Manufacturing Stocks to Watch - March 9th

Today, five manufacturing stocks that investors should pay attention to are Taiwan Semiconductor Manufacturing, Salesforce, ServiceNow, Exxon Mobil, and GE Vernova. These stocks were highlighted using a stock screener tool and represent companies involved in producing goods and industrial products by transforming raw materials into finished items. Various sectors such as automotive, aerospace, electronics, and machinery fall under manufacturing. The performance of these stocks often mirrors the broader economic and industrial landscape, and they have seen the highest dollar trading volume recently.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) operates globally, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices. With diverse wafer fabrication processes, it produces complementary metal-oxide-semiconductor (CMOS) logic and other types of semiconductors.

On Friday during mid-day trading, Taiwan Semiconductor's stock price rose by $0.73, reaching $176.58 with a trading volume of 20,993,833 shares, exceeding the average volume of 18,397,072. The company's fifty-day simple moving average is $202.05, while the two-hundred-day average is $191.76. TSM has a market capitalization of approximately $915.80 billion and a PE ratio of 25.08.

Salesforce (CRM)

Salesforce, Inc. (NYSE: CRM) provides Customer Relationship Management (CRM) technology that connects businesses with their customers globally. Their services enable data storage, lead monitoring, opportunity forecasting, and personalized customer support through analytics and artificial intelligence.

On Friday, Salesforce shares decreased by $3.32 to $282.74, with a trading volume of 8,245,079 shares. The company has a market cap of $270.58 billion and a PE ratio of 46.50.

ServiceNow (NOW)

ServiceNow, Inc. (NYSE: NOW) offers intelligent workflow automation solutions for digital businesses across the globe. Their platform promotes digital transformation through tools for artificial intelligence, machine learning, robotic process automation, and collaboration.

During trading on Friday, ServiceNow's stock fell by $16.56, reaching $850.54, with 2,527,596 shares traded. The company has a market cap of $175.21 billion and a price-to-earnings ratio of 124.53.

Exxon Mobil (XOM)

Exxon Mobil Corporation (NYSE: XOM) specializes in the exploration and production of crude oil and natural gas. The company has operational segments that include Upstream, Energy Products, Chemical Products, and Specialty Products.

On Friday, Exxon Mobil shares increased by $1.43, reaching $109.05, with a trading volume of nearly 19.6 million shares. Exxon Mobil has a market cap of $473.20 billion and a P/E ratio of 13.91.

GE Vernova (GEV)

GE Vernova LLC (NYSE: GEV) focuses on energy generation, offering services through its Power, Wind, and Electrification segments. They generate electricity from different sources and manufacture wind turbine blades while also providing grid solutions.

On Friday, GE Vernova's shares declined by $4.32 to $288.90, with a trading volume of 7,396,699 shares. The company's market cap is $79.71 billion with a PE ratio of 51.96.

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