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Yahoo
8 hours ago
- Business
- Yahoo
Philip Morris International (PM) Outperformed in 2025 as Smoke-Free Growth Accelerates
Philip Morris International Inc. (NYSE:PM) is one of the Best Dividend Stocks of 2025. A man exhaling smoke from a cigarette indicating the use of tobacco products. Philip Morris International Inc. (NYSE:PM) was always closely linked to cigarettes. However, in 2016, the company shifted its focus toward creating a smoke-free future, initiating a transformation within both its business and the broader tobacco industry. Since then, efforts have been centered on developing, scientifically validating, and responsibly marketing smoke-free products that pose less harm than traditional cigarettes, with the ultimate goal of replacing cigarettes entirely. These smoke-free alternatives do not burn tobacco or produce smoke, resulting in significantly lower levels of harmful substances. In the first quarter of 2025, Philip Morris International Inc. (NYSE:PM) reported strong performance from its smoke-free segment, which contributed 42% of total net revenues and 44% of gross profit. Shipment volumes rose by 14.4%, net revenues increased by 15% (20.4% on an organic basis), and gross profit grew by 27.7% (33.1% organically). The company's smoke-free products are now available in 95 markets, with a multicategory portfolio launched in 46 of them. In addition to this, Philip Morris International Inc. (NYSE:PM)'s dividend history is also commendable. The company has raised its payouts for 15 years straight. Currently, it pays a quarterly dividend of $1.35 per share and has a dividend yield of 2.99%, as of June 26. While we acknowledge the potential of PM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
16 hours ago
- Business
- Straits Times
US stocks end at records, completing comeback from tariff rout
Traders working on the floor of the New York Stock Exchange, in New York City, on June 27. REUTERS US stocks end at records, completing comeback from tariff rout NEW YORK - Wall Street stocks finished at fresh records on June 27 as markets cheered the latest progress in US-China trade negotiations, completing a comeback from a spring swoon due to President Donald Trump's tariffs. Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Mr Trump announced he was breaking off trade talks with Canada, rupturing a series of largely positive headlines on trade. The broad-based S&P 500 finished up 0.5 per cent at 6,173.07, while the tech-rich Nasdaq Composite Index also climbed 0.5 per cent to 20,273.46. Both represent fresh closing records. The Dow Jones Industrial Average jumped 1 per cent to 43,819.27. Stocks were solidly positive through early afternoon when Mr Trump blasted Canada's digital services tax in a social media post that called the country 'very difficult' to trade with. Mr Angelo Kourkafas, of Edward Jones, said the Canada statements highlighted the potential for further volatility with the approach of a July 9 trade negotiation deadline. 'Today's headline about Canada is another reminder that as we get closer to July 9th there are catalysts for some volatility,' Mr Kourkafas said. But Mr Tom Cahill, chief investment officer at Ventura Wealth Management, said other trade news developments in recent days had been positive, including that Washington and Beijing confirmed finalising a framework to move forward on trade. 'The news has been incrementally more positive since April on the trade front,' Mr Cahill said. The S&P 500 last hit a record in February, but began to come under pressure thereafter as Mr Trump began to sharpen his rhetoric on trade. This culminated with Trump's April 2 'Liberation Day' vow to implement steep new levies on all trading partners. Mr Trump has since suspended the most onerous elements of his trade overhaul, while still implementing the biggest US tariffs imposed in decades. That has raised concerns about inflation. The personal consumption expenditures price index climbed 2.3 per cent in May from a year ago, according to data released on June 27. This was in line with analyst expectations and a slight acceleration from April's 2.2 per cent increase. But Mr Cahill said the tariffs have thus far not resulted in significant inflationary pressures, raising hopes about Federal Reserve easing. 'Now the market is starting to anticipate a Fed rate cut in September,' said Mr Cahill, who also pointed to the boom in artificial intelligence investment as a driver of equity market momentum. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
AU Financial Review
17 hours ago
- Business
- AU Financial Review
James Hardie off to NYSE after months of anger over Azek deal
Building products group James Hardie will shift its primary listing to the New York Stock Exchange after shareholders in US outdoor decking company Azek approved a $14 billion buyout which infuriated many Australian shareholders. Azek shareholders gave the green light to the cash and scrip deal at a meeting held on Friday (Saturday AEST). Shareholders in James Hardie were denied a vote after the ASX granted the company a waiver in a controversial move months ago.
Yahoo
a day ago
- Business
- Yahoo
Circle's IPO Rally Rockets 600%, Coinbase Soars on Stablecoin Edge
June 27 - Circle Internet Group (NYSE:CRCL) resumed its upward momentum Thursday, climbing about 8% by late afternoon, after retreating 15% earlier in the week. The move follows heightened post-IPO volatility and investor reactions to regulatory uncertainty and macroeconomic signals. Circle, which debuted on June 5, has surged more than 600% since listing, making it one of the most closely watched crypto-related stocks. The company is best known as the issuer of USDC, a leading stablecoin backed by cash and short-term Treasuries. Meanwhile, Coinbase (NASDAQ:COIN), which acts as the primary distribution platform for USDC, rose more than 5% on Thursday. Coinbase benefits directly from Circle's business model, receiving 50% of the revenue generated from interest on USDC reserves and full interest income on USDC held on its own platform. Market participants are also keeping an eye on interest rate signals from the Federal Reserve. Any rate cuts could potentially reduce Circle's earnings from its interest-bearing reserves. Investors are also watching the legislative progress of the GENIUS Act, a stablecoin regulation bill that recently cleared the Senate and now moves to the House. Coinbase is on pace for a 52% monthly gain, its best since November, while Circle's IPO rally continues to attract attention. Investors appear to be repositioning based on perceived synergies between the two companies as stablecoin adoption expands. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
NYSE Content Advisory: Pre-Market update + U.S. & China agree to framework of deal
NEW YORK, June 27, 2025 /CNW/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. J.D. Durkin delivers the pre-market update on June 27th Stocks are moving fractionally higher Friday morning, with the S&P 500 on pace to set a record after finishing just shy of the mark on Thursday. Overall, the major averages each ended Thursday's session higher. President Trump told reporters yesterday that the U.S. and China agreed to the framework of a trade deal. This development comes after initial talks in Geneva in May resulted in a postponement of escalating reciprocal tariffs. Later this morning, the University of Michigan will reveal its final June reading on consumer sentiment. A preliminary reading earlier in the month showed that sentiment had risen by 16% since May. Opening BellCOtwo Advisors celebrates the launch of CTWO, the first ETP providing physical exposure to the European Union Emissions Trading System Closing BellNew York Life Investments recognize IWLG & IWFG for delivering top quartile performance since inception Click here to download the NYSE TV App
