3M (MMM) Offering Possible 12.61% Return Over the Next 34 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $175.00 short call and a strike $185.00 long call offers a potential 12.61% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $8.88 would be incurred if the stock rose above the $185.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 30.05 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


3M Announces Upcoming Investor Event
Wed, 13 Jan 2021 14:00:00 +0000
3M (NYSE: MMM) today announced the following investor event:

3 Promising Dividend Stocks to Buy Right Now
Sat, 09 Jan 2021 11:17:00 +0000
Income investors often re-evaluate their portfolios at the beginning of the year and look to add stocks with strong dividends. In fact, now is a great time to consider some top dividend stocks that may not have been the market's favorite last year but look promising for 2021. Here are three such compelling dividend stocks you could buy right now.

A Look At 3M's (NYSE:MMM) Share Price Returns
Fri, 08 Jan 2021 09:18:08 +0000
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any…

Nasdaq Leads Broad Advance As These 3 Top Stocks Break Out; Time To Sell Twitter Stock?
Thu, 07 Jan 2021 20:30:09 +0000
Twitter, meanwhile, slumped nearly 3% and undercut its 21-day exponential moving average. While the general uptrend in Twitter remains intact, the stunning Democratic victory in Georgia's Senate races may open the door for potential new legislation that changes current protections for the social media giant from content distributed on its platform. A 74 Composite Rating for Twitter, according to IBD Stock Checkup, is mediocre on a scale of 1 (mushy) to 99 (magnificent).

Why A Democratic Congress Is Turning This 3M Analyst Bearish
Thu, 07 Jan 2021 17:28:54 +0000
3M Co (NYSE: MMM) faces heightened PFAS risks with Democrats taking control of the U.S. Senate, according to BofA Securities.The 3M Analyst: Andrew Obin downgraded 3M from Neutral to Underperform and reduced the price target from $200 to $170.The 3M Thesis: The Republicans prevented major PFAS — perfluoroalkyl and polyfluoroalkyl substances — legislation from being passed under the Trump administration, Obin said in the downgrade note.”We believe Democratic control of the relevant Senate Committee and the EPA will accelerate legislation and regulation around PFAS contamination,” the analyst said.”Passage of relevant legislation could significantly shape PFAS cleanup and 3M's financial liability over the next several years,” he said. A previous analysis estimated 3M's total pre-tax liability at around $9 billion, which includes cleanup costs and personal injury liability, Obin said.”Negative headlines and incremental lawsuits associated with legislative and EPA actions are likely to drive de-rating of 3M shares.” MMM Price Action: Shares of 3M were trading down 3.23% at $168.49 at last check Thursday. Latest Ratings for MMM DateFirmActionFromTo Jan 2021B of A SecuritiesDowngradesNeutralUnderperform Oct 2020Morgan StanleyMaintainsEqual-Weight Oct 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for MMM View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * BofA Raises Spotify Price Target On Streaming Platform's Near-Term Prospects * BofA Upgrades Mastercard On ‘Potentially Priceless Opportunity'(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.