Promising Automotive Stocks To Keep An Eye On - July 6th

NVIDIA, Tesla, Taiwan Semiconductor Manufacturing, Micron Technology, Salesforce, Synopsys, and Costco Wholesale are the seven Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies involved in the design, manufacturing, distribution, and sale of motor vehicles and related components. Investors in these equities gain exposure to the automotive industry’s performance, which is influenced by factors such as consumer demand, technological advancements (electric and autonomous vehicles), supply-chain dynamics, and macroeconomic conditions. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

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.

NVDA traded up $2.03 during trading on Friday, hitting $159.28. 143,716,055 shares of the stock traded hands, compared to its average volume of 268,356,006. The firm has a market capitalization of $3.89 trillion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a 50-day moving average of $136.38 and a 200 day moving average of $127.83. NVIDIA has a 12-month low of $86.62 and a 12-month high of $160.98.

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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 NASDAQ:TSLA traded down $2.09 on Friday, hitting $313.56. The company had a trading volume of 58,042,302 shares, compared to its average volume of 100,923,382. The firm's 50-day simple moving average is $320.93 and its two-hundred day simple moving average is $325.13. Tesla has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 172.29, a P/E/G ratio of 9.17 and a beta of 2.39.

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Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Shares of NYSE:TSM traded up $1.89 on Friday, hitting $235.49. The company had a trading volume of 7,779,584 shares, compared to its average volume of 15,466,264. The firm's 50-day simple moving average is $200.39 and its two-hundred day simple moving average is $191.44. Taiwan Semiconductor Manufacturing has a 1 year low of $133.57 and a 1 year high of $237.58. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.22 and a beta of 1.29.

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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.

Shares of NASDAQ:MU traded up $0.29 on Friday, hitting $122.03. The company had a trading volume of 13,247,931 shares, compared to its average volume of 23,307,873. Micron Technology has a 1 year low of $61.54 and a 1 year high of $136.50. The firm has a market capitalization of $136.56 billion, a price-to-earnings ratio of 21.99 and a beta of 1.35. The firm's 50-day simple moving average is $103.57 and its two-hundred day simple moving average is $94.80. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30.

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Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

NYSE CRM traded up $2.37 during trading hours on Friday, reaching $271.58. 5,031,804 shares of the company's stock traded hands, compared to its average volume of 6,543,799. Salesforce has a 52-week low of $230.00 and a 52-week high of $369.00. The firm has a market cap of $259.63 billion, a PE ratio of 42.50, a PEG ratio of 2.47 and a beta of 1.36. The firm has a 50-day simple moving average of $272.28 and a 200 day simple moving average of $291.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

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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.

NASDAQ SNPS traded up $23.65 during trading hours on Friday, reaching $546.76. 2,020,024 shares of the company's stock traded hands, compared to its average volume of 1,177,980. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85. The firm has a market cap of $84.83 billion, a PE ratio of 39.48, a PEG ratio of 3.62 and a beta of 1.12. Synopsys has a 52-week low of $365.74 and a 52-week high of $624.80. The firm has a 50-day simple moving average of $489.89 and a 200 day simple moving average of $478.05.

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Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Costco Wholesale stock traded up $3.91 during trading hours on Friday, hitting $986.27. The stock had a trading volume of 1,101,351 shares, compared to its average volume of 2,074,110. The stock's 50-day moving average price is $1,005.20 and its 200-day moving average price is $981.20. Costco Wholesale has a 12-month low of $793.00 and a 12-month high of $1,078.24. The stock has a market capitalization of $437.39 billion, a P/E ratio of 55.94, a price-to-earnings-growth ratio of 6.14 and a beta of 0.97. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

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