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A $365 Billion Fund Manager Bets On Smokers For Bull's Next Leg: (HFQAX) - (HDAVX)
FYI: Grappling with where to spend that extra dollar as the bull run for U.S. equities rages on? Try some unloved consumer staples stocks and tobacco companies dishing out dividends, says one veteran money manager.
Stocks with higher valuations, such as tech, that pay low dividends have been trouncing cheap equities with big payouts, but that may be about to change, according to Ben Lofthouse at Janus Henderson. The valuation gap is now so stark that it’s driving him into companies like General Motors, with an expected dividend yield more than double the S&P 500 average. Regards, Ted https://www.fa-mag.com/news/a--365-billion-fund-manager-bets-on-smokers-for-bull-s-next-leg-40622.html?print
