November 1, 2026
Bonus Content: 3M’s New Products Are Doing the Pricing Work
Something strange is happening to your money.
It wasn’t voted on. It wasn’t debated in the Senate. And most Americans have no idea it’s even taking place but…
President Trump is replacing the U.S. dollar.
Not with crypto. Not with a digital currency. Something far bigger than that – and it’s already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.
Bypassing every legal and political channel under the guise of “national security,” Trump has enacted this total money reset using a landmark executive order (1421).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn’t matter.
Soon, every U.S. citizen will be forced to use Trump’s New Dollar to fill their gas tank, buy groceries, and pay medical bills.
Which is why I’ve produced a critical new documentary laying out exactly what Trump’s New Dollar means for your savings, your investments, and your family’s financial future.
Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.
As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.
On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.
As Trump rolls out his new dollar, the question is:
Good investing,
Porter Stansberry
PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments and why it could be front page news on December 14 – all of those questions are answered in my briefing.
3M’s New Products Are Doing the Pricing Work
The restructuring chapter at 3M is functionally over. The company completed its exit of PFAS manufacturing by the end of 2025 and has since shifted focus toward longer-term transformation, including redesigning its supply-chain network and deploying AI-driven tools across operations. What traders need to watch now is whether new products can carry the margin expansion that headcount reductions no longer can.
The Q3 numbers make a credible case. 3M reported sales of $6.6 billion with 3.3% organic growth and an operating margin of 26.2%, up 110 basis points year-over-year, with adjusted earnings per share of $2.50 representing 12% growth. The company now expects adjusted EPS of $9.10 to $9.15 for full-year 2026.
The mechanism behind those margin gains is less obvious than it looks. Oil-cost inflation has been the persistent headwind. Management now estimates the oil inflation impact at $185 million, up from the $150 to $175 million range communicated in July, and expects to fully offset the increase through disciplined pricing actions. That offset is not coming from belt-tightening alone. CEO Bill Brown noted that “our ability to drive price right now is partly from the new products.”
The company launched 87 new products in Q3, up 24% year-over-year, and remains on track to exceed 350 new product launches for the full year. Five-year new product sales reached nearly $3 billion year-to-date, up 34%, driving new product vitality into the mid-teens from a low of 11% in 2024. That vitality index is the number to track into Q4, because it is what allows pricing above raw-material cost curves.
Order momentum, a healthy backlog, and easier comparisons give management confidence in organic growth of just over 4% in the fourth quarter, keeping the company on track for more than 3.5% for the full year. The backlog grew about 18% compared to the prior year, providing visibility into fourth-quarter demand trends.
The risks are real and have not disappeared. PFAS-related litigation persists as the primary valuation constraint, with $7.5 billion recorded as “other environmental liabilities” as of September 30, 2026, while transformation costs totaled $224 million year-to-date in 2026. In the second quarter, cost of sales faced headwinds from tariff impacts, rising oil prices, and cost dis-synergies associated with the PFAS manufacturing exit.
Data-center partnerships with Amazon and Microsoft add a potential growth avenue, while consumer electronics weakness and litigation payments remain significant constraints. Areas to watch include the ramp in data-center revenue, estimated at approximately $700 million for 2026, the impact of the Madison Fire & Rescue acquisition, and developments in ongoing litigation.
The heading into Q4 is that 3M’s margin story has shifted from cutting costs to earning better prices on better products. That is a more durable engine if new product vitality keeps climbing. It is also more fragile if oil moves further or demand in consumer electronics stays soft. The next update on 2027 guidance is expected with the company’s fourth-quarter 2026 earnings call in January 2027.
