Jason Trennert's list of "New Sovereigns"

U.S. Companies with Lowest 5-Year CDS Spreads (Top 50) – as of 5/21/12
CDS		Div Yld		CDS		Div Yld
MRK	Merck & Co	21.2	4.47	TGT	Target	49.7	2.15
MMM	3M Co.	29.0	2.79	COST	Costco	49.9	1.31
BAX	Baxter Intl	29.8	2.57	KMB	Kimberly-Clark	50.4	3.76
MCD	McDonald's	30.4	3.07	ABT	Abbott Laboratories	50.5	3.30
BMY	Bristol-Myers	32.1	4.16	UPS	United Parcel Service	50.5	3.05
XOM	Exxon Mobil	34.0	2.78	RTN	Raytheon	50.6	3.98
INTC	Intel	37.1	3.21	NOC	Northrop Grumman	51.0	3.73
TXN	Texas Instruments	38.0	2.31	HSY	Hershey	51.9	2.25
HON	Honeywell Intl	38.3	2.61	PG	Procter & Gamble	52.1	3.55
IBM	IBM	38.6	1.72	AGN	Allergan	52.3	0.22
MCK	McKesson	39.5	0.92	SYY	Sysco	52.3	3.95
DIS	Walt Disney	39.8	1.35	CAH	Cardinal Health	52.5	2.30
CVX	Chevron	40.0	3.61	ORCL	Oracle	55.5	0.91
JNJ	Johnson & Johnson	40.3	3.84	MMC	Marsh & McLennan	56.5	2.88
GOOG	Google	40.6	0.00	HD	Home Depot	57.4	2.44
GIS	General Mills	41.0	3.16	DE	Deere & Co.	58.0	2.44
MSFT	Microsoft	42.1	2.69	ED	Consolidated Edison	58.5	4.11
PGN	Progress Energy	45.2	4.57	OXY	Occidental Petroleum	59.0	2.67
CL	Colgate-Palmolive	45.3	2.51	DD	E.I. DuPont de Nemours	59.5	3.52
INTU	Intuit	46.3	1.09	KO	Coca-Cola	59.5	2.74
NKE	Nike	47.0	1.34	CVS	CVS Caremark	59.8	1.45
UNP	Union Pacific	47.5	2.18	NU	Northeast Utilities	60.0	3.84
NSC	Norfolk Southern	47.5	2.79	LLY	Eli Lilly & Co.	60.2	4.82
GD	General Dynamics	48.8	3.16	KFT	Kraft Foods	60.3	3.01
WMT	Wal-Mart	49.6	2.52	CPB	Campbell Soup	62.0	3.54

Retirado de www.wealthtrack.com