Shares To Watch in March—And What to Watch For

Shares hit a tough patch in February because the AI rally’s momentum waned and Wall Road grew antsier about an more and more unsure financial outlook.

The S&P 500 fell 1.4% final month, giving again a giant chunk of its January good points, whereas the tech-heavy Nasdaq fell 4% to submit its worst month since April as traders bought off a few of final yr’s favourite AI shares.

Fourth-quarter earnings season will utterly wind down in March, leaving Wall Road with far much less to distract from this month’s financial information and the possible torrent of headlines out of Washington. Under, we have a look at shares traders ought to keep watch over this month.

Nvidia

Nvidia (NVDA) will host its annual GPU Know-how Convention (GTC), which analysts have dubbed the “Woodstock of AI,” between March 17 to 21, with CEO Jensen Huang set to ship a keynote tackle at 10 a.m. PT on March 18.

“We have now some actually thrilling issues to share with you guys at GTC,” CEO Jensen Huang stated on Nvidia’s earnings name on Wednesday. He promised updates on its new Blackwell Extremely chip, anticipated to roll out later this yr, and its next-generation Vera Rubin structure. 

Nvidia shares have been beneath strain all yr after a large run-up following ChatGPT’s November 2022 launch. The corporate misplaced almost $600 billion in market worth after Chinese language start-up DeepSeek launched an open-source AI mannequin that required far fewer Nvidia chips than comparable American fashions. 

Some on Wall Road argued the sell-off was a shopping for alternative, and that DeepSeek’s effectivity was more likely to profit Nvidia in the long term. Huang echoed these sentiments on Wednesday, telling analysts that DeepSeek’s R1 had “ignited world enthusiasm” and pushed innovation in reasoning fashions, which, Huang stated, “can require 100x extra compute per process in comparison with one-shot inferences.” 

Nvidia shares gained 4% in February however are down 7% up to now in 2025.

Tesla

Tesla (TSLA) shares fell 28% in February as traders grew more and more involved concerning the time CEO Elon Musk is spending culling the federal workforce. 

Musk has grow to be deeply concerned with President Donald Trump’s administration because the unofficial chief of the Division of Authorities Effectivity’s marketing campaign towards authorities spending. He has even held a press convention within the Oval Workplace and attended Trump’s first cupboard assembly, regardless of not being a Senate-confirmed cupboard member. 

Some traders have expressed fears that Musk’s authorities work will distract him from main Tesla at a crucial juncture for the EV maker. Musk has stated he’s aiming to roll out full self-driving software program and a Cybercab this yr, a lofty purpose that underpins Musk’s ambition to make Tesla a frontrunner in not simply electrical automobiles, however in AI and autonomous automobiles.   

In addition to probably distracting him, Musk’s DOGE work has risked tarnishing the Tesla model. European registrations, a proxy for gross sales, had been down 45% in January from the prior yr, a precipitous drop which may be linked to public blowback towards Musk’s controversial assist for far-right politics on either side of the Atlantic. 

Traders will probably be watching this month to see if pushback towards DOGE from Congressional Democrats, federal staff, and courts makes Musk much more consumed by his work in Washington.

Goal

Goal (TGT) is about to report earnings for the three months by means of January earlier than markets open on March 4. 

The report comes simply a few weeks after Walmart (WMT), Goal’s largest competitor, spooked Wall Road with a conservative full-year outlook. Walmart estimated internet gross sales progress and working earnings progress would gradual this yr. Its earnings forecast additionally fell wanting Wall Road’s estimates. 

Walmart’s report got here every week after information confirmed People considerably reined of their spending in January after a robust vacation purchasing season. That information, together with indicators of cussed inflation and uncertainty round President Trump’s ever-changing tariff plans, has helped cloud the financial outlook, placing market individuals on edge. 

Discretionary purchases make up the next share of gross sales at Goal than at Walmart or Costco (COST), which makes its gross sales barely extra delicate to shifts in shopper choice and sentiment. Its January outcomes and near-term outlook may make clear or add coloration to Walmart’s tepid forecast. 

Goal shares fell 9% final month, placing the inventory down 8.1% year-to-date. 

Momentum Shares

Traders confirmed indicators of souring on the AI commerce final month, dealing a giant blow to the market’s highest-flying shares. 

Palantir (PLTR), Applovin (APP), and Vistra (VST), three of the yr’s best-performing shares had been among the many worst performers within the second half of February. Palantir shares completed February 32% off their mid-month excessive. Applovin fell 38% from its all-time excessive within the final two weeks of the month. Vistra, regardless of topping earnings estimates late within the month, has misplaced a 3rd of its worth since hitting a report in late January. 

The shares, all of which greater than tripled in worth final yr, had at instances appeared unstoppable of their ascent. Applovin soared almost 50% in a single day final November when it handily topped earnings estimates. Palantir inventory jumped greater than 20% after every of its two most current earnings experiences. 

That modified final month as financial uncertainty and moderating progress at AI bellwether Nvidia bridled the optimism fueling the AI rally. Traders will probably be eyeing these and different momentum shares carefully for indicators of a backside or acceleration of final month’s hunch. 

Lennar

Homebuilder Lennar (LEN) is scheduled to report quarterly outcomes on March 12. Traders will probably be paying particular consideration to executives’ feedback on Trump’s protectionist commerce insurance policies.

Lennar would be the first main homebuilder to submit outcomes after Trump’s 25% tariffs on Canadian and Mexican imports, which as scheduled to go into impact on March 4. CoreLogic estimates Trump’s North American tariffs would elevate homebuilding prices by 4% to six% inside 12 months of being applied. Canadian lumber, Chinese language metal, Mexican and Canadian concrete, and home equipment are all imports that would value extra beneath Trump’s tariffs.

Executives are more likely to be requested about the potential prices of tariffs on Lennar’s earnings name. They might even be requested if Trump’s vow to hold out mass deportations has affected the supply of development staff, a disproportionate variety of whom are immigrants.

Lennar shares fell almost 9% final month as traders regarded forward to a different yr of elevated curiosity and mortgage charges.