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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 #6 — Vodafone Group (VOD)

Vodafone Group (NASDAQ:VOD), a leading provider of international wireless communications services, is expected to earn $2.44 in 2012 and $2.89 in 2013, according to S&P. Cost-cutting efforts and a more stable mobile industry in Europe should greatly contribute to earnings, and improving trends in emerging markets are expected to help as well.

The company has begun to extract itself from non-core assets and will receive dividend payments from Verizon Communications (NYSE:VZ) this year. VOD pays a dividend of $1.44 giving a yield of 5.15%.

Consensus targets for the stock this year are $33 to $35, but the stock is in the process of forming a bullish saucer and recently completed a golden cross (50-day moving average crosses up and through 200-day moving average), two very positive technical signals. A break through its high at $29.75 could result in a major move and a target north of $40.

VOD Chart
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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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