DIA - SPDR Dow Jones Industrial Average ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
-0.45 (-0.16%)
At close: 4:00PM EDT

271.40 -0.20 (-0.07%)
After hours: 4:10PM EDT

Stock chart is not supported by your current browser
Previous Close272.05
Bid272.27 x 1000
Ask272.27 x 800
Day's Range271.37 - 273.33
52 Week Range216.97 - 273.99
Avg. Volume3,193,930
Net Assets21.33B
PE Ratio (TTM)N/A
YTD Return18.08%
Beta (3Y Monthly)0.97
Expense Ratio (net)0.17%
Inception Date1998-01-13
Trade prices are not sourced from all markets
  • Ahead of Next Week’s Earnings, Should Investors Buy 3M Stock Into Weakness?
    InvestorPlace10 hours ago

    Ahead of Next Week’s Earnings, Should Investors Buy 3M Stock Into Weakness?

    3M Company (NYSE:MMM), a coveted member of the Dow Jones Industrial Average since 1976, is an industrial conglomerate. The group got its start in the early 20th century by extracting corundum mineral.Source: Shutterstock These days, however, 3M stock has expanded beyond corundum to the point of recent conundrum. After reaching an all-time high of $259.77 in Jan. 2018, MMM stock price has been in a multi-month decline. Year-to-date, 3M stock price which has missed the broader market rally in 2019, is down about 8%.As MMM stock gets ready to report earnings on July 25, many of our readers are wondering whether July may offer a good entry point into MMM shares, which are currently trading around $175. Here is a candid look at the the prospects for 3M stock so that potential investors may decide if the shares should belong in their long-term portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading Tips How Does 3M Stock Make Money?Although most consumers first think of 3M's ever-popular signature products, e.g., Scotch Tapes and Post-it Pads, the company produces and sells a diverse line of products ranging from adhesive tapes to air filters, filters for computer screens, heatshrink tubing, knee supports, lint rollers, lubricants, safety goggles, and sand paper.To be more precise, its current product range includes over 50,000 items. In other words, most consumers would probably feel somewhat lost while looking through 3M's website. And very few companies would have the capital, time, or technology to build market share in many of the lines of business.The group divides its business into five segments: * Industrial (such as tapes, adhesives, and supply chain management software); * Safety and Graphics (such as protective gear and security products); * Electronics and Energy (such as fibers and circuits); * Health Care (such as medical and surgical products as well as drug delivery systems); and * Consumer (such office supplies and home improvement products).However, with this kind of growth and business range, a big headache has also come; 3M Company is simply too large to run efficiently, i.e., bigger is not necessarily better. MMM Stock's First-Quarter Results Were DisappointingOn Apr. 25, 3M released Q1 2019 results with lower-than-expected earnings. CEO Mike Roman summed up the earnings results in one sentence when he said "The first quarter was a disappointing start to the year for 3M." * 10 Stocks to Sell for an Economic Slowdown MMM stock's EPS came at $2.23, adjusted vs. $2.49 expected. Revenue was $7.863 billion, instead of the expected $8.025 billion. Management partly blamed a litigation-related pretax charge of $548 million, or 72 cents per share, for the poor results.The group also cut 2019 guidance and announced plans to lay off 2,000 workers. Wall Street was not impressed and the stock tumbled.Going forward 3M's five business segments will be restructured into four. Management has been trying to paint a better future picture for MMM stock as the company believes it will increase productivity, reduce costs, and increase cash flow levels.However, Wall Street is not necessarily hopeful about the company's upcoming Q2 results as many analysts do not necessarily expect 3M stock's results to show any signs of real recovery. Is MMM Stock's Dividend Safe?In a low-interest rate environment, stock investors pay special attention to shares with robust dividend yields. Dividend stocks can be one of the best ways to generate a regular passive income for long-term shareholders.In general, big blue-chip names tend to be consistently generous dividend payers. And 3M, which has increased its dividend for decades, has traditionally been regarded as a safe dividend play.Yet with the recent poor results and on-going issues, analysts have also started wondering whether MMM stock's dividend may also be cut.The dividend payout ratio can show investors if a stock is paying out either less or more than the company earns. In other words, if a company earns $1 per share but pays a dividend of $1.30, management may have to decrease the dividend