Dow Stocks -- From Bottom to Top

Dow stocks have resisted the equity-market decline more so than small-cap indices. Here's a ranking of No. 30 to No. 1.
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BOSTON (TheStreet) -- The stock market, which swooned and then soared in 2009, has slumped so far this year.

Dow stocks

, as measured by the

Dow Jones Industrial Average

of the biggest 30 U.S. companies, have dropped 4% this year after rising 19% in 2009. The

Russell 2000 Index

of small-cap shares has tumbled 5.2%.

Dow stocks such as

McDonald's

(MCD) - Get Report

and

Johnson & Johnson

(JNJ) - Get Report

stand a better chance of holding their value, so investors would be wise to shade their exposure to big, safe bets. Concerns about a double-dip recession here at home, burdensome debt in Europe and a credit clampdown in China have stalled the U.S. stock-market rally that began 11 months ago.

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Dow Stocks: Cellar Dwellers

>>

Dow Stocks: Crossing Over to 'Buy'

>>

Dow Stocks: Ones You Can't Live Without

>>

Dow Stocks: Getting Better

>>

Dow Stocks: Best of the Best

Last week,

TheStreet.com

listed the 30 Dow components ranked by its quantitative ratings model to provide investors insight into which big-name stocks sit at the top of the pile. Those stocks offer the best shot at capital preservation and appreciation during uneasy times. The list is constantly being reshuffled due to stock-price changes and earnings releases.

Here are the most current rankings by

TheStreet.com's

model.

#30.

Alcoa

(AA) - Get Report

Price-to-Earnings: N/A due to losses (Industrial Materials Average: 44.32)

Debt/Capital: 38.7% (Industrial Materials Average: 35.9%)

Price-to-Sales: 0.66 (Industrial Materials Average: 6.3)

#29.

Bank of America

(BAC) - Get Report

P/E: 32.6 (Banks Average: 24.8)

Debt/Capital: 78.2% (Banks Average: 76.8%)

Price-to-Free-Cash-Flow: 1.8 (Banks Average: 8.5)

#28.

General Electric

(GE) - Get Report

P/E: 13.5 (General Industrials Average: 17.6)

Debt/Capital: 80.3% (General Industrials Average: 37.5%)

Profit Margin: 7.1% (General Industrials Average: 21.4%)

#27.

American Express

(AXP) - Get Report

P/E: 23.3 (Financial Services Average: 24.7)

Debt/Capital: 79.4% (Financial Services Average: 53.3%)

Price-to-Book: 3.2 (Financial Services Average: 4.14)

#26.

The Home Depot

(HD) - Get Report

P/E: 17.6 (Home Improvement Retail Average: 27.7)

Debt/Capital: 39.1% (Home Improvement Retail Average: 33%)

P/FCF: 10.7 (Home Improvement Retail Average: 16.2)

#25.

Verizon

(VZ) - Get Report

P/E: 12.4 (Telecom Average: 14.7)

Debt/Capital: 42.5% (Telecom Average: 44.5%)

P/FCF: 5.8 (Telecom Average: 10.8)

#24.

ExxonMobil

(XOM) - Get Report

P/E: 16.4 (Integrated Oil and Gas Average: 21.4)

Debt/Capital: 7.4% (Integrated Oil and Gas Average: 29.9%)

5-Year Growth Rate: 5% (Integrated Oil and Gas Average: 21.6%)

#23.

Caterpillar

(CAT) - Get Report

P/E: 27 (Industrial Engineering Average: 29.6)

Debt/Capital: 77.2% (Industrial Engineering Average: 37.7%)

Current Ratio: 1.4 (Industrial Engineering Average: 1.7)

#22.

DuPont

(DD) - Get Report

P/E: 16.2 (Chemicals Average: 22.5)

Debt/Capital: 59% (Chemicals Average: 45.8%)

Current Ratio: 1.8 (Chemicals Average: 1.8)

#21.

Chevron

(CVX) - Get Report

P/E: 14.2 (Integrated Oil and Gas Average: 21.4)

Debt/Capital: 21% (Integrated Oil and Gas Average: 29.9%)

5yr Growth Rate: 6% (Integrated Oil and Gas Average: 21.6%)

#20.

Cisco Systems

(CSCO) - Get Report

P/E: 20.7 (Telecom Equipment Average: 32.3)

Debt/Capital: 21% (Telecom Equipment Average: 27%)

Current Ratio: 3.2 (Telecom Equipment Average: 2.5)

#19.

JPMorgan Chase

(JPM) - Get Report

P/E: 14.7 (Banking Average: 26.6)

P/FCF: 1.5 (Banking Average: 10.1)

1-Year Revenue Growth: 13.93% (Banking Average: 12.3%)

#18.

