Sponsored By:

Top 6 Stocks to Buy for November

This month's list includes some well-established industry leaders

      View All  

Top Stock to Buy #3 – Boeing (BA)

Boeing (BA), the world’s largest manufacturer of commercial jets and second largest military weapons maker, is expected to see a 4% rise in sales this year and 9% in 2014, driven by its commercial airplane segment.

The consensus earnings estimate for 2013 is $6.71 per share and $7.46 in 2014. An average P/E of 19 renders a price target of $141.

Technically, the stock has been advancing in a powerful bull channel. But in October, it broke through the upper resistance line of the channel, driven by heavy volume.

The gap created on Oct. 23 at $123.80 to $126 may not close since it appears to be a breakaway gap. The technical target is in agreement with the fundamental target of $141.

11 13 buy ba 300x198 Top 6 Stocks to Buy for November
Click to Enlarge

chart key 300x84 Top 6 Stocks to Buy for November 


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/top-stocks-buy-act-aapl-ba-cni-eght-vtr/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.