Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, August 29, 2008

Article Excerpt

THE BOEING CO. $65.56, New York symbol BA, has asked the U.S. Air Force for more time to prepare a new bid for a major contract to build refueling tanker planes. The company had previously lost this contract to a joint venture formed by Northrop Grumman Corp. and Europe’s Airbus. However, Boeing claimed the Air Force made mistakes in evaluating the original offers, and got it to re-open the bidding. Meanwhile, Boeing’s military operations continue to win new orders, including a $4.3 billion, multi-year contract to build 191 Chinook helicopters for the U.S. Army. To put that in perspective, Boeing’s annual revenue is roughly $67 billion. As well, demand for its new 787 Dreamliner commercial jet remains strong despite production delays. Boeing is a buy. DEL MONTE FOODS CO. $8.52, New York symbol DLM, reported that sales in its first fiscal quarter ended July 27, 2008 rose 15.9%, to $726.2 million from $626.8 million a year earlier. Higher prices plus strong demand…