For his second Executive Decision segment of "Mad Money" Wednesday, Jim Cramer spoke with Mike Roman, chairman and CEO of 3M Co. (MMM) , the industrial and technology giant with shares that are up nearly 8% over the last three months.
Roman said 3M is seeing strong demand across the board for its products and has a lot of momentum going into the second half of the year. His company continues to ramp up production of N95 masks and it already has delivered billions around the globe plus many other pieces of protective equipment to fight Covid-19.
Roman said in that healthcare 3M is beginning to see an increase in elective procedures that have largely been sidelined by the pandemic. It also is seeing an uptick in the automotive segment, both in the U.S. and in China.
Cramer said 3M offers both growth and a terrific dividend yield.
The last time we visited the charts of MMM was March 10, before the pandemic low in mid-March, and we wrote at that time, "I have seen too many big declines in stocks since the 1973-1974 bear market. Typically, big declines require a new and lengthy base pattern before the coast is clear again. Avoid MMM."
Let's pay a visit to the charts and indicators of MMM again.