CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Philip Morris International is a global company specializing in cigarette and tobacco production. The company operates in four segments, including tobacco farming, making cigarettes, making heated tobacco products (HEETS) and industry value chain. Supplying its products to customers across 180 countries, Philip Morris is famous for its best-selling Marlboro brand. Operating its cigarette production through 48 production facilities in 32 different countries, the company makes over 800 billion cigarettes per year. Listed on the NYSE, Philip Morris is included in the S&P 100 and the S&P 500 components.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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