Use access key #2 to skip to page content.

JimVanMeerten (57.13)

Philip Morris makes the best of overseas markets



February 24, 2011 – Comments (0) | RELATED TICKERS: PM

Philip Morris International (PM) showsx growth in the foreign markets and was added to the Barchart Van Meerten New highs portfolio for very positive price momentum.

Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.

Technical Factors:

1 - 100% Barchart technical buy signal

2 - 15 new highs and up 9.88% in the last month

3 - Relative strength Index is 82.79% and climbing

4 - Trades around 62.51 with a 50 day moving average of 58.44

Fundamental Factors:

1 - Wall Street brokerage analysts have written 12 buy and 4 hold recommendations to clients

2 - Sales expected to increase by 6.20% this year and 4.40% next year

3 - Earnings are projected to increase by 14.20% this year, 10.90% next year and 9.53% annually for the next 5 years

4 - While waiting for price appreciation you get a 4.00% dividend

Investor Sentiment:

1 - Motley Fool Caps members vote 2344 to 48 that the stock will beat the market

2 - All Stars agree by a 731 to 7 vote

3 - Fool notes that the last 18 articles by Wall Street columnists have all been positive

Jim Van Meerten is a portfolio advisor to Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs  in his daily blog -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management  you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

0 Comments – Post Your Own

Featured Broker Partners