Updating CAMPBELL SOUP CO., BUCKEYE PARTNERS L.P., NEWELL RUBBERMAID INC. and GENUINE PARTS CO.

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CAMPBELL SOUP CO. $33 (New York symbol CPB; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 342.9 million; Market cap: $11.3 billion; Price-to-sales ratio: 1.5; Dividend yield: 3.3%; WSSF Rating: Above Average) expects sales to rise by 2.5% to 3.5% in its current fiscal year, which ends July 31, 2010. That’s less than its earlier prediction of 4% to 5% growth. The weak economy is prompting more consumers to eat at home, and many are choosing cheaper, generic-brand canned soups. Campbell is responding by launching new soup promotions. It is also making its soups with fewer ingredients and less packaging. These moves should lift its fiscal 2010 earnings by around 10%, to $2.43 a share. The stock trades at 13.6 times that estimate. Campbell Soup is a buy. BUCKEYE PARTNERS L.P. $57 (New York symbol BPL; Income Portfolio, Utilities sector; Units outstanding: 51.4 million; Market cap: $2.9 billion; Price-to-sales ratio: 1.7; Dividend yield: 6.6%; WSSF Rating: Average) is considering building a new pipeline that…