Assess Industrial ETFs Post Q2 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
0mins
Source: NASDAQ.COM
Industrial Sector Performance: The S&P 500 Industrial Index has outperformed the broader S&P 500 Index, with a 3.55% gain over the past month and a 14.44% return over the past year, driven by anticipated economic growth and increased business investments.
Q2 Earnings Highlights: Major industrial companies like General Electric, 3M, and Honeywell reported mixed Q2 earnings, with GE showing strong earnings but missing revenue estimates, while 3M and Honeywell exceeded both earnings and revenue expectations, indicating varied performance within the sector.
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Analyst Views on MMM
Wall Street analysts forecast MMM stock price to fall
11 Analyst Rating
6 Buy
3 Hold
2 Sell
Moderate Buy
Current: 174.610
Low
100.00
Averages
152.00
High
184.00
Current: 174.610
Low
100.00
Averages
152.00
High
184.00
About MMM
3M Company is a diversified technology company. The Company is a manufacturer and marketer of a variety of products and services. The Company’s segments include Safety and Industrial; Transportation and Electronics, and Consumer. Its Safety and Industrial segment includes industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials, and others. Its Transportation and Electronics segment includes advanced ceramic solutions; attachment/bonding, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage. Its Consumer segment includes cleaning products for the home; consumer air quality products, and picture hanging accessories. Its brands include 3M Cubitron II abrasives, Scotch-Brite, Filtrete, Command, Scotchgard, Meguiar’s, Nexcare, Post-it and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Surge: Advance Auto Parts shares rose 5.4% today, marking a remarkable 51.9% increase in 2026 alone, indicating strong investor enthusiasm ahead of the upcoming earnings report, which may reflect optimism about the company's future performance.
- Operational Restructuring: CEO Shane O'Kelly's comprehensive restructuring includes closing over 700 locations and opening new stores in market-leading areas, aimed at improving inventory management efficiency and same-day delivery capabilities, thereby enhancing the company's competitive edge.
- Market Outlook: Despite weak demand in the auto parts market, Advance Auto Parts could potentially report improvements in profit margins and positive cash flow guidance in its upcoming earnings, which, if achieved, could positively impact the stock price.
- Competitive Comparison: With operational metrics still lagging behind peers like O'Reilly Automotive and AutoZone, any improvement towards their levels could lead to a significant stock price increase, highlighting the ongoing deep value investment opportunity in Advance Auto Parts.
See More
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- Stock Surge: Advance Auto Parts' stock rose 5.4% today and has increased by 51.9% in 2026, reflecting investor optimism ahead of the upcoming fourth-quarter earnings report, with hopes for improved profit margins and positive guidance for 2026.
- Management Overhaul: CEO Shane O'Kelly's comprehensive restructuring plan is viewed as the most significant attempt in the company's history, leveraging his experience from HD Supply to effectively manage inventory and enhance customer delivery efficiency, potentially leading to a turnaround.
- Store Strategy Shift: O'Kelly's aggressive closure of over 700 locations, coupled with the opening of new stores in market-leading areas and a focus on larger market hub stores, aims to increase SKU availability and improve same-day delivery capabilities, thereby enhancing competitive positioning.
- Market Environment Challenges: Despite facing a weak market environment from companies like 3M and RPM International, Advance could report weak sales growth; however, if profit margins and cash flow guidance indicate progress, the stock may respond positively to the forthcoming earnings report.
See More
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Stock Sale Announcement: Dickinson Zoe intends to sell 45,574 shares of its common stock on February 9, with a total market value of approximately $7.75 million.
Reduction in Shareholding: Dickinson Zoe has reduced its shareholding in 3M (MMM.US) by 27,455 shares since November 13, 2025, with a total value of approximately $4.66 million.
See More
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Dow Jones Milestone: Despite the concerns surrounding AI, the Dow Jones Industrial Average has reached a significant milestone, trading above 50,000 for the first time.
See More
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- Dividend Increases: 3M Company (MMM) raised its dividend from $0.73 to $0.78 per share, marking a 6.8% increase, which is likely to boost investor confidence and attract more capital inflows.
- New Dividend Declarations: Ford (F) declared a dividend of $0.15 per share, Capital One Financial (COF) at $0.80, and PepsiCo (PEP) at $1.4225, providing these companies with stable cash flow and appealing to income-focused investors.
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- ETF Investment Opportunities: Investors should consider dividend-focused ETFs like VIG and SCHD, as their performance will be influenced by market volatility while offering diversified investment options.
See More
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- Audit and Nominating Committees: Mitchill has also been appointed to the Audit Committee and the Nominating and Governance Committee, leveraging his financial expertise to provide strategic guidance and ensure compliance and transparency.
- Extensive Financial Background: As CFO of RTX, Mitchill brings over 25 years of financial management experience, having held multiple executive roles at United Technologies, which strengthens his strategic leadership on complex business issues.
- Leadership Endorsement: 3M CEO William Brown stated that Mitchill's deep financial knowledge and broad business experience will add significant value to the board, shareholders, and customers, reflecting the company's commitment to future growth.
See More
