In This Issue:

•Foreign Exposure Should Pay Off: Rate-related volatility doesn't cancel the global bull case. Look for high-quality U.S. multinationals with exposure to developing markets.
•STARS Status: Changes in S&P analysts' STARS rankings for July 10 through July 14.
•Favored Large-Cap Technology Stocks: In the current unsettled market environment, we think investors should consider larger tech stocks with strong track records. Here are three we recommend.
•Firms with Wide Margins, Decent Share Prices: To help investors navigate this volatile market, we looked for attractively valued stocks of companies with healthy margins.
•Mastering the Master Lists: Here's how to get the most out of The Outlook'slong-term portfolios.
•Master List Stocks Update: Our three supervised Master List groups of stocks, recommended as core holdings for long-term investors, are regularly featured on these two pages. The Small/Mid-Cap Growth Portfolio is highlighted this week.
•Harness Our Quant Power: Standard & Poor's Neural Fair Value 25 Portfolio buys what are deemed undervalued issues with superior return potential.

Some of the Companies Featured:

Alcoa
Apache
Apple Computer
Broadcom
Dycom Industries
Electronic Data Systems
EMC Corp.
International Paper
McClatchy
Microsoft
SBA Communications
Sprint Nextel
St. Jude Medical
Tribune

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