La chaîne d'options affiche les données clés des options sur actions de 3M à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour 3M..

3M (NYSE:MMM) Stock, Chaîne d'Options

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.

3M Co

Avenira Ltd

QUAD M SOLUTIONS INC by Quad M Solutions Inc.

Quad M Solutions Inc

MERMAID MARITIME PCL by Mermaid Maritime Public Company Ltd.

Mermaid Maritime PCL

MAMMOTH RESOURCES CORP by Mammoth Resources Corp.

Mammoth Resources Corp

MASS MEGAWATTS WIND PWR by Mass Megawatts Wind Power, Inc.

Mass Megawatts Wind Power Inc

3M ORD

Throughout the last three months, 11 analysts have evaluated 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $142.0, a high estimate of $180.00, and a low estimate of $95.00. Marking an increase of 23.07%, the current average surpasses the previous average price target of $115.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1729623636_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive 3M. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Davis</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$180.00</td>
<td>-</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$146.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Underweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>John Eade</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$145.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$133.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$143.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Underperform</td>
<td>$95.00</td>
<td>$93.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to 3M. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of 3M compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of 3M's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into 3M's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MMM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on 3M analyst ratings.</a>
<h2>About 3M</h2>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
<h3>3M's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Negative Revenue Trend: Examining 3M's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -0.45% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: 3M's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.31%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): 3M's ROE excels beyond industry benchmarks, reaching 26.08%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): 3M's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: 3M's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.5, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Ratings For 3M

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JOBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$6.00</td>
<td>$42.3K</td>
<td>2.2K</td>
<td>11.4K</td>
</tr>
<tr>
<td>GRAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.50</td>
<td>$37.5K</td>
<td>450</td>
<td>5.5K</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.50</td>
<td>$75.2K</td>
<td>49.2K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$140.00</td>
<td>$98.0K</td>
<td>290</td>
<td>1.4K</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$160.00</td>
<td>$305.6K</td>
<td>377</td>
<td>973</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$15.00</td>
<td>$46.8K</td>
<td>320</td>
<td>274</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$24.00</td>
<td>$43.2K</td>
<td>1.0K</td>
<td>234</td>
</tr>
<tr>
<td>MYRG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$120.00</td>
<td>$106.8K</td>
<td>0</td>
<td>120</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$287.50</td>
<td>$38.3K</td>
<td>164</td>
<td>59</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$44.4K</td>
<td>1.1K</td>
<td>31</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For JOBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 25, 2024. This event was a transfer of 1058 contract(s) at a $6.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $40.0 per contract. There were 2214 open contracts at this strike prior to today, and today 11406 contract(s) were bought and sold. 
• Regarding GRAB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>), we observe a call option sweep with bearish sentiment. It expires in 59 day(s) on December 20, 2024. Parties traded 2500 contract(s) at a $4.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $15.0 per contract. There were 450 open contracts at this strike prior to today, and today 5532 contract(s) were bought and sold. 
• For ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on January 17, 2025. This event was a transfer of 2500 contract(s) at a $3.50 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $75.2K, with a price of $30.0 per contract. There were 49222 open contracts at this strike prior to today, and today 2675 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a put option sweep that happens to be bullish, expiring in 87 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $140.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $98.0K, with a price of $987.0 per contract. There were 290 open contracts at this strike prior to today, and today 1486 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option sweep that happens to be neutral, expiring in 10 day(s) on November 1, 2024. This event was a transfer of 597 contract(s) at a $160.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $305.6K, with a price of $512.0 per contract. There were 377 open contracts at this strike prior to today, and today 973 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a put option sweep with bearish sentiment. It expires in 24 day(s) on November 15, 2024. Parties traded 242 contract(s) at a $15.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $194.0 per contract. There were 320 open contracts at this strike prior to today, and today 274 contract(s) were bought and sold. 
• For ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we notice a call option trade that happens to be bullish, expiring in 24 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $24.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $216.0 per contract. There were 1001 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold. 
• Regarding MYRG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>), we observe a put option trade with bullish sentiment. It expires in 59 day(s) on December 20, 2024. Parties traded 120 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $106.8K, with a price of $890.0 per contract. There were 0 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold. 
• Regarding GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on November 1, 2024. Parties traded 59 contract(s) at a $287.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $650.0 per contract. There were 164 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option trade with bearish sentiment. It expires in 451 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $1480.0 per contract. There were 1101 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ACHR

