Why 3D Systems Corporation (DDD), Starwood Hotels & Resorts Worldwide Inc (HOT) and Tesla Motors Inc (TSLA) Are 3 of Today’s Best Stocks

Stocks were mixed Monday as traders kept things calm ahead of this week's Federal Reserve meeting

Energy and financial services stocks pressured equities Monday, but when the closing bell rang, the S&P 500 was left with a tolerable loss of just 0.13% while the Dow Jones Industrial Average and the Nasdaq Composite posted slight gains.

Why 3D Systems Corporation (DDD), Starwood Hotels & Resorts Worldwide Inc (HOT) and Tesla Motors Inc (TSLA) Are 3 of Today's Best Stocks“Mixed” was the order of the day for stocks, which is not surprising when considering the Federal Reserve kicks off its two-day meeting on Wednesday. Most fixed-income traders are not betting the central bank raises rates again this week, but economic data indicate the U.S. economy, the world’s largest, is far from a recession. That could mean the Fed catches bond markets off guard and proceeds with another small rate hike this week.

What was not small were the gains posted today by 3D Systems Corporation (NYSE:DDD), Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) and Tesla Motors Inc (NASDAQ:TSLA).

3D Systems Corporation (DDD)

3D Systems, a provider of 3D printing services, saw its shares surge 25% on volume that was more than quadruple the daily average after the company reported fourth-quarter earnings of 19 cents per share on revenue of $183.4 million. Analysts expected earnings of 6 cents a share on revenue of $183 million.

DDD said that while it is pleased with the sequential improvement in revenue, industry conditions remain challenging and that demand could be “uneven” going forward. Healthcare and industrial customers were the primary revenue drivers in the fourth quarter, said DDD.

Shares of DDD are up more than 65% year-to-date.

Starwood Hotels & Resorts Worldwide Inc (HOT)

Shares of hotelier Starwood Hotels & Resorts Worldwide Inc soared 7.8% on turnover that was more than seven times the daily average after China’s Anbang Insurance Group unveiled a competing, unsolicited bid to Marriott International Inc’s (NYSE:MAR) offer to acquire HOT. The Chinese company is offering $12.8 billion for HOT.

Some analysts believe Marriott could be compelled to sweeten its offer for HOT, which if accepted, would create the world’s largest hotel chain, according to Reuters. The Reuters piece also noted that if Anbang Insurance is successful in acquiring HOT, that deal would represent the largest Chinese acquisition of U.S. real estate assets to date.

Tesla Motors Inc (TSLA)

Elon Musk’s Tesla Motors Inc rallied 3.7% after Baird analysts upgraded TSLA shares to “outperform” with a $300 price target. That implies significant potential upside from where TSLA currently resides.

In an excerpt of a note posted by Barron’s, Baird analysts said, “…Although we were concerned about the rate of Model X deliveries, recent data points show production is accelerating, which should drive deliveries and margin expansion throughout 2016…”

Shares of TSLA are down about 10% this year.

At the time of this writing, Todd Shriber did not own any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/03/why-3d-systems-corporation-ddd-starwood-hotels-resorts-worldwide-inc-hot-and-tesla-motors-inc-tsla-are-3-of-todays-best-stocks/.

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