Top Industrial Stocks to Consider - March 1st

Tesla, Broadcom, Micron Technology, Accenture, and Texas Instruments are highlighted as the top industrial stocks to investigate today, based on insights from a stock screener tool. Industrial stocks represent shares of companies that either manufacture products, provide industrial services, or create capital equipment. This sector encompasses various fields like machinery, aerospace, transportation, and chemicals. These stocks tend to mirror economic trends and can be influenced by changes in industrial demand and the overall economic environment. Recently, these five companies have recorded the highest trading volume among industrial stocks.

Tesla (TSLA)

Tesla, Inc. designs, develops, produces, and markets electric vehicles and energy solutions across the globe, including in the United States and China. The company operates through two main segments: Automotive and Energy Generation and Storage. The Automotive segment offers not only electric vehicles but also sells automotive regulatory credits and other services related to vehicles, such as insurance and parts.

On Friday, TSLA saw an increase of $11.38, ending the trading day at $293.33. The total trading volume reached 115,346,932 shares, exceeding its average volume of 79,298,227. Tesla holds a market capitalization of $943.49 billion, with a P/E ratio of 143.79 and a beta of 2.34. Its 50-day moving average stands at $385.35, while the 200-day moving average is $315.95. The stock has fluctuated between a one-year low of $138.80 and a high of $488.54.

Broadcom (AVGO)

Broadcom Inc. is engaged in designing, developing, and producing a wide array of semiconductor devices, particularly focusing on complex digital and mixed-signal products on a global scale. The company has two main segments: Semiconductor Solutions and Infrastructure Software.

On Friday, AVGO shares rose by $1.49, reaching $199.29. The trading volume for the day was 39,698,617 shares, which is higher than its average of 28,044,609. Broadcom’s market cap sits at $934.16 billion, with a P/E ratio of 162.56 and a beta of 1.02. Its 50-day moving average is $227.44, contrasting with its 200-day moving average at $191.86. The stock's 52-week low was $119.76, while its high was $251.88.

Micron Technology (MU)

Micron Technology, Inc. specializes in the design, manufacture, and sale of memory and storage products worldwide. The company is divided into four segments: Compute and Networking, Mobile, Embedded, and Storage Business Units. Micron provides an array of memory technologies, ensuring fast data retrieval and reliable storage solutions under its Micron and Crucial brands.

On Friday, Micron Technology stock increased by $1.81, closing at $93.63. Approximately 23,342,106 shares changed hands during trading, slightly above its average volume of 22,560,625. The company boasts a market cap of $104.32 billion, a P/E ratio of 26.98, and a beta of 1.18. The stock's 12-month low stands at $83.54, with a high of $157.54.

Accenture (ACN)

Accenture plc is a global professional services company offering a variety of services including strategy, consulting, technology, and operations. The company's offerings include software and quality engineering, data management, intelligent automation, and sustainable solutions.

On Friday, shares of Accenture dropped by $8.59 to $348.28, with trading volume at 5,767,969 shares, surpassing its average of 2,775,322. Accenture holds a market cap of $217.95 billion, with a P/E ratio of 29.22 and a beta of 1.24. Its fifty-day moving average is $367.28, while the two-hundred-day moving average is $357.56. The stock has ranged between a 12-month low of $278.69 and a high of $398.35.

Texas Instruments (TXN)

Texas Instruments Incorporated designs and manufactures semiconductors for electronic manufacturers and designers both in the United States and globally. The company operates mainly through Analog and Embedded Processing segments, providing essential power management products.

On Friday, TXN shares rose by $4.72, reaching a price of $196.02. A total of 9,023,537 shares were traded, exceeding the average of 6,618,342. Texas Instruments has a market capitalization of $178.44 billion, a P/E ratio of 37.77, and a beta of 0.97. The stock's fifty-day moving average is $189.49, whereas its 200-day moving average is $197.68. The company's stock has a 52-week low of $159.11 and a high of $220.38.

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