BOSTON ( TheStreet) -- Those who claim you can't make money in blue-chip dividend stocks should take a look at the following 10 Dow components. They've at least doubled since the March 2009 low, which was two years ago this week. Although the mega-cap index has lagged the S&P 500 and Nasdaq since then, several companies have surged. Several may still outperform in 2011. Below, they are ordered by performance since the low, from great to best.

10. JPMorgan ( JPM) is a financial company, with retail-, commercial- and investment-banking units.

JPMorgan's stock has doubled since the March 2009 low. It is up 8.8% in 12 months and 15% in three. JPMorgan currently ranks as analysts' favorite Dow stock, based on aggregate ratings. Currently, 28, or 85%, of the analysts in coverage rate its stock "buy" and five rate it "hold." None rank it "sell." Oppenheimer forecasts a rise of 35% to $61. Nomura predicts a gain of 11% to $50. The stock trades at a trailing earnings multiple of 12, a forward earnings multiple of 8.2 and a sales multiple of 1.5, 16%, 26% and 14% peer discounts. JPMorgan's adjusted fourth-quarter earnings surged 84% to $1.12, beating researchers' consensus estimate by 12%. The company's quarterly revenue grew 23%.

>>> Stocks to Buy for Third Year of Bull Market

9. United Technologies ( UTX) is an aerospace, defense and industrial company.

United Technologies' stock has more than doubled since the March 2009 low. It has gained 17% in 12 months and 3.8% in three. United currently ranks as analysts' third favorite Dow stock, with 74% of those in coverage ranking it a "buy." Nomura values the stock at $98, suggesting 20% upside. FBR Capital Markets forecasts a modest rise to $83. United shares sell for a forward earnings multiple of 14 and a book value multiple of 3.5, 11% and 55% industry discounts. Yet, they're fairly valued based on cash flow and trailing earnings. United's fourth-quarter adjusted earnings rose 9.8% to $1.31, exceeding consensus by 1.3%. Sales expanded 5.4%.

8. Boeing ( BA) builds commercial and military aircraft, satellites and defense systems.

Boeing's stock has soared 123% since the March low. It has risen 7% in 12 months and 3.5% in three. Boeing currently ranks as the thirteenth highest-rated Dow stock, based on analyst grades. Of researchers covering Boeing, 69% advise purchasing its shares. Gleacher & Co. offers a target of $100, implying 45% of upside. In contrast, HSBC predicts a decline to $63. Boeing's stock trades at a trailing earnings multiple of 16, a forward earnings multiple of 13 and a sales multiple of 0.8, 12%, 13% and 38% peer discounts. It's expensive based on cash flow and book value. Boeing's adjusted fourth-quarter earnings tumbled 38% to $1.11, meeting consensus expectations.

7. General Electric ( GE) is a conglomerate.

GE's stock has advanced 138% since the March low. It has gained 28% in 12 months and 22% in three. GE ranks as equity researchers' fifteenth favorite Dow stock. Of analysts covering GE, 62% recommend purchasing its stock. Citigroup has the highest target on Wall Street, at $25, consistent with a 22% rise. JPMorgan, though ranking GE "overweight", predicts a modest rise to $21. GE's stock sells for a forward earnings multiple of 13 and a book value multiple of 1.8, 16% and 22% peer discounts. GE's adjusted fourth-quarter earnings increased 16% to 36 cents, beating consensus by 13%. Sales rose 3.1%, beating by 3.4%. GE's dividend is forecasted to rise.

6. Disney ( DIS) is an entertainment company, with television and film studios and amusement parks.

Disney's stock is up 156% since the 2009 March low. It has risen 36% in 12 months and 16% in three. Disney is currently analysts' tenth favorite Dow stock. Of those covering it, 67% advocate purchasing its shares. BMO Capital Markets predicts that Disney's stock will rally 29% to $56. Piper Jaffray, ranking Disney "neutral", expects its stock to fall to $42. Disney's stock commands a forward earnings multiple of 14, a book value multiple of 2.1, a sales multiple of 2.1 and a cash flow multiple of 12, 42%, 23%, 12% and 41% media peer-group discounts. Disney's fourth-quarter adjusted earnings climbed 45% to 68 cents, outperforming consensus by 5.3%.

