Here's what you need to know in financial markets on Thursday, 17th October.
Earnings will continue as the focal point for investors Thursday, as Morgan Stanley and Union Pacific gear up to report.
The sale will free up cash, offering MGM flexibility to operate in new and different ways, said MGM Resorts Chairman and CEO Jim Murren.
Las Vegas Sands (LVS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MGM Resorts has divested real estate assets worth $5bn, striking two deals that will see iconic Las Vegas properties pass to the Blackstone Group and to Donald Trump’s business partner in the gambling capital. , who joined with Mr Trump to develop the Trump International, a non-casino hotel and condominium in Las Vegas.
Investing.com – Wall Street was slightly lower on Wednesday as upbeat earnings from Bank of America (NYSE:BAC) were offset by concerns that a U.S. bill favoring Hong Kong protests could stoke fresh trade war retaliation from China.