Top 6 Stocks to Buy for April

Health care and tech stocks, including Apple, top this month's list

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Top 6 Stocks to Buy for April

The market’s technical picture is still solidly bullish. However, after the dynamic run that started late last year, near-term momentum is slowing and a minor consolidation is likely. Since Dec. 31, the S&P 500 has ground out a gain of about 9%, and a pause to consolidate could provide for bargains, especially in the more volatile small-cap and midcap areas. Support for the S&P 500 is at 1,531, and a close under that line would cause some concern. But with the Dow industrials making another new high in late March, it seems unlikely that a major reversal is in the wind.

This month’s list of stocks to buy is populated with names that have continued the upward momentum and should break to new highs following the current consolidation. Four of the six are in the health care sector, which has maintained its upward momentum in spite of increased taxes, lawsuits and a variety of potential negatives. Stocks that forge ahead despite walls of worry generally continue to provide above-average returns.

One stock that has caused a lot of trauma to investors, Apple (NASDAQ:AAPL), may have finally hit a low. It doesn’t fit the criteria of other stocks on our list, but at the current price and with the current technical outlook, it is just too juicy to ignore.

Here are your top stocks to buy for April: 


Article printed from InvestorPlace Media, http://investorplace.com/2013/03/top-stocks-to-buy-aapl-act-abc-bax-pfe-qcom/.

©2014 InvestorPlace Media, LLC

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