|Bid||171.27 x 1100|
|Ask||171.47 x 800|
|Day's Range||167.25 - 171.99|
|52 Week Range||150.58 - 219.75|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||20.33|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||5.76 (3.50%)|
|1y Target Est||170.63|
The Dow and the Nasdaq looked set to post declines from last Friday's close. Of the 11 major sectors of the S&P 500, all but utilities were trading in positive territory, with energy , financials and trade-sensitive industrials enjoying the largest percentage gains.
The company is currently working with an adviser to run an auction process for the business, Bloomberg reported, adding that the business is likely to draw interest from private equity firms. 3M's drug delivery business, which manufacturers inhalers and skin patches, accounted for about 1.4% of the company's 2018 revenue of $32.77 billion.
Shares of 3M Co. ran up 3.8% in midday trading Friday, enough to pace the Dow Jones Industrial Average's gainers, after Bloomberg reported that the consumer and industrial products conglomerate is exploring the sale of its drug delivery systems business. 3M's stock price gain of $6.28 was adding about 43 points to the Dow, which was up 329 points. The Bloomberg report, which cited people with knowledge of the matter, said the drug delivery business, which makes inhalers, skin patches and microneedles, could be valued at about $1 billion. 3M's stock has lost 10.4% year to date, while the Dow has climbed 20.1%.
DOW UPDATE The Dow Jones Industrial Average is rallying Friday morning with shares of 3M and Goldman Sachs delivering strong returns for the blue-chip average. Shares of 3M (MMM) and Goldman Sachs (GS) have contributed around one third of the index's intraday rally, as the Dow (DJIA) was most recently trading 336 points higher (1.
DOW UPDATE Powered by positive momentum for shares of 3M and Chevron, the Dow Jones Industrial Average is trading up Friday morning. The Dow (DJIA) is trading 266 points, or 1.0%, higher, as shares of 3M (MMM) and Chevron (CVX) have contributed to the blue-chip gauge's intraday rally.
DOW UPDATE The Dow Jones Industrial Average is falling Thursday afternoon with shares of 3M and Cisco facing the biggest setback for the index. The Dow (DJIA) was most recently trading 5 points, or 0.
DOW UPDATE Shares of 3M and Cisco are retreating Thursday morning, sending the Dow Jones Industrial Average into negative territory. Shares of 3M (MMM) and Cisco (CSCO) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 79 points, or 0.
Investors that have been actively engaged with the U.S.-China trade spat for the past several months know there aren't many certainties except that situations can turn on a dime. In other words, stocks can go from dismal days (yesterday) to excellent showings (today) rather rapidly. * The S&P 500 jumped 0.63% * The Dow Jones Industrial Average soared 0.53% * The Nasdaq Composite advanced 0.54% * Industrial conglomerate 3M (NYSE:MMM), a fairly trade-sensitive name, paced the Dow today, gaining about 1.2%On Tuesday, President Trump said a trade deal with China wasn't necessary until after the 2020 presidential election, exuding confidence he'll win a second term and that China needs a resolution much more than the U.S. That stoked speculation that both sides could proceed with punitive tariffs that would only serve to ratchet up hostilities. Wednesday brought a different, more sanguine story.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 of the Best-Performing Conglomerate Stocks of 2019 "Negotiators are getting near an agreement on the amount of tariff relief in a phase-one accord between the world's two largest economies. President Donald Trump said discussions with China are going very well, just a day after downplaying the urgency of a deal," reports Bloomberg.In other good news, U.S. oil inventories declined by more than analysts were expecting, helping Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest domestic oil companies, join the ranks of the Dow winners.No one, not even President Trump himself, knows what tomorrow will bring on the trade front, but today was the best day of December to this point as 25 of the 30 Dow members were higher in late trading. Diverting BlameAvid readers of this column know that Johnson & Johnson (NYSE:JNJ) has been in hot water for much of this year, disappointing investors along the way, due in large part to litigation risk, be it asbestos or opioid.The stock rallied 1.62% today, putting it in the upper echelon of Dow performers after JNJ said the Food and Drug Administration (FDA) was wrong when it said it found traces of asbestos in its popular baby powder."Our talc is safe and asbestos free, and these 150-plus tests, and the tests we routinely do to ensure the quality and safety of our talc-based products, are consistent with the results from renowned independent research labs over the past 40 years," said JNJ in a statement out Tuesday evening.The company did say that the previously announced recall of Lot 22318RB of Johnson's Baby Powder remains in effect. Speaking Of Healthcare…It was another solid day at the office for managed care provider UnitedHealth (NYSE:UNH) as the stock gained about 1%. An array of analysts were out today boosting price targets on UNH shares, including BMO Securities to $310, Credit Suisse to $320 and Piper Jaffray to $325. Even the average of those targets, which is just over $318, implies significant upside from the $280 area at which UNH currently resides. Careful With CiscoThere were a small amount of Dow Jones losers today, but Cisco Systems (NASDAQ:CSCO) was the worst offender in the group, shedding 0.88%. * The 7 Best Penny Stocks to Buy This old guard tech name has been tumbling for several months and with an almost 6% drop over the past month, the stock is very much in danger of turning red on the year. Bottom Line on the Dow Jones TodayTomorrow is a new day and with it comes the aforementioned potential for new headlines on the trade front, but some market observers believe President Trump's trade musings are minor blips on the radar and won't derail stocks this month."I do not believe that they will follow through with the December tariff," said Peter Boockvar, Bleakley Advisory Group's chief investment officer, said in an interview with CNBC. "If we do not have a [China trade] deal, I think they'll couch it and we're just postponing the tariffs … The administration knows how sensitive we are to the possibility of those extra tariffs particularly hitting the consumer."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Tech Stocks You Wish You'd Bought During 2019 * 5 Under-the-Radar Marijuana Stocks With Over 100% Upside * Watch These 5 STARS Stocks as They Change the Future The post Dow Jones Today: A Trade Redemption Story appeared first on InvestorPlace.
DOW UPDATE The Dow Jones Industrial Average is trading up Wednesday morning with shares of Dow Inc. and Johnson & Johnson leading the way for the price-weighted average. Shares of Dow Inc. (DOW) and Johnson & Johnson (JNJ) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 171 points (0.
Have you ever wondered why Southwest Airlines has the ticker LUV? Harley-Davidson motorcycles have been referred to as “hogs” for years. A member of the Wrecking Crew, Ray Weishaar, got a pet piglet that was adopted as the team mascot.
3M announces new 2025 Sustainability Goal: Provide 300,000 work hours of skills-based volunteerism by 3M employees to improve lives around the world.
Minnesota Vikings tight end Kyle Rudolph, 3M and the 3M Open have teamed up to design a pair of one-of-a-kind cleats for NFL campaign.
It’s time to comb through your portfolio and decide what to do with the year’s losers. Parting with these laggards could save you more disappointment later.