The best replacement for preferred is common stock.

The best alternatives to preferred are rated as following:
★★★★★  common stock
★★  prefered
★★  common shares
★★  common
★  economy comfort
★  preferred
★  heart of the hide
  non preferred
  desired
  subscriber swtor
  capital one venture
  prefer
  participating preferred
  common stockholders
  gprs preferred
  common stocks
  chase sapphire
  digital starter
  3g only
  citi platinum select
  participating
  trust preferred
  common stock values
  a2000
  preferable
  preferential
  american express platinum
  standard insurance
  a2k
  avis first

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