Philip Morris International (PM) is predicted to continue its significant outperformance in the next year, given its recent Q3 earnings outlook and the anticipation surrounding its earnings appointment to be announced on Tuesday. Factors such as Net Worth Advisory Group's $795,000 investment, an increase in nicotine pouch sales by 50.6% driven by Zyn, and a 3.8% increase in dividends are expected to contribute to PM's growth. Moreover, the risky venture of PM into Can Map reveals the firm's innovative spirit. The contribution of PM in creating 500 jobs by investing $600 million in a Colorado manufacturing facility, coupled with the confidence of Billionaire Stan Druckenmiller and Reddit bulls alike, adds to the solid outlook of PM. Noted Hedge fund, Wedge Capital Management sold off their shares in PM, possibly aligning with Jim Cramer's apprehension towards tobacco stocks. Sequential dividend hikes and strong Q3 results generally call for a bullish view; however, the potential hurdle that PM could face in allocating capital should be noted. PM offers an interesting investment opportunity considering its strong performance against other consumer staples stocks both in the present and over the past five years. Despite some industry backlash and a recent sale of its subsidiary, Vectura, there seems to be an overall expectation for PM to gain momentum, which is reflected in its strong, well-received Q2 results and raised outlook.
Philip Morris International PM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 20:53:17 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -4
