So we have finally arrived!
One of the biggest problems that has weighed on $MMM stock is finally over. 3M has finally agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who claim they suffered hearing loss while using the company's earplugs.
...Investors, what stocks did you buy or sell this month?
I've been buying $MO stock this month and this week on Monday I was overbought $CVS stock as it dropped a few % again and got below the $70 level and then on Monday I was overbought $BAC and $PFE stock as they are also at a great price. As far as selling goes, I have sold off all shares of $MMM at a profit during this month.
3M has faced several lawsuits and lawsuits recently as some 300,000 soldiers have sued the company over earplugs that were not supposed to work and allegedly damaged soldiers' hearing. However, the company is also facing many other problems. Another problem is that the company will be paying back a fine of USD 12.5 billion over 13 years for long-term water pollution. In...
Read more
Investors, what stocks and ETFs have you bought or sold recently and what stocks are you looking to buy or sell?
I like every month bought $SPY, $MO and $CVSandthis week I still bought part of $ASML stock. I'm not selling anything yet but next week I plan to sell off part of $MMM stock and otherwise hoard cash for any dips.
Investors, which company's results surprised you the most this week and which company's results are you looking forward to next week?
I was certainly pleased with $GOOGL's results and surprised by $MMM's results as I was expecting much worse given the situation they are currently in. As for next week, I'm looking forward to and interested in the results of $PFE, $CVS, $SBUX, $AM...
Read more
You may have noticed that the $MMM results were satisfactory, we saw more than the 5% jump I was hoping for. In the end, even I, originally a fan of 3M, sold my entire position. Litigation creates a lot of uncertainty and this was an opportunity for me to sell at a profit and accumulate more cash.
SP500 is slowly at 4600 points, so maybe that cash will come in handy. 😉
I am still holding $MMM stock and waiting to see what happens next and I have faith that the lawsuits will be resolved and the stock will rise even more. However, I will definitely not be buying MMM stock anymore.
I have been watching the $MMM results and I must say that I was pleasantly surprised by the results.
Next week we will report the results of several interesting and well-known companies such as $GOOGL, $MSFT, or $PG. I'm definitely interested in the results of $GOOGL, $PG, $MCD, and I'm also interested in the results of $MMM because of where they are. Of course, I look forward to seeing the results of the other companies as well.
What companies' results will you be watching...
Read more
3M shares are up more than 16% this year -.
Recently, this company has been facing many lawsuits and many indictments and because of that, $MMM stock is also down so much. A lot of people who bought $MMMstock obviously don't like these lawsuits and the falling stock, so they are thinking whether to sell 3M stock or still hold it.
I still hold 3M stock and I keep buying more every...
Read more
I'm watching them from afar. I found out about them here, as initially by all they do it looked good, but unfortunately those problems. I understand the popularity of those who hold them, but there are too many lawsuits and quite serious ones for me, what I've read has confirmed quite a lot of how it has affected health. There might be some of those expenses factored in, I might not see that as a bad thing, but especially what about reputation, I'd be more worried about a drop in orders.
Why did 3M $MMM stock appreciate significantly yesterday?
Unfortunately, there is no progress in the earplug lawsuit. The reason for the rise is that analysts at Bank of America upgraded their rating on the stock from Underperform to Neutral, citing a number of "near-term positives." Let's take a little look at their report.
...
Growth is great, but we're still hovering around that $100 zone. One day we're above, one day we're below. We're waiting for something bigger here. But when it comes, the move will be worth it. Inflation won't have that big of an impact on this stock (think today's results), but earnings might.
I wrote an article about it yesterday and today 1/2 of the problems are solved and $MMM stock is up less than 5% so far. I like it that way! 😄
3M has committed to pay up to $10.3 billion over the next 13 years to support PFAS remediation for public water suppliers (PWS) in the US. Now all we have to do is sort out the earplugs and we're done. As I wrote yesterday, the stock is...
Read more
Well, that's great news, and I'm glad to hear it. However, as Marek writes, earplugs will probably be a bigger problem.
It often writes about dividend stocks.
I would like to know what dividend stocks you have in your portfolio and if you would like to add any dividend stocks to your portfolio.
I have $CVS, $MMM and quite a few $MO stocks in my portfolio. For now, I plan to continue to add to these stocks. However, I would like to include a few more dividend stocks like $PEP, $PG, or maybe $T in...
Read more
Great!