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Large Cap Stocks Worth Watching - November 6th

Invesco QQQ logo with background
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Key Points

  • Seven high-volume large-cap stocks highlighted: Invesco QQQ, Micron, NVIDIA, AMD, Sandisk, SpaceX and Tesla were among the most actively traded large-cap names in recent days.
  • Friday trading was mixed: all seven were reported higher on the day, while several remained well below their 50-day moving averages, including Micron, NVIDIA, AMD and Sandisk.
  • Sandisk announced an 8-for-1 stock split, with shares scheduled to be distributed after the November 19 market close and trading on a split-adjusted basis to begin November 20.
  • Interested in Invesco QQQ? Here are five stocks we like better.

Invesco QQQ, Micron Technology, NVIDIA, Advanced Micro Devices, Sandisk, SpaceX, and Tesla are the seven Large Cap stocks to watch today, according to MarketBeat's stock screener tool. Large-cap stocks are shares of companies with a high total market value, typically around $10 billion or more, though the cutoff varies by source and market. Investors often view these companies as more established and liquid than smaller firms, but large-cap stocks can still lose value and aren’t necessarily low-risk. These companies had the highest dollar trading volume of any Large Cap stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Invesco QQQ stock traded up $12.16 during trading on Friday, reaching $659.21. The company had a trading volume of 52,694,563 shares, compared to its average volume of 48,161,086. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The stock's 50 day moving average price is $722.27 and its two-hundred day moving average price is $680.09.

Read Our Latest Research Report on QQQ

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.

Shares of MU traded up $37.11 during mid-day trading on Friday, reaching $693.50. The company had a trading volume of 34,831,587 shares, compared to its average volume of 40,361,805. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The firm has a fifty day simple moving average of $966.51 and a 200-day simple moving average of $753.37. The stock has a market cap of $784.64 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.

Read Our Latest Research Report on MU

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NVIDIA stock traded up $6.82 during midday trading on Friday, reaching $188.42. The stock had a trading volume of 127,231,164 shares, compared to its average volume of 149,027,734. NVIDIA has a twelve month low of $164.27 and a twelve month high of $243.37. The stock has a market capitalization of $4.54 trillion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.54 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock's 50-day simple moving average is $220.63 and its 200 day simple moving average is $204.48.

Read Our Latest Research Report on NVDA

Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

Shares of NASDAQ AMD traded up $43.76 during midday trading on Friday, hitting $448.15. The stock had a trading volume of 33,776,019 shares, compared to its average volume of 31,983,326. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices has a 1-year low of $188.22 and a 1-year high of $658.52. The company has a market capitalization of $731.60 billion, a price-to-earnings ratio of 96.92, a PEG ratio of 5.01 and a beta of 2.49. The company has a fifty day moving average price of $547.37 and a 200 day moving average price of $413.90.

Read Our Latest Research Report on AMD

Sandisk (SNDK)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.

SNDK traded up $21.97 on Friday, reaching $828.40. 14,150,528 shares of the company's stock were exchanged, compared to its average volume of 14,799,493. The company's 50 day moving average is $1,517.43 and its 200-day moving average is $1,263.07. The company has a market cap of $117.87 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.08 and a beta of 5.66. Sandisk has a twelve month low of $183.00 and a twelve month high of $2,354.39.

Sandisk shares are set to split before the market opens on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be distributed to shareholders after the market closes on Thursday, November 19th.

Read Our Latest Research Report on SNDK

SpaceX (SPCX)

Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.

SPCX traded up $11.25 during trading on Friday, hitting $134.87. 84,402,728 shares of the company's stock were exchanged, compared to its average volume of 103,480,609. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock's 50 day moving average is $149.32. The stock has a market capitalization of $1.83 trillion and a price-to-earnings ratio of 517.85.

Read Our Latest Research Report on SPCX

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 TSLA stock traded up $17.37 during mid-day trading on Friday, reaching $361.06. The company's stock had a trading volume of 25,667,560 shares, compared to its average volume of 50,169,742. The company's 50 day simple moving average is $372.07 and its 200-day simple moving average is $384.65. Tesla has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.43 trillion, a PE ratio of 396.27, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74.

Read Our Latest Research Report on TSLA

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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