Stock No. 1: 3M (MMM)
Click here to enter this stock into the Power Gauge right now You’ll find the rating is VERY BULLISH due to very strong earnings performance, very strong price/ volume activity and very positive expert activity.. 3M (MMM) produces more than 50,0000 products across 23 business divisions. These products touch the industrial, consumer, technology, health care, and transportation sectors. 3M has nearly 100,000 employees and conducts research and development in 55 different countries. Notably, the company has also been awarded approximately 122,416 patents. Here’s where the Chaikin Power Gauge comes into play...
You see, MMM’s earnings performance has been very strong. And the stock is priced relatively low compared to next year’s projected earnings per share. Looking into the technicals setup, there’s a lot of newfound opportunity at MMM. Share price and trading volume activity for MMM is Very Bullish. MMM is outperforming the S&P 500 and is experiencing sustained “smart money” accumulation as measured by Chaikin Money Flow. That means MMM is another recent example of a classic “Chaikin Bull”... It has a “very bullish” Power Gauge rating, is outperforming the market, and there was persistent buying in the stock.
Made with FlippingBook - professional solution for displaying marketing and sales documents online