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The Most Promising Stocks For March 2021


Dora Wi

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March is typically a strong month for the stock market. The S&P 500 Index averaged a gain of 0.5% over the last two decades and the frequency of gains for the month stands at 55%. March is the last month of the quarter and quarter-end portfolio rebalancing tends to be a dominant driver of activity. Will the stocks jump after quarter results? We believe so and according to our AI forecast system, these shares will perform well in March and 2021.

Find out more details in the WalletInvestor.com Magazine

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1. Apple [AAPL]

Current price: $121.4
1 year forecast: +25.1%
5 years forecast: +124.53%

Sector: Computer and Technology
Industry: Computers

You are probably familiar with the company, but if not, Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software and online services. The company’s products and services include iPhone, iPad, Mac, iOS, etc. It is headquartered in Cupertino, California. Apple could be a great opportunity to buy at the current price. Its current price is $121.4 with a 52 week-low of $53.1, and a 52-week high of $145.09. The company hit their low of about $55 almost a year ago when the coronavirus pandemic began to shut down businesses. Since then it has gone significantly with a slight correction in September 2020, and February 2021. Apple has a market cap of $2.03 trillion. Their PE ratio is sitting at 33 and they have an EPS 3.69. They also pay a small dividend at 0.65% based on the current valuation. Apple is likely to have a strong March.

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2. Zendesk [ZEN]

Current price: $133.1
1 year forecast: +22.6%
5 years forecast: +131.5%

Sector: Computer and Technology
Industry: Internet Software

Zendesk is a customer service software company with support and sales products designed to improve customer relationships, with flagship products like Zendesk Chat. The products are all centered around this customer service experience and allow businesses to communicate with their costumers in new ways. The company is headquartered in San Francisco, California. Zendesk is trading at $133.08 with a 52-week low of $50.23 and a 52-week high of $166.60. We saw the lows of the stock back in March 2020, but since then we have seen almost a linear growth upward. Zendesk has a market cap of $15.6 billion. There is no PE ratio and they have an EPS of negative $1.89. The company’s five-year PEG ratio is 3.47 and they have a price-to-book ratio of 43. Zendesk is not yet profitable but it is a fast growing company, whose revenues have grown 20% to 30% each year for the last 5 years. Zendesk could worth a shot this month.

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3. Avalara [AVLR]

Current price: $146.1
1 year forecast: +73.74%
5 years forecast: +373.28%

Sector: Computer and Technology
Industry: Internet Software

Avalara, Inc. provides sales tax management solutions. The Company offers a web-based solution to manage sales tax processes by integrating accounting and business applications that span all platforms, as well as consulting, training courses, and technical support services. Avalara serves customers worldwide. It is trading at $146 with a 52-week low of $55.50 and a 52-week high of $185.37. A year ago they were trading in the 50s and since then this company has grown significantly. Avalara has a market cap of $12.48 billion. They do not yet have a PE ratio because they are not yet profitable. The company has a negative EPS of $0.61. Their price of sales ratio is 29.92 and they have a price to book ratio of 11.51. Currently the company has about $673 million in total cash and they have a good ratio of two 2.2. Tax compliance is extremely difficult for businesses. Avalara automates this tax compliance and the importance of these automated systems has become more and more clear. 

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4. Mastercard [MA]

Current price: $360.8
1 year forecast: +16.14%
5 years forecast: +84.63%

Sector: Business Services
Industry: Financial Transaction Services

Mastercard Incorporated provides financial transaction processing services. The Company offers payment processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. Mastercard serves customers worldwide and they currently have the second largest credit card payment network in the world. It is trading at $360.8 with a 52 week-low of $199.99 and a 52 week-high of $368.79. Their one-year price chart shows a huge drop at the beginning of the pandemic all the way to $200, and since then we have seen a steady increase in the price with a small correction, and then the recovery back into low to mid 300s. It has a market cap of $358.1 billion, a PE ratio of 56.55, and an EPS of $6.37. The company pay a dividend. In therm of profitability Mastercard is really shining. Their overall profit margin is 41.9%. They have a very good return on equity of 102.5%. Mastercard is sitting on $10.6 billion dollars of cash and they have a decent current ratio of 1.61. Mastercard is likely to perform well in March.

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5. KB Home [KBH]

Current price: $42.6
1 year forecast: +10.42%
5 years forecast: +44.46%

Sector: Construction
Industry: Building

KB Home builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North and South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title, and insurance services. It is trading at $42.63 with a 52-week low of $9.82 and a 52-week high of $45.59. KB Home also saw a huge decline at the start of the pandemic but ever since then we have seen relatively stable growth back to where it is right now. The company has a market cap of $4.2 billion, a PE ratio of 13.28, and an EPS of $3.13. The company pays dividend. The company’s profit margin is 7.08%, and they also have a pretty good return on equity of 11.73%. The current price of sales ratio is 1.01 and the price to book ratio is 1.47. These two numbers are quite low, which means that it could be undervalued. 

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+1 Zynga [ZNGA]

Current price: $10.3
1 year forecast: +23.31%
5 years forecast: +135.41%

Sector: Consumer Discretionary
Industry: Gaming

Zynga Inc. is the world’s largest social game developer with users playing their games which include CityVille, FarmVille, Mafia Wars, etc. Their games are available on several platforms, including iOS and Android. It was founded in 2007. It is trading at $10.35 with a 52-week low of $5.65 and a 52-week high of $12.32. The prices dropped at the start of the pandemic, but since then they have risen with a minor correction back in November. Zynga has a market cap of $11.1 billion and a negative EPS of $0.42. The company does not pay out a dividend. They have a price of sales ratio of 5.65, and a price-to-book ratio of 3.77. Zynga is not yet profitable and they currently have a profit margin of -21.74%. Their return on equity is also negative at -17.47%. They are sitting on about $1.57 billion of cash and they have a pretty good current ratio of 1.4. Zynga is a little bit different than the other stocks due to its negative numbers, but they have a huge potential to grow in the next few weeks, thanks to the rising gaming industry.

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Disclaimer:

This article cannot be considered financial advice. We do NOT provide financial advice. We are constantly developing our algorithm, but we cannot be held responsible for the accuracy of the data. Before you decide to rely on any information provided by us, we would like to inform you, that the cryptocurrency, stock, commodity, fund, and forex rates are influenced by many things, therefore, information herein should not be used to make financial decisions, as we cannot guarantee any profit and we cannot accept any liability for any losses or damages you may incur. Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and the risks. You alone are responsible for your actions in any trading or investing activities.

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