Philip Morris (PM) Offering Possible 21.65% Return Over the Next 13 Calendar Days

Philip Morris's most recent trend suggests a bearish bias. One trading opportunity on Philip Morris is a Bear Call Spread using a strike $89.00 short call and a strike $94.00 long call offers a potential 21.65% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $89.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $94.00 long call strike price.

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

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

The RSI indicator is at 24.36 level which suggests that the stock is neither overbought nor oversold at this time.

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 CEO does not need M&A to hit smoke free goals
Thu, 02 Dec 2021 16:10:37 +0000
Philip Morris will reach its target of 50% sales from smoke-free products by 2025 through organic revenue growth rather than mergers and acquisitions, its CEO told Reuters. The maker of Marlboro cigarettes has spent more than $8 billion on reduced risk products since it began developing them a decade ago, Chief Executive Jacek Olczak said in an interview during the Reuters Next conference. About 30% of revenue at Philip Morris now comes from “smoke-free” products such as iQOS tobacco heating devices, Olczak added on Thursday.

Philip Morris (PM) Cuts 2021 Earnings View on Currency Impacts
Thu, 02 Dec 2021 14:46:02 +0000
Philip Morris (PM) trims its 2021 adjusted earnings forecast to reflect volatility in currency rates. It expects higher currency impacts in 2021 than mentioned earlier.

The Dollar Has Charged Ahead. It’s Another Problem for Stocks.
Thu, 02 Dec 2021 13:11:00 +0000
So far this year, the U.S. Dollar Index has risen 6.8%, but stocks often move inversely to the greenback.

Philip Morris Adjusts 2021 Profit View On Currency Exchange Impact
Wed, 01 Dec 2021 14:25:00 +0000
The U.S. tobacco company sees “strong momentum” in heated-tobacco sticks business, despite the semiconductor supply shortage.

Philip Morris tweaks 2021 profit view on currency exchange impact
Wed, 01 Dec 2021 11:58:02 +0000
Philip Morris International said Wednesday it expects 2021 earnings of $5.74 a share to $5.79 a share, including the impact of foreign currency exchange. The cigarette maker expects adjusted profit of $5.98 to $6.03 a share. Analysts expect the company to earn $6.08 a share, according to a FactSet survey. “We remain on-track to deliver an excellent performance in 2021, with a full-year EPS forecast that continues to represent currency-neutral adjusted diluted EPS growth of 13% to 14%,” said CEO

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