nysemmm
3M (NYSE: MMM) stock price has gone through a rough patch since 2018, undoing some of the gains it made in the past decades. It has plunged by over 43% from a high of $170 in 2018 to today’s $96 as the company faces substantial challenges. In the long-term, however, 3M has been a stellar company as its stock surged by over 345% from its lowest point in 2010. Challenges and turnaround3M is one of the biggest industrial companies in the US with a market cap of over $52 billion and annual revenues of over $32 billion. It manufactures products that lead their respective industries like safety and ...
Invezz
Key Points 3M stock has likely found its bottom just as the underlying industry shows signs of improvement and upcoming demand for the second half 2023.Financial performance improved significantly in the company; these adjusted figures suggest that the earnings power for the past quarter was as strong as ever, adding momentum to an undervaluation thesis.Future implications of lawsuit payments can dismiss any investor fears surrounding the safety of the company’s dividend payouts, further suggesting that there is much more value to be had in this company.5 stocks we like better than 3MThere are...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Strong BiddingThe biggest news this week was that the Treasury auctions have been going amazingly well due to the fact the bid-to-cover ratio has averaged only 0.12%. We are now in the midst of the strongest bidding for Treasury securities since October 2021. Frankly, this means that bond investors are fully expecting inflation cooling off and that the Fed will soon announce that its key interest rate hikes will soon end. Q4 2022 hedge fund letters, conferences and more The Commerce Department announ...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. This is a very big week for earnings announcements and since this is supposed to be the trough of the S&P 500’s earnings, guidance will be more important than the actual fourth-quarter results for many companies. Many big multi-international stocks have already posted mixed fourth-quarter results and/or issued lackluster guidance, including Johnson & Johnson (NYSE:JNJ), 3M Co (NYSE:MMM) and Verizon Communications Inc. (NYSE:VZ). Microsoft Corp (NASDAQ:MSFT) beat analysts’ consensus earnings expectati...
ValueWalk
Dividend stocks are a staple of income investing, but they can benefit almost any stock portfolio.Dividends accounted for 40% of the stock market’s returns since the 1930s, and that figure rose higher during periods of high inflation.Here are some quality companies that pay good dividends to consider adding to your portfolio.5 stocks we like better than ChevronLike many investors, this year I’m ramping up how much I choose to invest each month, despite things looking more than a little scary on the stock market technicals. Q4 2022 hedge fund letters, conferences and more Find A Qualified Finan...
ValueWalk
Industrials 3M (NYSE:MMM), Honeywell (NASDAQ:HON) and General Electric (NYSE:GE) are all trading higher following recent earnings reports. One truism about the industrial sector: These companies’ businesses are intricately tied to economic cycles. We maybe familiar with the consumer products offered by these companies, such as 3M’s Post-It notes, Honeywell’s air purifiers and humidifiers, and GE’s light bulbs. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorHowever, all these companies also have large exposure to business and enterprise customers. That means ...
ValueWalk
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