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LEADERS & SUCCESS / A3

Rachael Ray Cooks Up A Hot Career MANAGING FOR SUCCESS / A6

Why Going Green Is Business-Smart HEALTH & MEDICINE / A8

California Funds Lift Stem Cell Labs INDUSTRY SNAPSHOT / A9

Oil And Gas Exploration Looks Slick ISSUES & INSIGHTS / A16-17

Falling Trade Deficit Isn’t Good News

IBD

MONDAY SPECIAL W W W . I N V E S T O R S . C O M

VOL. 25, NO. 24

IBD’S TOP 10

Hezbollah Overruns West Beirut Shiite fighters loyal to Hezbollah seized largeareasofLebanon’scapitalafteroverwhelming Sunni forces loyal to the pro-U.S. gov’t. Sec’y of State Rice accused Hezbollah, backed by Syria and Iran, of killing civilians duringrunning streetbattles. The fightingfueled fears of all-out sectarian civil war, such as one that engulfed the nation for 15 years.

Citi Shedding $400 Bil Of Assets

4

The ailing banking giant aims to sell more than $400 bil of its assets within 3 years and boost revenue by about 9% a year. Citi lost $15 bil and wrote down assets by over $45 bil from Oct.-March. The planned sales would make Citi about the same size as Bank of America and JPMorgan, whose market caps are higher. Citi fell 3%.

FedEx Warns On Q4 EPS, Again

5

The express shipping firm cut views for a 2nd time, saying fuel costs have risen more than 7% since its March outlook. A weak U.S. economy also has hurt demand. FedEx now sees EPS of $1.45-$1.50, below analyst views of $1.69 and its prior guidance for $1.60-$1.80. FedEx shares fell 3% in afterhours trading after falling 3% in the regular session. Rival UPS also fell.

Stocks Drop On Oil, AIG Results

6

The Dow fell 0.9%, weighed down by AIG’s 9% loss after its disappointing results. The S&P 500 and NYSE composite slid 0.7% while the Nasdaq narrowed its loss to 0.2%. Stocks held up reasonably well as oil prices continued their record ascent. Shares of many energy firms actually fell. Volume easedacross theboard.The 10-yearTreasury yield fell 1 tick to3.77%. More on B7, B8

Obama Picks Up Endorsements

7

Dem candidate Barack Obama won the backing of several superdelegates as well as the 600,000-member American Federal of Gov’t Employees. Hillary Clinton picked up the support of 1 superdelegate. But her 1-time superdelegate lead of 90 is essentially gone, with about 260 undecided. Clinton-friendly W. Virginia votes Tue.

Trade Gap Shrinks On Import Fall

8

TheMarchshortfallshrankalarger-thanexpected 5.7% to $58.2 bil. Imports fell sharply as lower oil import volumes offset record prices. Consumer good imports suffered their biggest year-on-year drop in 6 years. Exports slid 1.7% vs. Feb., the worst in over a year. The trade gap with China fell to a 2-year low. Q1 GDP growth will likely be revised up on the data. See Vital Signs on A2

Wheat, Rice Fall On USDA Data

9

Futures fell after the USDA predicted record global production for both crops this year. Rice rebounded last week as cyclone-hit Burma turns from rice exporter to importer. Soybeans rose 4% as the U.S. foresees lower domestic supplies. Corn futures closed slightly lower despite a USDA forecast of low stockpiles. Futures had been climbing on late spring plantings.

Circuit City Puts Itself On Sale

10

The ailing electronics retailer will let Blockbuster and the struggling videorental chain’s top holder, Carl Icahn, review its books as part of Blockbuster’s $1 bil takeover bid. Icahn is ready to buy Circuit City himself if Blockbuster falters. Circuit City said it’s exploring strategic options. It also ended a proxy battle by agreeing to changes in its board. Shares rose 6%.

1,042 -94 (-8.3%)

Stocks decline as oil prices push higher

Index falls on AIG’s record loss, charge

One of quietest weeks of trading this year

NASDAQ

NASDAQ VOL. (MIL)

10-YEAR T-NOTE

2445.52 -5.72 (-0.2%)

1,643 -322 (-16.4%)

3.77% -0.01 (-0.3%)

Earnings reports help tech-heavy index

Inter Parfum, T3 sink in heavy trade

Investors turn toward safe-haven securities

DOLLAR-YEN (N.Y.)

EURO

CRB FUTURES

102.83 -0.91 (-0.9%)

1.5479 +0.0076 (+0.5%)

427.48 +5.34 (+1.3%)

Greenback falls as investors avoid risk

AIG’s news stirs up further credit fears

Oil rises, bellies sizzle; copper takes a hit

C

MONDAY, MAY 12, 2008 $2.50

Top Rate 52% Under Obama

2

3

NYSE VOL. (MIL)

12,745.88 -120.90 (-0.9%)

Presidential Rivals Offer Big Contrast: Trim Or Hike Taxes

1

Crude soared to $126.23 intraday on fears about diesel supplies, Venezuela tension, heavy fund buying and a weaker dollar. June crude settled up $2.27 to $125.96 a barrel — surging $9.64 for the week. Natural gas futures spiked to $11.56 per mil Btu intraday, their highest point since Dec. ’05. Gasoline and heating oil futures also spiked to highs, with prices at the pump at fresh peaks.

The military seized U.N. food sent to aid the more than 1 mil victims of a devastating cyclone, frustrating foreign aid workers striving to help the needy. “I’m furious,” U.N. official Tony Banbury said. Deaths topped at least 22,000. The few disaster teams let in said bodies litter the region, food and shelter are scarce and gov’t aid absent.

DOW JONES IND.

1388.28 -9.40 (-0.7%)

WHERE THEY STAND

Crude Marches On, Tops $126

Burma Stymies Int’l Relief Efforts

S&P 500 INDEX

McCain wants Bush cuts and more; his rival would scrap investment breaks BY JED GRAHAM INVESTOR'S BUSINESS DAILY

RUSSIAN T-90 TANKS roll through Red Square during a Victory Day parade in Moscow on Friday. Missiles and otherheavyweaponrywereondisplayforthefirsttimesincethefalloftheSovietUnion.Inaspeechcommemoratingthevictory overNazi Germany,newPresidentDmitry Medvedevwarned against“irresponsibleambitions.”

Machinery Firms Enjoy Growth On Overseas Demand, New Gear Sluggish U.S. economy hasn’t slowed sector, as shares hit new highs

It’s A Machine Industrial machinery stocks rise on overseas demand and new products 40%

BY VANCE CARIAGA INVESTOR'S BUSINESS DAILY

Much has been made of the impact foreign markets have on U.S.-based machinerymanufacturers, and with good reason. Without overseasbusiness — particularly from high-growth markets like China, India and Brazil — U.S. manufacturers would be stuck selling to a domestic market that’s not in much of a mood to buy. As it stands, many top manufacturers of machine parts and systems have seen business spike even as the U.S. stalls. Wall Street has taken note, sending the 41 stocks in IBD’s industrial machinery group to a record high May 7. “The North American market has been soft, but the international markets are very robust,” said Eli Lustgarten, senior vice president at Longbow Research. “And you can expectpretty good numbersinternationally at least through the fourth quarter.” But while foreign business is the main growth driver, manufacturers also deserve credit for adopting technologies that have created a

CONTENTS Amex Tables .............B15 Big Pictures .................B7 Commodity Futures .B16 Company Index ..........A2 Credit Market ............B17 Dividends News...........B3 Earnings News ............B7 Economic News...........A2 Editorials ..................A16 Exchange Traded Funds A13 Funds & Finance ......A10 General Market............B8 Health & Medicine ......A8 IBD 100 .........................B1 Industry Groups...........B8 Industry Snapshot ......A9 Internet & Technology A4 Investor Education....A14

Investor’s Corner.......A14 Issues & Insights ......A16 Leaders & Success .....A3 Low Price Stocks .......B15 Managing For Success A6 Nasdaq Charts ...........B15 New America ...............A7 New Highs & Lows ......B8 New Issues ...............B13 NYSE Charts...............B10 Option Tables ...........A15 Research Tables ..........B9 To The Point ................A2 Week In Review .........B2 World News Briefs .....A2 ADVERTISING Nat’l Bus. Marktplce ..B11

E2008 Investor’s Business Daily Inc.

Change from 5/1/07 Industrial machinery group

20 0

-20

S&P 500

MJ J A S O N D J F MAM ’07 ’08

whole new generation of products tosell, analysts say. “Industrials are the new tech,” saidAlexanderBlanton,seniorvice president at New York-based investmentfirmIngalls&Snyder.“Informationtechnologyisincreasinglyusedtocontrol,operateandmaintain these machines. You’re seeing new diagnostic systems, location systems, navigation systems.”

High Tech, High Savings Blanton cites Parker-Hannifin, which is working on a hydraulic system that uses the energy from braking systems to move trucks without using the engine. It’s expected to cut energy use by half. The systems would be used mainly by garbage and delivery trucks. FedEx, UPS and Waste Management have been evaluating them. “FedEx believes the new drivetrain technology could save hundreds of millions of dollars a year in fuel,” Blanton said. “They’re targeting2010 for (their) first production model.” Most industrials have made similar strides, using R&D and buyouts to create new and better gear. “It makes the old machines economically obsolete, so that is a big incentive for customers to buy the new machines,” Blanton said.

Steady As She Goes Financially, you won’t find a lot of highfliers in the machinery group. But you will see plenty of double-digit revenue growth. Parker-Hannifin — the largest with about $12 billion in annual sales — has grown the top line in double digits in all but one quarter over the past three years.

Fiscal third-quarter profit rose 25% as sales grew 14%, the company said April 22. Both were above analyst views. Shares gapped 5% higher that day. They rose to a 5-month high of 83.59 on Friday. In a May 6 report, Citigroup analyst David Raso said one of ParkerHannifin’s strengths is its ability to maintain robust margins both in theU.S. and abroad. The ailing U.S. economy hasn’t been a huge drag, either, because the weak dollar still makes the U.S. a “low-cost country for exports,” Raso noted. “A European slowdown and less year-over-year benefit from a weak U.S. dollar will begin to dampen Parker’s ability to surprise to the upside, but for now our fieldwork says consensus can still be beat,” he wrote. Parker got about 40% of its business from outside North America last year. Other top players such as Ingersoll-Rand, Dover and Idex enjoy similar percentages. Dover, which focuses in defense andaerospace systems, has seen its stock rise 54% from its Jan 22 low. Shares of Ingersoll, which makes climate-control and other gear, are up 23% over the same period. Idex gets a large chunk of sales from fluid/metering systems. Its stock has gained 42% since hitting a near three-year low on Feb. 5. Foster-Wheeler, which makes gear for the oil/gas, power generation and chemical industries, gets mostofitssales fromoutside North America.SodoesFlowserve,maker of engineered pumps and valves. Flowserve shares surged 8% to a record close of 124.15 on April 29. A day earlier it said first-quarter profit shot up 159% to $1.53 a share, well above analyst views for 94 cents. Flowserve got more than 60% of 2007 sales from outside North America. Industry watchers figure there’s plenty of room for growth as overseas markets continue to build out infrastructure. “There’s very large demand for infrastructure, which has a double benefit,” Blanton said. “It creates demand for machinery for construction projects, and it creates demand for machines to extract raw materials.”

If they get the chance, John McCain and Barack Obama both want to aggressively push the envelope of U.S. tax policy — but in opposite directions. McCain would supercharge the pro-growth tax policies of President Bush with a big corporate tax cut to boost U.S. competitiveness. Obama wants to roll back investment incentives and raise top marginal tax rates for new government spending and to redistribute wealth to the middle class. Under McCain, taxes as a share of the economy could fall near their low point in the modern era. Under Obama, the top tax rate on work income could reach levels not seen in decades. Of course, any policy needs the backing of Congress — which would be far more likely under an Obama administration. If Democrats retain and expand control of both houses, as expected, Obama will be on offense. McCain, like Bush now, may have to spend more time on defense than on advancing his own agenda. That’s especially the case because all of the Bush tax cuts that McCain hopes to preserve are set to expire at the end of 2010.

Business-Tax Divide Both Obama and McCain would use tax policy to address the challengeof globalization. But their solutions offer a sharp contrast. McCain wants to improve the incentives for any business to expand in the U.S.; Obama would limit incentives to a select group. Obama has embraced the Patriot Employer Act, which would give a 1% tax credit to U.S.-based firms that grow their U.S. work force in relation to their offshore staff. McCain prefers a broad-based approach. He’d slash the corporate income-tax rate to 25% from 35%. That would cut tax revenues by roughly $100 billion a year. “High tax rates are driving many businesses and jobs overseas — and,of course,our foreign competitors wouldn’t mind if we kept it that way,” McCain said last month at Carnegie Mellon University in Pittsburgh. “But if I am elected president, we’re going to get rid of that drag on growth and job creation.” Obama’s view of tax policy is informed by his work as a community organizer in Chicago, where he responded to steel plant layoffs. In a Wisconsin speech in February, Obama said that the offshoringof jobs, stagnant wages anddisappearing benefits had helped fuel “the cost crisis facing the middle class and the working poor.” “We have to give them a way out by cutting costs, putting more

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money in their pockets and rebuilding a safety net that’s become badly frayed over the last decades,” he said in his speech. Obama would provide a payrolltax rebate of up to $500 per person, costing $70 billion a year. He’d also eliminate taxes for seniors earning less than $50,000. His grab bag also includes a $4,000 tax credit for college tuition and a tax credit of up to $500 to promote saving among families earning less than $75,000. A drawback of Obama’s “scattershot” approach is that “it further complicates an already complicat-

Stark Choice On Taxes Presidential candidates’ proposals Obama Tax credit of up to $500 per person, offsetting payroll taxes on the first $8,100 of earnings, saving taxpayers $70 billion a year Eliminate taxes for seniors making less than $50,000 Provide $4,000 refundable tax credit for college tuition Provide tax credit of up to $500 to promote savings among families earning less than $75,000 Provide 10% mortgage interest credit for those who don’t itemize their taxes Reverse Bush marginal rate cuts for high earners, helping to fund a $65 billion annual expansion of health care coverage Reverse Bush tax cuts on capital gains and dividend income Apply 12.4% payroll tax on income above Social Security’s income cap of $102,000, perhaps excluding wages below $200,000 McCain Cut corporate income-tax rate to 25% from 35%, reducing federal revenue by $100 billion per year Let business deduct 100% cost of equipment purchases in first year Double child tax deduction to $7,000, saving taxpayers $65 billion a year Abolish alternative minimum tax Preserve all Bush tax cuts End tax exclusion for work-related health care benefits. Use savings to finance $5,000-per-family tax credit to buy insurance Let taxpayers choose between the current tax code and a simplified system

ed tax code,” said Roberton Williams, a research associate at the liberal Urban-Brookings Tax Policy Center. Obama says he’d offset the $85 billion cost of these and other breaks by raising tax rates on capital gains and dividends, closing corporate loopholes and cracking down on international tax havens. In addition, Obama would finance a $65-billion-a-year expansion of health care coverage by reversing the Bush tax cuts for those making more than $250,000. Obama also would partially address Social Security’s looming shortfalls by applying the 12.4% payroll tax above the current income cap of $102,000, perhaps starting at $200,000. All told, Obama’s tax hikes would lift the top marginal rate on work income from 35% to 52%, assuming employers would merely pass on their share of the payrollSEE TAXES ON A2


A2

MONDAY, MAY 12, 2008

INVESTORS.COM

U.S. trade balance

U.S. Trade Deficit Shrinks The deficit shrank 5.7% in March as imports plunged by a record $6.1 bil despite record oil prices. The trade gap ex oil shrank 3%. Exports fell from Feb.’s record high as the global economy slowed. But a spike in shipments to China narrowed the politically sensitive trade deficit to a 2-year low. Sources: National Federation of Independent Business, Datastream

-$20 In billions -30 -40 -50 -60 -70 -80 ’01 ’02 ’03

March: -$58.21

’04

’05

’06

’07

’08

Imports

Exports

20% Annual change Total imports 15 10 5 0 Consumer goods imports ex autos -5 J F M A M J J A S O N D J F M ’07 ’08

25% Annual change

Trade deficit with China

March: 15.5%

In billions

-$10

20

March: -$16.1 bil

-15

15

-20

10 -25

5

-30 ’06

J F M A M J J A S O N D J F M ’07 ’08

’07

’08

TO THE POINT BUSINESS BRIEFS TECHNOLOGY

ENERGY

Apple settles faulty adapter claims Exxon pressed to split top jobs The maker of the iPod, iPhone and Mac computer plans to give $25-$79 refunds to settle lawsuits claiming some of the company’s power adapters tended to spark. Apple customers who bought certain PowerBook laptop adapters and iBook replacement adapters are eligible for the payments. After Apple recalled about 570,000 adapters in ’01, a class action was filed in ’06 claiming the company misrepresented the problems. Shares slipped 0.9% to 183.45.

Amazon could face Texas taxes The state may seek millions of dollars in sales taxes from the online retailer. Amazon.com runs a distribution center in Irving, Texas, and states can collect sales taxes from out-of-state retailers that have a physical presence in their state. The Dallas Morning News said Texas officials have questioned Amazon as to why it didn’t charge sales taxes on Texas customers. State regulators are launching an investigation. The question arose after Amazon sued the state of N.Y. last month over sales taxes. Amazon dipped 0.5% to 72.41.

Gates: Microsoft still shopping Thesoftware giant will be able to expand its advertising and Internet search business despite failing to reach a deal to acquire Yahoo, Microsoft Chairman Bill Gates said during a meeting with business leaders in Indonesia. Microsoft will continue to pursue acquisitions, he said, but declined to offer specifics. Published reports said Microsoft has approached social networking site Facebook about a possible buyout. Microsoft rose 0.4% to 29.39. 00 Microsoft said it has appealed a $1.39 bil fine imposed in Feb. by the European Commission for its failure to comply with an ’04 antitrust order. In all, Microsoft has been fined just under $2.63 bil by European regulators over the years.

Aussies blast eBay’s PayPal rule The online auctioneer is mulling requiring customers to use its online payment service PayPal, as it will require next month for any purchases made from Australia. EBay’s rule change has angered Australians users and prompted antitrust scrutiny. EBay says PayPal will allow it to stop fraud more efficiently than outside payment services, but critics say PayPal is costlier than other services. EBay fell 0.7% to 30.

An influential advisory group backed calls for Exxon to separate the roles of chairman and CEO, currently held by Rex Tillerson. The push is being led by the Rockefeller family, leading Exxon shareholders, who criticized Tillerson for not pursuing alternative energy options. The RiskMetrics Group, which advises some of the nation’s largest institutions, supported the move, which would weaken Tillerson’s control. Investors will vote May 28. Exxon fell 1.2% to 88.82. 00 Drip-Quip, a maker of offshore drilling equipment, said it authorized a buyback of up to $100 mil. Also, its Q1 EPS rose, but missed views. It expects Q2 EPS to miss views. It fell 2.3% to 59.54. 00 Chevron, the No. 2 U.S. oil giant, said about 1,100 employees of the company were eligible for severance payments at the end of Q1, confirming the company’s cutting jobs to curb expenses. It dipped 5 cents to 97.39. 00 Westar Energy, a Kan.-based electric utility, said its Q1 EPS fell 32.4% to 23 cents ex items, missing views by 8 cents. Revenue climbed 9.9% to $406.8 mil, above views. It edged up 0.4% to 23.52.

METALS Steel Dynamics falls on buyout The steel maker declined 4.6% to 34.49 after UBS said its deal to buy scrap metal recycling firm Recycle South for $370 mil is too expensive and contended it’s taking on too much debt. A Steel Dynamics unit, which owns a 25% stake in Recycle South, agreed to acquire the remaining 85% for cash and stock. It will also take on $135 mil in debt. UBS said the deal is “slightly dilutive” and will leave the company with a high debt-to-capital ratio.

ArcelorMittal sues over failed deal The world’s largest steel maker filed a lawsuit against peer Esmark, alleging it improperly backed out of an agreement to buy a steel mill near Baltimore for $1.35 bil. ArcelorMittal was ordered to sell the plant to resolve antitrust issues. It later reached a deal to sell the plant to Russian steel maker OAO Severstal for $810 mil. Esmark called the suit frivolous and accused ArcelorMittal of failing to meet various conditions to close the deal. ArcelorMittal and Esmark each fell 1.5%.

Obama Aims To Reroute Income TAXES FROM A1

tax hike in the form of lower wages. Hillary Clinton, still battling for the Democratic nomination, has attacked her rival’s Social Security proposal as “a trillion-dollar tax hike on the middle class.” Alan Viard, a resident scholar at the conservative American Enterprise Institute, thinks Obama’s redistributive tax policy could hurt those it is intended to help. “Wheninvestmentisimpeded,productivity is lower and wage growth islower,” Viardsaid.“Partoftheburden ends up hitting the middle class inthe form of lower wages.” Williams argues that Obama’s tax hikeswouldn’tbebigenoughtohave a severe impact on the economy. McCain’s agenda appears to follow Bush’s 2001 strategy of combining pro-growth tax cuts with socially motivated relief, Viard says. In addition to cutting business taxes, McCain would double the child tax deduction to $7,000. That would save taxpayers $65 billion a year. “Combining the growth and the social relief makes the tax pack-

age much bigger,” Viard says. McCain also favors scrapping the alternative minimum tax. Created to target the wealthy, it increasingly threatens the middle class. The Arizona senator says taxpayers would be given the choice between using the current tax code or a simplified system. His campaign says he’d pay for tax cutsbyendingearmarksfor lawmakers’ pet projects and cutting other spending, including entitlements. Viard doesn’t think the numbers add up for either McCain’s or Obama’s plan. Urban Institute calculations forfiscal 2012 show that McCain is calling for $300 billion more in tax cuts than Bush did. Some could see their effective tax rates rise under McCain. He would provide families a $5,000 refundable tax credit to buy health insurance. He’d pay for this credit by ending the exclusion of work-related health care benefits from taxation. For those with gold-plated health care plans, “the tax credit will not be enough to offset the additional taxes they’ll pay,” Williams said.

BORIS JOHNSON, London’s first-ever Conservative mayor, meets with New York Mayor Michael Bloomberg in London on Friday. Johnson hailed a “new era of cooperation” as the leaders preparedto meet over policies relating to transportation, education, policing and the environment. AP

TELECOM

MARKETS Four of the 5 best-performing industry groups last week were boosted by higher oil prices. By contrast, airlines suffered the most Oil & Gas - Canadian Integrated group index 2400

2200 2000 1800

Research in Motion, the maker of smart phones, rose 1.2% to 132.77 after JPMorgan boosted its ’10 EPS forecast to $5.02 from $4.83, above consensus views of $5, and Canaccord Adams raised its price target $10 to $200 a share. UBS reiterated its buy rating and said the introduction of four new BlackBerry models will broaden its market penetration and fuel growth.

Leap benefits from new customers Sep

Jan ’08

May

% chg vs. % chg 5 days ago YTD

Industry group Best

Oil&Gas-Cdn Integrated Oil&Gas-U S Expl&Prod Energy-Other Oil&Gas-Machinery/Equip Metal Ores-Gold/Silver

10.0 % 8.1 6.9 6.8 6.6

10.2 % 29.1 5.1 4.5 -3.5

Worst

Transportation-Airline Medical-Generic Drugs Insurance-Life Machinery-Mtl Hdlg/Autmn Retail-Department Stores

NATION

U.S.’08 growth seen below 1%

Block to mad cow tests sought

The world’s largest economy will grow by less than a percent this year due to falling consumer sentiment, according to the Reuters/University of Michigan Surveys of Consumers. The U. Mich. confidence gauge hit a 26-year low in April. Consumers tend to believe the economy is in a recession when growth is near zero, said Richard Curtin, director of the survey. But economists are rethinking their recession forecasts in the face of resilient U.S. data.

TheBushadministrationurgedafederal appeals court to overturn a law requiring meatpackersto test all animals for mad cow disease. Now, less than 1% of slaughtered cows are tested, under USDA guidelines. The administration argues that more testing doesn’t guarantee food safety and could result in more false positives that would scare consumers.

Continuing To Rebound ECRI leading U.S. index’s annualized growth rate 8%

4

BlackBerry boosted by outlooks

Energy Rules The Week

1600 May ’07

ECONOMY

-10.0 % -34.6 % -9.1 -8.8 -6.9 -4.7 -6.9 -4.8 -6.6 -6.5

MEDIA Clear Channel sees radio ads dip The outdoor advertising and radio giant said Q1 EPS fell 5% to 19 cents ex items, missing forecasts by 2 cents. Revenue grew 4% to $1.56 bil, below estimates. Clear Channel Communications said it was hurt by a 4% decline in radio advertising, although that was somewhat offset by a 12% rise in outdoor advertising. It struck a deal in ’06 with buyout firms Thomas H. Lee Partners and Bain Capital to be taken private, but the deal has been dogged by challenges. The company said revenue is on track to decline 2.7% in Q2 and 1.2% in ’08. Shares rose 0.5% to 30.

The low-cost wireless carrier said it lost 27cents a share including charges, down from 36 cents last year. Analysts were expecting a 2-cent loss excluding charges Revenue grew 19% to $468.4 mil, beating forecasts. Leap Wireless was helped by its net addition of 230,000 customers, which easily exceeded expectations. Some analysts called the subscription gains impressive. Shares surged 8.7% to 54.48.

DEFENSE Alliant Tech will take Q4 charge The U.S. maker of munitions and rocket components plans to take a $3.9 mil, or 11 cents a share, charge in Q4 for expenses related to its blocked acquisition of Canadabased aerospace firm. The Canadian gov’t blocked the $1.3 bil takeover of the country’s leading space technology firm — a unit of MacDonald, Dettwiler and Associates — citing national security concerns. Alliant Techsystems’ purchase was formally axed by the gov’t Fri., onemonth after it raised its objections. It’s the first time Canada has rejected a foreign corporate takeover. Alliant slid 1% to 111. 00 Northrop Grumman won a $50 mil Air Force contract to work on its intercontinental ballistic missile fleet. It dipped 0.4% to 74.38.

TRENDS & INNOVATIONS Policing of video games improves U.S. retailers are getting better at blocking underage teens from buying M-rated video games, says an FTC survey using undercover 13- to 16-year-old shoppers. Just 20% of the undercover teens were able to buy M-rated games, vs. 42% in ’06. Retailer GameStop was the best at blocking underage sales of video games, stopping 94% of them. Lessdiligent retailers included Hollywood Video, which blocked 60%. The FTC found that retailers made some gains in controlling sales of CDs with a parental advisory label and R-rated DVDs, but it said roughly half of undercover shoppers were able to buy those restricted items.

Startup touts homemade biofuel An ethanol maker the size of a washing machine lets users make biofuel at home. E-Fuel, a startup in Los Gatos, Calif., created MicroFueler, a device that combines sugar, ethanol, yeast and water to make ethanol. Ten to 14 pounds of sugar is needed for 1 gallon of ethanol. Users also can utilize discarded beer. A regular gas pump is attached to the device, which costs $9,995, and the fuel is good for any gasoline car.

