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Posts for Ticker ‘MMM’

Positive Earnings Show From All 5 DJIA Components (T, MCD, MRK, MMM, TRV)

We have seen earnings from five of the thirty DJIA components this morning alone. All were above expectations, even if some of the year over year comparisons do not look that great at some. We had AT&T Inc. (NYSE: T), McDonald’s Corp. (NYSE: MCD), Merck & Co. (NYSE: MRK), 3M Co. (NYSE: MMM), and The Travelers Companies, Inc. (NYSE: TRV) all on deck. We included estimates from Thomson Reuters for comparison, as well as performance and relative color where applicable.
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Posted on: October 22, 2009 – 8:28 am in Earnings, MCD, MMM, MRK, T, TRV

7 More DJIA Stocks on Earnings Deck (BA, MMM, AXP, T, MCD, MRK, MSFT, MO, HON)

We have already run the 5 of the 30 DJIA components that reported earnings this morning. But we still have 7 more of the 30 DJIA components reporting during the rest of this week alone. The Boeing Company (NYSE: BA), 3M Company (NYSE: MMM), American Express Company (NYSE: AXP), AT&T, Inc. (NYSE: T), McDonald’s Corporation (NYSE: MCD), Merck & Co., Inc. (NYSE: MRK), and Microsoft Corporation (NASDAQ: MSFT) are all on the earnings docket this week. We also have earnings from Altria Group, Inc. (NYSE: MO) and from Honeywell International Inc. (NYSE: HON), both of which are ex-DJIA components that many traders and investors still think of as Blue Chips.

We have created detailed earnings previews for each stock with consensus estimates from Thomson Reuters, as well as earnings data and color for what to watch out for where applicable. Also included is how much each stock has rallied since June 30 and since the March 9 close that all traders mark as the low index closing date and the end of the death-spiral bear market we were in earlier this year.
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Posted on: October 20, 2009 – 11:38 am in Calendar, Earnings, AXP, BA, HON, MCD, MMM, MO, MRK, MSFT, T

Boeing’s (BA) CEO Finds A Scapegoat

The launch of Boeing’s 787 Dreamliner has been delayed so often that it would be comical except that the aerospace firm’s shareholders and customers are not laughing. Boeing trades at $50, down from more than $100 less than two years ago. Management has been appropriately blamed for most of the tardiness which has been caused by labor unrest, supply chain problems, and design flaws. Each time the delivery date was pushed back again, investors wondered why management was getting a vote of confidence from the board. Read More »

Posted on: August 31, 2009 – 9:35 pm in Aerospace, Airlines, Compensation, Corporate Governance, Management Change, BA, GE, MMM

Top 10 Analyst Upgrades and Downgrades (AGN, BKC, BEN, GPS, GENZ, HURN, MMM, SSS, WEN, UTHR)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street firms early this Monday morning:

Allergan (AGN) Raised to Outperform at Baird.
Burger King (BKC) Cut to Neutral at JP Morgan.
Franklin Resources (BEN) Raised to Buy at Goldman Sachs.
Gap (GPS) Raised to Overweight at Barclays.
Genzyme (GENZ) Cut to Neutral at UBS.
Huron (HURN) Cut to Hold at Deutsche Bank; Cut to Underperform at Oppenheimer; Cut to Underperform at Baird.
3M (MMM) Raised to Buy at Goldman Sachs.
Sovran Self Storage (SSS) Cut to Underperform at Oppenheimer.
Wendy’s (WEN) Raised to Buy at UBS.
United Therapeutics (UTHR) Cut to Hold at Jefferies.

