By Thierry Laduguie | Friday 30 August 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Tobacco companies have a good track record in bear markets, they are defensives as opposed to cyclicals. Defensive shares tend to do well when the general market goes down while cyclical shares tend to outperform the general market in a bull market.
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