First, this week the company is set to report fourth-quarter and year-end results for 2020 on Tuesday. What may be a bit more pressing is what comes after that. The company presents at 3 upcoming industry events throughout the march 2021 stocks to watch month.

Recent events bode well for Nvidia’s stock momentum

And we saw how retailers fared and responded to this new environment. According to the IBD Stock Checkup, Apple stock shows a 67 out of a best-possible 99 IBD Composite Rating. The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths. The Dow Jones Industrial Average slid from record highs at the end of February, as the current stock market pullback continues. The best Dow Jones stocks to buy and watch in March 2021 are Apple (AAPL), Disney (DIS), Microsoft (MSFT) and Visa (V). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice.

Micron Technology Inc (MU)

The stock closed down 4.89% to $269.29 on volume of 363,231 vs its 10-day price average of $282.04 and its 22-day price average of $272.71, and is up 53.35% for the year. In the most recent quarter, Starbucks management reiterated its fiscal year 2021 guidance which includes 2,250 new store openings and global comparable sales growth of 18% to 23%. This should help to reassure investors who are concerned about the company’s recovery in 2021.

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  • The retailer benefited as shoppers opted for contactless experiences.
  • Our AI systems rated Penumbra A in Technicals, A in Growth, D in Low Volatility Momentum, and D in Quality Value.
  • Zoom was the poster child for stocks that exploded in value because of working and learning from home during the pandemic.
  • With plans to advance the program through strategic partnerships with leading research organizations, Sio could be a name to watch as 2021 roles on.
  • As I said above, it’s important to note these dates, but it doesn’t mean the details will also be bullish for the stock.

The stock is also trading with a Forward 12M P/E of 16.58. Abbvie Inc is our final Top Quality Value Stock for this month. Abbvie is a spin-off of Abbott Laboratories,  is a biopharmaceutical research company.

Nike

Online shopping won’t go anywhere when the pandemic ends and neither will those new Shopify sellers, many of whom are now selling to shoppers globally. Shopify turned out to be the ideal solution for small businesses that suddenly had to shut down, then faced months of restricted operations. The company provides an affordable and easy-to-implement turnkey solution for getting a business online. Companies throughout the AI landscape continue to show strong momentum and set high expectations for the future. For instance, Taiwan Semiconductor Manufacturing recently reported a strong quarter, including an increase in its full-year growth outlook. Those two features have kept TJX’s annual sales and profit growing for most of the past 30 years.

The 3-nanometer optical chip is capable of transmitting digital data at up to 1.6 terabytes per second. Its sixth-generation PCIe switches, meanwhile, make it easy to achieve the interoperability of different kinds of hardware and software that most data centers require. Yes, it primarily serves the Chinese market, but no, it’s not the market’s biggest name. That honor belongs to BYD, followed distantly by the likes of Wuling, Tesla, Li Auto, and Geely Automobile, just to name a few. Then there’s Nio, which delivered a mere 24,925 cars last month, mostly within China. That’s 60% of the planet’s entire EV sales for the month in question, and about half of China’s total automobile sales.

AstraZeneca NewsMORE

While the pandemic boosted adoption of digital signatures, look for the convenience to keep adoption up and growing. During the pandemic, Lightspeed’s revenue surged on the back of significant growth in e-commerce transactions. But the company benefits when stores are open, and one retailer deploys the platform across multiple stores. In the December quarter, strength in the retail sector offset weakness in the hospitality sector. The company will see a surge in the hospitality sector in 2021, which will drive its stock price. Shopify stock has declined 12% in the last two weeks after rallying 33% ahead of its earnings.

march 2021 stocks to watch

In fact, for perspective, MNTN Research predicts CTV’s ordinary ad revenue will grow to the tune of 10% this year, while cable’s is expected to fall by 11%. The artificial intelligence hardware business that Broadcom is an integral part of, by the way, is expected to expand at an average annual pace of 26.6% through 2034, according to an outlook from Precedence Research. These three companies are all in the right place at the right time with the right product. The company has a partnership with Viralgen, an AskBio subsidiary, to support AAV-based vector manufacturing of clinical trial material for the registrational study. With plans to advance the program through strategic partnerships with leading research organizations, Sio could be a name to watch as 2021 roles on. You might remember Sio Gene Therapies Inc. by a different name as it is the new company name of Axovant Gene Therapies (f/k/a AXGT).

  • All of this goodness has pushed Etsy’s stock to a well-deserved all-time high.
  • Obviously, for a biotech company, your Chief Medical Officer is a big piece of the business.
  • Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.
  • However, the data center segment, which designs AI chips, has become the company’s largest segment and is often the fastest-growing part of the company.

However, great companies usually trade at a premium, and Etsy’s results prove that it is a great company. First, the opportunity is more than just an e-commerce play. The company’s in the midst of a turnaround that began in 2019 when new management took over. The turnaround initiatives, which also include opening new distribution centers and upgrading its tech infrastructure, are delivering results. Gross margin has increased for six quarters in a row now, allowing the company to reinvest a greater percentage of revenue back in the business, and e-commerce sales jumped 105% in the third quarter. While its 116 P/E ratio may appear high, anticipated profit improvements have brought the forward P/E ratio looking at estimates down to 40, a relatively low level for a fast-growing tech stock.

Zoom was the poster child for stocks that exploded in value because of working and learning from home during the pandemic. Now is a good time to get onboard with SNE, and it’s all about the PlayStation 5. The company sold 4.5 million units of its next-gen game console last year, but it only went on sale in November and supplies were constrained. Gaming is the engine that drives Sony’s profit these days, and 2021 is going to be a year where the company will be able sell every PS5 it can make.

They believe these five stocks are the five best companies for investors to buy now… MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Take its Sian3 DSP PHY (digital signal processor physical layer) as an example.