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Top 6 Stocks to Buy for July

These small- and midcaps have positive fundamental and technical characteristics

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Top Stock to Buy #6 – Waste Connections (WCN)

Waste Connections (WCN) is an integrated municipal solid-waste company that provides collection, transfer, disposal and recycling in the U.S. S&P upgraded its shares to a “buy” recommendation on May 30 with a target of $45 based on its expansion into oil fields, its excellent balance sheet and cash position. Consensus EPS estimates are for $1.78 in 2013 and $2.02 in 2014.

The stock appears to be under relatively heavy accumulation and received a recent buy signal from its stochastic indicator. The fundamentalists appear to be too cautious on this stock, as it has accelerated above its well-established bull channel. The technical target is $50 and WCN should be bought at the current market price.

WCN Chart
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