currently trades at $48.15. Paige predicts the price will hit $80 over the next 12 months. “Most new oil finds are sour crude, which Valero processes in a more efficient manner. That gives them a unique competitive edge.”
DAWN ALSTON PAIGE
Stock Picks
Company Exchange: Symbol | Price* | 12- to 18-Month Price Target | P/E on Projected 2006 Earnings | Est. 5-Yr. Annual EPS Growth Rate | Why Stock Will Outperform |
Office Depot (NYSE: ODP) | $39.54 | $50 |  40.2 | 1.0% | The new CEO has a successful history of revitalizing companies. |
Amgen Inc. (Nasdaq: AMGN) | $7.22 | $85 | 29.6 | 2.29 | The company’s growth and market share are increasing impressively. |
MEMC Electronic Materials (NYSE: WFR) | $37.95 | $50 | 18.1 | 1.70 | This tech supplier is expanding into the alternative energy industry, concentrating on solar energy |
Fannie Mae (NYSE: FNM) | $54.94 | $70 | n/a | n/a | Investors will appreciate the financial services firm’s reinstated dividend. |
Valero Energy Corp. (NYSE: VLO) | $48.15 | $80 | 7.0 | 7.8 | Valero is the leader in oil refining and they do it inexpensively– lower oil and gas prices are en route. |
* As of Sept. 25, 2006. Source: Dawn Alston Paige, Yahoo! Finance, Etrade.