3 Reasons to Buy Philip Morris International

With the S&P 500 down 14% year to date, 2022 hasn't been kind to many stock market investors. As a tobacco company, Philip Morris is highly shielded from these challenges because nicotine products are habit-forming, and consumers will likely continue buying them in a weak economy. While these headwinds have hurt U.S.-focused tobacco companies like Altria Group (down 7% this year), Philip Morris targets international markets outside the U.S., so it has little to fear from American regulation.