|Bid||175.38 x 800|
|Ask||175.51 x 1200|
|Day's Range||175.20 - 176.35|
|52 Week Range||159.32 - 219.75|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||18.58|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||5.76 (3.26%)|
|1y Target Est||177.88|
Investing.com - Citigroup (NYSE:C) reported second quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
3M Co.'s stock price target was cut Friday to $182 from $201 by UBS analyst Damian Karas, who cited recent comments from the industrial, health-care and consumer products company about restructuring and continued deceleration in macro economic data. The cut comes about two weeks before 3M is scheduled to report second-quarter results, ahead of the July 25 open. Karas kept his rating at neutral. He said he believes 3M has some "proving out" to do: "After five guide-downs in five quarters, it is our view that investors will be hesitant to put new money to work in 3M until growth stabilizes and earnings again hit targets. The Q2 FactSet earnings-per-share consensus is $2.05, but that is down from a $2.64 consensus at the end of the first quarter. Meanwhile, the stock rallied 2.3% in afternoon trading, but has tumbled 20.4% over the past three months, while the Dow Jones Industrial Average has gained 3.3%.
The San Antonio oil refiner said that, for decades, manufacturers hid the danger of the foam used to put out fires at its Oklahoma refinery.
3M Company (NYSE:MMM) stock price has fallen slightly this month, even as the market has rallied, partly due to an analyst's downgrade based on legal troubles. 3M stock has long been a defensive pick because of its positions in the consumer-products industry and respectable dividend yield.Source: Shutterstock However, 3M stock price has underperformed after RBC Capital Markets cut its rating on 3M from "Outperform" to "Sector Perform," citing worries about the firm's legal issues as the main reason for its decision. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond When a stock like 3M underperforms on bad news, the contrarians start chomping at the bit. However before you buy 3M stock on weakness, here are three points to consider.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Environmental UnknownsRBC analyst Deane Dray pointed to 3M's ongoing legal issues regarding chemicals called perfluorooctanesulfonic acid, or PFAS, which have been linked to several illnesses.3M has been accused of knowingly contaminating the food and water supply of the U.S. with high levels of PFAS, resulting in a slew of legal trouble with no end in sight. Because of the widespread use of PFAS, 3M could be bogged down by complaints about the chemicals' environmental impact for the foreseeable future. Dray says the cost of 3M's lawsuits can't be calculated at present because their scope is unclear, but other estimates say the firm might have to pay more than $6 billion, or roughly 6% of its overall market capitalization, to clean up the mess. Earnings IssuesEven disregarding the uncertainty that MMM stock's legal troubles bring to the table, the firm still looks risky. Earlier this year, 3M stock price made its way more than 10% lower after its management cut its 2019 guidance. Not only did the guidance reduction shake investors' confidence, but it signaled somewhat of an emerging trend, as it marked the firm's fourth guidance cut in just over a year. There are a lot of reasons to worry about the building trend, but the biggest concern is the fact that the trend takes away the draw of 3M stock as a defensive play. A lot of investors added 3M to their portfolios because they thought it was a good name to own in case of an economic downturn. However, the more 3M struggles, the less it looks like a good bet if the market turns sour. Growth ConcernsMMM stock's earnings weakness isn't coming out of the blue. Several of the firm's key markets are on the rocks right now, which is hurting the company's sales. 3M stock is particularly exposed to slowing growth in China; nearly a third of the firm's sales come from the Asia-Pacific region. On top of that, 3M is working on a restructuring program that will restructure its business into four separate units. During its first-quarter earnings call, the firm announced its plans to merge its safety and graphics business with its industrial business. The restructuring is bound to create some setbacks at 3M over the next few quarters, especially considering that several of the firm's top executives have elected to leave at the same time. Contrarian Play3M stock is facing several headwinds at the moment, making it a risky bet. Chief among investors' concerns now is the company's exposure to litigation regarding PFAS. The bottom line on MMM stock is that no one knows exactly how far-reaching the consequences will be for 3M as more is discovered about what the company knew when using the chemicals. There's certainly a good contrarian case for buying 3M now, though. If there's one thing we can count on, it's that the public has an extremely short attention span. The list of publicly traded companies that have been in the spotlight for knowingly harming people is extensive, and the majority of those same firms are trading on top of the world right now. So, it's not crazy to think about buying stocks when analysts start their hand-wringing over the latest scandal.Right now, I think worries about the PFAS litigation are overdone. While there has been a lot of chatter about what 3M knew and didn't know regarding the contamination and the negative effects of PFAS, so far, it doesn't appear that the FDA is planning to take any further action. The Bottom Line on MMM StockOf course, 3M stock still carries a lot of risk due to unanswered questions about its PFAS litigation and the slowing growth of its key markets. However, the firm looks capable of coping with these problems, and its respectable 3.48% dividend yield could take the edge of while investors wait for the dust to settle. As of this writing Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 3 Things to Consider Before Becoming a 3M Stock Contrarian appeared first on InvestorPlace.
