Hewlett-Packard Co.

Coverage was recently initiated on Hewlett-Packard Co. (HPQ - Analyst Report) to outperform by Wachovia. Consensus earnings estimates are up for both this year and next year over the past two months. Earnings per share are projected to grow 13% over the next 3-5 years for HPQ. The company has a current dividend yield of 0.63%. Read our Sep 21 analysis.

Updates to Previous Growth and Income Zacks Rank Buy Stocks

Steel Dynamics Inc. (STLD) announced on Oct 2 that it is acquiring OmniSource Corp., a metal recycling company, in a deal valued at more than $875 million. According to STLD the deal creates a "significant platform" for its expansion into steel scrap and recycled metals. Read our Aug 31 analysis.

3M Co. (MMM) has agreed to buy Lingualcare Inc., an orthodontic technology and services company. The deal is expected to close in the fourth quarter. MMM also completed its acquisition of Venture Tape Corp., a global provider of pressure sensitive adhesive tapes. The consensus earnings estimate for this year is up one cent to $4.95 over the past 30 days. Profit forecasts for next year have risen two cents to $5.52 over the same period of time. Read our Sep 20 analysis.

Boeing Co. (BA) reported that it delivered 9% more commercial airplanes in the third quarter when compared to the prior-year period. This brings its year-to-date deliveries to 329. The 737 line again led the deliveries, with 81. Read our Aug 23 analysis.

Last Week’s Growth and Income Zacks Rank Buy Stocks

Corn Products International, Inc. (CPO) exceeded analysts’ earnings expectations in four out of the past five quarters by an average margin of 28.4%. In late July, the company reported impressive second-quarter and first-half results. Earnings per share are projected to grow 11% over the next 3-5 years. On Sep 19, the Board of Directors announced a 22% boost in its regular quarterly cash dividend to 11 cents per share. CPO is currently yielding 0.78%. Read the full analysis of CPO.

Endurance Specialty Holdings, Ltd. (ENH) exceeded analysts’ earnings expectations in five out of the last six quarters by an average margin of 30.4%. Consensus earnings estimates for this quarter and for the full year are up over the past week. Earnings per share are projected to grow 12% over the next 3-5 years. On Aug 9, the Board of Directors declared a quarterly cash dividend of 25 cents per share of stock. ENH has a current dividend yield of 2.4%. Read the full analysis of ENH.

The Men's Wearhouse, Inc. (MW) exceeded analysts’ earnings expectations for 16 straight quarters. In addition to posting strong second-quarter results, the company raised its full-year profit outlook to between $2.98 and $3.02 per share. Moreover, MW announced a replenishment of the company's share repurchase program up to $100 million. On Jul 27, the Board of Directors declared a quarterly cash dividend of six cents per share of common stock. MW has a current dividend yield of 0.47%. Read the full analysis of MW.

Baker Hughes Incorporated (BHI) has returned value to shareholders through both share repurchases and dividend payments, with the company currently yielding 0.56%. Consensus earnings estimates are up over the past 30 days. Earnings per share are projected to grow 19% over the next 3-5 years. BHI’s return on equity surpasses that of the industry average—27% compared to 17%. Read the full analysis of BHI.