If there's any stock that has benefited from the unwind of GE (GE) as a go-to "safe and steady" idea, I would argue it is 3M (MMM).
Chronically maligned as a sluggish, short-cycle play, I believe 3M has
demonstrated in the last few years that it is more nimble and less
cyclical than commonly perceived. Although I cannot defend the valuation
on the shares today (as is the case for so many of its peers), at least
the arrow is pointing up for 3M in terms of both performance and
guidance.
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3M's Ongoing Performance Forcing A Change In Perceptions
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