Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, July 18, 2008

Article Excerpt

ANHEUSER-BUSCH COMPANIES INC. $67.11, New York symbol BUD, has accepted a $70.00-a-share all-cash takeover offer from Belgian brewer InBev NV. The stock is trading for roughly 4% below the offer, which indicates that investors feel a higher bid is unlikely. InBev aims to complete the takeover by the end of this year. Anheuser-Busch stockholders should hang on to their shares, and tender them to get the full $70.00 without paying brokerage fees. WELLS FARGO & CO. $27.86, New York symbol WFC, jumped 30% this week after it reported second-quarter earnings that exceeded consensus forecasts of $0.50 a share. In the three months ended June 30, 2008, earnings per share fell 20.9%, to $0.53 from $0.67 a year earlier. Most of the drop was due to higher loan loss provisions and writedowns. Revenue increased 16.2%, to $11.5 billion from $9.9 billion, thanks to strong gains at its retail banking, credit card and wealth management businesses. The company also raised its quarterly dividend by…