3M Surges After Earnings Beat; Options Bulls Respond

Blue chip 3M Co (NYSE:MMM) is surging, up 15.9% to trade at $119.75 at last check, after the company reported better-than-expected earnings and revenue for the second quarter.MMM earlies blasted through overhead pressure from the$105 level to hit a 52-week high of $121.60 earlier. Shares are also bouncing off long-term support from the 40-day moving average, and now sport a 30.9% year-to-date lead.Analysts have yet to chime in, with seven of the 11 in coverage calling 3M Stock a "hold" or worse, while the ...