
Job Interviews Enter a Strange New World With AI That Talks Back
For better or worse, the next generation of job interviews has arrived: Employers are now rolling out artificial intelligence simulating live, two-way screener calls using synthetic voices.
Startups like Apriora, HeyMilo AI and Ribbon all say they're seeing swift adoption of their software for conducting real-time AI interviews over video. Job candidates converse with an AI 'recruiter' that asks follow-up questions, probes key skills and delivers structured feedback to hiring managers. The idea is to make interviewing more efficient for companies — and more accessible for applicants — without requiring recruiters to be online around the clock.
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Trump withdraws Jared Isaacman's nomination to lead NASA ‘after a thorough review of prior associations'
President Donald Trump on Saturday rescinded his nomination of tech billionaire Jared Isaacman to lead NASA, citing a 'thorough review of prior associations.' The president pledged in a social media post that a new nominee would be 'mission aligned' and 'put America first in Space.' 'After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA. I will soon announce a new Nominee who will be Mission aligned, and put America First in Space,' Trump wrote on Truth Social. The shake-up comes just days before the Senate was expected to vote on the nomination of Isaacman, who has twice traveled to space on private missions and has close ties to SpaceX chief Elon Musk. The White House said earlier Saturday it would announce a replacement candidate to serve as Trump's pick to lead NASA, indicating it was withdrawing Isaacman's nomination. 'It's essential that the next leader of NASA is in complete alignment with President Trump's America First agenda and a replacement will be announced directly by President Trump soon,' White House assistant press secretary Liz Huston said. Records on OpenSecrets, a nonpartisan organization that tracks money in politics, show Isaacman donated to Democrats as recently as the 2024 election cycle, though he donated to Republicans in prior years. But on social media, he has largely refrained from voicing a stance on hot-button political issues. During Isaacman's confirmation hearing before the Senate Committee on Commerce, Science and Transportation in April, he said he has 'been relatively apolitical.' That posture is in line with how past NASA administrators have sought to position themselves. While the role has been filled by civil servants, engineers, scientists and, more recently, politicians — each has emphasized the importance of working across the aisle. That's because NASA's goals often involve projects that cost billions of dollars and require years of research and development to bring to fruition — often bridging multiple presidential administrations. Isaacman sent shock waves through the space community when Trump first tapped him for NASA administrator in December, CNN previously reported. Isaacman's appointment was also met with broad support in the space community, which viewed him as a passionate leader, and his spaceflight experience was considered a bonus. Isaacman, the CEO of payments platform company Shift4, was viewed with deep skepticism by Democratic lawmakers concerned he would use his position at NASA to advance Musk's personal interests. During Isaacman's confirmation hearing, he signaled he would back an effort to land humans on Mars. The remarks were notable because NASA has been squarely focused on the Artemis program, which aims to return astronauts to the moon, since Trump's first term. Only since Musk became a close Trump ally in 2024 has the president vocalized an interest in human exploration of Mars, which has been Musk's longtime goal. Isaacman indicated during the confirmation hearing that he hoped to back both the Artemis program's underlying goals and 'prioritize sending American astronauts to Mars.' 'Along the way (to Mars), we will inevitably have the capabilities to return to the Moon and determine the scientific, economic and national security benefits of maintaining a presence on the lunar surface,' Isaacman said. CNN has reached out to Isaacman for comment. NASA referred inquiries to the White House. Musk, who led the Department of Government Efficiency as Trump's 'first buddy,' departed the administration this week. The tech billionaire, who had recently publicly disagreed with Trump, said he'll 'remain a friend and adviser' to the president. Musk promised to refocus on SpaceX and Starship, the gargantuan rocket system that he hopes will be capable of carrying convoys of humans to Mars. Still in the early stages of development, Starship prototypes have lost control and exploded during three test flights this year, including one on Tuesday. This story and headline have been updated with additional information.
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3M Rises 15.8% YTD: Should You Buy the Stock Now or Wait?
