Philip Morris, Exxon Mobil & Co.: Ethically incorrect and cheap

Dusseldorf Whether Philip Morris, Exxon Mobil or Lockheed Martin: stocks from these three sectors of tobacco, oil and armaments have one thing in common: Measured by their market dominance, the sales generated and above all profits and returns, their intrinsic value and their share prices, the stocks are cheap to have. You seem undervalued.

However, the stocks from such sectors are by no means overlooked by the financial world, and many investors deliberately avoid them. Above all, pension and investment funds worth billions, as well as state-managed pension funds, are reluctant to make purchases.

For the simple reason that more and more customers no longer want such papers in their portfolios due to the ethically incorrect business models. For companies in the oil and coal sectors, the risk is also factored in that the business model cannot be continued due to ever stricter climate protection laws.