Diamonds and Dogs


Truck company, Paccar (PCAR) keeps trucking along. The maker of Kenworth and Peterbilt is jumping 7% on earnings. Paccar easily beat estimates as revenues rose 22.9% to $7.73 billion. The company is increasing its investment in next generation clean diesel and electric powertrain technologies, autonomous driving systems, connected vehicle services, advanced manufacturing and distribution. 

3M (MMM) warns about the economy. The Post-it note maker is down 5% following disappointing earnings as revenues fell 5.9% to $8.1 billion. The company also provided downside guidance for the full year as they witness a weakening in consumer discretionary spending. 3M is laying off about 2,500 manufacturing employees in response to the weak operating environment.

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