3M Company's MMM investors have been witnessing some short-term gains from the stock of late. The conglomerate giant's shares have gained 15.8% in the year-to-date period, outpacing the industry's and the S&P 500 composite's growth of 2.3% and 0.3%, respectively. The company has also outperformed other industry players like Honeywell International Inc. HON and Griffon Corporation GFF, which have declined 1.7% and 4.3%, respectively, over the same time frame. Image Source: Zacks Investment Research Closing at $149.40 in the last trading session, the stock is trading close to its 52-week high of $156.35 and significantly higher than its 52-week low of $96.76. 3M stock is trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. Image Source: Zacks Investment Research 3M has been witnessing solid momentum in the Safety and Industrial segment, driven by strength in roofing granules, industrial adhesives and tapes, and electrical markets. Strong demand for cable accessories, driven by an increase in the construction of data centers and renewable energy projects, is driving the segment's performance. Also, an increase in demand for industrial and electronics bonding solutions bodes the first quarter of 2025, revenues from the electrical, industrial adhesives and tapes markets grew in the high-single-digit range, while the same from roofing granules, industrial specialties and personal safety markets increased in the low-single-digit range. The Safety and Industrial segment's organic sales improved 2.5% year over year in the company's Transportation and Electronics segment has been benefiting from strength in the transportation and aerospace end markets. Strong momentum in the commercial aircraft and defense-related business and project wins in the advanced materials business are proving beneficial for the the first quarter, revenues from the aerospace market increased in low-double-digit, and the same from the advanced materials market grew in high-single-digit. The Transportation and Electronics segment's adjusted organic sales grew 1.1% in the quarter. However, persistent weakness in the automotive electrification market, due to lower automotive OEM build rates, remains a concern.3M has been undertaking several restructuring actions that include streamlining the geographic footprint, simplifying the supply chain and optimizing manufacturing roles to align with production volumes. In the first quarter, these actions, together with strong organic volume and productivity, raised 3M's adjusted operating margin by 220 basis points year over year to 23.5%.The company also remains focused on increasing shareholders' wealth through dividend payments and share buybacks. In the first quarter of 2025, it rewarded its shareholders with $396 million in dividends and $1.3 billion in buybacks. Also, in 2024, it paid dividends worth $2 billion and repurchased shares for $1.8 billion. In February 2025, the company hiked its quarterly dividend by 4%. For 2025, it expects to repurchase shares worth $2 billion. MMM's trailing 12-month return on equity (ROE) is indicative of its growth potential. ROE for the trailing 12 months is 96.2%, much higher than the industry's 38.2%. This reflects the company's efficient usage of shareholder funds. Despite the aforementioned growth opportunities, 3M faces certain challenges that one should consider before investing in this stock. Weakness in the consumer retail end markets has been affecting the performance of the Consumer segment of late. The segment's sales declined 1.4% in the first quarter. There was a particular weakness in the command and packaging & expression businesses. Lower consumer retail discretionary spending on hardline goods is expected to hurt the company's overall performance in the first quarter, 3M's long-term debt was high at $12.3 billion, up 10.8% sequentially. Also, interest expenses in the quarter remained high at $255 million. Exiting the first quarter, its short-term borrowings and current portion of long-term debt totaled $1.2 billion. It's worth noting that 3M's long-term debt-to-capital ratio is currently 73.1%, higher than the industry's 55.2%. High debt levels, if not controlled, can increase financial obligations and prove detrimental to profitability in the quarters company has been subject to several litigations, including earplug lawsuits. It has committed substantial funds to resolve these disputes, as ongoing litigation might lead to additional also operates in the highly competitive electronics, transportation, aerospace, defense and other markets, comprising well-recognised providers of highly engineered products. As one of its peers, Honeywell serves as a global diversified technology and manufacturing company, with diversified products and services. Griffon, another peer, manufactures a wide range of consumer and professional, and home and building products. Earnings estimates for 3M have decreased over the past 30 days. Earnings estimates for 2025 and 2026 have inched down 0.8% and 0.1%, respectively. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research MMM is trading at a premium to industry peers with a forward 12-month price-to-earnings (P/E) multiple of 18.93X. The current valuation is above its five-year median of 15.98X and has surpassed the broader industry's multiple of 16.73X. In comparison, Honeywell and Griffon are trading at 20.72X and 10.57X, respectively. Image Source: Zacks Investment Research Despite its several upsides and solid share price returns, the near-term challenges such as persistent weakness in the retail market, high debt level and premium valuation are limiting this Zacks Rank #3 (Hold) company's prospects. While current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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3M Co: A company with a sound balance sheet, and mixed shareholder distributions.
