PHILIP MORRIS INTERNATIONAL (NYSE:PM) shows strong technical momentum with a perfect 10/10 rating and a high-quality breakout setup. A move above $185.43 could signal further upside.
Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions hit the tape. That’s precisely what Philip Morris and Sterling Infrastructure have enjoyed.
Philip Morris delivered results ahead of Wall Street’s expectations in Q1, driven primarily by strong momentum in its smoke-free product portfolio. Management credited the rapid growth of ZYN nicotine pouches and continued expansion of IQOS heated tobacco units as key contributors, with shipment volumes up significantly year over year. The company also benefited from improved manufacturing productivity and favorable shipment timing. CFO Emmanuel Babeau noted, “Our smoke-free business now accounts for 44% of total gross profit, as we continue to deploy our multi-category strategy across markets and broaden our growth opportunities.”
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This strength often reflects positive developments such as new product launches, favorable industry trends, or improved financial performance.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Philip Morris (NYSE:PM) and the best and worst performers in the beverages, alcohol, and tobacco industry.
In a sliding market, Philip Morris has defied the odds, trading up to $173.20 per share. Its 33.2% gain since November 2024 has outpaced the S&P 500’s 2.1% drop. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
