Five Stocks to Watch in March

A tenable recovery in the United States economy has made the first quarter of 2013 beneficial to many investors in the stock market. The Dow Jones Industrial Average made an all-time high of 14,221 Tuesday morning, beating the previous high made on October 9th, 2007.

The Dow is up almost eight percent so far this year, with other indexes such as the broader based S&P 500 also close to its record high of 1,565.

March promises to be an interesting month for stocks, below are five stocks which have recently been in the news and could have significant moves in either direction:

Dell Inc. (DELL: Analysis) - In February, Michael Dell along with investment firm Silver Lake and other investors offered to buy out the struggling PC maker for $13.65 per share in a leveraged buyout deal worth approximately $24.4 billion. Nevertheless, late Tuesday Southeastern Asset Management - Dell's largest independent stockholder - demanded in a letter that Dell provide a list of the company's other stockholders to possibly block the deal. Southern Asset Management believes the company may be worth as much as $24 per share.

Eldorado Gold Corp. (EGO: Analysis) - Vancouver based international gold mining company El Dorado Gold Corp. reported better than expected profits at the end of February. The company's stock has been under pressure due to several factors including the recent slide in precious metals prices. One of El Dorado's mines in Greece has become the target of thousands of protesters at the company's Perama Hill project in Thrace. The protest follows a violent attack two weeks ago at another Eldorado mine site in Halkidiki.

Facebook Inc. (FB: Analysis) - Social media giant Facebook Inc. continues to be in the news. Most recently the company's news feed has come under attack for reportedly favoring paid posts, adding to concerns users have the social network manipulates the user's experience. The company also revealed in its latest 10K filing with the SEC that many of its one billion users are now spending more time on competing services such as Instagram,(now owned by Facebook) Snapchat and Tumblr.

Herbalife Ltd (HLF: Analysis) - After Carl Icahn announced he held a thirteen percent stake in the company last month, the billionaire announced last week he would place two of his people on the company's board of directors and plans to increase his stake to twenty five percent. In addition to Icahn, Daniel C. Loeb's Third Point hedge fund disclosed it had purchased 8.24 percent of the company's shares. On the other side of the fence is William Ackman of Pershing Square Capital Management. Last December, Ackman gave a presentation at an investor conference in which he claimed that Herbalife was nothing but a "pyramid scheme."

Verizon Communications (VZ: Analysis) - According to a Bloomberg report late Tuesday, Verizon is considering several options for its relationship with UK mobile phone operator, Vodafone Group PLC (VOD: Analysis). Verizon is weighing its options to end its wireless venture with Vodafone in addition to a merger the companies had discussed last December. No formal talks are currently being held either on the merger or on the sale of the substantial stakes both companies hold.

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Published on Mar 6, 2013
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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