Cue the $100 Roll
3M Co. (MMM) has been an incredible investment this year, increasing 30% while paying out a 2.5% annual dividend yield. The Post-It Note King could finally surpass the $100 share price before the end of the year.
Barron's put out a piece today titled 3M Can Post Further Gains. Thanks to today's news that 3M is going to pickup Ceradyne (CRDN) for about $860 million the company will be able to post further gains. Ceradyne means 3M will rake in more revenue in a number of industries, from energy to defense and transportation.
3M sports a P/E of 15 and its shares have been on a steady incline since summer. With the market trading sideways for the foreseeable future 3M looks attractive for a slow climb while paying out a dividend. Ceradyne could finally put 3M over the $100 price level.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Silver Surges 20% In Dollars and 28% In Sterling In June | ZeroHedge
- Police Called To Elementary School After 3rd Grader Makes 'Racist' Comment About A Brownie | ZeroHedge
- Two Union Workers In Spain Haven't Shown Up For Work In 15 Years | ZeroHedge
- Driver In Fatal Self-Driving Tesla Crash Had Recently Posted Video Praising Car's Autopilot | ZeroHedge
- Frontrunning: June 30 | ZeroHedge
- A Shocking Admission From The ECB: "We Are Concerned About The Shrinking Pool Of Eligible Debt" | ZeroHedge
- Art Cashin Sums It All Up | ZeroHedge
The most relevant financial news and articles from the Internets
- California's governor just signed 6 new gun-... | Business Insider
- People are sharing less on Instagram, according to a new report | Business Insider
- Hundreds of workers are walking off the job in protest at... | Business Insider
- The 50 best burger joints in America, ranked | Business Insider
- A tiny Wall Street firm is getting a huge payday on a big Hollywood deal | Business Insider
- 4 things you didn't know your iPhone could do | Business Insider
- This robot-powered restaurant could put fast food workers out of a job | Business Insider