Five Stocks to Watch in March

The month of February saw the U.S. stock market continue making new all-time highs, with the S&P 500 making new record closes both on Thursday and Friday. While the broader based Russell 2000 outpaced larger cap indexes, the benchmark Dow Jones Industrial Average lagged the rest of the market. So far this year, the DJIA is the only major index still in negative territory on a year to date basis.

March has already started with geopolitical tension in the Ukraine, which will undoubtedly affect major capital markets worldwide.

Tesla Motors Inc. (TSLA) - Reaching an all time high of $265 per share last week, Tesla Motors is the best performing automobile stock in recent memory. The stock is up more than +600 percent since its initial public offering in June of 2010. In addition to the two fully electric automobiles the company has built their reputation on, Tesla announced last week it was planning to invest $2 billion in a large factory to produce cheaper electric batteries for a mass market electric car it plans to introduce within the next three years.

J.C. Penney Company, Inc. (JCP) - After beating analyst expectations and posting its first quarterly profit since October of 2006, JCP stock, which traded under $5 per share briefly last month, traded as high as $7.65 last week. The company ended 2013 with $2 billion in total available liquidity and is already on track to profitability. J.C. Penney stock may have made an intermediate bottom and according to its CEO Mike Ullman, the company is past the most challenging part of its turnaround.

Jos. A. Banks Clothiers (JOSB) - The clothing retailer just rejected a sweetened $1.78 billion bid from The Men's Wearhouse MW. The company agreed in a separate deal last month to buy Eddie Bauer, which will create significant value for Jos. A. Banks shareholders. The latest news is that Jos. A. Banks will be discussing a potential merger with The Men's Wearhouse, whose $63.50 tender offer for shares expires on March 12th. Analysts expect the price of the deal could rise to $1.8 billion or $65 per Jos. A. Bank share if Jos. A. Bank passes on the Eddie Bauer purchase. Jos. A. Bank announced over the weekend it would allow Men's Wearhouse to conduct due diligence for a

Published on Mar 3, 2014
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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