Top Stocks To Buy In March

If the last few weeks have taught us anything, it taught us these two things: Stocks don’t only go up, and diversification is vital. If you thought the rotation out of tech stocks in November was terrible, you had another thing coming these last few weeks. With rising bond yields, coupled with a dovish fed, inflation could be just around the corner. Food and gas prices already seem to have caught the inflation bug, and Fed Chair Powell’s statements on Thursday did very little to ease fears. Tech investors have been running for the hills, with the Nasdaq giving up all of its 2021 gains and officially entering correction territory. Time will tell if this is a long-term thing. But either way, frothy tech names were in desperate need of a breather. To help you diversify your portfolio, our Artificial Intelligence (“AI”) algorithms at Q.ai have identified some standout stocks to consider for this month. Our AI systems have picked three Top Tech Stocks, three Top Consumer Stocks, three Top Quality Value Stocks, and three Top Growth Stocks.   

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Top Tech Stocks

Microsoft Corp (MSFT)

Microsoft is our first Top Tech Stock this month. Long a staple in the tech industry, the company is one the largest providers of computer software, consumer electronics, personal computers, and related services in the world. The tech giant has also continued to innovate, grow, and adapt to any changes in the marketplace. Microsoft is one of the many big companies that reported blowout earnings over the last month, and saw a 17% growth in revenue thanks to its surging cloud business. Our AI systems rated Microsoft C in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 2.7% to $227.56 on volume of 33,749,316 vs its 10-day price average of $234.68 and its 22-day price average of $238.8, and is up 4.77% for the year. Revenue grew by 7.18% in the last fiscal year and grew by 38.89% over the last three fiscal years, Operating Income grew by 13.59% in the last fiscal year and grew by 71.59% over the last three fiscal years, and EPS grew by 16.45% in the last fiscal year and grew by 214.9% over the last three fiscal years. Revenue was $143015.0M in the last fiscal year compared to $110360.0M three years ago, Operating Income was $52959.0M in the last fiscal year compared to $35058.0M three years ago, EPS was $5.76 in the last fiscal year compared to $2.13 three years ago, and ROE was 40.14% in the last year compared to 19.45% three years ago. Forward 12M Revenue is expected to grow by 5.53% over the next 12 months, and the stock is trading with a Forward 12M P/E of 30.18.

Nvidia Corp (NVDA)

Nvidia is our next Top Tech Stock this month. Nvidia has been one of the hottest and most beloved tech names over the last several years, and last year was no exception. 2021 could be an even bigger year for Nvidia due to its GPU drivers. Despite the stock falling after its latest blowout earnings report, its price target was recently raised to $700 by Susquehanna. Our AI systems rated Nvidia C in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.49% to $512.19 on volume of 9,381,966 vs its 10-day price average of $559.31 and its 22-day price average of $566.04, and is down 2.35% for the year. Revenue was $16675.0M in the last fiscal year compared to $11716.0M three years ago, Operating Income was $4721.0M in the last fiscal year compared to $3804.0M three years ago, EPS was $6.9 in the last fiscal year compared to $6.63 three years ago, and ROE was 29.78% in the last year compared to 49.26% three years ago. The stock is also trading with a Forward 12M P/E of 38.49.

Netflix (NFLX)

Netflix is our final Top Tech Stock. The streaming media giant was a major winner last year, and could have a strong year full of fresh content. However, despite claiming that it will provide weekly original movies in 2021, Netflix lost nearly 1 billion hours worth of content after many of its licensing contracts expired. The stock recently reported stronger than expected earnings and shocked investors with its subscriber growth. Our AI systems rated Netflix B in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.95% to $520.7 on volume of 5,337,234 vs its 10-day price average of $542.65 and its 22-day price average of $547.7, and is down 0.41% for the year. Revenue was $24996.06M in the last fiscal year compared to $15794.34M three years ago, Operating Income was $4585.29M in the last fiscal year compared to $1605.23M three years ago, EPS was $6.08 in the last fiscal year compared to $2.68 three years ago, and ROE was 29.62% in the last year compared to 27.46% three years ago. The stock is also trading with a Forward 12M P/E of 52.49.

