Top Industrial Stocks To Add to Your Watchlist - July 8th

Tesla, Broadcom, Micron Technology, Chevron, and Wolfspeed are the five Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of companies operating in the industrial sector—this includes manufacturers of machinery, aerospace and defense firms, transportation equipment makers and construction suppliers. They represent businesses that produce capital goods and services essential for infrastructure and production processes. Because demand for industrial products closely follows economic cycles, industrial stocks tend to rise in periods of expansion and fall in downturns. 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 up $7.95 on Tuesday, reaching $301.89. The company had a trading volume of 59,404,324 shares, compared to its average volume of 109,547,797. Tesla has a 52-week low of $182.00 and a 52-week high of $488.54. The business has a 50 day simple moving average of $321.10 and a 200 day simple moving average of $323.46. The company has a market cap of $972.38 billion, a price-to-earnings ratio of 165.87, a P/E/G ratio of 9.17 and a beta of 2.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

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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.

Shares of AVGO traded up $0.74 during mid-day trading on Tuesday, reaching $274.92. The company's stock had a trading volume of 6,750,079 shares, compared to its average volume of 28,441,977. The company's fifty day moving average price is $240.40 and its two-hundred day moving average price is $217.54. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom has a 52 week low of $128.50 and a 52 week high of $277.71. The stock has a market cap of $1.29 trillion, a PE ratio of 102.97, a P/E/G ratio of 1.96 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.

Micron Technology stock traded up $4.87 during trading hours on Tuesday, reaching $124.79. The stock had a trading volume of 14,165,169 shares, compared to its average volume of 23,256,913. The stock has a market cap of $139.66 billion, a PE ratio of 22.48 and a beta of 1.35. The company has a fifty day simple moving average of $104.39 and a 200-day simple moving average of $95.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology has a 52 week low of $61.54 and a 52 week high of $136.50.

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Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Shares of CVX traded up $5.16 during mid-day trading on Tuesday, hitting $152.56. 6,589,394 shares of the company's stock traded hands, compared to its average volume of 8,282,180. The business's 50-day moving average price is $141.31 and its 200-day moving average price is $148.18. Chevron has a 1 year low of $132.04 and a 1 year high of $168.96. The firm has a market capitalization of $266.43 billion, a P/E ratio of 17.44, a PEG ratio of 2.51 and a beta of 0.83. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Shares of WOLF traded up $0.28 on Tuesday, reaching $2.59. The stock had a trading volume of 260,403,578 shares, compared to its average volume of 26,002,977. Wolfspeed has a 12-month low of $0.39 and a 12-month high of $25.49. The firm has a market capitalization of $403.22 million, a price-to-earnings ratio of -0.31 and a beta of 1.09. The company has a 50-day simple moving average of $2.01 and a 200-day simple moving average of $4.08. The company has a debt-to-equity ratio of 30.65, a quick ratio of 3.90 and a current ratio of 4.64.

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