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Luzerne County is one of many counties in Pennsylvania — and across the country — that shifted to the right this year. Kevin Kraynak, a Luzerne County native, traveled from his home in California to try to get out the vote. Luzerne County became a hotbed of election denialism in 2020, and Pennsylvania is an open-carry state. Just over 152,000 total ballots were cast in Luzerne County — about the same as in 2020. In only one other Pennsylvania county were Trump’s gains greater.
Persons: Biden’s, Donald Trump, Dwayne McDavitt, Trump, Joe Biden, busloads, Democratic canvassers, Kevin Kraynak, “ I’m, , Jennifer Ziemba, “ We’re, MAGA, Philip Montgomery, ” Ziemba, “ I’d, Lee Ann McDermott, John, ” Constance Wynn, Wilkes, Wynn’s, Kim Pace, Harris, , Dave Ragan, ” Pace, John McDermott, Lee Ann, McDermott, Hillary Clinton, “ He’s, ” Lee Ann, Jennifer Ziemba’s, Shelley Meuser, Dan Meuser, Terry Eckert, Adaíris Casado, , ” Fredelina Paredes, Paredes, didn’t, Elizabeth Torrez, Torrez, Wadan Fernandez, Mr, ” Fernandez, ” Philip Montgomery Organizations: Trump, Amazon, Maxx, Democratic, Luzerne County Republican Party, Republican, The New York Times, , Electoral, Luzerne County —, The New York, U.S . Army, Army Reserve, Iglesia, Hazleton Locations: Luzerne, Pennsylvania, Luzerne County, Wilkes, Barre, Scranton, Lackawanna County, California, Fort, Harveys Lake, state’s, Plains Township, Hazleton, Dominican Republic, United States
Sundheim's D1 Capital added positions in GE Healthcare Technologies and Bank of America during the third quarter, a filing Thursday showed. Outside of those new positions and buying more shares of XPO Logistics , D1 Capital was mostly selling its top holdings. The hedge fund sold 22% of its biggest holding, Instacart , and 46% of its stake in cigarette maker Philip Morris . D1 Capital managed about $19 billion as of the end of last year. The extent of other holdings for D1 Capital is unclear.
Persons: Daniel Sundheim, Philip Morris Organizations: Sundheim's, GE Healthcare Technologies, Bank of America, XPO Logistics, D1, GE Vernova, Pfizer, Nu Holdings, Starbucks, Viking Global, D1 Capital Locations: Instacart
Philip Morris shares have more room to run as the Marlboro maker continues to shift its focus from cigarettes to smoke-free products, according to Goldman Sachs. Herzog also reiterated her buy rating and called Philip Morris a top pick heading into 2025. Philip Morris announced earlier this year that it would invest $600 million to build a new Zyn production facility in Colorado. PM YTD mountain PM, year to date Herzog also said Philip Morris shares will benefit from the domestic debut of heated tobacco product Iluma. Philip Morris shares have jumped more than 33% in 2024.
Persons: Philip Morris, Goldman Sachs, Bonnie Herzog, Herzog, Philip Locations: Marlboro, Tuesday's, U.S, Colorado
Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.
Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, , It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX
These trends — fueled by China Tobacco — come against the backdrop of a long-term decline in cigarette sales globally. While Beijing has made commitments to curb smoking prevalence, it hasn't appeared to have materially impacted tobacco sales. In the case of China Tobacco, industry and government policy directly overlap. "China Tobacco has been exploiting this insider status and wielding its influence within the government to effectively block the adoption of tobacco control policies," he added. China Tobacco and its Hong Kong-based subsidiary China Tobacco International (HK) did not respond to an inquiry from CNBC.
Persons: Euromonitor, hasn't, Philip Morris, Gan Quan, Quan, STMA, Judith Mackay Organizations: Getty, China National Tobacco Corporation, China Tobacco, Retail, World Health Organization, State Tobacco Monopoly Administration, Philip Morris International, World, Tobacco Control, CNBC, Vital, Tobacco, Bath University, Asian Consultancy, China Tobacco International, HK, Global Locations: Shanghai, China, Euromonitor, Beijing, Hong Kong
A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Tech stocks buoyed the market on Friday ahead of their looming earnings reports, lifting the Nasdaq Composite to a record high.
Persons: Philip Morris, ServiceNow, Phillip Colmar, Colmar Organizations: CNBC, MRB Partners, Tech, Nasdaq, Dow Jones Locations: Colmar
In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City. Philip Morris expects Zyn shipments to match demand "at some point" during the fourth quarter, Babeau said. Philip Morris also noted Zyn as main driver of net revenue for the business as a whole. Philip Morris announced earlier this year that it would invest $600 million to build a new production facility for Zyn in Colorado. Shares of Philip Morris have climbed more than 37% in 2024.
