3M Stock Analysis - MMM Stock Analysis| NakedTrader

3M Stock Analysis - MMM Stock AnalysisShow more

The price of 3M is falling down, is it time to buy?
Lets find it out in today’s technical analysis.

Short analysis of Jan 30th 2023:
https://www.youtube.com/watch?v=RVHbMTBPtR8

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3M, formally known as the 3M Company, is a multinational conglomerate corporation headquartered in the United States. The company has a rich history dating back to its founding in 1902 as the Minnesota Mining and Manufacturing Company. The founders were five businessmen: Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle, and Dr. J. Danley Budd.

Initially, 3M started as a mining venture, with the intention of mining corundum, a mineral used in making sandpaper. However, when corundum was not found in substantial amounts, the company shifted its focus to developing other products. Over time, 3M evolved into a diverse and innovative company with a broad range of products across various industries.

One of 3M's early breakthroughs came in 1925 with the invention of masking tape, which was initially developed for the automotive industry. This marked the beginning of 3M's reputation for innovation and product diversity. The company's commitment to research and development has led to the creation of numerous products, including Scotch Tape, Post-it Notes, and a wide array of industrial and healthcare products.

3M went public in 1946, and its stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol "MMM." Over the years, 3M has continued to expand its operations globally, acquiring and developing new technologies, and diversifying its product portfolio.

As a conglomerate, 3M operates in various sectors, including healthcare, consumer goods, electronics, energy, and industrial manufacturing. The company's stock performance is influenced by factors such as global economic conditions, demand for its diverse product offerings, innovation, competition, and its ability to adapt to changing market dynamics.

3M's commitment to sustainability and corporate responsibility has also become an integral part of its corporate identity. The company's longevity and success can be attributed to its ability to consistently innovate and adapt to the evolving needs of industries worldwide.

Chapters

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00:00 ⏩ Intro
00:22 ⏩ 3M Stock Analysis - MMM Stock Analysis
05:30 ⏩ Thanks and Goodbye + Outro

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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.