How to start trading stocks?
To start trading stocks you need to open an MT5 account, download and install this software and login to your account. After that, perform analysis and start making money! Read the article “How to trade stocks with FBS”
How to find and trade a growth stock?
Check the stock’s last several years of performance. Don’t get distracted by the fluctuation – they are all volatile. Look at the trend. If the stock has been following an uptrend for the last 24 months, that’s a good candidate. You can find the detailed information about this in the article «How to find growth stocks?”
How to trade stocks for beginners?
You can profit from stock trading even if you are a newbie. FBS analysts regularly publish the rating of the best-performing stocks of the previous month and the list of the best stocks to trade this month. Besides, you can keep an eye on the stock market events calendar to find potentially profitable stocks. So, stay tuned and take your chance to earn.
How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
More than a century ago, 3M Company started as a small-scale mining venture in Northern Minnesota, then named Minnesota Mining and Manufacturing Company. Now a global powerhouse, 3M operates in the fields of industry, worker safety, US health care, and consumer goods. MMM has reached market capitalization of $114 billion. Don’t forget to check MMM life chart.
Fun fact: MMM’s first product was sandpaper, and now the company is so big that it is part of the S&P500 index. 3M, as it became familiarly known, grew steadily, adding waterproof sandpaper, adhesive cellophane tape, masking tape, and desktop photocopiers, among other goods, to its product line. In the early 21st century the company, which formally adopted its nickname in 2002, produced materials designed to enhance visual displays and graphics in items such as highway road signs and liquid crystal display (LCD) screens; manufactured consumer and office products, including adhesive tape and notepaper.
You can trade contracts for difference (CFDs) on 3M stock. CFDs reflect the MMM stock price movement. It allows you to trade in both directions. In other words, you can gain from the price going up as well as from it going down.
You can also use leverage. This means that with only a small amount of money you can control much bigger financial positions. Always remember that leverage allows you to multiply your account. On the downside, you may lose a considerable part of it if the market goes against your trades.
What drives the MMM stock price?
3M is one of the dividend aristocrats. The Dividend Aristocrats are S&P 500 index constituents that have increased their dividend payouts for 25 consecutive years or more. As for 3M, the company has 3% dividend yield as of 2021. On each stock you will have as much as $5.92 annually (until 3M changes yield once again). Learn how to earn dividends from stocks and trade on the dividend gap! In order not to miss the next MMM dividend, make sure you checked out our dividend calendar.
Another factor that can affect 3M stock price is (of course) earning reports. The last report from July 27 wasn’t very good for the MMM stock price, although the EPS and reported revenue exceeded the expectations.
2023-07-19 • Updated