Forbes recently released its list of the world's 100 most powerful women. Many of the women who made the magazine's list are CEOs of publicly traded companies, and of the top 20 women, 10 are the CEOs of stocks that trade in the U.S.

Stockpickr has sorted through the Forbes list and compiled the top 10 stocks of these powerful women.

At the top of the Forbes list is PepsiCo's ( PEP) CEO, Indra Nooyi, who was ranked No. 5 by the magazine. Pepsi was just downgraded by Standard & Poor's from buy to hold, due to its strong price rise making it fairly valued. However, the soda-maker stock is a favorite of Jim Cramer's. The stock has a price-to-earnings (P/E) ratio of 20, a P/E-to-growth (PEG) ratio of 1.9 and a yield of 2%.

Pepsi is part of the Cramer Recession Stocks portfolio, which lists the stocks that he believes have the potential to perform well during a recession. Other stocks in the portfolio include MedcoHealth Solutions ( MHS), which has a P/E of 29 and a PEG of 1.5, and Procter & Gamble ( PG), which offers a P/E of 23 and a PEG of 1.8.

Another female CEO to make the Forbes list is Patricia Woertz, who ranks No. 8. Woertz is the chief exec of Archer Daniels Midland ( ADM). Due to a drop in ethanol prices, the company is shifting its production of corn from biofuel to corn syrup and other products. The stock has a P/E of 10 and a PEG of 1.5. It also pays a yield of 1.4%.

ADM is in the portfolio of Moore Capital, a $10 billion group of hedge funds whose Moore Global Investments fund has generated an average annual return of 24% since 1990. Moore also owns Dell ( DELL), which sports a forward P/E of 16 and a PEG of 1.6, as well as Apex Silver Mines ( SIL), which has a forward P/E of 8.

The CEO for Kraft Foods ( KFT) is Irene Rosenfeld, who ranks No. 9 on the Forbes list. The conglomerate last week announced plans to break up its five North American business sectors into eight units: beverages, cheese, pizza, snacks and cereals, Oscar Mayer, food service, grocery and Canada. Kraft has a P/E of 20, a PEG of 2.5 and a 3.1% yield.

Kraft is one of the stocks owned by Nelson Peltz, noted turnaround investor, takeover engineer and activist shareholder. His hedge fund, Trian, generated a return of 37% last year. Peltz also owns stakes in a couple of other food-related companies including Cadbury Schweppes ( CSG), which has a P/E of 24, a PEG of 4.8 and a yield of 2.4%, as well as HJ Heinz ( HNZ), which offers a P/E of 19, a PEG of 2.4 and a yield of 3.3%.

To see the entire list of the 10 stocks inspired by the Forbes list, check out the Top Powerful Women Stocks at Stockpickr.com.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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