00 Serious airline accidents increased last year, rising to 100 worldwide vs. 77 in ’06, the first rise in a decade. The uptick was attributed to crashes in Brazil, Africa and Southeast Asia. Still, the rate of serious accidents remains low, with 0.75 crashes per 1 mil flights last year vs. 0.65 in ’06, the Int’l Air Transport Association said. 00 Sharks can be repelled by electric fields produced by small metal disks, say National Oceanographic and Atmospheric Association scientists. The scientists found disks of a rare metal alloy interact with seawater and create electric fields that the sharks sense and avoid. Researchers said the metal disks could be attached to commercial fishing nets to keep endangered sharks from getting inadvertently caught. 00 American women are increasingly feeling “green guilt” compared with men, a new survey showed. 26% of women feel they should have recycled more, and the figure increased 18 percentage points from a year ago. Men felt less guilty this year — 17% vs. last year’s 18%. Almost 20% of surveyed people said they would recycle more if they had a child.

TIP OF THE DAY: New to IBD? Get a twoor four-week free subscription. Enjoy access to stock charts, unbiased ratings and more. Go to investors.com/tip

Week ended May 2: -8.0%

0 -4

Plame seeks to resurrect lawsuit Ex-CIA operative Valerie Plame aimsto revive a suit vs. White House officials she says illegally leaked her identity. A federal judge dismissed her suit last year. VP Dick Cheney aide Lewis Libby was convicted of perjury in the case; President Bush commuted his prison term.

WORLD U.S. denies al-Qaida leader arrest

-8 -12 May ’07

Sep

Jan ’08

May

Source: Economic Cycle Research Institute

00 The Canadian trade surplus

rose to $5.48 bil in March, above expectations and the highest since May ’07, due to rising prices for oil and nat’l gas exports. The country added 19,200 jobs in April, but its jobless rate rose to 6.1% in March, the highest in a year. 00 French industrial output fell by 0.8% in March, much worse than expected, after Feb.’s revised 0.5% gain. It’s the latest sign of slowing in the euro zone’s No. 2 economy.

China factories face higher prices China’s producer inflation hit a 3-year peak, edging up to 8.1% in April vs. 8% the month before as food, energy and raw material costs rose at a double-digit pace. The reading actually was slightly below views, but shows a sustained buildup in price pressures that could keep consumer inflation high. Vice Premier Wang Qishan said inflation remained China’s biggest economic problem and reaffirmed that the gov’t would adhere to a tight monetary policy.

The U.S. denied an Iraqi report that Abu Ayyub al-Masri, leader of alQaida in Iraq, had been caught, saying the confusion arose after a man with a similar name was arrested in the northern city of Mosul by Iraqi police. The Iraqi Defense Ministry said the local commander was convinced he had arrested the terrorist.

BOLIVIA: Pres. Evo Morales agreed to stand for election in a nationwide recall vote, gambling that Bolivians will re-elect him after just 2 years in office and shore up support for his pending reforms.

ISRAEL: Ehud Olmert’s opponents demanded his resignation after the Israeli PM admitted that he had for years accepted cash from a U.S. businessman. Olmert called the money campaign donations, but critics said they were bribes. ISRAEL: Palestinian militants fired 4 mortar shells at Israel from the Gaza Strip, killing an Israeli man and wounding 3 other people, police and rescue officials said.

ISRAEL: Thousands of Arab Israelis rallied to commemorate “Naqba,” Arabic for the catastrophe they say occurred when Israel was created.

COMPANY INDEX

COMING UP TUESDAY 00 Import and export prices for

April, 8:30 a.m. EDT. 00 Retail sales for April, 8:30 a.m. EDT (forecast: 0%, ex auto 0.2%).

RETAIL Sotheby’s misses on lower margin The auction company said it swung to a Q1 loss of 19 cents a share, missing views by 29 cents. Revenue fell 12% to $129.3 mil, below views. Sotheby’s said it was forced to lower commissions in order to secure consignments. A 10% increase in expenses also undermined earnings. It said it will increase its prices effective June 1. It fell 9.3% to 24.91.

IN BRIEF Superior Industries, an aluminum wheel maker, reported Q1 EPS of 12 cents, beating views by 3 cents. Revenue fell 9% to $222 mil. Shares surged 10.3% to 21.78.

Sonic, the drive-in restaurant operator, cut its ’08 EPS guidance to 9%-12% growth, down from 15%-17% growth, implying earnings of $1.05-$1.07 a share, below views of $1.11. It fell 9.7% to 19.99.

Agrium ..........................B2 American Express.........A4 American Intl Grp B7, B9 Apple Inc ......................B2 Applied Biosys .............A8 AstraZeneca .................A8 Atwood Oceanics ..........B2 Banco Bradesco ...........B11 Banco Itau Hldg ...........B11 Boeing ..........................A4 BP PLC ................A6, A9 C F Industries Hldgs ....B2 Cameron Intl ........A7, B9 Charles River Labs .......A8 Chevron Corp ...............A9 Citigroup .......................B7 CNOOC ..........................A9 Compn Sidergic .........A14 Concur Tech .................A4 ConocoPhillips .............A9 Costco Wholesale ........B11 Covance ........................A8 Dril Quip .......................B9 Energy Conv Device......A5 EOG Resources ............B10 Exxon Mobil .................A9 First Solar Inc ...............A5 Fluor ............................B11 FMC ................................B7 FMC TechnologiesB7, B9 General Dynamics .......A4 General Electric ............A6 General Motors ............A6 Glaxo Smith Kline.........A8 Halliburton ...................A9

Harvest Nat Res............A9 Hess Corp .....................B2 Human Genome Sci......A8 IBM .....................A4, A6 Icon PLC ........................A8 Invitrogen .....................A8 ITT Corp ........................B9 McDonalds ....................A6 Merck ............................A8 Natl Oilwell VarcoA7, B7 New Orientl Edu&Tec....B2 Nexen ...........................A9 Northrop Grumman .....A4 Occidentl Petroleum.....A9 Open Text ...................B15 Oracle ...........................A4 Parker–Hannifn ..........B11 Pfizer ............................A8 Pharmaceut Pdt Dev ...A8 Priceline.com ...............B7 Real Goods Solr.............A7 Roche Holding Ltd .......A8 Royal Dutch Shell ........A9 Sanofi Aventis ..............A8 Schering Plough ..........A8 Schlumberger ..............A9 Swift Energy ..................B7 T–3 Energy Svcs............A7 Teva Pharm Adr ...........A8 Thermo Fisher Sci.........A8 Total SA .......................B11 Toyota Motor ................A6 Transocean Inc .............B7 Unibanco .....................B11 United Technologies.....A5 Wal–Mart ....................B11

Huntsman, a chemical maker, said Q1 EPS fell 71% to 7 cents ex items, missing views by 15 cents. Revenue grew 13% to $2.54 bil, above views. Shares slid 2.5% to 22.65.

Boeing, the aerospace giant, has begun contract talks with the Int’l Association of Machinists and Aerospace Workers, which represents 26,000 employees. Their labor contract expires Sept. 4. It slipped 0.8% to 84.06.

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INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

A3

LEADERS & SUCCESS IBD’S 10 SECRETS TO SUCCESS Investor’s Business Daily has spent years analyzing leaders and successful people in all walks of life. Most have 10 traits that, when combined, can turn dreams into reality. Each day, we highlight one.

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Food Fans Flock To Rachael Ray Sizzle: Her enthusiasm leads to a hot career on TV and with her books

LEARN TO ANALYZE DETAILS: Get all the facts, all the input. Learn from your mistakes. BY PATRICK CAIN

Make It All Shine Online Thanks to the Internet, your life can be an open book. Make sure it’s a good one. Some facts about how the Web affects your career. 00 Equal opportunity threat. Corporations and colleges routinely scour the Internet for inside peeks at applicants. A lascivious party photo or a post raging against a previous employer can kill your chances. Those examples just scratch the surface, says Michael Fertik, CEO of ReputationDefender.com. His company finds and removes unflattering digital content for clients. “It’s definitely not limited to college kids, but they are the vanguard of the problem,” Fertik told IBD. “Our business has grown in our adult market. It’s the new credit report — it’s a reputation report.” 00 Think long term. Once something is posted on the Internet, it can stick around indefinitely. “Think of the Web as a tattoo parlor,” Fertik said. If you don’t want to live with it forever — or go through the trouble of removing it — don’t post it. 00 It’s not you. It’s your friends. A fishing buddy who posts a photo of you enjoying an inebriated weekend means no harm, but the human resources manager reviewing your resume won’t be amused. “Half of the stuff on the Internet that we have to clean up is stuff that other people put up,” Fertik said. “It’s stuff that is not superdangerous and not superconsequential until it gets out of Facebook or MySpace.” 00 Question safeguards. Don’t be lulled into thinking you can keep your social networking content

6

under password lock and key. “The privacy controls that people think they have on MySpace and Facebook do not work,” Fertik said. 00 Heed the dark side. A snapshot of two young women laughing is innocent enough, until it’s snatched up by an unseemly site. A photo of one of Fertik’s clients turned up on a Web page of drunken college girls. 00 Remove bad reviews. Maybe you got into a heated discussion on a blog and someone called you some choice words. It doesn’t matter if the other person’s assessment of you is wrong; an impression has been made. “You have to get on top of what’s being said about you,” Fertik said. 00 Police yourself. When 20-somethings complain about being passed over for promotions, “No More Ramen” author Nicholas Aretakis tells them to cut back on Internet distractions — instant messages, entertaining Web sites, blogs — while on the job. Employers track your online habits. On top of that, surfing at work eats up precious time. Pre-Internet, “when you got bored at work, you asked for more work,” Aretakis said, and that’s what got you ahead. 00 Turn the tables. A positive spin on Internet transparency is the site Careertours.com, where employers post videos of employees in actual work situations to show potential applicants what it’s like to work there. “You get a much better feeling for if this is the job you want,” Aretakis said. You can dig deeper by scouring Internet blogs for blemishes on a company’s online reputation. Sonja Carberry

INVESTOR'S BUSINESS DAILY

Rachael Ray’s idea seemed cooked. Yet it turned into a gourmet move. As a food buyer for a grocery in Albany, N.Y., she made a promise that couldn’t possibly pan out. It was Christmas 1998, and she gave the store’s customers gift certificates for cooking classes. She thought that if they knew how to make great food fast, they would buy more groceries. Customers loved the idea, but she couldn’t get local chefs to teach the classesat the price her boss was willing to pay the cooks. Nearing defeat, Ray heard from theboss: She was the one. She was already making pre-made meals for the store, but she wasn’t a trained chef. Didn’t matter. The boss said she should teach the classes. So began “30 Minute Meals” that Ray used to launch an empire. Today Rachael Ray and her smile are blazoned across TV shows, magazines, books, cookware and a notfor-profit outfit, Yum-O, that aims to help malnourished families. It all added up to $16 million in pay for Ray last year, says Forbes magazine. Ray, despite teaching millions how to make good food quickly, is still not a chef. She’s simply an enthusiastic food fan. “Oprah told me a few pieces of advice when we sat down together,” she told IBD, regarding one of her multiple sit-downs with TV queen Oprah Winfrey. “The first piece was literally the day I met her, and that was be true to yourself and stay true to yourself.” From the moment she came close to stardom, Ray has been forthcoming. When TV’s Food Network approached her in 2001 about taking her local news segment “30 Minute Meals” national, she didn’t jump. She wanted to make sure the cable

station knew what she was about. “When I firstheard from Food Network, I told them I was a beer in a bottle and they are champagne in a flute,” she said. She still stands by that assessment. “I’m the everyperson. I’m very klutzy. I’m not a trained chef. I’m not a five-star traveler,” she said. “I am a decent representative of what anybody could achieve in a kitchen or in their travels. “Anything I’ve been involved in has been successful because I don’t stand out. Everything we produce on television, in the magazine and certainly the cookbooks have the common factor of accessibility — anyone can do it.” Ray, 39, learned to cook from her mother and grandparents. She understands the importance of making delicious food fast, and her brand embodies that. Ray sells more than recipes. She gives consumers more time with their families and to relax. “In the post-Rachael era, a new approach emerges,” Grant McCracken, a researcher at the Massachusetts Institute of Technology, wrote in his anthropology blog. “Now we want to sell what food turns into, the meals, the social occasions . . . the people communing, families eating . . . and talking . . . and being a family.” That’s what her TV shows are about, and she has a plateful of them: “30 Minute Meals,” “$40 a Day,” “Tasty Travels,” “Inside Dish” and “Rachael’s Vacation” on Food Network, plus “Rachael Ray,” a syndicated talk show. “Ray has always cast herself as a sort of anti-Martha (Stewart), offering options for those who want to save money, eat healthfully and cook at home but don’t have the time or budget to entertain,” Jill Hunter Pellettieri wrote on Slate.com. Such perception is crucial to Ray’s

Rayhasplentytosmileabout:amenu full of shows on Food Network, bestselling books and her own magazine that draws 1 million readers.

success, says Barbara Kahn, a marketing professor at the University of Miami. “What a brand is is whatever the customer actually thinks it means. . . . It needs to be tied closely to the person,” she told IBD. It also helps when the person spreads out. Ray leapt from her 30-minute-meal concept into a menu full of entertainment. Her publishing business offers a stack of books — including her latest, “Just in Time” — and a magazine — Every Day With Rachael Ray — with a circulation of 1 million. Ray also sells cookware. She cooked up that idea after being fed up trying to get spaghetti in a circular pot. Voila, an oval-shaped pot, perfect for long, dry pasta. By the spring of 2007, Ray was ready for the Yum-O venture. This came from more Oprah advice. “She said to do what you love and what you’re most passionate about,” Ray said. For Ray, that was easy: people and food. For 20 years, Ray and her mom

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talked about starting a class to help working mothers and underprivileged families. The duo envision the class name: Shoestring. That evolved into Yum-O, which strives to get healthy, delicious food in the hands of those that need it. Brian Herr, director of the Alliance for a Healthier Generation, a Yum-O partner, lauds Ray’s way. Sheis one of the most “trustedvoices for parents across America,” he told IBD. “As a woman in a position of great influence, she has leveraged her strengths and unique talents and found a way to give back to the community.” Yum-O is an extension of her slogan “Take a bite out of life,” which appears in each issue of Every Day With Rachael Ray. Why that title? “The point is you should do something with every single day of your life,” Ray said. “Even if it’s a workday or school day, (you should do something) that makes your life feel special and rich. That could be as simple as making a good dinner for yourself or taking a little adventure to the neighboring town. Turning left instead of right. Something simple that makes every day matter.” With that attitude, Ray doesn’t expect handouts. “I never felt like anything was owed to me,” she said. “It never mattered what job I had; I never felt right if I wasn’t pushing myself and working a lot.” That work ethic came from her mom. “Growing up, my mother regularly worked 80- to 100-hour weeks,” she said. Results from Ray’s hard work? The original “30 Minute Meals” that was on the Albany CBS affiliate won her local Emmys. Her books became best-sellers. And, she says, Yum-O is an smashing success.


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MONDAY, MAY 12, 2008

INVESTORS.COM

Market share, by visits, April ’08

MySpace Getting Less Social MySpace rules the social networking arena, but fewer people are visiting and they’re spending less time on the site than they used to. No. 2 Facebook grew by nearly a third. The U.S. has the biggest mobile audience. Sources: Hitwise (hitwise.com), Nielsen Mobile (nielsenmobile.com)

BlackPlanet Others 8% Bebo 1.1% 1% myYearbook MySpace 1.3% 74% Facebook 15%

Gains/losses, by visits, April ’07 to April ’08

Facebook BlackPlanet

475% 32% 15%

MySpace -5% Total does not equal 100% due to rounding

Average time spent on site, April ’08 Average time per user Year-over-year change

myYearbook

Bebo -13%

MySpace

29m 54s

-3%

Facebook

20m 52s

57%

myYearbook

32m 54s

51%

Bebo

30m 01s

-3%

BlackPlanet

24m 39s

9%

Social networking sites’ mobile reach, Q1 ’08 U.S. U.K. Italy

4,079,000 812,000 293,000

Spain

291,000

France

255,000

Mobile subscribers who access social networks over their phone

Germany 141,000

INTERNET & TECHNOLOGY No Storming Beach For The U.S. Military With New Advances Hey, That’s No Fishing Trawler Northrop, Boeing and Bell ready with next-generation craft to assist armed forces BY DOUG TSURUOKA INVESTOR'S BUSINESS DAILY

In World War II, amphibious warfare was all about “hitting the beach.” Marines, backed by planes and ships, stormed out of landing craft and fought in the dunes with enemy troops. In 2008, advances in military technology make it possible to skip the beach altogether. “The idea now is to keep going,” said John Pike, who heads research firm GlobalSecurity.org. “U.S. forces are going to fly directly from ships to a target or use vehicles to push straight inland without stopping.” The revolutionary change in land and sea war hinges on a new generation of ships, planes and vehicles packed with advanced gear and communications. That is generating profits for big defense contractors like Northrop GrummanNOC, BoeingBA and Bell Helicopter, which are supplying the Navy and Marines with these new weapons. Some projects are triggering problems. Northrop’s first-quarter earnings miss in April stemmed in large part from wiring glitches that will delay delivery of the Makin Island, a new Navy aircraft carrier that uses planes and helicopters to ferry troops into combat. The setback contributed heavily to a $326 million charge the defense contractor announced for the quarter. Still, the effort is creating big opportunities for defense firms. One of the biggest isNorthrop’s amphibious shipbuilding efforts, a showcase for the new war strategies. The company already is deploying a “San Antonio” class of amphibious transport ships, also known as landing platform docks, or LPDs. Ships of this class have angled “stealth” superstructures that can make them look like ordinary fishing trawlers on radar. They also carry V-22 Osprey troop planes that take off and land like helicopters,

but can switch in flight into regular, high-speed turboprop aircraft to fly over long distances. The Osprey was developed as a joint project between Boeing and Bell Helicopter, a unit of defense contractor TextronTXT. Bell and Boeing received a $10.4 billion Pentagon contract in March 28 for 167 Ospreys. The Marines will get 141 of the new planes. (See related story, this page .) The latest of nine planned San Antonio-class ships is the USS New York. It was christened in New Orleans on March 1. The 684-foot-long transport ship — which can carry a fully equipped battalion of Marines — has seven tons of recycled steel in its bow from the World Trade Center to commemorate the 9/11 terrorist attacks. Northrop has built three of the ships at a cost of $1 billion or more each. The San Antonio ship program has faced cost overruns, funding doubts and design glitches. But backers say they’re more economical than the 1960s-era Navy troop transports the new ships replace. The ships fill an operating gap for the Navy and Marines, Northrop spokesman Bill Glenn says. “They’re versatile ships,” he said. “The fact that they deploy Marines makes them an asset in fighting terrorism around the world.” The ships can hit speeds of 22 knots and carry air-cushion boats for special operations. The Marines tapped General DynamicsGD to build prototypes of an expeditionary fighting vehicle, or EFV, to work with the new ships and planes. The vehicles, set to deploy in 2015, will be designed to zip across water or land at high speeds after disembarking from one of the new San Antonio ships. Together, the new ships, planes and vehicles form the cornerstone of a U.S. strategic plan known as “Forward . . .from the sea.” The concept is to assault enemies from the sea without having troops depending on prepositioned supplies or bases in nearby nations. “The biggest single advantage is the ability to deliver heavily armed U.S. Marines in ill humor, at times and places that are inconvenient to

For Concur, Move To Web Now Pays Off Gambled On New Biz Model After lean years, maker of online travel management software seeing big growth BY J. BONASIA INVESTOR'S BUSINESS DAILY

The USS Mesa Verde (above), a Northrop Grumman LPD, or landing platform dock, is shown in the Gulf of Mexico during trials. Below is the firm’s LHD-8 assault ship, the Makin Island, under construction.

our enemies,” said Joseph Callo, a retired rear admiral in the Naval Reserve and an expert on amphibious warfare. He saysthe LPDclass of shipscombines the functions of three or four previous ship types and can hide more effectively from radar, strike from farther away and move faster to hot spots. Pike says the Marines have been hunting for alternatives to old-fashioned land and sea warfare since the 1982 Falklands War between the U.K. and Argentina. The conflict erupted when Argentina seized a group of disputed islands in the South Atlantic. It used a small number of air-to-ship missiles to inflict surprisingly heavy losses on British ships trying to retake the islands, though Britain ultimately prevailed. “The Marines realized that their traditional way of getting across the beach wasn’t going to cut it any-

more,” Pike said. “Having amphibious assault ships a few miles off the beach was just going to turn them into targets.” The British Navy could jam longrange missiles with sophisticated homing devices that were fired at its ships from a distance, Pike says. But it had no defense against socalled point-and-shoot short-range missiles fired from shore. “Shorter range missiles have nothing to jam,” he said. To avoid a similar situation, U.S. Marines and Pentagon planners decided the only option was to move troop ships as far from shore as possible in an amphibious assault. The Navy also needed fast, longrange aircraft that could carry Marines from these ships and fly them over the beach to their targets. After almost two decades of research, the result is the new San Antonio-class ships paired with V-22 Ospreys and the new expeditionary

vehicle. “The new Marine vehicle is a speedboat that thinks it’s a tank,” Pike said. “It needs to be fast enough in the water so it can get to the beach the same day it was launched.” In future wars, this means U.S. ships attacking a hostile coast will wait 25 or more miles offshore, hidden by stealth technology. Ospreys will take off from these ships and ferry Marines to their targets many miles inland. At the same time, vehicles will be launched from these ships to support the Marines who have already landed. Once they leave the water, they will plow ahead without stopping. The new strategy has critics, who question its usefulness in the wars that are likely to erupt in the 21st century. Pike notes that U.S. forces haven’t made a major sea landing under fire since the Korean War. He says future conflicts probably would involve large-scale use of air power or land-based forces. He says it’s highly unlikely that the U.S. would stage a large sea-based assault like the D-Day landings in Normandy 64 years ago. Callo strongly disagrees. “Modern expeditionary warfare — projecting military power from the sea — is a lot more than over-thebeach-type landings,” he said. “One of the most essential ingredients is flexibility, and that’s a crucial military dimension (that) the LDP-class ships and their Osprey aircraft, helicopters, air-cushion vehicles and Marine expeditionary fighting vehicles add to U.S. military capability.”

It’s A Helicopter? A Plane? No, It’s Both V-22 Osprey pushes the envelope for ‘vertical/short takeoff and landing’ class BY DOUG TSURUOKA INVESTOR'S BUSINESS DAILY

The V-22 Osprey rises and swoops like its bird-of-prey namesake. The aircraft’s outsize rotors spin awesomely in flight. It’s the result of over half a century of efforts to build a troop carrier that takes off and lands like a heli-

copter but flies like a fixed-wing plane in flight. Known in military jargon as a Vertical/Short Takeoff and Landing, or V/Stol, the Osprey’s two propeller enginesrotate in midair from a vertical to a horizontal position, allowing it to fly at high speeds and altitudes like a turboprop aircraft. Made jointly by BoeingBA and Bell Helicopter, it can carry 24 troops and their equipment or 6,000 pounds of cargo. The Osprey can cruise at 246 miles per hour and has a range of more than 1,000 miles.

“The Osprey is the fastest verticallift turboprop aircraft in the world. It has enormous speed and range,” said Bob Leder, a spokesman for Bell Helicopter, which is owned by TextronTXT. The planes cost about $110 million each and took 25 years and more than $20 billion to develop. The aircraft, in service with the Marines have been deployed to Iraq. Boeing’s role in a $10.4 billion contract to build 167 Ospreys for the U.S. military helped offset its recent loss of a $35 billion contract to build Air Force tankers to a group led by Northrop GrummanNOC and Airbus (see related story, this page). The military says the Osprey’s big edgein combat is that it takes off and lands in cramped spaces and flies twice as fast as a helicopter, at much longer ranges. This means troops and supplies move a lot faster. “The Osprey significantly increases the reach of expeditionary forces and decreases the time and risk involved in the process,” said Joseph Callo, a retired rear admiral in the U.S. Naval Reserve. The V-22 is designed for all branches of the U.S. military and can be used for virtually any mission — including amphibious and commando-style assaults, transport, medical evacuation and refueling operations.

The Osprey — this is the AeroScout MV-22a — lands and takes off like a helicopter but flies like a plane. It’s made jointly by Boeing and Bell Helicopter.

The plane can mount rapid-fire guns and other weapons to suppress resistance before it lands. Engineers from different nations struggledduring the Cold Warto design a plane that does what the Osprey does. The challenge of building a plane that could take off like a helicopter and fly like an airplane didn’t take serious form until the late ’60s, with the advent of fighters such as Britain’s Harrier jump jet. But building a successful verticaltakeoff plane for troop transport duties proved elusive until the 1990s. Some prototypes built by various countries crashed. The chieftechnical hurdle was getting the engines powering such planes to shift from vertical takeoff

to forward flight and back again without stalling. The Osprey saw its share of accidents before those problems were worked out. Osprey prototypes have crashed four times since 1990. The worst occurred in 2000, when two crashes killed 19 Marines on training missions. Engineers redesigned parts of the V-22, and its makers say the problems are solved — though reports have surfaced of more mechanical problems in flight. The Pentagon OKed full-scale production of the Osprey in September 2005. “The (V-22) has done very well in Iraq. They’ve been used for a multitude of missions and are flying a lot of hours,” Bell’s Leder said.

The soft economy has hurt many software makers, butConcur Technologies isn’t one of them. ConcurCNQR has accelerated its sales growth for four straight quarters. In its second fiscal quarter ended March 31, revenue grew 74% over the year-earlier period to $53.7 million. Minus special items, earnings rose 63% to 13 cents per share. Based in Redmond, Wash., Concur offers a Web-based software service to manage corporate travel and expenses. Analysts say this approach can save time and money over standard travel management processes. Many companies, no matter the size, want to cut travel costs. Concur’s service also simplifies expense reporting for weary business travelers. It helps financial managers exert more control over their expense policies to rein in so-called maverick spenders, Deutsche Bank analyst Tom Ernst says. “Concur’s software doesn’t need to be customized or integrated,” he said. “They make it easy to sign up and go live within weeks.”

