Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, May 30, 2008

Article Excerpt

ANHEUSER-BUSCH COMPANIES INC. $57.46, New York symbol BUD, rose 10% this week on speculation that Belgian-based InBev NV may launch a $65-a-share takeover offer. InBev is the world’s largest brewer, but has only a small presence in the United States. Buying Anheuser-Busch would instantly give InBev over half of the U.S. beer market. Anheuser-Busch has no controlling stockholder, so a hostile takeover could succeed. Even if InBev decides not to bid, we still like Anheuser-Busch’s long-term prospects. The stock is still a buy. BANK OF AMERICA CORP. $34.01, New York symbol BAC, will increase its ownership in China Construction Bank Corp., China’s second-largest bank, from 8.2% to 10.75%. The $1.9 billion cost is 58% more than the $1.2 billion or $0.23 a share that Bank of America earned in the first quarter of 2008. Bank of America also holds an option to increase its stake in China Construction Bank to just under 20%. China Construction Bank’s stock has gained over 80% since…

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