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Why tobacco stocks’ downturn is likely to go up in smoke

So have we really turned a corner, where tobacco companies will no longer generate the gargantuan long-term returns they’ve been known for? I don’t think so, which is why I bought Altria – a sister company to Philip Morris – on the dip. My refusal to b
Globe and Mail (ca)
added Apr 20, 2018 17:39
6 Views

Philip Morris International Inc.: An Industry Goes Up in Smoke

Philip Morris fell 15% and took the whole tobacco sector down with it.
InvestorPlace.com
added Apr 20, 2018 17:33
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Zacks Investment Ideas feature highlights: Phillip Morris International, Altria and British American Tobacco

Other industry players are falling today as well on the news as investors ruminate on an uncertain future for tobacco. U.S. Marlboro producer Altria is down over 7% and British American Tobacco - owner of R.J Reynolds - is down almost 6%. Philip Morris
NASDAQ
added Apr 20, 2018 17:32
4 Views

[UK] Tobacco pair suffer after smoke clears from rival

London’s two big tobacco groups were left wheezing after Philip Morris of the US reported a lower than expected increase in first-quarter revenues and its chief executive expressed caution about sales in Russia, the Gulf and Japan. Shares in British Ame
Times Of London (uk)
added Apr 20, 2018 17:31
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[Japan] Philip Morris's Next Challenge: Get Grandpa Stoked to Vape

iQos, is big in Japan, with a 16 percent share of the country’s tobacco market. But 40 percent of Japanese adult smokers are age 50 and older, and they’ve been more leisurely about changing habits. Sales growth slowed in the first quarter and company rev
Bloomberg News
added Apr 20, 2018 17:30
6 Views

The maker of Marlboros desperately wants older Japanese smokers to start vaping

According to the company’s most recent earnings report, the plan is not going swimmingly. Shipments of heated tobacco products—devices that release flavors and nicotine without combustion—have dragged since December. And shipments of cigarettes are down
Quartz
added Apr 20, 2018 17:29
9 Views

There's a new vape pen taking over America — and it has Wall Street worried about tobacco stocks

Citigroup analysts warned investors that the device's sales could have a negative effect on tobacco stocks such as Altria and British American Tobacco. But the Juul isn't just popular among adults, and scientists say its potential health effects are conce
Business Insider
added Apr 20, 2018 17:09
14 Views

Philip Morris International's (PM) management on Q1 2018 Results - Earnings Call Transcript

So we're really pleased with what is going, we're very optimistic about IQOS growth across the world by the way not just EU but it's in many other places as well. We're seeing terrific results in quite a few markets. So the plan is working and the move to
Seeking Alpha blog network
added Apr 19, 2018 23:59
8 Views

Apple, Philip Morris, chips lead slide on Wall Street

The S&P consumer staples sector .SPLRCS declined 3.5 percent as Philip Morris plunged 16.5 percent after the tobacco company’s weak results and forecast. Philip Morris was the biggest drag on the S&P 500 and also dragged rival Altria (MO.N) down 7.8 per
Reuters
added Apr 19, 2018 23:57
5 Views

Philip Morris loses 16% in value in worst day since 2008

Investors soured on the stock despite a guidance boost after Philip Morris said shipments of heated tobacco units, which the company has been betting on for growth, more than doubled from a year ago but were down from the December quarter, while cigarett
Financial Times (uk)
added Apr 19, 2018 23:32
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