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)
Eaton Vance (EV)
Hershey Foods (HSY)
Kaydon Corp. (KDN)
MBNA Corp. (KRB)
Philip Morris (MO) Kaufman is editor of S&P's weekly investing newsletter, The Outlook