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Top 6 Stocks to Buy for October

These stocks represent good values and could make major moves higher this month

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Top Stock to Buy #4 – H. J. Heinz Company (HNZ)

H. J. Heinz Company (NYSE:HNZ), a global producer of a wide variety of food products, has a new, more aggressive corporate strategy. Acquisitions in emerging markets began two years ago, and in 2011, that new direction accounted for 16% of total sales.

Earnings for FY 2012 (ended in April) were $2.85, and the consensus for FY 2013 is $3.50, with $3.75 expected in FY 2014.

A recent double buy signal from our Collins-Bollinger Reversal (CBR) indicator tells us to buy now for a break above the current bull channel and a run to $62. HNZ has a 3.7% dividend yield, and the company has a history of increasing dividends.

HNZ Chart
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Article printed from InvestorPlace Media, http://investorplace.com/2012/10/top-stocks-to-buy-adp-brli-cern-hnz-lmt-oke/.

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