Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, August 3, 2007

Article Excerpt

DOW JONES & CO. INC. $58.21, New York symbol DJ, plans to merge with News Corp., now that enough members of the Bancroft family, which controls 64% of the company’s votes through Class B multiple voting shares, have agreed to accept News Corp.’s $60.00-a-share takeover offer. The deal should close by the end of the year, assuming stockholders and regulators approve. The shares continue to trade below the News Corp. bid, which suggests the chances of a competing offer are small. Dow Jones is still a hold. THE TUPPERWARE BRANDS CORP. $30.89, New York symbol TUP, earned $0.58 a share in the second quarter of 2007, up 18.4% from $0.49 a year earlier. These figures exclude the positive impact of foreign exchange rates. Revenue grew 12.4%, to $492.9 million from $438.6 million, mainly due to strong growth in North America and Asia. The latest results exceeded earlier profit forecasts of $0.49 a share on sales of $464 million, and the stock jumped by $5…