Latest news with #3MCo
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Stock Market News for Jul 21, 2025
U.S. stock markets closed mostly lower n Friday following trade and tariff related concerns. However, economic data were strong. The Dow and the S&P 500 ended in negative territory while the Nasdaq Composite finished in positive zone. For the week as a whole, the S&P 500 and the Nasdaq Composite closed in positive zone while the Dow ended marginally lower. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) fell 0.3% or 142.30 points to close at 44,342.19 after a choppy session. Notably, 19 components of the 30-stock index ended in negative territory and 11 finished in positive zone. At intraday high, the blue-chip index was up 229.50 points. The major loser of the index was 3M Co. MMM. The stock price of the multi-sector conglomerate was down 3.7% after the company said that the impacts of tariffs will be felt in the second half. 3M currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The tech-heavy Nasdaq Composite finished at 20,895.66, rising 10 points due to strong performance of technology bigwigs. This was a new record-high closing for the index. Moreover, in intraday trading, the tech-laden index posted an all-time high of 20,980.56. The S&P 500 was down 0.57 points to finish at 6,296.79. In intraday trading, Wall Street's most observed benchmark posted a new all-time high of 6,315.61. Six out of 11 broad sectors of the broad-market index ended in negative territory while five in positive zone. The Utilities Select Sector SPDR (XLU) and the Consumer Discretionary Select Sector SPDR (XLY) advanced 1.7% and 0.9%, respectively, On the other hand, the Energy Select Sector SPDR (XLE) and the Health Care Select Sector SPDR (XLV) fell 0.8% and 0.7%, respectively. The fear-gauge CBOE Volatility Index (VIX) was down 0.7% to 16.41. Tariff Related Concerns The Financial Times reported citing three genuine sources that the Trump administration is negotiating with the European Union (EU) to impose at least 15-20% tariffs in any deal. Earlier, President Donald Trump said that he will impose a 30% tariff on EU if it fails to clinch a deal with the United States before the Aug 1 dateline. The EU is the single largest block that collectively exports more to the United States than any single country: Total U.S. goods imports from the EU topped $553 billion in 2022, according to the Office of the U.S. Trade Representative. Total U.S. imports from Mexico were approximately $454.8 billion in 2022, according to the U.S. Trade Representative. Economic Data The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly reported that housing start in June came in at 1.321 million units, beating the Zacks Consensus Estimate of 1.318 million units. The metric for May was revised upward to 1.263 million units from 1.256 million units reported earlier. Moreover, building permits in June came in at 1.397 million units, exceeding the Zacks Consensus Estimate of 1.39 million units. The metric for May was revised marginally upward to 1.394 million units from 1.393 million units reported earlier. The University of Michigan reported that the preliminary reading of consumer sentiment index for July came in at 61.8%, marking the highest level in five months and in line with the Zacks Consensus Estimate. The final reading in June was 60.7%. The sub-index for current economic condition for July was 66.8% compared with 64.8% in June. The sub-index for consumer expectations for July was 58.6% compared with 58.1% in June. The 1-year inflation expectation dropped to 4.4% in July from 5% in June. Similarly, the long-term inflation expectation declined to 3.6% in July from 4% in June. Both readings were the lowest since February 2025. Weekly Roundup Last week was a mixed one for Wall Street. The S&P 500 and the Nasdaq Composite advanced 0.6% and 1.5%, respectively. Both indexes registered multiple closing and intraday highs last week. However, the Dow slipped 0.1%. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. 3M Company (MMM): Free Stock Analysis Report
Bloomberg
18-07-2025
- Business
- Bloomberg
3M Hikes Earnings Outlook in Boost to CEO's Turnaround Plan
3M Co. raised its profit forecast and beat Wall Street's estimates for the second quarter as Chief Executive Officer William Brown's effort to reinvigorate the company gained momentum. Adjusted earnings will be $7.75 to $8 a share this year, including the expected impact of tariffs, the maker of Post-it notes and Ace bandages said Friday in a statement. That was up from a prior range that topped out at $7.90, while analysts had expected about $7.70 on average in estimates compiled by Bloomberg.
