Stock Movers Philip Morris Jumps; 3M Beat; Walmart Turkey Deal
Oct 21, 2025
Philip Morris reports a significant profit boost, driven by its popular smoke-free products. 3M raises its profit forecast for the second consecutive quarter, showcasing progress amidst economic challenges. Walmart makes headlines by offering Butterball turkeys at a record low price to draw in bargain-hunting shoppers this Thanksgiving, despite tight production due to avian flu. Exciting insights into how these major companies are adapting to market demands!
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Hologic Buyout And Go-Shop Window
- Tom Keene recounts earlier reporting that Blackstone and TPG re-engaged on a Hologic takeover and made an official $79-per-share offer.
- He notes a 45-day go-shop period allowing other bidders to emerge before the deal closes.
Smoke-Free Products Boost Philip Morris
- Philip Morris raised its full-year adjusted EPS outlook due to strong demand for smoke-free products like nicotine pouches.
- The company said these smoke-free pouches contain nicotine but not tobacco and have driven upward revisions three times this year.
3M's Turnaround Shows Traction
- 3M raised its profit forecast for the second straight quarter amid Bill Brown's turnaround efforts.
- The improved outlook suggests the conglomerate is making progress despite tariffs and uneven demand.