Tobacco company Altria Group, Inc. (NYSE: MO) offers cigarettes, smokeless products, and wine in the United States. The cigarette giant projects strong profitability prospects and less volatility in the current uncertain market as it is a provider of necessities in the consumer staples sector and has strong pricing power. However, Altria's valuation and financials have been impacted by a number of negative news stories. It lost more than 9% at Wednesday’s close following a Wall Street Journal article about the U.S. Food and Drug Administration’s (FDA) proposed ban on Juul Labs' vape products.  According to the report, the FDA is on the verge of banning Juul e-cigarettes from the U.S. market.
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Altria (NYSE:MO)
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