3M Co, a diverse maker of adhesives, abrasives and various other products in the U.S., posted an increase of 5.85 in its quarterly profits that exceeded most estimates. This rise is driven by a jump of sales in the U.S., cost control and strong pricing. The 3M Co shares in Dow Jones Industrial Average went […]
Birinyi Predicts S&P 500 at Record with Bullish Sentiments Intact
The pace at which the US stocks recovered from the largest selloff in 3 years has added confidence to Laszlo Birinyi and his forecast for the Standard & Poor’s 500 Index to reach 2,100 by year-end. The benchmark jumped 5.5 % during the course of 8 days through October 24th. It recovered 70% of its […]
