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Credit Suisse's 14 Ultimate Defensive Stock Picks

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Philip Morris International (PM - Get Report)

Company Profile: The company is the world's second-largest tobacco company with a 16% share of the non-U.S. market. It owns seven of the top 15 international brands, including the leader, Marlboro, as well as L&M, Philip Morris, Bond Street, Chesterfield, Parliament and Lark.

2011 Return: up 33%

Dividend Yield: 4.07%






McDonald's (MCD - Get Report)

Company Profile: One of the world's largest restaurant chains, the company generates revenue through company-owned fast-food restaurants, franchise royalties and licensing pacts. At the end of the third quarter, there were 33,100 McDonald's in 117 countries.

2011 Return: up 30%

Dividend Yield: 2.87%

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