3M (MMM) Offering Possible 51.52% 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 $162.50 short put and a strike $157.50 long put offers a potential 51.52% 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 $162.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $157.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for 3M is bullish and the probability of a rise 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 68.3 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


Ready for Launch
Fri, 25 Oct 2019 23:41:15 +0000
Stocks closed at their old highs as bonds continue to lag, while gold is on the rise, lifting gold miners along the way.

Dow Jones Today: Trade Talks Have Stocks Flirting With Records
Fri, 25 Oct 2019 20:13:58 +0000
There were plenty of important earnings reports to digest today, but stocks appeared to take their cues from good news on the U.S.-China trade front with the major equity benchmarks approaching all-time highs on word that trade talks are progressing in positive fashion.Source: Venturelli Luca / Shutterstock.com "They made headway on specific issues and the two sides are close to finalizing some sections of the agreement," according to a statement out earlier today from U.S. Trade Representative Robert Lighthizer's office.President Trump is pushing to sign the first phase of the trade accord next month at the Asia-Pacific Economic Cooperation in Chile.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThe trade talk helped the Nasdaq Composite advance 0.70%, while the S&P 500 gained 0.41%. The Dow Jones Industrial Average powered higher by 0.57%. Give the Nasdaq some credit. Today's gains were built without much from Amazon (NASDAQ:AMZN), which was beaten up after its third-quarter earnings report. Or maybe Amazon itself deserves some credit because it closed the day at $1,761, well above the day lows around $1,695. Tech SupportOn Thursday, I mentioned the importance of Intel's (NASDAQ:INTC) earnings report in terms of propping up the semiconductor space in the wake of the disaster that was Texas Instruments (NASDAQ:TXN) earlier this week. * 10 Small-Cap Stocks to Buy Before They Grow Up Intel delivered in epic fashion, surging almost 8% to easily rank as the Dow's best-performing member today. The semiconductor giant posted third-quarter earnings of $1.42 per share on revenue of $19.2 billion. Those numbers absolutely crushed what Wall Street was expecting, which was $1.24 per share on $18.1 billion. Dogs BounceTwo of this year's most frequently mentioned Dow dogs, Caterpillar (NYSE:CAT) and 3M (NYSE:MMM), were the next best performers in the blue chip index today after Intel. Certainly in the case of Caterpillar, these were probably China news-driven trades. Both companies reported earnings earlier this week and neither report was particularly strong, so today's bounces in these embattled names may be no more than trades, not opportunities to be long these stocks for lengthy time frames. Post-Earnings MalaiseVerizon Communications (NYSE:VZ) reported decent third-quarter results earlier today, but investors weren't overly enthusiastic about the numbers as the stock was one of the Dow losers on the day.Verizon said it earned $1.25 per share on revenue of $32.9 billion, beating Wall Street estimates of $1.24 a share on revenue of $32.7 billion. Making matters interesting in terms of Verizon's price action today was subscriber growth that beat estimates. In theory, the stock should have been up on that news."The company's consumer unit added a net 193,000 new wireless postpaid lines and its business segment added a net 408,000," according to Barron's. "That leaves a total of 601,000 new customers who receive a monthly bill, a closely watched metric for wireless companies. Wall Street analysts had been expect 524,000 new postpaid wireless subscribers." Another Surprise LoserDow high-fly act Procter & Gamble (NYSE:PG) was one of the index's offenders today, which is surprising given the tenor of a Morgan Stanley note out earlier today on the stock.Morgan Stanley analyst Dara Mohsenian said "P&G is likely to be able to increase its revenues faster than its peers even if it raises prices only modestly, given its broad-based strength," according to Barron's.He reiterated an "overweight" rating and $134 price target on the Dow component. * 7 Earnings Reports to Watch Bottom Line on the Dow Jones TodayNext week brings another raft earnings reports, including some big-name technology stocks and some members of the Dow Jones Industrial Average. With that in mind, this earnings season has been decent relative to earlier expectations."To date, 40% of the companies in the S&P 500 have reported actual results for Q3 2019. In terms of earnings, the percentage of companies reporting actual EPS above estimates (80%) is above the five-year average," according to FactSet Research data. "In aggregate, companies are reporting earnings that are 3.8% above the estimates, which is below the five-year average. In terms of sales, the percentage of companies (64%) reporting actual sales above estimates is above the five-year average. In aggregate, companies are reporting sales that are 1.1% above estimates, which is also above the five-year average."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 Cybersecurity Stocks to Keep Your Portfolio Safe * 7 Top-Notch REITs to Buy for Income * 5 Reasons Why I Still Believe in Hexo Stock The post Dow Jones Today: Trade Talks Have Stocks Flirting With Records appeared first on InvestorPlace.

Dow's 137-point climb led by gains in shares of Intel, Caterpillar
Fri, 25 Oct 2019 18:33:00 +0000
DOW UPDATE Behind strong returns for shares of Intel and Caterpillar, the Dow Jones Industrial Average is up Friday afternoon. The Dow (DJIA) is trading 137 points, or 0.5%, higher, as shares of Intel (INTC) and Caterpillar (CAT) have contributed around 25% of the index's intraday rally.

Dow jumps 200 points on gains for Intel, Caterpillar shares
Fri, 25 Oct 2019 15:56:00 +0000
DOW UPDATE Shares of Intel and Caterpillar are trading higher Friday morning, lifting the Dow Jones Industrial Average into positive territory. Shares of Intel (INTC) and Caterpillar (CAT) are contributing around 25% of the index's intraday rally, as the Dow (DJIA) is trading 207 points higher (0.

Intel, 3M share gains contribute to Dow's 138-point jump
Fri, 25 Oct 2019 14:50:00 +0000
DOW UPDATE Buoyed by strong returns for shares of Intel and 3M, the Dow Jones Industrial Average is trading up Friday morning. Shares of Intel (INTC) and 3M (MMM) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 138 points (0.

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