My 3 Biggest Stock Market Predictions for March
Ominous clouds hang over the stock market, and investors need to tread carefully. As we move into March, it's important to prepare for more volatility driven by the Federal Reserve and international conflicts. It's also important to keep your eyes peeled for opportunities to buy great stocks at a discount. Here are my three biggest predictions for March.
Earnings season is just about over, which is bad news for the stock market. So far, 95% of the S&P 500 companies have reported their results for the fourth quarter. More than three-quarters of them exceeded Wall Street's expectations for sales and profits. The S&P 500's average 30% earnings growth rate has been nearly 8% higher than analyst estimates.
Importantly, consumer discretionary and technology stocks were particularly strong. These sectors tend to be volatile during turbulent markets, so these positive results probably created a lot of stability.
Source Fool.com