Investment Thesis Although the legal ramifications of 3M's production of perfluoroalkyl substances (PFAS) are unclear, the risks have been mitigated by settlements and the Solventum spinoff. The company is a materials science company that produces cutting-edge products like ceramic composites for aircraft engines, traffic signs, overhead projectors, and electronic displays using microreplication technology. Because 3M's technology is hard to copy and its proprietary secrets are tightly guarded, its prices are 10% to 30% higher than those of the competition. In addition to providing economies of scope, 3M's ability to adapt its technology into a variety of use cases lowers overall unit costs and boosts gross margins. With modest margin expansion primarily from operating leverage, 3M can grow its organic top line by 2% to 3% annually after the Solventum spinoff. Although 3M has some growth initiatives, especially in automotive electrification, the company's intrinsic value has been diminished during the tenure of its previous CEO, Mike Roman. Other key industries, like home filtration products and personal safety gear, ought to keep expanding in line with GDP. Warning! GuruFocus has detected 5 Warning Signs with MMM. Notable Guru Holding Why Gurus Like 3M Least It is profoundly baffling that none of the top Gurus an exposure of even a percentage in 3M. Additionally the gurus who have the most exposure are traditional long/short hedge funds, who often times focus on the catalyst present in the immediate times these kind of hedge funds engage in sophisticated derivative trades which mandates them take a position in a stock to fully execute the trade. One possible explanation, apart from the legal battles, why deep value investors like Bill Ackman (Trades, Portfolio), Warren Buffett (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio)t themselves at an arm's length from 3M's stock could be its oblivion status of its cash flow. Over the past five years its free cash flow tanked by 90%. And this coincided with the dip in its dividend payout ratio which is down by 20% over the same period. For value investors, a smooth and organic mobility of cash from between holdings in their portfolio is the cornerstone of their investment philosophy. And for a company as big ( $75 billion market cap) and as matured (123 years old), a 90% dip in free cash flow in the past 5 years is a gigantic red flag for deep value investors. Investment Upsides Strong brands like Scotch masking and painter's tape, Filtrete air filters, and Command hanging solutions give 3M's construction and home improvement division a broad moat. With the invention of Scotch masking tape in 1925 and Scotch cellulose tape five years later, these brands have a lengthy history. 3M uses its adhesive technology in a number of products, including duct tape, hanging clips and hooks, toilet paper holders, drywall picture hangers, and fasteners for mounting tools, securing seat cushions, and holding down a broad but eroding moat, the consumer divisionwhich includes office supplies and stationeryearns high profits but is predicted to decline as the world grows more digital. With a 77% global market share for sticky notes, companies like Post-it have a strong hold on consumers' minds. Customers may trade down for less expensive options, but no single product in the consumer segment controls the majority of sales. Slow technological advancements in many of its markets are the reason for 3M's low risk of obsolescence. For instance, only slight, incremental technological advancements have been made during the more than 120 years that 3M's abrasives business has been in operation. Price is a secondary consideration behind factors like product availability, defect rate, and customer support because 3M's non-consumer products make up a small portion of a customer's overall budget but have a high associated cost of failure. But over the past five years, 3M's organic growth has significantly slowed, forcing it to rely on acquisitions, which have had varying degrees of success. Acquisitions that have fallen short of growth expectations include Capital Safety and Scott Safety, as well as M*Modal, a sizable purchase of what the company considers to be a weakly competitive company. The company may be having trouble passing on rising input costs to customers, which is why the decline in organic growth and declining gross margins are concerning. Many of 3M's products have been surpassed by rivals, who have gradually eroded its market share. Quantitative returns have also demonstrated competitive disruption, with peers' excess margins decreasing. Declining excess returns on capital are a result of 3M's large acquisitions and waning earning power. The remaining liabilities of 3M, including property damage, environmental, personal injury, and non-US-based damages, come to about $10 billion in the worst-case scenario. 