According to a recent report by Forbes magazine, Nicole Kidman is the most overpaid actress in Hollywood, with her movies earning only a dollar for every dollar she earned.

The left-handed actress is also a goodwill ambassador for UNICEF and was made a Companion of the Order of Australia, the country's highest honor. She became the face of Chanel No. 5 in 2004.

Because of her acting and endorsements, she is connected to a lot of publicly traded companies, and Stockpickr has developed a portfolio of stocks Nicole Kidman should love.

One of the companies that Kidman is heavily connected with is News Corp. (NWS.A), whose 20th Century Fox division is the distributor of the upcoming movie Australia as well as Moulon Rouge!, for which Kidman won a Golden Globe Award for Best Actress. She also appeared in commercials for SKY, an Italian digital satellite television platform owned by News Corp.

News Corp.'s MySpace division is launching its MySpace Music joint venture with three major music labels to stream free music. The stock has a P/E of 7, a PEG of 0.97 and a yield of 0.9%.

New Corp. is owned by the Dodge & Cox Stock Fund, which has a Morningstar rating of four stars and is managed by Harry Hagey. The fund has had an average return of 17.73% over the last five years. The fund also owns Hewlett-Packard (HPQ), with a P/E of 15; Comcast (CMCSA), with a P/E of 25; and Wal-Mart Stores (WMT), with a P/E of 18.

The company responsible for Kidman's receiving an Acadamy Award is Viacom (VIA.B). Its Paramount Pictures distributed The Hours, for which Kidman was named Best Actress. She's also starred in a couple of other Paramount movies: Margot at the Wedding and The Stepford Wives.

The company last reported quarterly revenue growth of 21.1%, but earnings were down 6.2%. The stock has a P/E of 9.

Viacom is owned by the Fifth Third Disciplined Large Capital Value Institutional Fund, which has a Morningstar rating of five stars and is managed by James Kirk. The fund has had an average annual return of 11.39% over the last five years. Fifth Third also owns ConocoPhillips (COP), with a P/E of 7, and MetLife (MET), with a P/E of 12.

As celebrity spokesperson, Kidman was the face of the NintendoDR (NTDOY.PK) advertising campaign for its Brain Training and More Brain Training games. The company recently raised its profit forecast by 26.2%. The stock has a P/E of 13.

Nintendo is owned by the Fidelity International Discovery Fund, which is up 22.52%, 20.61% and 19.68% for the past one-, three-, and five-year periods. The fund also owns BP (BP), with a P/E of 8, and UBS (UBS), with a forward P/E of 12.

For more stocks Nicole Kidman should love , go to Stockpickr.com.

Posted on Sept. 17, 2008