Previously, we have covered Philip Morris International Inc. (PM) in April 2025 wherein we summarized a bullish thesis by Hidden Market Gems on Substack. The author highlighted the company's resilience amid rising trade tensions and economic uncertainty. The author argued that PM's locally sourced supply, strong pricing power, and macro-proof product lineup made it an ideal investment in a volatile market environment. Since our last coverage, the stock is up 17.6% as of 29 th May.