The stock market closed with mixed results on Tuesday, but several stocks caught the attention of traders and investors. This article highlights the top five trending stocks, including Trump Media & Technology Group, McDonald’s, Starbucks, Philip Morris, and Tesla, outlining their respective price movements and key developments.
Philip Morris International Inc. (PM) exceeded analysts’ expectations for third-quarter revenue, reporting a strong 8.4% year-over-year increase, driven by robust pricing and volume growth, particularly in its smoke-free product segment. The company also raised its fiscal year 2024 earnings outlook for the third time this year, reflecting strong momentum in its iQOS and ZYN products, as well as a steady performance in its traditional cigarette business. Goldman Sachs reiterated its Buy rating on Philip Morris, citing the positive trajectory and the company’s ability to achieve the revised guidance.
