BOSTON (TheStreet) -- Stocks have corrected sharply in 2010. The large-cap S&P 500 Index is down 6.4%, following a 28% jump in 2009. Pundits would have individual investors believe that all stocks have performed miserably and the U.S. is on the brink of a second recessionary dip. This, of course, runs contrary to the outlook of forecasters who expect a gradual, but sustainable, recovery and expect major indices to achieve gains in the next 12 months. Here are the 10 S&P 500 stocks that have performed best in 2010.
Investors seeking long ideas must remember that even in bear markets, individual equities can make huge gains. The stocks are ordered by performance, from the smallest to largest 2010 return.
10. Dr. Pepper Snapple Group DPS has advanced 33% in 2010 and 71% during the past 12 months. First-quarter profit tumbled 33% to $89 million, or 35 cents, as revenue declined 1%. The operating margin remained steady at 16%, lagging the tallies of beverage titans Coca-Cola KO and PepsiPEP. Dr. Pepper Snapple Group trades at a price-to-sales ratio of 1.7 and a price-to-cash-flow ratio of 5.7, 44% and 53% discounts to industry averages.
To see the remaining 9 picks, head over to TheStreet.com
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