The index endured a turbulent week but gained after the Fed Chair indicated that a rate was likely later this month.
On Monday, BASF, the world’s largest chemical company, wreaked havoc on investors by providing a disappointing profit outlook.
[Editor's note: "The 5 Best Industrial Stocks to Buy Today" was previously published in February 2019. It has since been updated to include the most relevant information available.]It's no secret that industrial stocks move and groove with the overall economy. That was kind of a problem last year. Thanks to the worries about slowing global growth and the trade war with China, many industrial stocks fell by the wayside. The broad sector measure of industrial stocks -- the Industrial Select Sector SPDR Fund (NYSEARCA:XLI) -- sank by over 13% last year as investors ran from the economically sensitive sector.But investors may not want to dump industrial stocks just yet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsProgress continues to be made on the trade front and recent meetings between the U.S. and China have gone in a positive direction. Meanwhile, here at home, economic data seems to be stabilizing after a few months of steady drops. With the Federal Reserve pausing on rate hikes and even considering cutting them, we could still see some more quarters of gains for the sector. No wonder why the sector has rebounded in a big way. XLI has jumped nearly 20% so far this year and is leading the market.The best part is that several industrial stocks are still trading for discounts to the overall market. And with that as well as the potential for thawing on tariffs/trade, the sector could be ripe for the picking. * 10 Stocks to Sell for an Economic Slowdown But which industrial stocks could make sense in today's market? Here are five of the best industrials to buy today. Corning (GLW)I bet if I asked you what one of the fastest growing sectors were, glass wouldn't even make into the top five. After all, who uses glass anymore? But for industrial stalwart Corning (NYSE:GLW), glass is driving double-digit revenue growth.That growth from glass is coming from two major factors. First off, GLW is still the fiber optics king and makes solutions for telecom networks, data centers, and networking customers. With cloud computing, the upgrade to 5G wireless and increased data usage all converging, Corning has seen demand for its fiber optic cables surge. In the first quarter, optical communications revenues jumped an impressive 20% year-over-year. With our modern lives demanding, even more, data/connectivity, Corning should see more revenue gains for its optics products.The second factor is device adoption itself. Corning's Gorilla Glass has become the standard on many smartphones, wearable devices, augmented reality displays and now automobile dashboards/infotainment units. For GLW, this again has translated into some impressive revenue growth.All of this has helped profits and cash flows at the firm. After building out capacity last year, sales have translated back in earnings-per-share gains, as core EPS jumped 29% year-over-year . Moreover, GLW has continued to return excess capital to shareholders via buybacks and dividends.With growth still at hand, Corning could be one of the best industrial stocks to own in the quarters ahead. Dover (DOV)Like many industrial stocks, Dover (NYSE:DOV) has its hands in many soups. This includes everything from your local service station's gasoline pump to the refrigeration units at your local grocery store. Its wide product catalog across automation equipment, refrigeration and fluid management has allowed the firm to reward shareholders over its history. DOV has managed to pay an increasing dividend for the last 63 years.And it looks like that streak will continue.DOV has moved forward with some restructuring plans to reduce costs and improve margins. Likewise, accreditive buyouts and bolt-on acquisitions have worked in its favor and have reduced the bumpiness in its refrigeration segment. Because of this, Dover managed to see a 29% adjusted earnings increase during the last quarter. Sales grew by 5%. This highlights that the restructuring is working and the steady nature of Dover's product mix. Many of DOV's products tend to be must-haves for other consumer and industrial applications. This makes them a bit immune to changes in the economy. * 10 Stocks to Sell for an Economic