Promising Manufacturing Stocks To Watch Now - April 8th

Key Points

• MarketBeat's screener named Taiwan Semiconductor Manufacturing (TSM), Applied Materials (AMAT), and Phillips 66 (PSX) as the top manufacturing stocks to watch, based on the highest dollar trading volume in recent days.
• Company roles: TSM is a global wafer foundry making integrated circuits, AMAT supplies semiconductor and display fabrication equipment and services, and PSX is an energy manufacturing and logistics firm operating refining, chemicals, and midstream businesses.
• Investor implication: Manufacturing stocks are cyclical and sensitive to overall economic activity, commodity costs, and supply-chain conditions, so they may outperform in expansions and lag in recessions.

Taiwan Semiconductor Manufacturing, Applied Materials, and Phillips 66 are the three Manufacturing stocks to watch today, according to MarketBeat's stock screener tool. Manufacturing stocks are shares of publicly traded companies whose primary business is producing physical goods—such as automobiles, machinery, electronics, chemicals, or consumer products—through industrial processes. Investors view them as industrial or cyclical plays because their sales and profits typically move with overall economic activity, commodity costs, and supply-chain conditions, so they may outperform in expansions and lag in recessions. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

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.

Read Our Latest Research Report on TSM

Applied Materials (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

Read Our Latest Research Report on AMAT

Phillips 66 (PSX)

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Read Our Latest Research Report on PSX

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