“It is hard to add that many people and still ensure that your growth remains disciplined.” Steve Singh, Concur CEO

Ernst rates the stock a buy. Deutsche Bank has done investment banking for Concur in the past year. Observers say Concur has the early lead in this new category for travel and expense management software. But American ExpressAXP, the market leader in corporate credit cards, looms as a major rival. Amex partners with IBMIBM on its service. OracleORCL and SAPSAP, both business software leaders, also offer travel-related products. Their travel management software systems are licensed upfront, not offered via online subscriptions, which can be less expensive for users. In 2002, Concur Chief Executive Steve Singh switched his company to on-demand subscriptions from conventional upfront licensing. He did so assuming the stock — and the company’s financials — would struggle for a few years while the new business model took hold. By early 2005, the model started to work, and the company’s fortunes, and share price, improved. In 2004, its sales of $57 million were on par with 2003. Since then, its annual sales have risen 27%, 35% and 33% and are expected to jump 72% this year to more than $222 million. Also, the new business model makes it easier for Concur to gauge future sales, Singh says. The company can predict 95% of its revenue at the start of each quarter, he says, because its 7,000 customers pay per user, per month. “We are in a fortunate position to be the clear leader in this emerging market,” Singh said. “We think over the next decade this market will reach $1 billion — at least — in recurring annual revenue.” A new Aberdeen Group study, sponsored by Concur, of 160 global companies found that firms with best-in-classpolicies forexpense reporting can process each report for $6.70 on average. That compares with $10.89 for all others. The top performers also complied with SEE CONCUR ON A5


INTERNET & TECHNOLOGY

INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

For Solar ‘Startup,’ An Operating Profit Took Four Decades Finally, Future Looking Bright Energy Conversion Devices finding the spotlight with well-placed tech know-how BY BRIAN WOMACK INVESTOR'S BUSINESS DAILY

Energy Conversion Devices has stepped out of the shadows of the red-hot solar sector. The maker of flexible solar panels on Thursday reported what it called the first quarterly operating profit since it went public — in 1969. The results for the quarter ended March 31 crushed analyst estimates, after it failed to meet views for the five previous quarters. “This is . . . a game-changing performance,� said Sanjay Shrestha, a Lazard Capital Markets analyst. The stock rocketed 43% on Thursday to an almost two-year high. The stock gave back some gains on Friday, falling 4.4% to 47.74. Analysts say the turnaround began last year when its new management team put more focus on the solar business, cutting costs and targeting new markets. It helps a lot that Energy Conversion Devices ENER uses an unusual key material in its panels, where most rivals use a material that’s now in short supply. “The reason the stock is up so much is because of their execution,� said Brion Tanous, an analyst with Merriman Curhan Ford & Co. “The Street is now giving them the respect that they’ve given other solar companies because they’ve seen the turnaround in place.� Leading the turnaround is Mark Morelli, who was named president and chief executive in September. Morelli came from United TechnologiesUTX, where he had positions that required him to focus on

improving profitability, building teams and reorganizing businesses on a global scale. Morelli, 44, called the profitable quarter a “milestone� for Rochester Hills, Mich.-based Energy Conversion. “We’re in this for the long run,� he said in an interview. Analysts say Morelli has put the focus on profitability and growth. “The company has always been great with scientists, but not good operators,�said Jesse Pichel, an analyst with Piper Jaffray. Shrestha says Morelli helped free Energy Conversion from its laboratory-centric approach to business. “In the past it has been sort of run as a publicly funded R&D (research and development) company,� Shrestha said. “One of the key areas of growth has always been solar, though it probably wasn’t getting the attention it needed to get.� It is now. Morelli says he made “painful�cuts to get the company focused on solar. He cut 160 engineers from the company’s ranks, leaving only 100. None of the cuts came from the solar business. Instead, he scaled back R&D in several areas, including fuel cells and a way to tap computing powercalled “cognitive computing.�

Big Rise In Gross Margin Solar now commands more than 90% of sales, up from roughly threefourths at the start of 2006. In its fiscal third quarter ended March 31, the gross profit margin jumped to 30.7% from 19.2% in the previous quarter. The improvement comes in part from a more efficient manufacturing operation, Morelli says. For example, a majority of its solar product supplies came from a single vendor in the past. Energy Conversion

A5

Concur Facing New Challenge: Its Fast Growth CONCUR FROM A4

SolarIntegratedworkersroll outan EnergyConversion Devices systemata Los AngeleswarehouseofBritish grocer Tesco, which opened its Fresh & Easy line of high-end food stores in California last year.

This is another installation by SolarIntegrated, which is Energy Conversion Devices’ biggest customer. ECD specializes in large installation projects for its customers. This facility is in Waltham, Mass.

has broadened its base of suppliers, helping it get better prices. Morelli’s also shaken up the sales structure. He has focused on longterm contracts that help the company ensure future profit and growth. Analyst Shrestha says the company has orders in place that already equate to its total expected revenue for the fiscal year ending in June. He says it already has orders for 90% of the next fiscal year’s expected sales, as well as half of the following fiscal year sales.

These contracts, says Shrestha, aren’t typical. They’re “take or pay� agreements, which ensure the company gets its money whether the buyer cancels or not.

A More Flexible Product Morelli sees big opportunities for his company’s solar business. Solar has been expanding rapidly as governments around the world roll out financial incentives to fuel the growth of the environmentally friendly energy source.

Unlike many of its rivals, Energy Conversion Devices uses a material called amorphous silicon. The more popular material, polysilicon, is in severe shortage, climbing in price from $30 or $40 per kilogram roughlyfive years ago to $350 per kilogram or more today, Pichel says. And Energy Conversion’s system is more lighter than rival products, so it works well on rooftops. It’s also flexible and can be easily combined with roofing material. Also, Energy Conversion uses a technology that it says improves the way solar modules convert the sun’s rays. It can convert rays into energy even when not in direct sunlight, Morelli says. “We will be producing energy very early in the morning,� he said. The rooftop market is lucrative. Some countries, including France and Italy, give more generous financial incentives to these kind of roofing solar products than to groundbased solar cells. “Wedid the market research,� Morelli said. “We’re confident this space (will grow). We’re not just dabbling here.�

their corporate travel policies 95% of the time vs. just 49% of the time for the worst performers. Concur’s latest service seeks to tightly link travel bookings with expense management functions. Singh says it has stoked a wave of sales growth.Concur offers the market’s only integrated package, according to Laura Lederman, an analyst with William Blair & Co. Travel costs make up the second largest variable corporate expense after employee salaries and benefits, Lederman wrote in a recent research note. She rates Concur’s stock outperform, or buy. “The company is one of our favorite long-term investments,� she wrote. “In a weakening economy, Concur’s business is likely to hold up well.� Bryan McGrath of Credit Suisse also rates Concur stock outperform. Credit Suisse owns shares and has done investment banking for Concur in the past year. Singh’s managers have done a good job handling the fast growth, McGrath says. He adds that growing pains could become a challenge. “Steve obviously has done a very good job of managing the company, but his problem is ongoing growth,� McGrath said. “That’s why they call it management.� Singh concedes it’s tough to maintain high standards for a work force that has ballooned to 850 people from 600 last year. He expects to employ 1,000 people by next year. “It is hard to add that many people and still ensure that your growth remains disciplined,� he said. Steve Ashley of Robert Baird & Co. rates the stock neutral, but praises Concur’s strategy and execution. “Concur addresses a huge market, as everybody does travel and expense reporting,� Ashley said. “Their . . . value proposition is very strong.�

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A6

MONDAY, MAY 12, 2008

INVESTORS.COM

TOP DOWN

How companies implement flexible work arrangements

How companies view flexible work arrangements

Work Flex Gap Employers are coming up short in providing employees with flexible work arrangements. A survey says more are offering options like telecommuting and job sharing to retain talent. But many are inconsistent in implementing these policies.

The benefits of these programs match or outweigh costs of implementing them

98%

Programs boost employee engagement

66%

Programs improve worker retention Programs enhance employee recruitment

64% 49%

Have companywide, formal written policies Don’t measure effectiveness in any way Have policies that vary by unit, department or job description Offer arrangements at discretion of managers Have a formal employee application process

27% 71% 39% 31% 33%

Source: Hewitt Associates

MANAGING FOR SUCCESS LESSONS LEARNED

EXECUTIVE BRIEFING

Dropping A Lawyerly Mind-Set Aids A CEO

CUSTOMERS

Chief Execs Gird For Client Shifts A global study from IBM says that top executives are eyeing major investments in the next three years to meet changing customer demands. Overall, 83% of those surveyed expect big changes in dealing with customers in the future. IBMIBM says this represents a jump of 28% in just two years. These same chief execs say their ability to manage change is growing at a slower pace. The study is based on interviews with 1,130 CEOs from 40 nations and 32 industries. It sees two new classes of customer emerging in the next few years. One is the “information omnivore,” who craves all types of information and circulates his views via the Internet. The other is the “socially minded customer,” who bases purchases on corporate social responsibility issues. The survey says CEOs are planning a 22% investment boost over the next three years to serve information omnivores. They plan to invest 25% more in the same period to satisfy socially minded customers. CEOs

Pace Of Exiting Bosses Slows April proved to be a kinder month for chief execs in the U.S.: 11.1% fewer of them exited their posts vs. the same month a year earlier. Global outplacer Challenger, Gray & Christmas said in a survey that the 112 CEO job losses in April was 8.9% lower than in March, when 123 CEO changes were announced. Twenty-six CEOs resigned in April, making it the leading cause of CEO exits. “We are seeing a lot more movement among CEOs from one company to another,” said the outplacer’s CEO, John Challenger. “In this challenging economy, this could be a sign that more companies are luring coveted leaders away from competitors, or it could be a sign that CEOs are leaving their companies before things get too bad.” BABY BOOMERS

Rich Retirees Fear Recession One in four affluent 60-year-olds are changing their retirement plans and 40% are downsizing their lifestyle due to recession jitters. So says a survey by Bell Investment Advisors conducted in April. The findings indicate that firms selling to this well-heeled class of retirees may see weaker demand in the current downturn. The survey found that almost 30% of affluent boomers say they feel more financial stress now than six months ago. More than a quarter of respondents, who are in their late 50s or 60s, have either lost jobs in the last 12 months — or know someone 60 or over who has. SMALL BUSINESS

Workers’ Comp Knowledge Gap Many small firms seem to be spending money on workers’ compensation insurance without understanding the coverage they’re getting in return. A survey by small business insurance provider Employers found that 14% of small business owners and executives couldn’t name their insurer. It found that 13% didn’t understand how their insurance protects employees with work-related injuries, or how their coverage protects them against catastrophic claims.

A worker at an Oak Brook, Ill., McDonald’s shows a nonbiodegradable Big Mac container from 1975, left, and a current biodegradable one. McDonald’s switched to eco-friendly cardboard in the early 1990s. AP

The Art Of Making A Big Mac Go Green McDonald’s, others push pro-environment policies BY BRIAN WOMACK INVESTOR'S BUSINESS DAILY

Last year, Greenpeace activists climbed into rafts in the Amazon rain forest for a fact-finding tour about deforestation. That may not be surprising — except that the tour included four officials from one of America’s biggest and most visible corporations: McDonald’sMCD, which Greenpeace had earlier criticized for its potential role in the deforestation. The concern had been that McDonald’s suppliers were buying from soya farmers who Greenpeace says were harming the rain forest. But McDonald’s and Greenpeace worked together to find a solution about its suppliers. The previous year McDonald’s had come out against sourcing soya from the Amazon and also helpedpush a two-year moratorium for suppliers as well, McDonald’s officials say. “Where it makes sense we are going to use our size and influence to make a difference,” said Bob Langert, McDonald’s vice president for corporate social responsibility, who was on the trip and retold the story. Although McDonald’s isn’t new to the idea of green, it’s another example of how corporate America’s putting more time, more focus and more resources into the environment. Companies such as carmaker General MotorsGM, conglomerate General ElectricGE and oil company BPBP have even made it a recurring theme in ad campaigns.

“Green” Buoys Sales It’s more than just corporate responsibility, analysts say. More and more, consumers want to know the products they buy are made, distributed and sold with the environment in mind. While companies need to be careful not to overstate their green efforts, going green can buoy sales, analysts say. At the same time, cutting waste or packaging can cut costs. “American companies are finally getting this,” said Anthony Johndrow, a consultant with the Reputation Institute. “There’s a lot of money to be made in green.” A new study by IBMIBM says that 18% of chief executive officers view environmental issues or “green” as a concern — double the percentage from 2004. CEOs in Asia and Europe are leading the charge, though U.S.-based CEOs are increasing their focus

as well, the IBM study says. It’s old hat for many corporations that have seen green’s upside. Take Toyota MotorTM, which saw sales of its fuel-efficient hybrids in the U.S. jump 42% in April even as overall vehicle sales slipped 4.5%. Consumerpackaged goods maker General Mills has reduced Hamburger Helper’s package size by 20% with denser pasta shapes, saving the company in packaging and shipping costs.

McDonald’s Going Solar? McDonald’s has efforts that go farbeyondthe Amazon. The company, which also is using slimmer packaging, has been improving its restaurants and cutting

“Environmental sustainability is a very good thing to do. But it’s also the right thing to do with business.” Bob Langert, vice president for corporate social responsibility, McDonald’s

costs with more efficient lighting, energy-saving equipment and white (reflective) roofs. It’s building out “green laboratories” restaurants this year in Germany, France, Chicago and Japanwith features that could include reusing rain water for landscaping or adding more windows for natural lighting. There’s also talk about some restaurants using solar power, Langert adds. Langert points out a company as large as McDonald’s needs to ensure its supplies will be around for years to come. McDonald’shas worked with suppliers to ensure its fish is from companies concerned about sustainability. In Europe, it’s even reusing some of its cooking oils for fuel in its trucks. “Certainly environmental sustainability is a very good thing to do,” said Langert. “But it’s also the right thing to do with business. All these little things add up, and end up making a big impact.” He says the billions served by McDonald’s also want to know about the restaurant’s efforts. He points out one of the most visited parts of the McDonald’s Web site is the section on the company’s environmental efforts. “We know that customers care about these issues,” he said.

And how. BBMG, a marketing firm, says 90% of consumers have a favorable impression of the term “environmentallyfriendly.” “There is something going on,” said Raphael Bemporad, cofounder of BBMG. “More and more Americans are starting to consider both practical and environmental benefits when they make purchasing decisions.” In a survey released this year by marketing firm Cone LLC, nearly 6 in 10 American said they are consuming less or, at least, buying products that are environmentally friendly. Yet not every company should take the idea of green and launch a national ad campaign, Johndrow says. He says the marketing should line up with what the customers want in a given industry. For example, bank customers are more worried about the security of their money than whether their bank is using solar panels. “It boggles the mind why banks are spending millions on going green,” he said. “Don’t just jump on the bandwagon.” Bemporad says customers are more concerned about the issue when it’s closer to their personal well-being, such as health and beauty products. Still, he says more people are looking at environmental credentials across many sectors, including financial institutions. No matter the industry, companies must ensure they back up their green talk with the walk, he says. “There is more skepticism than ever,” Bemporad said. “They are going to have to not just make green claims, they’re going to have to take deeper green action across every decision point in their business.” Mike Lawrence, executive vice president of Cone, says companies are going to have to be increasingly careful about what kind of assertions they make to the public — or risk being tagged as “green-washing.” He says Americans aren’t as savvy as they thinkthey are about environmentalissues — but that will eventually change. “It demands a little bit of context and a little bit of humility,”he said. He says it’s fine for companies to market their environmental efforts, but not overstate them. For example, a company shouldn’t say it’s saving the world if it’s merely adding a few solar panels to its rooftops. “You’ve got to make the thing credible,” he said.

Do lawyers make good CEOs? Not necessarily, says Fay Vincent. He should know. A successful Washington, D.C., corporate attorney, Vincent became chief executive of Columbia Pictures in 1978. His lawyerly mindset didn’t serve him well. In his first few months on the job, Vincent operated like an attorney. He continually sought more information before making a decision. Hisslow, analytical approach resulted in several missed chances. “I was 39 and I had never run a business before,” said Vincent, who later became a senior executive at Coca-Cola and commissioner of Major League Baseball. “I learned you can’t wait around for as many facts as you’d like before deciding what to do.” Vincent sought to achieve an 80% degree of certainty, based on verifiable data, before making a key business decision. Yet collecting and scrutinizing so much information took a big chunk of his time. Herbert Allen, who ran Columbia Pictures, gave his new CEO some feedback. He told Vincent: “You can’t keep waiting for more data. We’ll live with your best judgment as long as your batting average is good.”

Act Decisively Vincent took Allen’s advice to heart. He dumped his overcautious approach and act more decisively. “I must have driven Herbert Allen crazy those first few months,” Vin-

cent said with a laugh. Comparing himself to a pitcher who’s afraid to throw the ball over the plate for fear that a batter might hit it, Vincent realized that he could no longer adopt a defensive stance.

Don’t Wait Vincent started to settle for a 60% degree of certainty when weighing big decisions. He discovered that he could make smart moves without as much data as he’d ideally like. A high-stakes takeover battle instantly tested Vincent’s mettle. As investor Kirk Kerkorian sought to take control of Columbia Pictures, Vincent confronted a torrent of critical decisions such as which attorneys to hire and what strategy to adopt to fight off the threat. “Icouldn’t afford to move too slowly or he’d (get) the company from us,” Vincent said. A few years later, Allen sold Columbia Pictures to Coca-Cola. As Coke’s vice chairman in 1985, Vincent had a chance to buy two TV shows from Merv Griffin: “Wheel of Fortune” and “Jeopardy!” “The question was would the shows last,” Vincent recalled. “How soon will they run out of gas? We figured three more years, so we bought them.” Vincent’s decisiveness paid off. Even without all the facts at his fingertips and many unknowns to sort through, he purchased the shows for more than $200 million. He says they still produce handsome profits today. Morey Stettner

SAVVY ENTREPRENEUR

New Workers Must Hit The Ground Running You interview job candidates and choose the most promising one. Now the real work begins. To ensure a new hire hits the ground running from Day One, craft a well-designed orientation program. Orchestrate how you introduce the newcomer to your employees and your company. Ideally, you want to welcome people aboard — and whet their appetite to excel — without overwhelming them. On their first day, have them tour the workplace rather than fill out forms.

to establish organizational clarity from the start.” Price also suggests administering behavioral style assessments to all staffers — new and old. Summarize each person’s results on laminated cards with their photo. “Each individual’s card should identify the best ways to communicate with them and what types of communication irritates them,” Price said. “That way, employees can exchange ‘trading cards’ with the newcomer.”

Distribute Packets “Get them to complete all the necessary paperwork before their first day,” said Ron Price, chief executive of Price Associates, a management consulting firm in Nampa, Idaho. “Give them an introductory packet beforehand so that they can turn in all the paperwork when they arrive. That frees up the day for them to meet people.” Your packet might include tax withholding forms, benefit explanation sheets and descriptions of your company’s drug-testing policy or ethics standards that all employees must read and sign. Provide the name and contact information of your human resources manager in case the employee has questions. Before you tour the facility with new hires, give them an organizational chart and a schedule for their first two weeks. Newcomers can glance at the chart to see how the co-workers they meet fit into the larger organizational structure. And the schedule of activities helps them know what to expect in the days ahead.

Leader Lunches “A leader should have lunch with thenew arrival on his first day to discuss the organization’s strategic vision,” Price said. “Often, business owners don’t communicate that vision to existing employees, much less to new ones. But it’s important

For example, employees may discover by exchanging their cards that one of them prefers honest, blunt communication but dislikes bossy or boastful speakers, while the other loves detailed analysis and well-organized arguments but dreadsdealing withpeople who gossip, miss deadlines or fail to deliver on their promises. Another tool to orient new employees is to give them clear, written position descriptions that specify your performance expectations. These documents should answer four questions: Why does this job exist, what results reflect superior performance, how will we measure success, and where can the newcomer go for help and resources? Morey Stettner


INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

AFTER MARKET

A7

Leading New Issues

IBD New Issues Index

Real Goods Solar Finds Small Gain

Date Offering Current % change EPS RS Company Symbol offering price price from offer Rating Rating Industry group Titan Machinery Inc TITN 12/ 6/07 8.50 20.16 137.2 99 99 Retail/Whlsle-Bldg Prds 8.00 17.61 120.1 74 99 Comml Svcs-Advertising VisionChina Media Inc VISN 12/ 6/07 93.2 74 98 Oil&Gas-U S Expl&Prod SandRidge Energy Inc SD 11/ 6/07 26.00 50.23 88.3 69 98 Financial Services-Misc Visa Inc V 3/19/08 44.00 82.86 85.3 82 98 Oil&Gas-U S Expl&Prod Approach Resources Inc AREX 11/ 8/07 12.00 22.23 79.9 74 84 Medical/Dental-Services Genoptix Inc GXDX 10/30/07 17.00 30.59 79.3 99 61 Comml Svcs-Schools American Public Educatio APEI 11/ 9/07 20.00 35.87 78.5 69 89 Financial Services-Misc MSCI Inc MXB 11/15/07 18.00 32.13

Real Goods SolarRSOL edged up Friday, but was still below its Thursday IPO price. The residential solar installer climbed 4 cents to 8.84. It debuted at 10, the low end of its range. But this year’s other solar offering, Chinese wafer maker ReneSolaSOL, was up 49% from its Jan. 29 IPO. It closed at 19.49.

Lead underwriter Craig–Hallum Crdt Suisse Frst Bos Lehman Brothers Morgan J P Morgan J P Lehman Brothers Blair William & Co Morgan Stanley

THE NEW AMERICA T 3 E N E R G Y S E R V I C E S I N C . Houston, Texas

Oil-Rig Equipment Maker Goes Global As Energy Prices Keep Rising BY KEVIN HARLIN INVESTOR'S BUSINESS DAILY

High oil and natural-gas prices are making for blowout earnings for energy companies. T3 Energy Services is growing quickly by preventing blowouts. The company manufactures and services the valves and other equipment used for drilling and piping oil and gas. Its latest foray is in subsea blowout preventers — car-size valves stacked on a well that can instantly seal off the well if excess pressure is detected. BOPs, as they’re called, can save lives and machinery. Recent acquisitions give T3TTES more proprietary technology and reach in the higher-margin BOP business for those deep-sea wells. In addition to getting wet, the company also is going overseas, signing business in places such as Russia and the Middle East. Originally, the Houston-based company serviced and rebuilt other manufacturers’ equipment. But Michael Anderson, T3’s vice president of investor relations and business development, said customers asked it a few years ago if it could provide new equipment itself. Subsea BOPs, surface wellheads and pipeline valves were all in high demand. But existing manufacturers had long delivery times. For exploration companies paying hundreds of thousands of dollars a day to rent drilling rigs, the delays were

T3 Energy Services Inc.

In The Black Gold

t3es.com

High oil and natural gas prices keep drillers busy. That creates business for T3 Energy. The drilling equipment company is shifting toward designing and manufacturing more of its own equipment, such as deep-sea blowout preventers

Prices and rigs

Revenue 2006

2007

$200

WTI oil (per barrel)

$59.98

$90.68

150

Natural gas (mtf)

$7.24

$7.40

100

North American drilling rigs 2,159

2,146

50

Rigs outside North America

1,017

Ticker Share price 12-month sales 5-year profit growth rate IBD SmartSelect Corporate Ratings

Composite Rating Earnings Per Share Relative Price Strength Industry Group Relative Strength Sales+Profit Margins+ROE Accumulation/Distribution

2006 2007

In millions

TTES Near 60 $238 mil 105% 99 98 98 A A A-

See investors.com for more details

3

“They’re a very wellmanaged company. They’re not big risk takers, but they do enough to grow significantly every year.”

2

Brian Uhlmer, Pritchard Capital analyst

952

0

Products

Services

T3 earnings per share $4

1 0 -1

’02

’03

’04

’05

’06

’07

’08e

’09e

Sources: Company reports, Department of Energy, Baker Hughes

costly. “This is something that T3 has been able to capitalize on, by providing attractive delivery with valuebased pricing,” Anderson said. The shift has paid off. T3 posted revenue of 67 million in

2004. By last year, sales reached $217 million. Earnings per share grew from 27 cents in ’04 to $2.35 in 2007. Analysts surveyed by Thomson Reuters expect EPS of $3.16 in 2008. T3 said its original equipment rep-

resented 76% of total revenue for 2007, compared with 65% the year before. The company, first known as Industrial Holdings, incorporated in 1989. In 2001 it merged with crosstown rival T3 Energy Services. The new company took the T3 name. In 2003, the company hired its current chief executive, Gus Halas, and began to rethink its business. That’s when it began to beef up its own engineering and manufacturing capa-

bilities. At first, T3 came out with copycat products, analysts say. Last year, it spent about $96 million to buy Energy Equipment and HP&T Products — related companies that manufactured and sold deep-sea BOPs and other equipment. That gave T3 access to new technologies and markets. It shipped its first subsea BOPs in late September. “The best part of thiscompany really is the management,” said Brian Uhlmer, analyst with Pritchard Capital. “They’re a very well-managed company. They’re not big risk takers, but they do enough to grow significantly every year.” T3 now has 21 manufacturing facilities in North America. The companysays it plans to buy HP&T’s manufacturing operation in India, which would give it a lower-cost source. “People are recognizing who they are and not seeing them as a cheap knockoff,” Uhlmer said. Oil and natural-gas prices have beenhigh, whichkeeps T3’s customers busy looking for new deposits. Oil, for instance, is in record territory, at around $125 a barrel. Anderson said the demand for T3’s services are there even if energy prices come down. “Even if you take that away and remove some of that marginal activity, you still have a very strong industry, even at $90 a barrel,” Anderson said. There are some potential head winds.

RBC Capital Markets analyst Victor Marchon thinks orders for more types of offshore rigs already have peaked. With declining orders, the three major competitors in the subsea BOP market — Cameron InternationalCAM, Hydril and National Oilwell VarcoNOV — are not likely to easily cede ground. But despite the competition and tough market, Marchon thinks T3 could find buyers. “When you look at what’s happening in the deep-water drilling market, there’s still a lot of opportunity for it,” he said. T3 also is signing more business overseas. Last month, it announced an $8 million multiple rig order in Russia. It expects that contract order to grow. T3’s Anderson said the deal will also serve as a beachhead into the Russian market. Those international orders tend to be larger — with companies ordering entire drilling rig systems, rather than the a la carte component ordering more common in the U.S. That makes revenue more lumpy, the company says. But as international opportunities grow, companies are insulated from turmoil in any one region, analysts say. When T3 reports first-quarter results next month, analysts expect 70 cents a share, on revenue of $69.6 million. That would be a 37% improvement from a year ago in EPS, and a 45% gain in revenue.

Which airline is next? Ne Nearly half a dozen U.S. airlines have closed their doors or filed for bankruptcy clo in the past few months. While the theories about their demise are broad the an and varied, one fact is certain: Po Poor management doesn’t help.

Monday, March

ABX Stock Takes a

DAYTON DAILY NEWS

Shares now trad

17, 2008

Nosedive

ing for or les less than

three dollars

Tuesday, July 24, 2007

ABX rejects ASTAR offer to buy company ASTAR had offered $7.75 per share for ABX, in a bid with a totall value of more than $450 million.

April 21, 2008

ABX Execs Get Golden Parachutes

ABX Air can’t afford any missteps.

Demand answers from management. Attend the 2008 Annual Meeting of Stockholders: Who: Shareholders of record, as of the close of business on March 17, 2008 When: May 13, 2008, at 11:00 a.m. EST Where: At the Roberts Convention Centre, 188 Roberts Road, Wilmington, Ohio

AskJoeHete.com We have our plan. Does management have theirs?

