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Stock Market & Financial Investment News

News Breaks
May 8, 2014
05:17 EDTMMM3M Company issued 52 patents
3M reached an innovation milestone with the issuance of 52 patents, moving the company’s total number of patents past the 100,000 mark.
News For MMM From The Last 14 Days
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October 24, 2014
16:54 EDTMMMMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
October 23, 2014
16:49 EDTMMMOn The Fly: Closing Wrap
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12:20 EDTMMMOn The Fly: Midday Wrap
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09:30 EDTMMM3M Company says 'on track' for sales, income growth targets
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09:04 EDTMMMOn The Fly: Pre-market Movers
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08:51 EDTMMM3M Company now sees FY14 tax rate 28.5%-29%
Prior view was 28%-29%. Comments from slides that will be presented on the Q3 earnings conference call.
07:34 EDTMMM3M Company sees 2014 EPS $7.40-$7.50 vs. previous $7.30-$7.55
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07:32 EDTMMM3M Company reports Q3 EPS $1.98, consensus $1.96
Reports Q3 revenue $8.14B, consensus $8.24B.
October 22, 2014
15:37 EDTMMMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
14:26 EDTMMM3M Company technical preview before earnings
In the prior three months the shares have moderately underperformed the broader averages. The trend had been sharply down from mid-September until the recent market rebound. The prior three months saw the shares hit its all time life high at $147.87. On better than expected results, a retest to that area would be highly probable although there is substantial resistance at the $145 area. If the news disappoints, there are broader technical implications for the long-term uptrend. A big level to watch is the recent low at $130.60. If there is a disappointment, that area could be retested. A move below the $130 area would break the long-term uptrend. The $130 level has been an area of support several times in the prior year, and loss of support at that area would therefore be psychologically significant and likely bearish for future price.
09:09 EDTMMM3M Company October weekly volatility elevated into Q3 and outlook
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October 20, 2014
07:22 EDTMMMSolar Energy Trade Shows to hold a conference
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October 15, 2014
14:40 EDTMMM3M Company receives orders from U.S. government for Enhanced Combat Helmet
3M announces it has received additional orders from U.S. government for its Enhanced Combat Helmet that provide military personnel with protection against head injury from ballistic threats and blunt impacts. 3M will deliver 35,000 helmets for the U.S. Army and 2,500 helmets for the U.S. Navy in addition to the 77,000 ordered for the U.S. Marine Corps last fall. The new orders bring the total contract value for Enhanced Combat Helmets and associated spare parts to $107M. This contract for over 114,000 helmets is an outcome of the joint procurement program led by the U.S. Marine Corps and the U.S. Army to improve head protection for Marines, Soldiers and Sailors.

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