Top 6 Stocks to Buy for May

Market approaching resistance; buy quality stocks on pullbacks

      View All  

Top 6 Stocks to Buy for May

Top Stock to Buy #1 – AT&T (T)

AT&T (NYSE:T), one of the most recognized brand names in the world, is expected to see gains in consumer wireless and broadband services. Its strong balance sheet, long-term customer relationships, and expanding profit margins should result in an increase in the stock’s P/E multiple, along with an increase in earnings. Analysts estimate that AT&T will earn $2.41 in 2012. The stock has a dividend yield of over 5%.

Technically the stock reversed from its 50-day moving average early in April, flashed a buy signal from our internal Collins-Bollinger Reversal (CBR) indicator, and then broke through a quadruple-top at $32. The target for AT&T is $38.

05 12 t 300x191 Top 6 Stocks to Buy for May
Click to Enlarge

See chart key 


Article printed from InvestorPlace Media, http://investorplace.com/2012/04/top-stocks-to-buy-t-ess-kss-pxd-phm-velt/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.