Persons: Philip Morris, Babeau, FactSet, Zyn Organizations: Swedish Match Locations: New York City, Connecticut, U.S, America, Zyn, Greece, Czech Republic, Colorado
Philip Morris CEO weighs in on Q3 results
  + stars: | 2024-10-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilip Morris CEO weighs in on Q3 resultsJacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.
Persons: Philip Morris, Jacek Olczak, what's
General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.
Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, , Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern
Watch CNBC's full interview with Philip Morris CEO Jacek Olczak
  + stars: | 2024-10-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Philip Morris CEO Jacek OlczakJacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.
Persons: Philip Morris, Jacek Olczak Jacek Olczak, what's
Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.
Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City
Tobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S. Food and Drug Administration announced Thursday. Female students reported the biggest decline in use across the board, and Hispanic students also reported a drop in use of any tobacco product. Evidence-based strategies, including price increases, media campaigns and smoke-free policies, are likely part of what caused tobacco product use to drop, according to the agencies. E-cigarettes continue to be the most used among students who reported tobacco product use, at 5.9%, but nicotine pouches are now the second-most commonly used tobacco product, at 1.8%, followed by cigarettes at 1.4%. Zyn was the most-popular nicotine pouch brand, at 68.7%, compared with the next most-popular brand On at 14.2%.
Persons: We're, Brian King, Deirdre Lawrence Kittner, Zyn, Philip Morris Organizations: Centers for Disease Control, U.S . Food, Drug Administration, CDC, FDA, National Youth Tobacco Survey, FDA's Center for Tobacco Products, Philip, Philip Morris International Locations: New York City, U.S, Colorado
Changes you can make during open enrollmentDuring Medicare open enrollment, retirees may select new health plans and prescription drug plans. They may switch from original Medicare, which is provided by the federal government, to Medicare Advantage plans that are privately managed. They may also switch from Medicare Advantage to Medicare original or change Medicare Advantage plans. Original Medicare includes Medicare Parts A and B. Medicare Part A covers care provided by hospitals, skilled nursing facilities and hospice, as well as some home health care. Retirees also should be on the lookout for changing Medicare Advantage coverage, Moeller said.
Persons: Tricia Neuman, Ryan Ramsey, Philip Moeller, Moeller, Harris, KFF's Neuman, Neuman Organizations: Getty, Medicare, National Council, Aging, Biden Locations: Connecticut, Maine, Massachusetts, New York
Graffiti on the mansions is similar to tags on other empty luxury properties in Los Angeles. The incidents recall a landmark case that granted street artists $6.75 million after their art was destroyed. AdvertisementSpray-painted tags similar to those on Los Angeles' iconic graffiti towers have appeared in another unlikely place in the City of Angels. The Los Angeles Times reported that the property owner has pledged to secure the mansions, clean the graffiti, and reimburse the city for any incurred costs. The artists ultimately won $6.75 million after their work was destroyed in a ruling affirmed by the US Appeals Court, The New York Times reported in 2020.
Persons: , David McNew, John Powers Middleton, Bates, Middleton, it's, John S, Philip Morris, John P, Los Angeles Mayor Karen Bass, Andrew Lieb, Lieb, " Lieb, Mario Tama Organizations: Service, City of Angels, Hollywood, Los Angeles Times, LA Times, Philadelphia Phillies, CNBC, Phillies, Los Angeles Mayor, Business, Bel Air, NBC, Visual Artists, US, Court, The New York Times, Los Angeles Lakers, Bloomberg Locations: Los Angeles, City, Altria, Bel, NBC Los Angeles, New York, Angeles
Elon Musk set out SpaceX's timeline for getting humanity to Mars this week. He said SpaceX plans to send five Starship rockets to Mars in 2026, with crewed missions following two to four years later. AdvertisementElon Musk has set out his latest timeline for getting humans to Mars, and experts say it's a classic SpaceX move. The SpaceX founder said in a recent post on X that the company plans to launch around five uncrewed Starship rockets to Mars in 2026. AdvertisementSpaceX is planning to launch five uncrewed Starship rockets to Mars in the first window in 2026, according to Musk.
