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The spin-off of 3M Company's healthcare division into a separate entity, Solventum Corporation, marks a significant strategic shift for the conglomerate. It allows 3M to focus on its core industrial and consumer businesses while giving Solventum the independence to thrive in the healthcare and hospitality sectors. Solventum's debut on the New York Stock Exchange...
I am not a financial advisor. I have no idea what will happen next. I have currently not position in MMM. However, something feels strange. Is MMM going back to where it all started in early 1970ish towards below $5?
On March 29, 3M ( NYSE:MMM ) announced that the settlement agreement with US public water suppliers (PWS) to address the presence of per- and polyfluoroalkyl substances (PFAS) in drinking water has received final approval from the US District Court in Charleston, South Carolina. The now-finalized agreement will offer support to PWS that detect PFAS at any level or...
Fundamentals:
New CEO William Brown
Forward guidance for 2024 is positive.
Sales are moving forward in a positive trajectory.
It is not a super stock, but a cash flowed dividend payer.
Possible recover in the balance sheet of 3M since 2021.
Technicals:
Quarterly
3M has falling 50% from 2021 highs and has reached a critical quarterly support area.
Quarterly...
Industrial conglomerate 3M ( NYSE:MMM ) has made a strategic move by appointing Bill Brown, former CEO of L3Harris Technologies, as its next chief executive officer. The decision comes amidst a challenging period for 3M ( NYSE:MMM ) , marked by declining sales and the looming repercussions of several lawsuits. With 3M's ( NYSE:MMM ) shares rallying nearly 7%...
Hello
I found this trade idea today. Price has created a wave pattern, and has now retraced back to former resistance level. I calculated the intrinsic value of the stock and got a final intrinsic value of 190 usd. I am therfore looking to go long in this stock
3M broke out of the descending wedge and seems to be rejecting the retest to the downside, if we hold we should see a retest of 94-95, then a test to 107.
I'll try to keep things as simple as possible here.
Technicals: MMM seems to be a picture-perfect Elliott Wave Motive + Correction, as well as a 3-Month Perfected 9 TD Sequential bar. Potentially a good opportunity to buy or accumulate this stock. At least worth keeping an eye on.
Fundamentals: 3M is a very integrated entity when it comes to other industries...
3M after suffering a massive hit this last month, and over 98% completion of the 3M earplug settlement is now starting to signal buying opportunities with massive divergence. I am also performing analysis with ratios in a college level class and see alot of upside potential sand free cashflows coming this year. Best of luck this is not investing advice.
3M is ready to reverse.
A head and shoulders appeared on the 4-hour time frame.
I think now is a good time to trade long term.
Target 110 -120 USD
If we will above to 150-160 USD.
In a recent quarterly report, multinational conglomerate 3M ( NYSE:MMM ) showcased resilience in the face of challenges, beating earnings estimates for the fourth quarter of 2023. The maker of iconic products like Post-it notes and Scotch tape reported adjusted earnings of $2.42 per share, surpassing the Zacks Consensus Estimate of $2.31 per share. This marks a...
MMM has been demonstrating robust financial performance, with earnings for the last two quarters coming in at $7.7 billion and $7.9 billion respectively. Currently, the stock is trading at the lower edge of its upper trend channel, indicating a potential buying opportunity for investors. Key levels to watch include $102, $105, and $112, which could serve as...
3M had a decent earningsreport, however investors were not happy with the lack luster revnue forecast for 2024. Largest selloff since 2019. This opens up a great potential play. Short term fib retracement to .618, Has potential to keep moving to the downside. However some strong support at 93. And a bottom support of 85. Now for the upside potential. Looking at...
