The 3M Company (MMM) is no longer the stalwart it once was. In the most recent quarter, 3M reported EPS of $2.48/share, barely beating expectations. Over the past few years, sales growth has been okay, but earnings have been flat. YOY sales and earnings are both down. 3M is currently facing a strong dollar, recession, … [Read more...]
Weathering the Storm
“If you want to see the sunshine, you have to weather the storm.” - Frank Lane The storm is here! From the time between my last article and today, we’ve entered a brutal correction. The S&P is down more than 10% and the tech-heavy Nasdaq is down over 20%. So, technically we are in a bear market, depending on which index you look at. … [Read more...]
Buying Global
In recent weeks several clouds of uncertainty have dissipated. We now have a handful of strong vaccine candidates ready to distribute in the near future. These vaccines have upwards of a 90% effective rate, allowing us to end the pandemic in 2021. We also got past the chaotic 2020 election with a deeply divided government. … [Read more...]
Apple: King of the Dow
The coronavirus continues to ravage the U.S. economy. Cases are still largely rising in parts of the south and some states have even paused their reopening plans. Needless to say, the economy may take a bit longer to recover. Even so, there are certainly bright spots in the market. Some big tech firms are defying the trend … [Read more...]
The Great Comeback
As of June 10th the Dow closed at close to 27k and the Nasdaq hit another all-time high! Companies beaten down by the pandemic are seeing their prices recover from March lows. At the same time, companies that flourished during the pandemic are driving the tech heavy Nasdaq to new heights. My securities like Apple, Amazon, and Microsoft all … [Read more...]
A Great Depression?
Earlier last week, nearly 3 million unemployed workers applied for benefits last week. This comes as companies continue eliminating jobs in the face of a viral pandemic. This brings the total number of jobless claims to close to 36 million. Some areas of the country are experiencing an unemployment rate of over 30%; similar to … [Read more...]