5 Best Counter Cyclical Stocks to Buy Now

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1. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 56     

Philip Morris International Inc. (NYSE:PM) operates as a tobacco company working to deliver a smoke-free future and evolving its portfolio for the long-term to include products outside of the tobacco and nicotine sector. It is one of the major counter cyclical stocks to invest in. On September 14, Philip Morris International revealed that it has appointed two former United States Food and Drug Administration officials to key positions with a goal of helping the company in the transformation to smoke-free products. 

On October 14, Stifel analyst Christopher Growe maintained a Buy rating on Philip Morris (NYSE:PM) stock and lowered the price target to $105 from $115, noting that the company is expected to show stronger earnings growth across the second half of the year. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Philip Morris International Inc. (NYSE:PM), with 30 million shares worth more than $3 billion.

You can also take a peek at 10 Best MLP Dividend Stocks to Buy and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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