Philip Morris (PM), a $200B company, has shown significant performance in 2024, with its stock up 26% since the start of Q3. Despite broader market sell-offs, PM has outperformed major tech stocks and the NASDAQ Composite, returning twice the gain in price alone compared to the latter. The company has reiterated its 2024 guidance of 11-13% ex-FX growth and is expecting strong Q3 results. CEO's comments at the Barclays conference indicated that currency adjustments are becoming favorable for the company. Additionally, PM is paying dividends of 1-3% every 90 days. Altria (MO) has also shown strong performance, similar to PM.