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Altria stock needs a fresh catalyst, and it has the makings of one in its small-but-growing e-cigs business.
Altria Group Inc. (NYSE: MO) stock had a 64% from last February to march of this year. But with pressure on smoking as a health hazard rising, the company’s traditional business is expected to shrink in the years ahead. That’s why Altria has jumped into the e-cig market, which is growing exponentially.