DuPont Expands Its Silicon Valley Potential and 2 Other Dow Movers to Watch
DuPont Co. (NYSE:DD): Current price $54.04
DuPont said it is enlarging its capabilities within its Silicon Valley Technology Center so as to bring in new innovations and collaborations in the energy and electronics industry. The iconic company will utilize the center to further accelerate product and process development, and will concentrate on developing technological innovations for the industries it serves. Included in the extended capabilities will be commercial-grade tools and process capabilities through which to make solar cells and solar panels.
3M Co. (NYSE:MMM): Current price $113.43
3M and Hunan Reshine New Material Co. Ltd. have reached a patent license accord to expand the use of nickel, manganese, and cobalt in lithium ion batteries. These batteries supply energy to a number of applications from consumer electronics to automotive markets. Through the agreement, 3M grants Reshine a license to U.S. patents 6,660,432; 6,964,828; 7,028,128; and 8,241,791; and all worldwide equivalents including in Taiwan, Japan, China, and Europe.
Walt Disney Co. (NYSE:DIS): Current price $64.94
After a bleak weekend with disappointing Lone Ranger box office sales, Disney shares are holding their own, perhaps due to analyst Michael Senno at Credit Suisse. On Monday, Senno wrote that he anticipates Star Wars: Episode VII, tentatively set to be released in 2015, to bring $733 million in profit for Disney, a level of profit that will equate roughly to a whopping world gross of $1.2 billion. Thus, Senno’s new price target for Disney is $74. The analyst explained this courageous prediction in simple terms: “The Star Wars franchise should drive strong profit growth and mitigate risk at the studio with fewer risky high-budget films.”