Top Industrial Stocks to Watch Today - March 29th

Today, several industrial stocks are in the spotlight, with notable companies such as Tesla, Broadcom, Micron Technology, Constellation Energy, Vertiv, Texas Instruments, and Thermo Fisher Scientific making headlines. These stocks, along with others in the industrial sector, represent firms involved in the production, manufacturing, and distribution of various industrial goods and services, which include machinery, aerospace equipment, and transportation systems. Industrial stocks are often cyclical, typically performing better during economic growth when industrial activity and capital investments rise, and may face volatility during economic slowdowns. The stocks listed had the highest trading volume among industrial stocks recently.

Tesla (TSLA)

Tesla, Inc. is a leading manufacturer of electric vehicles and energy systems, with a presence in the United States, China, and other global markets. The company operates in two key segments: Automotive and Energy Generation and Storage. The Automotive segment not only sells electric cars but also trades in regulatory credits and provides various after-sales services.

On Friday, TSLA shares dropped by $9.58 during trading, bringing the price down to $263.55. The trading volume was notably high at 123,100,723 shares, surpassing the average of 93,218,015. Tesla has a market capitalization of approximately $847.71 billion, a PE ratio of 129.19, and a 52-week range between $138.80 and $488.54.

Broadcom (AVGO)

Broadcom Inc. specializes in the design and supply of semiconductor devices and operates in two primary segments: Semiconductor Solutions and Infrastructure Software. This company focuses on complex digital devices worldwide.

Shares of AVGO fell by $2.87 on Friday to reach $169.12, with a trading volume of 30,361,772 shares, slightly under its usual volume. The firm has a market cap of about $795.19 billion and a PE ratio of 137.95, with its twelve-month price range hitting lows of $119.76 and highs of $251.88.

Micron Technology (MU)

Micron Technology, Inc. is renowned for its memory and storage products globally, operating through four key segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. The company offers various memory solutions, including high-speed data retrieval devices.

On Friday, MU shares saw a decline of $2.72 to $88.44, with 17,071,458 shares traded. The company has a market capitalization of $98.84 billion, a price-to-earnings ratio of 25.49, and a range of $83.54 to $157.54 in the past year.

Constellation Energy (CEG)

Constellation Energy Corporation is involved in electricity generation and retail energy services in the U.S., operating across several regions. The company has a substantial generating capacity through various energy sources.

CEG stock traded down by $3.81 on Friday to $205.39, with 5,570,222 shares exchanged. The firm is valued at approximately $64.35 billion and has a price-to-earnings ratio of 17.27, with highs of $352.00 and lows of $155.60 over the past year.

Vertiv (VRT)

Vertiv Holdings Co designs and services essential digital infrastructure technologies, serving various sectors globally.

During trading on Friday, NYSE: VRT dropped by $2.00 to reach $74.32, with significant trading volume of 13,141,363 shares. The company's market capitalization stands at $28.30 billion with a PE ratio of 58.06 and a 52-week price range of $62.40 to $155.84.

Texas Instruments (TXN)

Texas Instruments designs and manufactures semiconductor products, aiming at electronics designers globally. It operates through the Analog and Embedded Processing segments.

TXN shares were down by $4.43 to $176.33 on Friday, with 5,490,538 shares trading hands. The firm has a market cap of $160.45 billion and a PE ratio of 33.97, with a year range from $159.11 to $220.39.

Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific Inc. provides life sciences solutions and analytical instruments worldwide. Its offerings serve various sectors, including pharmaceuticals and healthcare.

TMO stock dropped by $11.94 during trading, bringing it to $499.75, with a volume of 1,787,715 shares compared to its average. The company has a market cap of $188.53 billion, a PE ratio of 30.23, and has seen its price range between $493.30 and $627.88 over the past year.

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