10 Best-Performing S&P 500 Stocks of 2010

BOSTON (TheStreet) -- Stocks have been swinging wildly this year after rallying in 2009, bewildering investors who've been hoping for a steady recovery.

Amid the chaos, there have been some standouts this year, especially among small banks and food companies. Here are the 10 best-performing S&P 500 stocks so far in 2010. The shares are ordered by performance, from the smallest to biggest return.

10. Dr Pepper Snapple Group ( DPS) has advanced 33% in 2010 and 71% during the past 12 months. First-quarter profit tumbled 33% to $89 million, or 35 cents, as revenue declined 1%. The operating margin remained steady at 16%, lagging the tallies of beverage titans Coca-Cola ( KO) and Pepsi ( PEP). Dr Pepper Snapple Group trades at a price-to-sales ratio of 1.7 and a price-to-cash-flow ratio of 5.7, 44% and 53% discounts to industry averages.

9. Tyson Foods ( TSN), seller of chicken, beef, pork and prepared foods, has rallied 36% in 2010 as the market dropped. It has gained 32% during the past year. Tyson swung to a fiscal second-quarter profit of $159 million, or 42 cents, as revenue increased 9.7%. The operating margin extended from 0.7% to 5%. Tyson sells for a price-to-projected-earnings ratio of 8.5 and a price-to-sales ratio of 0.2, 42% and 83% discounts to food products peer averages.

8. Chocolate seller Hershey ( HSY) has returned 39% in 2010 and 36% during the past 12 months. First-quarter profit nearly doubled to $147 million, or 64 cents, as revenue climbed 14%. The operating margin widened from 14% to 18%. Hershey trades at a premium to food products peers based on trailing and projected earnings. But its PEG ratio, a measure of value relative to predicted long-run growth, of 0.8 signals a 20% discount to fair value.

7. Regional bank KeyCorp ( KEY) has gained 41% so far in 2010 and 48% in the past year. KeyCorp's first-quarter loss narrowed 89% to $55 million, or 11 cents, as revenue declined 7.8%. The operating margin turned positive. KeyCorp sells for a price-to-book ratio of 0.6 and a price-to-cash-flow ratio of 2.1, indicating discounts of 46% and 79% to financial services industry averages. The company has been unprofitable for eight consecutive quarters.

6. Cummins ( CMI), a maker of engines and engine components, has appreciated 42% so far this year. It has more than doubled during the past year. First-quarter profit soared to $149 million, or 75 cents, from $7 million, or 4 cents, a year earlier. Revenue inched up 1.6%. The operating margin stretched from 2.5% to 7%. Cummins trades at a PEG ratio of 0.3, reflecting a discount of 70% to projected long-run growth. It's also cheap based on projected earnings.

5. Specialized metal company Titanium Metals ( TIE) has increased 49% in 2010 and 139% over the past 12 months. First-quarter profit decreased 15% to $17 million, or 9 cents, as revenue grew 6.9%. The operating margin fell from 12% to 11%. Titanium Metals sells for a price-to-sales ratio of 4 and a price-to-cash-flow ratio of 14, 48% and 32% discounts to metals and mining peer averages. Its PEG ratio of 0.9 reflects a 10% discount to fair value.

4. SanDisk ( SNDK) designs flash storage devices for consumer electronics, including cameras and phones. Its stock has soared 50% in 2010 and has more than tripled in one year. SanDisk swung to a first-quarter profit of $235 million, or 99 cents, from a loss of $208 million, or 92 cents, a year earlier. The stock's PEG ratio of 0.1 signals a 90% discount to fair value. Its forward earnings multiple of 11 reflects a 28% discount to the computers and peripherals peer average.

3. Ohio regional bank Huntington Bancshares ( HBAN) has soared 55% in 2010 and 51% during the past 12 months. Huntington swung to a first-quarter profit of $40 million, or 1 cent, from a loss of $2.4 billion, or $6.79, a year earlier. Revenue declined 2.7%. The operating margin extended from 0.7% to 12%. Huntington trades at a price-to-projected-earnings ratio of 13 and a price-to-cash-flow ratio of 11, on par with its regional bank peer group.

2. Akamai Technologies ( AKAM) provides services to accelerate the delivery of content and applications on the Internet. First-quarter profit expanded 10% to $41 million, or 22 cents, as revenue grew 14%. The operating margin inched up from 27% to 28%. Akamai sells for a price-to-book ratio of 3.9, a 28% discount to the Internet software peer average. Its PEG ratio of 0.6 indicates a 40% discount to estimated fair value.

1. Utah-based Zions Bancorporation ( ZION) has surged 70% in 2010 and has doubled over a one-year span. Its first-quarter loss narrowed 93% to $60 million, or 57 cents, as revenue jumped 36%. The operating margin remained in negative territory. Zions trades at a price-to-book ratio of 0.6 and a price-to-cash-flow ratio of 2.1, 50% and 79% discounts to industry averages. The shares are expensive based on projected earnings.

-- Reported by Jake Lynch in Boston.

RELATED STORIES:



Become a fan of TheStreet on Facebook.

More from Personal Finance

9 Best Investment Books for Beginners

9 Best Investment Books for Beginners

How to Calculate Your Net Worth and Pin Down Your Financial Health

How to Calculate Your Net Worth and Pin Down Your Financial Health

The Best States for Millennials' Money and Health

The Best States for Millennials' Money and Health

U.S. Banks Urged to Make Small Loans In Competition With Payday Lenders

U.S. Banks Urged to Make Small Loans In Competition With Payday Lenders

How to Void a Check

How to Void a Check