2 Stocks That Can't Be Disrupted
The rise of technology over the years rapidly speeds up the rate of innovation. From automobiles to logistics, biotech to healthcare, commerce to renewable energy, almost every industry in the world eventually gets disrupted, and legacy companies that can't keep up get replaced. But there are two steady businesses that seem to be immune to change.
If you're looking for durability, Altria Group (NYSE: MO) fits the mold. Altria was officially spun off in 2008 from Philip Morris, a company that traces its roots all the way back to 1847. Since that time, unsurprisingly, the business has undergone several mergers and changes, but the overwhelming driver has always been tobacco products.
Altria's most popular cigarette brand, Marlboro, has maintained a leading market position over the years, with more than 40% market share in the cigarette industry. While Altria isn't the only tobacco manufacturer in the world, competition is pretty slim. It's hard enough to scale and grow a global manufacturing and distribution business, but with significant regulatory hurdles, it's even tougher.
Source Fool.com
