Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heated tobacco product.

Philip Morris International manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. PMI has invested more than $10 billion to develop and commercialize smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. PM's smoke-free products are available for sale in more than 90 markets. Philip Morris International was spun off from Altria in 2008. The company has approximately 83,000 employees. The shares are a component of the S&P 500.

Stocks are mixed at midday. Maybe the calm before the storm. This is a big week for earnings with four of the Mag7 reporting. The economic calendar is jam-packed with key data coming on jobs, inflation, and GDP. The yield on the 10-year Treasury note is 4.23%. Oil is down 1.7% at $62 per barrel. Gold is up 1%.

Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heated tobacco product.