3M Co (MMM): Today's Featured Conglomerates Winner

3M ( MMM) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 2.7%. By the end of trading, 3M rose $1.44 (1.3%) to $109.68 on average volume. Throughout the day, 2,513,283 shares of 3M exchanged hands as compared to its average daily volume of 2,866,700 shares. The stock ranged in a price between $108.73-$109.98 after having opened the day at $109.07 as compared to the previous trading day's close of $108.24. Other companies within the Conglomerates sector that increased today were: AcelRx Pharmaceuticals ( ACRX), up 3.2% and Trio Merger ( TRIO), up 1.5%.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $74.2 billion and is part of the conglomerates industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate 3M a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Pingtan Marine Enterprise ( PME), down 65.0%, Hemisphere Media Group ( HMTV), down 4.3% and Dex Media ( DXM), down 4.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series 1 ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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