Stocks on the move: M, TRNC, COTY >>> READ MORE

Top 6 Stocks to Buy for October

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

      View All  

Top Stock to Buy #2 – Eaton Corp. (ETN)

Eaton Corp. (ETN) makes electrical systems and components for power management in the aerospace, hydraulics, truck and automotive, and power transmission industries. Analysts expect earnings per share (EPS) of $4.19 in 2013, up from $3.94 in 2012, and $5.02 in 2014. The high target of fundamental analysts is $81, and the stock has a dividend yield of 2.4%.

Technically, ETN is attempting to break from a broad triple-top, which is being propelled by higher-than-average upside volume. Buy ETN for a trade to $78. Investors may also want to buy the stock as a long-term hold.

ETN Chart
Click to Enlarge

Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC