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Promising Manufacturing Stocks Worth Watching - October 12th

Taiwan Semiconductor Manufacturing logo with Computer and Technology background

Key Points

  • Taiwan Semiconductor Manufacturing Company (TSMC), Applied Materials, and Chart Industries are identified as the top manufacturing stocks to watch for their high trading volume and potential for growth in the industrial sector.
  • TSMC specializes in manufacturing integrated circuits and semiconductor devices, providing a wide range of fabrication processes globally.
  • Applied Materials offers equipment and services for the semiconductor industry, operating through three segments focused on semiconductor systems, global services, and adjacent markets.
  • Five stocks to consider instead of Taiwan Semiconductor Manufacturing.

Taiwan Semiconductor Manufacturing, Applied Materials, and Chart Industries 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 involves producing physical goods—ranging from automobiles and electronics to textiles and industrial machinery. Investors buy these equities to gain exposure to the industrial sector’s growth prospects, dividend potential and sensitivity to economic cycles. Monitoring factors like raw-material costs, production capacity and global demand helps investors assess their performance. 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

Chart Industries (GTLS)

Chart Industries, Inc. engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

Read Our Latest Research Report on GTLS

Read More

Should You Invest $1,000 in Taiwan Semiconductor Manufacturing Right Now?

Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiwan Semiconductor Manufacturing wasn't on the list.

While Taiwan Semiconductor Manufacturing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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