Stock Trading
Mar. 5, 202419 min read

Top Stocks to Watch in March 2024

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Written by Tim Bohen

My top stocks to watch in March 2024 have the kind of volatility that smart traders target. Every day, week, and month I survey the entire market, looking for stocks that are trending in one direction or another. Our job is to identify the stocks that have the potential to make moves and be ready to trade them if those opportunities come about.

7 Top Stocks To Watch

My top stock watchlist picks for March — based on pattern, price action, and catalyst — include the following:

Stock Ticker Company Performance (YTD)
NASDAQ: BMR Beamr Imaging Ltd + 289.44%
NASDAQ: SOUN SoundHound AI Inc + 190.14%
NASDAQ: NNOX Nano-X Imaging Ltd + 64.24%
NASDAQ: SMCI Super Micro Computer Inc + 281.98%
NYSE: PLTR Palantir Technologies Inc + 44.09%
NASDAQ: LUNR Intuitive Machines, Inc + 126.27%
NASDAQ: HOLO MicroCloud Hologram Inc + 124.58%

The stocks on this list are some of the craziest movers on the market …

Only trade these stocks if you have a solid plan and an understanding of the risks involved. I don’t trade until I see a setup I like.

Jump ahead to get to my trading plans for these top stocks!

Top 7 Stocks to Watch in March 2024

My top 7 stock picks for March are:

  • NASDAQ: BMR — Beamr Imaging Ltd — The NVIDIA Partnership AI Stock
  • NASDAQ: SOUN — SoundHound AI Inc — The Former Runner With NVIDIA News
  • NASDAQ: NNOX — Nano-X Imaging Ltd — Yet Another NVIDIA Catalyst AI Stock
  • NASDAQ: SMCI — Super Micro Computer Inc — The Mega-Cap Stock That’s Moving Like a Penny Stock
  • NYSE: PLTR — Palantir Technologies Inc — The AI Earnings Winner IRIS Swing Trade Idea
  • NASDAQ: LUNR — Intuitive Machines, Inc. — The Moon Landing Moonshot Stock
  • NASDAQ: HOLO — MicroCloud Hologram Inc — The Parabolic Short Squeeze That I’m Watching for a Dip and Rip

Remember — we’re traders, not investors. You need to keep that mentality in mind even if you’re a swing trader.

That means:

  • Always having a trading plan — and sticking to it.
  • If a stock drops below risk, you need to sell. Only losers hold onto losers.

There are some stocks on this watchlist that are day trade only. Holding onto these volatile small-cap stocks overnight can lead to some nasty surprises, like when a biotech penny stock does a new share offering to cash in on its gains.

These penny stocks aren’t directly impacted by the larger market …

But over the years I’ve noticed an indirect relationship that’s important to understand.

When major indices show strength, it leads to more plays in the penny stock niche.

We still only want to trade the best setups. Here they are … 

#1: Beamr Imaging Ltd (NASDAQ: BMR) — The NVIDIA Partnership AI Stock

My first stock pick is Beamr Imaging Ltd (NASDAQ: BMR).

On February 12, at 7 A.M. Eastern during premarket hours, it announced a partnership with NVIDIA Corporation (NASDAQ: NVDA). 

NVDA is arguably the most popular company in the world right now.

It’s surging to new heights as the tech sector scrambles for NVDA microchips. The massive tech stock is smashing company value records and even pushed past other +$1 trillion tech businesses like Meta Platforms Inc. (NASDAQ: META).

A hook up with a sector leader like NVDA is HUGE news for a penny stock.

The share price spiked 1,500% in less than 24 hours. And it reminds me of another intense spiker that started running only a few days earlier on February 7.

MicroCloud Hologram Inc. (NASDAQ: HOLO) managed to spike 2,600% in a similarly spectacular fashion. But when the price slid lower, it consolidated for a few days before breaking out and reaching $98 per share!

The stock was trading below $2 less than two weeks before … That’s a 6,400% move.

Currently, BMR is consolidating above a key level despite a February 14 offering of 400,000 shares.

Watch my video below for a complete trade breakdown:

It’s not a 100% guarantee that BMR will push to new highs. Nothing is when it comes to the stock market.

But in my 15 years of trading, one of the main things I’ve learned is that volatile stocks can follow popular patterns.

We’re not certain BMR will break out.

But if it does, there are patterns we can use to trade the price action.

#2: SoundHound AI Inc (NASDAQ: SOUN) — The Former Runner With NVIDIA News

My second stock pick is SoundHound AI Inc (NASDAQ: SOUN).

This is a HUGE former runner from 2023 when the AI boom began.

The company works in “conversational intelligence”. Its service helps business people communicate if there are language barriers.

The price spiked 410% in 2023.

Now, a lot of trashy penny stocks spike hundreds of percentage points. But then they come crashing down. That’s what SOUN’s chart looked like … 

It’s possible for the price to rally and push to new all-time highs. But it takes a big catalyst with a lot of trading volume to push through all the bagholders sitting at the highs.

On February 15 it was announced that NVIDIA Corporation (NASDAQ: NVDA) bought a stake in SOUN. Remember, NVDA is the star of the U.S. stock market this year.