GRAB

JOBY

LYFT

MYRG

10 Industrials Stocks With Whale Alerts In Today's Session

Wall Street traded lower for the second consecutive day on Tuesday, as investor sentiment turned cautious with the U.S. presidential election <a href="https://www.benzinga.com/topic/2024-elections">just two weeks away. </a>
Concerns over U.S. fiscal policies and potential shifts in economic direction fueled the pause in risk-taking.
The International Monetary Fund (IMF) upgraded its U.S. growth forecasts for 2024 and 2025 in the latest World Economic Outlook, while also flagging rising concerns about the country's debt trajectory, warning that with current large fiscal deficits, &#8220;the U.S. public debt is not stabilized.&#8221;
Commodities were the standout performers on Tuesday, with both metals and energy experiencing notable gains.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.8%, pushing further into record territory. This increase extended its year-to-date performance to 34%, positioning gold for its strongest <a href="https://www.benzinga.com/markets/bonds/24/10/41455678/gold-on-track-for-best-year-since-1979-veteran-investor-says-sell-bonds-buy-gold">annual gain since 1979.</a> Gold miners, as represented by the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), rallied for the ninth consecutive session, hitting their highest levels in over four years.
Silver, tracked by the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), surged 2.8%, reaching levels not seen since October 2012.
Oil prices rallied nearly 3%, building on a 2% surge from Monday. U.S. Treasury yields ticked up modestly on Tuesday following Monday's spike, with the 10-year yield settling at 4.21%.
Meanwhile, the U.S. Dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), climbed past the 104 mark, continuing its steady ascent and eyeing a fourth consecutive week of gains.
In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 0.5%, dipping to around $67,000 and marking its second consecutive day of declines.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In US Major Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,907.57</td>
<td>-0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,840.39</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,291.15</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,228.60</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.3% to $581.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% lower to $429.14.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.4% to $493.29.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% $221.04.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.6%. The Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Performers</h3>
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) surged 9%, on track for its strongest session in nearly a year, after reporting stronger-than-expected earnings and announcing an additional $5 billion share buyback program extending into next year.
Other stocks reacting to earnings include: 
<ul>
<li>Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), up 1.5%</li>
<li>Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), down 6%</li>
<li>W.R. Berkley Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>), down 4.6%</li>
<li>Zion Bancorp. N.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>), up 6.8%</li>
<li>Wintrust Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>), up 1.6%</li>
<li>Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), up 8.8%</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), down over 8%</li>
<li>Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), down 3%</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), down 4.4%</li>
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), down 0.4%</li>
<li>Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), down 5.8%</li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), down 0.4%</li>
<li>Moodys Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) down 4.5%</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), down 0.9%</li>
<li>Freeport-McMoran Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), up 1.4%</li>
<li>Kimberly-Clark Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), down 4%</li>
<li>PulteGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), down 5.7%</li>
</ul>
Large-cap companies reporting earnings after the close include Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>), Manhattan Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>), East West Bancorp. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)
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Image: Shutterstock

Earnings

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Mid Cap

Sector ETFs

Broad U.S. Equity ETFs

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$BTC

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Stocks Fall, GM Eyes Best Day In A Year, Gold Breaks Records, Silver Hits 12-Year Highs: What's Driving Markets Tuesday?

