Philip Morris (PM) Offering Possible 33.33% Return Over the Next 28 Calendar Days

view original post

Philip Morris’s most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $102.00 short put and a strike $97.00 long put offers a potential 33.33% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $102.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $97.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Philip Morris is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Philip Morris is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Philip Morris

Philip Morris tops Q1 estimates despite disruption to business in Ukraine and Russia
Thu, 21 Apr 2022 11:23:12 +0000
Philip Morris International Inc. shares rose 1% premarket Thursday, after the distributor of Marlboro cigarettes and tobacco products beat estimates for the first quarter, despite the loss of business in Ukraine and Russia. The company posted net income of $2.331 billion, or $1.50 a share, for the quarter, down from $2.418 billion, or $1.55 a share, in the year-earlier period. Adjusted per-share earnings came to $1.56, ahead of the $1.49 FactSet consensus. Revenue rose 2.1% to $7.746 billion fro

Philip Morris International Inc. (PMI) Reports 2022 First-Quarter Results
Thu, 21 Apr 2022 10:59:00 +0000
NEW YORK, April 21, 2022–Regulatory News: Philip Morris International Inc. (NYSE: PM) today announces its 2022 first-quarter results. Growth rates presented in this press release on an organic basis reflect currency-neutral adjusted results, excluding acquisitions. Given the uncertainty and volatility regarding the company’s operations in Russia and Ukraine, PMI is also providing figures and comparisons on a pro forma basis, which exclude the company’s operations in these two markets for all pe

3 Top Dividend Stocks to Buy Now
Wed, 20 Apr 2022 15:45:00 +0000
There might come a time when smoking-cessation campaigns finally make it impossible for tobacco giant Philip Morris International (NYSE: PM) to fund its dividend. While an ever-shrinking proportion of the planet’s population is still smoking, numbers from the medical journal The Lancet indicate population growth is facilitating a growing — not shrinking — number of smokers worldwide. Philip Morris is a truly international outfit, selling tobacco-based products in more than 175 different markets other than the United States (where tobacco use is successfully being curbed).

What’s in the Offing for Philip Morris (PM) in Q1 Earnings?
Tue, 19 Apr 2022 12:31:12 +0000
Philip Morris’ (PM) first-quarter 2022 results are likely to reflect certain hurdles related to the pandemic, such as soft duty-free sales in Asia. However, strong pricing has been an upside.

Analysts Estimate Philip Morris (PM) to Report a Decline in Earnings: What to Look Out for
Thu, 14 Apr 2022 19:00:07 +0000
Philip Morris (PM) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Related Posts