The 3 best stocks to buy in March


Keep an eye out for these 3 stocks in March

The early months of 2022 have certainly been eventful, and investors still have many questions to ponder as March approaches. How will the conflict between Russia and Ukraine affect the global economy and financial markets? Have stocks finally bottomed out after weeks of selling pressure? What kind of headlines can we expect from the Federal Reserve at the March FOMC meeting? After a truly tumultuous two months, investors are hoping for some clarity and stability for the sake of their portfolios, but only time will tell if that’s what March has in store.
While it’s true that there are many complicated factors that could impact the stock market in the future, it’s important to remember that volatility can present opportunities. There are still plenty of great companies to consider adding this month, whether or not we get answers to the questions mentioned above. That’s why we’ve put together the following list of the top 3 stocks to buy in March to help you stay focused amidst all the noise.
The Mosiac company (NYSE: MOS)
This chemical stock is exactly the type of company investors should be looking for given all the complexities in the market right now. The Mosaic Company is one of the world’s largest producers and marketers of concentrated phosphate and potash nutrients for the global agricultural industry. Fertilizer prices have already reached record highs, and the conflict in Ukraine and sanctions against Russia could lead to even higher prices in the future, which would likely work in this company’s favor. Mosaic has also been one of the strongest stocks in the market this year, as it has risen more than 26% since the start of the year.
Investors should be impressed that the stock is rallying even after slightly missing fourth-quarter EPS and earnings guidance last week, indicating that investors are very optimistic about the company’s outlook for the rest of the year. That said, the company’s annual revenue rose 42% year-over-year to $12.4 billion, signaling that it’s a business that is going full steam ahead. Additionally, the company recently entered into an accelerated share buyback agreement with Goldman Sachs to repurchase $400 million of Mosaic common stock, which is another bright spot to consider as we head into March.
Freeport McMoran Inc (NYSE: FCX)
Metals and mining stocks are currently displaying some of the most attractive charts in the market, and Freeport-McMoran is no exception. After months of consolidation, stocks could be on the verge of a breakout in March, especially if commodity prices continue to rise. Freeport McMoran is a major natural resources company with interests in copper, gold and molybdenum, which means it can be a good way to gain exposure to resources that are extremely important to the global economy.
Copper, in particular, looks poised for higher prices given the strength in global demand. Keep in mind that copper is an important component in the creation of many electronic products as well as new innovative technologies like electric vehicles. Additionally, the company recently announced fourth quarter revenue of $6.2 billion, up 37% year-over-year, and saw adjusted EBITDA increase 161% in 2021. to reach $10.4 billion. Finally, Freeport authorized a new share buyback program in November that should benefit long-term shareholders and also offers a dividend yield of 0.86%, making it a top pick in metals and mines.
Palo Alto Networks (NASDAQ: PANW)
Cybersecurity stocks could be a good place to look for buying opportunities in March given the possibility of a cyber war from Russia, and Palo Alto Networks could be the best name of the bunch. It is a pure-play cybersecurity vendor that sells security appliances, subscriptions, and support to customers around the world. from Palo Alto can enable its end customers to secure their networks, remote teams, public and private clouds, etc., which is becoming increasingly important in today’s increasingly digitized business world.
Palo Alto had a strong second quarter in which the company posted 30% year-over-year revenue growth to $1.3 billion. The company’s management team also raised its guidance for fiscal 2022, with Palo Alto now forecasting total revenue for the year of between $5.425 billion and $5.475 billion, which would represent growth of one year. year on year between 27% and 29%. While much of the tech sector looks dodgy to start the year, Palo Alto is a name that has held up well and could be on the verge of hitting new heights come March.

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