June 24, 2010: 21 Large Cap/Low PE Stocks

Occasionally, investors shake the tree with a broad screen to see what securities fall to the ground. Today,I programmed a Standard and Poors Large Cap screen. The following large cap ($10-50b) securities have a four or five star S&P rating coupled with a low PE and PEG valuations. For brevity, just the securities (in no particular order) and their recent closing price are reported. The reader is encouraged to use this list as a starting point for further research.

WellPoint (WLP) $53.03
ACE Limited (ACE) $52.88
Prudential Financial (PRU) $57.03
Chubb (CB)$51.90
Credit Suisse Group (CS) $40.13
Freeport McMoran (FCX) $65.06
UnitedHealth Group (UNH) $30.21
Aetna (AET) $28.93
POSCO (PKX) $105.14
Corning (GLW) $18.14
State Street Corp (STT) $35.81
National-Oilwell Varco (NOV) $35.75
Chevron (CVX) $72.26
Gilead Sciences (GILD) $36.21
CVS Caremark (CVS)$31.43
Murphy Oil (MUR) $53.50
Walgreen (WAG) $26.13
Research In Motion (RIMM) $59.64
Taiwan Semiconductor (TSM) $10.15
Conoco Phillips (COP) $53.51
Sterlite Industries India (SLT) $15.06

I would encourage income-oriented investors to use screens such as the above to investigate preferred and bond components in addition to the common stock listing, as these may represent attractive value at this time.