Best Industrial Stocks To Watch Now - July 2nd

Tesla, Broadcom, Micron Technology, Thermo Fisher Scientific, First Solar, Chevron, and Texas Instruments are the seven Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are equity shares of companies engaged in the production and distribution of physical goods—ranging from machinery and aerospace to construction materials and industrial chemicals. Their performance often tracks the broader economic cycle, rising when manufacturing output, infrastructure spending, and capital investment increase, and falling during downturns. Investors buy industrial stocks to gain exposure to sectors that underpin economic growth and infrastructure development. 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.

TSLA stock traded up $13.63 during midday trading on Wednesday, hitting $314.34. The company's stock had a trading volume of 82,393,972 shares, compared to its average volume of 101,846,697. The company's fifty day moving average price is $317.99 and its 200 day moving average price is $328.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. Tesla has a twelve month low of $182.00 and a twelve month high of $488.54. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 173.04, a PEG ratio of 12.06 and a beta of 2.40.

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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.

Shares of NASDAQ AVGO traded up $6.30 during mid-day trading on Wednesday, hitting $271.04. The company had a trading volume of 8,431,010 shares, compared to its average volume of 28,524,082. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of $233.52 and a two-hundred day simple moving average of $216.44. The company has a market capitalization of $1.27 trillion, a PE ratio of 101.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Broadcom has a one year low of $128.50 and a one year high of $277.70.

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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.

NASDAQ MU traded up $1.58 during trading hours on Wednesday, hitting $122.47. 18,509,774 shares of the company traded hands, compared to its average volume of 23,499,010. The stock has a market capitalization of $137.05 billion, a price-to-earnings ratio of 22.07 and a beta of 1.34. Micron Technology has a twelve month low of $61.54 and a twelve month high of $137.13. The business's 50-day moving average is $100.85 and its 200-day moving average is $94.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

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Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.

TMO stock traded up $3.87 during trading hours on Wednesday, reaching $425.34. The stock had a trading volume of 1,309,171 shares, compared to its average volume of 2,396,249. The stock has a 50-day simple moving average of $409.16 and a 200 day simple moving average of $481.67. Thermo Fisher Scientific has a fifty-two week low of $385.46 and a fifty-two week high of $627.88. The stock has a market capitalization of $160.56 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.77 and a quick ratio of 1.38.

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First Solar (FSLR)

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.

Shares of FSLR stock traded up $13.60 on Wednesday, reaching $176.56. The stock had a trading volume of 2,965,970 shares, compared to its average volume of 3,989,037. First Solar has a 12 month low of $116.56 and a 12 month high of $262.72. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.33 and a beta of 1.52. The firm's 50-day moving average is $154.02 and its two-hundred day moving average is $154.78. The company has a quick ratio of 1.39, a current ratio of 1.93 and a debt-to-equity ratio of 0.04.

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Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Shares of NYSE CVX traded up $0.90 during midday trading on Wednesday, hitting $146.47. 3,248,845 shares of the company's stock were exchanged, compared to its average volume of 8,957,832. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $255.79 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. Chevron has a 12 month low of $132.04 and a 12 month high of $168.96. The company's 50 day moving average price is $140.56 and its 200 day moving average price is $148.08.

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Texas Instruments (TXN)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.

Shares of NASDAQ:TXN traded up $4.77 on Wednesday, hitting $215.22. The company had a trading volume of 2,045,199 shares, compared to its average volume of 7,339,128. The stock has a market cap of $195.52 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 3.38 and a beta of 1.03. The stock has a 50 day moving average price of $185.09 and a 200 day moving average price of $182.69. Texas Instruments has a 1-year low of $139.95 and a 1-year high of $220.38. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

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