The Decline of MMM Stock Has Created an Attractive Buying Opportunity [Yahoo! Finance News]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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US:NYSE Investor Relations:
investors.3m.com/overview/default.aspx
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Source: Yahoo! Finance News
As the coronavirus from China spreads globally, economic uncertainty has deepened. However, amidst every challenge and market plunge, there are golden buying opportunities. I see one such buying opportunity in 3M Company (NYSE:MMM) stock. Since reaching $181 in January, MMM stock has tumbled 17% to $148 today. In my opinion, the stock's valuation is attractive at this point. Click to Enlarge Source: JPstock / Shutterstock.com When the market's outlook is uncertain and appears to be weak, it makes sense to go overweight on stocks with low volatility. MMM stock fits the bill.In addition, the company is certain to report strong cash flow in fiscal 2020, indicating that it can sustain its current dividend of $5.88 per share. 3M's dividend yield of 3.89% is attractive at a time when the 10-year Treasury bond is yielding 0.72%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips3M expects FY20 earnings per share in the range of $9.3 to $9.75. The midpoint of the guidance is about
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News
- Medical Document Management Systems Market to Grow at 12.48% CAGR, Reaching USD 1.81 Billion by 2032 | Report by S&S Insider [Yahoo! Finance]Yahoo! Finance
- Household Cleaning Products Market to Grow by USD 16.60 Billion (2024-2028), Driven by Innovation and Portfolio Expansion, with AI Driving Market Transformation - Technavio [Yahoo! Finance]Yahoo! Finance
- Static Compression Therapy Market Set for Significant Growth, valued at $2.61 Billion in 2023 and Forecasted to Reach $4.32 Billion by 2031: - Market Research Intellect [Yahoo! Finance]Yahoo! Finance
- High-Temperature Ceramics Market Poised for 7.1% CAGR Growth, Bolstered by Industrial Advancements and Demand for Heat-Resistant Materials | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Securing Footing Everywhere: Trends in the Anti-Slip floor Tape Industry | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
MMM
Earnings
- 10/22/24 - Beat
MMM
Sec Filings
- 12/2/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- MMM's page on the SEC website