Promising Manufacturing Stocks to Watch Today - March 30th

Today, three manufacturing stocks stand out for investors: Taiwan Semiconductor Manufacturing Company, Oracle, and ServiceNow. This information is gathered using a stock screener to help identify significant trading activity in the manufacturing sector. Manufacturing stocks are shares of companies involved primarily in the production of goods, machinery, and industrial products. These stocks often experience cyclical trends, meaning their performance tends to fluctuate with economic conditions and consumer demand, impacting aspects such as capacity investment, raw material expenses, and overall industrial output. Recently, these companies have had the highest trading volumes among manufacturing stocks.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited operates by manufacturing, packaging, testing, and selling integrated circuits and semiconductor devices across several global regions including Taiwan, China, and the United States. The company provides a wide array of advanced wafer fabrication processes, covering complementary metal-oxide-semiconductor (CMOS), mixed-signal technologies, radio frequency applications, and more.

On Friday, shares of TSMC were trading down by $2.42, reaching a price of $165.82. The trading volume for the day was 16,312,453 shares, higher than the average volume of 15,291,333 shares. With a debt-to-equity ratio of 0.24, quick ratio of 2.30, and current ratio of 2.57, the company maintains a strong financial position. Its market capitalization stands at approximately $860 billion, with a price-to-earnings (P/E) ratio of 23.55. TSMC's stock has experienced a 52-week range between a low of $125.78 and a high of $226.40.

Oracle (ORCL)

Oracle Corporation provides various products and services tailored to enterprise information technology needs on a global scale. Its cloud software offerings include applications for enterprise resource planning (ERP), supply chain management, healthcare, and much more.

On the same trading day, Oracle shares declined by $5.03, bringing the stock price to $140.75. The total trading volume reached 13,138,087 shares, exceeding its usual volume of 8,963,386. Oracle’s market capitalization is around $393.67 billion, with a P/E ratio of 34.41. The stock has a 52-week low of $112.78 and a high of $198.31, along with a debt-to-equity ratio of 5.65.

ServiceNow (NOW)

ServiceNow, Inc. specializes in providing intelligent workflow automation solutions for digital businesses across various global markets. The company offers the Now platform, which incorporates digital transformation, AI, machine learning, and automation tools.

ServiceNow shares fell by $31.13 on Friday, hitting $796.61. Approximately 1,758,174 shares exchanged hands, surpassing its average trading volume of 1,408,303 shares. The company boasts a market capitalization of $164.10 billion and a P/E ratio of 116.63. ServiceNow's stock has fluctuated between a 12-month low of $637.99 and a high of $1,198.09.

These companies represent strong players within the manufacturing sector and are worth watching for investors looking for potential opportunities.

Manufacturing, Invest, Stocks