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
- 3M (MMM) Q1 Earnings & Revenues Surpass Estimates, Up Y/Y [Yahoo! Finance]Yahoo! Finance
- Eli Lilly, 3M rise; MicroStrategy, Chegg fall, Tuesday, 4/30/2024 [Yahoo! Finance]Yahoo! Finance
- 3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin [Yahoo! Finance]Yahoo! Finance
- 3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum SpinPR Newswire
- Notable earnings before Tuesday's open [Seeking Alpha]Seeking Alpha
MMM
Earnings
- 4/30/24 - Beat
MMM
Sec Filings
- 4/30/24 - Form IRANNOTICE
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- MMM's page on the SEC website