Top 7 Trades for December

Top Stock #1: Deere & Company (DE)

30 Dead Dividend Stocks to Avoid At All Costs

Deere & Company (DE) manufactures agricultural equipment, and construction and forestry vehicles. Citigroup Global Markets has a “buy” rating on DE and raised its target to $62 saying, “We now apply a market multiple of 17x to our unchanged normalized EPS of $3.75.” And S&P rates the stock a “four-star buy” with a target of $65.

DE fell from a bull market high of more than $90 in April 2008, to less than $25 in March 2009. But it quickly sprang back and established a consolidation within one of the most followed bull market formations in modern times — the cup-and-handle. On Nov. 17, DE broke cleanly from the formation, and my technical target is between $65 and $70.

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Next: Top Stock #2