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 50 points on Tuesday.
The Dow traded down 0.09% to 42,891.94 while the NASDAQ slipped 0.28% to 18,488.16. The S&amp;P 500 also fell, dropping, 0.30% to 5,836.28.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41426981/top-4-consumer-stocks-that-may-dip-this-quarter">Top 4 Consumer Stocks That May Dip This Quarter</a>
Leading and Lagging Sectors Energy shares rose by 0.5% on Tuesday.
In trading on Monday, industrials shares fell by 1.1%.
Top Headline
3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported better-than-expected third-quarter adjusted EPS and sales and revised FY24 EPS guidance.
The company reported net sales of $6.294 billion, a slight increase of 0.4% year-over-year. Adjusted net sales totaled $6.068 billion, up 1.5% on year and marginally beating the consensus of $6.057 billion. Adjusted EPS was $1.98, up 18% Y/Y, beating the consensus of $1.90.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) shares shot up 20% to $74.21 after the company announced that it was granted FDA clearance for its 510(k) submission related to prior design changes made to the Zio AT device.</li>
<li>Shares of Mueller Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) got a boost, surging 16% to $83.91 after the company reported better-than-expected third-quarter sales results.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) shares were also up, gaining 40% to $1.2787 after the company announced the FDA approved an accelerated pathway for ST-920 in Fabry disease. A BLA submission is expected in 2025.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Genuine Parts Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares dropped 20% to $114.60 after the company reported mixed third-quarter financial results and cut its FY24 EPS below estimates.</li>
<li>Shares of Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) were down 11% to $71.71 after the company reported worse-than-expected third-quarter EPS and sales and cut its 2024 guidance.</li>
<li>Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) was down, falling 10% to $83.01 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 2.8% to $72.54 while gold traded up 0.5% at $2,753.70.
Silver traded up 2.4% to $34.900 on Tuesday, while copper rose 0.3% to $4.3745.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.21%, Germany's DAX fell 0.20% and France's CAC 40 fell 0.01%. Spain's IBEX 35 Index fell 0.07%, while London's FTSE 100 fell 0.14%.
Passenger car registrations in the European Union fell by 6.1% year-over-year to 809,163 units in September following a 18.3% decline in August.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 1.39%, Hong Kong's Hang Seng Index gaining 0.1%, China's Shanghai Composite Index gaining 0.54% and India's BSE Sensex falling 1.15%.
The annual inflation rate in Hong Kong fell to 2.2% in September from 2.5% in the prior month.
Economics
The composite manufacturing index in the US Fifth District came in at -14 for October compared to a reading of -21 in the prior month.
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News

Eurozone

Intraday Update

Markets

Trading Ideas

IRTC

LOGI

SGMO

Crude Oil Rises Sharply; 3M Posts Upbeat Earnings

Melius Research analyst Scott Davis upgrades 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) from Hold to Buy and announces $180 price target.

Upgrades

Price Target

Melius Research Upgrades 3M to Buy, Announces $180 Price Target

WIIM

3M shares are trading lower after the company reported Q3 financial results. The stock initially traded higher, but it has since reversed.

Financial giants have made a conspicuous bullish move on 3M. Our analysis of options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) revealed 17 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $680,649, and 6 were calls, valued at $250,295.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $134.0 to $150.0 for 3M over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for 3M's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale activity within a strike price range from $134.0 to $150.0 in the last 30 days. 
<h3>3M Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729608353_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.6</td>
<td>$13.25</td>
<td>$13.32</td>
<td>$145.00</td>
<td>$94.6K</td>
<td style="text-align: right;">588</td>
<td style="text-align: right;">581</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.6</td>
<td>$13.2</td>
<td>$13.35</td>
<td>$145.00</td>
<td>$93.4K</td>
<td style="text-align: right;">588</td>
<td style="text-align: right;">651</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$20.75</td>
<td>$17.85</td>
<td>$18.88</td>
<td>$150.00</td>
<td>$84.9K</td>
<td style="text-align: right;">156</td>
<td style="text-align: right;">480</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.9</td>
<td>$16.75</td>
<td>$16.87</td>
<td>$150.00</td>
<td>$76.0K</td>
<td style="text-align: right;">156</td>
<td style="text-align: right;">435</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$134.00</td>
<td>$59.9K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">172</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Having examined the options trading patterns of 3M, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of 3M</h3>
<ul>
<li>With a trading volume of 6,244,678, the price of MMM is down by -1.92%, reaching $132.25.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 0 days from now.</li>
</ul>
<h3>What The Experts Say On 3M</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $148.66666666666666.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on 3M with a target price of $146. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on 3M, maintaining a target price of $140. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on 3M with a target price of $160. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At 3M's Recent Unusual Options Activity

3M CEO Says Large Part Of Investment Going To Be In Safety & Industrial Business And Transportation & Electronics Business

Guidance

3M CO CEO Says In Q3 We Recovered $54M In Insurance Coverage Between Combat Arms And Public Water Suppliers; We Intend To Ramp Up Recovery Efforts And Expect Our Insurers To Honor Policy Obligations To US

