Home » alcohol sin stocks » Diageo And Philip Morris International: “The World’s Two Best Stocks”?

In an article published by Investing Post, alcohol sin stock Diageo (DEO) and tobacco sin stock Philip Morris International (PM) are called “the world’s two best stocks”.

According to the article, many investors like sin stocks because it’s believed that they remain strong during economic downturns. However, as the author points out, these stocks were hit during the 2007/2008 recession and have come back afterward, more than doubling in recent years.

The article goes on to describe that consumers are flocking to vice purchases, and the stocks themselves have more room for growth yet.

The strength of both of these stocks is in the international markets (and especially emerging markets). Diageo increased its marketing spend and presence in Africa while Philip Morris is making significant in-roads in Asia.

Source: Investing Post.

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