From Barry at Bigpicture.com:

Here’s a short list of only the highest quality, bluest of blue chip, penny stocks:

• AIG (39 cents)
• Citigroup (98 cents)
• E*Trade (66 cents)
• Fannie Mae (39 cents)
• Freddie (39 cents)
• Unisys (37 cents)

Given the trading volumes, you might think these were real firms or something!

Now, for the not-quite-penny stocks:

• Ford ($1.83)
• GM ($1.83)
• Las Vegas Sands ($1.97)
• MGM ($1.99)
• Bank of America ($3.15)
• Xerox ($4.36)
• International Paper ($4.22)
• Alcoa ($5.55)
• Wells Fargo ($7.95)
• New York Times ($4.00)
• News Corp ($6.15)
• GE ($6.75)

It looks like American Express ($10.83) is one of the few double digit stocks .