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What to Expect from 3M’s Revenue in 1Q18

Peter Neil
What to Expect from 3M’s Revenue in 1Q18

3M (MMM), a diversified technology company, is expected to report record first quarter revenues in 1Q18. 3M is projected to report 1Q18 revenues of ~$8.25 billion, which represents 7.3% growth on a year-over-year basis.

  • Finance
    Barrons.com

    A Facebook Bear Finds More Reasons to Growl

    Pivotal Research Group’s Brian Wieser was one of the earlier analysts to be downbeat on (FB) shares. “New problems at Facebook representative of systemic issues came to light in recent days,” Pivotal analyst Brian Wieser wrote on Wednesday. “We’re not doubting they can’t be fixed, but the fact that problems keep emerging reinforces our view that the company is not as in control of its business as it needs to be.

  • Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'
    Business
    Yahoo Finance

    Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'

    Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. “A big fear to me is who the hell in their right frame of mind would be buying bonds now?

  • A former GE exec who trained new managers found that almost all of them were making the same mistake
    Business
    Business Insider

    A former GE exec who trained new managers found that almost all of them were making the same mistake

    Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

  • Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For
    Business
    Zacks

    Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For

    Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • 7 Stocks to Buy and Hold Through Any Market Selloff
    Business
    InvestorPlace

    7 Stocks to Buy and Hold Through Any Market Selloff

    Last week’s market collapse made headlines throughout the world. Since the sharp correction has negatively impacted virtually all investment sectors, you’re going to find discounted deals everywhere you look.

  • Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers
    Business
    Fortune

    Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers

    Long before he was Secretary of the Treasury, Steven Mnuchin was a student at Yale University. One of those was Eddie Lampert. Lampert, of course, is the recently departed CEO of Sears Holdings, which filed for Chapter 11 bankruptcy Monday.

  • Finance
    CNBC

    Berkshire Hathaway shares look really cheap using Warren Buffett's own method of valuing stocks

    Companies pay investors dividends but they also retain some of their earnings. Over time, companies invest these retained earnings at a higher rate of return and that ultimately boosts their share prices, benefiting their investors. J. P. Morgan analyst Sarah DeWitt calculates that Berkshire's share of undistributed earnings from its stock portfolio is $12 billion, or about $5.19 per Berkshire B share.

  • Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)
    Business
    American City Business Journals

    Boeing delivers first 737 Max 8 BBJ and unveils Max 7 luxury interior (Photos)

    Boeing has delivered its very first 737 Max 8 business jet to a paying customer. It's the first of 20 BBJ Max jets that buyers from around the world have ordered from the Chicago-based jetmaker since they went on sale. Boeing spokesman Dmitry Krol declined to identify the buyer of the jet, which is the second of its kind made at Boeing's Renton 737 factory.

  • Tilray CEO: I anticipate future conversations with alcoho...
    Business
    CNBC Videos

    Tilray CEO: I anticipate future conversations with alcoho...

    Tilray CEO Brendan Kennedy sits down with CNBC's 'Squawk on the Street' team to discuss Tilray's future after Canada legalized recreational marijuana on Wednesday.

  • Why Marijuana Stocks Cronos Group, Canopy Growth, and Tilray Jumped Today
    Business
    Motley Fool

    Why Marijuana Stocks Cronos Group, Canopy Growth, and Tilray Jumped Today

    The stock market pulled back on Monday, with major benchmarks failing to build on the positive momentum from last Friday. Cronos Group (NASDAQ: CRON), Canopy Growth (NYSE: CGC), and Tilray (NASDAQ: TLRY) were among the best performers. All three of these stocks have something in common: They all stand to benefit from Wednesday's effective date for legal sales of recreational cannabis product in Canada.

  • Business
    Benzinga

    Bernstein Initiates On Tobacco Stocks: Philip Morris 'Leads The Way In The New Nicotine World'

    Tobacco stocks are facing an uphill battle when it comes to regulation and public perception, but one Wall Street analyst says tobacco companies have a long track record of success for investors. The Analyst Bernstein analyst Callum Elliott has initiated

  • Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
    Business
    MarketWatch

    Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

    After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day. From last quarter: Is Netflix stock falling down a mountain, or just tripping over a molehill?

  • ‘Mr. Wonderful’ staying on sidelines as legal pot comes to Canada
    Business
    Yahoo Finance Video

    ‘Mr. Wonderful’ staying on sidelines as legal pot comes to Canada

    Recreational marijuana is now legal in Canada, but one prominent investor is staying on the sidelines. ‘Mr. Wonderful,’ Kevin O’Leary, says he won’t be putting his money into legal pot, for now. He spoke with Yahoo Finance’s Alexis Christoforous.

