In this Issue: •What's Up With Yields: S&P believes the cause for the yield advance is twofold: elevated inflation worries and increased repatriation of foreign investments. •Intelligencer: Headlines, Highlights, and What's on Our Minds •The Observatory •Rising & Falling Stars •IPOs Surge in Europe •Sifting Through Staples No matter how bad - or good - things may be, you'll always find time to eat and bathe. •Recommended Consumer Staple Stocks •Part-D Party for Pharmaceuticals: Second-quarter comparisons will be tough, but we expect solid profit growth ahead. •Safe, But Sound: Diversified portfolios always benefit from a dependable asset. •High-Quality Capital Appreciation: Investors are pouring money into Franklin Resources' funds to capitalize on their international exposure and strong performance. •Top Ten Portfolio: This focused list, launched December 31, 2001, posted a total return of 59.2% from inception through May vs. a gain of 46.9% for the S&P 500. Some of the Companies featured:
Merrill Lynch
Nicor
Principal Financial Group
W&T Offshore
Estee Lauder
Kellogg
Longs Drug Stores
Capital One Financial
Franklin Resources
Linear Technology | 
