In This Issue: •Only Yesterday: On May 30, the S&P 500 finally recovered all ground lost in the 2000-02 bear market. How do current conditions compare to the previous record close seven years ago? •Intelligencer: Headlines, Highlights, and What's on Our Minds •The Observatory: Selected actions for June 4 through June 8. •Dividends Abroad: Diversification pays, in more ways than one. •Not Your Father's Utility: The once-sleepy sector, known mostly for high dividends, is shaking itself awake. •Concentrating On Utilities •Blowin' In The Wind: Should investors heed this season's storm warnings? •Services Set PetSmart Apart: Pet-pampering promises powerful profit growth. •Industry Momentum Portfolio: This Standard & Poor's portfolio identifies industries with the potential for above-average price performance. Some of the Companies Featured: AES
Allianz
Aqua America
Chunghwa Telecom
Dominion Resources
Enel
Exelon
GlaxoSmithKline
Mirant
Oneok
PPL
Public Service Enterprise Group
Sanofi-Aventis
Telecom Italia
UGI | 
