The "dog" component came about due to the fact that a high-yielding stock tends to be a stock that has gone down in price. Theoretically, any lag in performance is merely temporary, and investors can profit from owning a cash-paying stock at a low price. Add in any appreciation on the stock, and total performance beats any other approach -- or so goes the theory. In 2011, I am of a different view. Instead of owning the Dogs of the Dow, I want to own what I will call the Dolls of the Dow. Related: Top Dogs of the Dow Stocks for 2011 My Dolls of the Dow are the stocks on the Dow Jones Industrial Index that I believe will outperform the market due to valuation, growth prospects and execution. Any dividend payments are simply a bonus. We have already seen a preference for larger stock thus far in 2011. That trend should continue for the remainder of the year. Last year, dividend-paying stocks did very well. This year, the story will be more about growth. If you can buy that growth at a cheap price, all the better. The market is starting to figure that out. Best to jump on board before the train leaves the station. Here are three Dolls of the Dow stocks to consider. Chevron On the heels the Chinese President President Hu Jintao's visit to the U.S., observers should note the current state of geopolitics. Why would China risk aggravating the U.S. by doing business with U.S. adversaries such as Iran and North Korea? The answer is simple: oil! For anyone to think otherwise is a bit naive. Oil is in short supply, plain and simple. As long as global economies continue to grow, oil prices will go up -- and possibly go up significantly.