Slowdown With a forward price-to-earnings ratio of 15.80 and a 1.9% yield, Dover could be a great industrial stock to buoy your portfolio. Xylem Inc (XYL)Perhaps one of the most critical commodities out there happens to be water. Moving, cleaning and storing it for our ever-increasing population is becoming a paramount issue. And Xylem Inc (NYSE:XYL) is the industrial stock to make that happen.With its appropriate name, the former spin-off from industrial giant ITT (NYSE:ITT) makes a whole host of equipment like pumps, controllers and filtration devices for wastewater treatment plants across the globe. That's a great position to be in. Growth in water treatment is steady and surging.Here in the U.S., replacing aging water infrastructure has become a top priority. Moreover, XYL has quickly moved in helping utilities with smart-metering, leakage detection and other efficiency applications. That provides plenty of higher margins versus just pumps.Secondly, Xylem's real growth is coming from overseas. Just after its spin-off, Xylem changed its strategy and started looking towards key markets like China, the Middle East and South East Asia. Here, populations are growing and access to clean water is shrinking. Last quarter, XYL managed to score a 12% gain in adjusted net income.The shift to higher margin products and to the emerging world has helped XYL boost its cash flows, reduce its debt and pad shareholder's pockets as well.At a forward P/E of 21.6, XYL isn't super-cheap. But when it comes to industrial stocks, it has an impressive growth profile and it is worth the slight premium. Ingersoll-Rand (IR)Ingersoll-Rand (NYSE:IR) could be leading the pack of industrial stocks … at least when it comes to sector moves. The firm slimmed down in a big way after the recession. And now that many of its peers -- like General Electric (NYSE:GE), Honeywell (NYSE:HON) and United Technologies (NYSE:UTX) -- are splitting apart, IR is building up its portfolio of products.This time, Ingersoll-Rand made its biggest buyout ever. IR agreed to pay $1.45 billion for Precision Flow Systems from a group of private equity investors. Precision Flow makes a bunch of engineered pumps, boosters and other systems for water, chemicals and food and beverage customers. This is an easy bolt-on for IR's current fluids management business and actually would nearly triple the size of its current revenues from the segment.At the same, IR has continued to see more demand from its air conditioning and HVAC unit Trane. Both here and across the world, heating and cooling are often the biggest demanders of electricity/power. With global energy surging, especially in key emerging markets, IR has steadily clipped higher revenues from the unit.All of this has made, IR a growth machine among industrial stocks. The firm saw continuing EPS grow more than 61% during Q1 and more than 24% for all of 2018. * 10 Stocks to Sell for an Economic Slowdown For investors looking for a great growth industrial stock, IR is it. iShares U.S. Industrials ETF (IYJ)Perhaps the best way to play the surge in industrial stocks is to own them all. Here's where exchange-traded funds can come in handy. However, investors may want to bypass the previously mentioned XLI and choose the iShares U.S. Industrials ETF (NYSEARCA:IYJ) instead.For one thing, the IYJ has a much broader portfolio of holdings and includes more mid-cap industrial stocks in its portfolio. These mid-caps have provided plenty of growth as well as being M&A targets for the sector. It has also allowed IYJ to outperform the XLI over the longer haul. Over the last ten years, the iShares fund has managed to produce an average annual return of over 13%. At the same time, you still get plenty of large-cap industrial stocks as well. Top holdings in the ETF include Honeywell, Boeing (NYSE:BA) and 3M (NYSE:MMM).As trade begins to thaw and the economy continues to move along, IYJ should be able to post some impressive returns. In the meantime, investors can clip at 1.3% dividend yield.While IYJ isn't the cheapest ETF in the world -- at 0.43% or $43 per $10,000 invested in expenses -- it's certainly not high-priced. And with a strong performance and breadth of holdings, it could be a great way to play all the industrial stocks out there.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post The 5 Best Industrial Stocks to Buy Today appeared first on InvestorPlace.
