In This Issue:
• Patience Should Be Rewarded - It may take more time for stocks to strengthen, but we see about an 8% gain for the S&P 500 by yearend.
• In the Limelight
• STARS Status - Changes in S&P analysts' STARS rankings for February 14 through February 18.
• Investment Rankings of STARS Issues
• Media Industry at a Crossroads
• Top executives from various communications companies shared their thoughts about the future at a conference sponsored by The McGraw-Hill Cos., parent of Standard & Poor's.
• Claire's Stores Is Sitting Pretty
• Stocks We View as Undervalued
• Earnings Growth Loses Steam
• 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.
• Economic Growth Helps Packaging Stocks Some of the Companies Featured:
Abercrombie & Fitch
Aqua America Inc.
Arch Capital Group
E*Trade Financial Corp.
Energen Corp.
Invitrogen
Meadwestvaco Corp.
Packaging Corp. Of America
Regency Centers
Sara Lee Corp.
Sealed Air Corp.
Sherwin-Williams Co.
St. Jude Medical
Valueclick Inc.
Verity Inc.
Verizon Communications
Vornado Realty Trust | 
