Promising Automotive Stocks To Research – March 2nd

NVIDIA, Tesla, Taiwan Semiconductor Manufacturing, Costco Wholesale, Salesforce, Bank of America, and Micron Technology are the seven Automotive stocks to watch today, according to MarketBeat’s stock screener tool. Automotive stocks are shares in companies that are involved in the design, manufacturing, and distribution of vehicles and related automotive parts. These stocks typically include traditional car manufacturers, electric vehicle companies, and suppliers of auto components, and their performance can be influenced by factors such as economic conditions, technological innovation, and regulatory changes in emission standards. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NASDAQ:NVDA traded up $4.66 during mid-day trading on Friday, hitting $124.81. 387,840,609 shares of the stock were exchanged, compared to its average volume of 274,489,156. The stock has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm’s 50-day simple moving average is $134.19 and its 200 day simple moving average is $132.03. NVIDIA has a fifty-two week low of $75.61 and a fifty-two week high of $153.13.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

NASDAQ TSLA traded up $11.38 during midday trading on Friday, hitting $293.33. The company had a trading volume of 115,346,932 shares, compared to its average volume of 79,298,227. The company has a market capitalization of $943.49 billion, a PE ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $385.35 and a 200-day moving average price of $316.70. Tesla has a twelve month low of $138.80 and a twelve month high of $488.54.

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.

NYSE TSM traded down $1.00 during midday trading on Friday, hitting $180.10. The company had a trading volume of 27,895,144 shares, compared to its average volume of 17,601,268. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a market capitalization of $934.05 billion, a PE ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06. The firm has a 50-day moving average price of $204.74 and a 200-day moving average price of $191.59.

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Shares of Costco Wholesale stock traded up $26.90 during trading on Friday, reaching $1,048.61. 3,305,154 shares of the company’s stock were exchanged, compared to its average volume of 1,926,912. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a market cap of $465.48 billion, a P/E ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. The firm’s 50-day moving average price is $982.51 and its 200 day moving average price is $938.10.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

CRM stock traded up $2.73 during midday trading on Friday, reaching $297.63. 10,860,281 shares of the stock were exchanged, compared to its average volume of 6,838,226. The stock has a market capitalization of $284.83 billion, a PE ratio of 48.95, a P/E/G ratio of 2.58 and a beta of 1.31. Salesforce has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $329.11 and a 200 day moving average price of $307.58.

Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

BAC stock traded up $2.07 during midday trading on Friday, reaching $46.19. 62,603,810 shares of the stock were exchanged, compared to its average volume of 35,632,469. The company has a fifty day moving average price of $45.78 and a 200 day moving average price of $43.59. Bank of America has a 52 week low of $34.03 and a 52 week high of $48.08. The stock has a market capitalization of $354.37 billion, a PE ratio of 14.34, a P/E/G ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.78.

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Shares of NASDAQ MU traded up $1.81 during trading on Friday, reaching $93.63. The company had a trading volume of 23,342,106 shares, compared to its average volume of 22,560,625. The company’s fifty day moving average price is $95.75 and its 200-day moving average price is $98.88. Micron Technology has a 12 month low of $83.54 and a 12 month high of $157.54. The stock has a market cap of $104.32 billion, a P/E ratio of 26.98 and a beta of 1.18. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.