Top 5 Large-Cap Stocks for June 3

Public Storage shows sub par growth in net income in the first quarter. Despite this, we feel that the strengths detailed above outweigh any potential weakness at this time.

Enterprise Products Partners(EPD Quote) is a midstream energy company that provides services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, and petrochemicals in the U.S., Canada and the Gulf of Mexico. We recently upgraded this stock to a buy in April 2009 based on several positive investment measures, the strongest of which is the company's expanding profit margins.

Enterprise continues to deal with the effects of Hurricanes Gustav and Ike, but posted a record gross operating margin in the first quarter of fiscal 2009 despite the lingering difficulties. At the same time, NGL, crude oil, and petrochemical transportation volumes were a record 2.2 million barrels per day. The company's gross profit margin is rather low, but it has managed to increase from the same period last year. In addition, a net profit margin of 6.6% compares favorably to the industry average.

Management considered Enterprise's first quarter results to be a good start to fiscal 2009. The stock's performance has been lackluster recently, but we feel that its strengths outweigh the potential weakness at this time.

FPL Group(FPL Quote) owns and operates Florida Power & Light Company, supplying electric service to a population of more than eight million throughout most of the east and lower west coasts of Florida. We have rated the stock a buy since January 2009 due to the company's impressive growth and strong fundamentals.