|Bid||168.40 x 1000|
|Ask||169.15 x 1200|
|Day's Range||168.08 - 171.12|
|52 Week Range||150.58 - 219.75|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||20.02|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||5.76 (3.42%)|
|1y Target Est||169.38|
The divestment of 3M's (MMM) drug delivery business will enable the company to focus more on core health care business. This will also lead to a gain of 45 cents to 50 cents per share.
In particular, the investor interest in quality can be seen via the iShares Edge MSCI USA Quality Factor ETF (QUAL) . As the uncertainty of a U.S.-China trade deal was settling in, investors may have been looking to the quality factor as a safe haven against a potential market downturn. “Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Edge MSCI USA Quality Factor ETF (QUAL) where we have detected an approximate $138.2 million dollar inflow -- that's a 0.9% increase week over week in outstanding units (from 154,700,000 to 156,100,000),” a Nasdaq report noted.
DOW UPDATE Shares of UnitedHealth and Apple Inc. are posting strong returns Friday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of UnitedHealth (UNH) and Apple Inc.
3M Co. has agreed to sell its drug delivery business to Altaris Capital Partners, the companies announced Thursday. The deal is worth $650 million; 3M will retain a 17 percent stake.
Dividend investors usually focus on companies that have a long track record of increasing their dividends year after year. The companies with at least 25 years of consecutive dividend increases are especially favored by income oriented investors. This is actually not a bad idea as long as these companies continue to increase dividends. However, when […]
Industrial conglomerate 3M Co said on Thursday it would sell its drug delivery business to investment firm Altaris Capital Partners LLC for about $650 million as part of its plan to shed non-core assets. The company said it would retain its transdermal drug delivery components business. "This transaction will allow us to focus more resources on our core health care business as well as retain a share in the value of the drug delivery business as it grows over the coming years" Chief Executive Officer Michael Roman said.
3M today announced that it has entered into an agreement to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC. Subject to closing and other adjustments, 3M will receive approximately $650 million in total consideration, including cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company.
U.S. stocks closed lower on Tuesday amid investors??? concern over a partial trade deal as the dateline for fresh U.S. tariff on China will end by this week end.
No news is good news for Wall Street and Dow stocks in particular on Monday, with a lack of trade headlines giving traders a rest ahead of policy meetings from the Federal Reserve and the European Central Bank later this week.Also, there is a big self-imposed trade deadline this weekend, so some type of positive progress is widely expected heading into the Christmas break -- even if its a small "Phase 1" trade deal -- to avoid the next round of U.S. tariffs going into effect. * 7 Energy Stocks That Are Still Worth Buying In 2020 A number of Dow Jones Industrial Average components are perking up in this environment, apparently pricing in a positive resolution to the trade standoff. Here are five worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (AAPL)Source: Chart courtesy of StockCharts.comWith its new AirPods Pro one of the hottest Christmas gifts this season, and with steady demand for its refreshed iPhone and iPad lineups, Apple (NASDAQ:AAPL) is sitting pretty on the hardware front as the holiday shopping season rolls on. Shares are consolidating their recent push to new record highs, rising above the $270-a-share level for the first time on Friday. Citigroup analysts recently raised their price target to $300.AAPL will next repot results on Jan. 28, with analysts looking for earnings of $4.38 per share on revenues of $86.2 billion. McDonalds (MCD)Source: Chart courtesy of StockCharts.comShares of McDonalds (NYSE:MCD) are finally stabilizing after the chaotic loss of its former CEO on allegations of an inappropriate relationship with a colleague. The stock price is starting