14 Stocks Jim Cramer Talked About

8. 3M Company (NYSE:MMM)

Number of Hedge Fund Holdings: 60

3M Company (NYSE:MMM)’s shares are down by 2.4% year-to-date. The shares have struggled in January following the firm’s fourth-quarter earnings report. The results saw 3M Company (NYSE:MMM) post $6.02 billion in revenue and $1.83 in adjusted profit per share. The results beat analyst estimates of $6.01 billion and $1.83. However, 3M Company (NYSE:MMM) also forecast its 2026 profit per share at $8.50 and $8.70, the midpoint of which was lower than analyst estimates of $8.61. After the earnings report, several analysts discussed the firm. For instance, Wolfe Research commented that the selloff was an overreaction while the longer-term story remained solid. UBS reiterated a $190 share price target and a Buy rating on 3M Company (NYSE:MMM)’s shares. The financial firm pointed out that the share price drop appeared to be a symptom of multiple contraction. As for Cramer, he wondered about the implications of the investor reaction on broader industrial stocks

“You know let me just go for a second to 3M because it’s a big cap stock that’s a very good company. And Bill Brown’s done a remarkable job. . .there are two kinds of industrials, there’s the data center industrial and then there’s the economy industrial. The reason why I point this out and why I think it’s important, the stock is being crushed, even though they beat the numbers. Because I think people are just saying, you know what, stock is up 20% for the year, let’s give this a break, and I find this disturbing for one reason. It’s not an expensive stock. And so, if this not expensive stock reports a quarter that is kind of okay and it gets hit like this, it’s a warning to people, that look, we’re in earnings season, let’s not forget that. The banks did particularly well, but now we have to worry, about, how the industrials are going to do. Then contrast that with completely, very strange, was that Horton was up earlier, the big homebuilder.”