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The company sells many products that are considered nondiscretionary and could fare relatively well in a recession.
3M (MMM 0.99%) has its hand in several business segments. The international conglomerate pays a healthy dividend yield and generates steady profits. Should investors looking for protection from a recession buy 3M stock? This video will answer that question.
*Stock prices used were the afternoon prices of Dec. 12, 2022. The video was published on Dec. 14, 2022.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends 3m. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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