In This Issue:

•Bull Market Remains Broad Affair: A Sector Full House

•Intelligencer: Headlines, Highlights, and What's on Our Minds

•The Observatory: Selected actions for May 21 through May 25.

•What Are Your Options: Stock options can be a lucrative company benefit, but there are things to know before you cash in.

•Healthy M&A: Market prescribes a slew of M&A deals for the health care sector.

•Will Medicare Reform Hurt Managed Care Companies?: A big bet on Medicare may leave MCOs vulnerable to cutbacks.

•Bargain Basement Stocks: The S&P 500 may hit a new high, but some stocks are still priced attractively.

•Total Return Portfolio: Given our positive outlook for the integrated oils, we recommend Chevron.

•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:

Altera
Avis Budget Group
Best Buy
Cathay General Bancorp
Covance
Energizer Holdings
Glatfelter
King Pharmaceuticals
Lockheed Martin
Martek Biosciences
NBTY
ResMed
Ruth's Chris Steak House
Vertex Pharmaceuticals
Wachovia

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About Standard & Poor's

Standard & Poor's is one of the world's preeminent providers of credit ratings, and for such globally recognized financial-market indices as the S&P 500®. S&P also provides a wide range of other products and services designed to help individuals and institutions around the world make better-informed financial decisions with greater confidence.