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Top 6 Stocks to Buy for March

Tech, financials and manufacturers top this month’s list

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Top Stock to Buy #5 – McKesson Corp. (MCK)

McKesson Corp. (NYSE:MCK) provides pharmaceutical supply management and information technologies. The company acquired US Oncology in December.

S&P estimates that MCK will earn $6.35 in 2011 versus $4.29 in 2010. The company is in a strong financial position with over $3.9 billion in cash and good cash flow. Of the 20 analysts covering MCK, 18 have either a “strong buy” or “buy” on the stock. And S&P targets the stock at $100.

Technically MCK has been consolidating around its 200-day moving average. A break above its May high of $88 should quickly propel it to our technical target of $105.

Top Stock to Buy #5 – McKesson Corp. (MCK)
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Article printed from InvestorPlace Media, http://investorplace.com/2012/02/top-stocks-to-buy-csx-de-ibm-jpm-mck-mu/.

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