BOSTON (TheStreet) -- U.S. stocks yesterday weren't able to extend Tuesday's rally after a report showed U.S. housing starts fell 10% in May and FedEx (FDX) issued a 2010 profit outlook that missed analysts' expectations.Dividend-paying shares help investors weather a weak stock market. Here are 10 stocks that offer enormous yields. They also carry greater-than-average risk. 10. Cellcom Israel ( CEL) sells telecom services. Quarter: First-quarter profit inched up 2.2% to $85 million, or 85 cents a share, as revenue grew 14%. The operating margin rose from 28% to 29%. Cellcom has $270 million of cash and $1.2 billion of debt, equaling a debt-to-equity ratio of 10. Stock: Cellcom has increased 4.3% during the past year, underperforming U.S. indices. It trades at a price-to-projected-earnings ratio of 2.2, reflecting a massive 83% discount to its peer average. It's also cheap based on sales and cash flow. Consensus: Of analysts covering Cellcom Israel, six, or 35%, advise purchasing its shares, 10 recommend holding and one suggests selling them. Citigroup ( C) offers a target of $41, leaving a potential return of 52%. UBS ( UBS) expects the stock to hit $37.
9. Universal Insurance Holdings ( UVE) is a Florida-based insurer.
8. Alaska Communications Group ( ALSK) provides telecom services.
7. Formula Systems ( FORTY) is an IT services and software company in Israel.
6. BGC Partners ( BGCP) is an inter-dealer capital-markets broker.
5. Deswell Industries ( DSWL) makes injection-molded plastics in China.
4. Telecom Corp. of New Zealand ( NZT) sells telecom services and IT products.
3. Teekay Tankers ( TNK) owns and operates oil tankers.
2. Partner Communications ( PTNR) is a mobile-telecom company in Israel.
1. Frontier Communications ( FTR) provides telecom services in rural areas of the U.S.