Promising Industrial Stocks To Follow Now – July 13th

Tesla, Broadcom, Micron Technology, Accenture, Chevron, Texas Instruments, and Thermo Fisher Scientific are the seven Industrial stocks to watch today, according to MarketBeat’s stock screener tool. Industrial stocks are shares of publicly traded companies whose primary business involves the manufacture, distribution or provision of industrial goods and services—such as machinery, aerospace and defense equipment, construction materials or transportation. They are often regarded as cyclical investments because their performance tends to correlate with overall economic growth, infrastructure spending and industrial activity. As a result, industrial stocks may outperform in expansionary periods but underperform during economic slowdowns. 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.

Shares of TSLA traded up $3.64 during trading hours on Friday, reaching $313.51. 78,861,329 shares of the company traded hands, compared to its average volume of 99,596,575. The stock’s fifty day moving average is $322.60 and its 200 day moving average is $320.26. The stock has a market cap of $1.01 trillion, a P/E ratio of 172.26, a price-to-earnings-growth ratio of 9.33 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. Tesla has a 1-year low of $182.00 and a 1-year high of $488.54.

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 down $1.02 during trading hours on Friday, reaching $274.38. 14,264,387 shares of the company traded hands, compared to its average volume of 28,121,225. The stock’s fifty day moving average is $246.70 and its 200 day moving average is $218.72. The stock has a market cap of $1.29 trillion, a P/E ratio of 102.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. Broadcom has a 1-year low of $128.50 and a 1-year high of $281.18.

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.

Shares of MU traded up $1.42 during trading hours on Friday, reaching $124.53. 15,803,821 shares of the company traded hands, compared to its average volume of 23,251,935. The stock has a market cap of $139.36 billion, a P/E ratio of 22.44 and a beta of 1.35. The stock’s fifty day moving average is $108.03 and its 200 day moving average is $95.97. Micron Technology has a 1-year low of $61.54 and a 1-year high of $135.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Accenture (ACN)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

NYSE ACN traded down $7.35 on Friday, reaching $281.01. The company’s stock had a trading volume of 5,075,765 shares, compared to its average volume of 2,920,596. The firm has a market cap of $176.00 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. The business has a 50-day moving average price of $309.00 and a 200 day moving average price of $327.12. Accenture has a 52 week low of $273.19 and a 52 week high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

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.

NYSE CVX traded up $1.21 on Friday, reaching $155.38. The company’s stock had a trading volume of 8,332,244 shares, compared to its average volume of 8,359,711. The firm has a market cap of $271.35 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. The business has a 50-day moving average price of $142.62 and a 200 day moving average price of $148.44. Chevron has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17.

Texas Instruments (TXN)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.

NASDAQ TXN traded up $1.59 on Friday, reaching $221.25. The company’s stock had a trading volume of 5,394,922 shares, compared to its average volume of 6,463,632. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market cap of $201.00 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 3.60 and a beta of 1.03. Texas Instruments has a 52 week low of $139.95 and a 52 week high of $221.69. The business has a 50-day moving average price of $194.11 and a 200 day moving average price of $184.26.

Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.

Thermo Fisher Scientific stock traded up $4.29 during trading hours on Friday, hitting $435.02. 2,511,384 shares of the stock were exchanged, compared to its average volume of 1,999,630. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 1.77. The stock has a market capitalization of $164.22 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.31 and a beta of 0.77. Thermo Fisher Scientific has a 12 month low of $385.46 and a 12 month high of $627.88. The business’s 50-day moving average is $409.39 and its two-hundred day moving average is $476.23.