Jon C. Ogg
August 3, 2009

Posted on: August 3, 2009 – 7:43 am in Analyst Calls, AGN, BEN, BKC, GENZ, GPS, HURN, MMM, SSS, UTHR, WEN

Earnings Previews for 11 of 30 DJIA Components This Week (CAT, DD, MRK, KO, PFE, BA, MMM, AXP, T, MCD, MSFT, MO)

This week will mark the first crest of earnings season as we have 11 of the 30 DJIA components reporting earnings this week alone. On Tuesday, we have earnings from Caterpillar Inc. (NYSE: CAT), DuPont (NYSE: DD), Merck & Co., Inc. (NYSE: MRK), The Coca-Cola Company (NYSE: KO). On Wednesday, we have Pfizer Inc. (NYSE: PFE) and Boeing Co. (NYSE: BA) on deck. On Thursday, we have 3M Company (NYSE: MMM), AT&T, Inc. (NYSE: T), McDonald’s Corporation (NYSE: MCD) and Microsoft Corp. (NYSE: MSFT). Altria Group, Inc. (NYSE: MO), a fairly recent DJIA-booted also reports Wednesday. We have detailed earnings estimates and additional preview data below:
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Posted on: July 20, 2009 – 11:39 am in Earnings, AXP, BA, CAT, DD, KO, MCD, MMM, MO, MRK, MSFT, PFE, T

Top Early Bird Analyst Calls (APC, NLY, CTL, KEY, INTC, LSI, MMM, MRVL, STO, STLD)

These are the top pre-market early-bird analyst calls we have seen with about two and a half hours until the market opens this Tuesday morning:

Anadarko Petroleum (APC) Raised to Buy at BofA/Merrill Lynch.
Annaly Mortgage (NLY) STarted as Overweight at Barclays.
CenturyTel (CTL) Raised to Buy at UBS.
KeyCorp (KEY) Raised to Outperform at KBW.
Intel (INTC) Raised to Neutral at BofA/Merrill Lynch.
LSI Corp. (LSI) Raised to Buy at BofA/Merrill Lynch.
3M (MMM) Started as Buy at Jefferies.
Marvell Tech (MRVL) Raised to Buy at BofA/Merrill Lynch.
StatoilHydro (STO) Raised to Buy at BofA/Merrill Lynch.
Steel Dynamics (STLD) Raised to Buy at BofA/Merrill Lynch.

JON C. OGG

Posted on: July 7, 2009 – 6:12 am in Analyst Calls, APC, CTL, INTC, KEY, LSI, MMM, MRVL, NLY, STLD, STO

Top Analyst Upgrades (AZN, BMR, ETR, MMM, NFLX, NVO, SWK)

These are some of the top pre-market analyst upgrades we have seen from Wall Street early this Monday morning:

AstraZeneca (AZN) Raised to Buy at UBS.
BioMed Realty Trust (BMR) Raised to Outperform at Oppenheimer.
Entergy (ETR) Raised to Buy at Jefferies.
3M (MMM) Raised to Equal-Weight at BVarclays.
Netflix (NFLX) Raised to Buy at Citigroup.
Novo Nordisk (NVO) Raised to Buy at Citigroup.
Stanley Works (SWK) Raised to Outperform at Baird.

JON C. OGG

Posted on: April 27, 2009 – 6:54 am in Analyst Calls, AZN, BMR, ETR, MMM, NFLX, NVO, SWK

Cramer Touting More Dividend Growers (PG, APD, NAT, MMM)

Jim Cramer’s featured list of stocks this week on CNBC’s MAD MONEY is on companies which have grown or will grow their dividends. Tonight, Cramer touted Proctor & Gamble Co. (NYSE: PG) with a current yield of 3.4%. Cramer said he normally wouldn’t back a defensive stock if we are close to a recovery, but the new money flow may debase the currency. Cramer thinks P&G is a weak currency beneficiary and he thinks its pricing power can stick with its branding. If this stock’s dividend safety sounds familiar, it is because P&G was one of our own big list of companies which we said would not cut its dividend.

On Monday evening, Cramer noted two others in detail: Air Products & Chemicals Inc. (NYSE: APD) and Nordic American Tanker (NYSE: NAT).

Also, we noted that 3M Co. (NYSE: MMM) is another stock which recently hiked its quarterly payout to holders. 3M shares are up over 20% from recent lows, and it is likely that the company would be one of the feature stocks Cramer discusses this week regarding dividend hikes.

