3M (MMM) Offering Possible 34.77% Return Over the Next 17 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 34.77% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $165.00 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 64.99 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


How PayPal Holdings Inc and Other Hedge Fund Favorites Performed in Q2
Sat, 29 Jun 2019 21:21:43 +0000
Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]

Is It Finally Time to Go Long GE Stock?
Fri, 28 Jun 2019 14:08:58 +0000
General Electric (NYSE:GE) stock has had a stunning fall from grace. Viewed as an American industrial titan for decades, the company has undergone a miraculous deterioration. Three years ago, GE stock was trading north of $30. In December 2018 it was flirting with falling below $6. Now back above $10, GE stock is showing signs of life. Does that make it a buy?Source: Shutterstock From a fundamental perspective, the answer seems like a resounding "no." From a technical point of view, though, GE stock is looking much healthier. But just because its charts are pointing to potential gains doesn't mean its balance sheet issues have been resolved or that its cash flow woes have vanished * The 7 Top Small-Cap Stocks Of 2019 The Growling BearJPMorgan analyst Stephen Tusa called the demise of GE stock. He was the first analyst to turn bearish on the industrial conglomerate and, for the most part, he's stuck to his guns. As GE stock fell last year, Tusa was ahead of the ball. He would lower his price target or issue negative reports only to see the stock price get nailed weeks or months later on continued weak fundamentals.InvestorPlace – Stock Market News, Stock Advice & Trading TipsTusa told investors to stop selling GE stock in December. Well, sort of.He raised his "sell" rating on General Electric stock to a "hold" rating, but maintained his $6 price target. The shares bottomed near $6.60 and embarked on a violent upside reversal. Investors — or at least momentum traders — used Tusa's upgrade as an opportunity to squeeze GE stock higher.I don't mean to put too much weight on one analyst. But it got to the point that investors were using Tusa's statements, rather than those of GE's management, to determine how the company was really doing.Tusa downgraded GE stock again a few months ago. He now has a "sell" rating and a Street-low $5 price target on General Electric stock. While many of his peers and management are cheering the company's "conservative" $55 billion of new aviation orders from the Paris Aviation Show, Tusa said the takeaway for GE "was on net more negative than even we were thinking when it comes to the Aviation debate." Valuing General Electric StockGiven the bullish price action of GE stock since December, it's no wonder Tusa's bearish stance has drawn some criticism. And that's where there's a diversion between GE's fundamentals and the technicals of GE stock.Fundamentally, it's hard to make a case for being long General Electric stock. But as you'll see in a moment on the charts, the stock continues to get healthier.Management already told us that the company's cash flows would be pressured for the rest of this year and be weak next year as well. For a company like GE, that's not good news. The company has already essentially slashed its dividend down to nothing and has had to part ways with assets at less-than-favorable prices.Analysts' expectations for the company aren't great, either.Analysts, on average, are calling for earnings of 59 cents per share this year, a near-10% decline from last year's 65 cents per share. The consensus estimate for 2020 calls for earnings of 74 cents per share. If attained, that represents growth of 25% from 2019. However, it's still lower than the 76 cents of basic EPS that GE had in 2016.Its revenue is expected to decline 3.8% this year to about $117 billion and rebound just 1.3% in 2020 to $118.5 billion. But its 2020 top line, like its 2020 bottom line, is expected to be lower in 2020 than it was in 2018. Moreover, in 2016 the company generated revenue of $119.4 billion.In short, GE has been bleeding like crazy. General Electric stock has been rallying because investors are banking that management can stop the bleeding. If it can't, Tusa's price target may pan out. If it can, the shares will probably be able to climb over time.Compared to a company like Honeywell (NYSE:HON) or a high-dividend stock like 3M Co (NYSE:MMM) though, it's hard to find GE stock attractive. Trading GE Stock Click to EnlargeNot long ago, I pointed out that GE stock could rebound. My statement came as the shares were knocking on the door to $10.50, which has been range resistance throughout 2019. The stock broke through and ran to $10.71, but then retreated.At the time, I said that, if its breakout failed, GE needed to use its major moving averages as its support. GE is now using its 20-day moving average as support. If GE stock stays above the 20-day moving average , a retest of the $10.50 resistance point should be in the cards.GE still has plenty of support below the 20-day. The now-uptrending 50-day moving average is $9.92, while the 200-day moving average is $9.61. Just above that is prior downtrend resistance (depicted by the blue line). Below all that, GE stock has range support at $9.The bottom line? See if GE gets another opportunity to break out over $10.50.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Is It Finally Time to Go Long GE Stock? appeared first on InvestorPlace.

3M Partners with Visual Artist Patrick Shearn to Construct a Large-Scale Art Installation for 3M Open PGA TOUR Event
Thu, 27 Jun 2019 15:00:00 +0000
3M announced they have partnered with world-renowned visual artist Patrick Shearn and his studio Poetic Kinetics to design and build a large-scale art installation for its inaugural 3M Open PGA TOUR event. The installation named “Symphonic Vision” will captivate spectators at the entryway of TPC Twin Cities from July 1-7, creating a “wow” moment as fans enter the tournament. Inspired by the Northern Lights, this art installation is intended to represent individual elements working in concert to achieve a greater impact and serves as a visual representation of the 3M Open’s signature event theme, “Golf That Matters.” Ultimately, “Symphonic Vision” signifies that when we come together to support a greater cause, our impact can reach far beyond ourselves.

Acelity L.P. Inc. — Moody's announces completion of a periodic review of ratings of Acelity L.P. Inc.
Thu, 27 Jun 2019 13:59:06 +0000
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Acelity L.P. Inc. New York, June 27, 2019 — Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of Acelity L.P. Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
Tue, 25 Jun 2019 14:07:28 +0000
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.

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