InBev may have to pay as much as $70 a share for Anheuser-Busch. SABMiller could make a run at Femsa, worth about $80.

London-based SABMiller (SAB.UK) could be a winner if a distracted Anheuser allows MillerCoors, a joint venture of Miller and Molson Coors (TAP), to make inroads in the U.S. Fomento Economico Mexicano (FMX) could be the next merger target and fetch as much as 80 a share, almost double its current price of 42 per American depositary receipt.

RCN's stock, which is now trading at less than half its May 2007 high, could rise more than 50% over the next year, and perhaps double in a takeover scenerio.

With sales of Nexavar expected to hit $1 billion next year, one health-care investor looks for earnings of $1.93 a share, pegging the stock as worth $65-$70 a share.

With sales of Nexavar expected to hit $1 billion next year, one health-care investor looks for earnings of $1.93 a share, pegging the stock as worth $65-$70 a share.

High Tech Computer's (2498.TW) valuation is a fraction of Apple's, but its 3G phone is at least as good as the iPhone. One bullish estimate puts HTC's stock upside above 70% in the next year.

The folks at Strategas Research Partners cite another contrarian sign: Since 2000, companies that have been added to the S&P 500 have lost 6.6% on average over the next 12 months, while those removed have gained an average of 21.7%. So what companies have been added of late? Southwestern Energy (SWN), Cameron International (CAM) and Range Resources (RRC), among others. And what's out? Financial and consumer names, like Ambac Financial (ABK) and Circuit City Stores (CC), and companies that were acquired, including Bear Stearns and Tribune.

The folks at Strategas Research Partners cite another contrarian sign: Since 2000, companies that have been added to the S&P 500 have lost 6.6% on average over the next 12 months, while those removed have gained an average of 21.7%. So what companies have been added of late? Southwestern Energy (SWN), Cameron International (CAM) and Range Resources (RRC), among others. And what's out? Financial and consumer names, like Ambac Financial (ABK) and Circuit City Stores (CC), and companies that were acquired, including Bear Stearns and Tribune