The Demand For 3M’s Products Could Decrease Further


  • Due to the hiked heating oil & natural gas prices and colder temperatures this winter, I expect consumer expenditures on energy will increase and consumer expenditures on MMM’s products will decrease.
  • Also, I believe hiked interest rates and the global recession will decrease MMM’s sales further.
  • The negative effect of appreciated USD on MMM’s sales in 4Q 2022 will be higher than in 3Q 2022.
  • The stock is a sell.
3M tape manufacturing facility. This plant is part of the Industrial, Adhesives and Tape Division V


Interest rates are still high and may increase further. Also, the macroeconomic and geopolitical environment is still uncertain. Consumer expenditures on heating oil and natural gas from October 2022 to March 2023 will be significantly higher than last winter. Moreover, COVID-19 daily cases in the

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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