BOSTON ( TheStreet) -- Dow stocks, still among the cheapest in the U.S. market, are becoming popular investments of value-oriented hedge funds. David Tepper of Appaloosa Management held nine Dow stocks at the end of the fourth quarter. He's perhaps the most closely-watched hedge-fund manager today. Having more than doubled his fund in 2009, Tepper returned about 30% last year. He only buys stocks he considers to be undervalued. Below is an overview of his Dow picks, with a focus on fundamentals and valuation.