3M Co (MMM)
$149.94 0.95 (0.64%)
4:09 EDT MMM Stock Quote Delayed 20 Minutes
Previous Close $148.99
Market Cap 89.02B
PE Ratio 22.21
Volume (Avg. Vol.) 262
Day's Range 148.99 - 148.99
52-Week Range 114.04 - 219.75
Dividend & Yield 5.26 (3.50%)
MMM Stock Predictions, Articles, and 3M Co News
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Not all blue-chip stocks are good to hold forever. These companies are struggling to cut costs and could fall further. Sell them now.
By David Moadel
Wednesday's big stock charts feature names that had encouraging recent news developments.
Over the past two days, leadership is being sourced from the names most severely punished in the coronavirus downturn, including airlines, casino and cruise line operators and hoteliers. The read-in is that investors are willing to wager that when the coronavirus issue subsides, there will be pent up demand to get out of the house and get back to enjoying life.
By Ian Cooper
It's tough to ignore 3M at triple bottom support. With plenty of patience, I strongly believe MMM stock can refill its bearish gap.
The coronavirus is providing a boost to certain segments of 3M's business. However, MMM stock doesn't look all that healthy.
MMM, LMT, FB and GOOGL are four good ways to fortify your portfolio ahead of the expected recession. All four provide much-needed strength and stability in an uncertain market.
As great as the medical side of 3M may be, it has many units in consumer and industrial markets that are shut-in by the coronavirus, keeping a lid on MMM stock right now.
March jobs data was bad, indicating the April and May reports could be worse, putting pressure on stocks to close the week.
MMM news for Friday has President Donald Trump invoking the Defense Protection Act against 3M (MMM) to acquire more face masks.
A new quarter begins, but it's the same old song for riskier assets as stocks tumbled, prompting concerns Q2 will be another rough patch.
3M has limited exposure to the battle against coronavirus, and its industrial manufacturing business is likely getting crushed, which makes MMM stock much less appealing.
Friday was a down day, but four of the past five have been up days for the Dow and it's worth pointing out that after one of the most rapid corrections/bear markets on record, plenty of bad news is already being consumed, but plenty of uncertainty lingers, too.
I haven’t been very enthusiastic about MMM stock primarily due to a lack of growth catalysts. However, that didn’t stop me from recommending the stock last July, suggesting its expected free cash flow generation made it a very attractive stock to hold.
These four dividend stocks are a good way to buy the dip with an added layer of security as they look likely to maintain or raise dividend payments no matter how bad things get.
Dow stocks wilted again Friday as GDP estimates grow increasingly dour and politicians offer up feeble stimulus ideas.
Goldman's GDP estimate calls for a record decline. 3M ups respiratory production. Here's what happened in the stock market today.
One way of looking at that scenario is that if 3M is one of the stocks currently piquing your interest, it could be worth waiting on because if history repeats, prices are likely to come in even more if a recession materializes.
3M supplies protective gear that customers need to fight off Covid-19, but that is only part of its business that will boost MMM stock.
From Market News Video
The Polish zloty erased morning losses on Wednesday afternoon as the central bank unexpectedly cut its benchmark rate to 0.5% from 1.0% to soften the economic impact of the coronavirus pandemic. Poland will also spend over 100 billion zlotys ($23.99 billion) to help companies survive the outbreak, Prime Minister Mateusz Morawiecki said. The spending brings total support for the Polish economy to 320-330 billion zlotys. The zloty was up 0.05% at 4.5340 versus the euro after the rate cut, outperforming its regional peers that were all easing. This was the second rate cut from the NBP in response to the pandemic. It cut its benchmark interest rate to 1.0% from 1.5% on March 17. The Czech and the Romanian central banks have also carried out emergency rate cuts to shore up economies hit hard by disruptions to supply chains and production halts. In the Czech Republic, the finance ministry sold a combined 28.5 billion crowns in bond auctions on Wednesday, traditionally a solid result but far less than the massive sales it has seen in the past few weeks at it ramps up borrowing. "It was to be expected, a little bit longer maturity today, plus lot of money to be invested was done so in past auctions," Komercni Banka trader Dalimil Vyskovsky said on the easing pace of sales. The ministry had added Wednesday's auctions to its issuance calendar only on Monday. Before today, it had sold 213 billion crowns in total in six bond and one treasury bill auctions. The Czech crown eased 0.18% and was trading at 27.230 to the euro while the Romanian leu was down 0.05% at 4.8357 versus the common currency. The Hungarian forint was down 0.57% on the day at 1244 GMT and traded at 359.54 versus the euro, following a 2% jump on Tuesday. The currency strengthened after the central bank unexpectedly raised its collateralised loan rates, both to 1.85% from 0.9%, on Tuesday and began a bond-buying programme along with a massive lending programme for companies. The bank kept its base rate and overnight deposit rate unchanged. Deputy Governor Marton Nagy said the National Bank of Hungary's (NBH) steps could lead to a flattening of the yield curve. "Yields on all tenors are up 2 or 3 basis points today, but I think that is not connected to the NBH's announcements and it is not specific to Hungary," an FI dealer in Budapest said. "We see a bit of a risk-off mood in Europe after the failed deal on eurobonds last night," he added, referring to a breakdown in EU negotiations over a coronavirus-rescue package late Tuesday. Stock indexes in the region were mixed. Budapest gained 1.8%, while Warsaw's stocks were down 1.2%. Prague's blue chip index was up by 0.25% and Bucharest was down 0.36%. CEE SNAPSHO AT MARKETS T 1444 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 EURCZK Czech 27.2300 27.1800 -0.18% -6.60% = crown EURHUF Hungary 359.540 357.500 -0.57% -7.90% = forint 0 0 EURPLN Polish 4.5340 4.5362 +0.05% -6.12% = zloty EURRON Romanian 4.8357 4.8334 -0.05% -0.98% = leu EURHRK Croatian 7.6240 7.6298 +0.08% -2.34% = kuna EURRSD Serbian 117.520 117.590 +0.06% +0.04% = dinar 0 0 Note: calculated from 1800 daily CET change Latest Previou Daily Change s close change in 2020 .PX Prague 822.40 820.330 +0.25% -26.28% 0 .BUX Budapest 33292.1 32715.7 +1.76% -27.76% 8 0 .WIG20 Warsaw 1584.11 1603.50 -1.21% -26.32% .BETI Buchares 7991.38 8020.15 -0.36% -19.90% t .SBITO Ljubljan 780.78 780.83 -0.01% -15.67% P a .CRBEX Zagreb 1581.98 1596.93 -0.94% -21.58% .BELEX Belgrade <.BELEX15 685.18 672.38 +1.90% -14.53% 15 > .SOFIX Sofia 432.12 433.39 -0.29% -23.94% Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year s CZ5YT= 5-year s CZ10YT s Poland PL2YT= 2-year s PL5YT= 5-year s PL10YT s FORWARD 3x6 6x9 9x12 3M interba nk Czech < 0.36 0.38 0.47 1.01 Rep PRIBOR=> Hungary < 1.43 1.48 1.48 1.10 BUBOR=> Poland < 0.59 0.43 0.39 1.17 WIBOR=> Note: are for ask prices FRA quotes (Additional reporting by Jason Hovet in Prague; Editing by Mark Potter and Nick Macfie)
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