In this Issue:

•The Price of Silence: S&P equity analysts weigh in on quarterly guidance and what investors need to know about it.

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

•The Observatory: Selected actions for June 25 through June 29.

•Rising & Falling Stars

•The Price of Silence

•Relationship Banking: Credit quality and upside earnings surprises: a relation.

•Macy's Navigates Turbulent Waters: Standard & Poor's says the turnaround plan will take longer than expected.

•Sensient Steps In

•Small/Mid-Cap Growth Portfolio: We see significant upside for Citrix Systems.

•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:
ADC Telecommunications
Asbury Automotive
AstraZeneca
Check Point Software
Citrix systems
Goldman Sachs
Constellation Brands
Landstar System
Lennar
Microsoft
National Oilwell Varco
Precision Castparts
Regions Financia
Triumph Group
Walgreen
Warnaco

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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.