at some point in the near future. A payout ratio of over 100% means that a company is paying out more in dividends than it earns.MMM stock's payout ratio is 0.59 which makes the dividend sustainable as long as the company keeps the earnings around the current levels. However, in case of a miss in earnings, I'd become sceptical of the dividend amount and would even expect a cut.Experienced dividend investors also pay close attention to a company's free cash flow as dividends are ultimately paid out of cash.Free cash flow is what remains in the bank after 3M has paid interest on its debt, paid any taxes owed, and made all of the capital expenditures necessary to run and invest in the giant business. MMM stock's capital structure has been under stress due to legal liabilities and decreasing revenue.Companies do not cut dividends in good times. And 3M Company is clearly going thorugh a difficult patch in its history. If there were further external events (such as increased trade tensions with China or a slowing down of the U.S. economy) as well as company-specific problems, it is possible that management may take the extraordinary measure of cutting MMM stock's dividend. Where is 3M Stock Price Now?On June 3, MMM stock hit a 52-week low at $159.32. In other words, as it hovers around $175, 3M stock is trading just above its 52-week lows right now. The downtrend since Jan. 2018 as well as Apr. 25, 2019 is a stark reminder that its all-time high of $259.77 is now in the rear-view mirror.If you are an investor who also pays attention to technical analysis, then you may want to know that over the past 18 months, 3M stock has suffered from a damaging technical picture.In addition to its long-term technical chart which still looks weak, MMM stock's short-term technical chart, trend lines and support and resistance levels, are telling investors to exercise caution.Although MMM stock's momentum indicators, which describe the speed at which prices move over a given time period, are currently in oversold territory, they can stay oversold for quite a long time, especially when the overall trend is down.Therefore, buy signals based on momentum indicators need to be confirmed with further chart analysis before the stock is a buy from a technical standpoint.Among 10 Wall Street analysts, there is one strong buy rating, seven hold ratings (which effectively mean sell) and two sell ratings on 3M stock. Recently its price target was cut from $201 to $182. In other words, could MMM share price have already seen the high for 2019?If there is any broader market weakness, say due to market worries over U.S.-China trade wars, 3M stock price may be further adversely affected. * 7 Dependable Dividend Stocks to Buy At this point, the bulls are not yet in control and the selling pressure has increased especially after the Q1 earnings report of April 25. Therefore MMM shares will need a catalyst to make them attractive in the eyes of long-term investors, who are probably still skeptical about the near-term prospects for the company. The Bottom Line on MMM StockI am of the camp that 3M stock's price weakness is a clear reflection of investor sentiment and major fundamental worries, especially regarding a large conglomerate with legal woes and which is going through a major restructuring process amidst falling revenues.If you aren't already long MMM stock, you may want to remain on the sidelines until the earnings report on July 25 to give yourself time to study the balance sheet as well as the outlook by the management. Many questions, such as the effects of the current trade wars, decreasing margins, falling revenues, viability of the dividend as well as the level of free cash flow, remain yet to be answered.If you already own 3M shares, you may also consider initiating covered call positions in conjunction with being long MMM stock. For example, Aug. 16 expiry at-the-money (ATM) covered calls may enable you to hedge your long position in case of profit-taking following the earnings report. You would also be able to participate in a further up move in 3M stock price.If you are considering investing in 3M stock, you may want to start building a position between the $150 and $160, and expect to hold the stock for several years.Investors who are interested in buying into 3M Company shares, but do not want to commit all their capital to a single stock may also consider investing in various exchange-traded Funds (ETFs) that have MMM stock as a holding, including the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), Industrial Select Sector SPDR (NYSEARCA:XLI), or iShares Core High Dividend ETF (NYSEARCA:HDV).As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Ahead of Next Week's Earnings, Should Investors Buy 3M Stock Into Weakness? appeared first on InvestorPlace.

