Amgen Inc. (Symbol AMGN, $55.27), with a PE of 10.82 and 5 year earnings growth rate of 13.3% over the last 5 years would be one of these quality stocks. Amgen will have 2011 earnings of $5.05 per share and 2012 earnings of $5.49. The stock is actually even for the last 12 months, so has not added any premium to reflect the improving added earnings. There is no "hot" money in here right now, so you don't have to worry about a sharp sell off. I would buy the stock here.
Novartis (Symbol NVS, $62.17) is the second stock that I would like to mention. It pays a $2.00 dividend so you start out with a $3.29 yield. The One year Total Return on the stock is 28.9%. 2012 earnings are looking like $5.76 per share. A little more aggressive purchase than Amgen , but very solid choice. PE on the stock is 11.08, so is very reasonable.
|Mokie relaxing in cap.|
don't go chasing things like gold or speculating on stocks that have run up wildly.