Persons: Elon Musk, , Musk, Philip Metzger, Metzger, Peter Hague, Hague, Matthew Weinzierl Organizations: SpaceX, Service, NASA, Planetary Science, University of Central, Federal Aviation Administration, FAA, Harvard Business School Locations: Mexico, University of Central Florida, Mars
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. Shopify — The e-commerce stock advanced nearly 2% after receiving an upgrade to buy from neutral at Redburn Atlantic. AppLovin — The mobile software stock advanced about 6% following a UBS upgrade to buy from neutral. Gannett — Shares soared 16% after Citi upgraded the newspaper stock to a neutral rating from sell. GE Vernova — The energy stock rallied nearly 4% after Bank of America upgraded the stock to buy from neutral.
Persons: Marie Myers, Biden, Shopify, FanDuel, Michael McGovern, Andrew Obin, Philip Morris, — CNBC's Sean Conlon, Yun Li, Sarah Min, Samantha Subin Organizations: Hewlett Packard Enterprise, Bank of America, Microsoft, Intel, UBS, Gannett —, Citi, Gannett, GE, Vectura Group, Molex Asia Holdings, Vectura, Accenture —, Bloomberg Locations: U.S
Read previewA former NATO commander said that Ukraine's successful incursion into Russia's Kursk region shows what it can do without relying much on Western advice. It had taken and held 500 square miles of Russian territory as of last week, according to Ukraine's army chief. Gen. Philip M. Breedlove, a former NATO Supreme Allied Commander Europe, told the Kyiv Post that he viewed Ukraine's operation as a success. A local volunteer looks at a building damaged by Ukrainian strikes in Kursk on August 16, 2024, following Ukraine's offensive into Russia's western Kursk region. But many allies, the US among them, still forbid Ukraine from using long-range weapons within Russia, limits Ukraine's ability to hit the highest-value targets there.
Persons: , Philip M, Vladimir Putin, TATYANA MAKEYEVA, Breedlove, Putin, George Barros Organizations: Service, Business, NATO, Allied, Kyiv Post, Getty, US Air Force, Ukraine, Institute for Locations: NATO, Russia's Kursk, Russia, Kyiv, Ukraine, Kursk, AFP, Sudzha, Ukrainian
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Boeing has long-term staying powder, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Boeing, Freeport-McMoRan, Delta, Nvidia, and Philip Morris.
Persons: Jim Cramer, Philip Morris Organizations: Boeing, Nvidia Locations: Freeport, McMoRan
Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. West Papua Liberation Army spokesperson Sebby Sambom told The Associated Press that he had not received any reports from fighters on the ground about the killing. NZ Pilot Philip Mehrtens flanked by members of the West Papua National Liberation Army. Planning to use the pilot to negotiate, Kogoya has said they won’t release Mehrtens unless Indonesia frees Papua as a sovereign country. Flying is the only practical way of accessing many areas in the mountainous easternmost provinces of Papua and West Papua.
Persons: Indonesia — Gunmen, Glen Malcolm, Faizal Ramadhani, , Sebby Sambom, ” Sambom, , Philip Mehrtens, Egianus, Philip Mark Mehrtens, Kogoya, Graeme Thomas Wall, Wall Organizations: Indonesia —, Zealand, Indonesian, PT, Angkasa Air Service, West Papua Liberation Army, Free Papua Movement, National Police, Associated Press, New Zealand, NZ, West Papua National Liberation Army, West, Susi, PT Freeport Indonesia Locations: Jayapura, Indonesia, Indonesia’s restive Papua, Alama, Mimika district, Central Papua, Papua, West, Jakarta, Dutch, New Guinea, West Papua, Christchurch, Indonesian, New Zealand, Ngaruawahia
This week's market sell-off has pushed several stocks into oversold territory — potentially setting these names for a rebound in the future. Troubled cybersecurity stock CrowdStrike is the most oversold stock on the list with an RSI of just 13.6. Some of this week's most overbought companies include defense giant Lockheed Martin , tobacco company Philip Morris International and FirstEnergy . Of the names on the list, Lockheed Martin has the highest 14-day RSI reading of 93.7. LMT YTD mountain Lockheed Martin in 2024
Persons: Goldman Sachs, LULU, Lockheed Martin, Philip Morris Organizations: Nasdaq, Dow Jones, CNBC, Moderna, U.S, Street, Lockheed, Philip Morris International, Bank of America Locations: LSEG, Thursday's
Goldman Sachs adds 4 new stocks to its conviction buy list
  + stars: | 2024-08-01 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Goldman Sachs added four new stocks to its conviction list going into August for equity investors looking to capitalize on the bull market. Dollar General , Philip Morris International , S & P Global and Woodward were the newest addition to the Wall Street firm's coveted stock list. For Dollar General, Goldman analysts believe the worries around low income consumer discretionary spend and competition are overdone. Meanwhile, Goldman said the market is underappreciating the growth opportunity for Philip Morris as the company innovates around its smoke-free alternatives to cigarettes. Both S & P Global and Woodward have recorded solid gains so far this year, rising 11% and nearly 17%, respectively.
