Energy Stocks To Add to Your Watchlist - August 9th

Key Points

• Tesla, Broadcom, and Palo Alto Networks have been identified as key energy stocks to watch based on high trading volumes recently.
• Tesla shares reached $329.61, with a market capitalization of $1.06 trillion and a high volatility indicated by a beta of 2.33.
• Broadcom and Palo Alto Networks also showed significant trading activity, with Broadcom's stock trading at $304.97 and Palo Alto Networks at $167.06, reflecting their positions in the semiconductor and cybersecurity markets, respectively.

Tesla, Broadcom, and Palo Alto Networks are the three Energy stocks to watch today, according to MarketBeat's stock screener tool. Energy stocks are shares of companies involved in the production, exploration, distribution or generation of energy, including oil, natural gas, coal and renewable sources such as solar and wind. By buying these stocks, investors gain exposure to the performance of the energy sector, which is often influenced by commodity prices, geopolitical developments and regulatory policies. They can offer both income (through dividends) and growth potential but may also carry higher volatility. These companies had the highest dollar trading volume of any Energy 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.

Shares of Tesla stock traded up $7.34 during trading on Friday, reaching $329.61. 90,979,625 shares of the stock traded hands, compared to its average volume of 89,568,456. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 190.53, a P/E/G ratio of 11.32 and a beta of 2.33. The business has a fifty day simple moving average of $318.68 and a two-hundred day simple moving average of $308.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla has a 52-week low of $194.67 and a 52-week high of $488.54.

Read Our Latest Research Report on TSLA

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 $1.21 during trading on Friday, reaching $304.97. The company's stock had a trading volume of 12,439,353 shares, compared to its average volume of 17,052,154. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom has a 12 month low of $134.90 and a 12 month high of $310.34. The firm's 50 day simple moving average is $272.87 and its two-hundred day simple moving average is $226.82. The stock has a market capitalization of $1.43 trillion, a PE ratio of 114.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.15.

Read Our Latest Research Report on AVGO

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

NASDAQ PANW traded down $1.04 during trading on Friday, hitting $167.06. The stock had a trading volume of 9,831,203 shares, compared to its average volume of 9,794,964. The stock has a 50 day simple moving average of $194.23 and a 200 day simple moving average of $186.92. Palo Alto Networks has a one year low of $144.15 and a one year high of $210.39. The stock has a market capitalization of $111.40 billion, a price-to-earnings ratio of 95.46, a P/E/G ratio of 3.99 and a beta of 0.94.

Read Our Latest Research Report on PANW

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