Jim Cramer Discussed 9 Stocks for This Week’s Game Plan

1. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 82

As 3M Company (NYSE:MMM) is set to report its fourth quarter 2024 earnings, Cramer praised the company’s CEO and bet that the company will perform well.

“How about Tuesday? Tuesday continues with the regular reporting season and we got some pretty compelling companies that I expect to talk about a brighter future, even if it’s also somewhat uncertain both politically and economically. 3M reports in the morning, and I bet that CEO Bill Brown, he’s a total hitter, I think he’ll deliver us an awesome quarter.”

3M (NYSE:MMM) provides diverse technology products across the safety, industrial, transportation, electronics, and consumer sectors, including abrasives, safety equipment, automotive solutions, and consumer goods. As a result of strong performance, the company raised its full-year adjusted earnings expectations for 2024.

The updated forecast for adjusted total sales growth is approximately 1%, up from the prior estimate of a range between -0.25% and +1.75%. 3M (NYSE:MMM) revised the adjusted organic sales growth forecast to about 1%, compared to the previous projection of flat to +2%. Additionally, the adjusted EPS forecast was adjusted to a range of $7.20 to $7.30, up from the prior expectation of $7.00 to $7.30.

While we acknowledge the potential of 3M Company (NYSE:MMM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MMM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.