3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares are trading higher after the company reported better-than-expected third-quarter adjusted EPS and sales and <a href="https://www.benzinga.com/pressreleases/24/10/n41446217/3m-reports-third-quarter-results-raises-full-year-2024-earnings-guidance" target="_blank" rel="noreferrer noopener">revised FY24 EPS guidance</a>.
The company reported&nbsp;net sales of&nbsp;$6.294 billion, a slight increase of&nbsp;0.4%&nbsp;year-over-year. Adjusted net sales totaled&nbsp;$6.068 billion, up&nbsp;1.5%&nbsp;on year and marginally beating the consensus of $6.057 billion. Adjusted EPS was&nbsp;$1.98, up 18% Y/Y,&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.90.</a>
Adjusted organic sales growth was&nbsp;1.0% in the quarter, including ~(1.0) ppt headwind from portfolio/geographic prioritization.
Adjusted operating margin expanded 1.4 percentage points to 23.0%, aided by organic growth, productivity, and restructuring.
Safety &amp; Industrial reported&nbsp;0.9%&nbsp;adjusted organic growth and adjusted operating margin contraction to 24.3% from 25.7% in the prior year quarter. Consumer segment reported an organic decline of 0.7%.
Operating cash flow for the quarter stood at $(1.8) billion, reflecting&nbsp;$3.6 billion&nbsp;net after-tax payments for costs of significant litigation, primarily Public Water Systems and Combat Arms Earplugs.
Adjusted free cash flow was&nbsp;$1.5 billion in the quarter. MMM returned&nbsp;$1.1 billion&nbsp;to shareholders via dividends and share repurchases.
Fiscal 2024&nbsp;Outlook: 3M revised FY24 adjusted EPS&nbsp;guidance&nbsp;to&nbsp;$7.20 &#8211; $7.30&nbsp;from&nbsp;$7.00 &#8211; $7.30&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the&nbsp;consensus of $7.26</a>.
3M revised adjusted&nbsp;total sales growth guidance to ~1% versus previously expected (0.25%) to&nbsp;+1.75%&nbsp;and, on an organic basis, ~1% (from flat to&nbsp;+2% prior).
Investors can gain exposure to the stock via&nbsp;ProShares Smart Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TINT#NYSE">TINT</a>) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/DOGG#BATS">DOGG</a>).
Price Action: MMM shares are up 3.83% at $140.00 premarket at the last check Tuesday.
Photo via Shutterstock
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Movers

DOGG

TINT

Post-It Maker 3M Q3 Earnings: Sales Growth Slows, Margins Expand, Raises Annual Profit Outlook

ZVSA: 71% &#x7C; <a href="https://www.benzinga.com//node/41449366">ZyVersa Therapeutics shares are trading higher after the company published data in the peer-reviewed journal, Aging Cell, demonstrating that obesity results in neuroinflammation implicated in development of neurodegenerative diseases.</a>
&nbsp;
IRTC: 20% &#x7C; <a href="https://www.benzinga.com//node/41448899">iRhythm Technologies shares are trading higher after the company announced that it was granted FDA clearance for its 510(k) submission related to prior design changes made to the Zio AT device.</a>
&nbsp;
MMM: 5% &#x7C; <a href="https://www.benzinga.com//node/41446276">3M shares are trading higher after the company reported better-than-expected Q3 adjusted EPS and sales and raised its FY24 EPS guidance.</a>

ZVSA

Market-Moving News for October 22nd

<h3>Gainers</h3>
<ul>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) stock increased by 64.8% to $3.18 during Tuesday's pre-market session. The market value of their outstanding shares is at $17.3 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) stock moved upwards by 9.89% to $2.0. The market value of their outstanding shares is at $5.2 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares moved upwards by 7.52% to $18.0. The company's market cap stands at $432.0 million. </li>
<li>Aeries Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AERT#NASDAQ">AERT</a>) stock rose 5.88% to $1.8. The market value of their outstanding shares is at $80.1 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares increased by 5.33% to $0.99. The company's market cap stands at $40.8 million. As per the news, the Q3 earnings report came out 4 days ago. </li>
<li>3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares rose 5.16% to $141.8. The company's market cap stands at $77.8 billion. As per the press release, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock declined by 9.9% to $1.35 during Tuesday's pre-market session. The market value of their outstanding shares is at $20.1 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) stock declined by 8.82% to $3.31. The company's market cap stands at $1.8 million. </li>
<li>MingZhu Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) shares declined by 8.44% to $1.52. The market value of their outstanding shares is at $7.2 million. </li>
<li>Nano Nuclear Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) stock fell 7.53% to $25.3. The market value of their outstanding shares is at $762.2 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) stock fell 7.15% to $1.17. The market value of their outstanding shares is at $52.5 million. </li>
<li>Global Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock declined by 6.97% to $31.8. The market value of their outstanding shares is at $1.2 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Advanced Environmental Recycling Technologies