Persons: Goldman Sachs, Goldman's, Philip Morris, Woodward, Goldman Organizations: Dollar, Philip Morris International, P Global, Royal Caribbean Cruises, Ally Financial, Citigroup, Amazon, Nvidia
While it’s ultimately owned by tobacco giant Philip Morris International, Zyn is a tobacco-free product. Unlike traditional chewing tobacco, you don’t have to chew the pouches or spit the build-up of tobacco juice. ‘Zynfluencers’Zyn users like Danny Whalen, 26, switched to nicotine pouches last year after 10 years of chewing tobacco. (Philip Morris International told CNN it only advertises at events with an adult audience of over 85%.) Philip Morris International, which split from Phillip Morris USA, does not sell cigarettes in the United States.
Persons: Philip Morris, Bing Guan, Zyn, Phillip Morris, ” — Phillip Morris, Danny Whalen, Whalen, doesn’t, ” Whalen, , , Tucker Carlson, Joe Rogan, Logan Paul, “ ZYN, “ Zyn, , Pamela Ling, ” Phillip Morris, Ling, ” Ling Organizations: New, New York CNN, it’s, Philip Morris International, Bloomberg, Getty, Phillip Morris International, ” — Phillip Morris International, Rutgers Institute, Tobacco Studies, Rutgers, Boys, Spotify, CNN, Facebook, ESPN, Beale, Music, Pickleball, Center for Tobacco Control Research, Education, University of California San, ” Phillip Morris International, National Cancer Institute, Phillip Morris USA Locations: New York, United States, Aurora , Colorado, TikTok, University of California San Francisco
Breaking Into the Olympics Breaking, sport climbing and skateboarding may seem untraditional, but they embody the true spirit of the games. >> Top: Sunny Choi, who will compete in breaking, quit her corporate job to focus on the Games. Bottom: Victor Montalvo’s signature breaking moves include the back flip into flare and the Super Montalvo. Here in 2024, the Games have added multiple new events, including breaking — popularly known as break dancing — and kayak cross. >> Sport climbing is broken into three formats: speed; bouldering (shorter climbs); and lead, which requires ropes and harnesses.
Persons: you’re, Kronos, Sunny Choi, Victor Montalvo’s, Super Montalvo, , , Stephen Miller, Kroton, Colin Duffy, let’s, Paige Heyn Organizations: Olympic, Super, Wrestling, Boxing Locations: England, North America, Madagascar, Greece, , Athens
A subsequent pullback saw the price bounce off that breakout level, which also lined up with the 50-day moving average. This is a sector full of low-volatility, high yielding stocks that have often provided downside protection in down market phases. ES just broke to a new three-month high this week, and the stock features a dividend yield around 4.5%. When the broad market averages take a bearish turn, equity investors are often best served by getting defensive. These three stocks feature improving technical profiles, along with dividend yields well above the average for the S & P 500.
Persons: Philip Morris, BTI, Eversource, we've, David Keller Organizations: American Tobacco PLC, Eversource Energy, Eversource, Nasdaq, CMT, CNBC, NBC UNIVERSAL Locations: U.S, British American
Over on Wall Street, the shortage — dubbed the "Zynpocalypse" — has not always been easy, according to finance-industry workers who spoke to BI about their love of Zyn. The sidewalk kiosk sells everything from gum to magazines to the latest New York City tabloid newspapers and is frequented by Wall Street workers, he said. Mark MoranAs Business Insider reported in January, the product has been hot across Wall Street, with sell-side traders ordering it in bulk, so it's always around. Alex NicollMoran quit Wall Street in 2021 and currently runs investor relations firm Equity Animal. "Some of these kids are just doing it because it's become a staple of Wall Street," Moran said of junior bankers in their early 20s.
Persons: , Philip Morris, Emmanuel Babeau, Phillip Morris, I'm, Morgan Stanley, Nihal, Zyn, Alex Nicoll, Mark Moran, it's, Moran, Lazard, Alex Nicoll Moran, I'd Organizations: Service, Phillip Morris International, Wall Street, Business, BI, Barclays, Sixth, Velo, Lazard, North America, Washington, Equity Locations: Manhattan, New York City, Washington ,, Kentucky, Colorado, Swedish
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