If you look at some of the major firms that rate stocks, and you look to see what stocks meet their highest ratings, you can get a good idea of what the major consensus is for which stocks are considered quality investments. If several of them agree on what stocks are the best, then maybe those are worth a closer look.
Standard & Poor's highest rating is five stars. S&P is a division of The McGraw-Hill Companies, Inc. (MHP). The highest ratings for First Call Consensus are Buy and Strong Buy, the same with Jaywalk Consensus. The highest for Market Edge is Long, and for Jim Cramer 's TheStreet.com (TSCM), the top rating is Buy. The highest rating for ResearchTeam is Accumulate. Many of these stocks pay decent yields. Here are some stocks which got the highest ratings from these rating agencies according to WallStreetNewsNetwork.com.
Caterpillar Inc. (CAT) forward PE: 13.6 yield: 2.5%
Eaton Corporation (ETN) forward PE: 12.7 yield: 3.0%
Sonoco Products Company (SON) forward PE: 12.9 yield: 3.3%
To see the rest of the high rated stocks, go to WallStreetNewsNetwork.com.
Author doesn't own any of the above.