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Tag Archives: 3m

3M Stock Down 2.99% as Trump Forbids Coronavirus Protection Gear Export

President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.American conglomerate 3M (NYSE: MMM) stock is experiencing not the best period. Though taking into account the products that the 3M company manufactures, the situation for it amid coronavirus could be just the opposite. On Friday, its stock lost 2.99% to trade at $133.79. After hours...

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3M Stock Up 3.58% Yesterday, Loses 2.82% Today, CDC May Tell People to Wear Cloth Masks

3M is facing turbulence as the Trump administration meddles with its operations, making MMM stock unpopular among investors despite their products being involved in the fight against COVID-19.On April 2, the White House confirmed that it might adjust previous guidelines that discouraged non-health workers from wearing medical face masks. The new change will come as ‘guidance’ from the CDC. However, President Trump said that, for now, it would not be made mandatory. Medical-grade masks...

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S&P 500 Could Get Back to Record Highs in 2021, JPMorgan Chase Says

JPMorgan’s chief U.S. equity strategist thinks that the S&P 500 could return to record highs by early next year if the U.S. policy of efficiently containing the coronavirus outbreak works and the government rapidly moves forward with fiscal stimulus.Last week was pretty damaging for the U.S. markets even though they had a day of positivity. However, they ended the week in the red. Just for reminder, U.S. stocks finished the session on Friday following predictions from Goldman Sachs on...

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3M (MMM) Stock Rises 6.02% as HHS Clarifies U.S. Has about 1% of Face Masks Needed

To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.The concerns of the coronavirus spread are rising every-single-day and the U.S. doesn’t seem to be prepared. On Wednesday, the Department of Health and Human Services clarified that the U.S. has only about 1% and not 10% of the N95 respirator masks. Such a situation...

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Coronavirus Could Be a Positive Game-Changer for These 5 Stocks

While many stocks are taking a big hit because of the coronavirus, the following 5 are some that are set up to benefit from the outbreak. Let’s have a look at them.The coronavirus outbreak is still driving a deep wedge into the world’s financial markets and stocks. As the situation continues to worsen, some of the world’s biggest companies are shedding significant weight in stocks as a result of the market disruptions from the coronavirus. In addition to that, the world’s richest people are...

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