Big can be beautiful, especially when investors are wary of the stock market.

Large-cap stocks, low in price but high in exposure to rapidly-growing international markets, appear poised for a comeback.

Companies with market capitalizations of $10 billion or more usually hold enough cash to weather any storm and are the traditional favorites of big-time investors. In the third quarter, large-cap growth funds rose 13 percent, according to Lipper Inc.

"After a tumultuous time in the market, people tend to go out and buy big names," says Tom Roseen, senior research analyst with Lipper. "Large companies have good balance sheets and earnings, they have downsized their businesses, and they pay nice dividends."

The international emphasis of big companies means less pain when all is not well with the U.S. economy. A sideways economy here almost always turns investor attention to large caps, Roseen says.

"When investors are scared about the big macro picture and not feeling adventurous and speculative, you see the money flow into big-cap stocks," says Kelley Wright, managing editor of the Investment Quality Trends newsletter, in Carlsbad, Calif. "The high-quality blue chips we follow are considered more defensive in nature because they pay dividends."

Everyone should have a core portion of their individual portfolio that is stable, dependable, and producing results year in and year out, Wright believes. There might not be fireworks every quarter, but big stocks don't "get creamed" as badly when things turn negative, either.

"The U.S. dollar really got strong through July and has weakened about 15 percent since then," says Tom Forester, manager of the Forester Value Fund (FVALX), up 8 percent over the past 12 months. "Since most big-cap names are multinationals, they have a lot of foreign earnings that benefit from a weaker dollar."

Emerging markets such as China, India, and Brazil are the primary targets of most big companies, which also are paying good dividends at a time when Treasury yields are ridiculously low, he says.

"When I look at a company like McDonald's Corp. (MCD), all I can say is 'wow' because it continues to knock the cover off the ball," says Wright, pointing out that the restaurant chain has been impressive going after Starbucks in coffee with its well-received McCafe. "It operates in 160 countries and adjusts its menus to be more culturally attractive to the markets it is in."

Of course, not all big companies are great. A good one must have strong management, understanding of its markets, and ability to make money in both good and tough times, he says. Another prime example is Nike Inc. (NKE), which turned in a 9 percent increase in net income in its most recent quarter, he says.

"Nike is a cash machine," says Wright, noting that the famous Nike swoosh seems to be everywhere these days. "If you look at kids' feet they're probably wearing Nikes. We are also in the heart of the football season, and the company is consistently showing top-line performance rather than simply benefiting from cost-cutting."

Turning to what he considers the "dull and boring," he admires Procter & Gamble Co. (PG) even though it could be considered the most mature of all the consumer staples, known for familiar products such as Tide.

P&G gets more than 60 percent of earnings from overseas as it continues to tailor its products to meet the growing middle classes in developing nations. It is a big firm but not just sitting there, instead squeezing money out of brands that have been around forever.

"Procter and Gamble is now franchising Mr. Clean car washes," Wright says. "How brilliant is that?"

The price is right for most dividend-paying big-cap stocks, Forester believes.

"Altria Group Inc. (MO) spun off its Phillip Morris International business, so it doesn't have as much international exposure as it once did," says Forester. "But it is a really strong stock with a dividend yield of nearly 7 percent."

In technology, Hewlett-Packard Co. (HPQ) has strong enough products that you can overlook questionable decision-making by its board of directors, he says. That lately has included its controversial selection for CEO of Leo Apotheker, former CEO of Germany's SAP AG.

"Bristol-Myers Squibb Co. (BMY) has decent international exposure and a decent dividend yield of nearly 5 percent," Forester says. "It is also reasonably priced and representative of some intriguing big-cap stocks out there."

But while big stocks look good, there's been no wild rush into big-cap stock funds. There has actually been a rush to the exits due to general consternation over the future of the stock market. Through the first three quarters of the year nearly $42 billion was yanked out of large-cap funds as investors put safety above all else.

"Clearly, people are looking for safety and turning to fixed income more than large-cap stocks for their 401(k) and other accounts," says Roseen. "However, after a great September for the market, investors are more likely to come back to big-cap stocks."

Big-cap stocks remain a necessary part of a well-rounded portfolio, he says. While it is perplexing that big-cap stock mutual funds haven't attracted the kind of money you'd think they would have by now, the current scenario may present buying opportunities.