Description
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal safety products, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and safety markets.
The Transportation and Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive and aerospace, and commercial solutions; advanced materials; and transportation safety products to transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products to healthcare industry.
The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies to various consumers. This segment is also involved in the retail auto care business. It offers its products through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company has a strategic collaboration with Merry Maids in residential cleaning sector. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
Our Global Proprietary Trading System indicates the following:
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bullish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bullish
Let us look at the fundamentals for 3M Company
PE: 21.79
EPS: 2.38
ROE: 44.24 %
Ann EPS Gro: 22.05 %
Last QTR EPS Gro: -2.06 %
Sales Gro QTR: 2.79 %
Beta : 0.96
Market Cap : 110B
Volume : 2.68M
Share Held Statistics
% Held by Insiders: 0.19%
% Held by Institutions: 66.53%
In light of the above trend analysis we will execute a series bullish trades on 3M Company.
It is best to wait for a pullback to $181.00 Level. However such pullback would require a deep correction. Hence we will adjust our position size accordingly.
Trade #1:
Global Entry Signal For Trade #1:$194.70
Global Trailing Stop Distance For Trade #1:30.79
Global Target Profit Trade #1 : $308.00
Trade #2: Executed from GATS#5
This trade is activated when Trade #1 from GATS#4 reaches a Secured Unrealized Profit (SUP) of 8DATR ((Break Even Point (BEP) + 4DATR)).
That is when the trade has realized 8DATR in our favor
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #4.
Trading is risky
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
