Promising Manufacturing Stocks Worth Watching – May 30th

Zscaler, Salesforce, and Taiwan Semiconductor Manufacturing are the three Manufacturing stocks to watch today, according to MarketBeat’s stock screener tool. Manufacturing stocks are the inventories a producer holds at various stages of its operations—including raw materials awaiting processing, work-in-progress items being transformed, and finished goods ready for sale. By maintaining the right levels of these stocks, a manufacturer ensures uninterrupted production flow, meets customer demand on time and keeps storage and obsolescence costs under control. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

Zscaler (ZS)

Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

ZS stock traded up $22.57 during trading on Friday, reaching $273.68. 5,322,807 shares of the stock were exchanged, compared to its average volume of 2,072,319. Zscaler has a twelve month low of $153.45 and a twelve month high of $273.57. The company has a market capitalization of $42.34 billion, a P/E ratio of -1,092.81 and a beta of 1.14. The stock has a 50 day simple moving average of $219.46 and a 200-day simple moving average of $205.90.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

CRM stock traded down $4.04 during trading on Friday, reaching $262.88. 5,535,892 shares of the stock were exchanged, compared to its average volume of 6,984,482. Salesforce has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a market capitalization of $252.73 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The stock has a 50 day simple moving average of $267.78 and a 200-day simple moving average of $305.28. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

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.

TSM stock traded down $5.01 during trading on Friday, reaching $192.14. 6,818,968 shares of the stock were exchanged, compared to its average volume of 17,102,600. Taiwan Semiconductor Manufacturing has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a market capitalization of $996.53 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The stock has a 50 day simple moving average of $170.81 and a 200-day simple moving average of $187.42. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.