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Top 6 Stocks to Buy for April

Health care and tech stocks, including Apple, top this month's list

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Top Stock to Buy #5 – Pfizer (PFE)

Pfizer (NYSE:PFE) is the world’s largest pharmaceutical company, producing a wide range of drugs. In October 2009, it acquired Wyeth. The blue-chip has had a long history of earnings gains and dividend increases. The current dividend yield is 3.4%.

Technically, PFE has been in a bull market since January 2012. On March 20, following a meeting with Pfizer management, JPMorgan Chase (NYSE:JPM) analysts raised their price target to $32, and S&P forecasted an earnings target of $2.30 for 2013, up from $2.19 in 2012. And a stock repurchase plan could result in even higher earnings.

PFE’s momentum has recently increased, driving it through the top of a well-defined two-year bull channel. Pfizer appears attractive as a long-term, blue-chip diversification in an investment-grade portfolio.

PFE Chart
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Trade of the Day Chart Key 

Article printed from InvestorPlace Media,

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