AERT

CLIK

HYZN

MESA

PGHL

PITA

XPON

YGMZ

12 Industrials Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares increased by 64.8% to $3.18 during Tuesday's pre-market session. The market value of their outstanding shares is at $17.3 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares moved upwards by 9.89% to $2.0. The company's market cap stands at $5.2 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) stock rose 7.52% to $18.0. The market value of their outstanding shares is at $432.0 million. </li>
<li>Aeries Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AERT#NASDAQ">AERT</a>) shares increased by 5.88% to $1.8. The company's market cap stands at $80.1 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares rose 5.33% to $0.99. The company's market cap stands at $40.8 million. As per the news, the Q3 earnings report came out 4 days ago. </li>
<li>3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) stock increased by 5.16% to $141.8. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock declined by 9.9% to $1.35 during Tuesday's pre-market session. The company's market cap stands at $20.1 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares declined by 8.82% to $3.31. The market value of their outstanding shares is at $1.8 million. </li>
<li>MingZhu Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) stock decreased by 8.44% to $1.52. The company's market cap stands at $7.2 million. </li>
<li>Nano Nuclear Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) stock decreased by 7.53% to $25.3. The market value of their outstanding shares is at $762.2 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares decreased by 7.15% to $1.17. The market value of their outstanding shares is at $52.5 million. </li>
<li>Global Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock decreased by 6.97% to $31.8. The market value of their outstanding shares is at $1.2 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">sixth consecutive week</a>.
With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&amp;P 500 opened in the red.
Nearly a fifth of S&amp;P 500 companies are set to report their earnings this week. Cumulative earnings of S&amp;P 500 companies are set to rise for a fifth straight quarter, FactSet said.
On Tuesday, earnings from companies like GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will be on investors' radar.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.00%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.48%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.90%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.50% to $580.71 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.65% to $492.19, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Caution reigned the markets on the first day of the week, with the S&amp;P 500 and Dow Jones both ending the day in the negative, while the Nasdaq Composite registered gains.
AI stocks led the surge, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closing at a new all-time high. The positive sentiment rubbed off on rivals, too, with Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) emerging as some of the top gainers.
The Dow Jones Industrial Average and the S&amp;P 500 Index jumped to fresh highs in intraday trading on Friday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>18,540.01</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.18%</td>
<td>5,853.98</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.80%</td>
<td>42,931.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.60%</td>
<td>2,239.71</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Investors remained anxious about the prospect of future rate cuts amid comments from Federal Reserve officials urging for a cautious approach. Kansas City Fed President Jeff Schmid spoke in favor of moderation, saying "A cautious and deliberate course of action seems appropriate."
On the other hand, San Francisco Federal Reserve President Mary Daly said there is no reason for the Fed to hold rates steady. "I haven't seen any information that would suggest we wouldn't continue to reduce the interest rate," Daly <a href="https://www.wsj.com/livecoverage/stock-market-today-earnings-dow-sp500-nasdaq-live-10-22-2024/card/no-reason-to-pause-rate-cuts-fed-s-daly-tells-wsj-tech-live-jdoqlPmUWzaNiMQCCLSe">told</a> the Wall Street Journal.
Fundstrat Head of Research&nbsp;Tom Lee <a href="https://www.cnbc.com/video/2024/10/21/market-still-in-buy-the-dip-mode-says-fundstrats-tom-lee.html">told</a> CNBC in an interview that he expects companies in the S&amp;P 500 index to post a revenue growth of 5% this quarter.
"It is a really high-quality earnings season so far. It's a good beat season, but it's early," he said.
"Stocks which have been strong are really still a ‘buy the dip' market."
Going ahead, Lee says to watch out for industrial stocks, after a week of financial stocks having posted better-than-expected earnings.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data
The economic calendar for Tuesday is light, with only one major speech scheduled so far.
<ul>
<li>Philadelphia Fed President Patrick Harker is scheduled to speak at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares surged nearly 3% in premarket trading on Tuesday after the company reported better-than-expected earnings and raised its profit forecast for the third time this year.</li>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares rose over 1% in premarket trading ahead of the company's third-quarter earnings.</li>
<li>Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 witnessed price cuts in China on online platforms as part of Singles' Day promotions.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has seen an increase in price targets due to bullish demand for artificial intelligence. Bank of America raised its price target for Nvidia from $165 to $190, while investment research firm CFRA raised its target to $160.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged up in the early New York session, rising nearly 1.10% as China cut key lending rates to boost its economy.
The 10-year Treasury note yield rose marginally to 4.208%.
Asian markets were mixed on Tuesday, with Chinese markets edging lower amid economic growth concerns.
European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning">Tesla Shareholders Demand Answers From Elon Musk On Growing List Of Promises Ahead Of Q3 Earnings: From Affordable Models To FSD Rollout And Next-Generation Roadster</a></li>
</ul>
Photo courtesy: Shutterstock

