Promising Manufacturing Stocks To Watch Now – November 9th

Taiwan Semiconductor Manufacturing, Applied Materials, Fabrinet, Flex, and Phillips 66 are the five Manufacturing stocks to watch today, according to MarketBeat’s stock screener tool. Manufacturing stocks are shares of companies that make or assemble physical goods, such as machinery, vehicles, electronics, or consumer products. Investors may use them to gain exposure to industrial production and demand for goods, though these stocks can be sensitive to economic cycles, input costs, and supply-chain disruptions. 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.

Taiwan Semiconductor Manufacturing stock traded up $13.83 during midday trading on Monday, reaching $389.27. The stock had a trading volume of 8,090,104 shares, compared to its average volume of 13,196,385. The stock’s 50-day simple moving average is $431.68 and its 200 day simple moving average is $400.77. Taiwan Semiconductor Manufacturing has a twelve month low of $266.82 and a twelve month high of $487.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The stock has a market capitalization of $2.02 trillion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44.

Applied Materials (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

Shares of NASDAQ:AMAT traded up $37.24 during trading on Monday, reaching $369.95. 4,245,448 shares of the stock were exchanged, compared to its average volume of 7,902,163. The firm has a market cap of $293.59 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 0.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. Applied Materials has a 12-month low of $203.40 and a 12-month high of $739.67. The firm’s 50-day moving average price is $444.84 and its 200 day moving average price is $444.66.

Fabrinet (FN)

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.

Shares of NYSE:FN traded up $36.08 during trading on Monday, reaching $363.21. The company had a trading volume of 728,749 shares, compared to its average volume of 883,097. Fabrinet has a twelve month low of $286.07 and a twelve month high of $748.89. The firm’s fifty day moving average is $394.16 and its 200 day moving average is $518.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 2.04. The firm has a market capitalization of $12.97 billion, a PE ratio of 27.37 and a beta of 1.35.

Flex (FLEX)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

FLEX traded up $8.54 during trading on Monday, hitting $78.32. The stock had a trading volume of 2,930,238 shares, compared to its average volume of 4,925,013. Flex has a 12 month low of $53.07 and a 12 month high of $166.86. The firm has a market cap of $28.94 billion, a PE ratio of 28.16, a P/E/G ratio of 0.32 and a beta of 1.80. The company has a 50 day simple moving average of $102.35 and a 200-day simple moving average of $103.15. The company has a current ratio of 1.34, a quick ratio of 0.85 and a debt-to-equity ratio of 0.90.

Phillips 66 (PSX)

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Shares of PSX traded up $7.24 during trading hours on Monday, hitting $252.96. The stock had a trading volume of 890,621 shares, compared to its average volume of 2,856,824. The stock has a market capitalization of $98.67 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.34 and a quick ratio of 1.04. The company’s fifty day moving average is $268.05 and its two-hundred day moving average is $201.52. Phillips 66 has a 52 week low of $127.16 and a 52 week high of $299.39.