The Supremes Help Tobacco Stocks

The market is doing very well for us today. AFLAC (AFL) spiked as high as $46.20 before pulling back below $45. It’s still holding on to a nice gain.
Reynolds American (RAI) is getting a nice boost thanks to the Supreme Court’s decision in favor of the tobacco companies. All the major tobacco stocks are doing well today. RAI got as high as $54 a share earlier today.
This is a very split market today. The consumer stocks are doing well while the economically sensitive stocks are down. The Morgan Stanley Consumer Index (^CMR) is up 0.52% while the Morgan Stanley Cyclical Index (^CYC) is down -0.65%.

Posted by on June 28th, 2010 at 2:26 pm

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