Top Manufacturing Stocks To Add to Your Watchlist - September 27th

Key Points

• Taiwan Semiconductor Manufacturing, Applied Materials, Phillips 66, Jabil, and Johnson Controls International are identified as top manufacturing stocks to watch, highlighting their significance in the current market.
• Manufacturing stocks are influential in economic recovery phases and typically see demand rise with economic expansion, making them attractive for investors.
• The manufacturing sector, including companies like Phillips 66 and Applied Materials, is sensitive to various factors like raw-material costs, labor conditions, and trade dynamics.

Taiwan Semiconductor Manufacturing, Applied Materials, Phillips 66, Jabil, and Johnson Controls International are the five Manufacturing stocks to watch today, according to MarketBeat's stock screener tool. Manufacturing stocks are shares of publicly traded companies whose primary business is the production of physical goods—such as automobiles, electronics, machinery or consumer products—through industrial processes and assembly lines. Investors monitor these stocks to gain exposure to economic and industrial growth, since demand for manufactured goods typically rises in expanding economies and falls during downturns. While they can offer strong returns in recovery phases, manufacturing stocks are often cyclical and sensitive to raw-material costs, labor conditions and trade dynamics. 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

Jabil (JBL)

Jabil Inc. provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

Read Our Latest Research Report on JBL

Johnson Controls International (JCI)

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Read Our Latest Research Report on JCI