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Top 6 Stocks to Buy for June

Large-cap, high-quality dividend producers top this month’s list

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Top Stock to Buy #2 – Pfizer (PFE)

Pfizer (NYSE:PFE) is the world’s largest pharmaceutical company producing a wide range of drugs. In October 2009, it acquired Wyeth.

The stock has a long history of earnings improvements that have resulted in increasing dividends. The current dividend yield is 3.98%. Analysts have raised their price target to $26-$28.

Technically PFE is in danger of breaking a small head-and-shoulders pattern neckline at just under $22. This should be a cornerstone pharmaceutical stock in long-term portfolios. Thus a pullback to under $20.50 would be a bargain. Buy for long-term accounts.

PFE Chart
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Article printed from InvestorPlace Media, http://investorplace.com/2012/05/top-stocks-to-buy-cvs-pfe-kft-so-vtr-wmt/.

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