All Posts Tagged With: "MMM"
(CAT) Good News Starts with Caterpillar
The deluge of this morning’s favorable economic and earnings reports should help stocks sustain Wednesday’s Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar’s...
30Jan2012 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Selling Office Business
Avery Dennison Corporation (AVY) is divesting its underperforming Office and Consumer Products to its competitor 3M Co. (MMM), the maker of Post-it notes and Scotch Tape, for $550 million in cash. The Office and Consumer Products segment contributed approximately 13% to Avery’s...
9Jan2012 | vitalstocks | 0 comments | Continued(MMM) 3M Company Analyst Reiterates Shares at Neutral
We recently maintained a Neutral recommendation on3M Company (MMM). Based in St. Paul, Minnesota, 3M is a diversified technology company with manufacturing operations spread over 60 countries worldwide. It has more than 35 business units organized into six segments: Consumer...
28Nov2011 | vitalstocks | 0 comments | Continued(MMM) 3M Company 2011 Third Quarter Earnings Scorecard
3M Company (MMM) reported modest results for the third quarter of 2011. The company achieved year-over-year top-line growth of 9.6%, as five out of six segments saw revenue growth. The bottom-line slipped 1% however, missing our estimate by 9 cents. Third Quarter Highlights Total...
22Nov2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 26, 2011 – Market News
The benchmarks’ three-day rally hit a roadblock as the lack of conviction among investors about European leaders finding a solution to the region’s debt crisis on Wednesday’s summit and disappointing domestic corporate earnings weighed down the markets. Markets reversed...
26Oct2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for September 29, 2011 – Market News
Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices. The...
29Sep2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for September 2, 2011 – Market News
Investors remained cautious ahead of crucial employment data and chose not to bet big bucks, while mixed economic reports and a plunge in banking stocks pushed the markets into the red for the first time in four days. The Dow Jones Industrial Average (DJIA) inched down by a percent...
2Sep2011 | vitalstocks | 0 comments | Continued(GDP) Stock Market News for August 29, 2011 – Market News
Wall Street registered its first weekly gains in more than a month as the Fed Chairman’s speech sparked hopes of economic stimulus and assured investors that the US is well on course for long-term economic growth. The tech sector helped push the markets higher on Friday, enabling...
29Aug2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 11, 2011 – Market News
Indices were dealt yet another blow by a multitude of concerns as benchmarks incurred heavy losses on Wednesday. Worries about the debt crisis spreading to Italy and Spain bogged down investor sentiment with additional pressure coming from fears of France losing its AAA rating. The...
11Aug2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 10, 2011 – Market News
An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following Standard...
10Aug2011 | vitalstocks | 0 comments | Continued(CSCO) Stock Market News for August 4, 2011 – Market News
The volatile run of the markets ended with modest gains, which was also marked one of the busiest days of trading since mid-March. Uncertainty over economic growth kept investors jittery, though the benchmarks escaped recording their longest losing streak since Jimmy Carter’s...
4Aug2011 | vitalstocks | 0 comments | Continued(XLK) Stock Market News for July 27, 2011 – Market News
Markets continued to be dragged down by lingering concerns over the deadlock in debt-ceiling negotiations and volumes remained low as investors adopted a wait and watch stance. Benchmarks continued to slide for the second consecutive day in the absence of strong economic reports...
27Jul2011 | vitalstocks | 0 comments | Continued(F) U.S. Earnings Season and Debt Ceiling in Focus
Stocks may find it hard to stay focused on the day’s earnings parade given the continued stalemate in Washington on the debt ceiling issue. We also have a couple of housing and consumer confidence reports coming out after the markets open. But had Washington not been as...
26Jul2011 | vitalstocks | 0 comments | Continued(XLK) Stock Market News for July 20, 2011 – Market News
The Dow soared to record its best rally this year, while the broader markets enjoyed their best performance since March thanks to encouraging corporate results and President Obama’s comments about lifting the debt ceiling. IBM and Coke bolstered their respective sectors and...
20Jul2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for July 15, 2011 – Market News
Comments from Federal Chairman Ben Bernanke on the second day of his testimony to Congress dragged the markets into negative territory as he quelled all hopes of a third round of economic stimulus. Economic reports ahead of the opening bell had been encouraging, but failed to...
16Jul2011 | vitalstocks | 0 comments | Continued(TYC) Tyco International Concludes KEF Holdings Buy
Tyco International Ltd. (TYC) announced that it has completed the acquisition of a 75% stake in KEF Holdings Ltd., which is a UAE-based integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries. This acquisition of...
