Industrial Stocks To Consider – August 6th

Tesla, Broadcom, and Accenture are the three Industrial stocks to watch today, according to MarketBeat’s stock screener tool. Industrial stocks are shares of companies that manufacture and supply machinery, equipment and infrastructure‐related products used in sectors such as construction, transportation and defense. They serve as barometers of economic activity, tending to rise during expansions when demand for capital goods grows and to fall during downturns as industrial output slows. As cyclical equities, their performance often correlates closely with broader economic trends. 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.

TSLA stock traded up $8.60 during trading on Wednesday, reaching $317.32. 46,982,178 shares of the company were exchanged, compared to its average volume of 106,965,602. Tesla has a twelve month low of $191.48 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The company has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 182.93, a P/E/G ratio of 10.86 and a beta of 2.33. The company has a 50-day moving average of $320.54 and a two-hundred day moving average of $309.49.

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 NASDAQ:AVGO traded up $7.72 during midday trading on Wednesday, hitting $300.65. 7,568,372 shares of the stock were exchanged, compared to its average volume of 26,629,273. The business’s 50-day moving average price is $269.08 and its 200 day moving average price is $225.39. The stock has a market capitalization of $1.41 trillion, a price-to-earnings ratio of 112.40, a P/E/G ratio of 2.12 and a beta of 1.15. Broadcom has a 12 month low of $134.90 and a 12 month high of $306.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

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.

ACN traded down $0.56 during midday trading on Wednesday, hitting $246.51. 4,005,446 shares of the company were exchanged, compared to its average volume of 3,451,452. The firm has a market capitalization of $154.39 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.35 and a beta of 1.29. The firm’s 50 day moving average price is $295.60 and its 200-day moving average price is $317.95. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture has a 1-year low of $244.00 and a 1-year high of $398.35.