Top Stocks and Crypto for March 2022
Last month, we all witnessed the global stock and crypto markets fluctuations induced by the Russian-Ukrainian conflict. Though the tough situation makes investors and traders sit at the edge of their seats, there are some stocks and crypto that are worth keeping an eye out for. In this article, we’ll share the list of the best assets to add to your portfolio in March.
Energy Stocks
With the increasing sanctions on Moscow come disruptions in the energy markets. Given that Russia is the second-largest gas and oil producer in the world, it will become a hurdle to substitute Russia’s supply in the short term. That’s why energy stocks are the hottest trades now.
The best energy stocks with strong potential this spring are SM Energy Company (SM), Kinder Morgan Inc. (KMI), and Enphase Energy Inc. (ENPH). These companies’ performance in 2021 demonstrates sustainable returns and a positive outlook for 2022, which makes them pretty good candidates for your portfolio watchlist.
Tech Stocks
Positivity in the tech market has been awash in recent weeks, with chip shortages and rising inflation rates hitting an all-time high of more than 40 years. Frankly, it’s been quite a rough start of the year for the whole market, and investors are now seeking opportunities that can grow even as the economic situation deteriorates. Without being too optimistic about the spring ahead, there are several tech stocks that promise a good return and might be just the recovery we needed.
Apple Inc. (AAPL)
Even if you are not an Apple fan, it’s worth monitoring the company’s stock movements in the weeks to come, as the company doesn’t lose its relevance in our ever-changing economic fabric and still generates billions in sales from the iPhone. Not to mention the company’s record revenue associated with subscription-based services including Apple TV+, iCloud-related services, Apple Pay, and many other things.
Nvidia (NVDA)
Nvidia has multiple sectors, but the gaming division is the one driving its growth. The company makes the most powerful and desirable GPUs in the gaming industry. Its gaming segment sales were up 37% year over year, according to Nvidia’s latest earnings report, which makes the stock one of the most promising in the market today.
The company’s growth was also stimulated by the data center boom. The company’s products are in high demand among such companies as Meta platforms, Microsoft, and Alphabet.
Video Game Stocks
With Metaverse having become a buzzword recently and the craze among leading companies seeking to take the best spot in the upcoming augmented reality era, video game stocks are the ones drawing bigger attention and enticing investors with substantial future rewards.
Activision Blizzard Inc. (ATVI)
The company has been undergoing scrutiny by the US government lately because of employees’ allegations about the company’s toxic culture. As a result, Activision Blizzard agreed in a consent decree to create an $18 million fund for employee compensation. However, despite the controversy, the company is still in the limelight with Microsoft planning to acquire Activision Blizzard for $95 per share, valuing the company at $68.7 billion.
Enthusiast Gaming Holdings Inc. (EGLX)
A Canada-based video game and eSports company has already shown great results at the start of the year. Though the stock value has declined in the second half of February, its current upward trend promises a speedy rebound and good returns in March.
iGaming Stocks
Although the sector has been going through a rough patch in 2021, the outlook for this market is still compelling with one particular company standing out.
DraftKings (DKNG)
Despite the unlucky year for the company and the stock decline nearing 70% in several months, the company continues to expand operations and grow its earnings results. Draftkings executive management team is hoping to see a 96% revenue growth for 2022, up 6% from 2020 — the year when the company reached its peak in revenue. Even as investors and financial analysts are having second thoughts about how the company will outshine 2020 and deal with 2022, adding DraftKings to your portfolio in spring 2022 still might become a winning bet.
Best Crypto For March 2022
The rough economic and political situation has driven crypto into the red. But things are looking up in March with main cryptocurrencies bouncing back and the overall crypto market getting close to hitting $2 trillion again. Be it a college student or a business veteran, more and more people choose to invest in crypto and that could only have a positive impact on the market. So, let’s figure out what cryptocurrencies make the best choice in the immediate future to be able to jump on board before they skyrocket.
Bitcoin (BTC)
The king of cryptocurrencies is still ruling the market and is the first choice for any crypto investor who is seeking good gains. Given the price growth from $29K on Jan 1 to $42K on March 9 (both in 2022), it comes as no surprise that Bitcoin is a-must owned crypto according to numerous crypto analysts.
Ethereum (ETH)
ETH is the second-largest cryptocurrency by market capitalization (over $361B). Its tremendous growth from $11 in April 2016 to $3K in March 2022, as well as its current upward trend, makes it worth adding to your portfolio this spring.
Litecoin (LTC)
Those who are looking for high returns should consider picking LTC for their portfolios. According to crypto analysts, Litecoin has a greater reward-to-risk ratio as it has to go a lot further to catch up with the rest of the cryptocurrencies.
Terra (LUNA)
Terra is a blockchain payment platform for stablecoins that relies on balancing between two types of cryptocurrencies — TerraUSD, which is a stablecoin, and its counterweight LUNA, that powers the Terra platform and is used to mint more Terra stablecoins.
LUNA’s impressive growth from $0.64 in Jan 2021 to $100 in March 2022 leaves no investor indifferent to this crypto. As of March 9, Luna added 17% of its value in just 24 hours. Isn’t it the gain everyone is looking for?
Cardano (ADA)
Cardano is dubbed an “environmentally friendly” cryptocurrency as its transaction method reduces energy usage and environmental impact by removing the energy-intensive parts from the mining process. ADA’s had quite a modest increase since 2017, so it has more room for growth to catch up with the rest of the market.
Final Word
The global economic instability caused by political conflicts makes both markets fluctuate even more now. So one of the best recommendations is to pay more attention to market analysis and go through current financial news with a fine-tooth comb in order to timely remove stocks or crypto from your portfolio or add them before they start rocketing. Also, it’s always a good idea to test your insights risk-free before plunging into investing, and StockBattle, with its 15-minute contests and weekly tournaments, is just the right place to do that.
