The selling pressure in shares of 3M (MMM) accelerated after the company posted quarterly results and issued its profit outlook for this year.
3M is forecasting an earnings per share of $8.50 to $8.70 that is below consensus estimates. The company may not have any more headroom available for increasing operating efficiency.
In the fourth quarter, 3M posted an operating margin of 21.1%. It would need rising economic conditions to meet its operational goals.
In the PC market, Dell Technologies (DELL) dropped by around 7%, continuing a downtrend that started in late October. Investors should infer that hyperinflation for memory chips will hurt Dell’s unit sales. Last year, PC shipments grew by 9%. Weak sales this year will also hurt HP Inc. (HPQ) and Lenovo (LNVGY).
NetApp (NTAP) fell by nearly 10% on Tuesday. Morgan Stanley (MS) cited a survey of chief information officers conducted in Q4/2025. They indicated they would cut their hardware budgets. This hurt shares of Logitech (LOGI) and CDW (CDW) as well.
Investors continued to dump enterprise software stocks. Adobe (ADBE) traded lower for seven straight sessions. Intuit (INTU) and Autodesk (ADSK) are also notable stocks that declined. Large language models continue to evolve. Markets are pricing in for LLMs to disrupt the near-monopolistic software-as-a-service offerings that those companies used to enjoy. Even though Microsoft (MSFT) Office 365 faces no competition, the stock also fell. It trades at prices not seen since May 2025.
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