Top 3 FTSE 350 Stocks For Your Watchlist

April is quickly approaching and like any studious investor, I have been looking for the best funds to start investing in this spring.

If you're like me, you are probably asking yourself-What stocks should I buy right now?

These are three opportunities that grabbed my attention because of the incredible potential for growth. If you are looking for investments that are undervalued and in a good position to skyrocket this year- keep reading.

Rolls Royce Holdings(RYCEY) has caught my eye first.

The company took an enormous hit at the start of the pandemic that it never really recovered from, where stocks lost over 50% of their value. Since then it has dropped even lower and has held at about $1.50 since the beginning of 2021.

However, every dip leaves an opportunity for a fantastic recovery, which Rolls-Royce is set up for. RYCEY makes most of its revenue from repairing and servicing aircraft engines, which can expect to pick up as travel becomes frequent again.

Rolls-Royce is also growing as a company. They are starting new programs, such as the Rolls-Royce Electrical business, and also recently finished their new restructuring program that will streamline operations and efficiency, ahead of schedule.

I would also buy Drax Group(DRX) because I believe it is currently undervalued. DRX is an established power business that owns the UK’s largest power station.

It has recently reported impressive earnings for the year, but this did not affect the price of its stock. This was because of “unusual items”- or infrequent expenses such as paying off debt, restructuring the company, or lawsuit losses. The good news is, Drax Group is now set up to make significant strides in profit this year because it presumably won’t be weighed down by these unusual costs.

The third stock I would acquire is Computacenter plc(CCC). Computacenter is a leading IT service provider in the UK and internationally. It covers a broad array of services, from infrastructure to big data management to cyber security solutions.

This leaves a lot of room for growth because all of these services are hot topics right now. Cyber security threats are at an all-time high, and every industry out there has no choice but to upgrade its systems and establish security standards if they have not already.

The cyber security sector was one of the best prevailing industries through the entire pandemic, and Computacenter is no exception. Since the start of 2020, shares have increased by over 100% and can be expected to keep rising.

Overall, I’m looking toward tech and infrastructure additions to my portfolio this month. RYCEY, DRX, and CCC have all proven themselves to be capable businesses that are poised for expansion this year, and this investor is optimistic to see what they have in store.