>>> Small-Caps With Gains of 15-Fold

5. Alcoa ( AA) is a materials company, selling aluminum, alumina and related products.

Alcoa's stock has gained 161% since the March low. It has rallied 23% in 12 months and 15% in three. Alcoa currently ranks as the fifth least-favorite Dow stock. Of researchers following Alcoa, nine, or 50%, advise purchasing its stock, seven recommend holding and two advocate selling. Deutsche Bank offers the highest 12-month target, auguring a rise of 36% to $22. In contrast, RBC Capital, ranking the stock "underperform", expects it to fall to $16. Alcoa sells for a forward earnings multiple of 11, a book value multiple of 1.2 and a cash flow multiple of 7.3, 73%, 65% and 58% industry discounts. Adjusted quarterly earnings beat analysts' consensus forecast by 12%.

4. DuPont ( DD) is a chemicals company, with agriculture, materials and pharmaceutical units.

DuPont's stock has rocketed 184% since the March 2009 market low. It has returned 56% in 12 months and 9.4% in three. DuPont currently places as researchers' twelfth favorite Dow stock, receiving 10 "buy" calls, five "hold" recommendations and no "sell" ratings. Citigroup is bullish, expecting an advance of 22% to $65. Credit Suisse forecasts a more modest increase to $58, ranking DuPont "neutral." DuPont trades at a trailing earnings multiple of 16, a forward earnings multiple of 13, a sales multiple of 1.5 and a cash flow multiple of 11, 25%, 24%, 47% and 23% chemicals industry discounts. Adjusted quarterly earnings rose 14%, beating consensus.

3. Bank of America ( BAC) is a financial company, with retail- and commercial-banking units.

Bank of America's stock has more than tripled since the 2009 stock-market low. It has fallen 16% in 12 months, but rallied 18% in three. Bank of America ranks as researchers nineteenth favorite Dow stock. Of analysts covering the equity, 60% rank it "buy." Raymond James is optimistic, predicting a gain of 73% to $24. Deutsche Bank, on the other hand, expects the stock to fall to $13. Bank of America sells for a forward earnings multiple of 7.5, a book value multiple of 0.6, a sales multiple of 1.1 and a cash flow multiple of 1.7, 32%, 35%, 42% and 66% peer discounts. The bank swung to a quarterly profit of 30 cents, beating Wall Street's consensus.

2. American Express ( AXP) is a credit-card company, competing with the likes of Visa ( V).

American Express's stock has more than tripled since the 2009 low. It has risen 12% in 12 months, but fallen 4.6% in three. AmEx places as researchers' ninth least-favorite Dow stock. Of the analysts covering AmEx, 18, or 67%, rate its stock "buy", six rate it "hold" and three rank it "sell." Piper Jaffray offers a target of $62, suggesting a 12-month rise of 44%. Raymond James forecasts a fall of 16% to $36. American Express, undervalued based on its 5.6 cash flow multiple, is fairly valued when considering forward earnings and book value. Fourth-quarter adjusted earnings jumped 59%, still missing consensus.

1. Caterpillar ( CAT) designs, manufactures and sells construction and mining equipment.

Caterpillar's stock has more than quadrupled since the March 2009 low. It has climbed 74% in 12 months and 14% in three. Caterpillar ranks as analysts' tenth least-favorite Dow stock. Of researchers following Cat, 13, or 59%, advise buying its shares and nine say to hold. None recommend selling. Macquarie offers the highest target on Wall Street, expecting a gain of 24% to $125. Sterne, Agee & Leach, ranking Cat "neutral", expects a marginal rise to $103. Cat trades at a forward earnings multiple of 12 and a cash flow multiple of 13, 26% and 19% industry discounts. The shares are expensive based on book value.

-- Written by Jake Lynch in Boston.

>To see these stocks in action, visit the 10 Best Dow Stocks Since March 2009 Low portfolio on Stockpickr.

RELATED STORIES:

Become a fan of TheStreet on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

SC Weakens Dodd-Frank Protections for Whistleblowers: LIVE MARKETS BLOG

SC Weakens Dodd-Frank Protections for Whistleblowers: LIVE MARKETS BLOG

Stocks Rise Solidly Ahead of Federal Reserve Minutes, Dow Back Above 25,000

Stocks Rise Solidly Ahead of Federal Reserve Minutes, Dow Back Above 25,000

Cardinal Health: Why We're Not Worried About Amazon

Cardinal Health: Why We're Not Worried About Amazon

Financial Stocks Make Great Buys After the Recent Market Downdraft

Financial Stocks Make Great Buys After the Recent Market Downdraft

This Is the Perfect Time to Buy Dividend Stocks

This Is the Perfect Time to Buy Dividend Stocks