Top Manufacturing Stocks To Consider - September 24th

Key Points

• Taiwan Semiconductor Manufacturing, Applied Materials, and Jabil are highlighted as key manufacturing stocks to monitor due to their significant trading volume recently.
• Taiwan Semiconductor Manufacturing Company is a major player in the semiconductor industry, providing a wide range of wafer fabrication processes and serving global markets, including the U.S. and Europe.
• Applied Materials specializes in manufacturing equipment and services for the semiconductor sector and operates in three key segments, driven by the demand for semiconductor chips and integrated circuits.

Taiwan Semiconductor Manufacturing, Applied Materials, and Jabil are the three Manufacturing stocks to watch today, according to MarketBeat's stock screener tool. Manufacturing stocks are equity shares of companies whose primary business is turning raw materials into finished goods—everything from automobiles and machinery to textiles and electronics. Investors buy these stocks to gain exposure to the industrial sector and to benefit from economic growth, since manufacturing activity often rises and falls with the broader economy. Because they tend to be cyclical, manufacturing stocks can offer strong returns during expansions but may underperform during downturns. 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

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