  • Better Buy: The Home Depot, Inc. vs. Lowe's
    Business
    Motley Fool

    Better Buy: The Home Depot, Inc. vs. Lowe's

    Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have helped countless homeowners increase the value of their homes. They've also made many investors rich. With their shares having soared 879% and 484%, respectively, over the past decade, Home Depot and Lowe

  • Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market
    Business
    Bloomberg

    Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market

    (Bloomberg) -- Investor reaction to Canada’s newly legal cannabis market took a brighter turn by late Wednesday morning, with a few stocks turning positive after the sector started the day in the red.Pyxus International Inc. led the gains, rising as much

  • Could Enbridge Inc. Be a Millionaire-Maker Stock?
    Business
    Motley Fool

    Could Enbridge Inc. Be a Millionaire-Maker Stock?

    Enbridge (NYSE: ENB) has made its investors lots of money over the years. To put that into perspective, if an investor had bought $10,000 worth of Enbridge's stock 20 years ago, it would be worth about $116,000 today assuming they reinvested their dividends. While Enbridge has done an excellent job creating wealth for investors in the past, it faces an uphill battle in making them millionaires in the future.

  • Finance
    TheStreet.com

    General Electric Rises on Reported Iraq Power-Generation Deal

    for a multi-billion-dollar deal to supply power to Iraq. Munich-based Siemens had been close to securing a contract to supply 11 gigawatts of power-generation equipment to Iraq, a deal worth about $15 billion, but then the Trump administration intervened on behalf of GE, the Financial Times reported, citing unnamed people familiar with the matter. The Trump administration reportedly pressured the Iraqi government, and now "GE is expected to take a substantial share of the sale," the Financial Times said.

  • Business
    Benzinga

    Kinder Morgan's Q3 Earnings Preview

    Kinder Morgan (NYSE: KMI) will be releasing its next round of earnings Wednesday. For all of the relevant information, here is your guide for the Q3 earnings announcement. Earnings and Revenue Analysts expect Kinder Morgan earnings of 21 cents per share

  • ‘Wake ’n Bake,’ Plunging Stocks Greet Canada’s Legal Pot Debut
    Business
    Bloomberg

    ‘Wake ’n Bake,’ Plunging Stocks Greet Canada’s Legal Pot Debut

    Stores in St. John’s, Newfoundland were the first to sell recreational cannabis, followed by more than 100 outlets and websites opening across the country of 37 million people. “I’m super happy, this is an historic day for Canadians and for the world because we’re really setting a precedent here," said Isaac Langille outside a store in Halifax, where he bought the legal limit of 30 grams, spending C$344 ($264) on products from Aphria Inc. and Organigram Holdings Inc.

  • The Zacks Analyst Blog Highlights: Altria, Coca-Cola, PepsiCo, Constellation and Canopy Growth
    Business
    Zacks

    The Zacks Analyst Blog Highlights: Altria, Coca-Cola, PepsiCo, Constellation and Canopy Growth

    Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Altria Group Inc. MO, Coca-Cola Company KO, PepsiCo PEP, Constellation Brands STZ and Canopy Growth Corp. CGC. Altria Group Inc., America’s leading cigarette manufacturer, is in talks with Canadian cannabis producer Aphria Inc. to buy a stake in it, The Globe & Mail reported last week.

  • Marijuana Stocks to Watch in October -- and Into 2019
    Business
    Motley Fool

    Marijuana Stocks to Watch in October -- and Into 2019

    Tomorrow, Wednesday, Oct. 17, Canada will become the first industrialized county in the world where marijuana is legal for adult recreational use -- and only the second country, along with Uruguay, where such use is legal.  Not only does this open up

  • AT&T (T) Q3 Earnings Preview: How Are Events Shaping Up?
    Finance
    Zacks

    AT&T (T) Q3 Earnings Preview: How Are Events Shaping Up?

    The market expects AT&T (T) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24.

  • Analysts Give Philip Morris a ‘Buy’ Rating before Its Q3 Earnings
    Business
    Market Realist

    Analysts Give Philip Morris a ‘Buy’ Rating before Its Q3 Earnings

    Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Of the 19 analysts that follow Philip Morris International (PM), 52.6% recommend a “buy,” 42.1% recommend a “hold,” and 5.3% recommend a “sell.” On average, analysts have set a price target of $91.69, which represents a potential return of 11.4% from its current stock price of $82.31. Berenberg cut PM’s target price from $85.00 to $84.00 on October 1.

  • Business
    TheStreet.com

    IBM: Has Big Blue Become Big Red?

    My first thought after that... I wonder if CEO Ginni Rometty has a problem. Getting even more granular, the "Cognitive Solutions" segment of the business, which would include artificial intelligence and the Watson supercomputer saw revenue decline significantly, about 5% year over year.

  • Can Solid Overall Growth Drive Illumina (ILMN) Q3 Earnings?
    Finance
    Zacks

    Can Solid Overall Growth Drive Illumina (ILMN) Q3 Earnings?

    Illumina, Inc. ILMN is slated to report third-quarter 2018 results, after the market closes on Oct 23. In the last reported quarter, the company delivered a positive earnings surprise of 28.8%. Over the last few quarters, Illumina’s product revenues have been gaining from rising demand for sequencing consumables and instruments as well as the microarray range.