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Conglomerate

✨ NEW: 3M (MMM) ✨ Swing/Position Trade ✨SLO @ 124.50 ⏳ TP1 @ 85.20 TP2 @ 60.00 BLO @ 52.80 ⏳ ADDITIONAL INFO: Based on the fundamental analysis below, I'm anticipating a swing to the upside before price action returns to the downside and continues to drop toward Demand (75D). Once we reach Demand @ ~52.80, I'll hold this equity as a Position Trade up to Major Resistance @ ~175.75. COMPANY REVIEW: 3M makes for a great investment because it is a diversified technology company that produces a wide range of products, including adhesives, abrasives, coatings, electronic materials, industrial tapes, medical supplies, and more. The company has a strong track record of innovation and growth, and it is one of the largest and most respected companies in the world. 3M has announced plans to invest $1 billion in research and development over the next five years. This investment will help the company to develop new products and technologies that will drive future growth. FINANCIAL PERFORMANCE: 3M has consistently generated strong financial results over the past few years. In the most recent fiscal year, the company reported revenue of $33.8 billion and earnings per share of $10.33. 3M's return on equity (ROE) is 36.1%, which is significantly higher than the average for the S&P 500 index. 3M's stock price has been on the rise in recent months. The stock price has increased by over 20% in the past year. This is likely due to a number of factors, including the company's strong financial performance, its positive outlook for the future, and the previously low interest rates environment. VALUATION: 3M's stock is currently trading at a price-to-earnings ratio (P/E) of 10.1. This is below the average P/E ratio for the S&P 500 index, which is 15.7. This suggests that 3M stock may be undervalued. DIVIDENDS: 3M is a dividend-paying company. The company has increased its dividend for 60 consecutive years, which is a testament to its strong financial performance. The current dividend yield is 6.19%, which is higher than the average dividend yield for the S&P 500 index. RISKS: There are some risks associated with investing in 3M stock. (1) The company faces competition from other global manufacturers, (2) it is also exposed to economic downturns related to the technology sector, and (3) the raised interest rates, by the Feds, opposed to 3M's stock price. When interest rates are increased, investors are more likely to lessen their investment in stocks, However, 3M has a strong track record of innovation and growth, which should help it to mitigate these risks. However, it is important to do your own research before making any investment decisions. You should consider your own financial situation and risk tolerance before investing in any stock.
NYSE:MMM
by ProfessorCEWard
PG.... Sad Story but meeting support? I don't follow this stock and it was a friend of mine who pointed it out to me. There is a massive amount of pain in this stock chart. First off, you had a bad, bad break of the 200 day moving average all the way back on January 23rd. If you were watching the charts, this should have been a pretty good signal that something was up with the stock. You also had above average volume coming in confirming that this move was most likely meaningful. The second warning shot was the death cross that happened on February 8th. Today's bloodbath on top of the recent months of selling has taken this puppy all the way back to the levels it was at in January 2016. Ouch If you take this all the way back to 2009 and draw a best fit line, today's prices stopped to meet this trendline support. I would have to hope that the pain is in the past for PG and maybe this is a capitulation "wash out." If it breaks this line.... then "adios amigo." How far it goes, how long it lasts.... nobody knows.
NYSE:PG
by themuzzman