Jim Cramer's Top Dow Picks for 2011: 3M(MMM)
Jim Cramer's top 10 Dow stocks for 2011 rated Buy 3m Company (NYSE: MMM) on 12/21/2010, when the stock price was
$86.53. Since then, 3m Company has gained 30.56% as of 06/18/2013's recent price of $112.97. If you would have followed this Jim Cramer's top 10 Dow stocks for 2011's recommendation on MMM, you would have gained 30.55% of your investment in 910 days.
3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research, manufacturing and marketing of products.
Jim Cramer expects the Dow to hit 13,365 next year-- a 16% gain from current levels and a bountiful return -- based on a prognostication of the performance of the individual members of the venerable index. Although I am a bottoms up guy, as a backdrop I am presuming a resumption of decent U.S. growth courtesy of the Federal Reserve -- call it 3% to 4% -- continued worldwide growth, a stable-to-slight decline in the dollar and a decent increase in interest rates (30-year Treasury bond going to 4.8%) as befitting a return to economic health.