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A8

MONDAY, MAY 12, 2008

MED BRIEFS

Merck Vaccine Gets New Label The Food and Drug Administration approved a new product label for Merck’sMRK RotaTeq vaccine to include a report of a death due to intestinal obstruction after getting the vaccine. The nod came in late April, according to a letter to Merck posted on FDA’s Web site.

INVESTORS.COM

Generic Plavix Threat Hits Sanofi

Human Genome Sciences Slides

Teva Beats, Street Beats Back

Shares of French drug maker Sanofi-AventisSNY fell sharply early Friday on reports that Swiss generic drug firm Schweizerhall is close to winning approval for a generic version of Sanofi’s Plavix blood-thinning drug in Germany and Luxembourg. Plavix is Sanofi’s second-biggest product.

Shares of biotech Human Genome SciencesHGSI fell early last week after it posted disappointing first-quarter results. Though losses narrowed to 35 cents a share from 38 cents a year earlier, that was worse than the 19 cents predicted by analysts. The stock slid more than 7% on the news.

Teva PharmaceuticalTEVA inched past first-quarter sales and profit views, but its stock fell on a so-so outlook and higher-than-anticipated operating and research costs. The generic drug maker reaffirmed its 2008 outlook for earnings of $2.60 to $2.75 a share vs. views of $2.71. Shares dipped 3%. The Horsham, Pa., offices of Teva.

HEALTH & MEDICINE California Funding For Stem Cell Labs Lifts Researchers

UNDER THE MICROSCOPE

New Cash, New Opportunities

Dublin, Ireland iconclinical.com

Invitrogen, others see more business amid advances in funding and science BY PETER BENESH INVESTOR'S BUSINESS DAILY

U.S. research into stem cells got a jump-start last week when California’s governing body for stem cell research voted to start handing out large amounts of money for construction of new labs. The California agency is funded by 30-yearstem cell research bonds, approved by the state’s voters in 2004. The agency will hand out a total of $271 million to 12 institutions. They in turn will invest another $560 million from foundations and internal reserves. That puts the California stem cell research infrastructure investment at $831 million. Construction at nine University of California campuses, Stanford University and two other organizations will take two years. That’s good news for the state’s economy. It’s even better news for companies that supply genetic researchers withthe special, consumable materials they need to do their work. At the top of the list is InvitrogenIVGN, already the world’s largest maker of the specialty products used in academic and industrial labs investigating and developing cellbased medicine. The company’s market share is about 25%, saysJohn Sullivan, director of research with Leerink Swann. At around $35 million in annual sales, the stem cell business is still a smallpart of Invitrogen’soverall revenue, which came in just under $1.3 billion last year.

Move To Outsourcing Boosts Icon Icon PLC

Still, Invitrogen’s stem cell sales are growing at a higher rate than the overall business, says Chief Financial Officer David Hoffmeister.

Valuable Fruit Hoffmeister puts the market for stem cell products at $1 billion. The addressable market for all of Invitrogen’s products is $8 billion. The funding of stem cell research byCalifornia is important, Hoffmeister says. “I hope it spreads.” Spread it will, says Dr. Wise Young, a medical doctor and professor of neuroscience at the Rutgers University Stem Cell Research Center. In partnership with private firm StemCyte, Young is using stem cells from umbilical cord blood to find treatments for spinal cord injuries. Stem cell research will increase because the market value of stem cell therapies is huge, he says. “The lowhanging fruit alone is probably $100 billion.” Within five years, Young sees the bone marrow transplant mortality rate falling to 1% to 2% from the present 20%. Better science is the main reason. The improvement will come with either adult stem cells or umbilical cord blood stem cells, Young says — not the controversial embryonic stem cells. The technology could bring cures for a range of disorders, including thalassemia, sickle-cell anemia and immune deficiency. More than 55 million people worldwide need treatment for those diseases. Next would come treatments for autoimmune diseases, among them multiple sclerosis, lupus, rheumatoid arthritis and diabetes. Meanwhile, stem cell treatment for heart disease is already in clinical trials.

InvitrogenassociatescientistMiroDudasconducts testsatacompanylab inCarlsbad,Calif.Thefirmstandstoget lots of business from rising worldwide investment in stem cell research.

“California’s investment will generate substantial returns in technology and new understanding of diseases stem cells can treat.” Dr. Wise Young, Rutgers University

Yet another application is macular degeneration. Stem cells have repaired retinal cells in mice, Young says. That discovery could lead to prevention of blindness. “Every estimate of those markets is too conservative,” Young said.

In Search Of Funding A big boost for Invitrogen and competitors like Thermo Fisher ScientificTMO and Applied BiosystemsABI would be more federal funding for the National Institutes of Health. NIH’s annual budget of $28 billion has been frozen since 2003 and has lost 10% of spending power to inflation. Still, NIH funds more basic research of all types than any other single body.

NIH-funded customers account for about 15% of Invitrogen’s total sales, Hoffmeister says. He argues that NIH funding for stem cell research has been insufficient. While California will spend $300 million a year for stem cell exploration, NIH so far has put only $250 million in total toward stem cell research, Young says. There’s a direct correlation between research funds and payback, he says. “I expect California’s investment will generate substantial returns in technology for growing cells and new understanding of the diseases that stem cells can treat.” While Washington has held back on financing for stem cell research, other countries have been forging ahead. Foreign governments are growing their spending on this kind of research faster than the U.S., Sullivan says. “China wants to make its own drug discoveries.” In addition to China, the foreign countries pushing hardest on stem cell research are Singapore, Great Britain and Sweden, Young says. Thatshould be good news forInvit-

rogen, which already gets about 45% of its total revenue from abroad. “There’s more growth in stem cell research and funding overseas,” Hoffmeister said. Still more demand will come from Big Pharma. The large drug firms are using stem cells for new product tests. They’ve done so by forming collaborations with biotechs. Analyst Ross Muken of Deutsche Bank Securities lists AstraZenecaAZN, Roche RHHBY, GlaxoSmithKlineGSK, Teva Pharmaceutical IndustriesTEVA and MerckMRK as investing in stem cells. Big Pharma is spending a lot, but not on basic research in university labs. “They keep this stuff proprietary and don’t disclose anything, but they’re making lots of deals,” Young said. In a recent note, Muken said three companies will benefit from a stem cell boom: Invitrogen, Applied Biosystems and Thermo Fisher. “All have significant product portfolios catering to stem cell research,” Muken wrote.

U.S.-based Big Pharma might be in the doldrums, but it’s got deep pockets and has to spend money. To restore its luster, the industry needs new products — and it can’t get them to market without clinical trials. Increasingly, drug makers are outsourcing clinicaltrials tocontract resource organizations, or CROs. IconICLR is riding the crest of that wave. Toprovideas manyservicesas possible to pharma, Icon has been on a buying spree, adding capabilities. Management sees the value of diversification, says analyst Stephen Shankman of Natixis Bleichroeder. “They’re creating an integrated product offering,” he said. Icon has already added a medical imaging division, a staffing business and more labs. Now it’s adding offices in Eastern Europe. And in February it plunked down $12 million in cash, with another $10 million tied to milestones, for Healthcare Discoveries, a unit of Catalyst Pharma Group. The acquired firm runs an 85-bed clinical pharmacology unit in San Antonio, Texas, for phase one trials. Icon did not make an official available for comment. The CRO business is in its fifth year of record and rising demand, says Eric Coldwell, an analyst at Robert W. Baird. In just the last three years, CROs have gone from 20%-25% of the clinical trial market to 25%-30% as Big Pharma tries to cut costs and find patients worldwide. “The industry is growing at 15% to 20% a year, and Icon is doubling that. It’s stunning,” Coldwell said.

THE FINANCIALS

Big Drug Makers Face More Scrutiny Over TV Ads IBD STAFF AND WIRE REPORTS

TV advertisements from Big Pharma came under the gun — again — last week, as congressional Democrats advocated tougher marketing restrictions. At a May 8 hearing to discuss specific ads by PfizerPFE, Johnson & JohnsonJNJ and a joint venture between MerckMRK and ScheringPloughSGP, Rep. Bart Stupak (DMich.) said TV commercials use deceptive techniques to push products to potential patients and to increase sales. “It appears that we need to enforce significant restrictions on DTC (direct-to-consumer) ads to protect American consumers from manipulative commercials designed to mislead and deceive for the profit of pharmaceutical companies,” said Stupak, head of the U.S. House of Representatives Energy and Commerce investigative panel. He said Congress should consider whether ads promoting medicines should be allowed to target consumers in the U.S. — the only country outside of New Zealand that allows such marketing. “(Drug) companies should consider it a privilege to be allowed to air DTC ads in this country,” Stupak said. “We should make sure that pharmaceuticals companies conduct themselves responsibly.” Executives from Pfizer, J&J and Merck-Schering testified before House lawmakers on three discontinued advertisements. All three promotions were criticized by Democrats as potentially misleading consumers. Stupak and Rep. John Dingell (DMich.) pressed a Merck-Schering executive on why the partnership continued advertising its Vytorin cholesterol pill even after complet-

ing a study that showed it was no more effective than a lower-cost generic. The study was completed in 2006, but the companies didn’t release the results until this past January. “I saw a vigorous debate around the quality of that data,” said Deepak Khanna, senior vice president of the partnership, explaining why the study was not released earlier. “Ultimately we took steps to make sure the data was there and meaningfully analyzed before its release.” Vytorin is a combination of Schering’s Zetia and off-patent simvastatin, formerly known as Merck’s Zocor. Earlier this year the two companies released data showing Vytorin doesno betterthangenericsimvastatin at slowing arterial thickening. Shares of Merck and Schering fell sharply on the news, and sales of Vytorin have slumped as well. The drug had been a big seller, generating more than $5 billion in revenue last year.

also caught the unwanted attention of lawmakers. Earlier this year, Pfizer discontinued its TV campaign for cholesterol drug Lipitor after Stupak and Dingell questioned the credentials of spokesman Dr. Robert Jarvik, the inventor of an artificial heart. Democrats said Jarvik was unqualified to give medical advice since he is not a licensed physician, though he did graduate from medical school. Lawmakers also criticized J&J’s Procrit ads for suggesting the anemia drug gives patients more energy and increases quality of life — a claim that’s not approved by regulators. J&J said it stopped airing the ads in 2005 and has no plans to put them back on. Dingell asked all three executives

to adopt new standards for marketing, but each said they lacked the authority to make such commitments. “Maybe we need to have another hearing with someone who can really speak on behalf of the companies,” said Dingell, who chairs the Energy and Commerce Committee. “Perhaps the company presidents would be able to respond in a more helpful fashion.”

Keeping The Pressure On Last year, Democrats tried unsuccessfully to pass a law banning consumer-directed advertisements in thethree years after a drug’s approval. They’re expected to make a similar push later this year. A government investigator from the General Accountability Office told lawmakers that the Food and Drug Administration reviews only a

small portion of the advertising materials it receives. House Democrats have frequently accused the FDA of not doing enough to ensure the safety of food and drugs. But drug industry representatives say the Democrats’ criticism of the FDA’s oversight of the drug industry is primarily driven by political motives. “It’s all about politics, not advertising,” said John Kamp, executive director of the Coalition for Healthcare Communication, a lobbying group for drug and media companies. “They hold a hearing so they can pretend their guys would do a better job running the agency than the Republicans.” The FDA is headed by a Republican commissioner appointed by the White House.

Market-Leading Medical Stocks The top stocks in the medical sector, ranked by the total of their Earnings Per Share and Relative Price Strength Ratings. % Off High

EPS Rating

A-,A, A+ Last Qtr Next Qtr Last Qtr Rel Str SMR Funds EPS EPS Sales Rating Rating In Stock Change Change Change

Too Little, Too Late?

Rank

Company

Two congressional committees have requested interviews and documents on Vytorin from the companies. And Schering disclosed on May 6 that the Department of Justice is seeking similar information. Merck and Schering halted TV marketing for Vytorin after releasing the disappointing study results, but Stupak said that action came too late. “Many consumers may not have taken Vytorin had they been aware of the study results,” Stupak said. The advertisements explained that both diet and family can cause bad cholesterol. The ads first ran in 2004 and played a big part in pushing Vytorin sales higher. Sales pitches from Pfizer and J&J

1 2 3 4 5 6 7 8 9 10

Systems/Equip ISRG 287.57 -20.03 99 94 A 24 81 49.4 Intuitive Surgical Inc. Develops robotic surgery systems that mimic surgeons’ hand movements in miniature for minimally invasive procedures.

65

Systems/Equip BABY 20.77 -4.72 95 94 Natus Medical Inc. Sells hearing tests and other health products for infants. Shares hit a two-year high of 21.80 on May 5.

Medical Subgroup

Ticker

Price

B

0

57

50

36

Outpnt/Home Care AMED 51.94 -2.92 91 94 A 3 Amedisys Inc. Provides home nursing services and hospice care. The stock set a fresh peak in May after a strong Q1 showing.

22

14

39

Medical/Dental-Srvcs ESRX 70.96 -10.29 94 91 C 16 33 30.4 2 Express Scripts Inc. The pharmacy benefits manager’s stock fell after it raised full-year profit outlook only slightly. Shares have gone sideways since then. Medical/Dental-Srvcs ICLR 72.1 -3.69 88 95 A 13 33 28.9 Icon PLC The contract research organization recently topped Q1 views and watched the stock set an all-time high of 74.86 on May 5.

48

Biomed/Biotech GILD 54.11 -0.57 89 93 A 33 17 Gilead Sciences Inc. The biotech, which set a fresh peak of 54.59 on Thursday, announced that CEO John Martin will take over as chairman.

22

11.9

Biomed/Biotech MATK 34.68 -5.76 88 94 C 2 160 66.7 18 Martek Biosciences Corp. Develops nutritional supplements added to health foods and infant formulas. Profit has grown in triple digits the last two quarters. Systems/Equip MR 39.55 -12.48 97 84 A Mindray Medical Int’l Shares of the Chinese medical device maker popped 12% Thursday after it topped Q1 sales and profit views.

12

56

35.7

63

Biomed/Biotech LIFC 50.7 -0.29 83 97 A 6 0 13.6 27 LifeCell Corp. The maker of tissue-repair products is being bought out by Kinetic Concepts in a $1.7 billion deal some analysts call too expensive. Generic Drugs SCR 13.8 -28.5 99 81 Simcere Pharmaceutical The China-based generic-drug maker has seen shares rise about 30% over the last three weeks.

A

4

79

..

39

On April 29, Icon reported firstquarter sales of $201 million, up 48% from a year earlier. Earnings rose 33% to 56 cents a share, beating analyst views by 3 cents. The stock gained nearly 8% on the news, then kept rising to an all-time high of 74.86 on May 5. Analystsreporting to Thomson Reuters predict full-year earnings of $2.42 a share, up 29% from last year. They see $2.99 in 2009.

THE COMPANY Icon’s clinical research unit does clinical trial testing from phase one to post-marketing phase four. Its work includes lab services, data management, consulting on regulatory matters, medical imaging and contract staffing. Icon benefits from pharma’s need for global services, Coldwell says. Contracts are long-term, immunizing CROs from economic upheavals. Another boost comes from the Food and Drug Administration. Post-Vioxx, the FDA demands longer trials with more patients, as well as post-marketing phase four trials. Being based in Ireland, the company got a jump on international markets, Shankman says. “They were a step ahead of other guys.” The other guys include CovanceCVD, Pharmaceutical Product DevelopmentPPDI and Charles River Labs InternationalCRL. Icon ranks fourth in market cap behind those firms.

LOOKING AHEAD The market for CRO services should maintain its torrid growth, Coldwell says. Pharma could outsource 50% of its trials in the next five to 10 years, a rate that will tax the industry’s ability to maintain quality, he says. Icon’s backlog after the first quarter was $1.49 billion, up 54% from a year earlier. Peter Benesh


INVESTOR'S BUSINESS DAILY

A9

MONDAY, MAY 12, 2008

MACROSCOPE

Spot crude oil prices

U.S. Natural Gas Wellhead price

Oil production

Oil production

High (Priced) Energy

$120

$12

90

86

Oil and gas prices have surged as demand outpaces supply. Oil prices have shot up 624% over the last decade to more than $110 per barrel, while natural gas has risen 285% to around $7.50 per thousand cubic feet.

Per barrel

Per thousand cubic feet

80

8

60

40

4

30

Worldwide U.S. Average barrels per day, in millions

Average barrels per day, in millions

82 78

0 ’98

’00

’02

’04

’06

’08

0 ’98

74

0 ’00

’02

’04

’06

’08

70 ’02

’03

’04

’05

’06

’07

’03

’04

’05

’06

’07

Source: Energy Information Administration

INDUSTRY SNAPSHOT TREND WATCH

As Oil Hits New Highs, Foreign Fields Tighten Venezuela’s takeovers reflect a broader trend to government control BY ALAN R. ELLIOTT INVESTOR'S BUSINESS DAILY

Striking workers outside the Grangemouth oil refinery in Scotland. The strike, which took 700,000 barrels of oil per day out of the global supply in April, is just one example of how complicated the global oil market has become as governments move to cash in on sky-high oil prices. AP

OIL AND GAS EXPLORATION AND PRODUCTION

Oil Fuels Global Power Shift Rising demand complicates rules for exploration and production firms BY ALAN R. ELLIOTT INVESTOR'S BUSINESS DAILY

The Forties pipeline is a 3-footwide steel straw that pokes 170 kilometers into the North Sea. It makes landfall at Cruden Bay, Scotland, then finds its way over land to the refinery at Grangemouth. In April, the refinery’s workers walked out on strike against its owner, heavyweight chemical maker Ineos. The strike was the first to shutdown a U.K. refinery in 70 years. It also forced operator BP to shut down the Forties, squeezing 700,000 barrels of oil a day out of the U.K.’s fuel supply. Almost a third of that supply flowed from North Sea fields operated by NexenNXY. The Calgarybased operation had ramped up production at its new Buzzard field platform, which it operates with a 43% ownership interest, through 2007. The field had climbed to 54% of Nexen’s net income during the first quarter, surpassing operations in Yemen to become the company’s largest-yielding project. Nexen’s change in emphasis, from the less politically certain Yemen to more home-field plays like the North Sea and Canada, is just one example of a trend within the International Exploration & Production industry group. Behind the trend is the migration of oil-producing countries toward greater control over their domestic oil industries. The shift includes extreme moves, such as those made by Venezuela (see related story on this page). But it also includes a long list of players such as Nigeria, Libya and Algeria that want to attract investment but have a greater say over what those investments might produce. One group player that runs against that trendis ChinaNational Offshore Oil Corp.CEO, or CNOOC. Majority-owned by China’s communist government, CNOOC has expanded rapidly into new international territories the past several years. It snapped up petrochemical companies, built liquefied natural gas facilities and christened a $2.3 billion offshore development operation in Nigeria. It has attempted, but so far failed, to stake a large claim in the Caspian region.

1. Business Exploration and production means finding and delivering oil and natural gas — no matter where it sits. The international E&P group is small, with only two of 32 stocks topping $10 billion in mar-

ket capitalization. Compare that with the U.S. E&P group, with 11 stocks above $10 billion, or the International Integrated group, with 18 $10 billion-plus plays. The companies can bid for exploration contracts from host countries or they can buy out operators with existing shares of exploration or production agreements. Host governments care about bid prices, but are increasingly interested in other ways a company is willing to benefit their country. Hiring local labor and expertise is a big plus. So is a clean environmental record. Companies with expertise in particular geologic regions or in specific types of geologies often can better convince governments they are capable of finding and producing their claim. 00 Name Of The Game: Cherish your crystal ball and your drill bit. Lawyers and engineering expertise run a close second. Forecast oil and gas prices conservatively. Identify and invest in projects that promise the best return on investment with minimal risk. Find and hold the talent capable of fast, cheap, innovative project development.

2. Market Refiners are the biggest customers for oil producers worldwide. The buyers of natural gas vary: marketers, gas utilities, power production facilities, petrochemical refiners or industrial customers feeding local or regional markets. Liquefied natural gas is expanding the potential gas markets. But LNG is a small fraction of the overall natural gas market — it represents only 2% of the gas to northeast markets in the U.S., for instance. Refiners and governments are the biggest customers in the oil business. Internationally, there is sometimes a more active market for middlemen and speculative buyers. “But even companies the size of Nexen are generally contracting directly with the refiners,” said Randy Ollenberger, an analyst with BMO Capital Markets Canada.

3. Climate Robin West, founder and chairman of Washington-based advisers PFC Energy, told a recent industry conference that in 1970, integrated oil companies had access to 85% of the world’s total reserves. By 2007, that figure had slipped to just 7%. The remainder rested in the hands of national oil companies and Russian firms. In the vast movement toward na-

tionalization of oil industry resources, CNOOC sits at the opposite end of the spectrum from most other companies in its group. The company manages China’s offshore oil and gas activities, generally under partnerships with foreign companies. It also has become a key procurer of resources to secure China’s energy supply. Thecompany is, in itself, nationalized — two-thirds owned by the Beijing government. It netted a cool $1.2 billion in cash when it went public on the NYSE in 2001. In 2003, it launched an $18.5 billion bid for Unocal, the old Union Company of California. The offer topped an earlier, $16.8 billion pitch made by ChevronCVX. But money isn’t everything, even in the oil business. The CNOOC move ran into a great wall of opposition to acquiring a U.S.-based oil company. Controversy stirred, and CNOOC eventually withdrew its bid, leaving Unocal to settle at a $17 billion final deal with Chevron. The key target of CNOOC’s offer were Unocal’s major holdings in Kazakhstan, home to the vast and largely undeveloped Kashagan field. CNOOC made a second run at the region in 2006, offering $2.3 billion for the Nations Energy. The independently held Nations wasbased in Canada, but was Kazakhstan’s ninth largest oil operation. A group of western-based companies that lead the development partnership blocked CNOOC’s purchase. But Nations was later bought by CITIC Group, oneof China’s largest independently owned conglomerates.

4. Technology Big Oil always has been seen as the keeper of the keys to the industry’s latest and greatest technology. But most of the technology was developed by service operators like SchlumbergerSLB and HalliburtonHAL in the process of developing new resources or making existing plays economically feasible, says BMO’s Ollenberger. “That technology diffuses pretty rapidly out to the other players,” Ollenberger said, which means any technological advantage is short-lived. “There really isn’t a big technology advantage for the large guys vs. the smaller guys,” Ollenberger said. “I think the advantage that the large guys have is essentially their balance sheet.” Big oil clearly holds the advantage on projects like deepwater drilling or in the massive build-up required to make areas like Russia’s Sakhalin Island an economically feasible producing region.

But the narrower focus of smaller players such as Nexen, Dragon Oil or Harvest Energy mean top technology is well within reach. “We’re looking at very different types and sizes of properties,” said Harvest Chief Financial Officer Steven Tholen. “What is material to Harvest is certainly not material to Exxon.”

5. Outlook One question hangs over the oil trade like a thunderhead: Where will the price of oil settle? Every company and every expert has a different view. Some expect an eventual settling to as low as $65 a barrel. Others see a spike to $200 followed by rodeo-style volatility. Big oil producers have reluctantly raised their long-term operating models from the $20 range at the end of the 1990s to above $50. Many smaller producers use $75 as their yardstick. Here’s what is certain: The industry’s operating culture has grown much more complex. Remaining oil and gas reserves are becoming more difficult to find and develop. The rising energy needs of China, India and other developing nations are intensifying competition for resources and services. The trend of resource-bearing nations taking greater control over their assets is shifting the industry’s balance of power. Does this complexity, coupled with the industry’s steep cost inflation, mean smaller players are likely to be squeezed from the market? BMO’s Ollenberger says smaller players stand to benefit from the increasing number of hand-medown opportunities worldwide. “Either the project isn’t big enough to move the needle for the super major, or the area is too mature and the super major is moving on to where they think there are better prospects,” Another element, the paradigm shift caused by increased national ownership within the industry, also plays to the little guy’s favor. Thequestion is— according toJoseph Stanislaw, a private industry consultant to Deloitte & Touche and the former chief executive of Cambridge Energy Associates — how do you partner? “Smaller guys know they have to be real partners. When the big guys are negotiating, they want to be dominant and with a controlling share,” he said. 00 Upside: Demand could continue to rise as emerging markets such as China and India continue to develop. 00 Risks: A global recession could dampen demand and lead to a supply glut.

Hugo Chavez is no oil man. But the head of Venezuela’s leftist Bolivarian Revolution, first elected president in 1998, has come to represent a broad psychological shift in the oil business. The Venezuelan leader sacked much of the long-standing management and expertise at the stateowned oil giant Petroleos de Venezuela, or PdVSA, in 2002 and 2003. Three years later, his government bluntly revised the rules under which foreign oil producers profit from locating and producing oil and natural gas in the country. Media coverage has helped cast Chavez as a kind of grand marshal presiding over resource-bearing countries marching toward greater control over their assets and bigger shares of the profits those assets earned. But the trend is a long-standing challenge in the oil business. Case in point: Mexico’s nationalization of its production in 1938. Through the 1970s, Saudi Arabia took ownership of Aramco from what were then Exxon, Mobil, Texaco and ChevronCVX . The world’s largest offshore operator, Statoil, was established in 1972 with Norway as its majority shareholder. The rate of nationalization has more recently tracked skyrocketing oil prices. Ecuador ousted Los Angeles-based Occidental Petroleum OXY in 2006. Russia’s GazProm that same year grabbed a majority chair of the massive, $20 billion Sakhalin-2 liquid natural-gas project, forcing developers Royal Dutch Shell RDSA, Mitsui and Mitsubishi into minority positions. Nigeria told oil companies early this year it planned to renegotiate its production-sharing agreements, looking to increase its current, 55% stake in national production. In Venezuela, in 2006, a gaggle of heavyweights including Chevron, BPBP and TotalTOT conceded to the new terms, becoming minority players in projects they had developed. Exxon MobilXOM and ConocoPhillipsCOP refused. Rather than give in, they claimed breech of contract. Retaliating, Venezuela forced them to surrender assets across the country, including thosein the prolific, thick-crude fields of the country’s Orinoco belt. The holdouts focused their efforts elsewhere — including international courts, where they have fought to force Venezuela to pay for the broken agreements. Smaller players, including Harvest Natural ResourcesHNR, had fewer options. The Calgary-based company had moved into Venezuela in 1992, picking up rights to several fields in the northeast just above the Orinoco. PdVSA mothballed the fields in 1987. But before the shutdown, the properties had produced 73 million barrels of oil and had an estimated 12

million barrels in reserve. Harvest applied new technologies and methods. By the time Chavez rescinded the company’s production deal in 2006, Harvest had squeezed 113 million barrels of oil and 64 billion cubic feet of natural gas out of the properties. Proved reserves still in the ground had ballooned to 10 times original estimates. The Venezuelan project accounted for all of Harvest’s revenue through 2005. The company kept producing after the Chavez edict, as PdVSA and Venezuela’s government worked to fashion a “mixed company” to operate the project. Harvest delivered the crude and natural gas to PdVSA. PdVSA withheld payment but reimbursed Harvest’s operating costs. Company revenue toppled from $237 million in 2005 to nil. Still, Harvest chief financial officer Steven Tholen says he understands why governments would want to renegotiate contracts. Prices and long-term forecasts for oil were both around $20 a barrel when Harvest entered its initial contract. They’re more than $120 a barrel now and rising. “That whole curve shifted upward,” Tholen said. Prices had reached well into the $60 range when Venezuela nullified the deal. The mixed company, Petrodelta, finally formed in the fourth quarter of 2007. “The thing that was disappointing from our standpoint, and I think from the Venezuelan’s standpoint as well, is the amount of time it took to get from point A to point B here,” Tholen said. For its share, PdVSA contributed three new fields to project, boosting Harvest’s reserve base. PdVSA owns 68% of the total picture. Harvest’s share of production was more than halved. “We went from an 80% share to a 32% share,” Tholen said. Harvest, through Petrodelta, has begun seeing payments on its Venezuelan production. It is waiting for a lump-sumpayment for the hydrocarbons produced since April 1, 2006. Throughout the process, the company judiciously minded its cash. Its balance sheet fared surprisingly well. The first quarter filing showed $117 million in cash and no longterm debt. It also showed that Harvest had broadened its focus. The company bought into offshore exploration contracts in Gabon and Indonesia. This month, following the trend of smaller North American companies focusing efforts closer to home, Harvest announced its first contract along the U.S. Gulf Coast. The biggest downside, Tholen said, has been the decline in production at the Venezuelan fields. Harvest halted new drilling projects until the new contract and company was finalized at the end of 2007. “Our production there has fallen dramatically,” he said. “If this process had taken six months instead of two-and-a-half years we would have been in the field drilling and production would be significantly higher.”