Bloomberg
11-07-2025
- Business
- Bloomberg
Investors Take ‘See No Evil' Approach to Industrial Earnings
To get Industrial Strength delivered directly to your inbox, sign up here. Actual results from manufacturing companies in the upcoming earnings season are likely to reflect the same surprising stability of the last period — even as the industrial economy continues to show signs of pressure. Earnings season kicks into high gear next week with Fastenal Co., General Electric Co., Snap-on Inc. and 3M Co. reporting their second-quarter results. The average tariff rates paid in the period — particularly as it relates to China — ended up lower than what was anticipated when companies formulated their profit guidance in the immediate aftermath of Trump's 'Liberation Day' announcement in early April. The worst start to the year for the US dollar since 1973 is also helping offset some of the tariff drag: A weaker domestic currency makes American goods cheaper abroad, boosting their appeal, while also increasing the dollar value of international sales that are repatriated.
Yahoo
06-06-2025
- Business
- Yahoo
Medical Terminology Software Outlook 2029: Key Trends, Vendor Insights, and Global Opportunities
Key growth drivers in the medical terminology software market include minimizing medical errors and the rising demand for terminology software. The report covers market size, trends, vendor analysis, and geographical segmentation, providing insights on the evolving market landscape for healthcare providers, payers, and IT vendors. Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Medical Terminology Software Market 2025-2029" has been added to offering. The medical terminology software market is poised for significant expansion, with projections indicating a growth of USD 3.80 billion from 2024 to 2029, at an impressive CAGR of 26.3%. This comprehensive report offers an in-depth analysis of market size and forecasts, emerging trends, growth drivers, and challenges, along with a detailed vendor analysis covering approximately 25 prominent vendors. The report presents a current market scenario, incorporating the latest insights on trends and drivers, and evaluates the overall market environment. The industry's growth is significantly driven by a heightened focus on reducing medical errors and a rising global demand for robust medical terminology software, fueled by discrepancies in terminology content worldwide. The analysis highlights the growing adoption of healthcare information technology as a significant growth area for the market. Additionally, the rise in medical tourism and increasing strategic alliances with new product launches are expected to create substantial market demand. The medical terminology software market segmentation includes: By End-user Healthcare providers Healthcare payers Healthcare IT vendors By Type Services Platforms By Application Data integration Data aggregation Reimbursement Clinical trials By Geographical Landscape North America Europe APAC South America Middle East and Africa Areas covered within the report: Medical Terminology Software Market sizing Medical Terminology Software Market forecast Medical Terminology Software Market industry analysis The report's robust vendor analysis is designed to help clients enhance their market position. Key players studied include: 3M Co. Apelon Inc. B2i Healthcare Pte Ltd. BITAC MAP SL BT Clinical Computing Clinical Architecture LLC Epic Systems Corp. Henry Schein Inc. HiveWorx Intelligent Medical Objects Inc. Medaara Healthcare Solutions Medocomp Systems Inc. Regenstrief Institute Rhapsody SNOMED International Spellex Corp. West Coast Informatics Wolters Kluwer NV Additionally, the report examines upcoming trends and challenges poised to influence market growth, offering strategic insights for leveraging future Topics Covered: Market Analysis Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria Criticality of inputs and Factors of differentiation Factors of disruption Impact of drivers and challenges Market Landscape Market ecosystem Market characteristics Value chain analysis Market Sizing Market definition Market segment analysis Market size 2024 Market outlook: Forecast for 2024-2029 Historic Market Size Global Medical Terminology Software Market 2019 - 2023 End-user segment analysis 2019 - 2023 Type segment analysis 2019 - 2023 Application segment analysis 2019 - 2023 Geography segment analysis 2019 - 2023 Country segment analysis 2019 - 2023 Qualitative Analysis Impact of AI on Global Medical Terminology Software Market Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by End-user Market segments Comparison by End-user Healthcare providers - Market size and forecast 2024-2029 Healthcare payers - Market size and forecast 