The 5 Best Stocks From This Bear Market

Posted: Jul 08, 2010 13:02 PM by Aryeh Katz
Over the last 13 weeks the broad market, as represented by the SPDR S&P 500 (NYSE:SPY), is down by more than 14%. Despite this, there are a handful of companies that have not only outperformed the index but have gained in value and are still posting some very impressive fundamentals.

Serving Up Electrifying Returns
First up is Public Service Enterprise Group (NYSE:PEG), a company that generates and sells electricity and markets natural gas to customers up and down the Atlantic seaboard. The company's shares have climbed 6% since April 1, and still offer a handsome 4.3% dividend yield. Against the utilities sector as a whole, the shares have shown stalwart qualities, besting the Utilities SPDR ETF (NYSE:XLU), which lost more than 5% over the same period.

In its most recent earnings report, PEG posted EPS numbers that handily beat Wall Street estimates. Where the street had been expecting net income of 65 cents a share, management delivered 84 cents.

Public Service shares trade with a price/earnings ratio of 9.7, have a market cap in excess of $15 billion and are mostly institutionally owned (61.4%). (more)