Tobacco stocks put in some gains

|By:, SA News Editor

Tobacco stocks brush aside news that the FDA is moving closer to regulating the e-cigarette industry.

Lorillard (LO +1.1%), Altria (MO +0.6%), Reynolds American (RAI +1.5%), Vector (VGR +1.1%), and Philip Morris (PM +0.6%) are all in positive territory for the day.

The early read on the action by the FDA is that it may favor the larger players in the e-cig industry as the barriers to entry become more rigid.