Top Five All-Around Value Stocks

Parker-Hannifin has been rated a buy since October 2006. We are optimistic about this company because of its healthy order growth, positive earnings outlook, and continued efforts to boost growth. Parker-Hannifin reported record results in sales, net income, earnings per share and cash flow from operations for the third quarter of fiscal 2008. Despite a challenging economic climate in North America, the company's net earnings improved 22% year over year, and revenue grew 14%. Earnings per share improved to $1.29 from $1.19 in the third quarter of 2007. The company also reported a 9% increase in total orders, including 28% and 11% growth in orders in the company's Aerospace and Industrial International segments, respectively.

The company continues to execute its Win Strategy, which includes enhanced customer service and a focus on improving profitability. We believe that this strategy could enable the company to maintain its financial strength. Additionally, Parker-Hannifin experienced healthy organic growth, aided by its expansion in the overseas market and the continued introduction of innovative products.

Looking ahead, management raised earnings guidance for fiscal 2008 based on third-quarter results. The company now anticipates income of $5.40 to $5.60 a share. However, while Parker-Hannifin has done well amidst recessionary trends facing North American industries, the impact of this trend could constrain the company's growth in the near future. Additionally, the company is susceptible to any adverse foreign policy and currency risks because a significant portion of its revenue comes from overseas customers.

Murphy Oil MUR is a worldwide oil and gas exploration and production company. It is headquartered in El Dorado, Ark. Murphy explores for and produces crude oil, natural gas and natural gas liquids worldwide, with refining and marketing businesses in North Africa and the U.K. In the U.S., Murphy produces oil and natural gas from six fields operated by the company and three operated by others. Murphy also conducts exploration and production operations in Canada, Malaysia, Ecuador and the United Kingdom.