3M Stock Soars on Strong Earnings Report
7 minutes ago
3M (MMM) shares jumped Tuesday as the multinational manufacturing conglomerate posted better-than-expected results and discussed how the Trump administration’s tariffs may affect future performance.
The maker of Post-it Notes and personal protective equipment reported first-quarter adjusted earnings per share (EPS) of $1.88 on revenue that slipped 1% year-over-year to $5.95 billion but also topped Visible Alpha consensus estimates.
The gains were driven by a 2.5% increase in sales to $2.75 billion at the Safety & Industrial segment. Sales were up 1.1% to $1.82 billion at the Transportation & Electronics group, and 0.3% higher to $1.12 billion at the Consumer division.
CEO William Brown said that the company faced a “dynamic environment,” and that 3M remained focused “on improving the fundamentals in the business, building a new performance culture and advancing our strategic priorities while leveraging our extensive global network and significant U.S. footprint.”
3M reiterated its full-year adjusted EPS guidance of $7.60 to $7.90, but added a note about what it called “additional tariff sensitivity,” which it said could cut that by $0.20 to $0.40 per share.
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Shares of 3M were up more than 7%, leading gainers in the Dow Jones Industrial Average. The stock moved into positive territory for the year with today’s surge and has gained nearly 50% over the past 12 months.
GE Aerospace Stock Rises as Q1 Results Top Estimates
1 hr 17 min ago
GE Aerospace (GE) shares rose Tuesday morning after the company’s first-quarter results came in above expectations.
The engine manufacturer reported adjusted earnings per share (EPS) of $1.49 on revenue of $9.94 billion. Analysts had expected $1.26 and $9.77 billion, respectively, according to estimates compiled by Visible Alpha.
GE Aerospace affirmed its full-year guidance, including adjusted EPS of $5.10 to $5.45.
“The macroeconomic dynamics we are operating in today require us to take a number of strategic actions, such as controlling costs, and leveraging available trade programs,” GE Aerospace CEO Larry Culp said. “Based on what we know today, these actions, along with our solid first quarter and commercial services backlog of over $140 billion, enable us to maintain our full-year guidance.”
The company said it plans to mitigate the impact of tariffs by “optimizing operations, leveraging existing programs and strategies, taking measures to control cost, and implementing pricing actions.”
The company last month announced plans to invest nearly $1 billion in its U.S. factories and supply chain this year, roughly double what it spent on them in 2024.
GE Aerospace shares were up 4% at around $185 in recent trading. They have gained more than 10% since the start of the year, despite tumbling earlier this month amid concerns over the impact tariffs could have on all three former General Electric divisions.
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Analysts remain bullish on GE Aerospace a year after it split from GE Vernova (GEV). All 10 brokers tracked by Visible Alpha rate the stock a “buy,” with an average price target of $224.90.
Dollar Index Levels to Watch After It Slumped to 3-Year Low
1 hr 55 min ago
The U.S. dollar index (DXY) rose Tuesday after hitting a three-year low yesterday amid investor concerns about tariffs, the economic outlook and possible threats to Federal Reserve independence.
President Trump on Monday ramped up his criticisms of Fed Chair Jerome Powell and demanded that the central bank cut rates immediately. The latest comments came after Trump last week said Powell’s “termination cannot come fast enough,” while White House economic advisor Keven Hassett said the president is evaluating ways to possibly dismiss Powell.
Investors fear that a move by Trump to remove Powell before the end of the Fed chief’s term in May 2026 could undermine confidence in the U.S. dollar and the country’s dominant role in global financial markets.
After breaking out from a descending triangle last October, the U.S. dollar index rallied for several months but ran into selling pressure as it approached its 2022 high. Since that time, the index has trended sharply lower, recently falling below the pattern’s lower trendline to confirm a bull trap, a trading event that lures investors into buying before the market makes a sudden reversal to cause losses.
However, while the relative strength index (RSI) confirms bearish momentum, the indicator has moved into oversold territory, increasing the likelihood of near-term bounces.
Investors should watch crucial support levels on the U.S. dollar index’s chart around 95 and 90, while also monitoring key resistance levels near 101 and 107.
The index was at 98.62 this morning, after moving as low as 97.92 on Monday, its lowest level since March 2022.
Read the full technical analysis piece here.
Verizon Sinks as Phone Subscriber Losses Exceed Forecasts
2 hr 39 min ago
Verizon Communications (VZ) stock fell in premarket trading Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts’ expectations.
Verizon posted adjusted earnings per share (EPS) of $1.19 on operating revenue of $33.49 billion. Analysts polled by Visible Alpha expected $1.15 and $33.33 billion, respectively.
The company reported retail postpaid phone net losses of 289,000 subscribers. Analysts were expecting a net loss of about 218,000 subscribers.
Last month, Verizon Chief Revenue Officer Frank Boulben said at a conference that new subscriber figures in the quarter were “probably going to be soft,” although he affirmed the company’s forecast for wireless service revenue to grow by 2% to 2.8% this year.
Verizon affirmed its full-year guidance, as the telecommunications giant said it “remains confident” in its ability to meet its full-year goals, though the current forecasts do not “reflect any assumptions regarding the potential impacts of the evolving tariff environment.”
Verizon shares were down about 5% in recent trading. Through Monday’s close, the stock was up more than 7% since the start of 2025.
Major Stock Index Futures Rise
2 hr 39 min ago
Futures tied to the Dow Jones Industrial Average were up 0.7%
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S&P 500 futures added 0.7%.
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Nasdaq 100 futures also tacked on 0.7%.
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