The following are not Dogs of the Dow stocks in 2019, but risky looking price charts hint at looming dogged price action in 3M (NYSE:MMM), Caterpillar (NYSE:CAT) and Apple (NASDAQ:AAPL). And the always real possibility of these companies making that list next year is a strong reason to short MMM, CAT and AAPL stock today.Dow Jones stocks sometimes go up and at other times, they go down. Mostly these days, it happens to be the case the bulk of these blue-chips go up. For its part the bellwether average is up nearly 15% on the year and roughly 1% removed from its recent all-time-highs.At the same time, leading Dow constituents Microsoft (NASDAQ:MSFT), Cisco Systems (NASDAQ:CSCO), American Express (NYSE:APX) and Visa (NYSE:V) are up roughly 30% to 35% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe gains are certainly nice, as are AAPL stock's own outperformance of nearly 27%. Still, what goes up does eventually go down. And CAT stock's relative under-performance of 5% and MMM stock's decline of nearly 13.50% are testaments of this cyclical certainty. And if the price charts allow, sometimes investors are even offered a well-placed short stock opportunity. * 10 Stocks to Buy on College Students' Radars With that in mind, MMM, CAT and AAPL stock are in this technically perilous situation right now and ready for shorting. And if today's bearish price patterns behave really dogged in 2019's second half, these three shorts might even land on next year's yield-driven Dogs of the Dow list for buying. 3M (MMM) Click to Enlarge3M is our first bearish Dow Jones stock to short. MMM stock is the worst performer of today's three names. And right now, the chart is offering a good entry point to profit from continued weakness.The weekly chart points to MMM stock following through on the downside out of a bearish flag. The pattern has formed inside a former support area comprised of key Fibonacci levels which failed this past spring and have turned into staunch resistance.The MMM Stock TradeWith shares already confirming the pivot high within the bear flag and stochastics forming a bearish crossover from neutral levels, MMM stock looks like a short today. I'd suggest a stop loss of 8% to contain potential losses and smartly exit if resistance is overcome. Optimistically though, a profitable trend for bears could put shares back toward the 2016 lows near $125. Caterpillar (CAT) Click to EnlargeCaterpillar is our next Dow Jones stock to short. CAT stock is already showing relative weakness this year. But if a weekly price chart showing lower highs and a couple bullish trend failures since late last year have any say, conditions are going to get worse.Bearish operators also have a nice spot to short this Dow Jones stock with limited risk and potentially outsized rewards. Following June's rally, shares have formed a pivot top within a countertrend rally against resistance.The CAT Stock TradeMy recommended strategy in CAT stock is to wait on a short through last week's topping candle low of $133.22. That price confirmation should also help a stochastics set-up that's currently on the cusp of turning lower and signaling a bearish crossover. * 10 Best Stocks for 2019: A Volatile First Half For this Dow Jones stock short I'd suggest a 9% stop and size the position accordingly. Similar to MMM stock, this exit limits losses and closes the position if pattern resistance fails. On the downside, I'd look to take partial and much larger profits on a test of last year's corrective low near $110. Apple (AAPL)Apple is our third and final Dow Jones stock to short. AAPL stock's gains this year are nothing to sneeze at, but a second lower high pivot on the weekly view doesn't look good. And with price action set against a former trend line, the current cycle's 76% resistance level and a mostly favorable-looking stochastics position, an AAPL short looks even better.The AAPL Stock TradeWith Apple stock confirming a pivot high this week as shares moved through $200.65, shares could be shorted today while using a stop-loss above the pattern's candlestick high of $205.08.But I'd wait.Since this Dow stock finished Tuesday modestly above the short signal price, I like placing Apple shares on the radar for shorting on a bearish re-cross of $200.65 for additional confirmation. The entry is also contingent on last week's high remaining intact and of course, using it for keeping risk well-managed off and on the price chart.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 3 Technically Fragile Dow Stocks to Short appeared first on InvestorPlace.
