SOURCE: StBulls.com

November 29, 2012 08:30 ET

Technical Analysis on United Technologies and 3M - Conglomerates Expanding Through Acquisitions and Collaborations

NEW YORK, NY--(Marketwire - Nov 29, 2012) - StBulls.com has initiated technical analysis on United Technologies Corp. (NYSE: UTX) and 3M Co. (NYSE: MMM), and these reports are free upon registration at 
http://www.stbulls.com/

The conglomerates industry, which contains companies such as United Technologies and 3M, has been making steady forward progress of late. The diversified nature of the industry has helped to insulate it from soft demand out of specific areas, and companies have been doing a good job of keeping sales up.

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With technology advancing rapidly, it is important for companies to bring new and innovative products to the market that meet demands of the time. 3M has a long history of innovation, and it recently took steps to continue this tradition. The company announced, through its corporate venture organization, an equity investment and collaboration with VocalZoom Ltd. to bring new voice-enabled user interfaces to a wide range of customers. Read our technical analysis on United Technologies at
http://www.stbulls.com/UnitedTechnologiesCorp29112012.pdf 

United Technologies has also been performing well, and has benefited from acquisitions. Sales from the company's most recently reported quarter climbed 6% year-over-year to $15 billion. The company also newly affirmed its outlook for 2012, which anticipates earnings per share of $5.25 - $5.35 from continuing operations. Our technical analysis on 3M Co. is available at
http://www.stbulls.com/3MCo29112012.pdf 

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