Top Consumer Stocks

Nike Inc (NKE)

Apparel giant Nike is our first Top Consumer Stock this month. Nike remains the world’s largest supplier of athletic shoes and apparel, and is the world’s most valuable brand among sports businesses. Our AI systems rated Nike D in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 2.01% to $134.26 on volume of 4,886,755 vs its 10-day price average of $137.31 and its 22-day price average of $139.47, and is down 3.97% for the year. Revenue grew by 2.28% over the last three fiscal years and grew by 5.1% over the last three fiscal years, while Operating Income grew by 24.33% in the last fiscal year, and EPS grew by 10.85% in the last fiscal year and grew by 51.59% over the last three fiscal years. Revenue was $37403.0M in the last fiscal year compared to $36397.0M three years ago, Operating Income was $3115.0M in the last fiscal year compared to $4445.0M three years ago, EPS was $1.6 in the last fiscal year compared to $1.17 three years ago, and ROE was 29.7% in the last year compared to 17.4% three years ago. Forward 12M Revenue is expected to grow by 6.6% over the next 12 months, and the stock is trading with a Forward 12M P/E of 38.74.

General Motors Co (GM)

General Motors Co is our next Top Consumer Stock for the month. General Motors is one of the largest automakers in the world, and is best known for its four core automobile brands- Chevrolet, Buick, GMC, and Cadillac. It’s been in the news a lot lately for going all-in the electric vehicle boom. Our AI systems rated General Motors B in Technicals, B in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 2.66% to $52.67 on volume of 19,632,790 vs its 10-day price average of $52.2 and its 22-day price average of $53.19, and is up 30.02% for the year. Revenue was $122485.0M in the last fiscal year compared to $147049.0M three years ago, Operating Income was $8559.0M in the last fiscal year compared to $6293.0M three years ago, EPS was $4.33 in the last fiscal year compared to $5.53 three years ago, and ROE was 13.22% in the last year compared to 20.45% three years ago. The stock is also trading with a Forward 12M P/E of 10.11.

Dollar Tree Inc (DLTR)

Dollar Tree is our final Top Consumer Stock for the month. Dollar Tree is a discount variety retailer that sells items for $1 or less. The company also operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Our AI systems rated Dollar Tree D in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.96% to $101.88 on volume of 5,138,003 vs its 10-day price average of $102.18 and its 22-day price average of $104.73, and is down 4.73% for the year. Revenue was $25509.3M in the last fiscal year compared to $22823.3M three years ago, Operating Income was $2167.0M in the last fiscal year compared to $1843.0M three years ago, EPS was $5.65 in the last fiscal year compared to $(6.69) three years ago, and ROE was 19.82% in the last year compared to (24.81%) three years ago. The stock is also trading with a Forward 12M P/E of 16.58.

Top Quality Value Stocks

Constellation Brands (STZ)

Constellation Brands is our first Top Quality Value Stock this month. Constellation Brands is a producer and marketer of beer, wine, and spirits, and is the largest beer import company in the US. It also has the third-largest market share of all major beer suppliers. Our AI systems rated Constellation Brands B in Technicals, F in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.96% to $216.06 on volume of 704,369 vs its 10-day price average of $220.22 and its 22-day price average of $224.55, and is up 0.01% for the year. Revenue grew by 2.65% in the last fiscal year and grew by 12.99% over the last three fiscal years, Operating Income grew by 8.99% in the last fiscal year and grew by 18.91% over the last three fiscal years, and EPS grew by -16934.08% in the last fiscal year. Revenue was $8343.5M in the last fiscal year compared to $7580.3M three years ago, Operating Income was $2716.6M in the last fiscal year compared to $2490.0M three years ago, EPS was $(0.06) in the last fiscal year compared to $11.47 three years ago, and ROE was 0.17% in the last year compared to 31.13% three years ago. The stock is also trading with a Forward 12M P/E of 21.88.

