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As recession fears for 2026 grow, investors are rotating into defensive consumer-staple stocks like Turning Point Brands, which has gained 87.3% over the past year.
The U.S. smokeless tobacco market is projected to grow from $4.02 billion in 2024 to $5.3 billion by 2033, expanding at a 3.12% CAGR as consumers shift to smoke-free alternatives.