3M on Tuesday reported fourth-quarter profit of $1.18 billion.» Read More
We are fast leaving behind the time that beating earnings because of cost efficiencies is sufficient to justify current multiples. Revenue growth must also return.
There are signs the nation's factories are stirring from one of the worst recessions in decades. If nothing else, hints of a rebound at big industrial firms will boost the stock market and lift people's 401ks.
The Dow closed below 10,000 on Friday after disappointing results from GE and BofA suggested the road to economic recovery will be bumpy.
Workers are fighting the flu around the clock at the Alpha Pro Tech factory in Salt Lake City, Utah.
Stocks pushed higher Tuesday but investors were tentative after Monday's M&A-inspired rally.
3M has soared almost 80 percent since the March market low, and recently hit its 52-week high. Where's the stock headed? Deane Dray, senior diversified industrials analyst at FBR Capital Markets, shared his views on the company.
The markets continued to inch up yesterday, posting gains for the seventh time in 8 days and are looking up again this morning on the open. While the Dow and S&P have mostly been up fractionally on those days over the past couple of weeks – string together those smaller gains, and notice they have rallied a notable 4% and 6%, respectively, since September 2.
With 3M nearing its 52-week high, how should you play industrials, which are arguably the new market leader?
Both the Dow and S&P closed in positive territory with optimism about potential M&A deals trumping concerns about trade friction between the United States and China.
Stocks closed higher for a fourth straight day on Wednesday, sending the S&P 500 to its best finish so far this year.
JP Morgan raised General Electric to overweight from neutral Tuesday, when it also raised the company's price target.
Time for rotation? Stock market bifurcates in 2009, but some argue to look for big names with no action.
Take your cash out from the sidelines because "there’s still a lot of stocks we can put money into today," said Robert Millen, co-portfolio manager at Jensen Portfolio.
The Consumer Price Index was unchanged for the month of July from June, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 2.1%, marking their sharpest decline since 1950.
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.
Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.
Stock index futures indicated a strong opening for Wall Street Monday, helped by European markets that hit a broader-index high for the year on better-than-expected bank earnings.
Thursday's continued string of better than expected earnings reports plus a better number on existing home sales encouraged the bulls and scared the shorts. 3M, Qualcomm, Bristol Meyers, Ford and McDonald's all did better than expected and they represent quite a cross section of industries. But I am still troubled by the fact that revenue growth is lacking and the better earnings are coming from cost cutting which can only go on for so long. I remain cautious.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.