Promising Manufacturing Stocks To Watch Now – February 03rd

Taiwan Semiconductor Manufacturing, ServiceNow, and GE Vernova are the three Manufacturing stocks to watch today, according to MarketBeat’s stock screener tool. Manufacturing stocks refer to stocks issued by companies that primarily engage in the production of goods through various processes such as fabrication, assembly, or processing. These stocks represent ownership in companies involved in manufacturing industries like automotive, technology, consumer goods, or industrial equipment. Investors interested in manufacturing stocks often look for opportunities to benefit from revenue growth, operational efficiency, and overall economic trends affecting the manufacturing sector. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Shares of TSM stock traded down $7.62 during trading on Monday, reaching $201.70. The company’s stock had a trading volume of 11,710,836 shares, compared to its average volume of 19,864,039. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 0.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing has a 1-year low of $116.58 and a 1-year high of $226.40. The stock’s 50-day moving average price is $202.44 and its 200 day moving average price is $186.43.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

NYSE NOW traded down $0.17 on Monday, hitting $1,018.21. 978,164 shares of the stock were exchanged, compared to its average volume of 1,680,394. ServiceNow has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a market cap of $209.75 billion, a PE ratio of 149.18, a PEG ratio of 4.74 and a beta of 0.99. The company has a 50-day moving average price of $1,083.66 and a 200-day moving average price of $957.36.

GE Vernova (GEV)

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

GEV traded down $11.66 on Monday, reaching $361.22. The company had a trading volume of 2,349,864 shares, compared to its average volume of 4,240,093. GE Vernova has a 1 year low of $115.00 and a 1 year high of $447.50. The stock has a market capitalization of $99.57 billion and a PE ratio of 64.99. The stock has a 50-day moving average price of $355.29 and a 200-day moving average price of $280.05.