Ritholtz Wealth Management's Josh Brown is putting money to work outside of tech as he anticipates money rolling into other areas of the market. He's identified an industrials stock that he says looks more attractive than it has at any point over the last 25 years.
To achieve high returns from the subsequent changes in the market, sharp investors are closely monitoring which top stocks to buy before interest rate cuts as the Federal Reserve considers reducing interest rates. Companies with solid foundations stand to gain much from lower borrowing rates; therefore, finding the greatest investment possibilities in advance is critical.
3M NYSE: MMM is turning a corner. The company wasn't hurt by ailing business so much as lawsuits related to legacy businesses that are now primarily in the past.
Despite the strong rally recently, I see more upside for 3M Company stock prices. The top drivers include the Solventum Corporation spin-off and the settlement of its legacy lawsuits, both enhancing the clarity of its growth curve ahead. The attractive valuation multiples add further upside potential.
3M (MMM) benefits from strength in electronics, and automotive and aerospace end markets. Also, the company's measures to reward its shareholders are encouraging.
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.
The healthcare spinoff and legal settlements helped to derisk the stock. New CEO William Brown has the financial firepower to restructure the company.
3M (NYSE: MMM) stock price has rebounded sharply this year even as the company continued facing substantial challenges. It has soared to over $100 and is hovering at its highest point since August 2022.
3M (MMM) concluded the recent trading session at $100.66, signifying a -0.2% move from its prior day's close.
3M Co (NYSE:MMM) shares traded higher on Friday after the stock was upgraded by Bank of America analysts to a ‘Buy' rating from ‘Neutral.' The analysts awarded the diversified manufacturer a boosted price objective of $120, up from $105.
3M Company reported solid first quarter results with adjusted EPS growing in the double digits again. The company spun off its healthcare business into a new company called Solventum. 3M Company cut its dividend in half, but the stock is still undervalued and seems well-supported from a technical point of view.
The industrial giant has been facing years of legal and regulatory headwinds. The company was forced to spin off a large division to raise the cash it needed to deal with the issues.