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

AAPL

MRVL

NVDA

SMCI

US Stocks Remains On Edge Ahead Of Flurry Of Earnings From Lockheed Martin, GM And Others: This Is Still A 'Buy The Dip' Market, Says Expert

General

3M shares are trading higher after the company reported better-than-expected Q3 adjusted EPS and sales and raised its FY24 EPS guidance.

3M Revises FY24 Adj EPS Guidance To $7.20-$7.30 From $7.00-$7.30 vs. $7.26 Est

3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported quarterly earnings of $1.98 per share which beat the analyst consensus estimate of $1.90 by 4.21 percent. The company reported quarterly sales of $6.294 billion which beat the analyst consensus estimate of $6.057 billion by 3.92 percent. This is a 21.52 percent decrease over sales of $8.020 billion the same period last year.

Earnings Beats

3M Q3 2024 Adj. EPS $1.98 Beats $1.90 Estimate, Sales $6.294B Beat $6.057B Estimate

3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/MMM/earnings">opening bell on Tuesday, Oct. 22</a>.
Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings at $1.9 per share, down from $2.44 per share in the year-ago period. 3M projects to report revenue of $6.06 billion for the quarter, compared to $7.32 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 1, 3M named Anurag Maheshwari as Executive Vice President and CFO.
3M shares fell 0.2% to close at $134.84 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Mizuho analyst Brett Linzey maintained a Neutral rating and raised the price target from $105 to $146 on Oct. 17. This analyst has an accuracy rate of 74%.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and raised the price target from $145 to $160 on Oct. 2. This analyst has an accuracy rate of 77%.</li>
<li>Deutsche Bank analyst Nicole Deblase upgraded the stock from Hold to Buy and boosted the price target from $110 to $150 on July 31. This analyst has an accuracy rate of 81%.</li>
<li>Argus Research analyst John Eade upgraded the stock from Hold to Buy with a price target of $145 on July 30. This analyst has an accuracy rate of 77%.</li>
<li>Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and raised the price target from $100 to $133 on July 29. This analyst has an accuracy rate of 85%.</li>
</ul>
Considering buying MMM stock? Here&#8217;s what analysts think:
Read This Next:<a href="https://www.benzinga.com/news/24/10/41429862/this-analyst-with-85-accuracy-rate-sees-around-11-upside-in-netflix-here-are-5-stock-picks-for-last"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41429862/this-analyst-with-85-accuracy-rate-sees-around-11-upside-in-netflix-here-are-5-stock-picks-for-last">This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

3M Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is set to report its third-quarter financial results before Tuesday's opening bell. Here's a <a href="https://www.benzinga.com/news/earnings/24/10/41404049/should-3m-stock-be-part-of-your-portfolio-ahead-of-q3-earnings">look at what to expect. </a>
The Details: 3M shares have gained more than 40% in 2024, though the rally has stalled heading into Tuesday's earnings release. Analysts expect the company to report earnings of $1.90 per share. Notably, the company has beat earnings estimates for the last six consecutive quarters.&nbsp;
Revenue is estimated to come in 26.6% lower compared to the same quarter of 2023 due in large part to the spin-off of 3M&#8217;s Health Care business, completed in April 2024. However, 3M's third-quarter performance is <a href="https://www.benzinga.com/news/earnings/24/10/41404049/should-3m-stock-be-part-of-your-portfolio-ahead-of-q3-earnings">likely to have benefited</a> from strength across end markets, inventory normalization and cost-saving initiatives.
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
What Else: 3M's new CEO Bill Brown is recalling managers to the office three days per week, according to <a href="https://www.bloomberg.com/news/articles/2024-10-21/3m-ends-remote-friendly-policy-by-asking-bosses-back-three-days?sref=TBDibEcD">a report </a>from Bloomberg. The company will expect employees at the director level and above to come into an office Tuesday through Thursday, which the company has named as "collaboration days."&nbsp;
The move is a reversal of the company's "Work Your Way" policy which had allowed desk-based employees to work remotely since 2020. Brown has said that his priority is "reinvigorating the 3M innovation machine" and bringing employees back to the office may be an effort to increase productivity as the company attempts a turn-around.&nbsp;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, 3M shares are up % at $ at the time of publication Monday.
Read Also:&nbsp;
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
</ul>
Image: Shutterstock&nbsp;

