10,000 boomers are reaching retirement age every day. The 4% rule for retirement withdrawals may not always work due to sequence risk and market fluctuations. Building a dividend income snowball can provide a more stable retirement income, with 2 high-yielding recession-proof stock picks recommended.

Realty Income's stock could rebound with interest rate cuts. PepsiCo will remain a grocery store winner.

Consumer staple stocks like Colgate-Palmolive Company (CL), Kimberly-Clark Corporation (KMB), The Coca-Cola Company (KO) and Philip Morris International Inc. (PM) are a safe bet during times of market volatility.

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Philip Morris International has moved aggressively to deal with the ongoing decline in demand for cigarettes. The company serves a diverse group of foreign markets and has been moving into the U.S. market with non-cigarette nicotine products.

Philip Morris International has a dividend yield of 4.5%. With a stable tobacco business and new nicotine products, its dividend should grow in the coming years.

Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Fed Chairman Jerome Powell hinted at a possible rate cut at the September meeting, reinforcing investor expectations. Powell expresses confidence in achieving a soft landing, as inflation trends towards the 2% target. These are 3 high-yield dividend stocks which should benefit.

Look at ETFs with exposure to Philip Morris, as the tobacco giant reports second-quarter earnings.

Earnings season is the perfect time to evaluate the performance of blue-chip stocks and add or trim holdings. According to FactSet, with 41% of S&P 500 companies reporting as of July 26, 60% of companies reporting have had a positive revenue surprise.

Philip Morris International beat Q2 earnings estimates, driven by growth in smoke-free products like IQOS and ZYN. The company's strong performance led to a 9.6% net revenue growth rate and a 12.5% operating income increase year over year. Philip Morris also raised its EPS growth outlook for FY 2024.

Philip Morris (PM) possesses solid growth attributes, which could help it handily outperform the market.