Top Stock to Buy #6 – Yahoo (YHOO)
Yahoo (NASDAQ:YHOO) is one of the world’s largest providers of content and services. Earnings have been variable, but its heavy investment in Asian companies is expected to add stability. Consensus earnings for 2013 are $1.39, up from in $1.17 in 2012, and analysts expect $1.51 in 2014.
The stock broke from a cup-and-handle consolidation in October and ran from $16.75 to over $19 before a brief consolidation between $19 and $20. From February through April, it established a clearly defined bull channel with a top at over $25 and support at $23. The MACD indicator flashed a new buy signal on April 24. Buy YHOO under $24 for a six-month target of $30.