Is MMM going back to where it all started in early 1970ish towarI 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?Shortby Joy_Bangla8
Analyzing 3M's PFAS Settlement: Impact on Stock PerformanceOn 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 may do so in the future, benefiting US-based PWS that provide drinking water to Americans across the country. The agreement was widely accepted and participated in by US PWS. As previously disclosed, 3M ( NYSE:MMM ) has recorded an accrual of $10.3 billion for this matter, which reflects the pre-tax present value of the expected payments over 13 years under the agreement. Payments under the agreement are scheduled to begin in the third quarter of 2024, provided there are no pending appeals of the final approval order. 3M ( NYSE:MMM ) also continues to actively engage in insurance recovery activities. In other news, Solventum celebrated its initial trading day as a publicly traded company on April 3. Solventum is a global healthcare leader with a diverse collection of strong, trusted, reputable brands and deep innovation capabilities; it is well positioned for success. It has a workforce of 22,000 employees led by CEO Bryan Hanson, CFO Wayde McMillan, and Board Chair Carrie Cox. Solventum offers solutions across four business segments – Medical Surgical, Dental Solutions, Health Information Systems, and Purification and Filtration. The company has a long heritage of creating innovative solutions that address its customers' most pressing issues related to patient care, efficient processes and workflow, and safety and accuracy standards. Solventum colleagues worldwide are united in their mission to enable better, smarter, safer healthcare to improve lives. For instance, Solventum products have been used in over two billion dental restoration procedures worldwide and are estimated to treat 1.6 million hard-to-heal wounds annually. Software solutions are used in many health systems worldwide, including over 75% of US hospitals, and membrane technology is currently utilized in more than 25 million life-saving dialysis treatments annually. By listening to healthcare providers and patients, Solventum will continue to seek new ways to achieve positive health outcomes and more efficient care. Solventum's CEO and members of the Solventum Leadership Team celebrated the company's first day as a publicly traded company by ringing the Opening Bell at the NYSE on April 3.Longby DEXWireNews4
3M (MMM) 50% Drop Buying OpportunityFundamentals: 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 engulfing candle pattern at support, engulfing the prior two quarters. Quarterly extreme indicator Quarterly exDiv1 a-b-c equal legs completion Monthly: October 2023 hammer with ending volume (d1a) Multiple bullish candle patterns March 2024 engulfing candle pattern with higher volume All above events at quarterly support Weekly: MACD above zero with chikou above prices Daily: Daily stage 3 with shallow pb pattern Longby Rocketman0
3M Shares Jump, As it Hires Outsider Bill Brown as CEOIndustrial 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% following the announcement, the company is banking on Brown's expertise to navigate through turbulent waters and drive transformative change. Embracing Change Amidst Turmoil: 3M's decision to bring in an external CEO signals a clear desire for change amidst challenging financial and stock market performance. Analysts view this move as a positive step forward, particularly as the company grapples with the fallout from lawsuits related to its earplugs and environmental contaminants known as "forever chemicals." Brown's appointment represents a strategic pivot for 3M, leveraging his track record of driving margin improvement and implementing bold strategic initiatives. Navigating Industry Challenges: The industrial giant faces headwinds from a muted macroeconomic environment, particularly impacting its electronics business, which manufactures displays for smartphones and tablets. Slowing discretionary spending, particularly in China, has added to the company's woes. However, Brown's reputation for driving efficiency and executing strategic maneuvers positions 3M favorably to address these challenges head-on. Legal Settlements and Restructuring Efforts: 3M's ( NYSE:MMM ) recent legal settlements, including a $6.01 billion agreement to resolve claims related to Combat Arms earplugs and a tentative $10.3 billion settlement for water pollution claims, have put a strain on its financials. To mitigate the impact of slowing demand and legal liabilities, the company has embarked on a major restructuring initiative, involving job cuts and the spinoff of its healthcare business into a separate entity. These efforts underscore 3M's commitment to adapting to evolving market dynamics and restoring shareholder confidence. Conclusion: As 3M ( NYSE:MMM ) prepares for a leadership transition, stakeholders are cautiously optimistic about the company's future under Bill Brown's stewardship. With a proven track record in the aerospace and defense industry, Brown brings a wealth of experience and strategic vision to 3M. Despite the challenges ahead, including ongoing legal battles and market headwinds, 3M's appointment of an outsider as CEO signals a commitment to driving transformative change and positioning the company for long-term success in a rapidly evolving landscape.Longby DEXWireNews2
Time for a 3M reversal?Looks like it found support and may turn around - broke out of down trend line - Ichi cloud potentially crossing - bullish divergence on chaikin oscLongby Lazyblob2
Falling wedgeLooking like a great pattern is forming. Expecting 108 by end of March Thoughts?Longby jwanderson541
MMM LONG IDEAHello 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 stockLongby JonasBuusJUpdated 222
3M (MMM) Long Update3M 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. Longby TheTAguy112113
3M on the 3M ChartI'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 and products, and is a company that in this and many regards, has value in the world we live in today. Longby bgeraghty5
3M Long @1223M 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. Longby TheTAguy112Updated 3
3M READY FOR LONG.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.Longby TommyChong776