3M would still easily surpass its hurdle rate and generate low-double-digit returns in such a scenario. In the worst-case situation, though, 3M's legal obligations might outweigh its assessment of the company's equity worth. Due to its cost advantage and intangible assets, 3M's transportation safety division, which is well-known for producing reflective road signage, has a narrow moat. The division's products are essential to maintaining driver safety, and 3M's size and pooled technology help to sustain its technological superiority and cost advantage. The division's products divert attention from price by saving customers more money than the product itself costs. According to a 2016 study by the US Department of Transportation, for every $1 invested in a sign upgrade program, $53 in lower crash costs were to the safety and industrial segment, which has historically produced high-teens returns on invested capital, the transportation and electronics segment sells a larger percentage of its products directly to consumers. With an average return on invested capital in the mid to high 20s, 3M's consumer segment is the company's only wide-moat segment and yields the highest returns. Because of its powerful brands and cost advantage from economies of scale and scope, the home, health, and auto care division deserves a wide moat rating. Another benefit for leading consumer brands is that they continue to dominate both digital and physical retail shelf space. Intrinsic Valuation Based on the time value of money and a positive assessment of 3M's long-term margin and revenue growth prospects, the company's intrinsic value stands at $93.82 per share making it significantly overvalued. In comparison to its peers in the US multi-industrial category, the company is valued at 13 times 2025 adjusted EPS, which represents a substantial discount. The contradiction could be explained by the stagnant free cashflow generated by 3M past few years. This was primarily due to the increased Capex investments and unchanged dividend payouts past few years which has hurt their free cash flow generation. And the GF valuation puts a great weightage to free cash flow generation, as it should. However, the consistently improving operating margin makes a strong argument why 3M's stock trades at such a low P/E. Over the long run, 3M's top line is anticipated to grow organically by 2%3% due to share buybacks, operating leverage margin improvements, and efficiency gains.3M is confident in its liquidity position to fund its dividend and no longer needs to take on additional debt, despite the company's unimpressive growth profile and legal uncertainties. The company broke its 64-year dividend growth streak to pay for its legal settlements, and in the worst-case scenario, it is expected to face nearly $10 billion more in PFAS-related legal the company continues to reduce its portfolio, 3M's more confident investments, like automotive electrification, should pay off. It is anticipated that the company's core businessespersonal protective equipment (PPE), industrial adhesives, automotive, and home improvement productswill continue to contribute and, in their opinion, grow more quickly than the GDP. Growing employee health and safety laws as well as increased manufacturing and construction activity in developing nations are driving the PPE market. Investment Downsides Because of the uncertainty surrounding potential future litigation pertaining to PFAS, a group of approximately 15,000 chemicals, 3M has been assigned a Very High Uncertainty Rating. More than 98% of Americans' blood and the water supplies in the US and Europe contain PFAS. Even though 3M intends to stop producing PFAS by 2025, it might continue to use PFAS-containing supplies after that year. Personal injuries, which could be substantial given the link between PFAS and high cholesterol, thyroid disorders, childhood developmental problems, and an elevated risk of cancer, are not taken into consideration in current settlements. According to a study by Obsekov, Kahn, and Trasande, the annual health costs in the US alone linked to PFAS exposure have an upper bound of $62.6 billion and a lower bound of $5.5 billion. Although estimating 3M's legal risks is extremely uncertain, both of the current settlements can be absorbed by the balance sheet. Since 1970, 3M has developed a risky practice of stifling negative research, which calls into question the company's culture and possible hidden hazards. Portfolio Management Over the past 20 years, 3M's R&D expenditures have stayed consistent at about 6% of sales, but the company's return on investment has fluctuated. 3M continues to prioritize above-average spending on product innovation, as evidenced by peer R&D spending, which averages about 3.5% of sales. The business has occasionally made acquisitions with subpar outcomes, but it could do better by taking advantage of the fragmented nature of many markets. Since 3M's healthcare division had the lowest return on investment and the fewest manufacturing synergies with other divisions, it was a smart decision to spin it off. In an effort to improve operational efficiency, the company has also taken a variety of actions, such as mass layoffs and a reduction in the footprint of its corporate and manufacturing buildings. The fair value estimate has decreased as a result of 3M's 1.8% annual share count reduction over the past 20 years. Because end markets are mature and there are significant legal uncertainties, 3M's revised dividend payout ratio of about 40% is appropriate. With 3M's remaining 20% stake and a $7.7 billion "midnight" dividend from Solventum, 3M should have enough cash on hand to cover its legal obligations and pay its updated dividend. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data