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Top 6 Stocks to Buy for January

Homebuilders and financials top this month’s list

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Top Stock to Buy #3 — Masco Corp. (MAS)

Masco Corp. (NYSE:MAS) manufactures a range of home improvement and building products including faucets, cabinets, coatings and windows, and installs insulation in new homes. The increase in pending home sales released on Dec. 30 resulted in a gain of 8.41% for Masco with the stock closing at $10.70.

The company is expected to report earnings of 20 cents for 2011 versus a $3 loss in 2012. Earnings of 55 cents are estimated in 2012 by S&P, which targets the stock at $12, but expects it could go even higher as earnings targets are met. MAS has a dividend yield of 2.86%.

Technically the stock ran to its 200-day moving average on the better home sales report. A punch through its 200-day moving average at $10.65 should result in a quick run to $14. Longer term this stock is capable of a major advance.

01 12 mas 300x182 Top 6 Stocks to Buy for January
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Article printed from InvestorPlace Media, http://investorplace.com/2012/01/top-6-stocks-to-buy-for-january/.

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