PM Dropped 8.4% In A Day. Just a Blip, or the Start?
- In 2018 Correction, Philip Morris International stock declined 46% vs 20% for S&P 500. During global financial crisis, it dropped 42% compared to the S&P 500’s 57%.
- Following the 2018 Correction, the stock took 69 months to recover, compared to 4 months for the S&P 500. In the inflation shock, the stock took 22 months to recover, compared to 15 months for the S&P 500.
Philip Morris International Stock Performance In Market Crashes:
| PM | S&P 500 | |
|---|---|---|
| Global Financial Crisis | ||
| % Change from Pre-Recession Peak | -42% | -57% |
| # of Months for Full Recovery | 19 | 49 |
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -46% | -20% |
| # of Months for Full Recovery | 69 | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -33% | -34% |
| # of Months for Full Recovery | 12 | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -26% | -25% |
| # of Months for Full Recovery | 22 | 15 |
Worried that PM could fall much more? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
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