⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

ProPicks rebalances in March: Here's what to buy and what to sell now

Published 03/04/2024, 01:30 AM
© Reuters
US500
-
DJI
-
BA
-
CAT
-
CSCO
-
FDX
-
GS
-
JPM
-
ODP
-
AMAT
-
CROX
-
ZION
-
PCAR
-
AMZN
-
BIIB
-
GEN
-
NVDA
-
DHI
-
TPR
-
LEN
-
WFC
-
XRX
-
MHO
-
HIG
-
KR
-
TDC
-
ANF
-
BMY
-
HUM
-
AXP
-
DFS
-
COF
-
USB
-
BK
-
UNH
-
PG
-
DVA
-
AVGO
-
IPGP
-
IXIC
-
ACLS
-
BLDR
-
CHTR
-
DXCM
-
EEFT
-
FIBK
-
HALO
-
HUBG
-
IART
-
IDCC
-
IDXX
-
IRDM
-
LSCC
-
MANH
-
NSIT
-
PLAB
-
POWL
-
PRFT
-
SKYW
-
WAFD
-
TMUS
-
EME
-
NVR
-
META
-
USM
-
CZR
-
SWKS
-
DKS
-
TRIP
-
LPX
-
SNPS
-
FANG
-
AMPH
-
FWONK
-
PYPL
-
PSTG
-
NTNX
-
FND
-
VST
-
FTDR
-
YETI
-
ZM
-
GO
-
ABNB
-
CPNG
-

Investing.com — And the bull market raged on in February, driven by another impressive earnings beat by NVIDIA (NASDAQ:NVDA) and dwindling PCE inflation - generally regarded as the Fed's preferred inflation measure. 

Against the positive backdrop, both the NASDAQ Composite and the S&P 500 posted their best February performance since 2015, jumping 6.12% and 5.10%, respectively. While lagging amid the risk-on environment, the Dow Jones Industrial Average also managed to notch a comfortable 2.25% gain in the period as the bull market gained a bit more breadth. 

These numbers mark the best start to a year for US indexes since 2019. 

Yet, despite the very high bar, our strategies managed to do even better. In fact, those following Tech Titans notched an unbelievable 20.8% in the month. Other highlights are Mid Cap Mover: 8.7% in February and Beat the S&P 500: 7.8%. 

Below is the current 10-year performance of our strategies and their outperformance against the S&P 500 after the incredible start to the year. 

  • Beat S&P 500: 1,076.5%; 816.3%
  • Dominate the Dow: 631.5%; 433.2%
  • Tech Titans: 1,745.9%; 1,485.7%
  • Top Value Stocks: 911.8%; 651.6%
  • Mid-Cap Movers: 676.2%; 416%
  • Best of Buffett: 358%; 143.4%

Now, with no further ado, let's get to the part that matters the most: What to buy and what to sell in March. 

Beat the S&P 500

Stocks to Buy:

  • Constellation Energy Corp (NASDAQ:CEG)
  • Humana Inc (NYSE:HUM)
  • Discover Financial Services (NYSE:DFS)
  • Wells Fargo & Company (NYSE:WFC)
  • Applied Materials (NASDAQ:AMAT)
  • Diamondback (NASDAQ:FANG)
  • Meta Platforms (NASDAQ:META)
  • Biogen Inc (NASDAQ:BIIB).
  • Capital One Financial Corporation (NYSE:COF)

Stocks to Sell: 

  • Broadcom (NASDAQ:AVGO)
  • The Bank of New York Mellon (NYSE:BK)
  • DexCom Inc (NASDAQ:DXCM)
  • U.S. Bancorp (NYSE:USB)
  • IDEXX Laboratories Inc (NASDAQ:IDXX)
  • The Goldman Sachs Group (NYSE:GS)
  • Lennar Corporation (NYSE:LEN)
  • Synopsys (NASDAQ:SNPS)
  • Airbnb (NASDAQ:ABNB)

Dominate the Dow

Stocks to Buy: 

  • UnitedHealth Group Incorporated (NYSE:UNH)
  • Amazon.com (NASDAQ:AMZN)
  • The Boeing Company (NYSE:BA)

Stocks to Sell: 

  • Goldman Sachs Group (NYSE:GS)
  • JPMorgan Chase & Co. (NYSE:JPM)
  • Caterpillar Inc (NYSE:CAT)

Tech Titans

Stocks to Buy:

  • Nutanix (NASDAQ:NTNX)
  • NVIDIA Corporation (NASDAQ:NVDA)
  • IPG Photonics (NASDAQ:IPGP)
  • Teradata Corporation (NYSE:TDC)
  • AppLovin Corporation (NASDAQ:APP)
  • Zoom Video Communications (NASDAQ:ZM)
  • Marathon Digital (NASDAQ:MARA
  • Pure Storage (NYSE:PSTG)

Stocks to Sell:

  • Lattice Semiconductor Corporation (NASDAQ:LSCC)
  • Photronics (NASDAQ:PLAB)
  • Xerox (NASDAQ:XRX)
  • Axcelis Technologies (NASDAQ:ACLS)
  • InterDigital (NASDAQ:IDCC)
  • Insight Enterprises (NASDAQ:NSIT)
  • Allegro Microsystems (NASDAQ:ALGM)
  • Manhattan Associates (NASDAQ:MANH)

Top Value Stocks

Stocks to Buy:

  • Charter Communications (NASDAQ:CHTR)
  • Tapestry (NYSE:TPR)
  • Humana Inc (NYSE:HUM)
  • PayPal (NASDAQ:PYPL) Holdings, Inc.
  • Discover Financial Services (NYSE:DFS)
  • Coupang LLC (NYSE:CPNG)
  • Vistra Energy Corp (NYSE:VST)
  • EMCOR Group Inc (NYSE:EME)
  • Royalty Pharma Plc (NASDAQ:RPRX)
  • UnitedHealth Group Incorporated (NYSE:UNH)
  • The Hartford Financial Services Group (NYSE:HIG)
  • American Express Company (NYSE:AXP)
  • DaVita (NYSE:DVA)

Stocks to Sell:

  • Caesars Entertainment (NASDAQ:CZR)
  • Lennar Corporation (NYSE:LEN)
  • Applied Materials Inc (NASDAQ:AMAT)
  • Skyworks Solutions (NASDAQ:SWKS)
  • Builders FirstSource (NYSE:BLDR)
  • FedEx Corporation (NYSE:FDX)
  • D.R. Horton Inc (BVMF:D1HI34)
  • NVR (NYSE:NVR)
  • Dick’s Sporting Goods (NYSE:DKS)
  • Gen Digital (NASDAQ:GEN)
  • Bristol-Myers Squibb Company (NYSE:BMY)
  • Cisco Systems (NASDAQ:CSCO)
  • PACCAR Inc (NASDAQ:PCAR)

Mic-Cap Movers

Stocks to Buy: 

  • Concentrix Corp (NASDAQ:CNXC)
  • Powell Industries (NASDAQ:POWL)
  • Tripadvisor Inc (NASDAQ:TRIP)
  • Caesars Entertainmen
  • SkyWest (NASDAQ:SKYW)
  • Integra LifeSciences Holdings (NASDAQ:IART)
  • United States Cellular (NYSE:USM)
  • IPG Photonics Corporation (NASDAQ:IPGP)
  • Perficient (NASDAQ:PRFT)
  • Frontdoor (NASDAQ:FTDR)
  • Amphastar Pharmaceuticals (NASDAQ:AMPH), Inc.
  • YETI Holdings Inc (NYSE:YETI)
  • Teradata Corp (NYSE:TDC)
  • Iridium Communications (NASDAQ:IRDM)

Stocks to Sell:

  • Crocs (NASDAQ:CROX)
  • Euronet Worldwide (NASDAQ:EEFT)
  • ODP Corp (NASDAQ:ODP)
  • First Interstate BancSystem (NASDAQ:FIBK)
  • Academy Sports Outdoors Inc (NASDAQ:ASO)
  • WaFd Inc (NASDAQ:WAFD)
  • Lattice Semiconductor Corporation
  • DigitalOcean Holdings Inc (NYSE:DOCN)
  • Hub Group (NASDAQ:HUBG)
  • Grocery Outlet Holding (NASDAQ:GO)
  • Abercrombie & Fitch (NYSE:ANF)
  • M/I Homes (NYSE:MHO)
  • Zions Bancorporation (NASDAQ:ZION)
  • Halozyme Therapeutics (NASDAQ:HALO

Best of Buffett

Stocks to Buy: 

  • American Express Company (NYSE:AXP)
  • DaVita HealthCare Partners (NYSE:DVA)
  • Amazon.com (NASDAQ:AMZN)
  • Liberty Media Formula One (NASDAQ:FWONK)
  • NVR (NYSE:NVR)
  • The Kroger (NYSE:KR)
  • Floor & Decor Holdings (NYSE:FND)
  • Louisiana-Pacific (NYSE:LPX)
  • T-Mobile US (NASDAQ:TMUS)

Stock to Sell:

  • The Procter & Gamble Company (NYSE:PG)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.