2024-2029 Healthcare IT vendors - Market size and forecast 2024-2029 Market opportunity by End-user Market Segmentation by Type Market segments Comparison by Type Services - Market size and forecast 2024-2029 Platforms - Market size and forecast 2024-2029 Market opportunity by Type Market Segmentation by Application Market segments Comparison by Application Data integration - Market size and forecast 2024-2029 Data aggregation - Market size and forecast 2024-2029 Reimbursement - Market size and forecast 2024-2029 Clinical trials - Market size and forecast 2024-2029 Market opportunity by Application Customer Landscape Geographic Landscape Geographic segmentation Geographic comparison North America - Market size and forecast 2024-2029 Europe - Market size and forecast 2024-2029 APAC - Market size and forecast 2024-2029 South America - Market size and forecast 2024-2029 Middle East and Africa - Market size and forecast 2024-2029 Market opportunity By Geographical Landscape Drivers, Challenges, and Opportunity/Restraints Market drivers Market challenges Impact of drivers and challenges Market opportunities/restraints Competitive Landscape Competitive Landscape Landscape disruption Industry risks Competitive Analysis Companies profiled Company ranking index Market positioning of companies For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error 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
Perth Now
22-04-2025
- Business
- Perth Now
Wall Street bounces back as investors focus on earnings
Wall Street's main indexes have recovered some ground as investors focused on corporate earnings after US President Donald Trump's mounting criticism of Federal Reserve chair Jerome Powell led to a sharp sell-off in the previous session. Investors sifted through a slew of quarterly earnings, with dozens more due through the week, for indications on how companies are navigating the uncertainty caused by tariffs and their expectations for a hit to future earnings. "There's still a lot of uncertainty in the air with where tariffs will land ... but if we can look past that, the fundamentals in the markets still look very good," said Eric Sterner, chief investment officer for Apollon Wealth Management. "Earnings are expected to grow 10 per cent for this first quarter, so corporate profits are still very healthy." Shares of industrial conglomerate 3M Co, the biggest gainer on the blue-chip Dow, jumped 3.4 per cent after the company beat first-quarter profit expectations. Verizon fell 2.4 per cent after posting a higher quarterly subscriber loss. Northrop Grumman slumped 8.7 per cent after it reported a sharp drop in profit while RTX tumbled 8.0 per cent after the company flagged a potential hit of about $US850 million ($A1.3 billion) to annual profit from tariffs. In early trading on Tuesday, the Dow Jones Industrial Average rose 568.66 points, or 1.49 per cent, to 38,739.07, the S&P 500 gained 69.03 points, or 1.34 per cent, to 5,227.23, and the Nasdaq Composite added 240.11 points, or 1.51 per cent, to 16,111.01. Megacaps also recovered, with Nvidia rising 1.1 per cent and Apple up 1.7 per cent. All sectors on the S&P 500 inched higher, with consumer discretionary taking the lead. Tesla, which will kick off earnings for the "Magnificent Seven" group of megacap stocks after markets close, rose 2.1 per cent. The mood, however, remained fragile as investors awaited Trump's next move in his relentless tussle with Powell over interest rates, fuelling concerns about the US central bank's autonomy and the future monetary policy path, which pushed Wall Street down more than 2.0 per cent on Monday. Clarity on US tariff policy and the outcome of negotiations with individual countries on reciprocal levies are also in focus. Indexes have fallen sharply this year as Trump's erratic trade policies rattled markets, with the S&P 500 more than 14 per cent below its February 19 record closing high. A close 20 per cent below that mark would confirm that the index has entered a bear market. The Nasdaq Composite confirmed it was in a bear market earlier this month. The International Monetary Fund slashed its forecasts for growth in the US on Tuesday to 1.8 per cent in 2025, from 2.8 per cent growth in 2024. Commentary from several Fed speakers is expected through the day. Their remarks will be parsed for clues on the central bank's policy outlook and view on rising tensions with the White House. Shares of Invesco leapt 8.7 per cent after the asset manager reported higher-than-expected quarterly profit. Advancing issues outnumbered decliners by a 9.24-to-1 ratio on the NYSE, and by a 4.52-to-1 ratio on the Nasdaq. The S&P 500 posted one new 52-week high and one new low while the Nasdaq Composite recorded 11 new highs and 27 new lows.
