In This Issue:

•What's an Investor to Do? S&P advises staying the course when markets all decline at once.
•In the Limelight
•STARS Status: Changes in S&P analysts' STARS rankings for June 12 through June 16.
• Dividend Tax Cut to Keep on Giving: We expect dividends to remain strong, and see significant savings for investors over the next two years.
•Favored Low-Risk Energy Stocks: S&P is bullish on the energy sector and thinks investors would do well to consider companies with low risk assessments.
•Options Probe Prompts Flight to Quality: To avoid getting burned by an options timing scandal, we think investors should seek out well-established companies with above-average Quality Rankings.
•Ingersoll-Rand Shows Industrial Strength: We think rising demand for this global company's construction, utility,and security products should translate into strong profit growth.
•Top Ten Portfolio: This focused list, launched in 2001, had a total return of 22.3% from its inception through May vs. a gain of 19.6% for the S&P 500 index.

Some of the Companies Featured:
Alpharma
Apollo Investment
Best Buy
Blount International
Cell Genesys
Domino's Pizza
Enbridge Energy Partners
Entertainment Properties
Garmin
Goldman Sachs
James River Coal
Masco
New York Mortgage
RSA Security
Time Warner
Valero Energy
WPS Resources

S&P Information Products

Browse S&P industry research products by category:

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

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.