BOSTON ( TheStreet) -- U.S. stocks rallied yesterday after China said it would relax its yuan currency peg. The move will make U.S. goods cheaper overseas, benefiting American exporters. Here are 10 companies that will capitalize on a weaker dollar.

10. Boeing ( BA) is an aerospace and defense company.

Quarter: First-quarter profit dropped 15% to $519 million, or 70 cents a share, as revenue declined 7.8%. The operating margin rose from 6.3% to 7.6%. Boeing has $10 billion of cash and $13 billion of debt, equaling a debt-to-equity ratio of 4.4

Stock: Boeing has advanced 43% during the past year, outperforming U.S. stock indices. Its PEG ratio, a measure of value relative to expected growth, of 0.4 signals a 60% discount to estimated fair value. The stock is also cheap based on cash flow.

Consensus: Of analysts covering Boeing, 18, or 64%, advise purchasing its shares, seven recommend holding and three suggest selling them. Gleacher Securities ( BPSG) expects the stock to rise 45% to $100. Stifel Financial ( SF) predicts that it will hit $90.

9. Caterpillar ( CAT) manufactures construction and mining equipment.

Quarter: Caterpillar swung to a first-quarter profit of $233 million, or 36 cents, from a loss of $112 million, or 19 cents, a year earlier. The operating margin fell from 16% to 12%. Cat has $30 billion of debt, converting to a debt-to-equity ratio of 3.4.

Stock: Caterpillar has doubled during the past 12 months, beating U.S. benchmarks. It sells for a price-to-cash-flow ratio of 6.9, a 58% discount to the machinery industry average. Its PEG ratio of 0.3 reflects a 70% discount to estimated fair value.

Consensus: Of researchers following Caterpillar, 13, or 50%, advocate purchasing its shares, 11 advise holding and two say to sell them. RBC ( RY) offers a target of $86, leaving a potential return of 22%. Avondale Partners offers a target of $85.

8. Freeport-McMoRan ( FCX) explores for copper, silver and gold.

Quarter: First-quarter profit multiplied to $945 million, or $2, as revenue soared 68%. The operating margin rose from 27% to 47%. The balance sheet stores $3.8 billion of cash and $6.1 billion of debt, translating to a debt-to-equity ratio of 0.6.

Stock: Freeport-McMoRan has appreciated 36% during the past year, beating U.S. indices. It trades at a price-to-projected-earnings ratio of 7.1, a 54% discount to its peer average. Its PEG ratio of 0.2 reflects an 80% discount to estimated fair value.

Consensus: Of firms covering Freeport, 13, or 65%, rate its stock "buy", six rate it "hold" and one ranks it "sell." Barclays ( BCS) predicts that the stock will gain 74% to $120. JPMorgan ( JPM) values it at $111, leaving 41% of potential upside.

7. Cummins ( CMI) manufactures diesel and natural-gas engines.

Quarter: First-quarter profit multiplied to $149 million, or 75 cents, as revenue inched up 1.6%. The operating margin jumped from 2.5% to 7%. Cummins has $1.1 billion of cash and $735 million of debt, equaling a debt-to-equity ratio of 0.2.

Stock: Cummins has more than doubled during the past 12 months, outpacing U.S. benchmarks. It sells for a price-to-projected-earnings ratio of 14, a 31% discount to its peer average. Its PEG ratio of 0.3 indicates a 70% discount to estimated fair value.

Consensus: Of analysts covering Cummins, 12, or 60%, advise purchasing its shares and eight recommend holding them. Credit Suisse ( CS) offers a target of $100, leaving a potential return of 32%. UBS ( UBS) expects the stock to rise 29% to $98.

6. Bucyrus ( BUCY) manufactures mining equipment.

Quarter: First-quarter profit tumbled 38% to $35 million, or 45 cents, as revenue inched up 0.2%. The operating margin tightened from 16% to 14%. Bucyrus has $242 million of cash and $1.5 billion of debt, converting to a debt-to-equity ratio of 0.9.

Stock: Bucyrus has returned 83% during the past 12 months, beating U.S. indices. It trades at a price-to-projected-earnings ratio of 10, a 48% discount to the industry average. Its PEG ratio of 0.2 reflects an 80% discount to estimated fair value.

