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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

3M ( MMM) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 0.2%. By the end of trading, 3M rose $1.54 (1.2%) to $128.90 on average volume. Throughout the day, 3,815,520 shares of 3M exchanged hands as compared to its average daily volume of 3,082,500 shares. The stock ranged in a price between $127.10-$129.20 after having opened the day at $127.60 as compared to the previous trading day's close of $127.36. Other companies within the Conglomerates sector that increased today were: Platform Specialty Products ( PAH), up 6.2%, Icahn ( IEP), up 3.5%, Caterpillar ( CAT), up 2.0% and Dow Chemical ( DOW), up 1.6%.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $84.3 billion and is part of the conglomerates industry. Shares are down 9.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate 3M a buy, 1 analyst rates it a sell, and 5 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, growth in earnings per share, good cash flow from operations, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, MGT Capital Investments ( MGT), down 7.3%, SAExploration Holdings ( SAEX), down 2.5%, Pingtan Marine Enterprise ( PME), down 2.4% and Quinpario Acquisition ( QPAC), down 1.6%.

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.

More from Markets

Stocks Are Lower as Dow Heads for Eighth Straight Drop

Stocks Are Lower as Dow Heads for Eighth Straight Drop

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Soars on Stem-Cell Treatment Data

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone