Microsoft

FAIRLY VALUED
Earnings release date:July 17
Expected EPS: 47
Price to projected earnings ratio: 16.51
PEG: 1.32
Stock Price as of July 11: $20.64

Microsoft's p-e and PEG are in line with the S&P 500's tech sector. The multiples imply a long-term growth rate of 11%, which appears to make sense for a mature software company no longer in its high growth stage. Of course, Microsoft (MSFT) could warrant a higher multiple if it begins making progress on the Web, where it trails Google.