Top Stocks for March 2020

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The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely regarded as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corp. (MSFT), Apple Inc. (AAPL), and Amazon.com Inc. (AMZN). The S&P 500 has posted a 12-month trailing total return of 15.5% These market performance numbers and the statistics in the tables below are as of February 26, 2020.

Below, we’ll look at the top stocks for March with regard to value, growth, and momentum.

Stocks with the Best Value

These are the stocks from the S&P 500 with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

Stocks with the Best Value
  Price ($) Market Cap ($B) 12-Month Trailing P/E
ViacomCBS Inc. (VIAC 25.36 15.6 3.3
NortonLifeLock Inc. (NLOK) 19.13 11.5 3.4
Vornado Realty Trust (VNO) 58.91 11.2 3.6
  • ViacomCBS Inc.: ViacomCBS is a multimedia company engaged in the operation of broadcasting, television production, and publishing businesses that serve audiences around the world. It was formed out of the December 4, 2019 merger of Viacom and CBS.
  • NortonLifeLock Inc.: NortonLifeLock, formerly known as Symantec Corp., offers cybersecurity products to defend against malware, viruses, adware, and ransomware. On Feb. 7, the company reported sequential customer growth for the first time in over two years. 
  • Vornado Realty Trust: Vornado Realty Trust is a real estate investment trust (REIT) that owns office, retail, merchandise mart properties, and other real estate and related investments.

Stocks with the Fastest Earnings Growth

These are the stocks from the S&P 500 with the fastest year-over-year (YOY) earnings per share (EPS) growth for the most recent quarter. Rising earnings show that a company’s business is growing and is generating more money that it can reinvest or return to shareholders.

Stocks with the Fastest Earnings Growth
  Price ($) Market Cap ($B) EPS Growth (%)
Gilead Sciences Inc. (GILD) 70.10 88.7 91,710
Newmont Corp. (NEM) 49.14 39.7 18,360
ServiceNow Inc. (NOW) 329.72 62.6 7,480
  • Gilead Sciences Inc.: Gilead Sciences makes drugs for the treatment of human immunodeficiency virus (HIV), liver disease, pulmonary arterial hypertension, chronic angina, invasive fungal infections, and other ailments.
  • Newmont Corp.: Newmont Mining is one of the world’s leading gold companies, and also is a producer of copper, silver, zinc and lead. The company owns properties in the United States, Australia, Peru, Ghana, and Suriname. 
  • ServiceNow Inc.: ServiceNow provides cloud computing services for human resources, customer service, security, and other business needs. The company recently announced the acquisition of Passage AI, an automated platform that can understand and translate text in all major languages. 

Stocks with the Most Momentum

These are the stocks from the S&P 500 that had the greatest total return over the past 12 months.

Stocks with the Most Momentum
  Price ($) Market Cap ($B) 12-Month Trailing Total Return (%)
Advanced Micro Devices Inc. (AMD) 47.57 55.6 92.5
Arconic Inc. (ARNC) 31.71 13.7 72.8
Leidos Holding Inc. (LDOS) 109.15 15.4 71.7
S&P 500 (SPY N/A N/A 15.5
  • Advanced Micro Devices Inc.: Advanced Micro Devices designs and manufactures semiconductors and related products that include microprocessors and graphics cards.
  • Arconic Inc.: Arconic manufactures and sells lightweight metals for use in aerospace, automotive, commercial transportation, packaging, building, construction, and industrial applications. The company will divide into two public entities on Apr. 1. The Engineering Products & Forging businesses will be renamed ‘Howmet Aerospace’ under the ticker “HWM,” and the Global Rolled Products division will be named ‘Arconic Corp.’, which will retain the “ARNC” ticker.
  • Leidos Holdings Inc.: Leidos Holdings develops and markets technology, systems, logistics, and data analysis for defense, intelligence, civil, and health care applications. The company reported an 11.6% year-over-year increase in revenues in a Feb. 18 earnings presentation.

Source: Investopedia

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