Promising Construction Stocks To Consider - July 9th

IonQ, Berkshire Hathaway, and Caterpillar are the three Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of publicly traded companies whose primary business involves building, developing or supplying materials for residential, commercial and infrastructure projects. Investors buy these equities to gain exposure to the construction sector’s growth potential, which often correlates with economic cycles, government spending on infrastructure and real estate activity. These companies had the highest dollar trading volume of any Construction stocks within the last several days.

IonQ (IONQ)

IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.

Shares of IonQ stock traded up $0.68 during trading on Wednesday, hitting $45.65. 21,497,842 shares of the stock traded hands, compared to its average volume of 19,752,820. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of -30.64 and a beta of 2.55. The firm's fifty day moving average is $38.40 and its 200-day moving average is $34.05. IonQ has a 52 week low of $6.22 and a 52 week high of $54.74.

Read Our Latest Research Report on IONQ

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of Berkshire Hathaway stock traded up $0.74 during midday trading on Wednesday, reaching $478.21. 2,009,855 shares of the company's stock traded hands, compared to its average volume of 4,412,820. The company has a market cap of $1.03 trillion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 3.33 and a beta of 0.83. The stock has a 50 day moving average of $499.15 and a 200-day moving average of $493.90. Berkshire Hathaway has a 12 month low of $406.11 and a 12 month high of $542.07.

Read Our Latest Research Report on BRK.B

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

CAT stock traded up $7.50 on Wednesday, reaching $401.79. 2,072,839 shares of the company traded hands, compared to its average volume of 2,693,285. Caterpillar has a one year low of $267.30 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The company has a market cap of $189.26 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.60 and a beta of 1.38. The firm has a fifty day simple moving average of $355.40 and a 200-day simple moving average of $347.25.

Read Our Latest Research Report on CAT