Industrial Stocks To Watch Now – May 3rd

Tesla, Broadcom, and Eaton are the three Industrial stocks to watch today, according to MarketBeat’s stock screener tool. Industrial stocks are shares of publicly traded companies that manufacture and distribute the capital goods and infrastructure products used in sectors like construction, aerospace, machinery and transportation. They often serve as a barometer for overall economic health, rising when industrial output and capital spending increase and underperforming during slowdowns. Investors watch these stocks to gauge trends in manufacturing activity and broader economic demand. 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 NASDAQ TSLA traded up $6.69 during midday trading on Friday, hitting $287.21. The company’s stock had a trading volume of 113,968,586 shares, compared to its average volume of 95,779,003. Tesla has a one year low of $167.41 and a one year high of $488.54. The stock has a fifty day moving average price of $258.82 and a 200 day moving average price of $324.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $925.09 billion, a price-to-earnings ratio of 140.79, a P/E/G ratio of 5.86 and a beta of 2.58.

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 stock traded up $6.31 on Friday, reaching $203.64. The company’s stock had a trading volume of 17,749,359 shares, compared to its average volume of 31,190,347. Broadcom has a 12-month low of $124.71 and a 12-month high of $251.88. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $957.50 billion, a P/E ratio of 166.10, a PEG ratio of 2.29 and a beta of 1.05. The stock’s 50 day simple moving average is $182.21 and its 200-day simple moving average is $196.48.

Eaton (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

Shares of NYSE ETN traded down $2.08 during mid-day trading on Friday, reaching $299.58. 5,931,677 shares of the company were exchanged, compared to its average volume of 2,632,727. The company’s 50 day moving average price is $281.21 and its 200 day moving average price is $321.76. Eaton has a 52 week low of $231.85 and a 52 week high of $379.99. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $117.37 billion, a PE ratio of 31.53, a PEG ratio of 2.64 and a beta of 1.09.