Boeing

(BA) - Get Report

P/E: 31.7 (Aerospace and Defense Average: 33.54)

P/FCF: 9.5 (Aerospace and Defense Average: 20.1)

P/S: .6 (Aerospace and Defense Average: 1.4)

#17.

AT&T

(T) - Get Report

P/E: 11.5 (Telecom Average: 14.7)

Debt/Capital: 41.3% (Telecom Average: 44.5%)

5-Year Geometric Revenue Growth Rate: 28.7% (Telecom Average: 22.7%)

#16.

Merck

(MRK) - Get Report

P/E: 11.5 (Pharmaceuticals Average: 30.5)

Debt/Capital: 22.8% (Pharmaceuticals Average: 26.7%)

P/B: 3.53 (Pharmaceuticals Average: 4.32)

#15.

Kraft

(KFT)

P/E: 14.1 (Food Producers Average: 28)

P/B: 1.9 (Food Producers Average: 4.7)

P/FCF: 11.3 (Food Producers Average: 21)

#14.

3M

(MMM) - Get Report

P/E: 17.2 (General Industrials Average: 17.6)

Debt/Capital: 30% (General Industrials Average: 37.5%)

Operating Margin: 21.7% (General Industrials Average: 12.3%)

#13.

Intel

(INTC) - Get Report

P/E: 16.2 (Semiconductor Average: 141.5)

Debt/Capital: 5% (Semiconductor Average: 23.8%)

P/FCF: 22.2 (Semiconductor Average: 47.2)

#12.

Johnson & Johnson

(JNJ) - Get Report

P/E: 13.7 (Pharmaceutical Average: 30.5)

Debt/Capital: 21.8% (Pharmaceutical Average: 26.7%)

P/FCF: 13.9 (Pharmaceutical Average: 26.8)

#11.

Wal-Mart

(WMT) - Get Report

P/E: 15.5 (Retail Average: 21.4)

P/S: 0.52 (Retail Average: 1.02)

P/FCF: 16.2 (Retail Average: 18.2)

#10.

Walt Disney

(DIS) - Get Report

P/E: 16.2 (Media Average: 30.5)

Debt/Capital: 26.4% (Media Average: 75.6%)

P/B: 1.6 (Media Average: 4.8)

#9.

IBM

(IBM) - Get Report

P/E: 12.6 (Technology Average: 38.1)

P/S: 1.7 (Technology Average: 4.7)

P/FCF: 9.5 (Technology Average: 23.9)

#8.

Pfizer

(PFE) - Get Report

P/E: 8.8 (Pharmaceuticals Average: 30.6)

Debt/Capital: 23.1% (Pharmaceuticals Average: 26.7%)

Operating Margin: 35.3% (Pharmaceuticals Average: 19.6%)

#7.

Microsoft

(MSFT) - Get Report

P/E: 15 (Software Average: 30.5)

P/FCF: 13.5 (Software Average: 25.8)

Debt/Capital: 12.7% (Software Average: 16%)

#6.

United Technologies

P/E: 14.7 (Industrials Average: 29.6)

Debt/Capital: 31.3% (Industrials Average: 38.8%)

P/FCF: 13.8 (Industrials Average: 25.17)

#5.

Hewlett-Packard

(HPQ) - Get Report

P/E: 12.7 (Technology Average: 38.1)

P/FCF: 11.9 (Technology Average: 23.9)

P/S: 1.01 (Technology Average: 4.7)

#4.

Coca-Cola

(KO) - Get Report

P/E: 18.2 (Beverages Average: 25.8)

Total Cash/Current Assets: 40.9% (Beverages Average: 27.7%)

P/FCF: 20.6 (Beverages Average: 26.5)

#3.

Procter & Gamble

(PG) - Get Report

P/E: 16.6 (Consumer Goods Average: 22.8)

Debt/Capital: 36.9% (Consumer Goods Average: 43.3%)

P/FCF: 13.1 (Consumer Goods Average: 21.9)

#2.

Travelers

(TRV) - Get Report

P/E: 8 (Insurance Average: 30.3)

Debt/Capital: 19.2% (Insurance Average: 37.3%)

P/B: 0.96 (Insurance Average: 1.4)

#1.

McDonald's

(MCD) - Get Report

P/E: 16.4 (Restaurants Average: 31.7)

P/FCF: 18.8 (Restaurants Average: 25)

Profit Margin: 20% (Restaurants Average: 3.7%)

-- Reported by David MacDougall in Boston.

Prior to joining TheStreet.com Ratings, David MacDougall was an analyst at Cambridge Associates, an investment consulting firm, where he worked with private equity and venture capital funds. He graduated cum laude from Northeastern University with a bachelor's degree in finance and is a Level III CFA candidate.