Who’s Who In Oil and Gas Exploration and Production Stocks ranked by a combined EPS and Relative Strength

Rank

1 2 3 4 5 6 7 8 9

Company

Stock Mkt EPS Rel Price Val Revenue Qtr 2/3-yr Qtr Ticker Rtg ë Str (1 Day Ago) ($Mil) ($Mil) EPS% EPS % Rev %

Pretax ROE Margin

DRAGF 99 99 11.1 5662 596.6 67 70 84 19 64 Dragon Oil Ireland. Engaged in upstream oil and gas development and production in Turkmenistan. NXY 93 94 38.24 20293.4 7308 432 22 51 19.4 28.7 Nexen Inc. Calgary, Alberta. Explores and produces oil and gas in the North Sea and elsewhere. CEO 88 96 180.67 78416.112183.7 19 26.9 28 23.3 47.7 CNOOC Hong Kong. Explores, develops and produces crude oil and natural gas in China. STOSY 44 97 69.46 9932 2121.6 -26 16.8 0 25.7 46 Santos Australia. Engaged in oil and gas exploration and production worldwide. 4TYK 11 97 21.13 1047.1 35.9 .. .. 275 -4.1 -25 Tanganyika Oil Calgary, Alberta. Acquires, explores and develops natural resources in Syria and Egypt. ISRL 22 83 44.5 111.8 22.8 .. .. 488 -25.2 -51 Isramco Houston. Engaged in exploration and production of oil and gas in the U.S. and Israel. 363.6 11.2 .. .. .. 18.2 275.6 Harvest Natrl Rsrs HNR 47 36 10.27 Houston,. Acquires, explores, develops and produces oil and natural gas properties. APAGF 52 29 19.66 615.6 62.7 -15 26.2 7 18.3 64.1 Apco Argentina Tulsa, Okla. Explores and produces oil and gas in Argentina through joint ventures. 5NKO 16 65 88.44 4020.4 95.4 .. .. 8 -1.1 4.4 Niko Resources Calgary, Alberta. Explores and produces crude oil and natural gas in Asia.


A10 MONDAY, MAY 12, 2008

INVESTORS.COM

WEEK IN FUNDS

Sector funds

Diversified stock funds, total returns through May 8

U.S. Stocks Fall, Bonds Rise

Fund category

YTD

1 week

Fund category

U.S. stock funds slipped, breaking a three-week winning streak. Small-cap value was the worst hit, while specialty and large-cap and midcap growth eked out gains. Resources led sectors higher. Gold, Europe, Japan and Latin America lifted world equities. TIPS led a bond rally.

Large-cap growth Large-cap core Large-cap value Multi-cap growth Multi-cap core Multi-cap value Mid-cap growth

-5.03 % -4.75 -4.50 -5.88 -4.22 -4.33 -5.12

0.04 % -0.58 -0.93 0.06 -0.23 -0.75 0.48

Mid-cap core Mid-cap value Small-cap growth Small-cap core Small-cap value S&P 500 funds Equity income

Source: Lipper Inc.

YTD

1 week

Fund category

-2.36 % -2.80 -9.30 -5.33 -3.19 -4.32 -3.49

0.38 % -0.33 -0.54 -0.78 -1.04 -0.79 -0.77

Specialty diversified Dedicated short bias Equity market neutral Long/short U.S. diversified equity World equity

Selected bond funds

YTD

1 week

Fund category

5.25 % 1.32 -0.40 -4.34 -4.64 -3.69

2.36 % 0.70 0.45 -0.06 -0.31 0.69

Health/biotechnology

-8.67 % -1.56%

Financial services

-8.49 % -3.39 %

Natural resources

9.97

6.29

Real estate

4.40

-1.63

Science & technology

-7.93

-0.41

Specialty/misc.

-0.02

0.09

Telecommunication

-12.04

-0.56

Gold oriented

4.62

7.54

Utilities

-4.52

-0.22

YTD

1 week

Fund category

YTD

1 week

Fund category

TIPS Interm. invest. grade GNMA Corp. debt A rated High yield World income General muni

YTD

1 week

3.44 % 0.77 2.60 0.54 0.35 3.03 -0.48

0.55 % 0.20 0.28 0.19 0.13 0.01 0.11

FUNDS & PERSONAL FINANCE Interest Rates Can Affect Estate Moves Use A Trust For Income IRS rate tables dictate how much of your gift to a trust will be taxable BY DONALD JAY KORN FOR INVESTOR'S BUSINESS DAILY

Low interest rates are good for borrowers but tough on savers. They also can impact estate planning. Low rates make some techniques more appealing. That includes grantor retained annuity trusts (GRATs). But low rates work against other estate planning moves, such as qualified personal residence trusts (QPRTs), for example. With a GRAT, you create a trust and transfer assets into it. Those could be stocks, bonds, funds or shares of a family business. They’re mainly used as a tool for removing large amounts of assets from a taxable estate while cutting gift tax. Asthe grantor, youcan set upan annuity-like stream of income. The trust makes periodic payments to you. You set the trust term. By the end of the term, you will have gotten back the amount you transferred, plus interest. “It’s called a ‘zeroed-out’ GRAT because the present value of the annuity (at the outset) equals the value of the property you put in the trust, thereby negating the gift,” said Blanche Lark Christerson, managing director at Deutsche Bank Private Wealth Management. Once the trust terminates, any as-

sets left go to beneficiaries that you named. If the trust has earned more than the return paid toyou, the beneficiaries will get that excess. That’s where interest rates come in. Therate usedin valuinga GRAT’s annuity is the “7520” rate, published each month by the IRS. It is named after a section of the tax code. “That rate is what the IRS assumes is a reasonable return at the time of the transfer,” Christerson said. The current rate is 3.2%. That’s the lowest it has been since August 2003. It’s less than half what it was for much of the 1990s. If you create a GRAT annuity using that current rate, you’ll avoid the gift tax. The length of the payout period does not change the rate. But size of each payment varies according to the length of the trust and the interest rate.

Greenbacks From GRAT Say you give $1 million of stocks to a three-year GRAT. You set up the trust so that you will get about $355,000 a year. That annuity is paid by the GRAT. It does not have to buy it from an insurance company. At that payout rate, your return would be 3.2% a year. The IRS considers that a fair return. So in its view you have not made a taxable gift to the GRAT. If you take out more than that, you boost your income but trim any legacy balance. That defeats the gift-taxfree purpose of the strategy. On the other, if your payout is based on 3.2% but the stocks earn more than 3.2% a year, there will be gift-tax-free assets left in the trust

Rates For GRATs As interest rates fall, it’s easier for a grantor retained annuity trust to cut estate taxes IRS interest rates as of May ’08 10% 8 6 4 2 0 ’92 ’94 ’96 ’98 ’00 ’02 ’04 ’06 ’08 Source: tigertables.com

for the beneficiaries. If the stocks earn 8% a year, nearly $108,000 would pass to the beneficiaries, without gift tax. A GRAT works especially well if you give shares of a family business growing by, say, 10% or 15% a year. You could transfer some of the value to your children or grandchildren tax-free. The lower the official interest rate, the smaller the payments you can take from the GRAT and avoid gift tax, and the more that can be passed to loved ones. But interest rates have the opposite effect on a QPRT. Here you give a house to a trust. It can be your residence or a vacation home. Similar to the GRAT, the purpose of a QPRT is to remove assets from your taxable estate at a reduced gift-tax value. You set the term of the trust. During the term of the trust, you can live in or vacation at the house. When the trust ends, the house goes to ben-

Growth Funds Leading The Market These funds are among the top 25% in 2- year performance

eficiaries — perhaps your children. That’s the big difference between a GRAT and a QPRT. With a GRAT, you get your money back, plus a return. With a QPRT, you give away the house.But the delay in the gift reduces its value, when calculating gift tax. “The higher the 7520 rate, the lower the value of the future gift,” Christerson said. Suppose you make an outright gift of a $1 million house. That would be valued as a $1 million gift. But say your kids have to wait a year with the house in a QPRT. If the 7520 rate was 3%, the present value of the future gift would be about $970,000. If the 7520 rate was 10%, the present value of a $1 million gift, one year from now, would be around $900,000.

Trimming Tax So a higher 7520 rate means a lower taxable gift. And a lower rate means a higher taxable gift. Say you give a $1 million house to a 10-year QPRT now, when the 7520 rate is 3.2%. Your taxable gift would be valued at more than $600,000. If the same transaction were done when the rate was 7%, your taxable gift would be only $425,000. Given that rates seem poised to rise, it might be tempting to wait before using a QPRT. But the value of the asset might rise at a faster pace. That would offset your higher-rate gain, Christerson says. 00 E X P A N D E D F U N D L I S T I N G S A T WWW.INVESTORS.COM/MOREFUNDS 36 Mos Preformance Rating Fund

Mutual Fund Performance

IN OUR OPINION, ALL 12 MEMBERS OF OUR NO-LOAD FUND FAMILY DESERVE SPECIAL ATTENTION

THE VALUE LINE FAMILY OF FUNDS Consider the following five Value Line Mutual Funds: ● Value Line Larger Companies Fund ● Value Line Fund ● Value Line Tax Exempt Fund ● Value Line U.S. Government Securities Fund ● Value Line Cash Fund Value Line offers a Family of 12 no-load mutual funds for investors seeking a variety of objectives such as capital growth, capital preservation, current income, or a combination of all three. For more information and a prospectus call today

1-800-243-2729 www.vlfunds.com

—A—

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

C Charter m – 3 + 2 +63 15.42n –.08 D Constellatn m – 9 + 4 +47 24.54n –.14 A+Energy m +16 + 23+289 48.77n +.05 A Intl Growth m – 6 + 5+147 27.91n –.12 C Lrg Cap Gr m – 7 + 5 +57 11.59n –.05 C+Mid Core Eq m – 1 + 3 +61 19.32 –.01 AIM Funds C $ 3.6 bil 800–959–4246 E Basic Value m – 7 + 1 +52 26.55n –.08 C Charter m – 3 + 2 +63 15.46n –.08 D Constellatn m – 9 + 4 +47 24.53n –.15 A+Develp Mkts m – 9 0+320 29.61n –.07 A+Energy m +16 + 23+288 47.60n +.05 A Intl Growth m – 6 + 5+147 27.94n –.12 AIM Funds Instl $ 3.4 bil 800–554–1156 D–Basic Value – 7 + 2 +61 30.28n –.10 E Core Bond + 1 + 1 .. 10.13 .. B+Dynamics – 8 + 2 +93 22.60n –.03 D High Yield + 1 + 5 .. 4.18 –.01 A Intl Growth – 6 + 5+160 30.67n –.13 A–IntlCoreEq – 4 + 8 .. 13.80n –.10 B–Lrg Cap Gr – 7 + 5 .. 12.63 –.06 B Sml Cap Gr b – 6 + 3 +82 28.07n –.04 AIM Funds P $ 2.2 bil 800–959–4246 B+Summit P b – 2 + 5 +94 14.58n –.09 AIM Funds Investor $ 6.6 bil 800–554–1156 Basic Bal b – 4 + 1 .. 12.61 –.03 Diverse Div b – 2 + 3 .. 12.24 –.05 B Dynamics b – 8 + 2 +89 21.88n –.04 A+Energy b +16 + 23+320 51.80n +.06 A+Euro Grwth m – 6 + 6 .. 40.10 –.13 E Finl Svcs b –10 – 2 16.65n –.08 GlbHlthCare – 9 – 2 .. 26.39 –.07 A+Gold&Prec b + 7 + 2+231 7.93 –.01 D Leisure b – 5 – 1 +52 41.09n –.05 C+Lrg Cap Gr b – 7 + 5 .. 12.43 –.06 Sml Cap Gr b – 7 + 3 .. 27.80 –.04 D Technology – 8 + 9 +49 28.19n +.07 Al Frank Funds $ 218 mil 888–263–6443 C AlFrnk – 6 + 2+121 29.04 –.10 Alger Funds A $ 1.5 bil 800–992–3863 A+Capital Appr – 9 + 3+112 14.04 .. B–Large Cp Gr .. .. no quote A–Mid Cap Gr .. .. no quote A–Small Grow –12 – 1+119 6.63 +.02 Alger Instl $ 3.0 bil 800–992–3863 A Cap Appr .. .. no quote A–Mid Cap Gr .. .. no quote A–Small Grow –12 – 1+116 25.04n +.05 Allegiant I $ 4.2 bil 800–622–3863 C–Bal Alloc b – 2 + 4 +52 10.85n –.03 E Bond + 2 + 2 +12 10.17n +.01 D–Govt Mort b + 2 + 2 +13 9.29n –.01 A Intl Equity b – 1 + 8+140 18.02n –.14 D–Intrmd Bond + 3 + 1 +13 10.89n +.01 C+Lg Cap Val b – 4 + 4 +69 16.69n –.13 D+LgCapCore I b – 4 + 4 +48 11.77n –.03

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

C–LgCapGro I b – 6 + 5 +37 18.42n –.04 B Mid Cap Val b – 4 + 1 +92 13.19n –.02 D–SmallCpCore b – 4 + 4 .. 11.00n –.04 E Tot Retrn b + 2 + 2 +11 10.24n +.01 Alliance Brnstn A $ 24.0 bil 800–221–5672 C Bal Wealth – 3 + 4 .. 13.24 –.05 D–Balanced – 6 0 +39 15.69 –.05 B Global Tech – 9 + 9 +70 70.71 –.30 C+GloblBond + 2 + 2 +33 8.13 +.01 D Gr & Inc – 9 – 1 +57 3.84 –.02 D Growth – 9 + 6 +61 37.93 –.19 B–HiIncome b + 1 + 3 +51 8.42 .. A+Intl Growth – 2 + 9+190 20.41 –.11 A+Intl Res Gr – 2 + 9+152 16.61 –.10 A Intl Val – 3 + 10+152 21.44 –.22 C Lrg Cp Grow – 7 + 8 +48 21.92 –.07 B–MidCapGr – 7 + 2 +91 5.35 +.01 E Muni CA 0 0 +13 10.70 +.02 E Muni Natl 0 0 +15 9.85 +.02 E Muni NY + 1 0 +15 9.75 +.02 E Qual Bond 0 +1 10.21 .. B–Sm Cap Gr –11 + 4 +86 27.49 –.03 B–Sml Mid Val + 1 + 5 +93 15.45 –.01 D TaxMgdBal – 2 + 2 +40 12.69 –.02 D–Value – 7 0 +52 11.67 –.09 B Wealth Appr – 5 + 6 .. 15.09 –.08 D Wealth Pres – 1 + 2 .. 11.74 –.03 Alliance Brnstn Adv $ 6.4 bil 800–221–5672 A+Intl Growth – 2 + 9+194 20.62n –.11 A Intl Val – 3 + 10+153 21.80n –.23 C+Lrg Cp Grow – 7 + 8 +50 22.81n –.08 B–TaxWlthAppr – 5 + 6 .. 14.85n –.08 D–Value – 7 0 +55 11.75 –.09 B Wealth Appr – 5 + 6 .. 15.14n –.09 Alliance Brnstn B $ 4.6 bil 800–221–5672 C–Bal Wealth – 3 + 4 .. 13.16n –.05 E Balanced – 6 0 +36 14.76n –.05 B–Global Tech – 9 + 9 +63 62.45n –.26 D–Gr & Inc –10 – 2 +54 3.77n –.02 A Intl Val – 4 + 10+145 21.02n –.22 C–Lrg Cp Grow – 7 + 8 +42 19.36n –.07 B–Wealth Appr – 5 + 5 .. 14.89n –.09 D–Wealth Pres – 1 + 2 .. 11.68 –.02 Alliance Brnstn C $ 6.2 bil 800–221–5672 C–Bal Wealth – 3 + 4 .. 13.17n –.06 C–GloblBond + 1 + 1 +30 8.16n +.01 D–Gr & Inc –10 – 2 +54 3.78n –.02 C+HiIncome b 0 + 2 +47 8.51n .. A Intl Growth – 2 + 9+181 18.66n –.11 A Intl Val – 4 + 10+147 21.03n –.22 C–Lrg Cp Grow – 7 + 8 +42 19.44n –.07 C+Sml Cap Val + 1 + 5 +76 14.82n –.01 B–Wealth Appr – 5 + 5 .. 14.90n –.08 D–Wealth Pres – 1 + 2 .. 11.67 –.03 Alliance Brnstn I $ 5.0 bil 800–221–5672 B+GlbRlEstII – 2 + 6+119 11.39n –.15 A Intl Val – 3 + 10 .. 21.35 –.22 A Intl Val – 3 + 10 .. 21.29 –.22 A Intl Value – 3 + 10 .. 21.49 –.23

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Rating Chg Chg Tax% Value

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value

How To Read Mutual Fund Tables & Graphs

or contact your broker or financial professional.

You should carefully consider investment objectives, risks, charges and expenses of Value Line Mutual Funds before investing. This and other information can be found in the funds’ prospectus, which can be obtained from your investment representative or by calling 1.800.243.2729 or visiting www.vlfunds.com. Please read it carefully before you invest or send money. Value Line Mutual Funds are distributed by Value Line Securities, Inc. 2008. VALUE LINE

1-800-243-2729

36 Mos 2008 12 Wk 5 Yr Net % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

A+† AcadEmMkt – 2 + 9+401 30.69n –.11 Access One $ 354 mil 888–776–3637 E HiYield Inv – 1 – 7 .. 26.01n –.02 Accessor Funds $ 934 mil 800–759–3504 A Intl Equity – 5 + 9+153 22.84n –.15 D Small to Mid – 6 0 +91 29.03n .. Advance Cap I $ 963 mil 800–345–4783 D Balanced – 3 + 3 +37 17.14n –.02 B Equity Gr – 3 + 6 +79 23.78n –.02 E Retire Inc – 1 0 +10 9.20n +.01 AdvisorOne Funds $ 905 mil 866–811–0225 D+Amerigo N – 2 + 6 +66 15.06n –.07 + 4 + 6 +60 12.76n –.06 D † AegisVal AIM Funds A $ 32.0 bil 800–959–4246 A+AsianPacGr m –11 – 1+244 25.46 +.01 D–Basic Bal b – 4 + 1 +42 12.61 –.03 D–Basic Value b – 7 + 2 +57 29.34 –.09 B Cap Dvlp b – 8 + 1 +78 16.84 –.03 C+Charter b – 2 + 3 +67 16.07 –.09 D+Constlatn b – 9 + 4 +52 26.86 –.16 A+Develp Mkts m – 9 0+332 30.65 –.07 D Diverse Div b – 2 + 3 +63 12.24 –.05 B Dynamics b – 8 + 2 +89 21.89 –.03 A+Energy b +16 + 23+305 51.98 +.06 A+Euro Grwth m – 6 + 6+195 40.17 –.13 A+Euro Sm Co m – 2 + 9+327 22.45 –.09 D GlbHlthCare b – 9 – 2 +52 26.39 –.07 B–Glbl Equity b – 4 + 7 +91 14.26 –.05 B+Glbl Growth m – 5 + 6+101 25.41 –.10 A GlblSmMidGr m – 9 + 2+154 22.05 –.09 GlobRealEst b – 1 + 5 .. 13.39 –.16 B Grow Alloc b – 5 + 5 .. 13.53 –.04 E Hi Inc Muni 0 – 1 +14 8.29 +.02 D High Yield m + 1 + 5 +31 4.18 –.01 E Income b – 2 +1 5.78 +.01 Intl Alloc – 6 + 4 .. 13.24 –.09 A Intl Growth – 6 + 5+155 30.22 –.13 A+Intl Sml Co m – 6 + 3+297 21.00 –.05 C+Lrg Cap Gr b – 7 + 5 +62 12.35 –.05 B–Mid Core Eq b – 1 + 4 +68 23.36 –.01 C–Mod Alloc b – 4 + 3 .. 11.91 –.02 ModGrAlloc b – 4 + 4 .. 12.59 –.04 B MultiSector b – 1 + 6 +85 27.73 +.01 E Muni Bond b + 1 0 +11 7.91 +.02 B+Real Estate b + 7 + 11+131 24.39 –.16 D–Select Eq b – 9 0 +57 19.15 –.05 B Sml Cap Eq b – 4 + 6 +80 11.26 –.01 B Sml Cap Gr b – 7 + 3 +77 27.08 –.04 D Technology b – 8 + 9 +49 28.44 +.07 D–TrmrkSmCos b –12 – 3 .. 12.79 +.05 E USGovt + 3 +1 8.68 +.01 A Utilities b – 4 + 3+136 18.93 .. AIM Funds B $ 5.5 bil 800–959–4246 E Basic Bal m – 5 + 1 +38 12.57n –.03 E Basic Value m – 7 + 1 +52 26.55n –.09 36 Mos Fund Preformance Rating

or visit our website at

www.vlfunds.com

36 Mos Preformance Rating Fund

For Friday, May 9, 2008

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

E Intmd Dur 0 + 1 +11 14.93n .. Allianz A $ 8.1 bil 800–426–0107 B+CCM Mid Cap – 3 + 9 +95 26.27 +.06 C CCMCapAppr – 7 + 4 +63 19.06 –.11 A–NACM Intl – 6 + 7 .. 19.63 –.12 B NFJ Div Val – 3 + 4 +90 15.96 –.06 NFJ IntlVal + 1 + 10 .. 26.57 –.13 C+NFJLrgCpVal – 4 + 3 +83 18.35 –.17 D+NFJSmlCpVal + 3 + 7 +80 30.45 –.07 A–OCC Target – 2 + 7+108 23.29 –.13 E OCC Value –14 – 4 +34 11.62 –.08 D+OCCRenaiss – 2 + 5 +82 17.41 –.05 Allianz Admin $ 1.4 bil 800–426–0107 B+CCM Mid Cap – 3 + 9 +97 26.74n +.07 C+CCMCapAppr – 7 + 4 +64 19.15n –.10 D+NFJSmlVal + 3 + 7 +79 30.43n –.07 Allianz B $ 1.5 bil 800–426–0107 B NFJ Div Val – 3 + 3 +86 15.94n –.06 D NFJSmlCpVal + 2 + 7 +74 29.28n –.07 E OCC Value –14 – 4 +30 11.06n –.08 D OCCRenaiss – 3 + 5 +74 15.16n –.05 Allianz C $ 4.0 bil 800–426–0107 B NFJ Div Val – 3 + 3 +86 15.90n –.06 D NFJSmlVal + 3 + 7 +74 29.31n –.07 B+OCC Growth – 3 + 7 +76 24.32n –.17 E OCC Value –14 – 4 +30 11.09n –.07 D OCCRenaiss – 3 + 5 +73 14.99n –.05 A–OCCTarget – 3 + 7+100 19.53n –.11 Allianz D $ 504 mil 800–426–0107 B+RCM Tech –11 + 7+130 44.77n –.08 Allianz Instl $ 5.5 bil 800–426–0107 B+CCM Mid Cap – 3 + 9 +99 27.60n +.07 C+CCMCapApprc – 7 + 4 +66 19.73n –.11 E CCMEmergCos –10 + 1 +54 17.78n +.04 B+NFJ Div Val – 3 + 4 +93 16.10n –.06 B NFJSmlCpVal + 3 + 7 +96 31.65n –.08 C+RCM Lrg Gr – 7 + 5 +48 13.87n –.10 A–RCM Tech –10 + 7+134 46.35n –.07 B+RCM Tech –11 + 7+130 45.22 –.08 D † AlphaHedg .. .. no quote Alpine Funds $ 3.8 bil 888–785–5578 C+Dynamic Div – 6 + 4 .. 10.89 –.07 A–Intl RealEst – 7 + 3+188 36.30n –.31 D+RltyInc&GrY + 6 + 9 +85 20.32n –.15 Am Beacon AMR $ 1.7 bil 800–388–3344 A–Intl Equity – 4 + 7+136 22.02n –.14 C+Large Cap Val – 5 + 2 +96 22.04n –.16 D+Sml Cap Val + 1 + 7 +89 17.68n –.01 Am Beacon Inst $ 6.4 bil 800–388–3344 A EqIdxInstl – 3 + 8+141 12.95n –.10 A–Intl Equity – 4 + 7+134 21.86n –.13 C+Large Cap Val – 5 + 2 +94 22.27n –.16 C–S&P 500 – 5 + 3 +60 18.80n –.12 D Sml Cap Val + 1 + 6 +90 17.77n –.01 D–TreasInfPrC + 5 + 2 .. 10.67n +.04 Am Beacon Pln $ 7.0 bil 800–388–3344 A–Intl Equity – 4 + 7+132 21.59n –.13 C Large Cap Val – 5 + 2 +92 21.22n –.15

No-Load Mutual Funds

Fund tables list 4,000 funds in the IBD Monday Special/IBD Weekly Special edition and 2,200 funds on other days. The list is composed of funds with a 36-Month Performance Rating of A+, A or A- and with at least $200 million in assets, plus funds ranked by assets regardless of performance rating. All other funds can be found at www.investors.com/data and at dailygraphs.com’s Fund Center. O Denotes independent fund that does not belong to family listed above. Each 36-Month Performance Rating, vs. all other mutual funds, is recalculated each month on a total return basis. All dividends and capital gains included. Daily accrual fund returns are calculated on a monthly basis. A+=Top 5%, A=Top 10%, A#=Top 15%, B+=Top 20%, B=Top 25%, B#=Top 30%, C+=Top 35%, C=Top 40%, C#=Top 45%, D+=Top 50%, D=Top 60%, D#= Top 70%, E=Below 70%. A+, A, A# and B+ 36-Month Performance Ratings are all boldfaced. % changes are on a total return basis. Top 2% of funds in % performance yesterday are boldfaced. Performance of income funds may be compared to other income funds, bond funds to other bond funds, etc. Fund company family names are boldfaced. Fund family assets as of 03/31/08. b=assets used to pay 12(b)(1) plan distribution costs, r=redemption charge may apply, n=no initial load and appears after Net Asset Value, m=multiple fees, p=previous day’s quote, s=split, x=ex-dividend or capital gains distribution. 5-Yr After Tax Rtn=5 year after-tax return assuming an average ordinary income tax rate of 35% on dividends and a 15% long-term capital gains tax rate. The top 25% of growth funds for the past 2 years that are beating the S&P 500 this year are shown graphically each day on the first Mutual Funds page. All figures are on a total return basis. Funds shown in the two daily performance lists have at least $125 million in assets and a 36-Month Performance Rating of B or better, unless otherwise noted.