  • Fund Managers Increased Risk but Still Fear Slowdown
    Market Realistyesterday

    Fund Managers Increased Risk but Still Fear Slowdown

    Despite the markets hitting record highs, not many fund managers are in an optimistic mood.

  • eBay Gains as It Moves Forward with StubHub Sale
    Market Realistyesterday

    eBay Gains as It Moves Forward with StubHub Sale

    eBay stock surged 2% on the news that it's exploring the sale of its ticket exchange company StubHub.

  • Benzingayesterday

    Mnuchin Says Markets Shouldn't Be 'Concerned' With Debt Ceiling

    In the event the U.S. government runs out of cash in September, it will not be able to issue payments on the outstanding $22 trillion debt load. Mnuchin said both sides of the political aisle agree it would be unwise to put the U.S. government in a scenario where it could default on payments. As it stands now, no one in the government wants the issue to turn into a government shutdown.

  • Two Steps Back
    Investopedia2 days ago

    Two Steps Back

    Investors are still cautious amid earnings beats as Dow theory remains unfulfilled and small caps lead the pullback.

  • ETF Trends3 days ago

    U.S. Stock ETFs Falter on Mixed J.P. Morgan Chase, Wells Fargo Earnings

    U.S. markets and stock ETFs weakened Tuesday on mixed second-quarter earnings after three major U.S. banks reported their quarterly results, setting the tone for the upcoming earnings season. On Monday, ...

  • S&P 500: Why MS and JPM Are at Odds about Upside
    Market Realist3 days ago

    S&P 500: Why MS and JPM Are at Odds about Upside

    In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P; 500 (SPY) from 3,000 to 3,200 on July 15.

  • Top 4 ETFs That Track the Dow
    Investopedia3 days ago

    Top 4 ETFs That Track the Dow

    Tracking the blue-chip stocks of the DJIA with these four exchange-traded funds (ETFs) is easy, and some investors consider them a cornerstone investment.

  • ETF Trends4 days ago

    U.S. Stock ETFs Flat as Earnings Season Kicks Off

    U.S. markets and stock ETFs muddled along on Monday as investors focused their attention on what could be a weak second-quarter earnings season. On Monday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 0.1%, ...

  • Is an ‘Earnings Recession’ on the Horizon?
    Market Realist4 days ago

    Is an ‘Earnings Recession’ on the Horizon?

    Is the market rally justified? Corporate earnings are at the lowest level this year. We might be heading into an "earnings recession."

  • Dow ETF Appears Strong Ahead of Q2 Earnings
    Zacks4 days ago

    Dow ETF Appears Strong Ahead of Q2 Earnings

    With most blue-chip companies' earnings scheduled over the coming weeks and investors' sentiment being mixed, investors should closely monitor the movement of the Dow ETF.

  • Preparing for Overbought Markets and Compounded Returns
    Investopedia4 days ago

    Preparing for Overbought Markets and Compounded Returns

    With the market at record highs and flashing consistent buy signals, we could see some give-back before stocks continue higher.

  • ETF Trends7 days ago

    U.S. Stock ETFs Maintain Momentum on Rate Cut Hopes

    U.S. markets and stock ETFs pushed to new record highs Friday on rising optimism that the Federal Reserve will cut interest rates later this month. On Friday, the Invesco QQQ Trust (QQQ) increased 0.4%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.6% and  SPDR S&P 500 ETF (SPY) rose 0.2% as the Dow Jones Industrial Average trade above 27,000 for the first time from the previous session and the S&P 500 hovered above 3000. The markets were reassured after Federal Reserve Chairman Jerome Powell all but guaranteed the central bank would cut interest rates as soon as later this month, the Wall Street Journal reports.

