|Bid||0.00 x 700|
|Ask||0.00 x 8500|
|Day's Range||4,070.80 - 4,070.80|
|52 Week Range||3,633.60 - 4,811.00|
|PE Ratio (TTM)||563.20|
|Forward Dividend & Yield||104.51 (2.56%)|
|1y Target Est||N/A|
DEEP DIVE On a mixed day for U.S. stocks, the Dow Jones Industrial Average hit another new closing record Friday. The Dow was up 0.3% on Friday and 2.3% for the week to close at 27,743.50 points. The S&P 500 Index (SPX) was little changed Friday and up 3.
While the Dow Jones Industrial Average spikes to a record this week, with its biggest weekly point gain in 3 1/2 months, Apple Inc.'s stock is the only Dow component that has lost ground. Apple's stock has lost $5.32, or 2.4%, this week, to shave about 36 points off the Dow's price. The dow has run up 577 points this week, the best weekly point performance since it soared 681 points the week ending June 8. The biggest contributors to the Dow's gain this week have been shares of Caterillar Inc. , which have run up $12.06, or 8.3%, this week to add 82 points to the Dow, and Boeing Co. , which have hiked up $11.78, or 3.3%, provide an 80-point boost to the Dow. 3M Co.'s stock was the third-biggest contributor, rising $8.73, or 4.2%, to provide a 59-point lift.
While the stock may not look cheap based on the Peter Lynch chart below, the stock is worth a look because it is showing some attractiveness. Warning! GuruFocus has detected 4 Warning Signs with RLGY. The share price was $215.27 at market close on Sept. 20, nearly 113% higher than the Peter Lynch earnings line.
DEEP DIVE The Dow Jones Industrial Average (DJIA) rose to an intraday high Thursday, closing with a 1% gain. The S&P 500 Index (SPX) was up 0.8% after setting another intraday record, following the latest round of good economic news.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.
A press release from Caterpillar (CAT) on September 14 said that the company was included in the 2018 DJSI (Dow Jones Sustainability Index)—the company’s 19th appearance in the index. The DJSI considers economic, climate change mitigation, environment, social performance, good labor practices, and other parameters.
On September 13, 3M (MMM) announced that it was included in the 2018 DJSI (Dow Jones Sustainability Index) for the 19th consecutive time. The DJSI considers economic, climate change mitigation, environment, social performance, good labor practices, and other parameters.
This weekend's Barron's discusses how the insurance industry is likely to ride out Hurricane Florence. Other featured articles examine the prospects for a bottle maker in a slump and an industrial giant worth a closer look. Also, a board of directors that was slow to act and how big iPhone news got upstaged.
Although global economic activity has improved throughout 2018, shares of industrial giant 3M (NYSE:MMM) have actually struggled. 3M stock took another leg lower recently after management warned of yet another headwind investors should watch out for: rising costs. Speaking at a conference, 3M’s management warned that raw materials prices were rising faster than expected.
Over the past 10 years 3M Company (NYSE:MMM) has returned an average of 3.0% per year from dividend payouts. The company is currently worth US$124.23b, and now yields roughly 2.6%.Read More...
3M has been selected for inclusion in the 2018 Dow Jones Sustainability Index (DJSI) marking the 19th year the company has been recognized for its purpose-driven business. 3M has a long-standing commitment to Sustainability from the Pollution Prevention Pays program that began in 1975 to 3M’s 2025 Sustainability goals that include water, climate, and energy targets. “Our commitment to helping solve global challenges is at the core of everything we do at 3M,” says Gayle Schueller, Chief Sustainability Officer and Vice President, Sustainability and Product Stewardship.
Industrial stocks have been in rally mode since the beginning of July with the Industrial Select Sector SPDR ETF ( XLI) rising more than 9 percent, topping the S&P 500. Now, shares of some industrials such as Boeing Co. ( BA), 3M Co. ( MMM ), and Caterpillar Inc. ( CAT), are breaking out this week and have the potential to rise between 5 and 9 percent. Caterpillar strongly illustrates this trend.
In the first quarter, General Electric seemed confident about achieving the industrial free cash flow target of $6.0 billion to $7.0 billion in 2018. On the second quarter earnings call, the Boston-headquartered industrial giant announced it would cut its free cash flow guidance to $6.0 billion. Moody’s senior credit officer, Rene Lipsch, said, “GE’s revised free cash flow guidance of about $6 billion is broadly in line with our expectation for 2018, but underlines that GE is only at the outset of a multi-year effort to improve its fundamental financial performance.
On September 7, US industrial conglomerate General Electric (GE) declared a quarterly cash dividend of $0.12 per share on its common stock outstanding. The dividend is payable October 25 to shareholders of record at the close of business on September 17. The ex-dividend date is September 14. The jet engine manufacturer has ~8.70 billion equity shares outstanding as of September 7. A dividend of $0.12 per share results in a cash outlay of $1.04 billion.
As we discussed in Part 1 of this series, unfinished planes have prevented Boeing from delivering finished aircraft to its customers. Accordingly, Boeing expects lower deliveries in the third quarter. According to Boeing’s latest guidance, it expects to deliver 810–815 commercial aircraft in 2018.
On September 5, 3M (MMM) introduced the enhanced version of Emphaze, a hybrid purifier used in biopharmaceutical manufacturing. The new purifier helps reduce cell debris to improve the downstream process. The new Emphaze capsules are sterilization and sanitization compatible, and they can be used across various biopharmaceutical processes.
The Boeing Company (BA) held its annual investor day for 2018 on September 5. In a change of tradition, Boeing decided against webcasting the management’s question-and-answer session, reserving its investor day for a small group of analysts. Although Boeing (BA) is continuously ramping up production of its aircraft, its suppliers have failed to catch up.
GE aviation partner Safran significantly boosted its full-year outlook after reporting strong results for the first half of 2018, lifting hopes for the next-generation Leap engine.
GE Power faces more pain as General Electric appears to be losing market share in a further slumping power market, a Wall Street analyst warned.
50-plus years of dividend hikes is an astounding feat. Here are five stocks that have achieved this that you should be buying or watching.
The Dow Jones Industrial Average was slashing its losses in late-Tuesday trade, but declines in shares of Nike Inc. and 3M Co., were keeping the blue-chip gauge in the red. The Dow (DJIA) was down 11 points, or less than 0.1%, at 25,952, with shares of Nike (NKE) and 3M (MMM) contributing the lion's share of the index's intraday fall. Nike's stock had been under pressure for most of the session amid the debut of a controversial ad campaign featuring Colin Kaepernick, the National Football League quarterback who led national-anthem protests.