Wall Street inhaling tobacco stocks

New Yorkers who want to spend money on tobacco products might consider buying stocks instead of smokes.

An investor who bought stock in tobacco giant Reynolds American last year — priced at a little over 4 packs of smokes per share — would have already generated a 39 percent return.

Reynolds, the maker of Camel, Pall Mall, Kool, Winston and Salem cigarette brands, is still a top pick with Wall Street analysts this year because of strong revenue and profit growth.

Marlboro maker Altria is also landing on some recommended buy lists, thanks to its dividend and forays into the $3 billion electronic cigarette market.

"Stars [are] aligned for the US tobacco sector," wrote Wells Fargo's Bonnie Herzog in a new report on the $100 billion industry.

Still, the best investment may come from quitting the habit and the industry altogether, according to a study released on Thursday.

The average New York state nicotine addict is sending $1.5 million up in smoke.

It only makes sense that in the state with America's most expensive city — where everything from the roof over your head to the food on your plate costs more than it would elsewhere — the guilty pleasure of a cigarette is higher, too.

In fact, costs for tobacco, health care and lost income related to smoking are so high that New York smokers torch a $2 million hole in their savings during the course of a lifetime of lighting up.

Cigarettes are more expensive here than in any other state except Alaska, according to a new survey by Wallethub.com.

"It's getting very expensive to be a smoker in New York, and harder, too, with all the laws in effect," said a spokeswoman for WalletHub.

More limits are likely for smokers nationwide as the FDA gets set to weigh in on the health benefits of raising the legal age for buying cigarettes to 21 from 18 — already a growing trend in cities from New York to California.

Smoking kills an estimated 443,000 people a year, and harms millions more. Aware of the health risks, Gov. Cuomo and other lawmakers are cracking down on e-cigarettes, which have become tobacco sellers' newest growth engine.

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