MUTUAL FUND PERFORMANCE

INVESTOR'S BUSINESS DAILY

36 Mos Preformance Rating Fund

Top Growth Funds

Top Growth Funds

Last 3 Months (All Total Returns)

Last 36 Months (All Total Returns)

Performance % Change Rating $ Net Last 3 Mos 36 Mos Assets Mutual Fund

Mutual Fund

36 Mos Preformance Rating Fund

" " " " "

18 18 17 16 14

B" B" A" A" A"

240 mil 283 mil 6.1 bil 11.9 bil 538 mil

CGM Focus J Hancock B Lrg Cap Eq Amer Cent Inv Giftrust Amer Cent Inv Heritage Janus Orion

" " # # #

9 11 7 7 1

A" A" A" A" A"

6.1 bil 163 mil 1.2 bil 2 bil 4.7 bil

Janus Adv S Forty CGM Mutual Hennessy Funds Focus30Orig Quaker Strat Gr A CGM Cap Dvlp

" " " " "

13 13 13 13 12

A" A A A A"

3.5 bil 598 mil 146 mil 809 mil 493 mil

Eaton Janus Janus Janus Janus

Vance A MultiCapGr Twenty Contrarian Adv S Forty Aspn Inst Forty

" " # " "

2 6 6 4 4

A" A" A" A" A"

167 mil 11.9 bil 8.3 bil 3.5 bil 538 mil

Fidelity Independnc Frank/Tmp Fr A Dynatech J Hancock B Lrg Cap Eq Jennison Dryden B 20/20 Focus Wells Fargo Advtg A Endv Select

" " " " "

12 12 11 11 11

A" B A" A# B

6 bil 458 mil 163 mil 154 mil 191 mil

Fidelity Independnc CGM Cap Dvlp HSBC Investor Sm Cap Eq CGM Mutual Blackrock A US Opport

" " " " #

3 5 1 6 3

A" A" A" A A

6 bil 493 mil 137 mil 598 mil 307 mil

Morgan Stan A Cap Opps Rydex H Sect Rot Morgan Stan B FocGrowth Natixis CGM TargEqA Wells Fargo Advtg Ad CapitalGrow

" " " " "

10 10 10 10 10

A A# B" A B

278 179 524 750 704

mil mil mil mil mil

Janus Aspn Inst Mid Cap Gr Morgan Stan A Cap Opps Janus Adv S Mid Cap Gr Harbor Mid Gr Instl Columbia Z Small Gr I

0 # 1 0 # 7 # 8

A A A A A

508 278 135 283 265

Eaton Vance A MultiCapGr Hartford HLS IA Mid Cap Royce Premier Inv JP Morgan Selct Lg Cap Gr Baron iOpport

" " " " "

10 10 9 9 9

A" A# A B" A

167 mil 2.4 bil 3.5 bil 594 mil 211 mil

Janus Enterprise TCM TCMSmGr Morgan Stan Ins MidCapGr I Hartford L Grwth Opps Royce Premier Inv

0 9 2 8 5

A A A A A

1.9 bil 493 mil 1.8 bil 617 mil 3.5 bil

U.S. Stock Fund Cash Position High (11/01) 5.3% Low (12/06) 3.4% OCT NOV DEC JAN FEB MAR 36 Mos Preformance Rating Fund

06 06 06 07 07 07

3.9% 3.9% 3.4% 3.8% 3.8% 3.6%

APR MAY JUN JUL AUG SEP

07 07 07 07 07 07

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

D Sml Cap Val + 1 + 6 +88 17.35n –.01 Amana Funds $ 1.0 bil 800–728–8762 A–Growth .. .. no quote A–Income .. .. no quote Amer Cent A $ 5.5 bil 800–345–2021 D+Equity Gr – 5 + 4 +63 23.00n –.12 D+Equity Inc – 3 + 2 +48 7.53n –.03 A–FundmtlEq – 5 + 3 .. 13.87 –.09 A+Heritage – 7 + 6+143 20.03n +.04 D–Inc & Gr – 5 + 1 +51 27.20n –.18 A IntlGrowth – 3 + 8+127 13.31n –.08 D LrgCoVal – 6 + 2 +60 6.69n –.04 B+RealEstate + 7 + 9+105 22.61n –.21 D StrAllCon – 1 + 2 +34 5.47n –.02 B StrAlloAgg – 4 + 4 +72 7.89n –.03 C+StrAlloMod – 2 + 3 +54 6.63n –.02 D–Value – 3 + 1 +43 5.96n –.05 Amer Cent Adv $ 1.8 bil 800–345–2021 B–Growth – 4 + 7 +65 24.86n –.15 D–Infltn Adj + 4 + 1 +22 11.59n +.03 E Small Co – 4 + 4 +77 7.88n +.01 D+Sml Cap Val – 3 + 4 +63 7.36n .. A Vista – 9 + 5+123 19.23n +.01 Amer Cent Instl $ 7.3 bil 800–345–2021 D–Divers Bd + 3 + 2 +15 10.41n .. D+Equity Income – 3 + 2 +50 7.53n –.04 C–Equity Index – 5 + 3 +59 5.54n –.03 C–EquityGrow – 5 + 5 +65 23.04n –.13 B Growth – 4 + 7 +68 25.46n –.15 A+Heritage – 6 + 6+148 20.87n +.04 D Income & Gr – 5 + 1 +53 27.26n –.18 D LrgCoVal – 6 + 2 +63 6.70n –.04 B+Real Estate + 7 + 9+108 22.64n –.22 D+Sm Cp Value – 2 + 4 +65 7.41n .. E Small Co – 4 + 4 +80 8.02n +.01 B–StrAlloMod – 2 + 3 +57 6.63n –.03 D Value – 3 + 2 +45 5.98n –.04 A Vista – 8 + 5+128 20.20n +.01 Amer Cent Inv $ 54.8 bil 800–345–2021 B 1ChoiceAggr – 3 + 4 .. 13.45n –.04 D+1ChoiceCon 0 + 3 .. 11.37n –.02 C+1ChoiceMod – 2 + 4 .. 12.41n –.03 D Balanced – 2 + 3 +39 15.61n –.04 E CA Hi Yld – 1 – 1 +13 9.56n +.03 E CA LgTmTxFr 0 0 10.94n +.03 E CA TxFreeBd + 1 0 11.02n +.02 D Capital Val – 6 + 2 +61 7.30n –.04 D–Divers Bd + 3 + 2 +14 10.41n .. A+Emerg Mkts –10 + 2+303 10.18n –.05 C–Equity Index – 5 + 3 +58 5.53n –.04 D+EquityGrow – 5 + 4 +64 23.03n –.12 D+EquityInc – 3 + 2 +49 7.53n –.04 A+Giftrust – 7 + 6+147 29.71n +.06 D–Ginnie Mae + 3 + 1 +11 10.39n –.01 A+Glbl Gold Eq + 1 – 3+178 22.51n –.05 A GlblGrwth – 4 + 8+132 10.11n –.05 E Govt Bond + 2 0 0 10.94n .. B–Growth – 4 + 7 +67 25.25n –.15 A+Heritage – 7 + 6+146 20.49n +.04 D Income & Gr – 5 + 1 +52 27.24n –.17 D–Infltn Adj + 4 + 1 +24 11.61n +.03 D–Intl Bond + 7 + 4 +39 15.48n +.14 A+Intl Disc – 6 + 6+185 13.17n –.03 A IntlGrowth – 3 + 8+129 13.34n –.07 C+Livestr2025 – 1 + 4 .. 12.22n –.03 D LrgCoVal – 6 + 2 +62 6.70n –.04 C+Mid Cp Val – 1 + 3 .. 11.12n –.04 B+New Opport – 9 + 3 +84 7.34n +.01 A–New Opps II – 9 + 3+113 7.99n +.02 B+Real Estate + 7 + 9+107 22.60n –.21 D Select – 6 + 5 +39 38.66n –.18 E ShTerm Govt + 2 0 9.59n –.01 D+Sm Cp Value – 2 + 4 +64 7.39n .. E Small Co – 4 + 4 +79 7.99n +.01 B StrAlloAgg – 4 + 4 +73 7.91n –.03 D StrAlloCon – 1 + 3 +35 5.48n –.01 B–StrAlloMod – 2 + 3 +56 6.63n –.02 B–Target 2010 + 3 0 +45 101.06n +.06 D+Target 2015 + 4 + 1 +31 89.52n +.20 D–Target 2020 + 2 + 1 +33 66.25n +.18 D–Target 2025 0 + 2 +56 56.59n +.28 E Tax Free + 2 0 +10 10.77n +.03 D–Ultra – 8 + 5 +37 22.85n –.13 A–Utilities – 6 + 1+125 17.53n –.03 D Value – 3 + 2 +45 5.97n –.04 B+VeryAggress – 5 + 5 .. 14.14n –.06 A Vista – 8 + 5+126 19.74n .. Amer Indepen $ 532 mil 888–266–8787 E KSTaxExBdIn r + 2 0 10.63n +.02 American Fds B $ 44.3 bil 800–421–4120 D AMCAP – 7 + 1 +47 18.17n –.10 D–Balanced – 4 + 1 +41 18.30n –.08 E BondFdAm 0 0 +12 12.86n +.02 E Cap Wrld Bd + 4 + 3 +29 20.35n +.10 B CapIncBldr – 4 + 3 +70 59.71n –.16 A CpWrldG&I – 4 + 5+133 42.62n –.22 A EuroPac Gr – 4 + 5+151 48.22n –.27 B+Fundmntl – 3 + 5 +97 40.91n –.21 B Gr Fd Amer – 2 + 5 +82 32.12n –.19 D Hi Inc Tr 0 + 4 +27 11.63n –.02 D+Inc Fd Am – 4 + 2 +50 18.27n –.07 E Interm Bond 0 – 1 13.29n +.02 D+Inv Co Am – 5 + 1 +54 30.89n –.19 D Mutual – 4 + 2 +49 26.99n –.13 B New Econ – 8 + 2 +85 24.01n –.18 A–New Pers – 4 + 4+114 32.04n –.21 A+New World – 3 + 4+222 56.80n –.21 A SmCpWrld – 8 + 1+143 36.00n –.04 E US Gov Sec + 1 + 1 13.68n +.01 D Wash Mut – 5 + 2 +52 31.66n –.18 American Funds A $ 731 bil 800–421–4120 2015TgtRet – 3 + 3 .. 10.33 –.04 2020TgtRet – 4 + 3 .. 10.32 –.05 36 Mos Fund 2008 12 Wk 5 Yr Net NAV Preformance % % After Asset Chg Rating Chg Chg Tax% Value

36 Mos 2008 12 Wk 5 Yr Net Preformance % % After Asset NAV Rating Fund Chg Chg Tax Rtn Value Chg 3.7% E MicroCapGr –20 – 7 +35 12.62n +.04 3.9% Blackrock A 3.9% $ 34.7 bil 800–441–7762 3.9% 3.9% A+AllGlobRes m +17 + 21 .. 24.19 –.03 – 1 + 4 +52 15.28 –.03 3.9% C Asset Allo b E Aurora b – 8 + 3 +57 20.35 +.06 C–BalCaptial – 1 + 4 +45 25.82 –.14 36 Mos 2008 12 Wk 5 Yr Net C BasicVal – 3 + 4 +63 28.67 –.24 Preformance % % After Asset NAV – 2 + 4+104 19.73 –.04 Rating Fund Chg Chg Tax Rtn Value Chg A–Equity Div B+Eurofund r – 5 + 9+109 18.96 –.07 D AMCAP – 6 + 1 +51 18.87 –.10 B–Fndmtl Gr – 5 + 6 +69 22.17 –.11 D Balanced – 3 + 1 +45 18.37 –.08 A–Glob Alloc + 1 + 3+104 19.96 –.03 E Bd Fd Am 0 + 1 +15 12.86 +.02 A+Glob Growth – 7 + 5+176 17.72 –.11 B CapIncBldr – 4 + 3 +74 59.71 –.16 A+Glob Res b +25 + 25+415 72.89 +.15 A CapWld G&I – 3 + 5+139 42.87 –.22 A–Glob SmCp – 3 + 6+120 24.71 +.02 D–CapWrldBd + 5 + 3 +33 20.50 +.10 GlobDynEq – 2 + 4 .. 13.60 –.07 A+EuroPac Gr – 4 + 6+157 48.98 –.27 E Govt Inc + 2 –1 10.67 .. A–Fundmntl – 2 + 5+104 41.04 –.21 B+HealthSciOp b – 8 – 4+120 27.49 –.15 B+Gr Fd Amer – 2 + 5 +87 33.32 –.19 D–High Income r – 1 + 5 +27 4.79 .. E High Inc Muni – 1 – 1 +11 14.59 +.02 D HiYld Bd 0 + 4 +30 7.52 .. D High Income 0 + 5 +31 11.63 –.02 C–Index Equity – 5 + 3 +58 26.49 –.18 C–IncFd Amer – 4 + 2 +54 18.38 –.08 E IntGovtBd + 3 + 1 +10 10.57 .. E Interm Bond 0 0 13.29 +.02 A–Intl Index – 3 + 8+135 15.12n –.10 C Inv Co Am – 5 + 2 +58 31.05 –.19 A+Intl Opport – 1 + 7+232 39.33 –.19 E Ltd Tax Ex +1 0 15.20 +.03 A–Intl Val – 5 + 8+125 27.83 –.13 D+Mutual – 3 + 3 +53 27.19 –.13 A+Latin Amer r +10 + 14+602 71.77 +.12 B+New Econ – 8 + 2 +90 25.09 –.19 D Lg Core –11 – 1 +69 11.81 –.05 A New Pers – 4 + 4+120 32.69 –.22 D Lg Grwth –10 0 +61 10.02 –.04 A+New World – 2 + 4+232 58.02 –.21 C+Lg Value – 7 + 1 +93 17.13 –.06 ShrtTermBd + 1 0 .. 10.00 +.01 B+Mid Gr – 2 + 8 +94 12.40 +.03 A Sm Cp Wrld – 8 + 2+150 37.61 –.04 B MidValEq – 3 + 3 +80 11.49 +.01 E Tax Ex CA 0 0 15.97 +.05 E Natl Muni 0 0 +11 10.08 +.02 E Tax Ex MD +1 0 15.41 +.04 A+Natural Res +15 + 21+322 80.09 –.15 E Tax Ex VA +1 0 16.14 +.04 E NY Muni 0 0 10.57 +.02 E Tax ExBdAm + 1 0 +11 12.14 +.03 A Pacific r – 4 + 6+139 27.17 –.23 E US Gov Sec + 2 + 1 +11 13.68 +.01 D+S&P500Idx – 5 + 3 +58 17.07n –.11 D+Wash Mutl – 5 + 2 +55 31.88 –.18 E ShrtTermBd 0 –1 9.85 +.01 E † Ameristock – 6 + 2 +29 39.56n –.30 A–SmGrEq b – 4 + 7+125 21.41 +.07 Aquila Funds A–SmlCapGr r – 4 + 7 +96 13.53 +.03 $ 1.9 bil 800–228–4227 B+SmlMidGrow b – 5 + 5 +79 13.54 +.03 E AZ Tax Free A + 1 0 10.32 +.02 E TotalRet 0 0 11.34 –.01 E CO Tax Free A + 1 0 10.25 +.02 E TotalRetII + 1 +1 9.49 –.01 – 3 + 5+158 35.34 .. E HI Tax Free A + 2 + 1 11.20 +.02 A US Opport – 7 + 1 +53 18.86 +.04 E KY Tax Free A + 1 + 1 10.31 +.04 D Value Opps E OR Tax Free A + 1 0 10.70 +.03 Blackrock A1 $ 365 mil 800–441–7762 Ariel Mutual Fds E CAInsMunA1 0 +1 11.23 +.03 $ 4.7 bil 800–292–7435 BlackRock B E Appreciation – 5 0 +51 40.77n –.30 $ 6.3 bil 800–441–7762 E Ariel –11 – 3 +46 41.50n –.32 C–Basic Value m – 4 + 4 +59 28.00n –.23 Artisan Funds C+Fndmtl Gr m – 5 + 6 +63 19.96n –.10 $ 24.2 bil 800–344–1770 + 1 + 3 +99 19.47n –.03 A Intl – 6 + 6+141 28.14n –.13 A–Glob Alloc –11 – 1 +63 11.13 –.05 B+Intl Val I – 2 + 5+155 25.00n –.17 D Lg Core r – 8 + 1 +86 16.19n –.07 A+IntlSmlCap – 7 + 5+222 21.89 –.10 C Lg Value – 7 + 1 +47 16.29n +.03 B+Mid Cap – 7 + 3 +87 28.83n –.15 D Value Opps r BlackRock BlRk B–Mid Cap Val + 4 + 7+112 18.86n +.08 $ 2.9 bil 800–441–7762 D–Small Cap –13 – 5 +64 14.64n .. – 3 + 4 +55 635.88 –4.37 B Small Cap Val + 5 + 8 +91 14.60n +.01 C+Exchange b D HiYld Bd + 1 + 4 +32 7.52n .. Asset Mgmt Fds E IntermdIIBd + 2 + 1 +11 9.43n .. $ 2.5 bil 800–527–3713 + 1 –1 9.85n +.01 E IntermdMrtg – 7 – 6 8.34n –.03 E LowDurBd + 1 + 1 +11 9.50n –.01 E UltraShMort – 2 –2 9.29n .. E TotalRet BlackRock C AssetMark Funds $ 17.4 bil 800–441–7762 $ 3.3 bil 800–664–5345 E Cor Pl Fxd +1 0 9.27n .. A+AllGlobRes m +16 + 21 .. 23.78 –.03 – 4 + 4 +58 26.96n –.23 A–Intl Eqty – 7 + 5+119 12.50n –.08 C–Basic Value – 2 + 4 +99 19.37n –.04 D–Lrg Cap Gr – 6 + 5 +41 9.50n –.04 B+Equity Div – 5 + 6 +63 20.07n –.09 D Lrg Cap Val – 5 + 2 +60 10.33n –.08 C+Fndmtl Gr + 1 + 3 +98 18.73n –.03 E TxExFixdInc + 1 0 10.80n +.04 A–Glob Alloc A–Glob Sm Cp – 3 + 6+112 23.11n +.03 ASTON Funds GlobDynEq – 2 + 4 .. 13.51n –.08 $ 3.5 bil 800–992–8151 E ABNAMROGr I – 4 + 7 +22 15.29n –.05 B HealthSciOp b – 9 – 4+112 26.14n –.15 A+Intl Opport – 2 + 6+220 36.73n –.18 B Mont&CldGrI – 4 + 8 +51 25.90n –.09 – 6 + 8+117 26.84n –.13 B–Mont&CldGrN – 4 + 8 +49 25.79n –.10 B+Intl Val r –11 – 1 +63 11.08 –.05 B+OptimumMidN + 1 + 7+112 28.57n +.11 D Lg Core –10 0 +55 9.37n –.03 C+TAMROSmlN – 8 + 5 +83 17.16n –.03 D–Lg Grwth C Lg Value – 8 + 1 +86 16.12 –.07 Atlantic Whitehall D Value Opps – 7 + 1 +46 15.54n +.03 $ 937 mil 800–994–2533 Blackrock C1 EquityIncI – 1 + 4 .. 10.65n –.06 $ 1.1 bil 800–441–7762 A–Intl Instl – 5 + 8 .. 12.09n –.09 GovtIncome + 2 – 1 .. 10.65 .. C+MidCpGrowI – 8 + 2 .. 10.96 –.03 D–High Income r – 1 + 4 +25 4.79n .. AXA Enterprise A Fu E TotalRet 0 0 11.34n –.01 $ 235 mil 800–368–3527 BlackRock Instl D–Merg & Acq – 2 + 1 +29 11.38 –.03 $ 29.1 bil 800–441–7762 A+AllGlobRes m +16 + 21 .. 24.44 –.03 Baird Funds E AMTFrMuniBd + 1 0 10.56n +.03 $ 1.7 bil 800–792–2473 C Bal Cap – 1 + 4 +47 25.92 –.14 E AggregteBd 0 0 +14 10.40n +.01 C+Basic Value – 3 + 4 +65 28.86 –.24 E IntmBdInst + 1 0 +13 10.58n +.01 A–Equity Div – 2 + 4+106 19.76 –.04 E ShtTrmBdIns + 1 0 .. 9.89 .. B+Eurofund – 5 + 9+111 19.27 –.06 Barclays Glob Inv B–FndmtL Gr – 5 + 6 +72 22.80 –.11 $ 3.0 bil 888–204–3956 A–Glob Alloc + 1 + 4+106 20.05 –.03 D Lfpth 2010 I 0 + 3 +38 13.14n –.02 A+Glob Growth – 7 + 5+179 17.95 –.11 C Lfpth 2030 I – 2 + 4 +57 15.87n –.06 A Glob Sm Cp – 2 + 6+122 25.06 +.02 D+Lfpth2020 I – 1 + 4 +50 16.76n –.05 GlobDynEq – 2 + 4 .. 13.62n –.08 D+Lfpth2020 R – 1 + 4 +49 16.03n –.05 D–GNMA + 4 + 2 +14 9.87n –.01 C Lfpth2040 I – 2 + 5 +67 19.79n –.09 GovtIncome + 2 – 1 .. 10.65 –.01 C–S&P 500 Stock – 5 + 3 +59 166.19n –1.09 D–High Income – 1 + 5 +28 4.78 –.01 Baron Funds D HiYld Bd + 1 + 4 +32 7.52n .. $ 18.5 bil 800–992–2766 C–Index Equity – 5 + 3 +60 26.70n –.17 B+Asset – 6 + 4+109 59.93n –.18 E IntermdBdII + 2 + 1 +11 9.43n +.01 C+Growth – 4 + 5 +97 48.85n –.20 D–IntGovtBd + 3 + 1 +12 10.55n +.01 A iOpport – 6 + 9+157 12.37n –.08 E Intl Bond + 7 + 5 +30 12.45n +.13 A–Partners – 8 + 3+165 21.91n –.08 A+Intl Opport – 1 + 7+237 41.09n –.19 C Small Cap – 9 + 2 +85 21.68n –.10 A–Intl Val – 5 + 8+127 27.94 –.14 BB & T Funds D Lg Grwth –10 0 +63 10.25 –.04 $ 1.9 bil 800–228–1872 E LowDurBd + 1 –1 9.86n +.01 D–LrgCoValTr – 7 + 1 +42 13.38n –.13 D+Lrg Core –11 – 1 +71 12.05 –.05 D Md Cp Val – 7 – 2 +61 11.34n –.06 E Managed Inc + 1 + 1 +10 10.09n .. A MidCapGr Tr –10 + 6+110 13.89n +.01 E MuniInsred 0 +1 7.53 +.02 D–TotRetBdIns + 2 + 1 +14 10.34n .. E Natl Muni 0 0 +12 10.08 +.02 BBH Funds A Pacific – 4 + 6+141 27.37 –.23 $ 1.1 bil 800–625–5759 C–S&P500Idx – 5 + 3 +59 17.12n –.12 A–Intl Eq N – 3 + 7+121 16.09n –.17 E ShTermBd + 1 –1 9.85 .. Bernstein Funds A–SmGrEq – 4 + 7+129 23.16n +.08 $ 29.4 bil 212–756–4097 E TotalRet m 0 0 11.34 .. E CA Muni + 1 0 14.30n +.02 E TotalRetII + 1 + 1 +10 9.48n –.01 E Diversifd Muni + 2 0 +10 14.16n +.02 A US Opportun – 3 + 5+163 36.92n .. A+Emerg Mkts – 2 + 7+343 39.84n –.17 D+Value Opps – 7 + 1 +54 19.14 +.04 A–Intl – 4 + 8+117 23.79n –.19 Blackrock R E Intrmd Dur + 1 + 2 +12 13.12n .. $ 1.1 bil 800–441–7762 E NY Muni + 1 – 1 +10 13.95n +.02 A–Glob Alloc + 1 + 3+101 19.39n –.03 E Sh Dur Plus – 2 – 1 11.81n –.02 C Lg Value – 7 + 1 +91 16.57n –.07 E ShDurDivMuni + 1 0 12.60n .. BlackRock Svc A–Tx Mg Intl – 4 + 8+109 23.90n –.19 $ 1.3 bil 800–441–7762 E IntermdBdII + 2 0 +10 9.43n .. Berwyn Funds $ 363 mil 800–992–6757 E LowDurBd + 1 –1 9.85n .. D Income 0 + 2 +29 11.94n .. E Managed Inc + 1 + 1 10.09n .. BNY Hamil Inst Bjurman, Barry Fds $ 2.5 bil 800–426–9363 $ 180 mil 800–227–7264 36 Mos Fund 2008 12 Wk 5 Yr Net NAV 36 Mos Fund 2008 12 Wk 5 Yr Net NAV % % After Asset Chg Preformance % % After Asset Chg Preformance Rating Chg Chg Tax% Value Rating Chg Chg Tax% Value 3.6% 3.6% 3.6% 3.6% 3.5% 3.5%

