What to do with $50,000 now

Low interest rates and the recent stock market surge make this a challenging time to find the best places for your extra cash.

6 of 10
Buy these 10 stocks
According to Pat Dorsey, director of equity research at Morningstar (and a Money columnist), high-quality blue chips present the best opportunities now. He likes these 10, all of which offer above-average dividends.

Stock: Abbott Labs
Why now? Diversification -- plus few patents set to expire -- equals good prospects for the drugmaker.

Stock: BB&T
Why now? Unlike some other financial firms, this plain-vanilla regional lender has a conservative balance sheet.

Stock: Diageo ADR
Why now? As consumers worldwide resume spending, the owner of brands like Tanqueray and Smirnoff should profit.

Stock: Exxon Mobil
Why now? Its sheer scale, plus great capital-allocation skill, positions the energy giant well.

Stock: Novartis ADR
Why now? Novartis has a top-tier new-drug pipeline plus a good record of returning cash to shareholders.

Stock: Paychex
Why now? This payroll company offers good pricing power and strong margins.

Stock: Philip Morris
Why now? Growth is slowing, but Big Mo still has fat margins and a healthy dividend.

Stock: Realty Income
Why now? This retail landlord offers a high yield combined with consistent, modest income growth.

Stock: Southern Co.
Why now? An electricity producer and distributor, Southern Co. is a reliable juggernaut that's positioned well for growth.

Stock: Sysco
Why now? This strong food-products marketer and distributor delivers high returns on capital.

NEXT: Benefit from breakpoints
Last updated October 21 2009: 11:03 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
8 great summer vacation deals Want the perfect summer getaway? MONEY searched for destinations with balmy weather, unique attractions, fun stuff to do, and great deals from four different categories: beach, mountain, culture and city. More
Best ways to catch up on your retirement savings Even the most financially responsible people make a few mistakes or run into obstacles along the way. These tips -- from cutting taxes to selling securities -- can preserve a safe retirement. More
Nearing retirement? Fortify your finances Your financial goals are within reach. Here are tips and tools to make sure you achieve them. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.