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Top 6 Stocks to Buy for October

These household names should perform well despite a slight correction in the overall market

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Top Stock to Buy #1 – Amazon.com (AMZN)

Leading online retailer Amazon.com (AMZN) is expected to increase net sales 22% in 2013, while earnings are expected to come in at $0.85 per share, up from a loss of $0.09 in 2012. The consensus estimate for 2014 is $2.81 per share.

The stock attempted to break out of a well-defined bull channel in July and failed. Now, it is again attempting to break above the resistance at about $320, and if it succeeds, it will probably make a run to $340. But the chances of profit-taking are high, and trying to buy AMZN on a pullback to $300 seems prudent. However, if buying volume increases and the stock closes above $320, buy it at the market.

AMZN Chart
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Article printed from InvestorPlace Media, http://investorplace.com/2013/09/top-stocks-to-buy-amzn-etn-pbi-ssys-qcom-txrh/.

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