3M Faces Identity Crisis as Layoffs Begin

3M (NYSE: MMM) is making more cuts after a disappointing quarter, and that's undermining the company's long-term investment thesis. 3M has always been known for innovation, but is that dying? Travis Hoium digs into that question in this video.

*Stock prices used were end-of-day prices of April 26, 2023. The video was published on April 26, 2023.

10 stocks we like better than 3M
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

They just revealed what they believe are the ten best stocks for investors to buy right now... and 3M wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of April 24, 2023

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.