Promising Technology Stocks To Add to Your Watchlist - May 31st

NVIDIA, Microsoft, and Apple are the three Technology stocks to watch today, according to MarketBeat's stock screener tool. Technology stocks are shares of companies whose primary business involves developing, manufacturing, or distributing technology products and services—such as software, hardware, semiconductors, internet platforms, and telecommunications equipment. Investors often view these stocks as growth-oriented due to the sector’s rapid innovation cycles, though they can also exhibit higher volatility compared to more established industries. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

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.

Shares of NVDA traded down $4.91 during midday trading on Friday, hitting $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,134. The company has a 50 day simple moving average of $115.48 and a two-hundred day simple moving average of $126.52. NVIDIA has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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Microsoft (MSFT)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Shares of MSFT traded up $0.09 during midday trading on Friday, hitting $458.77. The stock had a trading volume of 34,758,620 shares, compared to its average volume of 21,610,309. The company has a 50 day simple moving average of $409.00 and a two-hundred day simple moving average of $415.17. Microsoft has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Read Our Latest Research Report on MSFT

Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Shares of AAPL traded down $0.94 during midday trading on Friday, hitting $199.01. The stock had a trading volume of 70,744,759 shares, compared to its average volume of 56,305,347. The company has a 50 day simple moving average of $203.10 and a two-hundred day simple moving average of $225.02. Apple has a twelve month low of $169.21 and a twelve month high of $260.10. The firm has a market cap of $2.97 trillion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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