BOSTON ( TheStreet) -- Investors concerned about a double-dip can shield themselves with large-cap companies that have global reach and ample cash to withstand a slowdown.
The following 10 companies increased sales at an annualized rate of at least 34% in the past three years, which were marked by the worst business contraction since the Great Depression. They are ordered by growth rate, from fast to fastest.
10. Freeport-McMoRan (FCX) explores for copper and gold. Since 2007, it has expanded sales 34% a year. First-quarter revenue soared 68% and net profit multiplied to $945 million, or $2 a share, from $103 million, or 11 cents, a year earlier. The operating margin extended to 47% from 27%. Freeport's stock has risen 35% during the past 12 months, outpacing indices. It trades at a PEG ratio, a measure of value relative to predicted long-run growth, of 0.2, signaling an 80% discount to estimated fair value.
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