Share prices spiked 90% since the news came out. And the stock shot toward 52-week highs.

Keep an eye on this former AI spiker that just woke up … 

#3: Nano-X Imaging Ltd (NASDAQ: NNOX) — Yet Another NVIDIA Catalyst AI Stock

My third stock pick is Nano-X Imaging Ltd (NASDAQ: NNOX).

SOUN wasn’t the only tech stock NVDA took an interest in.

Arm Holdings Plc (NASDAQ: ARM) was another name that got some love. But share prices were already trading above $50 in early February. That’s out of range for most small-account traders.

That’s why we focus on SOUN and NNOX.

NNOX share prices spiked 120% as a result of the NVDA-stake news.

52-week highs are at $22. The stock is still far away from that level.

But the price is consolidating under recent highs right now. And we could build a position around that breakout possibility.

The recent highs are $14. I’d wait for it to push back toward that level and then find some support to bounce off of.

If the price never pushes toward a breakout, that’s fine. If that’s the case, we move on to the next play.

Don’t get hung up on a stock that doesn’t follow your trade pattern.

That’s a recipe for disaster.

The market will always be here, and this is a marathon, not a sprint.

Focus on the bigger picture.

#4: Super Micro Computer Inc (NASDAQ: SMCI) — The Mega-Cap Stock That’s Moving Like a Penny Stock

My fourth stock pick is Super Micro Computer Inc (NASDAQ: SMCI).

We trade low-priced stocks because:

  • We can load up on shares.
  • The low price helps the stock spike higher from a percentage perspective.

Higher priced stocks aren’t known to surge like volatile penny stocks. But the AI sector is so hot in 2024, we’re seeing some INSANE moves from big stocks.

I used to trade large-cap stocks before I found Sykes’ strategy for big percent gainers. I still keep an eye on larger stocks because the momentum helps to influence small-cap plays. And right now I’m watching SMCI because it looks exactly like a penny stock.

In 2024, prices spiked 280% despite starting the year above $250 per share.

Look at this insane vertical move and pullback:

SMCI chart multi-month, 1-day candles Source: StocksToTrade

I know this runner is out of bounds for most small-account traders.

But … When large-cap stocks behave like volatile penny stocks, it’s possible to trade them for lower prices using options.

At the mention of “options” a lot of traders shy away.

It’s not as confusing as you might think.

An option is a contract that gives you the right to buy or sell shares of a stock.

Ben Sturgill is a successful options trader with verified profits and a tested strategy.

There are so many opportunities to profit in this market. Pick a strategy that sounds good to you and START STUDYING!

#5: Palantir Technologies Inc (NYSE: PLTR) — The AI Earnings Winner IRIS Swing Trade Idea

My fifth stock pick is Palantir Technologies Inc (NYSE: PLTR).

The company works in the tech-defense sector.

Since the emergence of AI, there’s been growing concern about the technology’s utilization by scammers, criminals, and enemies to disrupt and prey on the larger society.

Companies like PLTR have to increase the strength of their services to combat this growing risk. That’s what makes the niche so essential in this industry.

The company announced in November that it secured 80 new deals in the third quarter of 2023.  Each deal is valued at $1 million or more.

The price spiked up to $22. And that was the breakout level.

On February 5 an earnings report came out while the market was closed. The next day, prices gapped up 20% and continued the spike to an impressive 50% in the following days.

PLTR chart multi-month, 1-day candles Source: StocksToTrade

Our AI IRIS swing trade tool alerted us to a possible setup on PLTR.

In the AI stock sector, an AI tool can lead us to the biggest plays … It’s quite a world we live in.

#6: Intuitive Machines, Inc. (NASDAQ: LUNR) — The Moon Landing Moonshot Stock

My sixth stock pick is Intuitive Machines, Inc. (NASDAQ: LUNR).

This is a REAL space play, shockingly.

Most penny stocks are trash companies that don’t actually do anything.

But when Elon Musk is involved … You know something’s going down. Or in this case: Up.

The company’s Nova-C class lunar lander launched into orbit from NASA’s Kennedy Space Center in Florida at 1:05 A.M. Eastern, Thursday, February 15. It was attached to SpaceX’s Falcon 9 rocket. Musk is CEO of SpaceX.

So far … the mission is successful.

And LUNR share prices spiked 230%.

StocksToTrade Breaking News alerted the February 20 move at 8:27 A.M. Eastern:

There are real rockets taking off right now!

Quit messing around and get on board.

#7: MicroCloud Hologram Inc (NASDAQ: HOLO) — The Parabolic Short Squeeze That I’m Watching for a Dip and Rip

My seventh stock pick is MicroCloud Hologram Inc (NASDAQ: HOLO).

The most legendary short squeeze of 2024 … Thus far.

Prices launched 6,400% after the company announced it was joining the Communications Industry Association on February 7.

That means absolutely nothing, haha!

Short sellers piled in and tried to ride the initially weak premarket spike lower, but the short selling strategy is overcrowded right now. Too many shorts were scrambling for shares and profits.

