Mar10 2025 430pm
In the beginning of March we are still in a downturn, which could mean a good buying season in March/April. Here to break down five stocks he's looking to buy in March is Trading Post's analyst, Jason Wade
Today the S&P closed below the 200sma, a common technical level used by institutions. The threat of an escalating tariff war has investors being cautious. We've clearly had a sharp sell off since the beginning of February but it isnt all bearish. There's always a risk of it going deeper, but if President Trump was to come out and cease tariffs the market would rally. If the CPI print this week is bullish it could be a trigger for buyers also
I would expect to see the market trend sideways within this range if not bounce higher and potentially set a new all-time high by early to mid-spring.
The seasonality of the index's also usually hits a low around the end of february then rallies in late mar
1)NVDA Nvidia just had another great ER. Keeping inline with its previous ER's though its sold off just after it was released. It's likely from the unwinding of speculative positions.
This presents longerterm investors an entry point
Its hard to find an analyst that doesn't have something good to say about it. They're raising price targets leading to new all-time highs. A major growth kicker the analysts are talking about is the strength in the automotive segment. Its still small right now but analysts are predicting it could become their next billion-dollar business, supported by robotics, driver assist, and autonomous vehicles.
2)CRM -Salesforce just had a good ER also. Yet its stock price pulled back a little bit. That was because of the guidance. But the takeaway from the analyst chatter is that the company is being cautious—and prudently so—in the scaling of its new technologies.
It has really robust cash flow that's driving some significant capital returns.
The analysts are bullish. They did trim their price targets, but the range of targets is narrowing around the consensus, which is looking for a double-digit upside.
3)MMM-3m was a dividend king that's been dethroned. It had to cut its dividend to mitigate the impacts of some legal issues. Those legal issues are behind it now. Dividend increases are back on the table. Share repurchases are back on the table. Organic business is growing. The guidance is very robust. The stock is coming back very strongly.
Right now technically it looks very strong espeically in how its perfoemed agins the majority of the market
4)SOUN-SoundHound.got a really big boost last year as the AI wave was coming into play. The stock price pulled back, and then it pulled back even more sharply when Nvidia announced it had sold out of its stake.
So that's kind of a shock to investor sentiment. But if you look back and see that Nvidia made more than 100% gains in under a year, it's pretty easy to understand why they would sell.
That aside, the fundamentals are unchanged. The company is looking at a period of hypergrowth—growing at nearly 100% pace for the next few quarters, if not for the next two years.
Its currently consolidating around 8.50 Technically I'm watching 7.25 for a bounce if it breaks below this level.
5)SHOP-Shopify. It is the most upgraded stock from February. That’s because of outperformance and better-than-expected guidance.
Right now technically its still above the 200daily sma and is close to completeing a gap fill.An excellent opportunity for longer term investors.
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