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3M (MMM, $173.77)beats Q4 earnings expectations
3M posted fourth-quarter earnings of $2.31 per share, beating analysts’ expectations of $2.02 (based on Investing.com poll).
Revenue came in at $8.61 billion, vs. analysts’ estimate of $8.6 billion.
The company’s free cash flow of $1.5 billion was also ahead of the $1.3 billion expected by the Street.
However, operating profit margins in the fourth quarter narrowed to 18.8%, from 21.5% in the fourth quarter of 2020. Supply-chain challenges and lower manufacturing volumes were the main factors behind this decrease, eroding about 2.4 percentage points of margins.
MMM sees its Stochastic Oscillator climbs out of oversold territory
On May 24, 2022, the Stochastic Indicator for MMM moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 59 instances where the indicator left the oversold zone. In 31 of the 59 cases the stock moved higher in the following days. This puts the odds of a move higher at over 53%.
Current price $147.50 crossed the support line at $147.39 and is trading between $152.47 resistance and $147.39 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +3% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +0.05% Uptrend growth.
Following a +0.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where MMM advanced for three days, in 164 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 49%.
The Momentum Indicator moved below the 0 level on May 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on MMM as a result. In 55 of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 59%.
The Moving Average Convergence Divergence Histogram (MACD) for MMM turned negative on May 20, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 27 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 57%.
MMM moved below its 50-day Moving Average on May 19, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for MMM crossed bearishly below the 50-day moving average on May 23, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 35%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MMM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
MMM broke above its upper Bollinger Band on May 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MMM entered a downward trend on May 03, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1.25 to 1.
The Tickeron Valuation Rating of 13 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.605) is normal, around the industry mean (20.717). P/E Ratio (15.291) is within average values for comparable stocks, (42.541). Projected Growth (PEG Ratio) (2.049) is also within normal values, averaging (1.829). Dividend Yield (0.040) settles around the average of (0.032) among similar stocks. P/S Ratio (2.424) is also within normal values, averaging (109.598).
The Tickeron SMR rating for this company is 40 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 49 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 55 (best 1 - 100 worst), indicating fairly steady price growth. MMM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MMM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
The industry is involved in value-added processes including creation of metal structures like machines and parts by cutting, bending and assembling, using various raw materials. A fabrication shop often bids on a project/job, and then builds the product if awarded the contract. Robotics and automation are making their way into the industry apparently to fill in skills gap[s19] . RBC Bearings Incorporated, Timken Company and Valmont Industries, Inc. are some of the largest metal fabrication companies in the U.S.
The average market capitalization across the Metal Fabrication Industry is 9B. The market cap for tickers in the group ranges from 482 to 129.6B. HON holds the highest valuation in this group at 129.6B. The lowest valued company is BDGY at 482.
The average weekly price growth across all stocks in the Metal Fabrication Industry was 0.36%. For the same Industry, the average monthly price growth was 15.63%, and the average quarterly price growth was 9.41%. UPIN experienced the highest price growth at 24.61%, while PRTT experienced the biggest fall at -39.86%.
- 5/12/22 5:38 AM: 3M (MMM, $146.41) was a top loser this week, declining -5.07%. Expect a Downtrend reversal
- 5/5/22 4:57 AM: 3M (MMM, $154.23) was a top weekly gainer, with a +6.95% jump
- 3/19/22 4:49 AM: 3M (MMM, $148.32) was a top weekly gainer, with a +5.22% jump
The average weekly volume growth across all stocks in the Metal Fabrication Industry was -36.81%. For the same stocks of the Industry, the average monthly volume growth was -29.84% and the average quarterly volume growth was -26.32%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 30%. During the last month, the daily ratio of advancing to declining volumes was 1.42 to 1.
6 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 70%.
The most notable companies in this group are Honeywell International (NASDAQ:HON), 3M Company (NYSE:MMM).
The average market capitalization across the group is 10.1B. The market cap for tickers in the group ranges from 0 to 131.4B. HON holds the highest valuation in this group at 131.4B. The lowest valued company is APTL at 0.
The average weekly price growth across all stocks in the group was 0.82%. For the same group, the average monthly price growth was 40.89%, and the average quarterly price growth was -0.68%. GPOVF experienced the highest price growth at 20.31%, while ALGGF experienced the biggest fall at -22.23%.
- 5/24/22 7:00 AM: Global Tech Industries Group (GTII, $1.69) was a top loser this week, declining -5.59%
- 5/21/22 6:30 AM: Fosun International (FOSUF, $1) was a top weekly gainer, with a +8.7% jump
- 5/20/22 5:28 AM: San Miguel (SMGBF, $1.97) was a top loser this week, declining -5.74%
The average weekly volume growth across all stocks in the group was 362.03%. For the same stocks of the group, the average monthly volume growth was 176.45% and the average quarterly volume growth was 852.44%
- 5/21/22 6:24 AM: The volume for Icahn Enterprises stock increased for a consecutive 5 days, with an average daily gain of 97%
- 5/20/22 5:23 AM: The volume for Icahn Enterprises stock increased for four consecutive days, resulting in a record-breaking daily growth of 99% of the 65-Day Volume Moving Average
- 4/26/22 5:03 AM: The volume for NN stock increased for a consecutive 5 days, with an average daily gain of 107%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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