Consensus: Of researchers following Bucyrus, 13, or 72%, advise purchasing its shares and five recommend holding them. Sidoti & Co. values the stock at $95, leaving 84% of potential upside. BMO ( BMO) projects that the shares will touch $92.

5. Nvidia ( NVDA) sells chips for advanced visual displays.

Quarter: Nvidia swung to a first-quarter profit of $138 million, or 23 cents, from a loss of $201 million, or 37 cents, a year earlier. Revenue surged 51%. The operating margin turned positive. Nvidia has $1.8 billion of cash and $24 million of debt.

Stock: Nvidia has returned 9.6% during the past year, trailing benchmarks. It sells for a price-to-projected-earnings ratio of 12 and a price-to-sales ratio of 1.9, 20% and 47% discounts to peer averages. It's also cheap based on book value.

Consensus: Of firms covering Nvidia, 11, or 34%, rate its stock "buy," 19 rank it "hold" and two rate it "sell." Raymond James ( RJF) expects the stock to more than double to $28. JMP Securities ( JMP) predicts that it will command $25.

4. Nike ( NKE) sells sports equipment and apparel.

Quarter: Fiscal third-quarter profit more than doubled to $496 million, or $1.01, as revenue grew 6.6% to $4.7 billion. The operating margin extended from 13% to 14%. Nike has $4 billion of cash, equaling a quick ratio of 2.4, and $568 million of debt.

Stock: Nike has returned 32% during the past 12 months, outpacing U.S. indices. It trades at a price-to-projected-earnings ratio of 17 and a price-to-book ratio of 3.8, on par with peers. Its PEG ratio of 0.8 signals a 20% discount to estimated fair value.

Consensus: Of analysts covering Nike, 14, or 64%, advise purchasing its shares and eight recommend holding them. D.A. Davidson values Nike at $94, leaving 26% of potential upside. Robert W. Baird forecasts that the stock will gain 23% to $92.

3. Estee Lauder ( EL) sells cosmetics, fragrances and hair-care products.

Quarter: Fiscal third-quarter profit more than doubled to $58 million, or 28 cents, as revenue grew 9.8% to $1.9 billion. The operating margin widened from 5.4% to 7.7%. Estee Lauder has $1.4 billion of cash and $1.4 billion of long-term debt.

Stock: Estee Lauder has risen 16% during the past year, trailing benchmarks. It sells for a price-to-projected-earnings ratio of 19, a 17% premium to the industry average. Its PEG ratio of 0.2 indicates an 80% discount to estimated fair value.

Consensus: Of researchers following Estee Lauder, six, or 30%, advocate purchasing its shares and 14 recommend holding them. Caris & Co. offers a target of $82, leaving a potential return of 38%. Piper Jaffray ( PJC) predicts that the stock will hit $75.

2. Tiffany & Co. ( TIF) sells fine jewelry.

Quarter: First-quarter profit nearly tripled to $64 million, or 50 cents, as revenue increased 22%. The operating margin widened from 12% to 17%. Tiffany & Co. has $674 million of cash and $760 million of debt, equaling a debt-to-equity ratio of 0.4.

Stock: Tiffany & Co. has risen 69% during the past 12 months, beating U.S. indices. It trades at a price-to-projected-earnings ratio of 15, on par with its specialty retail peer average. Its PEG ratio of 0.8 signals a 20% discount to estimated fair value.

Consensus: Of firms covering Tiffany & Co., 16, or 73%, rate its stock "buy" and six rank it "hold." None rate it "sell." Jefferies ( JEF) offers a target of $61, leaving a potential return of 38%. HSBC ( HBC) speculates that the stock will rise 36% to $60.

1. Coach ( COH) sells premium hand bags and accessories.

Quarter: Fiscal third-quarter profit expanded 37% to $158 million, or 50 cents, as revenue grew 12% to $831 million. The operating margin extended from 27% to 30%. Coach holds $908 million of cash and $25 million of long-term debt.

Stock: Coach has soared 60% during the past year, outpacing benchmarks. It trades at a price-to-projected-earnings ratio of 17 and a price-to-book ratio of 7.9, premiums to peer averages. Its PEG ratio of 1.1 also indicates a premium.

Consensus: Of analysts covering Coach, 16, or 70%, advise purchasing its shares and seven advocate holding them. Telsey Advisory Group values Coach at $51, leaving 21% of potential upside. Sterne, Agee & Leech expects the stock to hit $50.

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