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Promising Large Cap Stocks To Follow Today - July 24th

Tesla logo with Auto/Tires/Trucks background

Tesla, NVIDIA, and Invesco QQQ are the three Large Cap stocks to watch today, according to MarketBeat's stock screener tool. Large-cap stocks are shares of companies whose total market value typically exceeds $10 billion, reflecting their status as well-established, financially robust enterprises. Because they’re mature businesses with steady earnings and high trading volumes, large caps tend to exhibit lower volatility and often pay dividends, making them a popular choice for investors seeking stability and income. These companies had the highest dollar trading volume of any Large Cap 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.

Shares of Tesla stock traded down $27.87 on Thursday, reaching $304.69. 125,315,487 shares of the stock were exchanged, compared to its average volume of 107,950,523. The business has a 50 day moving average price of $326.13 and a two-hundred day moving average price of $315.92. The firm has a market capitalization of $981.39 billion, a price-to-earnings ratio of 167.67, a PEG ratio of 12.61 and a beta of 2.39. Tesla has a twelve month low of $182.00 and a twelve month 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.

Read Our Latest Research Report on TSLA

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 $2.75 during trading on Thursday, reaching $173.53. 98,734,630 shares of the company's stock were exchanged, compared to its average volume of 252,004,063. The company's fifty day simple moving average is $149.41 and its 200-day simple moving average is $130.53. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 56.03, a price-to-earnings-growth ratio of 1.47 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. NVIDIA has a 1 year low of $86.62 and a 1 year high of $174.25.

Read Our Latest Research Report on NVDA

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.

Shares of Invesco QQQ stock traded up $1.92 during trading on Thursday, hitting $565.73. 27,892,753 shares of the company's stock were exchanged, compared to its average volume of 44,742,301. The business has a 50-day simple moving average of $537.33 and a 200-day simple moving average of $508.21. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $566.23.

Read Our Latest Research Report on QQQ

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