Jon C. Ogg
March 24, 2009

Posted on: March 24, 2009 – 5:42 pm in Consumer Goods, Cramer, Dividend, APD, MMM, NAT, PG

Cramer Touts Dividend Growers (APD, NAT, MMM, GE)

It looks like Jim Cramer is doing a new feature list of companies this week that may actually grow their dividends or that have boosted dividends. On tonight’s MAD MONEY on CNBC, Cramer noted Air Products & Chemicals Inc. (NYSE: APD) as a gasses company that said it has growing conviction. He noted that the company’s record date or his “must own date” is March 27, and he thinks that the higher dividend would come after that. He noted that the earnings cover the dividend 2.2-times over. It does have a currency problem, but it would be a great weak dollar play.

Cramer also brought on CEO Herbjorn Hansson of Nordic American Tanker (NYSE: NAT) to discuss whether the company’s earnings are strong and to speak about the dividend. He said WE SHALL NOT CUT OUR DIVIDEND, but he did say the dividend will follow the market: “Higher market, higher dividend; lower market; lower dividend.” Hansson also noted that he’d take advantage of acquisitions when he could, but acquisitions would be made if they increased the ability to pay out the dividend. The CEO also noted that the recent secondary was not dilutive. Cramer said this is the only tanker stock that he would endorse right now, although the dividend reasoning may be a bit “tied to the market” for the feature reference here in a classic sense.
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Posted on: March 23, 2009 – 6:08 pm in Cramer, Dividend, APD, GE, MMM, NAT

S&P Takes 3M Down A Notch (MMM, GE)

Standard & Poor’s has just downgraded conglomerate 3M Company’s (NYSE: MMM) corporate credit and senior unsecured ratings to “AA-” from “AA.” It affirmed the “A-1+” short-term credit rating and the new outlook is listed as STABLE.
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Posted on: March 18, 2009 – 2:19 pm in Analyst Calls, Conglomerates, GE, MMM

DJIA: Don’t Reshuffle Index, Just Cease The Index (GE, MMM, AA, GM, C, BAC, AIG, HON, DIA, SPY)

burning-money-pic10 The Dow Jones industrial average, or DJIA, is perhaps the mostly widely recognized index in the world. When people talk about “The Market” in cabs and in bars, and on the phone, they do not really mean the advance/decline line. They do not mean the S&P 500. They don’t even mean the tech-heavy NASDAQ. They mean the stodgy old DJIA.

There has been much discussion about the Dow now that so many of its members are trading are well under $10.00 (and some challenging $1.00). This may sound like lunacy, but there are many reasons that this long-time market barometer should be killed.

Posted on: March 5, 2009 – 4:42 pm in ETF, Index, AA, AIG, BAC, C, DIA, GE, GM, HON, MMM, SPY

Dow Chemical Dividend Lesson For GE (DOW, GE, MMM)

How Far Could $5 Billion Go?

Dow Chemical Co. (NYSE: DOW) probably would have had a much better day if the market did not plunge at the end of the day. In university finance classes they teach you that cutting dividends is a bad move, but that isn’t the case when the yield has gone parabolic and when companies have to go into preservation mode. This is something that we suspect General Electric Co. (NYSE: GE) will follow soon.
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Posted on: February 12, 2009 – 4:40 pm in Dividend, cutting dividends, DOW, Dow Chemical, Dow dividend, GE, GE dividend, General Electric, MMM

3M Adds Pressure On GE Dividend Situation (MMM, GE)

money_stack_pic5 3M Co. (NYSE: MMM) just did the opposite of what many large companies are doing in the current liquidity-crunched environment. The conglomerate just raised its dividend to $0.51 per share. We have been commenting how General Electric Co. (NYSE: GE) needs to cut its dividend, so it is important to see how these two compare.
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Posted on: February 10, 2009 – 7:06 pm in Conglomerates, Dividend, Buckley, Dividend, GE, GE dividend, Immelt, MMM

3M Joins the Renewable Energy Parade (MMM)

The 3M Company (NYSE:MMM) announced this morning that it was launching a new Renewable Energy Division. The division includes two business, Energy Generation and Energy Management. The Energy Generation business focuses on 3M products that "help reduce the cost of renewable energy." The Energy Management business will concentrate on window film products that reduce the amount of heat and ultraviolet light that penetrate plain building and auto glass.

