Promising Industrial Stocks To Add to Your Watchlist - August 8th

Key Points

• Tesla, Micron Technology, and Broadcom are highlighted as key industrial stocks to watch, reflecting high trading volumes in the sector.
• Tesla's stock reached $329.37 with a market capitalization of $1.06 trillion and a PE ratio of 190.85 during recent trading.
• Micron Technology's shares traded at $118.28, showcasing a market cap of $132.37 billion and a PE ratio of 21.34.

Tesla, Micron Technology, and Broadcom are the three Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of publicly traded companies engaged in the production of goods and the provision of services within sectors such as manufacturing, construction, transportation and aerospace. They represent ownership stakes in firms that build machinery, equipment, infrastructure components and heavy vehicles. Because their performance often tracks broader economic cycles, industrial stocks can offer investors exposure to economic growth and cyclical market trends. 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.

Tesla stock traded up $7.10 during midday trading on Friday, reaching $329.37. The company's stock had a trading volume of 59,763,444 shares, compared to its average volume of 106,583,586. The business has a 50-day moving average price of $319.07 and a 200-day moving average price of $308.84. Tesla has a 52 week low of $194.67 and a 52 week high of $488.54. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.06 trillion, a PE ratio of 190.85, a price-to-earnings-growth ratio of 11.24 and a beta of 2.33.

Read Our Latest Research Report on TSLA

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.

MU stock traded up $6.41 during midday trading on Friday, reaching $118.28. 18,092,508 shares of the stock were exchanged, compared to its average volume of 23,085,355. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The stock has a market capitalization of $132.37 billion, a PE ratio of 21.34 and a beta of 1.37. Micron Technology has a 52 week low of $61.54 and a 52 week high of $129.85. The company has a fifty day moving average price of $115.46 and a 200 day moving average price of $98.13.

Read Our Latest Research Report on MU

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.

NASDAQ AVGO traded down $0.75 on Friday, hitting $303.01. The company's stock had a trading volume of 5,981,636 shares, compared to its average volume of 26,489,201. The firm has a market cap of $1.43 trillion, a PE ratio of 113.57, a PEG ratio of 2.15 and a beta of 1.15. The company's 50-day moving average is $271.57 and its 200 day moving average is $226.37. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom has a 1-year low of $134.90 and a 1-year high of $310.34.

Read Our Latest Research Report on AVGO

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