Vanguard Industrials ETF

The Philadelphia Fed will release the results of its Business Outlook Survey for June, on Thursday, June 19.

Although the industrial sector accounts for less than 20% of GDP, it creates much of the cyclical variability in the economy.

The Institute of Supply Management’s New Orders Index The ISM’s (Institute of Supply Management) New Orders Index is a monthly report on changes in new orders, supplier deliveries, inventories, production, and employment. New orders are a measure of future activity in any industry (VIS), as companies’ production depends on incoming orders. The ISM’s New Orders […]

This has been one of the best years since 2004 for manufacturing activity, viewed through the Purchasing Managers’ Index (or PMI).

The US Manufacturing PMI (purchasing managers’ index) for the month of October fell to 58.7, compared with 60.8 in September.

3M Company’s (MMM) acquisition strategy for the last ten years can be classified as “BI” (before Inge) and “AI” (after Inge).

In February 2016, 3M Company (MMM) set financial objectives for the five-year period from 2016 to 2020 that were slightly below its previous expectations.

Realizing that its capital structure was sub-optimal and was leading to a high cost of capital, 3M Company started adding leverage.

3M Company’s (MMM) accruals ratios using the balance sheet and the cash flow methods rose considerably in 2015.

3M Company’s (MMM) Consumer Solutions segment is made up of four diverse businesses, which garnered a combined annual revenue of $4.4 billion in 2015.

3M Company is generating a massive 30%–32% of its annual revenue from products it’s introduced in the last five years.

Honeywell’s ACS unit uses the software-as-a-service (or SaaS) business model. In the SaaS model, software is licensed on a subscription basis to users.

United Parcel Service (UPS), originally called American Messenger Company, was founded in 1907 by 19-year-old James E. Casey with $100 borrowed from a friend.

The ADP National Employment Report (also popularly known as “the ADP Jobs Report” or “ADP Employment Report”) is a monthly report summarizing the employment situation.