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Stock Market & Financial Investment News

News Breaks
March 4, 2014
06:17 EDTPMPhilip Morris plans hybrid cigarette, WSJ reports
Philip Morris International's new “reduced risk product” is a hybrid, a black, cigarette-shaped tube with a battery and electronics. On one end is a miniature cigarette, a couple of inches long, paper filled with real tobacco. If it's successful, they'll be available in test markets later this year, reports the Wall Street Journal. These bets are worth watching in the tobacco industry, whose core product is in long-term decline.Reference Link
News For PM From The Last 14 Days
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July 17, 2014
07:07 EDTPMPhilip Morris reports Q2 cigarette shipment volume down 2.7% to 222.8B units
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07:04 EDTPMPhilip Morris says FY14 adjusted EPS growth could be at low end of 6%-8% range
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07:02 EDTPMPhilip Morris backs FY14 reported EPS view $4.87-$4.97
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07:00 EDTPMPhilip Morris reports Q2 adjusted EPS $1.41, consensus $1.24
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July 16, 2014
15:27 EDTPMNotable companies reporting before tomorrow's open
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08:20 EDTPMCigarette makers focus on heavy users, seek growth from e-cigs, WSJ says
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06:38 EDTPME-cigarettes being sold in many flavors, NY Times says
Tobacco companies are offering e-cigarettes with hundreds of different flavors, such as banana cream pie and cotton candy, according to The New York Times. The FDA has banned most flavors in regular cigarettes, and the agency is studying the marketing and flavors of e-cigarettes, the newspaper noted. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link

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