In This Issue:
• Globalization Spreads Its Wings: We believe international diversification allows investors to take advantage of long-term globalization trends.
• In the Limelight
• Market Measures (Chart)
• STARS Status: Changes in S&P analysts' STARS rankings for January 30 through February 3.
• Where We See Strong Growth: Here is a portfolio of our analysts' favorite stocks for 2006 from around the world.
• S&P Global Picks 2006
• Money Floods Foreign Stock Funds: Here is the S&P outlook for international mutual funds, with our recommendations.
• 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 2, highlighted this week, consists of stocks we like for total return.

Some of the Companies Featured:

Altria Group
Bank Of America Corp.
Chevron Corp.
Dr. Reddy's Labs
Nortel Networks
Philippine Long Distance
Zimmer Holdings

S&P Information Products

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S&P Industry Surveys
S&P Industry Stock Reports
The Outlook
Search Engine Survey
Pocket Guides
Power Picks

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