Best Industrial Stocks To Consider - May 29th

Tesla, Broadcom, Micron Technology, GE Aerospace, Cadence Design Systems, Synopsys, and Honeywell International are the seven Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of companies involved in the production of goods and services essential to infrastructure, manufacturing, construction, and transportation. These firms typically include machinery producers, aerospace and defense contractors, and logistics providers. Investors often view industrial stocks as a barometer of economic health, since rising demand for these companies’ products usually accompanies broader industrial growth. These companies had the highest dollar trading volume of any Industrial stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

NASDAQ:TSLA traded up $4.58 during trading hours on Thursday, hitting $361.48. The stock had a trading volume of 51,415,598 shares, compared to its average volume of 97,540,137. The firm has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 177.31, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a 50 day simple moving average of $284.09 and a two-hundred day simple moving average of $333.75. Tesla has a one year low of $167.41 and a one year high of $488.54.

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Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

AVGO stock traded up $1.77 during mid-day trading on Thursday, hitting $241.20. 11,814,843 shares of the stock were exchanged, compared to its average volume of 30,970,940. The stock has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 197.20, a PEG ratio of 2.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. Broadcom has a 12 month low of $128.50 and a 12 month high of $251.88. The business has a fifty day moving average price of $193.34 and a 200 day moving average price of $202.36.

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Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

MU stock traded up $0.99 during trading on Thursday, hitting $97.17. 8,284,072 shares of the company traded hands, compared to its average volume of 23,112,563. The company has a 50-day moving average of $82.54 and a 200-day moving average of $92.13. Micron Technology has a 1 year low of $61.54 and a 1 year high of $157.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. The firm has a market capitalization of $108.59 billion, a PE ratio of 28.01 and a beta of 1.21.

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GE Aerospace (GE)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

GE traded up $0.20 during midday trading on Thursday, reaching $243.87. 2,974,410 shares of the company's stock traded hands, compared to its average volume of 5,351,001. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $260.06 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 2.59 and a beta of 1.31. The firm has a fifty day moving average of $203.85 and a two-hundred day moving average of $192.75. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $247.99.

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Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

NASDAQ CDNS traded down $6.67 during trading on Thursday, hitting $281.94. The company had a trading volume of 2,507,984 shares, compared to its average volume of 2,005,970. Cadence Design Systems has a one year low of $221.56 and a one year high of $328.99. The company has a market cap of $76.98 billion, a price-to-earnings ratio of 75.65, a price-to-earnings-growth ratio of 3.88 and a beta of 1.04. The company's fifty day moving average is $282.17 and its 200-day moving average is $287.85. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53.

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Synopsys (SNPS)

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

SNPS traded down $14.18 during trading on Thursday, reaching $448.25. The stock had a trading volume of 1,510,209 shares, compared to its average volume of 1,124,805. Synopsys has a one year low of $365.74 and a one year high of $624.80. The stock's 50 day moving average is $453.45 and its two-hundred day moving average is $487.42. The company has a market capitalization of $69.31 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 3.23 and a beta of 1.16.

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Honeywell International (HON)

Honeywell International Inc. engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

NASDAQ:HON traded up $0.22 on Thursday, reaching $224.83. 2,748,527 shares of the stock traded hands, compared to its average volume of 3,785,596. The company has a market capitalization of $144.49 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company's fifty day simple moving average is $208.47 and its 200 day simple moving average is $216.38. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77.

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