Druckenmiller Sells Duquesne Stake
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•Billionaire Stanley Druckenmiller Sold 95% of Duquesne's Stake in Palantir and Is Piling Into This High-Yield Dividend Stock Instead
76% Informative
Billionaire Stanley Druckenmiller sold 95% of Duquesne 's stake in Palantir Technologies and is now piling into a stalwart high-yield company.
Shares of the company are up 291% on a year-to-date and valued at north of 43 times forecast sales next year .
Shares are historically consistent with tech stocks that are in a tech bubble.
Stanley Druckenmiller has overseen the purchase of 1,134,635 shares of tobacco stock Philip Morris International ( NYSE : PM) Despite these challenges, Philip Morris has outperformed, with its stock reaching multiple all-time highs this year .
The adult cigarette smoking rate in the U.S. has declined from around 42% in the mid-1960s to just 11.5% , as of 2021 .
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