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Top 6 Stocks to Buy for August

This month's picks based on proven performance, above-average dividend yields

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The late-July rally was precipitated by ECB President Mario Draghi saying it “is willing to do whatever it takes to preserve the euro.” However, the public isn’t buying. Volume and breadth have declined, and the July 17 AAII sentiment survey had the “bulls” at just 22.19%, indicating that the public is out of the market.

Even though AAII’s bulls rebounded by 5.9% last week, the mutual fund figures confirm the public’s fear of stocks. This month, retail investors will likely redeem over $5 billion of equity-based funds, bringing year-to-date liquidations to the highest number since 2008. 

In such an uncertain environment, it is best to stick with high-quality stocks. This month’s picks are based on proven performance with above-average dividend yields. Here are your top stocks to buy for August:

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