3M Earnings Preview: Can The Industrial Giant Beat Expectations Again?

Whales with a lot of money to spend have taken a noticeably bullish stance on 3M.
Looking at options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $94,794 and 9, calls, for a total amount of $1,836,882.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $133.0 and $140.0 for 3M, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for 3M's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale activity within a strike price range from $133.0 to $140.0 in the last 30 days. 
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729524673_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.25</td>
<td>$135.00</td>
<td>$1.4M</td>
<td>175</td>
<td>2.0K</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$4.0</td>
<td>$3.95</td>
<td>$3.95</td>
<td>$138.00</td>
<td>$103.7K</td>
<td>1.4K</td>
<td>1.3K</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$6.35</td>
<td>$5.95</td>
<td>$5.96</td>
<td>$135.00</td>
<td>$59.6K</td>
<td>3.7K</td>
<td>204</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$4.65</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$137.00</td>
<td>$49.9K</td>
<td>148</td>
<td>111</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$136.00</td>
<td>$44.0K</td>
<td>654</td>
<td>670</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Following our analysis of the options activities associated with 3M, we pivot to a closer look at the company's own performance.
<h3>Where Is 3M Standing Right Now?</h3>
<ul>
<li>With a volume of 1,143,079, the price of MMM is down -0.9% at $133.93. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 1 days.</li>
</ul>
<h3>What Analysts Are Saying About 3M</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $148.66666666666666.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for 3M, targeting a price of $140. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on 3M, which currently sits at a price target of $160. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for 3M, targeting a price of $146. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of 3M's Latest Options Trends

3M in charts: Transportation & Electronics adjusted net sales drop ~11% Q/Q in Q3

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J.P. Morgan analyst Stephen Tusa maintained a Buy rating on 3M (MMM – Research Report) today. The company's shares opened today at $140.62. Accordi...

J.P. Morgan Reaffirms Their Buy Rating on 3M (MMM)

4 stocks to watch on Tuesday: MMM, TXN and more

Melius Research upgraded 3M (MMM) to Buy from Hold with an $180 price target Published first on TheFly – the ultimate source for real-time, market-...

3M upgraded to Buy from Hold at Melius Research

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Melius upgrades 3M to Buy, 'very, very positive' on new CEO Bill Brown

AKBA

CAKE

COHR

CSIQ

FSLR

HNDAF

HSBC

UBER

UBSFY

Press Releases

Consumer Protection Law Firm Hagens Berman Sues 3M, Others in Class Action Alleging PFAS "Forever Chemicals" in Millions of Carpets

3M announces it has made and sold more than 300 million Friction Shims worldwide

3M celebrates 10 years of excellence with the 3M Xtract Cubitron II Film Disc 775L

Entertainment

3M's "Green Works" docuseries spotlights how green jobs can help drive a more sustainable future

3M's "Clash of the Grinders" returns: New season of welding and metalworking competition streaming now

3M introduces WorkTunes Connect + Solar Hearing Protector, a first-of-its-kind continuous solar charging headset for consumers

3M achieves Science Based Targets initiative validation, strengthening commitment to decarbonization and customer innovation

3M Announces Upcoming Investor Event

14-year-old named America's Top Young Scientist for inventing an AI handheld pesticide detector

3M Reports Third-Quarter Results; Raises Full-Year 2024 Earnings Guidance

1847 Holdings

Hyperscale Data

Honeywell International Inc. - Common Stock

Honeywell Intl

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests

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