The Fast Paced History of (MMM) The 3M Company

3M, formerly known as the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen in Two Harbors, Minnesota. The company’s initial goal was to mine corundum, a valuable mineral used for abrasives. However, the venture proved unsuccessful and the company’s founders instead focused on developing sandpaper products using a new abrasive mineral called garnet.

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By Ethan Wrenn

The Fast Paced History of (MMM) The 3M Company

3M, formerly known as the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen in Two Harbors, Minnesota. The company’s initial goal was to mine corundum, a valuable mineral used for abrasives. However, the venture proved unsuccessful and the company’s founders instead focused on developing sandpaper products using a new abrasive mineral called garnet.

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The company’s first successful product was sandpaper, which was sold to woodworkers and furniture makers. In the early 1900s, 3M began to expand its product line to include masking tape, waterproof sandpaper, and cellophane tape. The company’s innovation continued in the 1920s with the development of Scotch brand transparent tape and the introduction of the first waterproof sandpaper.

During World War II, 3M played a crucial role in supplying the Allied forces with a wide range of products, including adhesive tape, waterproof sandpaper, and insulation for electrical wires. The company’s success during this time allowed it to expand its operations and establish new facilities in other parts of the United States.

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In the 1950s, 3M introduced several new products, including Scotchgard fabric protector, Thinsulate insulation, and Scotch-Brite scouring pads. The company also began to expand internationally, opening its first international manufacturing facility in Canada in 1952.

The 1960s saw the introduction of some of 3M’s most iconic products, including Post-it Notes and the Filtrete air filter. The Post-it Note, a small piece of paper with a reusable adhesive, was developed by a 3M scientist who was trying to create a bookmark that wouldn’t fall out of his hymnal. The Filtrete air filter, on the other hand, was developed in response to a need for improved air quality in buildings.

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In the decades that followed, 3M continued to innovate and introduce new products, such as the Opticom traffic signal priority system, the Tartan track and field surface, and the Littmann stethoscope. The company also expanded its operations globally, with a particular focus on Asia.

Today, 3M is a diversified technology company with operations in more than 70 countries. The company’s products are used in a wide range of industries, including health care, transportation, electronics, and consumer products. 3M’s success has been built on a foundation of innovation and a commitment to solving problems for its customers.

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(MMM) 3M Company - Technical Analysis, LIVE Trading and Investing!! Sep 25, 2022