Adobe Inc (ADBE)

Adobe Inc. is our next Top Quality Value Stock. Long an industry leader in creative multimedia and software products, Adobe has now diversified into cloud computing and digital marketing as well. Adobe appears to be at the forefront of tech, business, and innovation, and could have a bright future ahead. Our AI systems rated Adobe C in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 3.89% to $448.45 on volume of 2,782,967 vs its 10-day price average of $468.27 and its 22-day price average of $480.54, and is down 7.6% for the year. Revenue was $12868.0M in the last fiscal year compared to $9030.01M three years ago, Operating Income was $4237.0M in the last fiscal year compared to $2840.37M three years ago, EPS was $10.83 in the last fiscal year compared to $5.2 three years ago, and ROE was 44.21% in the last year compared to 29.08% three years ago. The stock is also trading with a Forward 12M P/E of 39.84.

Abbvie Inc (ABBV) 

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. Our AI systems rated the company D in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.06% to $106.71 on volume of 7,216,328 vs its 10-day price average of $107.11 and its 22-day price average of $106.19, and is up 2.41% for the year. Revenue was $45804.0M in the last fiscal year compared to $32753.0M three years ago, Operating Income was $15699.0M in the last fiscal year compared to $11923.0M three years ago, EPS was $2.72 in the last fiscal year compared to $3.66 three years ago, and ROE was 187.7% in the last year. The stock is also trading with a Forward 12M P/E of 8.6.

Top Growth Stocks

Tesla Inc (TSLA)

Elon Musk’s electric vehicle juggernaut Tesla is our first Top Growth Stock. Despite its recent downturn, Tesla remains the most valuable automobile maker in the world in terms of market cap. Its recently been in the news for its significant investment in bitcoin, and appears to be more than just a car company. Our AI systems rated Tesla C in Technicals, A in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.84% to $653.2 on volume of 29,748,385 vs its 10-day price average of $713.98 and its 22-day price average of $779.51, and is down 10.49% for the year. Revenue was $31536.0M in the last fiscal year compared to $21461.0M three years ago, Operating Income was $1951.0M in the last fiscal year compared to $(253.0)M three years ago, EPS was $0.64 in the last fiscal year compared to $(1.14) three years ago, and ROE was 5.42% in the last year compared to (17.8%) three years ago. The stock is also trading with a Forward 12M P/E of 157.66.

Micron Technology Inc (MU) 

Our second Top Growth Stock this month is Micron Technology. Micron produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. Our AI systems rated the company D in Technicals, A in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.17% to $89.11 on volume of 26,317,870 vs its 10-day price average of $90.11 and its 22-day price average of $86.48, and is up 20.34% for the year. Revenue grew by 2.93% in the last fiscal year, Operating Income grew by 11.37% in the last fiscal year, and EPS grew by 11.74% in the last fiscal year. Revenue was $21435.0M in the last fiscal year compared to $30391.0M three years ago, Operating Income was $3060.0M in the last fiscal year compared to $14926.0M three years ago, EPS was $2.37 in the last fiscal year compared to $11.51 three years ago, and ROE was 7.14% in the last year compared to 53.62% three years ago. Forward 12M Revenue is expected to grow by 8.99% over the next 12 months, and the stock is trading with a Forward 12M P/E of 14.84.

Penumbra Inc (PEN) 

Penumbra Inc is our final Top Growth Stock for the month. The company is a medical device company that manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysms. Our AI systems rated Penumbra A in Technicals, A in Growth, D in Low Volatility Momentum, and D in Quality Value. 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. Revenue was $560.41M in the last fiscal year compared to $444.94M three years ago, Operating Income was $(18.04)M in the last fiscal year compared to $29.98M three years ago, EPS was $(0.44) in the last fiscal year compared to $0.18 three years ago, and ROE was (3.43%) in the last year compared to 0.71% three years ago. 

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