MMM (3M Company): Buy

1= Strong Buy 5=Strong Sell

Summary:

3M Company is a diverse company with presences in Healthcare, display graphics, transportation, safety and many other sectors where technology plays a role.  It is one of the most solid competitors of GE and has a market cap of 45 billion dollars.  The stock is currently trading at $64.83 a share after rebounding from a 52-week low of $50.01 a share just days ago. MMM pays a solid dividend of $2.00 per share a year, which at these low stock prices is a yield of 3.08%. With a P/E of less than 14 MMM comes in just above the industry average but can still be considered very solid is likely to move up as the tech industry begins to recover. The stock's diversity allows it to react to news within a myriad of sectors.  With 67% institutional ownership there is not much volatility in this stock and during a recession and time of economic turmoil, it is always good to trade solid and stable companies. Because this stock moves with the markets we expect any rally in the Dow to lead a rally in this stock’s share price. Thus, as the markets stabilize and start to move up look for MMM to follow then into the green zone.