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FTSE 100 shares: 3 shares to watch out for in March

There’s probably no worse time to release news than when the FTSE 100 is in panic mode. But that may be that some members are being forced when reporting to shareholders early next month. Today, we have selected 3 stocks from the top tiers to focus on in March.

Fresnillo

Silver and gold miners Fresnillo (LSE: FRES) It was one of the top performances of the FTSE 100 stock in 2020. Until 2021, it was a completely different story. Since the beginning of this year, the value of the exact same stock has fallen by almost 30%.

Perhaps the main reason for this price reversal is that the company has lowered its gold forecast for the year as a result of operational difficulties.Apart from this, the price of precious metals has also fallen sharply. Since hitting a record high in August last year.. Of course, Fresnillo isn’t the only company affected by the latter, but it helps to highlight how commodity prices can fluctuate and how risky it is to invest in this sector.

It will be interesting to see how shareholders react when miners announce their latest full-year financial results on March 2. Even if there’s nothing more to worry about from the company’s point of view, recent sales may cause more investors to consider removing profits from the table.

Legal & General

After the year of the roller coaster Legal & General (LSE: LGEN) Stocks have returned to pre-pandemic levels. Whether or not they stay there for a long time is completely different.

Of course, investing in an FTSE 100 insurance company does not guarantee a comfortable ride. The fate of legal affairs is closely linked to the health of the world economy. And at present, there is still no consensus on how bad the situation is after the coronavirus.

On the other hand, stocks can still be claimed to be cheap enough to mitigate this risk. Despite a strong recovery since the news of the successful coronavirus vaccine landed, LGEN’s stock still changes hands with just nine times the expected earnings.

There is also Income flow consider. At the time of writing, analysts said the company returned a dividend of 18.5 pence per share to its owners in FY2009. This is a yield of 7.1%. In addition, this chunky payment is likely to be well covered by profits, and the potential for reductions in the near future is far away.

LGEN will announce 2020 figures on March 10th.

Taylor Winpay

The last FTSE 100 stock worth seeing in March is a house builder Taylor Winpay (LSE: TW).. I don’t think the full-year results (announced on March 2) will be a big headline, but the next day we will see positive momentum. This assumes that Prime Minister Rishi Sunak will extend the stamp duty holidays as expected by the budget.

I still don’t know how long this boost will last. Many investors may still be waiting for better ideas on how the housing market will be shaped for the rest of 2021. So I’m not sure if Taylor Wimpey is out of the 100p to 200p trading range. Not yet for most of the last 6 years or so.

Meanwhile, the company is trading at 11 times the expected earnings for FY2009. It appears to be financially compatible with the net cash on the balance sheet.

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Paul summers There are no positions in any of the listed shares. Motley Fool UK recommends Fresnillo. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by considering different insights, Better investors than us.



FTSE 100 shares: 3 shares to watch out for in March

Source link FTSE 100 shares: 3 shares to watch out for in March

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