3M Sold On Q4 News: Should We Care?

Filed under: Earnings Reports, 3M Corporation (MMM)

So, earlier today, I said that we shouldn't worry about the sell-off in Johnson & Johnson (JNJ) following the company's fourth-quarter earnings report. I'm going to say the same thing about 3M's (MMM) release. I just don't believe that the weakness I'm currently seeing should be feared.



With an hour to go before the end of the day as I write this, 3M is off by 2.8% to $87.80. I agree: a 2.8% retreat in a blue-chip equity isn't anything to immediately dismiss. But the 52-week low for this stock is $67.98, and the 52-week high is $91.49. The chart shows a company that seems to be fighting for higher levels. Perhaps the drop is a buying opportunity.

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3M Sold On Q4 News: Should We Care? originally appeared on BloggingStocks on Tue, 25 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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