Top 6 Stocks to Buy for March

Tech, financials and manufacturers top this month’s list

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Top 6 Stocks to Buy for March

Top Stock to Buy #2 – Deere & Co. (DE)

Deere & Co. (NYSE:DE), the world’s biggest producer of farm equipment and maker of construction machinery and lawn and garden equipment, is in an ideal spot to benefit from an economic turnaround.

S&P analysts forecast that a strong gain in farm income and a likely improvement in global construction markets will boost equipment demand for Deere’s products. S&P recently increased its 12-month target from $99 to $111.

Technically DE has retreated to its 50-day moving average following a run from $79 in early January to $89 on Feb. 14. The pullback appears to have been the result of a 30-cent miss in its last quarterly earnings estimate, but it gives long-term quality stock buyers another opportunity to buy this blue-chip growth stock.

Prior to the correction there was high accumulation, a golden cross, and in November, a dramatic change in trend from a bear to a bull market. The short-term technical objective for DE is $95.

03 12 de 300x180 Top 6 Stocks to Buy for March
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Article printed from InvestorPlace Media, http://investorplace.com/2012/02/top-stocks-to-buy-csx-de-ibm-jpm-mck-mu/.

©2014 InvestorPlace Media, LLC

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