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| Bob Doll of Merrill Lynch Investment Managers |
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| TOP PICK | J.C. Penney | JCP-N | 37.940 | A turnaround story. Good margin improvement. Merchandising strategy improving. Only sells at 10 X next year's earnings. | 2004-07-23 | ||
| TOP PICK | Johnson & Johnson | JNJ-N | 55.740 | Good ballast for portfolios. Cheap valuation. | 2004-07-23 | ||
| TOP PICK | Valero Energy Corp | VLO-N | 73.790 | Benefiting from the continuing wide margins of the supply/demand story. There's more to go. | 2004-07-23 |