When I'm vetting stocks to add to my long-term holdings, I have to think very differently than I do when I'm swing trading or scalping.For one thing, I commit to blocking out the noise and focusing on the company's long-term viability; moreover, I look at its dividend as a sign that the company is in good health and likes to reward loyal shareholders.Source: Shutterstock Besides being a long-standing Dow Jones component, 3M Company (NYSE:MMM) offers a compelling 3.31% dividend yield; that's not too bad at all. That alone wouldn't be enough to convince me to buy 3M stock, though, so I have to weigh a multitude of other factors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy for the Second Half of 2019 3M Stock Price Is NiceTo begin with, the 3M stock price is closer to its 52-week low of $159.32 than its 52-week high of $219.75. Some traders might view that as a red flag, but I'm a contrarian by nature, especially when I'm thinking about the long-term outlook of a stock. In the case of 3M stock, I really like the idea of accumulating shares at the current valuation and collecting dividends until the price reclaims its previous 52-week high.If your broker has granted you permission to trade options - and if you have enough free capital in your brokerage account to buy 100 shares of MMM stock - you could collect what I call a "second dividend" by purchasing 100 MMM shares and selling an at-the-money covered call option. Between the premium payment you'll collect and the quarterly dividend payments, you could actually earn some meaningful income even if 3M stock price stays relatively flat. Analysts Like 3M StockI'm not one to blindly follow analysts' price targets, but I'll generally give more credence to the research firms than the retail crowd because the firms have better research and analysis tools at their disposal. Concerning 3M stock, the average 12-month price target among brokerages that have issued a report on it in the last year is $188.33, indicating an upbeat outlook overall.Citigroup's price target of $221 on 3M stock is particularly optimistic, while Gorden Haskett's $191.98 price objective is also fairly ambitious. The insider buying activity of 3M Director Gregory R. Page, who recently purchased 1,000 shares and is currently the owner of 4,000 shares of the company, is also a positive sign in my humble opinion. You Take the Good, You Take the BadCritics of the company were quick to cite 3M's disappointing first-quarter 2019 earnings report, which was released on April 25. But I'm encouraged by the fact that 3M CEO Mike Roman openly acknowledged that the company's adjusted Q1 EPS of $2.23 versus last year's $2.50 (a drop of 10.8% year-over-year) was disappointing.Beyond just admitting the problem, Roman cited 3M's plan to rectify the company's short-term issues:We have stepped up additional actions - including restructuring - to drive productivity, reduce costs, and increase cash flow as we manage through challenges in some of our end markets.Roman also detailed how 3M plans to reorganize itself in order to meet consumers' demands going forward:We recently implemented a significant portfolio realignment from five to four business groups, which will enable us to better serve our customers and global markets.And let's not ignore the good news: 3M's Q1 GAAP (Generally Accepted Accounting Principles) earnings came in at $1.51 per share, an astounding 54.1% YoY jump. Plus, 3M paid $830 million in dividends to the owners of 3M stock and repurchased $701 million shares of MMM stock during the quarter. For long-term investors like myself, robust dividends and share buybacks are signs that a company is in good health and confident in its own fiscal future. The Bottom Line on 3M StockThe critics will always be able to find something to complain about, but when I look at 3M, I see a Dow stalwart with a solid plan and the potential to beat Q2 expectations; moreover, the compelling 3M stock price and its generous dividend payouts complete the picture of a stock that's earned my seal of approval.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 3M Stock Is More Than Just a Dividend Darling appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") assigned a B3 corporate family rating and B3-PD probability of default rating to PHM Netherlands Midco B.V., doing business as Loparex. Moody's also assigned a B2 rating to the $50 million five-year revolving facility, a B2 rating to the $390 million seven-year term loan, and a Caa2 rating to the $160 million second lien term loan.
