2011 Top S&P Stocks: No. 24 Philip Morris International

Philip Morris International experienced strong stock growth in 2011, up 28 percent year to date, but investors might want to wait for a price opportunity.

As part of the “Fast Money” countdown of the 25 top-performing S&P stocks of 2011, trader Patty Edwards on Tuesday said PM was a stellar pick.

“If you’ve got it today, I would continue to hold on to it,” she said. “I would wait for a pullback to buy it.”

The tobacco company counts among its roster of cigarettes such well-known brands as Marlboro, Parliament and Virginia Slims. Its stock was priced at $74 per share in midday trading.

Edwards noted three positive factors:

• PM is “the industry leader as far as cash-flow margins.”
• It has no U.S. exposure.
• The company provides exposure to consumers in emerging markets.

“I think that is just a trifecta of something I want to own,” she said.

(Related Stories: 2011 Top S&P Stocks: No. 25 | S&P’s Most Shorted)

Investment pro Brian Kelly agreed.

“This is like Apple with a dividend,” he said. “Once you try their product, you tend to stay in their ecosystem.”

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Trader disclosure: On Nov. 29, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova Long SBUX, DECK, TRLG, LULU, CAT, CSCO, HES, SU, EMC, IBM, AXP, MUB, LQD; Edwards Long for Clients TGT, AAPL, CVX, PM, (Patty also personally owns), CBI; Cortes Long XLE, S&P 500, Treasuries, Short XRT, QQQ, DB; Dicker Long RIG;

Brian Kelly
Fund is long: AAPL, DE, CAT, CLNE, GLNG, IBM, MSFT, PM, SNDK, SYY, BRENT OIL, COPPER, FCX, AUSSIE DOLLAR, CORN FUTURES

Fund is short: Japanese yen, EWO

Camilla Sutton
Scotia Capital makes market in Australian Dollar and Euro

Michael Pachter
Wedbush Securities
No disclosures

Tavis McCourt
Morgan Keegan
No Disclosures

Amit Daryanani
Securities Recommended: Amphenol Corporation. Benchmark Electronics, Inc.. Celestica Inc.. Dell Inc.. EMC Corporation. Emulex Corporation. Flextronics International Ltd.. Hewlett-Packard Company. International Business Machines Corporation. Jabil Circuit, Inc.. Molex Incorporated. NetApp, Inc.. Plexus Corp.. QLogic Corporation. Sanmina-SCI Corporation. Seagate Technology. Sensata Technologies Holding N.V.. TE Connectivity Ltd.. Xyratex Group Limited.

Details / Comments: CNBC Business News

Disclosures

Sensata Technologies Holding N.V.: A member company of RBC Capital Markets or one of its affiliates managed or co-managed a public offering of securities for Sensata Technologies Holding N.V. in the past 12 months.

Sensata Technologies Holding N.V.: A member company of RBC Capital Markets or one of its affiliates received compensation for investment banking services from Sensata Technologies Holding N.V. in the past 12 months.

Molex Incorporated: Royal Bank of Canada, together with its affiliates, beneficially owns 1 percent or more of a class of common equity securities of Molex Incorporated.

Celestica Inc.: RBC Capital Markets is currently providing Celestica Inc. with non-securities services.

Sensata Technologies Holding N.V.: RBC Capital Markets is currently providing Sensata Technologies Holding N.V. with non-securities services.

International Business Machines Corporation: RBC Capital Markets is currently providing International Business Machines Corporation with non-securities services.

Sensata Technologies Holding N.V.: RBC Capital Markets has provided Sensata Technologies Holding N.V. with investment banking services in the past 12 months.

Dell Inc.: RBC Capital Markets has provided Dell Inc. with non-investment banking securities-related services in the past 12 months.

Seagate Technology: RBC Capital Markets has provided Seagate Technology with non-investment banking securities-related services in the past 12 months.

International Business Machines Corporation: RBC Capital Markets has provided International Business Machines Corporation with non-investment banking securities-related services in the past 12 months.

Dell Inc.: RBC Capital Markets has provided Dell Inc. with non-securities services in the past 12 months.

Celestica Inc.: RBC Capital Markets has provided Celestica Inc. with non-securities services in the past 12 months.

Jabil Circuit, Inc.: RBC Capital Markets has provided Jabil Circuit, Inc. with non-securities services in the past 12 months.

Sensata Technologies Holding N.V.: RBC Capital Markets has provided Sensata Technologies Holding N.V. with non-securities services in the past 12 months.

CNBC.com with wires.