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 #5 – Stratasys (SSYS)

Stratasys (SSYS) is a maker of three-dimensional printers and 3D production systems for office-based rapid prototyping. The company’s only competitor is 3D Systems (DDD), which I recommended on Aug. 27. Stratasys’ merger with Objet Geometries took out the other major player in this industry. And the merger, it is reasoned by analysts, created a worldwide leader in 3D printing.

While 3-D Systems has a slight edge in marketing, Stratasys has a greater geographic footprint, and both companies should prosper. SSYS is expected by analysts to earn $1.85 per share this year and $2.49 in 2014. The mean target of fundamental analysts is $111.23.

On Sept. 13, the stock gapped down nearly $5 because of a 4.5-million share offering of new stock at a 4.9% discount from the closing price the day before. However, the stock held at its bullish support line and is moving up on high volume. SSYS should be bought at the market with a trading target of $110. The stock can also be held for long-term appreciation.

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