OCT NOV DEC JAN FEB MAR

07 07 07 08 08 08

—B—

E Hi Yield Opp – 1 + 4 +18 4.19 –.01 – 1 + 9 +90 16.73 –.13 – 5 + 5+139 19.85 –.18 + 1 +1 8.74 .. C–Liberty – 3 + 3 +45 8.29 –.03 B Lifegl Grow – 5 + 4 +91 14.12 –.06 C LifeglBalGr – 3 + 3 +54 11.89 –.03 D+Lrg Cap Val – 6 + 3 +69 12.83 –.07 C–Marsico Gr – 8 + 3 +69 21.16 –.10 A–Marsico21st – 8 + 2+129 15.19 –.04 A+MarsicoIntl – 5 + 7+150 15.29 –.04 Mid Cap Val – 5 + 4 .. 13.91 –.01 C+MrscoFocEq – 7 + 4 +71 22.78 –.20 C SmCpVal I – 4 + 2 +91 41.89 +.01 SmCpVal II – 4 + 4 .. 12.94 +.02 D–Strat Inc + 3 + 3 +26 5.99 +.01 B Strat Inv – 5 + 5 +88 19.58 –.09 E Tax Exempt 0 0 +11 13.27 +.05 Columbia B $ 4.1 bil 800–345–6611 B Acorn – 4 + 4+103 26.25n –.02 D+LifeglBalGr – 3 + 3 +50 11.82n –.03 D Lrg Cap Val – 6 + 3 +66 12.39n –.06 A–Marsico21st – 8 + 2+124 14.45n –.04 Mid Cap Val – 5 + 4 .. 13.62n –.01 C MrscoFocEq – 7 + 4 +65 21.14n –.18 D–Strat Inc + 2 + 3 +23 5.98n +.01 Columbia C $ 5.8 bil 800–345–6611 B Acorn – 4 + 4+102 26.10n –.02 D+Marsico Gr – 8 + 3 +63 19.66n –.10 A–Marsico21st – 8 + 2+122 14.45n –.03 Mid Cap Val – 5 + 4 .. 13.67n –.01 C MrscoFocEq – 7 + 4 +65 21.21n –.18 Columbia I,T&G $ 919 mil 800–345–6611 C+Large Gr T – 6 + 6 +52 23.59 –.12 Columbia Z $ 81.6 bil 800–345–6611 B Acorn – 4 + 5+113 28.47n –.02 A+Acorn Intl – 2 + 8+232 42.84n –.16 A–Acorn Sel – 4 + 5 +93 27.39n +.03 C–Acorn USA – 3 + 6 +98 27.15n +.08 A+AcrnIntlSel – 1 + 8+220 31.57n –.16 B–Balanced – 1 + 3 +49 25.14n –.10 B–Blended Eq – 2 + 6 +60 30.50n –.15 E Bond + 1 + 1 +12 9.08n .. E CA Intermd +1 0 9.53n +.02 B+CommonStk Z – 2 + 5 +66 13.94n –.09 E ConsHiYld + 1 +4 7.96n –.01 C–Conv Secs – 2 + 2 +44 15.26n –.04 E CoreBond Z + 1 + 1 10.46n .. C+Div Inc Z – 5 + 2 +77 13.88n –.06 C Dscpln Val – 8 + 1 +65 12.78n –.05 A+Emerg Mkts – 3 + 4+316 16.19n –.10 A+EngNatRes +17 + 21+280 29.72n –.17 E Hi Yld Muni – 1 – 1 10.47n +.03 D–High Income – 1 + 2 +28 8.26n –.01 E Income 0 +1 9.14n .. A Intl Equity – 4 + 7+132 16.83n –.07 A Intl Gr – 2 + 8+169 19.94n –.15 B Intl Stk – 1 + 9 +93 16.88n –.12 A–Intl Value – 5 + 5+142 20.02n –.18 E Intmd Bond + 1 + 1 +10 8.74 .. E IntmdBond + 2 + 1 +11 7.21n .. E IntmMuniBd + 1 0 10.24 +.03 B–Large Gr – 5 + 7 +54 24.30n –.12 C–Lg Cap Idx – 5 + 3 +60 27.01n –.17 C–Lrg Cap Val – 6 + 3 +72 12.85n –.08 C+LrgCapCore – 6 + 3 +62 14.28n –.08 D+LrgEnCore – 7 + 2 +52 13.30n –.07 E MA Intm Mun + 2 0 10.45n +.03 C–Marsico Gr – 8 + 3 +71 21.55n –.11 A Marsico21st – 8 + 2+131 15.42n –.04 A+MarsicoIntl – 5 + 7+152 15.52n –.05 A Mid Cap Gr – 2 + 8 +95 25.84n –.01

Performance B–Intl Stk % Change Rating $ Net A–Intl Value In 2008 36 Mos Assets E Intmd Bond

Rydex Dynamic Ndq1002xStH ProFunds Inv UltNdq100 CGM Focus Janus Twenty Janus Aspn Inst Forty

# # # " 36 Mos Preformance Rating Fund

mil mil mil mil mil

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

A–Intl Equity – 4 + 7+128 15.96n –.16 E Intrmd TxEx +1 0 9.90n +.02 E ItmdInvCorBd + 1 + 1 9.95n +.01 C+LargeCapEq – 7 + 4 +56 13.64n –.07 B–Lrg Cap Val – 3 + 3 +63 11.14n –.06 SmlCpCoreEq – 8 0 .. 10.85n –.04 BNY Mellon $ 12.1 bil 212–495–1784 C Balanced M – 2 + 3 +48 11.65n –.03 D–Bond M + 2 + 1 +12 12.58 .. A+Emg Mkts M – 3 + 5+225 19.89n –.04 C–Inc Stk M – 4 + 3 +54 8.05n –.05 D–Int Bond M + 2 0 +10 12.53n +.01 B Intl M – 5 + 7+109 14.26n –.10 C Lrg Stk M – 5 + 4 +51 9.56n –.06 E MAIntMuniM + 1 0 +11 12.62 +.03 A–Mid Stk M – 2 + 7 +95 12.02n .. E NatlIntMunM + 1 0 +11 12.92n +.03 E PAIntMunM + 1 0 12.45n +.02 D Sml Stk M – 8 + 1 +63 11.64n –.02 C–† Boston Bal – 2 + 3 +44 31.14n –.10 Brandes $ 874 mil 800–237–7119 A–Intl Eq Inst – 6 + 4+147 21.44n –.26 Brandywine Fds $ 7.9 bil 800–656–3017 A–Adv Mid Gr b – 8 + 4 +84 10.84n –.03 A–Blue – 5 + 6 +97 33.44n –.19 A–Brandywine – 7 + 6 +97 33.87n –.14 Bridgeway Funds $ 3.0 bil 800–661–3550 A Aggr Inv 2 – 8 + 4+138 20.15n +.02 36 Mos Fund A–Aggrsv Inv 1 – 8 + 3+112 52.88n +.06 Preformance Rating D BluChp35Idx – 6 + 1 +42 7.91n –.07 B Sm Cp Val N – 7 + 2 .. 16.04n –.01 D–UltSmCoMkt –10 0 +89 16.00n +.02 A † Brown SmCo – 6 + 4 +85 33.46n +.03 D † Bruce .. .. no quote Buffalo Funds $ 2.6 bil 800–492–8332 C+Mid Cap – 8 + 2 +87 14.07n –.02 D–Small Cap – 7 + 5 +90 22.44n +.06 E † BuildrFxInc + 1 + 1 14.32n ..

—C— B–† C&O MktOpp – 6 – 4 +24 21.48n +.02 Calamos Funds $ 23.9 bil 800–823–7386 C Convert A – 2 + 2 +40 19.39 –.06 C–Convert C – 2 + 2 +36 19.41n –.05 A–GlbGr&Inc A – 7 + 1 +81 10.66 –.08 A–GlbGr&Inc C – 7 + 1 +74 10.28n –.07 A–GlbGr&Inc I – 7 + 1 +83 10.78n –.07 C+Gr & Inc A – 5 + 2 +54 29.92 –.10 C Gr & Inc B – 5 + 2 +51 33.70n –.12 C Gr & Inc C – 5 + 2 +50 30.05n –.11 B+Growth A – 5 + 9 +96 55.97 –.22 B+Growth B – 5 + 9 +89 56.76n –.22 B+Growth C – 5 + 9 +88 51.95n –.20 B+Growth I – 4 + 9 +99 60.56n –.24 A+Intl Grow A – 2 + 10 .. 16.47 –.10 D–Mkt Neut A – 1 + 2 +10 12.78 –.05 D–MrktNeutC – 1 + 2 12.95n –.05 Calvert Group $ 10.8 bil 800–368–2745 E Income A 0 0 +18 16.18 +.03 E Income C – 1 0 +15 16.17 +.03 C+LrgCapGrA – 9 + 4 +77 32.20 –.19 D–ShDurInc A + 2 + 1 +17 16.12 +.01 D–Social Bal A – 3 + 2 +35 28.32 –.06 E Social Bd A 0 0 +19 15.71 +.03 C Social Eq A – 2 + 7 +53 37.98 –.06 B+WrldValIntlA – 3 + 9 +98 21.00 –.24 Cambiar Funds $ 1.8 bil 866–777–8227 OpportInstl 0 + 8 .. 19.07n –.11 D OpportInv 0 + 8 +81 19.05n –.11 Causeway Funds $ 3.7 bil 866–947–7000 A–Intl Val Ins r – 2 + 9+136 16.41n –.11 B+Intl Val Inv r – 2 + 9+134 16.30n –.11 Century Funds $ 914 mil 800–321–1928 D ShrsTr Inst – 8 + 1 +35 20.99n –.12 E SmlSel Instl – 7 + 4 +61 20.97n +.01 E SmlSel Inv – 7 + 4 +58 20.65n +.01 CG Cap Mkt Fds $ 8.5 bil D–CoreFxdInc .. .. no quote A+Emerg Mkts – 3 + 5+315 19.48n –.13 A Intl Equity – 4 + 7+153 14.02n –.14 E Intl Fixed Inc + 2 0 +12 7.92n +.03 B Large Cap Gr – 1 + 8 +77 15.92n –.07 C Large Cap Val – 3 + 4 +64 10.91n –.06 B–Small Cap Gr – 8 + 4 +84 17.21n +.05 C+Small Cap Val – 1 + 4 +86 10.48n +.02 CGM Funds $ 9.1 bil 800–345–4048 A+Cap Dvlp + 5 + 12+156 29.45n +.32 A+Focus + 9 + 17+331 57.11n –.66 A Mutual + 6 + 13+133 33.71n –.20 A+Realty + 6 + 12+336 33.37n –.21 B+† ChampSmCo – 1 + 7 .. 12.74n .. C+† ChaseGr–VA – 5 + 4 +67 19.67n –.14 Chesapeake Fds $ 915 mil 800–525–3863 D+Core Growth – 7 + 3 +68 18.71n –.09 D † ChestntStEx – 6 + 2 +43 375.53n –1.79 E † Clipper –10 0 +28 72.74n –.83 E † CM Advsr – 8 – 1 .. 10.40n –.04 D–† CO Bond A + 1 0 +21 9.41 +.01 Cohen & Steers $ 9.0 bil 800–437–9912 InstGlbRlty + 2 + 7 .. 25.60n –.40 B+Instl Realty + 9 + 12+125 41.30 –.34 A–IntlRltyA – 2 + 4 .. 15.79 –.28 A–IntlRltyC – 3 + 4 .. 15.71 –.27 A–IntlRltyI – 2 + 4 .. 15.83 –.28 D+Realty Inc A + 8 + 11 +71 11.97 –.12 D Realty Inc C + 8 + 11 +66 11.34n –.12 B+RltyShrs + 8 + 12+125 63.13 –.50 Columbia A $ 29.8 bil 800–345–6611 B Acorn – 4 + 5+110 27.73 –.02 A+Acorn Intl – 2 + 8+227 42.62 –.15 A–Acorn Sel – 4 + 5 +90 26.86 +.02 C–Acorn USA – 3 + 6 +95 26.41 +.08 E CA Tax Expt 0 0 +10 7.40 +.04 D+Conv Secs – 2 + 2 +43 15.26 –.03 C+Div Inc – 5 + 2 +76 13.87 –.06 E Fed Secs + 2 0 +10 10.58 .. 36 Mos Fund 2008 12 Wk 5 Yr Net NAV Preformance % % After Asset Chg Rating Chg Chg Tax% Value

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

MONDAY, MAY 12, 2008

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B Mid Cap Val – 5 + 4+104 13.93n .. B MidCap Idx 0 + 8 +92 11.77n +.01 C+MidVal&Res – 5 + 5 +85 20.13n –.07 B–MrscoFocEq – 7 + 4 +73 23.29n –.19 E OR IntmMuni + 1 0 12.10n +.03 C+Real Est Eq + 5 + 11 +79 13.97n –.04 A Sel Lg Gr – 3 + 5 +99 12.07n –.03 A–Sel Opps – 1 + 8 .. 15.25n –.09 B–Sel Small –10 0+109 16.72n –.06 E Sh Trm Bond + 2 0 9.86n .. E Sh Trm Muni + 2 0 10.31n +.01 C Sm Cap Indx – 4 + 3 +87 18.58n .. B Small Co – 8 + 4 +68 11.76n .. A Small Gr I – 8 + 5+103 28.19n +.02 C+SmCpVal I – 3 + 2 +93 43.70n +.02 C SmCpVal II – 4 + 4 +95 13.03n +.02 C SmlCapCor – 3 + 3 +73 15.09n +.08 D Strat Inc + 2 + 3 +27 5.93n +.01 B Strat Inv – 5 + 5 +90 19.62n –.08 Tax Exempt 0 0 .. 13.27n +.05 E TotRet Bond + 1 + 2 +10 9.52n +.01 E US Trea Idx + 3 + 1 11.04n +.02 E VA Intm Mun + 1 0 10.70n +.03 B+Val&Restrc + 1 + 7+122 57.53n –.21 Commerce Funds $ 1.4 bil 800–305–2140 D–Bond + 1 0 +13 18.52n +.02 E † ComntyRe b + 1 + 1 +10 10.55n +.01 Country Funds $ 328 mil 800–245–2100 D Growth – 3 + 3 +49 23.22n –.16 Credit Suisse ABCD $ 838 mil 800–577–2321 A–CommodRtn +18 + 9 .. 14.12 +.17 D LgCapVal A – 7 0 +43 13.94 –.07 Credit Suisse Common $ 1.3 bil 800–577–2321 A–CommodRtn +18 + 9 .. 14.13 +.16 A Intl Focus – 4 + 9+129 18.22n –.17 Credit Suisse Trust $ 585 mil 800–577–2321 E SmlCapGr – 4 + 3 +49 14.79n –.02 CRM Funds $ 3.2 bil 800–276–2883 B+Mid Val Ins – 2 + 4+115 29.13n –.02 C+Sml Val Ins – 2 + 4 +82 20.97n +.01 C+Sml Val Inv – 2 + 4 +79 19.95n +.02

$ 4.2 bil 800–231–8002 A+Emerg Mkts + 3 + 9+302 14.24n –.07 D–Global Fxd Inc + 7 + 4 +28 12.38n +.09 A Intl Equity – 4 + 7+143 22.28n –.19 A Labor Intl – 4 + 7+135 19.00n –.15 DFA Investment $ 105 bil 310–395–8005 E 1 Yr Fixed Inc + 1 + 1 10.17n .. E 2Yr Glbl Fxd + 1 + 1 +10 10.38n +.01 E 5 Yr Gov 0 0 10.29n +.02 E 5GlbFxdInc + 1 0 +10 10.77n +.01 A+Emerg Mkts – 3 + 4+303 32.31n –.22 A+Emerg Mkts II – 3 + 4+316 28.35n –.19 A+Emg Mkt Sml – 9 + 2+304 20.27n –.09 EmMktCorEq – 4 + 5 .. 20.11n –.11 EmMktScCrEq – 4 + 4 .. 14.36 –.07 A+EmrgMktsVal – 3 + 5+438 42.97 –.24 D–Enh US Lg Co – 5 + 3 +46 9.38n –.02 C Glbl60/40 I .. .. no quote B Global Eq I .. .. no quote InfProtSec + 5 + 2 .. 11.11 +.03 A–Intl Small Co – 1 + 8+180 18.49n –.09 A–Intl SmCpVal 0 + 8+203 19.45n –.09 A Intl Value – 4 + 9+191 23.41n –.17 A Intl Value II – 4 + 9+189 21.69n –.16 A Intl Value III – 4 + 9+190 21.91n –.17 A Intl Value IV – 4 + 9+192 18.93n –.14 IntlCoreEq – 2 + 8 .. 13.46n –.09 IntlRealEst – 4 + 2 .. 8.20 –.08 D–Intrm Govt + 3 + 1 +14 12.00n +.02 E Japan Sm Co 0 + 7 +94 15.58n –.16 A Lg Cap Intl – 2 + 8+137 25.48n –.17 B Real Estate + 7 + 11+109 25.03n –.23 E Sh Trm Muni + 1 0 10.04n .. C–TaxMg US Sm – 6 + 2 +93 22.06n +.03 D+TaxMgTgtVal – 3 + 4 +99 20.78n .. A TxM Intl Val – 4 + 9+181 18.76n –.12 C+TxM US MkVl – 3 + 3 +93 16.53n –.10 C+TxM US MkVl II – 3 + 3 +93 15.93n –.10 C TxMgdUSEq – 4 + 4 +65 14.70n –.07 US Cor Eq 1 – 4 + 4 .. 11.23n –.05 US Cor Eq 2 – 4 + 3 .. 11.17n –.05 C+US Lg Cap Val – 1 + 5 +88 22.95n –.15 C–US Lg Co Instl – 5 + 3 +60 10.89n –.07 C+US LgCapVal 2 – 1 + 5 +88 21.22n –.14 C+US LgCapVal 3 – 1 + 5 +88 17.55n –.11 C–US Lrg Co – 5 + 3 +60 40.82n –.27 D US Micro Cap – 9 + 1 +80 12.29n +.01 C–US Small Cap – 6 + 2 +82 18.12n .. D+US Sml Val – 3 + 2+103 22.94n .. US VectorEq – 3 + 3 .. 10.79n –.03 C–USTgtVal – 2 + 4 +90 14.89n +.01 Diamond Hill Funds $ 2.7 bil 614–255–3333 B+LgShtA + 3 + 4+113 19.00 –.16 B LongShort r + 3 + 4+105 18.18n –.16 B+LongShortI + 3 + 4 .. 19.10n –.16 B+LrgCap A – 1 + 5+112 16.13 –.17 C–SmallCap A + 4 + 7+123 23.40 –.02 Direxion Funds $ 835 mil 800–851–0511 LatAmBul2X +20 + 30 .. 37.32 –.03 Dodge&Cox $ 144 bil 800–621–3979 D Balanced – 3 + 2 +53 76.42n –.60 E Income + 2 + 1 +13 12.60n .. A Intl Stock – 4 + 7+208 44.05n –.54 D+Stock – 6 + 1 +77 124.96n –1.37 Domini Soc Inv $ 1.2 bil 800–762–6814 D Equity – 4 + 6 +45 30.79n –.16 Dreyfus $ 22.3 bil 800–645–6561 D–100% US Tr In + 3 0 +13 13.03n +.01 E A Bonds Plus 0 – 1 13.12n +.02 AdvGlbAlphA – 4 + 4 .. 12.55 –.11 C–Appreciation – 4 + 5 +49 42.92n –.27 C–Bas S&P500 – 5 + 3 +60 28.83n –.18 D–Bd Mkt Inv + 2 + 1 +12 10.21n .. C+Disc Stock – 5 + 4 +55 32.72n –.19 C+Dreyfus Fund – 4 + 4 +52 9.76n –.05 E Emerg Leaders – 4 + 2 +41 24.43n +.11 E Gen NY Mu b + 1 0 18.85n +.04 D+Growth & Inc – 6 + 4 +47 14.88n –.08 C+Growth Opport – 4 + 6 +52 8.78n –.02 A–Intl Stk Idx – 4 + 8+138 19.49n –.21 E Intm Muni + 1 0 13.14n +.02 E IntmTrmInc + 1 0 +14 12.41n .. B Mid Cap Val – 2 + 3 +93 27.67n –.02 E Muni Bond r 0 – 1 +10 11.35n +.02 E NY Tx Ex r + 1 0 14.46n +.04 B S&P MidIndx 0 + 8 +90 28.31n +.03 D+S&P500 Idx – 5 + 3 +57 39.31n –.25

—D—E— Davis Funds A $ 29.8 bil 800–279–0279 D+Apprec&Inc – 2 + 3 +53 27.52 –.13 D–Financial – 8 0 +60 37.56 –.14 C+NY Venture – 3 + 4 +84 38.74 –.23 D–Opportunity –10 + 1 +65 22.61 –.10 B Real Estate + 2 + 10+106 31.09 –.17 Davis Funds B $ 2.2 bil 800–279–0279 C NY Venture – 3 + 4 +79 37.04n –.22 Davis Funds C&Y $ 14.8 bil 800–279–0279 C NY Venture C – 3 + 4 +79 37.28n –.22 C+NY Venture Y – 3 + 4 +85 39.21n –.24 E Opportnty C –10 + 1 +59 20.56n –.09 – 2 + 4 +93 23.93n +.03 B † Delafield Delaware A $ 10.6 bil 800–523–4640 D+Amer Svcs – 9 + 2 +73 16.13 –.04 E Corp Bond 0 + 1 +13 5.45 +.01 D–Delaware Bal – 4 0 +33 17.20 –.07 D Delchester 0 + 4 +37 3.13 –.01 D–DividendInc – 3 + 2 .. 10.87 –.05 D–DivrsInc A + 2 + 2 +25 8.88 +.01 A+Emerg Mkts – 2 + 6+302 16.80 –.09 E ExtendDurBd + 1 + 3 +15 5.49 +.02 C+Gr Opp – 6 + 4 +70 21.32 +.06 B Intl Equity – 5 + 5+105 14.60 –.10 D–LargeCapVal – 8 0 +46 16.50 –.13 E LtdTrmDiv +2 0 8.36 .. D Sm Cap Val + 1 + 6 +76 32.64 +.01 E Tax Fr CO Ins + 1 0 +11 10.76 +.03 E Tax Fr MN + 1 0 +12 12.25 +.04 E Tax Fr PA 0 0 +10 7.87 +.02 E TaxFrUSA 0 – 1 +11 11.09 +.02 E TaxFrUSA Int + 1 0 +12 11.28 +.03 C Trend –12 + 1 +47 15.65 –.03 C US Growth – 7 + 3 +45 14.16 –.10 Delaware Instl $ 1.5 bil 800–828–5052 E Corp Bond 0 + 1 +15 5.45n +.01 B Intl Equity – 5 + 5+106 14.66n –.10 C+US Growth – 7 + 3 +47 14.91n –.11 Delaware Pl Tr

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

E Sh Intm Govt + 2 0 10.63n .. C SmCpStkIdx – 4 + 3 +88 20.50n .. Dreyfus Fndrs $ 740 mil 800–525–2440 C–Eq Grow F – 6 + 4 +57 5.92n –.03 Dreyfus Premier $ 15.3 bil 800–242–8671 C Alpha Gr A – 3 + 5 .. 20.10 –.18 E CA Tax Ex Z + 1 0 +11 14.44n +.04 E Core Bd A + 1 0 +10 13.94 .. C+Core Val A – 4 + 4 +65 28.62 –.16 E CTMuniBd A +1 0 11.61 +.03 A+Emrg Mkts A – 3 + 4+220 19.26 –.05 A+Emrg MktsI – 3 + 4+223 19.29n –.05 E GNMA + 2 0 +10 14.55n –.01 A+GrtrChina A –17 – 4+301 40.18 –.12 A+GrtrChina C –18 – 4+293 37.39n –.11 B Intl Val A – 5 + 7+101 14.42 –.11 E MA Muni Z 0 0 .. 11.34 +.03 E MDMuniBd A 0 0 11.89 +.03 E Muni Bd A + 1 0 +11 12.60 +.03 E Muni Bd Z + 1 0 .. 12.60 +.03 D+New Leadr A – 2 + 7 +57 37.47 –.02 E NJMuniBd A +1 0 12.72 +.03 D S&P Strs T – 7 + 5 +75 30.51 –.16 E Sel Muni Z 0 0 +11 13.44n +.04 E ShTrmInc D 0 – 1 10.51n +.01 B StrAgVal A – 3 + 5 +94 31.06 –.11 D Tech Gr A – 8 + 7 +52 25.79 –.01 D Third Cent Z – 4 + 5 +46 9.66n –.05 B Wrld Gr A – 4 + 6 +80 44.22 –.29 Driehaus Funds $ 1.5 bil 888–636–8835 A+Emerg Mkt Gr – 7 + 4+346 40.35n –.25 A+Intl Disc – 4 + 7+213 39.85n –.05 Dupree Mutual $ 923 mil 800–866–0614 E KY Tax Fr Inc + 1 + 1 +11 7.51n +.02 DWS Scudder A $ 17.7 bil 800–621–1048 D Balanced – 2 + 3 +32 9.60 –.02 D Blue Chip – 6 + 1 +58 17.00 –.08 E CA Tax Free 0 0 7.31 +.02 C+Cap Growth – 2 + 7 +62 55.50 –.37 D Commun –17 – 8 +75 19.27 .. E CorePlusInc –1 0 12.25 +.01 D–Dreman HRt – 6 – 1 +63 42.39 –.37 B+DremanSmVal – 2 + 5+116 33.63 –.02 B–Globl Oppor – 5 + 6+124 39.94 –.22 D–High Income 0 + 4 +28 4.93 –.01 A Intl – 3 + 7+130 67.46 –.22 B–Lrg Cap Val 0 + 7 +67 20.67 –.07 E Mgd Muni 0 –1 8.86 +.02 B+RREEFRealEs + 7 + 11+115 20.12 –.16 D Stratgc Inc + 2 + 3 +29 4.63 +.01 E StrGovSec + 3 + 2 +12 8.53 +.01 E StrHiYdTx – 1 – 1 +11 12.44 +.03 D Technology – 8 + 8 +45 12.19 –.01 DWS Scudder B $ 809 mil 800–621–1048 D–Dreman HRt – 7 – 1 +59 42.24n –.37 DWS Scudder C $ 1.5 bil 800–621–1048 D–Dreman HRt – 7 – 1 +61 42.28 –.37 B DremnSmVal – 2 + 5+107 31.00 –.02 DWS Scudder Instl $ 4.2 bil 800–621–1048 D+AdvLifLngRg – 2 + 3 +40 10.64n –.01 E CoreFxdInc – 1 0 10.43n +.01 A–EAFE EqIdx – 3 + 8+133 16.76n –.12 C–Eq 500 Idx – 5 + 3 +59 157.34n –1.02 D–US Bond Idx + 2 + 2 +12 10.35 +.01 DWS Scudder S $ 20.6 bil 800–621–1048 E CA Tax Free 0 0 7.30n +.02 B–Cap Growth – 1 + 7 +63 55.89n –.38 E CorePlusInc – 1 0 +10 12.25n +.02 C–Eq 500 Idx – 5 + 3 +59 155.77n –1.02 B–GlbEmgMktIn 0 0 +56 11.91n –.01 B–Glob Oppor – 5 + 6+126 40.99n –.22 B+GlobalThem – 3 + 7 +98 27.72n –.23 A+Gold & Prec + 5 – 2+228 22.62n –.03 D–Growth & Inc – 6 + 2 +37 17.00n –.08 D–IncomeGNMA + 3 + 2 +12 14.98n .. E InterTxFree + 1 0 11.10n +.03 A Intl – 3 + 7+132 67.80n –.22 B+Intl Europe – 6 + 5+106 33.88n –.24 A+IntlEmrgMkt – 4 + 6+214 23.17n –.05 A+IntlLtnAmer + 9 + 14+457 77.65n +.05 B–Inv LrgCoGr – 1 + 7 +57 30.15n –.21 D+InvSP500Idx – 5 + 3 +58 18.43n –.12 B Lrg Cap Val + 1 + 7 .. 20.67 –.07 E MA Tax Free + 2 0 +11 14.22n +.05

