Markets & Finance

High-Quality Stocks for an Unsettled Market


By Arnie Kaufman For investors who don't have the stomach for wild swings in the stock market, companies that have proven themselves over time offer the potential for a relatively smooth ride. We searched our database for issues that carry an S&P

quality rank of A+ or A, which means they have compiled a record of ten years of superior earnings and dividend growth and stability.

This kind of track record -- and the cushion provided by dividends -- lessen the likelihood that the stocks will experience extreme ups and downs, even in a shaky market.

In addition, we screened for companies that our analysts expect to show earnings growth of at least 10% for 2001. All of the stocks, moreover, had to be ranked five STARS, indicating that S&P analysts rate them as buys and expect them to log above-average market performance over the next six to 12 months.

The following issues emerged:

Bank of New York (BK)

Bristol-Myers Squibb (BMY)

Citigroup (C)

Eaton Vance (EV)

Hershey Foods (HSY)

Kaydon Corp. (KDN)

MBNA Corp. (KRB)

Pfizer (PFE)

Philip Morris (MO) Kaufman is editor of S&P's weekly investing newsletter, The Outlook


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