11Jul2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for July 5, 2011 – Market News
Markets skyrocketed to post their best weekly performance in two years as investor sentiment was bolstered by optimistic economic reports that somewhat washed out fears of a sluggish economic recovery. The Dow, in particular, had a great run, collecting 648 points over the week....
5Jul2011 | vitalstocks | 0 comments | Continued(GLW) Corning Embarks on Joint Research
Corning Inc. (GLW) announced the opening of a research facility in China, jointly with the Shanghai Institute of Ceramics and Chinese Academy of Sciences (SICCAS). The facility is located in the Research and Development Center of SICCAS in Jiading, Shanghai. SICCAS is China’s...
30Jun2011 | vitalstocks | 0 comments | Continued(MMM) 3M Company Settles Patent Litigation
3M Company (MMM) through its three companies 3M, 3M Innovative Properties Co., and 3M Canada has settled a patent litigation filed against Eurotex in Canada for infringing a 3M patent for reflective fire coat trim. The case was being fought in the Federal Court in Ottawa, Canada...
16Jun2011 | vitalstocks | 0 comments | Continued(BJ) Company News for June 10, 2011 – Corporate Summary
• On Thursday, 3M Company (NYSE:MMM) said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M’s product availability in the aerospace market • ...
14Jun2011 | vitalstocks | 0 comments | Continued(BJ) Company News for June 10, 2011 – Corporate Summary
• On Thursday, 3M Company (NYSE:MMM) said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M’s product availability in the aerospace market • ...
10Jun2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for June 2, 2011 – Market News
Markets came to a halt after a positive run for four consecutive trading days as weak economic data and a downgrade of Greece’s credit rating dampened investor sentiment on the opening day of the month. Benchmarks also suffered their worst drop since August 11, 2010 amidst...
2Jun2011 | vitalstocks | 0 comments | Continued(SRDX) SurModics Analyst Increases Shares to Outperform
We are upgrading SurModics Inc. (SRDX) to Outperform from Neutral following its strong showing in the second quarter of fiscal 2011. Our target price on the stock is $18.00. The company delivered strong results in the second quarter of fiscal 2011 outshining the Zacks Consensus...
4May2011 | vitalstocks | 0 comments | Continued(MMM) 3M Company Exceeds Estimates
3M Co. (MMM) released its earnings results for the first quarter of 2011, reporting earnings per share of $1.49, beating the Zacks Consensus Estimate of $1.43. The company’s organic revenues improved in all of its six businesses. Revenue Total revenues for the quarter increased...
3May2011 | vitalstocks | 0 comments | Continued(KO) Reviewing Earnings – Looking Toward The Federal Reserve
Earnings reports will be in focus today as we wait for the Fed Chief’s history-making news conference on Wednesday following the FOMC meeting that gets underway today. Keeping us busy will be a slew of positive reports from a fairly representative slice of corporate leaders,...
28Apr2011 | vitalstocks | 0 comments | Continued(AMZN) Stock Market News for April 27, 2011 – Market News
Positive earnings reports and upbeat consumer data brought cheer to investors as benchmarks achieved three-year new highs on Tuesday. Stocks also displayed an uptrend ahead of the conclusion of the crucial Federal Open Market Committee’s meeting on Wednesday following which...
27Apr2011 | vitalstocks | 0 comments | Continued(GE) Sector Watch: Tech, Oil, Aerospace & Conglomerates
In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However since it is organized by the individual metric, such as Annual...
8Mar2011 | vitalstocks | 0 comments | Continued(XOM) Stock Market News for March 1, 2011 – Market News
A reduction in inflated crude prices, optimistic comments from the President of the Federal Reserve Bank of New York and mixed economic data helped markets edge higher on Monday. Higher indices for the month also ensured a third-straight monthly gain, building on the positive...
3Mar2011 | vitalstocks | 0 comments | Continued(CAM) Stock Market News for Jan 26, 2011 – Market News
Markets closed almost flat yesterday after erasing losses ahead of President Obama’s State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early...
26Jan2011 | vitalstocks | 0 comments | Continued(ICI) Rewards May Exist In Muni Bonds – AAII Investor Update
Worries about state and local government debt continue to drive money out of municipal (aka “muni”) bond funds. The Investment Company Institute (ICI) calculates that muni bond funds incurred $2.4 billion worth of outflows last week. This was the 10th consecutive...
21Jan2011 | Shawn | 0 comments | Continued