3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 20.48% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $160.00 long put 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 up which suggests that the medium-term momentum for 3M is bullish.
The RSI indicator is at 73.86 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
LATEST NEWS for 3M
3M Joins Well Living Lab Alliance
Wed, 30 Oct 2019 18:26:00 +0000
3M announced it has joined the Well Living Lab Alliance, a global consortium of organizations supporting the advancement of knowledge about how the indoor places where people live, work and play can improve human health and well-being. 3M’s values align with the mission of the Well Living Lab to better understand the connection between our everyday living spaces and our overall health. 3M chose to be a Sustaining Alliance member and will work with the lab to identify further needed research and to conduct studies in the Well Living Lab to advance this research.
14-Year-Old Named America’s Top Young Scientist
Wed, 30 Oct 2019 13:05:00 +0000
3M (@3M) and Discovery Education (@DiscoveryEd), have named 14-year-old Kara Fan from San Diego, California, the winner of the 2019 3M Young Scientist Challenge (#YoungScientist). Kara invented a first aid liquid bandage using nano-silver technology to reduce the risk of superbug infections caused by antibiotic overuse.
This D.C. health tech startup has raised $7.3M — and it’s not done
Tue, 29 Oct 2019 19:10:39 +0000
This follows a $2.5 million seed round last year and a $1 million personal investment by its three co-founders.
The Kiplinger Dividend 15: Our Favorite Dividend-Paying Stocks
Tue, 29 Oct 2019 16:48:21 +0000
Income investors love dividend stocks for their regular payouts; any stock-price appreciation is just gravy. The Kiplinger Dividend 15, the list of our favorite dividend-paying stocks, delivers on the first front, yielding 3.4%, on average, compared with a 1.9% yield for Standard & Poor's 500-stock index and a 1.7% yield for the 10-year Treasury bond. What's more, over the past year, our list has slathered on the gravy, too, returning 13.6%, on average, counting dividends and price appreciation, compared with a 4.3% return for the S&P; 500\. Big gains don't come without some strings attached. Like many stocks that have ridden this record-long bull market, some of the names on our list appear to be richly valued now. And although dividends buttress returns when a stock's price slides, pricey stocks could take a big hit in the event of a stock market plunge. Perhaps more salient for dividend investors, major boosts in the share price diminish a stock's yield, as is the case with Blackstone Group and Realty Income–two stocks originally chosen for our list because, among other things, they historically provided yields above 4%. Although they've slipped below that bar, we're not yet ready to jettison them for performing too well, and we believe that their yields can return to historical averages. We're keeping an eye on them, but we're making no changes to the list at present. The Dividend 15 are divided into three categories: stocks with a long history of stable dividends, stocks with the potential for rapid growth in their payouts, and high yielders. Find a dividend stock that suits your needs, or select a mix. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most
Dow Jones Today: Another Trade-Fueled Rally
Mon, 28 Oct 2019 20:46:35 +0000
It took three months, but the major U.S. equity benchmarks revisited all-time highs Monday, supported by more good news on trade. Now comes the hard bard: basically every equity market breakout dating back to last year has been met with immediate selling.Source: Venturelli Luca / Shutterstock.com Things could be different this time around because the U.S.-China news appears to be improving and this week, there's another round of marquee earnings reports for investors to digest. Plus, the Federal Reserve meets this week and with that could come another interest rate cut.And for good measure, the October jobs report will be delivered Friday by the Labor Department.InvestorPlace – Stock Market News, Stock Advice & Trading TipsSo all of that is to say while previous breakouts have failed, there are enough catalysts from a wide array of sources available this week to support continued upside in equities. We'll see what the rest of the week brings, but on Monday, equities were in style.The Nasdaq Composite added 1.01% while the S&P 500 jumped 0.56%. The Dow Jones Industrial Average advanced 0.49% with 21 of its 30 components higher in late trading. Microsoft: Still WinningThose invested in Microsoft (NASDAQ:MSFT) by now know the company recently scored a significant coup in beating rival Amazon.com (NASDAQ:AMZN) for a Department of Defense contract, explaining in part why Microsoft was the best-performing member of the Dow Jones today. * 10 Stocks to Buy Regardless of Q3 Earnings The size of the contract, $10 billion, isn't overwhelming, particularly not for a company with a market capitalization north of $1 trillion, as is the case with Microsoft. The story here is that Azure, Microsoft's cloud business, the one the company said grew by 59% in the third quarter, is becoming an indomitable force in the cloud computing space.Yes, there's controversy surrounding this win for Microsoft, but it's not directly related to the company itself. Amazon seems miffed that it lost this competition because it was viewed as the leader throughout and there are rumblings that President Trump steered this agreement in favor of Microsoft due to some ill will toward Amazon CEO Jeff Bezos. There's a lot of moving parts there, none of which involve any impropriety on Microsoft's part, and it's likely the company keeps the DoD contract. Apple AdvanceAs noted above, there are some bellwether companies reporting earnings this week and that includes none other than Apple (NASDAQ:AAPL), which steps into the earnings confessional Wednesday after the close of U.S. markets.Apple has been on a torrid pace as of late and the stock can ill afford any disappointing news on the iPhone 11 or Apple + streaming, which is slated to debut in November. The stock was up 1%, so it appears some investors are buying in advance of Wednesday's report."Apple's guidance for the quarter calls for revenue of $61 billion to $64 billion, with gross margins of 37.5% to 38.5%. Analysts expect profits of $2.84 a share, which would be down from $2.91 in the year-ago quarter," according to Barron's. Credit Where It's Due3M (NYSE:MMM) is a name I've been mentioning quite a bit lately due in large part to what can be described as erratic behavior by a struggling stock, but the shares gained 1.79% following an eventful week last week. Every recovery has to start somewhere, but some market participants still have plenty of reservations about 3M."Fundamentally more of the same, including continued weakness in auto [and] electronics [and in] China," said JPMorgan analyst Stephen Tusa in a note out Monday. "However, there were material incremental negatives including downside at health care which many view as the "crown jewel of the portfolio" posting 2% organic on the easiest [comparison] of the year."Translation: bottom fishing with 3M is still a risky proposition. * 7 Defense Stocks to Buy to Fortify Your Portfolio Bottom Line on the Dow Jones TodayThis is an eventful week in terms of earnings, macroeconomic headlines and domestic economic data points and the next few days are likely to go a long way in determining the fate of riskier assets into year end and how equities will start 2020. While there will be jitters this week, there are still reasons to remain engaged with equities."In hindsight, 2016 was a classic mid-cycle slowdown," said BlackRock in a note out Monday. "We think 2019 could be similar but acknowledge this time could be riskier simply because the cycle is older and the economy has less slack to offer a buffer. Yet we don't see this as the end of the economic expansion — or equity gains. End of cycle is usually marked by spiking commodity prices, wages that are rising too quickly, and the Fed lifting rates to avert economic overheating. None of these are evident today. In fact, it's just the opposite. One potential upshot: A continuation of slow growth and a stock market that can grind higher."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 AI Stocks to Buy to Profit from the Recent Tech Correction * 5 IPO Stocks With Lockup Expiration Dates Around the Corner * 3 Clean Energy ETFs for a Brighter Future The post Dow Jones Today: Another Trade-Fueled Rally appeared first on InvestorPlace.
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