to emerge out of a three-month consolidation range and looks set for a rally up and over its 50-day and 200-day moving averages. Telsey Advisory Group notes that the company's test kitchen is putting the finishing touches on a new Crispy Chicken sandwich to take the fight to Chick-fil-A. * 7 Hot Stocks for 2020's Big Trends The company will next report results on Jan. 29 before the bell. Analysts are looking for earnings of $1.96 per share on revenues of $5.3 billion. American Express (AXP)Source: Chart courtesy of StockCharts.comAmerican Express (NYSE:AXP) shares look ready to exit a four-month downtrend pattern after finding support multiple times near its 200-day moving average. Watch for a return to the prior highs set in July, which would be worth a gain of nearly 7% from here. Card spending and membership growth has been strong, including a renewal of a co-branded card deal with Delta (NYSE:DAL).The company will next report results on Jan. 16 before the bell. Analysts are looking for earnings of $2.02 per share on revenues of $11.4 billion. Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) shares have drifted down to the bottom of its long sideways trading pattern, setting up a rally back to the upper end near $390 that would be worth a gain of more than 10% from here as the company races to get the 737 MAX back in the air. This sideways pattern has persisted since early 2018 following an epic 4x rally from the lows seen in early 2016. * 7 Exciting Biotech Stocks to Buy Now The company will next report results on Jan. 29 before the bell. Analysts are looking for earnings of $2.19 per share on revenues of $21.6 billion. 3M (MMM)Source: Chart courtesy of StockCharts.com3M (NYSE:MMM) shares look ready to emerge from a nine-month downtrend pattern with a move above its 200-day average after spending the last three months holding above its 50-day average.The company will next report results on Jan. 28 before the bell. Analysts are looking for earnings of $2.10 per share on revenues of $8.1 billion. Prior quarter results have been weighed down by economic headwinds in China. A Phase 1 trade deal could result in a big bid in all China and industrial-related stocks, including 3M. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post 5 Dow Jones Industrial Average Stocks to Buy Ready to Rally appeared first on InvestorPlace.
Industrial conglomerate which brought the world Post-It-Notes, 3M Inc (NYSE: MMM ) is suffering due to consequences of the trade war between US and China. Besides scotch-tapes, the company also has a ...
Shares of 3M Co. are off 1% in morning trading Monday after Citi Research analyst Andrew Kaplowitz downgraded the stock to neutral from buy. "While we think MMM's shorter-cycle end markets could be closer to a bottom and execution seems poised to improve, growing PFAS-litigation related risks could be a lingering overhang that prevents a re-rating to its former premium multiple," he wrote, referring to perfluoroalkyl and polyfluoroalkyl substances. "Given that the science relative to PFAS's actual impact on human health remains not well understood and given that PFAS related litigation is still, in many cases, in the relatively early stages, MMM's ultimate liability remains difficult to quantify." The stock has dropped 10% so far this year, as the Dow Jones Industrial Average has risen 20%.
2019 was already a horrible, no-good, very bad year for the industrial conglomerate (MMM) Citigroup analyst Andrew Kaplowitz added a bit more unfavorable news, downgrading the stock to Hold from the equivalent of Buy because of uncertainty over 3M’s environmental liabilities. 3M (ticker: MMM) is setting aside money to clean up sites that produced a group of chemicals—referred to as PFAS—that can now be found in drinking water around the places where the chemicals were manufactured. “We simply see little in the way of near-term catalysts that could drive [3M] back to its historical [valuation] premium until more certainty relative to [the company’s] PFAS-related liability emerges,” wrote Kaplowitz in a Monday research report.
Investing.com - Dow component 3M (NYSE:MMM) slid in midday trading Monday following a sell-side downgrade citing litigation overhang concerns over perfluoroalkyl and polyfluoroalkyl substances (PFAS).
