From Nasdaq: 2024-11-07 11:07:00

Billionaire Stan Druckenmiller, known for predicting the Nvidia bull run, has now invested in Philip Morris International. This move diversifies his portfolio, with the tobacco giant making up over 3% of his holdings. Druckenmiller sees strong revenue growth and dividends in the company.

Philip Morris International has shifted focus to healthier nicotine products like IQOS and Zyn. These alternatives to cigarettes have seen significant growth, with smoke-free products accounting for 38% of total revenue. The company’s pricing power and population tailwinds are driving its success in a changing market.

Despite recent stock gains, Philip Morris International still presents a buying opportunity. With a forward P/E ratio of 20 and a 4% dividend yield, the company’s growth potential remains strong. Revenue growth, driven by price increases and expanding smoke-free products, signals a promising future for investors.

Investors are encouraged not to miss out on potential opportunities like Philip Morris International. The “Double Down” stock recommendation from analysts highlights companies poised for growth. Past successes with Amazon, Apple, and Netflix show the potential for significant returns with strategic investments. Now may be the ideal time to capitalize on emerging market trends.



Read more at Nasdaq: 1 Magnificent Stock Billionaire Stan Druckenmiller Is Adding to His Portfolio