As of Aug 23, 2024, two stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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Philip Morris (PM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Philip Morris has raised dividends annually since becoming a public company. The dividend yield is more than triple the S&P 500.
Philip Morris International has moved aggressively to deal with the ongoing decline in demand for cigarettes. The company serves a diverse group of foreign markets and has been moving into the U.S. market with non-cigarette nicotine products.
Philip Morris International has a dividend yield of 4.5%. With a stable tobacco business and new nicotine products, its dividend should grow in the coming years.
Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Look at ETFs with exposure to Philip Morris, as the tobacco giant reports second-quarter earnings.
Philip Morris International beat Q2 earnings estimates, driven by growth in smoke-free products like IQOS and ZYN. The company's strong performance led to a 9.6% net revenue growth rate and a 12.5% operating income increase year over year. Philip Morris also raised its EPS growth outlook for FY 2024.
Philip Morris (PM) possesses solid growth attributes, which could help it handily outperform the market.
Philip Morris International is up 20% year to date on continued strong growth. It has stable cigarette volumes and a fast-growing smoke-free products business.
Philip Morris stock is up due to strong volume gains at its new nicotine pouch business and healthy profit growth. The company has a stable international cigarette business.