If not for some bullish tidings in the technology sector, the largest sector weight in the S&P 500, today's losses likely would have been more substantial. As it was, the Nasdaq Composite, which closed higher by 0.54% was the only one of the major U.S. benchmarks to close higher today.Source: Shutterstock The S&P 500 added 0.12%, averting a third consecutive day of declines while the Dow Jones Industrial Average lost 0.08%. Overall, these were not bad losses by any stretch. But the recent scuffling by stocks indicates there is some level of importance around Federal Reserve Chairman Jerome Powell's congressional testimony, which kicks off tomorrow."Focus this week will be on Fed chief Jerome Powell's remarks at his two-day testimony before the Congress, starting Wednesday," reports Reuters. "Also due on Wednesday is the central bank's June policy meeting minutes."InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs has been noted in this space, market participants are pricing in the following Fed facts: no interest rate cut this month and no cuts totaling 50 basis points this year. Hope burns eternal for a rate reduction of 25 basis points, but Powell's two-day testimony and the June meeting minutes could indicate otherwise.In late trading, just 12 of the Dow's 30 components were in the green and none of that dozen had gains in excess of 1%. Tuesday's big winner was Merck (NYSE:MRK), which added 0.98% after the Food & Drug Administration (FDA) "accepted for review six supplemental Biologics License Applications (sBLAs) to update the dosing frequency for KEYTRUDA, Merck's anti-PD-1 therapy, to include an every-six-weeks (Q6W) dosing schedule option," according to a statement. * 10 Best Stocks for 2019: A Volatile First Half The company is seeking "KEYTRUDA indications in melanoma, classical Hodgkin lymphoma, primary mediastinal large B-cell lymphoma, gastric cancer, hepatocellular carcinoma and Merkel cell carcinoma," it said in the release. One More Ray of SunshineAgain, Dow winners were hard to come by Tuesday, but Cisco Systems (NASDAQ:CSCO) traded modestly higher after the company said it will acquire optical semiconductor maker Acacia Communications (NASDAQ:ACIA) for $2.6 billion in cash.Acacia's products "are designed to transform communications networks through improvements in performance, capacity and cost," according to Cisco.Cisco has one of the tidier balance sheets and one of the larger cash hoards in the technology sector, so it can easily absorb an acquisition of this size. Troublemakers on Dow Jones Today3M (NYSE:MMM), already one of the Dow's worst-performing components this year with a double-digit loss, was one of the index's worst offenders Tuesday, sinking 1.99% following an analyst downgrade. RBC Capital Markets cut its rating on 3M to "market perform" from "outperform" while slashing its price target on the industrial conglomerate to $176 from $207.Verizon (NYSE:VZ), which was one of the Dow's worst performers yesterday, continued that ominous trend today, shedding 1.52%. The stock's year-to-date gain has all but withered while shares of primary rival AT&T (NYSE:T) are higher by almost 18%. Bottom Line: Fed Help and EarningsPowell's aforementioned testimony could bring some near-term relief for stocks, particularly if a valid takeaway is that rate cuts are still on the table following the strong June jobs number. There are also some glimmers of hope, be they faint, on the earnings front."During the second quarter, analysts lowered earnings estimates for companies in the S&P 500 for the quarter. The Q2 bottom-up EPS estimate (which is an aggregation of the median EPS estimates of all the companies in the index for the second quarter) dropped by 2.6% (to $40.42 from $41.46) during this period," according to FactSet.As the research firm points out, "the average decline in the bottom-up EPS estimate during a quarter has been 3.3%."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post Dow Jones Today: Averting Catastrophe, but Nothing to Brag About appeared first on InvestorPlace.
