Top Large Cap Stocks To Watch - March 23rd

Tesla, NVIDIA, and Apple are prominent Large Cap stocks that investors should monitor today. These companies have a market capitalization of over $10 billion, categorizing them as Large Cap stocks. Such stocks are generally part of well-established and financially stable firms, making them a preferred option for long-term investors who prioritize stability and steady growth. Recently, these companies have shown significant trading volume, indicating active investor interest.

Tesla (TSLA)

Tesla, Inc. is known for designing, developing, manufacturing, leasing, and selling electric vehicles, along with energy generation and storage systems worldwide. The company operates mainly in two segments: Automotive and Energy Generation and Storage. In the Automotive segment, Tesla delivers electric vehicles and also provides services related to vehicle sales, regulatory credits, parts, supercharging options, and vehicle insurance.

On the trading day prior, Tesla shares rose by $12.45, closing at $248.71. Approximately 132 million shares were traded, surpassing the average trading volume of about 91 million shares. Tesla’s market capitalization stands at about $800 billion, with a price-to-earnings (P/E) ratio of 121.92 and a beta of 2.50. Over the last year, the stock has fluctuated between a low of $138.80 and a high of $488.54, showcasing substantial volatility.

NVIDIA (NVDA)

NVIDIA Corporation specializes in graphics and computing solutions, offering a wide variety of products and services for different markets, including gaming and enterprise applications. Its Graphics segment features GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and solutions for 3D applications. NVIDIA also provides platforms for cloud-based visual computing and automotive infotainment systems.

On the last trading day, NVIDIA stock decreased by $0.83, reaching $117.70, with a trading volume of approximately 266 million shares, slightly below its average volume of 315 million shares. The company boasts a market capitalization of $2.87 trillion, a P/E ratio of 46.32, and a beta of 1.77, indicating its relative volatility compared to the market. NVIDIA's shares have experienced a low of $75.61 and a high of $153.13 over the past year.

Apple (AAPL)

Apple Inc. designs and manufactures a wide range of consumer electronics, including smartphones, personal computers, tablets, wearables, and accessories. The company's key products include the iPhone, Mac computers, iPads, and wearables like AirPods and Apple Watch.

On the latest trading day, Apple shares gained $4.17 to close at $218.27, with a trading volume of nearly 94 million shares, significantly higher than its average volume of approximately 53 million shares. Apple has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, and a beta of 1.18. Its stock has seen a 52-week low of $164.08 and a high of $260.10, reflecting its performance amidst market fluctuations.

This overview of Large Cap stocks emphasizes the significance of monitoring high-volume shares in established companies like Tesla, NVIDIA, and Apple, as they can provide both stability and growth potential for investors.

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