Promising Industrial Stocks To Add to Your Watchlist - July 3rd

Tesla, Broadcom, and Micron Technology are the three Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of publicly traded companies that manufacture and distribute capital goods, machinery, and equipment used in sectors such as construction, aerospace, transportation and heavy manufacturing. These companies often serve as a barometer for economic activity because their revenues depend on business investment and infrastructure spending. Investors tracking industrial stocks look for signals of economic expansion or contraction based on order volumes, backlog figures and capital expenditure 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.

TSLA traded down $0.42 on Thursday, hitting $315.23. The company had a trading volume of 52,036,740 shares, compared to its average volume of 101,391,806. The company's fifty day moving average price is $319.28 and its 200 day moving average price is $328.10. Tesla has a 1-year low of $182.00 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 173.25, a price-to-earnings-growth ratio of 11.41 and a beta of 2.39.

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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.

AVGO traded up $5.12 on Thursday, hitting $275.02. The company had a trading volume of 7,656,974 shares, compared to its average volume of 28,686,419. The company's fifty day moving average price is $235.38 and its 200 day moving average price is $216.81. Broadcom has a 1-year low of $128.50 and a 1-year high of $277.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The stock has a market cap of $1.29 trillion, a price-to-earnings ratio of 103.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

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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.

MU traded up $0.38 on Thursday, hitting $122.12. The company had a trading volume of 11,395,586 shares, compared to its average volume of 23,299,497. The company's fifty day moving average price is $101.83 and its 200 day moving average price is $94.67. Micron Technology has a 1-year low of $61.54 and a 1-year high of $137.13. 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 cap of $136.67 billion, a price-to-earnings ratio of 22.00 and a beta of 1.35.

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