Top Manufacturing Stocks To Watch Today - March 1st

Today, investors are keeping a close eye on three notable manufacturing stocks: Taiwan Semiconductor Manufacturing, Salesforce, and Oracle. Manufacturing stocks represent ownership in companies that transform raw materials and components into finished products. This sector includes various industries such as automotive, electronics, and machinery, and their stock performance often reflects the overall health of the economy.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is engaged in the manufacturing, packaging, testing, and selling of integrated circuits and other semiconductor devices globally. The company offers a range of wafer fabrication processes including complementary metal-oxide-semiconductor (CMOS) logic and mixed-signal outputs.

The stock of Taiwan Semiconductor Manufacturing saw a decrease of $1.00 during trading on Friday, reaching $180.10. The trading volume was 27,895,144 shares, higher than its average volume of 17,601,268. The company’s debt-to-equity ratio stands at 0.24, with a current ratio of 2.57 and a quick ratio of 2.30. It boasts a market capitalization of $934.05 billion, a P/E ratio of 25.58, and a beta of 1.06. Among its recent performance, the stock has a 52-week low of $125.78 and a high of $226.40, with a 50-day moving average at $204.74 and a 200-day moving average at $191.45.

Salesforce (CRM)

Salesforce, Inc. specializes in Customer Relationship Management (CRM) technology, which helps businesses connect with their customers worldwide. They provide services that allow companies to efficiently manage data, track sales leads, forecast opportunities, and offer detailed insights through analytics and artificial intelligence.

On Friday, Salesforce stock increased by $2.73, reaching $297.63. The trading volume for this stock was 10,860,281 shares, surpassing its average volume of 6,838,226. Salesforce boasts a market capitalization of $284.83 billion, with a P/E ratio of 48.95 and a beta of 1.31. Its stock has experienced a 12-month low at $212.00 and a high at $369.00. The company’s 50-day moving average price is $329.11, and its 200-day moving average price is $307.21.

Oracle (ORCL)

Oracle Corporation is known for providing products and services that cater to enterprise information technology environments globally. They offer various cloud software applications, including Oracle Fusion cloud ERP, supply chain and manufacturing management, and healthcare solutions.

Oracle's stock also saw an increase of $1.33 during trading hours on Friday, bringing it to $166.09. The trading volume for Oracle was 12,838,658 shares, slightly above its average of 11,756,456. The company's market capitalization is $464.55 billion, with a P/E ratio of 40.61, a price-to-earnings-growth ratio of 3.46, and a beta of 1.05. Oracle has a 12-month low of $110.36 and a high of $198.31, along with a 50-day moving average of $168.93 and a 200-day moving average of $168.36.

Investors are advised to closely monitor the performance of these stocks as they might offer valuable insight into the manufacturing sector's health.

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