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so before we get in this company I’ve
actually covered this company once
before as you can see from a highlight
available on my YouTube channel or even
on my twitch Channel I believe it’s
still there below this stream right now
so
what company are we going to be looking
at that company is 3M 3M is a great
company very blue chip uh before we get
into it
and let’s quickly uh browse through this
video here to see what I was saying
December 27 2021
sending resistance it has yet to reclaim
its all-time highs from 2018. sorry
wrong ending wrong thing here
we have a little bit of a resistance for
me we have two priors so this is a very
legitimate resistance here
let me expand on this
we’ll go Wick to Wick
foreign
if you are able to get shares at around
that 132 price point that would be your
ideal entry you could put in bids there
kind of forget about it and not feel
stressed
um other than that we
it’s really struggling to hold that
monthly 20 moving average
in September it hit it for the first
time
you saw a little bit of a spin with this
doji here in October
November we saw a firm push down
a wick at the top which means I tried to
push up failed went right back down
closed lower and here we are with a
little bit of a December doji
inches below that monthly 20 moving
average
we could see it touch that uh
monthly 180 moving average which would
be our ideal entry how do you determine
where to place the circles if you look
at the lines that are associated with
said Circle
I was attempting to try and talk about
that earlier let me try and be a little
more clear look at how closely this
purple line here
follows the price action and acts as a
support
when I was talking about the supports
and resistance on and how the circle was
interacting with the the price look
there’s like a round bottom right here
acting as a support here I’ll even mark
it even more
I should have put some more lines down
here support bounced here off the circle
bounced here off the circle
bounced here off the circle
bounced here off the circle
and then it was really kind of riding
the circle between
1988 and 99 for 10 years it was very
much just riding it but there was quite
clearly a bounce here in 98 quite
clearly about here in 94
etc etc it’s it’s very much responding
here and we didn’t see a break until
right here
which would be
2007 2008 market crash makes sense
it was in this year 2008 that it
actually broke this purple line that it
had quite clearly been acting as a
support for so long and it went below
and it came all the way down to the next
line in the Fibonacci Circle
uncoincidentally
from there it went up and it act all the
way till it hit the previous line of the
Fibonacci Circle that we had mentioned
up till now where it acted as a support
right here in 2011 no coincidence
so it was rejected by that line came
back down touched that 180 moving
average
continued to climb
continued to climb
was used as a resistance Again by the
first Fibonacci circle line that we had
mentioned prior that was acting as a
support and has now acted as a
resistance for the second time
came down a little bit continued to rise
and then touched the second Fibonacci
line which we had been referencing that
acted as a support once prior it was
used as a resistance came down touched
the second Fibonacci line we’ve been
referencing was used as a support and
then it kind of been kind of was
flagging in that Circle
um
notice where the center of the circle is
here
starts at the bottom comes all the way
up
to the price level of where the center
of these Fibonacci circles are and then
it Flags
this is very common pattern for
parabolic movements
um
just something of note
[Music]
that’s kind of how I knew where to put
the Fibonacci line
have we taught have we talked about a 3M
enough here should we go on to the next
symbol let’s see what else I got here
unless you guys have one
could cover
lb company I feel like I’ve covered them
before Buzz I feel like I’ve covered
them before they’re not much to talk
about
let’s open my box real quick unboxing
unboxing guys you guys want to see the
unboxing again we we’ve unboxed two so
far I could quickly show you
okay okay okay so now that we understand
what our analysis was of 3M December
27th 2021 remember this was when the
market was actually at an like all-time
high right this was before things were
starting to take a turn
uh in early 2022 right almost like one
month beforehand crazy and as we were
saying the best entry for a company like
this we recognize is downward trending
price channel right price Channel up
price Channel Down resistance support
you see that and we were saying the 180
would be a ideal time to be looking at
this as you can see right here it’s uh
came all the way down to that 115 to
that 132 area 132 okay uh where is it
today well boom it actually painted
exactly as we were expecting six I guess
it’s probably like eight months ago now
right nine months
but as you can see it came all the way
down all the way down and now it’s
touching this previous support that
we’ve seen here right we have our weekly
moving average here this company as you
can see has come through the
Part of Me Part of Me Part I mean this
is the monthly again guys I myself you
guys always need to keep in mind the
time frames we are using you can tell by
looking at this symbol next to the
ticker we are looking at the monthly so
these are monthly 180 moving averages
right as you can see and we explained in
the video this company ever since IPO
has only shown signs of strength and
growth no signs of Decay uh growth over
time
now this is the monthly 180 moving
average it has been used as a support
countless times
as you can see right here it has one
stepped below this monthly 180 moving
average by about
17.
about 17 to 20 percent
um as you can see
it’s currently a
at about that range 15 17
so it could be a really opportune time
to get into this company not only that
but as you can see at the bottom we have
our RSI right RSI it shows when
companies are oversold and overbought
when they’re oversold the RSI will be
touching this green line down here by
the 30 when it’s overbought the RSI will
be touching the red line up at the top
by the 70 as you can see right here when
it was at its all-time high the RSI was
peaking out peaking out showing signs of
overbought as you can see right here
last time it touched the 180 the monthly
180 it was oversold it went up RSI was
overbought as you can see right here in
this peak and right now it is currently
oversold oversold what what is this this
is a buy symbol
one of the last times it was the as
oversold as it is right now we can look
back that is the time frame we were
actually just run for referencing when
it was at this monthly 180 from there it
proceeded to grow
hmm
461 percent now not only that not only
that these are all great things on a
technical level as you can see we have
experience with the company before and
it
played out exactly as we described
eight months ago in the previous video
what else does this company have going
for it on a more Insurance level right
let’s look at the financials the
financials for this company are
phenomenal just like everything we try
to cover here right so in 2017 we had a
profit margin of 15.35 in 2018 we had a
profit margin of 16.33 in 2019 we had a
profit margin of 14.22 percent 2020 we
had a profit margin of 16.93 and in 2021
they had a profit margin of 16.75
percent really good numbers very solid
unfazed by covid very resilient right
so these are things we like to see you
don’t want to be putting your money into
a company that’s not profitable like a
piton or whatever these new IPOs are
these day bumble
no
dividend this company does offer
dividend and not only does it offer
dividend offers a huge dividend right so
if you look at the dividend uh yield
here it is 5.27 that is massive that is
more than a bond that is more than the
last company we looked at which was at
about 1.4 percent on endeck right
we also stated that the U.S national
average is roughly in that three percent
range so this is well above that U.S
national average
all things we like to see as a bull so
regardless you’re going to be getting
paid out that 5.27 per year we like to
see that what is our future projection
for a company like this right
company like this well it’s last
all-time high was roughly 260 right 260
from the current price point to that
all-time high that is a hundred and
twenty nine percent gain right not only
that
but once we get up there we’re expecting
it to set a new all-time high right a
new all-time high so if it were to set a
new all-time high current projections
you’re looking at around 242 and what
could be maybe two three years
annualized that that’s about 100 per
year give or take
very solid investment I really like this
company LeBron’s interested in um great
solid company unfazed by covid
really what more is there to even say
they have 95 000 employees huge
very blue chip
great company that being said we’re
gonna move into the next company if you
guys have any questions feel free to ask
at any time
and again for all of you who are new
here my name is Ethan Wren make sure you
check my website etherbrenn.com from
there you can find links to all my
various socials we’re currently live on
YouTube and twitch so make sure you
subscribe or follow if you want to stay
up to date with all the latest
information uh and yeah I
I also have a Discord make sure to join
the Discord you can join the Discord at
ethanren.com it is free completely free
you can basically get a hold of me in
there 24 7 7 days a week right
foreign
and yeah so make sure to go check out
the the Discord we have a bunch of great
resources in there that you can use for
free
uh and yep

The Fast Paced History of (MMM) The 3M Company

3M, formerly known as the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen in Two Harbors, Minnesota. The company’s initial goal was to mine corundum, a valuable mineral used for abrasives. However, the venture proved unsuccessful and the company’s founders instead focused on developing sandpaper products using a new abrasive mineral called garnet.

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