$MMM Long ideaDivergence on lower timeframe, looking for gap to be filled in the coming weeksLongby Catchingpips_223
Opportunity to buy 3M at 2004 levelsNo bush is not president but 3M is hovering around $90. Longby arama-nuggetroubleUpdated 336
3M (MMM) Navigates Challenges and Beats Earnings Estimates 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 positive trend for the company, which has consistently outperformed earnings expectations over the last four quarters. Earnings Performance: 3M's earnings surprise of 4.76% in the latest quarter follows a robust performance a quarter ago, where the company exceeded expectations by a substantial 14.53%. Despite facing headwinds, 3M has demonstrated its ability to adapt and deliver strong financial results. The company's earnings growth from $2.28 per share a year ago to the current $2.42 per share reflects a steady upward trajectory. Revenue Resilience: While the quarterly revenues of $8.01 billion slightly fell short of the year-ago figure of $8.08 billion, 3M managed to beat the Zacks Consensus Estimate by an impressive 4.25%. This consistent ability to surpass revenue expectations highlights the company's agility in navigating market challenges. Guidance and Market Response: Despite the positive financial results, 3M's stock experienced an 11% drop to a seven-week low after the company provided its earnings guidance for 2024. The projected adjusted earnings of $9.35 to $9.75 per share fell below the consensus estimate of $9.82 per share. The market response underscores the significance investors place on forward-looking guidance. CEO Perspective and Strategic Initiatives: 3M's Chairman and CEO, Mike Roman, expressed optimism about the company's performance in 2023, citing successful execution of priorities, expansion of operating margins, and progress in organizational restructuring. The CEO emphasized initiatives such as simplifying the supply chain, advancing the healthcare spin-off, and addressing legal matters, including resolving litigation related to products like earplugs for soldiers and environmental concerns. Investor Concerns and the Path Forward: The discrepancy between the company's strong quarterly results and the cautious outlook for 2024 raises questions among investors. The potential impact of ongoing legal matters and the restructuring efforts initiated by 3M add an element of uncertainty. Investors are keenly awaiting insights from management during the upcoming earnings call, seeking clarity on the company's strategies to overcome challenges and capitalize on opportunities in the coming year. Conclusion: 3M's recent financial performance reflects a mix of resilience and caution, with the company navigating challenges successfully in the past year. As investors assess the stock's future potential, the focus shifts to management's commentary on the earnings call, where insights into the company's strategies, risk mitigation, and growth plans will play a crucial role in shaping investor sentiment. 3M's journey in 2024 will be closely watched, and the stock's trajectory may depend on how well the company addresses investor concerns and executes its strategic initiatives.by DEXWireNews2
MMM … what is next 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 pivotal points for either a bounce back upwards or a breakdown. Wait for tomorrow FED talk tomorrow Longby DrSaud1Updated 113
MMM long play3M 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 the current trend, it has a upper resistance from 160's for 2024 long term. Sizing in with potential stops at ~93 Longby galactic_ventures112
Idea for 3M in the NEXT year with 85%3M has been in a downward trend since 2019. I found a good entry opportunity between 101 and 99 usd. SL with 15% at around 86 usd. All targets are listed, even if SL doesn't hold, 3M is a company that offers good long-term investments.Longby WhaleWaveSurfer0
MMM long positionLong if price close above 10MA monthly chart. Price find support at a critical spot. Longby ntourou0
MMM short after failing to break above 200 ema on Day candlesMMM has constantly failed to hold above the 200 ema on the day candles. I will be taking small positions averaging in. If there are a few open and closes above the 200 ema I will cut losses. Buying 100 and 95 puts for FebruaryShortby calebgsmith2000Updated 113
3M $MMM Trade IdeaI entered a trade on NYSE:MMM yesterday as the stock pulled back to the previous diagonal resistance after the previous day breakout. Today the price seems to be continuing its bullish movement after a simple S/R flip. The moving averages are all sloping up showing short term bullish momentum. We see that the oscillators are overbought in the short term so we might see a small pullback which I will use to add more options contracts to this position. Hope this helped the readers, follow me for more trade ideas. Thank you, BKLongby Konstandinovic111
3m Massive Head and shoulder pattern still playing out.MMM has a Massive Head and shoulders pattern in the works and the next target price is suggested to be $81. Shortby cerveloistUpdated 2
3M's net profit is up. What about its shares? 25/10/2023Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US average. Therefore, it will be interesting to look at the 3M Co. (NYSE: MMM) stock chart today. On the D1 timeframe, support has formed at 85.35, with resistance at 90.30. These levels are determined based on the price's highs and lows during the resulting downward trend. In addition, a "double bottom" trend change pattern has been formed. If the resistance level is broken through (the bar on D1 closes above 90.30), the stock price may rise to 108.37. On the H1 timeframe, after resistance at 90.30 is broken through, the short-term target for the price increase is around 98.09; while in the medium term, it could reach 108.37. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets3
MMM 3M Company Options Ahead of EarningsIf you haven`t bought MMM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of MMM 3M Company prior to the earnings report this week, I would consider purchasing the 87usd strike price Calls with an expiration date of 2023-11-3, for a premium of approximately $2.39. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 112