Wall Street Fundamentals Releases New In-Depth Stock Reports on LO, MO, RAI and VPCO
The e-cigarettes market has grown at a rapid pace as they are seen to be less harmful than traditional cigarettes. E-cigarettes are currently not regulated by the U.S. Food and Drug Administration. According to a recent Wall Street Journal article, industry experts believe e-cigarette sales in the U.S. could reach $1 billion in 2013, approximately double the sales in 2012. The growing popularity of e-cigarettes has prompted major tobacco companies to begin offering e-cigarettes of their own.
Lorillard Inc. (NYSE: LO) shares traded in the range of $42.92 to $44.12 Thursday before settling to close at $44.07, an increase of 2.68 percent. The stock appears to be facing some resistance at $44.37 with support at $43.29. The company acquired Blu Ecigs, the 2nd ranked brand of e-cigarettes, in April 2012 for approximately $135 million. Shares of Lorillard have gained approximately 13.3 percent in 2013.
More information on Lorillard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LO
Altria Group Inc. (NYSE: MO) shares traded in the range of $35.48 to $35.99 Thursday before settling to close at $35.76, an increase of 0.45 percent. The stock appears to be facing resistance at $36.11 with some support at $35.44. The company recently announced that its Nu Mark subsidiary will begin offering MarkTen branded e-cigarettes in August. Shares of Altria Grouphave gained approximately 13.75 percent in 2013.
More information on Altria Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MO
Reynolds American, Inc. (NYSE: RAI) shares traded in the range of $47.62 to $48.55 Thursday before settling to close at $48.16, an increase of 1.28 percent. The stock appears to be facing some resistance at $48.32 with support at $47.58. The company recently launched its Vuse Digital Vapor cigarette in the state of Colorado. Shares of Reynolds American have gained approximately 16.25 percent in 2013.
More information on Reynolds American and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RAI
Vapor Corp., (OTCMKTS: VPCO) shares traded in the range of $0.90 to $1.15 Thursday before settling to close at $1.11, an increase of 24.58 percent. The company currently designs, markets and distributes e-cigarettes under the Fifty-One, Krave, VaporX, EZ Smoker, Green Puffer, Americig, Fumre Hookah Stix and Smoke Star brands. Shares of Vapor have gained approximately 428.0 percent in 2013.
More information on Vapor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/VPCO
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com