There’s plenty of excitement in the stock market right now as artificial intelligence (AI) technology drives huge gains from some stocks. While investing in AI could be a good idea, it’s not the only way to generate solid long-term returns. Don’t forget about boring, unloved stocks trading at pessimistic prices.
Two boring stocks worth buying today are tobacco giant British American Tobacco (NYSE: BTI) and telecom titan AT&T (NYSE: T).
British American Tobacco
While the tobacco industry may not seem all that exciting, a major transition is currently playing out. Volumes of traditional combustibles, like cigarettes, are in decline, particularly in the United States. However, vaping is surging in popularity. According to YouGov, vape usage among U.S. adults surged nearly 40% between 2019 and 2023.
British American Tobacco is betting that demand for newer, non-combustible products can…
