Five Stocks to Watch in March

U.S. stocks continued their red hot streak in February, breaking records and ending the month in uncharted territory once more. With the recent decline in oil prices aiding in the economic recovery in the United States and all over the world, stock indices turned in their best performance in years. For the month, the Standard & Poors 500 Index gained +5.5 percent, its best showing since October of 2011, while the Nasdaq traded at levels not seen since 2000, gaining seven percent for the month overall.

Not to be outdone, the Dow Jones Industrial Average gained +5.6 percent in February. In testimony before the Senate Banking Committee, Fed Chair Janet Yellen spoke with confidence in the recovery and indicated a possible increase in interest rates later in the year. A rise in rates could negatively affect the stock market rally.

Intrexon Corp. (XON) – Blacksburg, Virginia based Intrexon Corp. is a biotech company focused on synthetic biology. The company designs, builds and regulates sequences of deoxyribonucleic acid which control the function of cells that could enhance the manufacturing process across a wide variety of industries including healthcare, energy, food and environmental sciences. Intrexon reported better than expected earnings for its latest quarter with a +335.4 percent increase in quarterly revenue and its stock has been upgraded by a number of analysts.

Goldman Sachs Group Inc. (GS) – New York, NY based Goldman Sachs Group Inc. was the leading merger advisor among investment bankers last year. The company recently announced that its investment banking co-chairman, Gordon E. Dyal would be leaving the company after 16 years at the firm. Thanks in part to Dyal, Goldman posted a record pretax profit of +$2.78 billion in 2014 in large part due to a 25 percent increase in advisory revenue. Goldman stock is near its yearly highs and could come under pressure as the U.S. Department of Justice conducts a probe on investment bankers.

Blackberry Ltd (BBRY) – Waterloo, Ontario, Canada based Blackberry Limited stock has gained significantly since trading as low as $7 per share last April. The company just announced the launch of its new smartphone. The 5-inch Blackberry Leap will not have the company's trademark Qwerty keyboard but will cost only $275. The low price will most certainly give the Apple iPhone and Samsung's Galaxy smartphones competition due to their $600 cost.

Apple Inc. (AAPL) Cupertino, California based Apple Inc. is getting significant attention after announcing its plans to produce an “iCar”. The company recently announced it was looking to begin production on an electric car as early as 2020, which has a number of automobile companies, including Tesla, concerned. Despite forming partnerships with Apple and Google, with plans to have a driverless car on the road in five years, automotive execs fear that Apple and Google may partner and directly compete with the automobile manufacturers.

Sonic Corp.(SONC)– Oklahoma City, Oklahoma based Sonic Corp. is a fast food chain with more than 3,000 restaurants in 43 United States. The company's stock just made a new all-time high after reporting that system wide same store sales had increased +11.5 percent in Sonic's second quarter ended February 28th. The stock is up +23 percent so far this year and +65 percent for the last 52 weeks. The stock has been gaining for 4 consecutive years and is now at $33.67.

Published on Mar 3, 2015
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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