Philip Morris International Inc. (PM) Is The 'Best Performing Stock Of The Last Hundred Years,' Says Jim Cramer
Philip Morris International Inc. (NYSE:PM) is one of the .
Philip Morris International Inc. (NYSE:PM) is one of the biggest tobacco companies in the world. Its shares have gained 51% year-to-date on the back of several catalysts such as a strong 2025 outlook and the defensive nature of the stock. Cramer has discussed Philip Morris International Inc. (NYSE:PM) several times in his show. He has commented on the firm's revenue growth rate and its efforts to rebrand itself away from being a cigarette company. Cramer is also torn about investing in Philip Morris International Inc. (NYSE:PM). While on the one hand, he believes that the firm can continue to perform well in the future, he is unwilling to invest in the stock due to the firm's products. This time around, he remarked on the split within Philip Morris International Inc. (NYSE:PM):
'Best performing stock of the last hundred years is Phillip Morris. . .But PMI has been amazing. I mean they've got half the company, house divided stands, half the company killing people, half the company trying to save people. Interesting dynamic.'
Earlier this year, Cramer commented on the defensive nature of Philip Morris International Inc. (NYSE:PM)'s shares:
'Now, the consumer staples, long considered safety stocks, well, let's just say they, they aren't all that safe these days because of a host of challenges, everything from GLP-1 drugs weighing down the food business to higher prices for all sorts of commodity inputs.
A man exhaling smoke from a cigarette indicating the use of tobacco products.
But there's a frequent winner here among the consumer staples. It's one I won't recommend because it's got tobacco in it and that's Philip Morris, the international tobacco company. It's one of the greatest stocks of all time though.'
While we acknowledge the potential of PM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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