With the stock market being a highly liquid market in the finance industry, it comes as no surprise that each day, the market is riddled with change and fluctuating movements. There are millions of professional traders across the globe, executing several trades every 24 hours, making asset price changes a constant.
Thus, with so much movement on the stock market, it can be tricky to know exactly what stocks to trade in at each moment, because in the next, the market may have drastically changed.
You may be someone who is just learning how to start stock trading, or you may be a seasoned expert in the field. Regardless, being a professional trader, you’re more than likely aware of how crucial price movement prediction is. Knowing the most appropriate stocks to trade in can be pivotal to your chances of profit, and overall rate of trading success.
Fear not, because whilst the market may be everchanging, you can always identify promising stocks on the current market, and have a good chance of making a successful trade.
With that being said, here are the best stocks to trade in for March 2022.
- Occidental Petroleum Corp.
The first stock to trade in this month, is Occidental Petroleum Corporation (OXY), which is an American energy company, engaging in the exploration and production of natural gas and oil.
One of the main reasons, aside from its performance, that should encourage you to trade in this stock, is due to the large investment made by renowned investor Warren Buffet. Buffet is known for his successful financial history, and therefore has the potential to set an example when making his trades.
Earlier this month, Buffet accumulated roughly 136.4 million of common shares in OXY, and as of today (29th March 2022), owns around 14.6% of total outstanding shares, which amounts to roughly an $8.1 billion position.
This can be due to the fact that OXY shares are currently up 96%, year to date, and have been performing very well. This is largely a result of the ongoing conflict with Ukraine and Russia, which has halted Russia’s energy exports, and caused global gas prices to rise significantly – in the US, crude gas exceeded $130 per barrel.
Consequently, oil and gas have become more valuable, and thus, the value of OXY has dramatically risen.
With OXY performing well on the market, and Buffet seeming to have every confidence in it, this is certainly a stock to consider.
- BAE Systems defence stock
The next stock which you would benefit from trading in currently, is BAE Systems (BA), which is a British multinational defence company, and is the largest defence contractor in Europe, and seventh in the world.
Since tensions between Ukraine and Russia first brewed in February, defence stocks across the globe have seen major increases. Among them, one of the biggest increases comes from Europe’s biggest contractor, BA.
It’s natural that with Russia’s invasion of Ukraine, the surrounding countries of Europe are weary of any aggression spilling over, or the arising need to intervene, and have set to refine their defences.
As a result, BA has seen a stock value rise of 23% from February 18th, which has added approximately £4.2 billion to its overall value.
There seems to be conversations floating, alluding to peace talks with Russia and Ukraine. This could potentially start to produce a slow decline in the stock prices, so be vigilant with how this stock performs in the coming months.
However, as of now, the ongoing conflict has not eased any country’s fears, and the need for arms and defence remains a priority – and therefore, trading in BA should be one of yours.
- Axcelis Technologies
The last stock which would appear a promising investment in today’s market, is Axcelis Technologies (ACLS), which is an American technological company, specialising in the design and manufacturing for semiconductor industries.
When the pandemic first struck, countless businesses were closed and production on a global scale was halted. Among these disruptions was the impact on chip supplies, and the mass shortage of chips across Europe and Asia.
Coming out of the pandemic, there was a huge backlog of chips, which required top chipmakers to help eradicate. ACLS were an integral part of this process, and since September 2021, have largely increased their production and shipments across the European and Asian regions.
2021 became the company’s biggest year, with a 39% revenue increase, and a year-over-year growth of 97%. At present (29th March 2022), ACLS maintains its high, and sits at a year to date increase of 30%.
With the company appearing to hold onto its excellent performance, it doesn’t seem to show too many signs of slowing down, making it a prime choice for today’s stock investment choice.
With these top stocks to trade in for March 2022, you are more than able to start making promising investments, and seeing a greater rate of success in your trading journey.
