Promising Large Cap Stocks To Watch Today – June 2nd

Tesla, NVIDIA, Invesco QQQ, Palantir Technologies, and Meta Platforms are the five Large Cap stocks to watch today, according to MarketBeat’s stock screener tool. Large-cap stocks are shares of publicly traded companies whose market capitalization typically exceeds $10 billion. These firms are usually well-established industry leaders with stable revenues, cash flows and often dividend payouts. Because of their size and market position, large-cap stocks tend to be less volatile and are commonly used as core holdings in diversified portfolios. These companies had the highest dollar trading volume of any Large Cap stocks within the last several days.

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.

Tesla stock traded down $5.43 during midday trading on Monday, hitting $341.03. The company’s stock had a trading volume of 66,595,532 shares, compared to its average volume of 98,033,567. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 167.11, a PEG ratio of 5.86 and a beta of 2.43. The company has a 50-day moving average price of $286.92 and a two-hundred day moving average price of $334.13. Tesla has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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.

NVDA stock traded up $2.75 during midday trading on Monday, reaching $137.88. The company had a trading volume of 136,945,636 shares, compared to its average volume of 283,913,472. The company has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a 50 day moving average price of $115.48 and a 200-day moving average price of $126.24. NVIDIA has a 1-year low of $86.62 and a 1-year high of $195.95.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Shares of Invesco QQQ stock traded up $3.86 on Monday, hitting $522.97. The stock had a trading volume of 34,868,725 shares, compared to its average volume of 37,667,220. The firm has a market capitalization of $327.72 billion, a P/E ratio of 30.62 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a 50 day moving average of $478.06 and a 200 day moving average of $500.97.

Palantir Technologies (PLTR)

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

Shares of Palantir Technologies stock traded down $0.07 on Monday, reaching $131.72. 78,375,110 shares of the company’s stock were exchanged, compared to its average volume of 78,902,313. The company has a market capitalization of $310.84 billion, a P/E ratio of 693.86, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies has a 52 week low of $21.01 and a 52 week high of $134.30. The firm’s 50-day moving average is $105.90 and its two-hundred day moving average is $90.28.

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Shares of META traded up $23.42 during trading hours on Monday, reaching $670.91. The stock had a trading volume of 10,086,462 shares, compared to its average volume of 14,466,514. The company has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.42 and a beta of 1.24. The firm has a 50-day simple moving average of $578.56 and a 200 day simple moving average of $611.28. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms has a 12 month low of $442.65 and a 12 month high of $740.91.