Philip Morris Jumps; 3M Beat; Walmart Turkey Deal
n this episode of Stock Movers:
- Philip Morris (PM) jumped after the tobacco company reported third-quarter profit and revenue that topped expectations, led by performance in smoke-free portfolio.
- 3M (MMM) is up after it raised its profit forecast for the second straight quarter as Chief Executive Officer Bill Brown’s effort to revitalize the conglomerate gains traction despite ongoing challenges from economic volatility.
- Walmart (WMT) is moving on news it is offering its lowest price in years for Butterball turkeys this Thanksgiving, as the nation’s largest food seller flexes its muscles to entice price-sensitive consumers with deals. The company said it will sell the turkeys for 97 cents per pound, its cheapest price since 2019. Turkey production has been tight due to shrinking flocks and resurgence of avian flu.
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