When a few started to exit (buy to cover), the bullish momentum ignited a powder keg. Short sellers blew up all day long.

And when the price broke out to $98 on February 16, short sellers blew up again.

I’m not waiting for the price to spike to new highs … Even though theoretically it could.

Instead, I’m looking for a morning dip and resulting intraday rip. The pattern is called a dip and rip. There’s a tutorial video below:

Don’t try to play these runners without a pattern!

Otherwise you’re just gambling. And gamblers get eaten alive out here.

Top Stocks Under $5

Hot sector penny stocks — whether we’re talking AI penny stocks, biotech penny stocks, or another sector attracting a lot of news — are something traders should always be looking at. The allure lies in the potential for substantial returns on investment, as even minor developments or positive news within these sectors can lead to significant price jumps.

It’s important to proceed with caution and a well-thought-out strategy. The inherent volatility of penny stocks, combined with the speculative nature of emerging sectors like renewable energy and tech innovations, underscores the importance of a meticulous approach. Before diving in, ensure you’ve done your due diligence, looking past the initial excitement to assess the true potential and risks of these ventures. It’s wise to trade these stocks rather than invest long-term, given their unpredictable nature.

Success in trading hot sector stocks priced under $5 hinges on a selective and strategic approach. The goal is to tap into their explosive growth potential while implementing robust risk management practices. By zeroing in on companies making news in their specific niches, traders can seize opportunities for disproportionate gains. This strategy, coupled with a disciplined approach to maintaining a tight investment strategy and promptly cutting losses, can pave the way for trading success in these dynamic market segments.

What Do You Need to Trade Stocks?

The biggest thing you need to become a self-sufficient trader is something money can’t buy…

Patience.

Everything else is easy enough to come by.

Most brokers don’t charge commissions when you buy listed stocks — which is every stock on this list.

You can see the brokers I recommend here.

What else do you need?

You’ll need a trading computer and decent internet. You’ll also need a powerful trading platform like StocksToTrade

StocksToTrade puts top-of-the-line charts and stock screening at your fingertips. It’s got a built-in news scanner that puts earnings reports and news that move stocks in one place.

We think you’ll see the difference immediately. Get your first 14 days here for only $7.

Then comes the hard part…

You need to learn patterns. You need to find out which strategies work for you. You need to put in screen time…

Paper trading is a good way to get your feet wet. StocksToTrade can do that too.

You need to make trading plans and track your trades. I know, it’s a lot. That’s why I’ve designed the best mentorship program out there — Daily Income Trader.

Our trading community will bring you live webinars, strategy sessions, and the chance to ask questions of me and other top traders.

My goal is to teach you how to think for yourself and trade through any kind of market.

Here’s one of the biggest things I teach you to do… 

How to Find Your Top Stocks to Watch: 5 Tips for Every Day

The best traders don’t believe in ‘hot stocks.’ They watch what the market is doing every single day.

There’s no trick to it. Building a daily watchlist comes down to five easy steps.

#1: Run Your Scans

You know what’s moving by setting your stock screener to pick up the right stocks.

I run scans all through premarket, looking for stocks up at least 10%, on decent volume and a catalyst that isn’t complete garbage.

The market is a game of supply and demand. A stock screener is the best way of measuring that demand.

#2: Know Your Catalysts

Crappy penny stocks will always have press releases and celebrity tweets when they’re running. It’s your job to know what’s fluff and what isn’t.

Luckily, it isn’t hard. Is the market reacting well to it? Then it’s probably decent news.

We have an add-on service specifically dedicated to the news that moves stocks. It’s called Breaking News Chat — and it can be your secret weapon. 

#3: Study the Charts

Studying charts can be the difference between randomly trading a stock and seeing a good entry.

How do I know that most days TSLA starts the day red it often finishes green? It’s because I’ve studied its charts.

#4: Look for Volume

Volume is the biggest indicator of price action.

You can trade a stock move with no news. But you probably don’t want to make a trade with no volume.

This is another thing to study when you’re looking at a chart.

Take a look at a stock’s biggest moves. How much volume does it get when it’s making a move? 

#5: Learn From Other Traders

Never copy another trader’s trades. If you’re last in on a trade, you’ll only make money by luck. And you sure won’t learn to trade for yourself.

The training we offer at StocksToTrade is designed to help you become a self-sufficient trader. We show you how we come up with our trade ideas, we don’t give them to you.

Profit and loss isn’t the mark of a good trader. It’s the planning and execution you put in.

We can help you get there in a few different ways:

Conclusion

I’ve shown you the work that goes into building a watchlist…

And I hope I’ve scared you enough that you don’t take these picks as recommendations!

Trading is something you do at the same time as millions of other people. Having stock picks is as silly as taking cue cards on a date…

And it works about as well.

Your trading success doesn’t depend on any ‘secrets’ I can tell you. The only thing it depends on is you learning about your own trading style.

Treat this watchlist as a starting point. Keep on working on your own watchlists until they fit the way you trade.

What do you think about the stocks I’m watching this month? Have you traded any of them? Let me know in the comments!