GIANT Stocks - Mega-Caps that are Poised to Lead

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"Unfortunately for big stocks, smaller is still better. Many of the top 20 stocks in the S&P 500 are trailing the performance of the overall index this year. However, many investors argue that this is the time to get in. They're inexpensive, relative to their smaller brethren, in virtually every market sector. All of the top 20 companies trade for less than 20 times estimated profits. They carry earnings yields -- the inverse of the P/E ratio -- of 5% or more, versus 4.75% for 10-year Treasuries."

From Barron's 4/16/07

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