Schwab Network on $MMM (Oct 29, 2026)

and your family name is also going against the trend today, as 3M stock is up more than 2% , which is another defensive option here, Dan. I mean, they showed an improvement in profit margins and an increase in industrial demand.

They delivered a very strong earnings report, with some fluctuations before the earnings report was released, but they appear to be trying to maintain this momentum. So, what is your view on 3M stock?

Yes, I see it as similar when you look at Johnson's stock, in terms of the reaction after the earnings announcement, and again, maintaining that upward momentum, and as you know, it is now challenging some of the highs here.

I think when you look at the last two months... overall, it seems to me that the momentum is still upward , and I think that defensive stocks, and some industrial stocks, will continue to benefit from recent trends , and therefore I am focusing on this stock today.

The number of asset managers who prefer to invest in the industrial sector is increasing almost daily.

So, KG, when looking at the 3M stock chart, what do you notice in the technical analysis? Well, if we look at the daily chart for a year, we find that the stock has not seen significant movements over the past year.

It has been trading within a reasonable range , with some slight dips to the outside, plus the possibility of breaking out of this price channel. But as you can see, at this time last year, the stock was trading in a megaphone-like pattern, indicating the potential for greater price volatility, and that's exactly what happened.

We entered the market, touched the 200-day moving average in late January of this year, and attempted to bounce upwards, reaching approximately the 175 level, which acted as a resistance zone, around 170 to 175, before we retreated.

After this pullback, we were trading at around 140. We continued to see buyers entering the market at this level . In fact, we could say that we may have witnessed a triple bottom before we came back, retested the 200-day moving average, rejected it, stabilized, then tried to rise, and broke above the 200-day moving average, and then the 20-day moving average .

Once again, we returned to test the support zones in July. We saw a short upward movement to approximately the 180 to 185 level. Then the price stabilized, then it declined. But again, look at the 200-day moving average .

In the past, this level was either an upward zone or a resistance zone. Here we have a double bottom pattern . We are seeing a breakout above the 20 and 50 levels. After that, we may see the 185 level again, or the 170 to 185 level again, before we see a sharp decline.

The Relative Strength Index (RSI) is forming higher lows, the MACD is pointing upwards, and the 12-period exponential moving average is above the 26-period exponential moving average.

This price looks set to at least retrace to the 180-185 Marley area before attempting to decline or break out of this consolidation that has persisted throughout the past year.

Good. So, the technical indicators point to further upside potential, Dan. We don't have any profits for 3M until next year. How would you trade this stock, for example? How long can we expect?

Yes, December. 50 days. That is, about a month and a half. As Kevin pointed out, I think, given the high levels of August, there is a possibility that it will at least be challenged if the current price surpasses it .

In the near term, it appears that the price will also break through these recent levels. There appears to be momentum from a short-term perspective. Therefore, the example of day trading is the risk reflection on Marley stock.

This involves selling a December put option at 170 and buying a December call option at 180. We are now at 176. You can do this with a profit slightly above or below your profit or loss.

The odds were even when we were around 175 , but the idea here is to provide a small safety margin in case we see a slight weakening over the next few months, and perhaps buy the stock at a better level, because it seems to me that there is short- term support around the 171 level.

But if we maintain this price rise , especially today as it seems to have started to break out and may challenge the recent levels or its August highs, if not higher, then this bullish outlook will allow us to participate in this rise if it happens.

We are now continuing to rise. We are at 176.60 , up 2.2% for 3M.