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3M's net profit is up. What about its shares? 25/10/2023Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US average. Therefore, it will be interesting to look at the 3M Co. (NYSE: MMM) stock chart today. On the D1 timeframe, support has formed at 85.35, with resistance at 90.30. These levels are determined based on the price's highs and lows during the resulting downward trend. In addition, a "double bottom" trend change pattern has been formed. If the resistance level is broken through (the bar on D1 closes above 90.30), the stock price may rise to 108.37. On the H1 timeframe, after resistance at 90.30 is broken through, the short-term target for the price increase is around 98.09; while in the medium term, it could reach 108.37. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:MMM
by RoboMarkets
🏧 Focus on American Express Co. stocks. 23/10/2023American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels. Therefore, today, we focus on the American Express Co. (NYSE: AXP) stock chart. On the D1 timeframe, resistance has formed at 154.79 without clear support. On the H1 timeframe, if quotes return beyond 144.29, the short-term target for the price increase will be around 154.55; while in the medium term, it could reach 179.12. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:AXP
by RoboMarkets
1
Baytex Energy Corp.'s Intrinsic Value Is Potentially 93% Baytex Energy Corp.'s Intrinsic Value Is Potentially 93% Above Share Price. Key Insights Using the 2 Stage Free Cash Flow to Equity, Baytex Energy fair value estimate is CA$11.54 Baytex Energy's CA$5.97 share price signals that it might be 48% undervalued Analyst price target for BTE is CA$7.58 which is 34% below our fair value estimate Opportunity Annual revenue is forecast to grow faster than the Canadian market. Good value based on P/E ratio and estimated fair value. Significant insider buying over the past 3 months. Threat Annual earnings are forecast to decline for the next 3 years.
NYSE:BTELong
by DEXWireNews
SHELLS Q3 Financial reportRoyal Dutch Shell (LON:SHEL)'s Q3 financial outlook, published on Friday, suggests that the energy giant is set to benefit from a sector-wide rally in oil, refined products, and gas prices. The company anticipates enhanced earnings from its gas, chemicals, and product trading operations. These expectations are backed by InvestingPro's data that shows Shell's revenue in the last twelve months (LTM2023.Q2) to be a staggering $358.59 billion, with a gross profit of $88.24 billion. Shell has been aggressively buying back shares, a move that often signifies management's confidence in the company's future. Another noteworthy tip is that the company has maintained dividend payments for 19 consecutive years. Shell also foresees a corporate adjusted loss for the quarter. This follows a loss of $654 million reported in Q2 2023. This anticipated loss does not overshadow the fact that Shell has been profitable over the last twelve months, according to InvestingPro Tips. The recent rally in the energy sector could potentially uplift earnings for integrated energy players like Shell. The official Q3 results of Shell are scheduled to be published on November 2, 2023. These results will provide a clearer picture of the company's performance amidst fluctuating market conditions. The InvestingPro data reveals that Shell's fair value is estimated to be $79.1, which is higher than the previous close price of $62.04, indicating potential growth.
NYSE:SHELLong
by DEXWireNews
Spotify's New AI Bet Could Be a Game Changer for PodcastingSince 2019, the world's largest audio streaming company, Spotify (SPOT 0.73%), has been pouring money into the podcasting space with hopes of diversifying its business away from purely music streaming. These investments have included acquiring podcast studios, paying for exclusive shows, and even buying entire podcast distribution platforms like Megaphone and Anchor in an effort to bolster its advertising revenue. However, Spotify's podcast initiatives have drawn plenty of criticism from investors because the company's strategy has continuously shifted and the gross margin has remained negative across its advertising division. But despite these lackluster results, the company continues to believe there is a large opportunity in the podcasting industry. And last week, Spotify introduced a new program that could have big implications in the long run.
NYSE:SPOTLong
by DEXWireNews
TLRY's Green Revolution Cannabis Stocks on the NYSEAs of the most recent data, the S&P 500, which represents the performance of 500 of the largest companies listed on stock exchanges in the United States, is trading at an impressive level. The index has been on a bullish trend, consistently reaching new all-time highs in recent months. This upward trajectory can be attributed to a combination of factors, including strong corporate earnings, optimism surrounding economic recovery, and accommodative monetary policies from central banks. Investors' appetite for risk remains robust, and as long as these favorable conditions persist, the S&P 500's bullish trend is likely to continue, attracting both institutional and retail investors.
NASDAQ:TLRYLong
by DEXWireNews
2
NAS100...Process Your Entries CorrectlyOANDA:NAS100USD Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make. 1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO). 2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait... 3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement. 3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy. 4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience. #aubersystem #auberstrategy #whywewait #patience #finishthemove #nosetupnotrade no setup = no trade
OANDA:NAS100USDEducation
by Auberstrategy
Process your Entries CarefullyOANDA:NAS100USD Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make. 1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO). 2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait... 3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement. 3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy. 4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience. #aubersystem #auberstrategy #whywewait #patience #finishthemove #nosetupnotrade no setup = no trade
VANTAGE:NAS100Education
by Auberstrategy