10 Best Sin Stocks to Buy Now

7. RLX Technology Inc. (NYSE:RLX)

Stock Upside Potential : 23.15%

Number of Hedge Fund Holders: 17

RLX Technology Inc. (NYSE:RLX) is one of the best sin stocks to buy now. On May 20, RLX Technology Inc. (NYSE:RLX) was a big mover after the company delivered better-than-expected first-quarter results, characterized by robust revenue growth.

Amid an aggressive international expansion drive, net revenues increased 96.2% to $229.9 million, while gross margin improved to 31.8% from 28.6% in the same quarter last year. International operations accounted for 72.3% of total revenue, with growth in the segment driven by European expansion and momentum across the Asian segment.

On the other hand, adjusted net income was up 41.4% in the quarter to $51.8 million as adjusted earnings per share came in at $0.038. The better-than-expected results came as RLX Technology Inc. (NYSE:RLX) increasingly captures emerging market opportunities. RLX Technology is also benefiting from the integration of research and development, manufacturing, and commercial operations into Nexus that is driving greater supply chain efficiencies.

RLX Technology (NYSE: RLX) is a China-based, global e-vapor (vaping) company. It designs, develops, and manufactures a variety of electronic vapor products, including rechargeable closed-system devices, open-system products, and disposable vapes.