The U.S. stock market headed notably higher today, for a second straight session, helped by a late afternoon push. At the close of trading, the Dow Jones Industrial Average was up 120 points; the S&P 500 Index was higher by 15 points; and the technology-heavy NASDAQ was ahead 23 points.
The Federal Reserve concluded its latest Federal Open Market Committee (FOMC) meeting earlier this afternoon, and investors found few surprises either in what the lead bank did, or rather did not do, or in what it said following its latest get together.
3M Company (MMM) is a diversified manufacturer and technology company with operations in more than 70 countries. The Dow-30 component has a bevy of divisions with substantial positions in everything from the industrial realm to the consumer world. It set records last year in terms of both revenue and earnings with totals of $31 billion and $7.49 a share, respectively. The stock recently traded at a new all-time high at just north of $170 a share. With that, we will take a look at the July 17, 2015 Value Line report to get a better idea of which type of investors these shares are best suited for at this juncture.