All of this goodness has pushed Etsy’s stock to a well-deserved all-time high. With shares are trading around 100 times 2021 earnings estimates, investors have to pay up to buy the stock right now. However, great companies usually trade at a premium, and Etsy’s results prove that it is a great company. The company reported a 5% year-over-year increase in the number of ad impressions and a 10% year-over-year increase in the average price per ad. Investors and analysts will be closely watching these metrics. While its 116 P/E ratio may appear high, anticipated profit improvements have brought the forward P/E ratio looking at estimates down to 40, a relatively low level for a fast-growing tech stock.

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There are a lot of reasons to like online pet supply retailer Chewy. Reasons like the estimated 76.8 million dogs and 58.4 million cats the American Veterinary Medical Association says live in U.S. homes. Or the fact that the pet supplies industry has proven to be recession-proof, with pet owners keeping up the spending regardless of economic downturns. Or the $1.78 billion in Q3 revenue reported by the company in December — up 45% year-over-year. Carparts.com will report fourth-quarter earnings on March 8. Currently, Wall Street only sees the company’s revenue growing 12% this year, which looks like a lowball estimate.

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• A number of macro factors are supporting the company as well.
• If you look at Shopify’s pre-pandemic growth, it was pretty good.
• It was impressive to see Starbucks make new all-time highs during a volatile period in the market, and there are several reasons why investors should consider adding shares of the company in March.
• At the end of season 2, Gi-hun (Lee Jung-jae) is betrayed by Front Man (Lee Byung-hun), who had been posing as a player.

Our goal is to help every Canadian achieve financial freedom and make all levels of investors smarter, happier, and richer. Lightspeed POS stock enjoyed a brilliant 2020, rising from $12 to $90 in the pandemic-induced rally. The stock is seeing a correction as the company witnesses a seasonally weak quarter after a splendid 2020. But unlike Shopify, Lightspeed will benefit from the reopening of the economy.

Tech Stocks to Watch During Earnings Season

• According to the IBD Stock Checkup, Apple stock shows a 67 out of a best-possible 99 IBD Composite Rating.
• In addition, PayPal added cryptocurrency capabilities to Venmo in November.
• In its filings, a 13G showed a stake taken in the company by former SAC Capital CIO Aaron Cowen’s related funds.
• There are 30 Dow Jones stocks designed to serve as a bellwether for the general U.S. stock market.
• AMD’s situation looks significantly different than when the company released its Q1 results on May 6.

First, this week the company is set to report fourth-quarter and year-end results for 2020 on Tuesday. The company presents at 3 upcoming industry events throughout the month. These include the Cowen Health Care Conference this week, H.C. Wainwright’s Global Life Sciences Conference next week, and The Roth Conference during the week of the 15th. From breaking news about what is happening in the stock market today, to retirement planning for tomorrow, we look forward to joining you on your journey to financial independence. Watch out for both these tech stocks as they could probably bottom out in March and begin their next growth trajectory from April or May.

Roku

During the past year, General Motors (GM -0.02%) has been overshadowed by pure-play electric vehicle (EV) companies including Tesla, XPeng, and NIO. However, GM stock offers an attractive combination of value and growth potential, and it stands out as a safer investment choice for those looking to benefit from growth in the EV market. Zomedica is a long-standing name on our lists of penny stocks to watch. Shares have rallied from 6 cents in November to highs of $2.91 this year. The 4,750% move was fueled by speculation, shameless hype, and the potential to see the company before it commercially launched a new product.

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Roku is, of course, the maker of a popular piece of consumer technology that consumers use to access their subscription-based streaming services. Underscoring this argument is the 36% top-line growth analysts expect for this year preceding next year’s projected sales growth of 29%, both of which will help push the carmaker closer to profitability. The revenue growth pace, however, could persist for years, if not decades. Those two features have kept TJX’s annual sales and profit growing for most of the past 30 years.

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. The analyst expects Meta to report strong guidance with AI-driven improvements helping ad revenue along with increased monetization for Threads, WhatsApp and messaging. The analyst reiterated a Buy rating and $775 price target ahead of the report. Bank of America Securities analyst Justin Post highlighted Meta’s aggressive AI spending and investments on grabbing top AI talent from other companies as an item to watch in the company’s quarterly expenses.

Our second Top Growth Stock this month is Micron Technology. Micron produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. stocks to watch in march 2021 Our AI systems rated the company D in Technicals, A in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.17% to $89.11 on volume of 26,317,870 vs its 10-day price average of $90.11 and its 22-day price average of $86.48, and is up 20.34% for the year.

Airbnb is already a clear leader in the home-sharing market and once more people feel comfortable traveling again there’s no reason why bookings won’t spike for the company. Airbnb offers unique experiences and rentals that can’t be found anywhere else and you can bet that people who’ve been cooped at home for the past year are itching for both. Uber’s most valuable assets are its local networks of drivers and customers. Over the last couple of years, management took steps to exit markets where its network wasn’t big enough to provide a competitive advantage. As a result, Uber enters 2021 a more focused company with a stronger network advantage. They believe these five stocks are the five best companies for investors to buy now…

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. Another stock that looks primed for a strong March is Mastercard, a company that could have two catalysts working in its favor this month. First, you have news that the leading global payment provider plans to increase its swipe fees for some credit-card purchases in April. This is important because even a small rise in the interchange fees per transaction could potentially mean billions of dollars of revenue for the company.

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Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. Even companies that send everyone back to the office are keeping up paid Zoom subscriptions so that they can act quickly in the event of a pandemic repeat or a natural disaster. Expect SNE stock to be on the move in 2021 as manufacturing ramps up and those PlayStation 5 sales start to pile up.