The November jobs report delivered today before the opening bell brought some holiday cheer and that was enough to send stocks soaring to close the week as the major equity benchmarks closed higher for a third consecutive day.Source: Provided by Finviz * The S&P 500 surged 0.91% * The Dow Jones Industrial Average rallied 1.22% * The Nasdaq Composite soared 1% * For the second time this week, industrial 3M (NYSE:MMM) was the Dow's daily leader, advancing 4.32% on news of an asset saleThe Labor Department said the U.S. economy added 266,000 new jobs last month, while the October number was revised higher to 156,000. Economists were expecting the addition of 180,000 jobs in November.Alright, so let's assume there are naysayers out there and there probably are. They'll say, and they're not wrong, that November report was aided by 41,000 General Motors (NYSE:GM) employees heading back to work, seasonal hiring for the holiday shopping season and census hiring. All true, but even combined, those factors likely didn't account for 266,000 jobs in a single month.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks for 2020's Big Trends Moreover, the unemployment rate dipped to a 50-year low of 3.9% while wages rose 3.1%. Some investors may be apt to look for the political implications of these numbers and there are undoubtedly some, but these numbers also reveal that near-term downside for stocks may be limited and that's obviously good news.In late trading, 27 of the Dow's 30 components were in the green and of the three losers, downside was limited. UnitedHealth (NYSE:UNH) was the Dow's worst performer today, but its Friday loss was modest and that stock has been on a tear of late. 3M RenaissanceIndustrial conglomerate 3M is one of the Dow's worst-performing names this year and it will take a miracle, Christmas or otherwise, for the shares to finish the year flat. A 13.70% year-to-date loss is difficult to overcome with not many trading days left in the year.However, 3M did give investors reasons to cheer today as it paced the Dow on rumors that the company is mulling a sale of its drug delivery systems unit, which could command $1 billion. That's not jaw-dropping news for a $95 billion company, so the stock's move today was likely more attributable to the jobs report and news that China is planning to waive some tariffs on U.S. commodities imports.That's relevant to 3M because the stock is trade sensitive and with China showing a gesture of good faith, President Trump may decide to back off of tariffs slated to go into effect on Dec. 15. Consumer CheerThe aforementioned jobs report wasn't the only cheery piece of economic data out today. The University of Michigan's preliminary sentiment index for December jumped to 99.2 from from 96.8 last month. An interesting element of that report is that respondents were divided along partisan lines with Republicans feeling good while sentiment among Democrats declined.Politics aside, the Dow's three consumer discretionary names -- Home Depot (NYSE:HD), McDonald's (NYSE:MCD) and Nike (NYSE:NKE) -- all closed higher. Underscoring the strength in that trio, McDonald's was the worst performer today, adding about half a percent.Keeping with theme of consumer strength, Walmart (NYSE:WMT), the largest domestic retailer, meaning it's highly levered to the jobs and consumer sentiment data points, added 0.94%. Disney DividendWalt Disney (NYSE:DIS) announced a modest dividend increase, saying its payout for fiscal 2019 will be $1.76 a share, up from $1.72 in fiscal 2018. That works out to 88 cents per share on a semi-annual basis. * 10 Stocks That Should Be Every Young Investor's First Choice "This has been a monumental year for The Walt Disney Company, marked by the launch of our new streaming service Disney+ and the completion of our acquisition of 21st Century Fox," said Disney CEO Bob Iger in a statement. "We are pleased to deliver another substantial dividend to shareholders as we continue to invest in the company's future." Bottom Line on the Dow Jones TodayFor those addicted to Federal Reserve rate cuts, today's data points weren't good news, but that's good news for the rest of the market. Sure, November's pace of job creation will be difficult to maintain, but even it remains simply "strong," the Fed won't be compelled to trim rates again anytime soon."We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our outlook of moderate economic growth, a strong labor market and stable inflation," said Fed Chairman Jerome Powell in Congressional testimony last month. "There is nothing in the November jobs report would seem to undermine that view."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 * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post Dow Jones Today: Jobs Jubilee Sends Stocks Soaring appeared first on InvestorPlace.
