Top 10 Stocks to Own for the Rest of the Year

Kimberly-Clark(KMB Quote) makes and sells health and hygiene products, such as Kleenex, Kotex, Depend, Cottonelle and Viva brand paper products. This is another defensive stock as people will continue to use these products no matter what the economy is doing. Kimberly-Clark is one of the highest-yielding stocks on the list at 3.1%.

Johnson & Johnson(JNJ Quote) makes health care products including Band-Aids, Neutrogena, Splenda, Tylenol, Listerine and Sudafed, all major brands that people are unlikely to give up in financially tight times. J&J pays a dividend of 2.7%.

UIL Holdings(UIL Quote) is a utility in the southwestern part of the state of Connecticut that yields 5.8%. The company stated that it is committed to keeping the dividend at its current level. Connecticut doesn't have the home price excesses that California, Florida and Nevada have.

Brewer Anheuser-Busch(BUD Quote) will continue to sell beer, whether there is a recession or not. With a yield of 2.7%, it should hold up well.

Magna International(MGA Quote), Canada's largest automobile-parts manufacturer, just increased its dividend by more than 89% in the latest quarter, after lowering it previously for the first quarter. The yield is 1.1%.

Sotheby's(BID Quote) will benefit from the wealthy getting in over their heads, through the auction of mansions, jewelry and art. It just increased its dividend by 50% and is yielding 1.3%.

Norfolk Southern(NSC Quote) is a railroad that Warren Buffett just added to his Berkshire Hathaway(BRK.A Quote) portfolio. With an extremely low PEG of 0.9 and a yield of 2.1%, Norfolk Southern should do well.