Stocks have been rising since the bottom made in October 2011, and this year the Dow has gained 8.14%, the S&P 500 is up 12%, the Nasdaq is up 18.67%, and the Russell 2000 has gained just under 5%. In a market where second-half gains in earnings are in question and volume and breadth suggest that a consolidation is due, where can you find reasonably valued stocks?
Stocks in the building sector, especially apartment construction, should grow, and health care companies should benefit with or without “Obama Care.” And, despite the current administration’s resistance to fossil-fuel programs, the assumption is that the Keystone XL pipeline will eventually be built.
The bull market is still in its infancy, and the public has mostly been absent, put off by a “wall of worry” that appears to be growing, and that is a positive for stocks. Plus, the Fed will continue to pump money into the market.
This month’s stock picks are generally focused on stocks that will benefit from the economic engines that drive the market.
Here are your top stocks to buy for April: