5 of the Best Stocks to Buy for March
NXP Semiconductors (ticker: NXPI)
The Progressive Corporation (PGR)
Shopify (SHOP)
International Business Machines Corp. (IBM)
Applied Materials (AMAT)
https://money.usnews.com/investing/stock-market-news/articles/best-stocks-to-buy?src=usn_invested_nlU.S. News: Invested
Fri 3/1/2019 5:35 AM
U.S. News & World Report
Invested.
5 of the Best Stocks to Buy for March
March 1, 2019
While markets didn't look so appetizing heading into 2019 – stocks had corrected sharply in previous months and some market-watchers were wary of recession – the cold months of winter have been red hot for Wall Street. In the first two months of the year the S&P 500 gained a remarkable 11 percent.
With a start like that to the New Year, here are the best stocks to buy for March:
1. NXP Semiconductors (ticker: NXPI). First on the list is an appropriately hot name for a hot market: NXP Semiconductors, the global chip powerhouse whose products are integral in areas like connected cars, radio frequency identification, and the so-called “internet of things”.
Named as one of the 10 best stocks to buy for 2019 after a failed merger left shares at unconscionably low levels, NXPI has lived up to its high expectations thus far this year; shares gained nearly 30 percent in the first two months of the year alone.
Never fear, though: NXP is still a cheap stock, trading at less than 14 times earnings and 10.5 times forward earnings.
2. The Progressive Corporation (PGR). While not exactly in the most exciting line of business, property and casualty insurance giant Progressive is nonetheless a great-looking stock to buy for March.
Like NXPI, PGR has short-term momentum on its side, with shares up roughly 20 percent through February. More importantly though, long-term investors should be pleased with Progressive’s fundamentals and its growth outlook: net premiums written (NPW) surged 18 percent in the fourth quarter, and analysts expect NPW growth around 11 percent this year.
Meanwhile, Progressive plans to hire 10,000 new employees this year to supercharge its growth, and a 3.5 percent dividend yield gives it some downside protection. – John Divine
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5 of the Best Dividend Stocks to Buy in March
10 of the Best Stocks to Buy for 2019
10 of the Best Dividend Stocks to Buy for 2019
Top Major Bank Stocks
OFG Bancorp OFG
$20.69
Price 91.23%
1 Year Return
City Holding Co CHCO
$80.14
Price 20.84%
1 Year Return
CBTX Inc CBTX
$33.31
Price 20.41%
1 Year Return
Bank of Montreal BMO
$77.94
Price 7.61%
1 Year Return
TCF Financial Corp TCF
$22.90
Price 5.00%
1 Year Return
First Bancshares Inc FBMS
$32.76
Price 4.37%
1 Year Return
Royal Bank of Canada RY
$78.18
Price 3.47%
1 Year Return
American National Bankshares Inc (Virginia) AMNB
$35.80
Price 2.92%
1 Year Return
Park National Corp PRK
$100.15
Price 2.88%
1 Year Return
The Toronto-Dominion Bank TD
$57.38
Price 1.77%
1 Year Return
Data as of March 1st, 2019
Today's Financial Roundup
Global stocks rise on hopes of tariff breakthrough. World markets were lifted by suggestions that the U.S. could endorse a trade deal with China in the coming weeks, after the country's nuclear talks with North Korea ended abruptly with no agreement. According to Bloomberg, U.S. officials are preparing a final trade deal ahead of a summit between President Donald Trump and Chinese leader Xi Jinping, which could take place as soon as mid-March. Wall Street was positioned for early gains.
The best fixed-income funds to buy. With the Federal Reserve seemingly at a pause in raising interest rates, some fixed-income market watchers are reassessing their views on investing in debt vehicles, writes Debbie Carlson for U.S. News. Here are eight of the best fixed-income investments to consider.
Tips for investing in a vacation home. As spring draws near, many "snowbird" investors, or people who have chosen to vacation in warmer destinations during the several months of the winter season, may be considering whether it's finally time to purchase the vacation property of their dreams. From calculating expenses to determining tax, insurance, and broader financial implications, it is critical to ensure a vacation home makes financial sense before diving head-first into a new oceanfront property, writes Masood Vajdani for U.S. News.
JCP closing more stores. J.C. Penney Co. (JCP) is closing more stores following weak holiday sales season for the retailer. The company did top expectations for the fourth quarter results and under new CEO Jill Soltau, the department store rid itself of unprofitable inventory and said it will have positive free cash flow this year. Shares jumped more than 22 percent Thursday.
Tesla makes cuts to reduce Model 3 price. Tesla (TSLA) will only sell its electric cars online as it accelerates its cost cutting so it can realize its long-running goal of selling a mass-market sedan for $35,000. The change announced Thursday will allow the Silicon Valley automaker to begin selling its Model 3 at price point that Tesla CEO Elon Musk has been striving to reach in order to appeal to more consumers and generate the sales the company needs to survive.
Gap to spin off Old Navy. Gap (GPS) said Thursday that it's creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the lesser known names Athleta, Intermix and Hill City.
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