Posted on: February 2, 2009 – 9:50 am in Alternative Energy, Conglomerates, MMM

Major Companies Realize Futility of Stock Buybacks (MO, MMM, T, EK, T, PHG)

More and more companies are either suspending or killing their share repurchases and stock buyback plans. Some are doing it to conserve cash in a much harder operating environment. But many companies have figured out that shrinking their floats by a marginal amount does little to support their stocks. We have given some detailed data below on the "no more buybacks" status of Altria Group Inc. (NYSE: MO), 3M Co. (NYSE: MMM), Eastman Kodak Company (NYSE: EK), AT&T, Inc. (NYSE: T), and Royal Philips Electronics (NYSE: PHG).

Posted on: January 29, 2009 – 11:05 am in Labor & Unions, Shareholder Issues, Stock Buybacks, EK, MMM, MO, PHG, T

Pre-Market Analyst Upgrades & Downgrades (ADSK, CVA, SFD, MMM, ATU, BLK, CBEY, ITW, RFMD, ROP, UPS)

These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning:

AutoDesk (ADSK) Started as Buy at KeyBanc.
Covanta (CVA) Started as Buy at Jefferies.
Smithfield Foods (SFD) Raised to Buy at Deutsche Bank.
3M (MMM) Cut to Underweight at Barclays.
Actuant (ATU) Cut to Neutral at Baird.
BlackRock (BLK) Cut to Market Perform at Wachovia.
Cbeyond (CBEY) Cut to Underperform at Jefferies.
Illinois Tool Works (ITW) Cut to Underweight at Barclays.
RF Micro Devices (RFMD) Cut to Neutral at UBS.
Roper (ROP) Cut to Hold at Citigroup.
UPS (UPS) Cut to Neutral at JPMorgan.

Jon C. Ogg
December 9, 2008

Posted on: December 9, 2008 – 7:40 am in Analyst Calls, ADSK, ATU, BLK, CBEY, CVA, ITW, MMM, RFMD, ROP, SFD, UPS

3M Joins Layoffs & Guidance Cut Game (MMM)

3M (NYSE: MMM) is joining the layoff front. This morning the company previewed a presentation it would give institutional investors detailing cost cutting actions. The company is lowering guidance and announcing layoffs.

Posted on: December 8, 2008 – 7:41 am in Conglomerates, Earnings Warning, Labor & Unions, MMM

Media Digest 12/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the Senate will return to auto bailout talks this week.

Reuters reports that Merrill Lynch (MER) CEO Thain is seeking his $10 million bonus.

Reuters reports that unsold cars are piling up, including formerly profitable hybrids.

Reuters writes that the Fed’s Kroszner said that banks need to broaden their view of risk.

Posted on: December 8, 2008 – 3:49 am in Press Digest, GM, HPQ, INTC, KR, MMM, NYT, NYX

Major Industrial Earnings Surviving, But Not Thriving (MMM, CAT, LMT)

This morning there have been earnings reports from key industrial and defense stocks from the likes of 3M Co. (NYSE: MMM), Caterpillar Inc. (NYSE: CAT), and Lockheed Martin Corporation (NYSE: LMT). These have all reported earnings that Wall Street appears to be digesting well. None of these numbers are blow-out numbers, but they are also not indicative of the orders at major companies falling off of a cliff into the abyss.

Posted on: October 21, 2008 – 7:16 am in Earnings, CAT, LMT, MMM

Tuesday’s Earnings Represent True Economy Strengths & Weakness (MMM, AAPL, CAT, DD, LMT, NSC, YHOO)

Tuesday is going to look like it is a true earnings bogey for the entire economy with major industrials and other companies which are representative of the strength or weakness of the entire economy. We have earnings from 3M Co. (NYSE: MMM), Apple Inc. (NASDAQ: AAPL), Caterpillar (NYSE: CAT), DuPont (NYSE: DD), Lockheed Martin Corporation (NYSE: LMT), Norfolk Southern Corp. (NYSE: NSC), and Yahoo Inc. (NASDAQ: YHOO). There are others reporting as well, but these below are the ones we have chosen to issue preview over. Here we have given overall pull-backs from highs, detailed expectations, changes expected from last year, guidance expectations, and other individual metrics.

Posted on: October 20, 2008 – 3:51 pm in Earnings, Economy, AAPL, CAT, DD, LMT, MMM, NSC, YHOO

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