Wall Street is in Santa Claus rally mode at the end of the week. But will it be another and more bearish December to remember? One thing is for certain, blue-chip stocks 3M (NYSE:MMM), ExxonMobil (NYSE:XOM) and Home Depot (NYSE:HD) are showing technical signs that admired income streams will be trumped by capital gains for bearishly positioned investors.Let me explain.Wall Street is breathing much easier at the end of the trading week. Following a bearish opening act after POTUS took aim at China and the E.U. and a back-and-forth NATO summit provided market volatility but finished empty handed, investors are cheering Friday's jobs data. For its part, the Dow Industrials with its cadre of blue-chips is up roughly 1% and off fractionally for the five-day period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors are also finding strength from a "calmer tone on trade" and perhaps motivated by seasonal bullish tendencies. The fact is it has been a solid 2019 and window dressing those gains could be in full-force this season. Still, there's always the chance the market could see a repeat performance more in keeping with last year's memorably bearish December. * 7 Hot Stocks for 2020's Big Trends At the end of the day, historical patterns such as a Santa Claus rally are nice to consider. But as we've seen, those leanings are far from ironclad opportunities. And with uncertainty surrounding Dec. 15 when a new round of tariffs on Chinese imports are set to begin, the chance for other bearish drivers to emerge or maybe reawakened concerns to rear their ugly head, it's a good time to keep some blue-chips on the radar for shorting. Blue-Chip Stocks to Short: 3M (MMM)Source: Charts by TradingView3M is the first of our stocks to short. As of this writing, this blue-chip stock is the Dow Industrial's biggest dog with its year-to-date loss of nearly 14%. Income-oriented investors might see this weakness coupled with a dividend of 3.45% as an opportunity. But I don't buy it. I see MMM's bearish patterns and overhead resistance as keeping shares in a shortable position.MMM Stock Strategy: Short this blue-chip stock if shares can break beneath the low of the November topping candle for a second time. One caveat is to make sure this price action is accompanied by a bearish stochastics crossover. It may mean shorting at a lower price in MMM stock, but it's worth the confirmation given what's been stated.Look to support near $133 - $140 for taking initial profits in 3M shares. Likewise, respect pattern resistance for exiting this blue-chip stock if necessary. ExxonMobil (XOM) Source: Charts by TradingViewExxonMobil is the next of our stocks to short. This blue-chip stock isn't in the same dog house as MMM, but XOM has been a definite laggard with its flat-line, year-to-date performance. And the price chart is telling me the worst is yet to come.Here, I'm focused on a broadening pattern top to complete in conjunction with a test of the 62% level. And as XOM stock wrestles with a breach of its long-term trendline and a bearish crossover of the weekly stochastics, there are good indications $60 - $62 will come into play. * 10 Stocks That Should Be Every Young Investor's First Choice XOM Stock Strategy: For this blue-chip stock I'd recommend shorting shares beneath this week's opening price of $68.50. From there, the aforementioned support area is where bearish traders should look to take profits. As important, since this is XOM stock's fourth stab at rejecting technical trendline support, there's not a whole lot of margin for error. I'd allow a bit of wiggle room, but $71 to cut down losses makes sense off and on the price chart. Home Depot (HD) Source: Charts by TradingViewHome Depot is the last of our blue-chip stocks to short. Technically, all stocks face corrective periods and bearish cycles at one time or another. And right now, HD stock's monthly chart supports the argument that this phase is just beginning.Shares of HD have confirmed November's bearish engulfing candlestick as part of a larger broadening top pattern. The price action also has the backing of a bearish stochastics crossover. And with this blue chip still near the pattern's signal price and support significantly lower near $140 or worse, HD is a stock to short today.HD Stock Strategy: To accompany a short in HD stock, I'd recommend using the pattern top to contain exposure to greater losses if required. This poses stock risk of around 11%. It's slightly more than I'd typically allow in a name like Home Depot. However, given the pattern's prospect's and skewed risk-to-reward in favor of bearish positioning, it makes a strong case for your consideration.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 * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 3 Blue-Chip Stocks to Short appeared first on InvestorPlace.
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.