I manage a 40-stock portfolio using a tactical YARP approach, balancing growth and yield while avoiding major losses, with MMM currently at a 1% position. Despite MMM's recent strong performance, its valuation is stretched, and its dividend yield is low, prompting me to maintain a cautious "hold" rating. Technical analysis shows MMM hitting resistance, so I won't increase my position until it breaks through, focusing on profitability and risk management.
Stephen Tusa, J.P.Morgan managing director, joins 'Closing Bell Overtime' to talk his fourth quarter investing playbook.
3M (MMM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
3M (MMM) closed the most recent trading day at $136.60, moving -0.45% from the previous trading session.
MMM is making strides in electronics, automotive and aerospace, and transportation markets, which makes the stock worth a watch amid certain headwinds.
Zacks.com users have recently been watching 3M (MMM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
3M Company (NYSE:MMM ) Morgan Stanley 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Bruce Jermeland - SVP, IR William Brown - Director and CEO Conference Call Participants Chris Snyder - Morgan Stanley Chris Snyder All right. Thank you, everybody.
MMM gains from strength in its Transportation and Electronics segment, buyouts and shareholder-friendly policies. Softness in the Consumer segment is concerning.
In the latest trading session, 3M (MMM) closed at $130.09, marking a +1.27% move from the previous day.
3M stock (NYSE: MMM) currently trades around $128 per share, roughly 15% below its pre-inflation shock highs of $150 seen in June 2021. This performance aligns with that of its peer – Honeywell stock – also down 15% over this period.
Stocks aren't people. Don't let a past loss prevent you from taking what could be a profitable trade.
In the closing of the recent trading day, 3M (MMM) stood at $132.15, denoting a +0.99% change from the preceding trading day.