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Barrons
205 days

Big Fund Sold Philip Morris, Apple, and PayPal Stock. It Bought Lululemon. - Barron's

1. MEAG sold shares in Philip Morris and Apple, buying Lululemon. 2. Philip Morris stock rose 28% in 2024, outperforming the S&P 500. 3. FDA approved Zyn, boosting Philip Morris' smoke-free revenue growth. 4. Apple's sales decline in China may affect its market performance. 5. Lululemon increased earnings guidance despite a 25% drop in 2024.

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FAQ

Why Bearish?

Selling by a major investor like MEAG indicates reduced confidence in PM.

How important is it?

Investment shifts by significant funds can impact overall market sentiment around PM.

Why Short Term?

Immediate sell-off pressures can influence PM's stock price quickly.

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