3M and 2 Stocks Boosting the DJIA

The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 1.99% and stands at 12,460. The large stocks below are among the positive performers today.

3M (NYSE:MMM): 3M has announced the purchase of office product company Avery Dennison (NYSE:AVY) for $550 million. 3M predicts that the purchase will lead to a rise of 0.03 cents earnings per share. 3M is up 2.63%.

Investing Insights: The Dogs of the Dow Retrieve Returns for Owners.

Caterpillar (NYSE:CAT) Both Caterpillar and Rio Tinto (NYSE:RIO) are taking on unions in canada at the same time. Caterpillar is locking out 450 workers at a locomotive plant in Ontario, and Rio doing the same at a Quebec smelter. whether these actions will help increase shareholder value is an open question. Caterpillar is up 4.78%.

Boeing (NYSE:BA): Bad news: Boeing is delivering less aircraft than expected for 2011. The good news: Boeing reaping a higher yield on each aircraft delivered than originally expected. Sterne Agee has decided that the good outweighs the bad, and their have raised their estimates of Boeing from $4.55 to $4.60 a share. The stock is up 1.80%.

Investing Insights: 6 Buzzing Stocks: Sears Jumps 2%, Chesapeake Makes a Deal and Rambus Surges 9%.

To contact the reporter on this story: Damien Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com