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MMM trade ideas

3m's N95 market's getting GUTTED by KN95 Chinese imports?3M's inability to deliver those large amounts of 95% rated respirators at a time when it was critically needed. This forced municipalities and essential worker facilities to source for masks elsewhere. China has HAPPILY filled that needed void with their KN95 respirator. 3m left a small space in the doorway and China has slipped right in, they produce these masks faster for less. So let's think about this, 29% of 3m's revenue comes from their safety and graphics segment. If China is cutting into 3m's respirator market what other safety equipment will they up-sell to these newly found customers, taking away further market share from the safety segment of 3m? I'll short to the bottom of the channel
NYSE:MMMShort
by streetgainer
1
MMM: Time for a Technical Breakout 1W (Jun. 09)X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel channel. - Prices have been creating constant lower highs and lower lows - This downtrend has been intact even before the Corona Virus (Covid-19) situation - Prices are currently trading below the 200 Simple Moving Average (SMA) - They have also been rejected by the Ichimoku cloud resistance twice. - The Relative Strength Index (RSI) is at neutral levels, and the Moving Average Convergence Divergence (MACD) has formed a golden cross, indicating potential bullish momentum - Should we see a breakout from the current price levels through the descending parallel channel, a potential reverse head and shoulders pattern may be intact - There are two price gaps both below and above the current price level, ranging from $!35 to $244. What We Believe For the short term, a break and close above the descending parallel channel is necessary for bullish confirmation. Then, a break of the Ichimoku cloud resistance - which we have failed to break through twice- is required for further bullish confirmation. Ultimately, a break and close above the 200 SMA would confirm a further rally up to $244, where the price gap remains for the weekly chart. Trade Safe.
NYSE:MMM
by XForceGlobal
1
3MMM Trade Idea - 9 June 2020 Looking into the current session, 3M Inc. (NYSE: MMM) shares are trading at $166.87, after a 2.65% increase. Moreover, over the past month, the stock went up by 12.36%, but in the past year, fell by 0.85%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. The stock is currently higher from its 52 week low by 46.32%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Specialty Industrial Machinery stocks, and capitalize on the lower share price observed over the year. The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. Depending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 25.06 in the Specialty Industrial Machinery industry, 3M Inc. has a lower P/E ratio of 19.08. Shareholders might be inclined to think that they might perform worse than its industry peers. It’s also possible that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.
NYSE:MMMLong
by mustaqim.mazuky
MMM - 3M s/r zonesHello traders, Description of the analysis: Main s/r zones for 3M shares. Currently on strong support from 2016, a very suitable opportunity in terms of technical analysis and volume distribution of the price. The dividend strenght will be attractive. 3M has an earnings payout ratio better than 29% of dividend stocks. MMM pays 46% of its operating cash flow as a dividend, which is better than 27% of dividend stocks and MMM pays 60% of its free cash flow as a dividend, which is better than 37% of dividend stocks (from Seekingalpha source). The situation is more than interesting for investment. Never invest in assets you don't understand, so invest and trade wisely and carefully. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:MMMLong
by Jacob_Kovarik
MMM; Has Coronavirus helped 3M enough to keep them above water?!MMM; Has Coronavirus helped 3M enough to keep them above water?! ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already! --- 1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously. 2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible. 3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear! 4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward. 5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
NYSE:MMM
by AlphaBotSystem
3M: $160 Short TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. I think realistically, 3M should have done well this quarter (given the time period we are in), but it looks like a potential resistance curve is breaking out and many people are expecting some sort of bearish pattern. That is why I'm setting with confidence a $160 short target, while expecting some long potential with medium risk hold.
NYSE:MMMShort
by gamer456148