Top 6 Stocks to Buy for July

These stocks should do well despite near-term market concerns

      View All  
Top 6 Stocks to Buy for July

Top Stock to Buy #2 – Crown Castle International Corp. (CCI)

Crown Castle International Corp. (NYSE:CCI) owns, operates and leases wireless infrastructure, including towers and antenna systems. Its towers are well positioned in the wireless market with 71% in the top 100 markets.

Earnings have been on a tear, increasing from a loss of $1.16 in 2010 to a profit of 52 cents in 2011 and 92 cents in 2012, and analysts are estimating $1.40 in 2013. Analysts’ price target is $67.

Technically the stock is in a strong bull channel following a break from a consolidation rectangle in January. Late in June, it flashed a new stochastic buy signal and has been under heavy accumulation since March. Our buy under price is $56 with a target of $70.

07 12 cci 300x201 Top 6 Stocks to Buy for July
Click to Enlarge

See chart key 


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/top-stocks-to-buy-adp-cci-oke-ttc-unfi-vrtx/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.