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3 Top-Rated Stocks to Buy on Any Dips

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Magna International (MGA)

Magna International (MGA) LogoMagna International (MGA) provides services ranging from vehicle engineering and assembly to production of exterior trim and building interior door panels to the leading auto manufacturers. As car sales have rebounded since the depths of the recession, this company has been a major beneficiary. Its most recent earnings report saw profits grow 34% year over year, exceeding analyst estimates by more than 30%.

The strong quarter was the fourth consecutive positive earnings surprise, and analysts have jacked up their estimates for both 2014 and 2015. Portfolio Grader upgraded the stock to a “strong buy” back in January — this is a stock I would love to be buying in a market pullback.

Markets may be a little more volatile this year than last, especially considering all the geopolitical tumult so far in 2014. Investors who use weak periods to identify superior stocks to buy should navigate the rough waters in profitable fashion.

Louis Navellier is editor of Blue Chip Growth.

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