Top Stock to Buy #6 — Pfizer (PFE)
Pfizer (NYSE:PFE) is the world’s largest pharmaceutical company, producing a wide range of drugs. In October 2009 it acquired competitor Wyeth.
The stock has had a long history of earnings improvements that have resulted in increasing dividends. The current dividend yield is 3.7%. Analysts have raised their price target to $26-$28.
Technically PFE is in a powerful bull channel with a recent buy signal from our in-house Collins-Bollinger Reversal (CBR) indicator and the stochastic. This should be a cornerstone pharmaceutical stock in long-term portfolios. Buy at the market for a trading target of $30.