The first 3M Open just finished several days ago, but tournament officials are already planning on how to make the second one even better. Next year, tournament organizer Hollis Cavner would like to see that number exceed 160,000 over the four days. "We're gonna turn that into a big party area with tons of tables, chairs and umbrellas," Cavner said.
The Dow Jones Industrial Average continues to fall away from its recent push towards the 27,000 level. Investors were taking a pause or looking for stocks to sell after Friday's strong job numbers called into question the likelihood of multiple Federal Reserve rate cuts this year. We will know more when Fed chairman Jerome Powell gives his semi-annual testimony to Congress starting on Wednesday.As a reminder, the economy added 224,000 new jobs in June as wages rose at a 3.1% annualized rate. Before the jobs report, the futures market had assigned a 26% chance of a 0.5% rate cut. Now, those odds are at zero. * 10 Best Stocks for 2019: A Volatile First Half Wall Street is also waiting for actual progress on the renewed U.S.-China trade talks, as well as indications that the troubles at Deutsche Bank (NYSE:DB) aren't signs of more systematic problems over in the Eurozone. In response, a number of mega-cap stocks are rolling over and look headed for further losses. Here are four stocks to sell or avoid:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks to Sell: 3M (MMM)3M (NYSE:MMM) shares are dropping hard and fast away from their 50-day moving average, closing back in on its late May lows in the wake of a downgrade from analysts at RBC Capital Markets -- echoing an earnings warning from German chemical maker BASF. The company is highly attuned to industrial activity globally, which is slowing.The company will next report results on July 25 before the bell. Analysts are looking for earnings of $2.10 per share on revenues of $8.1 billion. When the company last reported on April 25, earnings of $2.23 missed estimates by 27 cents on a 5% decline in revenues. Apache (APA)With energy prices drifting lower, Apache (NYSE:APA) is retesting its late May lows and looks set for a drop back to its late December lows near $24, which would be worth a loss of nearly 8% from here. The tensions in the Persian Gulf with Iran and a recommitment by OPEC+ to keep production low haven't been able to push energy prices back up -- weighing on the entire energy sector. * 7 A-Rated Stocks to Buy for the Rest of 2019 The company will next report results on July 31 after the close. Analysts are looking for earnings of 25 cents per share on revenues of $1.7 billion. When the company last reported on May 1, earnings of 10 cents per share missed estimates by two cents on a 6.4% decline in revenues. DuPont (DD)Shares of DuPont (NYSE:DD) are cutting back below their 50-day moving average, heading for a return to their May lows, which would be worth a loss of roughly 10% from here. This continues a downtrend that has been in play since January 2018, capping a loss of more than 30% overall.The company will next report results on Aug. 1 before the bell. Analysts are looking for earnings of 87 cents per share on revenues of $5.6 billion. When the company last reported on May 2, earnings of 84 cents per share missed estimates by a penny on an 8.7% decline in revenues. Fastenal (FAST)Shares of Fastenal (NASDAQ:FAST), which are directly tied to industrial activity via its sales of screws and other fasteners, is breaking down out of a three-month consolidation range in what looks like a return to its May lows. This comes as the 50-day moving average proves to be intractable resistance. A violation of the 200-day moving average would set up a fall all the way back to its December low.The company will next report results on July 11 before the bell. Analysts are looking for earnings of 37 cents per share on revenues of $1.4 billion. When the company last reported on April 11, earnings of 34 cents per share beat estimates by a penny on a 10.4% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 4 Stocks to Sell Now appeared first on InvestorPlace.
3M has hit a rough patch, facing new environmental liabilities at the same time that global economic growth is slowing. The concerns have driven the stock price down by more than 20% from its 52-week high.
3M shares shares traded lower Tuesday after analysts at RBC Capital Markets lowered their rating on the stock and investors reacted to a surprise profit warning from European industrial group BASF.
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.