By Ryan FuhrmannNEW YORK (
Wal-Mart (WMT)Business: World's Largest Retailer Current P/E ratio: 13.9 Current dividend yield: 2.3%
Sales should grow in the high single digits going forward, but cost containment and other productivity enhancements should push profits up in the double digits each year going forward. Wal-Mart is also an ideal pick for investors worried about a double-dip recession or a failure of the global economy to recover fully from the credit crisis. Given its additional focus on dividends and ability to boost the payout over time, this stock pick is hard to argue against.