  • How Has Oil Influenced Energy ETFs in the Last Week?
    Market Realist7 days ago

    How Has Oil Influenced Energy ETFs in the Last Week?

    US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.

  • Dow Breezes Past 27,000: 5 Stocks That Drove ETF
    Zacks7 days ago

    Dow Breezes Past 27,000: 5 Stocks That Drove ETF

    The Dow Jones topped 27,000 for the first time in its history.

  • Dow Jones ETF (DIA) Hits New 52-Week High
    Zacks7 days ago

    Dow Jones ETF (DIA) Hits New 52-Week High

    This Dow Jones ETF hits a new 52-week high. Are more gains in store for this ETF?

  • 4 Reasons That Led Dow Jones to 27,000: ETFs in Focus
    Zacks7 days ago

    4 Reasons That Led Dow Jones to 27,000: ETFs in Focus

    Fed's rate cut optimism, oil price rally, large-cap outperformance and U.S.-China short-term trade negotiations boosted Dow Jones to this height, benefiting Dow-heavy ETFs.

  • Shell Stock, WTI, and SPY Ahead of Q2 Earnings
    Market Realist7 days ago

    Shell Stock, WTI, and SPY Ahead of Q2 Earnings

    Royal Dutch Shell (RDS.A) is scheduled to announce its second-quarter results on August 1. Since June 10, Shell stock has risen.

  • Rally Hesitates on Higher Inflation
    Investopedia8 days ago

    Rally Hesitates on Higher Inflation

    Rising inflation put a damper on rate cut expectations. Small caps fell further behind, while Brazilian stocks reached resistance.

  • ETF Trends8 days ago

    U.S. Stock ETFs Mixed, But Healthcare Helps Dow Push Higher

    U.S. markets and stock ETFs were mixed Thursday, with the Dow Jones Industrial leading the charge after the Trump administration abandoned a plan to cutback drug rebates. On Thursday, the  SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5% and  SPDR S&P 500 ETF (SPY) was flat. The decision to withdraw plans to reduce drug rebates helped shares of pharmacy benefit managers rally as the new developments meant these companies would continue to benefit from after market discounts from drugmakers, Reuters reports.

  • Rate Cut Coming: Is "Data Dependent" Out the Window?
    Zacks8 days ago

    Rate Cut Coming: Is "Data Dependent" Out the Window?

    Is an inevitable rate cut impervious to a continued narrative of relatively strong economic data?

  • Markets Cheer Lower Interest Rate Outlook
    Investopedia9 days ago

    Markets Cheer Lower Interest Rate Outlook

    Dovish testimony from the Fed chairman boosted stocks and gold. The Nasdaq Composite broke out above a double top as the dollar stumbled.

  • ETF Trends9 days ago

    Powell Renews Hope of Rate Cuts, Lifting U.S. Stock ETFs to Records

    U.S. markets and stock exchange traded funds rallied to record highs Wednesday after Federal Reserve Chairman Jerome Powell's dovish comments helped stoked bets of interest rates cuts ahead to bolster economic growth. On Wednesday, the Invesco QQQ Trust (QQQ) increased 1.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5% and  SPDR S&P 500 ETF (SPY) gained 0.6%. Stock investors regained their risk-on attitude after Powell stated the central bank was ready to "act as appropriate" to support ailing economic growth, Reuters reports.

  • Benzinga9 days ago

    Powell: Trade War, Global Weakness 'Weigh On The US Economic Outlook'

    U.S. stocks rallied on Wednesday morning after U.S. Federal Reserve Chair Jerome Powell suggested a U.S. interest rate cut may be imminent. Last month the Fed opted to once again defy President Donald Trump and maintain interest rates.

  • Goldman Sachs Doesn’t Think a Fed Rate Cut Will Boost Stocks
    Market Realist9 days ago

    Goldman Sachs Doesn’t Think a Fed Rate Cut Will Boost Stocks

    Goldman Sachs (GS) thinks that if the Fed's interest rate cut happens, it shouldn't lead to a big increase in stocks.