In this Issue:
•Neither Cheap nor Dear - We think the market's current valuation is consistent with our projection of modest gains for the year.
• In the Limelight
• STARS Status - Changes in S&P analysts' STARS rankings for August 8 through August 12.
• Questions and Answers - Limit orders vs. market orders, interest-only mortgages, and our stance on energy.
• Energy Bill Could Stoke M&A Among Utilities - We think recent changes to the country's energy policies could encourage increased investment activity in the utility sector.
• Investment Ranking of STARS Issues
• 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. Group 1, highlighted this week, consists mainly of large-cap stocks.
• Stocks to Avoid - Our analysts have "sell" or "strong sell" recommendations on the stocks in the table below.

Some of the Companies Featured:
Capital One Financial Corp.
Cdw Corp.
Church & Dwight
Dentsply International Inc.
Four Seasons Hotels
Linear Technology Corp.
News Corp.
Nrg Energy's
Olin Corp.
Pepsico Inc.
Petco Animal Supplies
Polo Ralph Lauren
Qualcomm
Quixote Corp.
United States Steel
Yahoo Inc.

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