Earnings, Dividends Make These Stocks Stand Out
October began with a dramatic sell-off to 1,174 on the S&P 500. But a partial resolution of the financial crisis inEurope and the possible avoidance of contagion among EU members resulted in a dramatic rally of 11% and a reversal of the near-term and intermediate-term trends. And the fact that over 60% of the S&P stocks reporting Q3 earnings beat estimates helped as well.
Although the bear market is still intact, the 11% gain in the S&P 500 caught many investors by surprise and created a short-covering rally that has cut 70% of shorts from the market. October ended with sharp profit-taking and indications that the euro deal may have some flaws.
Volatility remains high, so investors should concentrate on stocks that have shown strength in earnings and price. They should also use the high volatility to their advantage to buy them at reasonable prices. Here are your top stocks to buy for November:
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