Big tobacco stocks are booming again as investors scramble to capitalize on the popularity of e-cigarettes and the growing popularity of tobacco products that do not contain the harmful chemicals found in cigarettes.
But some big tobacco stocks have been hit hard by the government’s recent decision to halt sales of tobacco-contaminated e-cigs, which are marketed as alternative ways to quit smoking.
Big tobacco is now the most heavily traded stock on the NASDAQ Stock Market, down about 5% in 2018.
The Justice Department announced Monday that it would halt sales in all U.N. member countries of e.cigarettes that are sold through e-cigarette manufacturers.
The move is the latest in a string of U.K.-based companies that were previously exempted from the ban.
Big tobacco companies that are trading on the London Stock Exchange have been hammered by the ban, losing more than $1 billion on the stock market over the past year.
The e-cig stocks that are listed on the New York Stock Exchange lost $4.3 billion in the past 12 months.
The decision comes as the United Nations Framework Convention on Climate Change has been hailed as a key catalyst for the tobacco industry to take a stand against the greenhouse gas emissions that are driving global warming.
Big Tobacco stocks have fared well since the announcement.
In 2018, the U.KS. tobacco companies’ average share price rose about 7%, according to Bloomberg data.
Big Tobacco stocks gained 7% in 2019, up from a 1.7% gain in 2018 and a 4% gain last year.
The U.B.C. Tobacco Group, the biggest U.T.O. tobacco company in the U.
“Big Tobacco” stocks have risen about 30% since the beginning of 2018, when the tobacco company was founded in 1859 and has had a strong business for years.
The U.U.T.’s stock has risen about 11% over the same time period.
The tobacco group’s biggest rivals, the Reynolds American Corp., and Lorillard International Inc., have also gained.
Big U.L. Brands Inc., the largest U.R. Brands, has gained about 6% over that same period.
The American Cancer Society, which advocates for the reduction of tobacco use, praised the move as a win for public health.
The United States, the first nation to fully ban sales of e cigs, has the largest e-liquid market in the world.
This decision is a major victory for the American public, and a positive step in the right direction for public safety,” said Dr. Thomas Frieden, the former U.A.C.’s vice president for public affairs and public policy.
The ban was the latest of several U.F.C.-inspired moves by the Trump administration to curb the sale of e Cigarettes to non-U.S.-based retailers.
U.s. government agencies announced that they were taking similar actions to block the sale and marketing of e cigarettes in the European Union and Japan.
In the United States alone, there have been more than 6.7 million e-smoking bans and more than 10,000 fines issued against companies.
The government also has said it will fine companies up to $20 million for selling products that contain nicotine or tobacco.
The FDA has already said it is in the process of enforcing more than 3,000 other tobacco products restrictions that are part of a broader effort to curb smoking and help curb the public health threat posed by tobacco use.