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

E E E E

Mgd Muni Bd 0 –1 8.87n +.02 NY Tax Free 0 0 10.59n +.02 ShDurPlus 0 0 +13 9.70n .. StrHiYdTax 0 – 1 +12 12.45n +.03 E`Trade Funds $ 760 mil 800–786–2575 C–S&P500 – 5 + 3 +60 11.08n –.07 Eaton Vance A $ 29.2 bil 800–225–6265 E AMTFrMnBdI 0 0 +13 10.28n +.05 E AMTFrMunBd 0 0 +12 9.41 +.05 B+Balanced 0 + 6 +73 7.81 +.02 E CA Muni 0 0 10.21 +.05 A+DivBuilder x – 3 +5 +162x13.9 9 –.08 E Float&HiInc – 2 + 6 .. 9.39 .. E Floating Rt – 3 + 6 .. 9.26 –.01 E FLPlMuni –1 0 10.07 +.04 E Govt Oblig +1 0 7.25 .. A+Greatr India –27 – 13+507 25.41 –.45 A+Grtr Chn Gr –18 – 4+292 28.70 –.22 E Hi Yld Muni – 3 – 2 +14 9.34 +.02 D HiIncOpp – 1 + 5 .. 4.79 –.01 D Inc Bostn 0 + 5 +32 6.02 .. B+Lrg Cap Val – 1 + 6 +97 22.20 –.12 E MA Muni –1 0 9.05 +.04 E Natl LtdMuni 0 – 1 +11 10.05 +.02 E Natl Muni – 2 0 +19 10.67 +.03 E NJ Muni – 1 –1 9.81 +.04 E NY Muni 0 0 10.01 +.04 E OH Muni 0 + 1 +13 9.01 +.04 E PA Muni – 1 0 +10 9.51 +.05 D Strat Inc + 1 + 2 +22 7.83 .. B+Tax Mgd Val – 2 + 5 +93 20.49 –.12 D TaxMgGr 1.1 – 5 + 2 +52 25.54 –.20 D TaxMgGr 1.2 – 5 + 2 +52 11.50 –.09 A–TxEqAsstAl – 2 + 6 +94 14.91 –.04 C+TxMgdDivInc – 2 + 5 .. 13.16 –.10 D+TxMgdGr 1.0 – 5 + 2 +53 580.58n –4.37 D–WW HlthSci – 6 0 +40 9.69 –.04 Eaton Vance Adv $ 768 mil 800–225–6265 E Float Rate – 2 +6 8.96n –.01 E Float&HiInc – 2 + 6 +11 8.83n –.01 Eaton Vance B $ 3.4 bil 800–225–6265 A+Greatr India –27 – 13+496 23.29n –.42 B+Lrg Cap Val – 1 + 5 +92 22.18n –.12 D–Strat Inc + 1 + 2 +20 7.41 .. B TxMgdVal – 3 + 4 +88 19.31n –.11 D TxMgGr1.1 – 5 + 2 +49 24.39n –.18 D TxMgGr1.2 – 5 + 2 +47 11.18n –.08 E WW HlthSci – 6 0 +35 10.11n –.04 Eaton Vance C $ 6.9 bil 800–225–6265 A+DivBuilder x – 4 +5 +157x14.0 2n –.07 E Float&HiInc – 2 +6 8.82 –.01 E Floating Rt – 3 +6 8.96n .. E Hi Yld Muni – 3 – 2 +11 8.64n +.01 D–Inc Bostn 0 + 5 +28 6.01n –.01 B+Lrg Cap Val – 1 + 5 +92 22.18n –.12 E Natl Muni – 3 0 +16 10.67 +.03 D–Strat Inc 0 + 2 +20 7.41 .. B Tx Mg Val – 3 + 4 +88 19.81n –.11 B+TxEqAsstAl – 3 + 6 +87 14.27n –.04 C TxMgdDivInc – 2 + 5 .. 13.13 –.10 D TxMgGr 1.1 – 5 + 2 +48 23.16n –.18 D TxMgGr 1.2 – 5 + 2 +47 11.18n –.08 E WW HlthSci – 6 0 +35 10.11n –.04 A+† EII Intl Pr – 4 + 2 .. 20.14 –.29 † EmgMktGrI – 9 0 .. 19.96n –.09 Eton Vance Instl $ 1.4 bil 800–225–6265 A+TxMgdEmMkt – 3 + 4+374 51.56n –.20 Evergreen A $ 15.0 bil 800–343–2898 E Adj Rate +2 0 9.21 .. C–Asset Alloc – 3 + 1 +60 14.05 –.03 D Balanced 0 + 7 +38 9.07 –.02 E CA Muni Bd 0 0 10.66 +.03 E Core Bond –4 0 9.82 –.01 CorePlusBd – 2 + 1 .. 13.72 .. A+EmgMktsGr 0 + 6+334 24.72 –.09 C EnhcedS&P5 – 5 + 3 +65 15.54 –.09 D–Equity Inc – 8 0 +47 20.13 –.13 D+Equity Index – 5 + 3 +57 51.84 –.34 D+Fundmtl Lrg – 7 + 2 +59 24.18 –.19 A Glbl Opport – 6 + 8+183 33.30 –.18 D–HighInc + 1 + 4 +19 3.13 .. A Intl Eqty – 5 + 7+125 10.22 –.03 IntrinWrld – 3 + 6 .. 21.31 –.22 C Lg Co Gr – 6 + 3 +54 7.67 –.05 B–Mid Cap Gr – 7 + 6 +78 6.19 ..

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value

DIVERSIFY YOUR ASSET CLASS HOLDINGS IN ONE EASY STEP.

VALUE LINE ASSET ALLOCATION FUND Ticker Symbol: VLAAX

Annualized Total Returns after paying expenses as of periods ended 3/31/08* Asset Allocation Fund S&P 500 Index***

One Year

Five Year

2.18% -5.08%

11.66% 11.32%

Ten Year

Expense Ratio**

6.13% 3.50%

1.11%

*Past performance is no guarantee of future results. The Fund primarily seeks income and long-term growth of capital by investing in a diversified portfolio of common stocks, bonds and money market securities.

For more information and a prospectus call today

1-800-243-2729

or visit our website at

www.vlfunds.com

or contact your broker or financial professional. All performance data is historical and reflects changes in share price, reinvested dividends, and is net of expenses. Return and principal value will vary and shares may be worth more or less when redeemed. Current performance may be lower or higher than the performance data quoted. For the most current performance data, call 1.800.243.2729 or visit www.vlfunds.com. ** The Fund’s expense ratio is a percent of total investments as of fiscal year ended March 31, 2007. ***The Standard & Poor’s 500 Index consists of 500 stocks which are traded on the New York Stock Exchange, American Stock Exchange and the Nasdaq National Market System and is representative of the broad stock market. This is an unmanaged index and does not reflect charges, expenses or taxes, and it is not possible to directly invest in this index. You should carefully consider investment objectives, risks, charges and expenses of Value Line Mutual Funds before investing. This and other information can be found in the fund’s prospectus, which can be obtained from your investment representative or by calling 1.800.243.2729 or visit www.vlfunds.com. Please read it carefully before you invest or send money. Value Line Mutual Funds are distributed by Value Line Securities, V A L U E L I N E No-Load Inc. 2008. Mutual Funds

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1-800-243-2729

A11

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg


A12

MONDAY, MAY 12, 2008

36 Mos Preformance Rating Fund

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

E Muni Bond + 1 0 +11 7.30 +.01 C–Omega – 6 + 4 +60 28.65 –.20 A+PreciousMtl + 6 – 2+294 69.51 –.22 C Special Val – 2 + 2 +76 20.07 –.02 E Strat Muni + 1 0 +10 8.71 +.01 E US Govt + 1 + 1 +10 10.05 .. A+Util&Telecm – 2 + 6+174 15.67 –.08 Evergreen B $ 3.5 bil 800–343–2898 E Adj Rate +1 0 9.21n .. D Asset Alloc – 4 + 1 +56 13.85n –.03 Evergreen C $ 6.8 bil 800–343–2898 E Adj Rate +1 0 9.21 .. D Asset Alloc – 4 + 1 +55 13.59 –.03 A+PreciousMtl + 6 – 2+281 65.28 –.21 Evergreen I $ 16.3 bil 800–343–2898 E Adj Rate +2 0 9.21n .. C–Asset Alloc – 3 + 1 +61 14.14n –.03 E Core Bond –4 0 9.82n –.01 A+EmgMktsGr 0 + 6+340 25.69n –.09 C+EnhcedS&P5 – 5 + 3 +67 15.63n –.09 C–Equity IdxI – 5 + 3 +59 51.88n –.34 D Equity Inc – 7 0 +48 20.13n –.12 C–Fundmtl Lrg – 7 + 2 +61 24.60n –.20 C+Growth –11 + 1 +66 14.33n –.03 D–Intl Bond I + 8 + 5 +34 12.11n +.09 A Intl Eqty – 5 + 7+127 10.32n –.04 E Intrmd Muni I + 1 0 +12 60.77n +.19 E Muni Bond + 1 0 +12 7.30n +.01 E NC Muni 0 0 9.94n +.02 E PA Muni + 1 0 10.92n +.03 E SC Muni Bd .. .. no quote E Sh Intm Mun + 1 0 9.82n +.02 E Sh Intmd Bd – 4 –1 5.65n –.01 C Special Val – 2 + 2 +78 20.23n –.03 C+Strat Gr I – 5 + 7 +59 32.10n –.17 E UltraShtOpp – 1 – 1 .. 9.23n .. E US Govt + 2 + 1 +11 10.05n .. Evergreen Instl Fund $ 517 mil 800–343–2898 C+DiscplinVal – 4 + 3 .. 15.07 –.10

—F— A–† Fairholme + 2 + 3+131 32.50 –.28 FAM Funds $ 876 mil 800–932–3271 E Value – 4 + 2 +49 43.66n –.09 FBR Funds $ 1.6 bil 888–888–0025 C+Focus r – 9 – 2+104 49.63n –.24 B+GasUtilIdx r – 1 + 4+109 20.73n +.05 Federated A $ 16.0 bil 800–245–5051 E Amer Ldrs – 6 + 3 +29 16.24 –.06 D–Bond + 2 + 2 +18 8.79 .. B–Capital Apprec – 2 + 5 +51 20.85 –.10 C–Capital Inc 0 + 2 +49 7.92 –.01 C+Equity Inc – 3 + 1 +67 19.91 –.07 D Hi Inc Bond + 1 + 4 +27 7.57 .. A+InterCont – 3 + 8+206 64.04 –.31 A+IntlSmMdCo – 3 + 6+209 44.51 –.29 A–Kaufmann – 9 – 1+108 5.65 –.02 B–KaufSmlCap –12 – 1+138 22.83 –.10 A–Md Gr Strat – 1 + 8+115 38.91 –.03 B MDTAllCore – 1 + 8 +75 16.13 –.07 E Mkt Opps + 2 – 2 +21 12.21 –.02 E Muni Secs 0 0 10.15 +.03 D–Muni&Stock – 2 0 .. 11.14 +.01 E MuniHiYld A – 3 – 3 +10 8.88 +.02 E PA Muni Inc –1 0 10.88 +.03 C–Stock & Bd – 2 + 3 +37 17.31 –.05 C–Strat Value – 6 0 .. 5.28 –.03 D StratInc + 2 + 2 +30 8.77 .. E Tot Rtn Bd + 2 + 2 +13 10.76 –.01 E US Govt Secs + 2 + 1 +12 7.74 –.01 Federated B $ 3.6 bil 800–245–5051 E Amer Ldrs ��� 7 + 3 +26 16.31 –.06 E Bond + 1 + 1 +15 8.82n .. B–Capital Apprec – 3 + 4 +50 19.91n –.09 D–Hi Inc Bd + 1 + 4 +24 7.56n .. A–Kaufmann – 9 – 1+102 5.39 –.02 E Mkt Opps + 1 – 2 +19 12.15n –.02 E StratInc + 2 +2 8.77 .. Federated C $ 3.7 bil 800–245–5051 A–Kaufmn C – 9 – 1+102 5.39 –.02 B–KaufSmlCap –12 – 1+132 22.16 –.10 E Mkt Opps + 1 – 2 +18 12.12 –.02 Federated F $ 1.1 bil 800–245–5051 E Govt Inc Sec + 2 + 1 +11 8.92 –.01 E MuniHiYield – 3 – 3 +10 8.88 +.02 Federated Instl $ 14.2 bil 800–341–7400 D–GNMA Instl + 3 + 2 +11 10.98n –.01 D–Govt 1–3 Instl + 2 0 +10 10.70n –.01 D–Govt 2–5 Instl + 3 0 +12 11.51n .. D High Yield 0 + 4 +28 5.70n –.01 D–Income Instl + 2 + 2 +13 10.36n –.01 E IntmCorpBd + 2 + 1 +12 10.04n .. A–Kaufmann K – 9 – 1+108 5.66 –.01 C–MaxCapIdx – 5 + 3 +53 22.36n –.14 D+MaxCpIdxSS – 5 + 3 +52 22.30n –.13 B Mid Cap Idx 0 + 8 +86 21.70n +.02 D–Mortgage + 2 + 1 +12 9.87n –.02 E ShTrmInc +1 0 8.29n .. D+Stock – 4 + 3 +48 25.12n –.09 D–Tot Ret Gov + 3 + 1 +15 11.08n .. D–Tot Rtn Bd + 2 + 2 +16 10.76n –.01 D–TotRtnBd Svc + 2 + 2 +15 10.76n –.01 E Ultra Sh Bd – 1 –1 9.01n .. Federated Y $ 221 mil 800–245–5051 D–US Gov 1–3 + 2 0 +11 10.70n –.01 Fidelity Adv A $ 23.7 bil 800–522–7297 C–Balanced – 2 + 4 +34 15.76 –.04 D–Div Growth – 6 + 2 +36 11.65 –.11 A–Divers Intl r – 4 + 8+127 21.02 –.19 B+Dynamic Cap r – 7 0 +62 18.48 –.05 A+EmergMkts r – 5 + 4 .. 28.41 –.12 B Equity Gr – 8 + 2 +67 59.29 –.42 C–Equity Inc – 6 + 2 +64 26.89 –.23 E FloatRtHiIn r 0 + 7 +12 9.45 –.01 GovtIncome + 3 + 1 .. 10.52 .. B–Growth & Inc – 6 + 4 +50 19.47 –.13 B–Growth Opp – 7 + 9 +67 39.05 –.34 C HiInc Advt 0 + 5 +48 9.86 .. A–Industrial r – 2 + 6+130 23.33 –.13 A IntlDiscov r – 6 + 5 .. 40.02 –.22 E Intmd Bd 0 0 10.55 +.01 A Lev Co Stk + 5 + 13+210 39.82 –.04 B Mid Cap A – 6 + 6 +83 21.72 –.11 A–Mid Cp II – 4 + 5 .. 16.29 –.03 E Muni Inc 0 0 +12 12.55 +.04 A–New Insight – 5 + 5 .. 20.39 –.08 E Sh Tm Fx – 1 –2 9.00 .. B Small Cap – 3 + 3+106 23.83 +.01 D Strat Inc + 2 + 2 +28 11.57 +.02 B–Value Strat – 7 + 3 +81 24.22 –.07 Fidelity Adv B $ 3.8 bil 800–526–0084 D–Div Growth – 6 + 1 +32 11.31n –.11 B+DiversIntl – 4 + 7+119 20.06n –.17 B–Equity Grow – 8 + 2 +60 54.71n –.38 D+Equity Inc – 6 + 2 +60 26.96n –.22 A Lev Co Stk + 5 + 13+201 38.39n –.05 B Mid Cap – 7 + 6 +77 20.84n –.10 A–New Insight – 6 + 5 .. 19.76n –.07 D–Strategic Inc + 2 + 2 +25 11.60n +.02 Fidelity Adv C $ 8.7 bil 800–522–7297 D–Div Growth – 6 + 1 +32 11.30n –.11 B+Divers Intl – 4 + 7+120 20.10n –.18 B–Equity Grow r – 8 + 2 +61 55.57n –.39 D+Equity Inc r – 6 + 2 +60 26.98n –.22 E FloatRtHiIn r 0 + 6 +10 9.45n –.01 D+HiInc Advt r 0 + 5 +44 9.85n .. A Lev Co Stk + 5 + 13+201 38.34n –.04 B Mid Cap C – 7 + 6 +77 20.83n –.10 B+Mid Cp II – 4 + 5 .. 16.01n –.03 A–New Insight – 6 + 5 .. 19.81n –.08 B–Small Cap – 3 + 3 +98 21.86n .. D–Strat Inc + 2 + 2 +25 11.55n +.02 Fidelity Adv Free A $ 4.0 bil 800–544–8888 D 2010 x – 2 + 3 ..x 11.88 –.33 C–2015 x – 2 + 3 ..x 11.96 –.36 C 2020 x – 3 + 3 ..x 12.87 –.48 C+2025 x – 4 + 3 ..x 12.43 –.46 B–2030 x – 5 + 4 ..x 13.47 –.58 B–2035 x – 5 + 4 ..x 12.74 –.52 B–2040 x – 5 + 4 ..x 13.76 –.64 Fidelity Adv Free T $ 1.7 bil 800–544–8888 D 2010 x – 2 + 3 ..x 11.84 –.33 D+2015 x – 3 + 3 ..x 11.94 –.35 C 2020 x – 3 + 3 ..x 12.86 –.47 C+2025 x – 4 + 3 ..x 12.46 –.45 C+2030 x – 5 + 3 ..x 13.43 –.58 B–2040 x – 5 + 4 ..x 13.72 –.64 Fidelity Adv I $ 23.3 bil 800–526–0084 D Div Growth – 6 + 2 +37 11.78n –.12 A–Divers Intl – 4 + 8+129 21.39n –.19 B+DynmcApprec – 7 0 +64 18.91n –.05 B Equity Grow – 8 + 2 +70 63.06n –.44 C Equity Inc – 6 + 2 +65 27.66n –.23 GovtIncome + 3 + 1 .. 10.52 +.01 B–Growth & Inc – 5 + 4 +52 19.62n –.13 D High Inc + 1 + 5 +26 8.76n –.01 C HiInc Advt 0 + 5 +48 9.46n –.01 E Intermed Bd 0 0 10.58n +.01 B Large Cap – 8 + 3 +65 18.96n –.10 A Lev Co Stk + 5 + 13+214 40.22n –.04 B Mid Cap I – 6 + 7 +85 22.50n –.11 A–Mid Cp II – 4 + 5 .. 16.41n –.03 A–New Insight – 5 + 5 .. 20.59n –.08 A Overseas – 4 + 7+145 22.86n –.11 E Sh Fxd Inc – 1 –2 9.01n .. 36 Mos Fund Preformance Rating

MUTUAL FUND PERFORMANCE

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D–Sh Intmd Govt + 2 0 +11 9.83n .. B Small Cap – 3 + 4+110 24.77n +.01 D Strat Inc + 2 + 3 +29 11.67n +.01 StrtRealRet + 6 + 5 .. 10.46n +.03 E TotalBond + 1 + 1 .. 10.30n .. Fidelity Adv T $ 25.9 bil 800–526–0084 C–Balanced – 2 + 4 +33 15.88 –.04 D–Div Growth – 6 + 1 +35 11.59 –.12 A–Divers Intl – 4 + 8+125 20.79 –.18 B+Dyn Cap – 7 0 +60 18.14 –.04 B Equity Gr – 8 + 2 +65 59.16 –.42 C–Equity Inc – 6 + 2 +63 27.25 –.23 E FloatRtHiIn r 0 + 7 +12 9.44 –.01 GovtIncome + 3 + 1 .. 10.52 +.01 C+Growth & Inc – 6 + 4 +50 19.39 –.13 B–Growth Opp – 7 + 8 +66 39.51 –.34 C HiInc Advt 0 + 5 +48 9.90 .. E Intermed Bd 0 0 10.56 +.01 A Lev Co Stk + 5 + 13+207 39.24 –.04 B Mid Cap – 6 + 6 +82 21.98 –.11 A–Mid Cp II – 4 + 5 .. 16.25 –.03 E Muni Inc 0 0 +11 12.58 +.04 A–New Insight – 5 + 5 .. 20.28 –.08 A Overseas – 4 + 7+141 22.93 –.11 E ShTrm Fxd Inc – 1 – 2 9.01 .. B Small Cap – 3 + 3+104 23.19 +.01 D Strategic Inc + 2 + 2 +28 11.57 +.02 B–Value Strat – 7 + 3 +80 25.03 –.07 Fidelity Freedom $ 78.7 bil 800–544–8888 D–2000 x 0 + 2 +23x12.08n –.26 D 2005 x – 2 + 3 ..x11.32n –.30 D+2010 x – 1 + 3 +40x14.18n –.45 C 2015 x – 2 + 3 ..x11.90n –.34 C+2020 x – 3 + 4 +57x14.87n –.55 C+2025 x – 3 + 4 ..x12.40n –.42 B–2030 x – 4 + 4 +67x15.27n –.67 B–2035 x – 4 + 4 ..x12.69n –.50 B–2040 x – 4 + 4 +72x 8.96n –.40 2045 x – 4 + 4 ..x10.57n –.33 2050 x – 5 + 4 ..x10.59n –.36 D–Income 0 + 1 +19 11.23n .. Fidelity Select $ 26.9 bil 800–544–8888 E Banking r – 8 – 4 22.29n –.10 D Biotechnlgy r – 5 – 1 +46 63.27n +.25 A–Brokrge&Inv r – 9 + 2+100 58.14n –.39 A Chemicals r + 7 + 9+151 88.04n –.51 C+CommEquip r – 4 + 11 +87 21.51n .. B Computers r – 7 + 15 +77 44.82n –.14 A–ConsumeStpl r – 4 + 1+101 64.05n –.30 A–Dfnse&Aero r – 6 + 2+155 78.26n –.50 E Electronics r – 9 + 11 +47 41.41n –.09 A+Energy r + 8 + 16+307 70.80n –.29 A+Energy Svcs r +10 + 25+290 107.64n +.15 E Financl Svcs r –12 – 3 +25 84.32n –.89 A+Gold r + 3 – 2+174 40.88n –.21 D–Health Care r –13 – 6 +37 104.77n –.13 A Indstrl Equip r – 5 + 5+129 33.55n –.12 C+Leisure r – 8 – 2 +69 70.42n –.05 A+Materials r + 5 + 10+206 61.67n –.62 C+Med Eq & Sys r – 1 – 1 +79 23.82n –.14 E Medcl Dlvry r –21 – 11+126 41.25n +.19 A+Natural Gas r +15 + 17+297 53.43n –.41 A+Natural Res + 8 + 16+320 42.67n –.17 A Sftwr&Cmp r – 9 + 7 +95 74.08n –.30 B Technology r – 8 + 13 +74 74.71n –.33 B Telecommun r –14 – 1 +79 44.58n –.38 A Utility Gr r – 6 + 1+130 60.61n +.22 A–Wireless –13 + 2+203 7.55n +.03 Fidelity Spartan $ 61.7 bil 800–544–8888 500 Idx Adv – 5 + 3 .. 96.49n –.62 D+500 Idx Inv – 5 + 3 +59 96.48n –.62 ExtMkt Adv – 4 + 3 .. 36.32n –.07 B ExtMkt Inv – 4 + 3 +99 36.32n –.07 IntlIdx Adv – 3 + 8 .. 45.75n –.32 A IntlIdx Inv – 3 + 8+143 45.75n –.32 IntTrsBdAd r + 4 + 1 .. 10.54n +.03 IntTrsBdIdx r + 4 + 1 .. 10.54n +.03 STTrAdv r + 3 0 .. 10.41n +.01 TotMkt Adv – 5 + 3 .. 38.93n –.21 C TotMkt Inv – 5 + 3 +69 38.93n –.20 US EqIdxAdv – 5 + 3 .. 49.17n –.32 C–US EqIdxInv – 5 + 3 +60 49.16n –.33 Fidelity Invest $ 657 bil 800–544–8888 100 Index – 6 + 3 .. 9.96 –.07 C+4–in–1 Idx r – 3 + 4 +68 29.36n –.14 B AdvCapDev A – 5 + 5 +50 11.63 –.01 B AdvCapDevO – 5 + 5 +53 11.93n –.01 C+AdvDivStkO – 8 + 4 +56 15.38n –.12 B Aggr Intl – 4 + 8 +80 14.57n –.08 C+Aggres Gr r –12 + 2 +68 20.20n +.08 D AssetMgr50% – 3 + 2 +27 14.98n –.03 D AssetMgr70% – 4 + 3 +39 16.31n –.06 B–AssetMgr85% – 5 + 4 +82 13.50n –.06 D AsstMgr20% r – 1 + 1 +28 12.23n –.01 B–Balanced – 2 + 4 +67 19.12n –.04 D BlueChipGro – 5 + 6 +42 41.81n –.12 C+BlueChipVal – 5 + 3 .. 13.87n –.10 E CA Muni Inc 0 0 +11 12.04n +.03 A+Canada r + 4 + 11+233 63.77n +.38 C–Cap & Inc + 1 + 5 +43 8.57n –.02 C+CaptlApprec – 6 0 +73 25.11n –.06 A+China Rgn r – 6 + 6+229 29.28n –.13 A–Contrafund – 5 + 6+102 68.59n –.31 A–Convrt Secs + 4 + 8 +78 28.85n –.06 E CT Muni Inc r + 1 0 +10 11.28n +.03 B–Disciplnd Eq – 7 + 2 +69 27.38n –.11 A Diversifd Intl – 4 + 8+156 38.39n –.21 D Dividend Grow – 6 + 2 +37 27.72n –.26 A+Emrg Mkts r – 5 + 4+370 31.99n –.16 C Equity Inc – 5 + 3 +62 51.47n –.37 D+Equity Inc II – 6 + 2 +52 21.42n –.18 A+Euro CapApp r – 6 + 7+144 25.09n –.14 A Europe r – 5 + 7+175 40.06n –.21 B–Exchange – 4 + 3 +74 334.57n –1.91 B Exprt&Mltint r – 6 + 6 +85 24.16n –.26 B Fidelity Fund – 6 + 4 +70 37.54n –.21 B+Fifty r – 6 + 7 +49 20.47n –.13 E FloatHiInc 0 + 7 +13 9.44n –.01 B+Global Balncd 0 + 6 +89 22.48n .. D–GNMA + 2 + 2 +14 11.01n –.01 D–Govt Income + 3 + 1 +14 10.51n +.01 E Gr & Inc – 7 + 1 +25 25.34n –.29 A–GrDiscovery – 8 + 2 +72 14.94n –.10 A–Grwth Cmpny – 3 + 8+109 80.34n –.27 D High Income + 2 + 5 +30 8.59n –.01 A+Independnc + 3 + 12+115 28.56n –.20 E InflProtBd + 4 + 1 +21 11.41n +.05 D–Int Gov Inc + 3 + 1 +13 10.43n +.01 E Int Mun Inc + 1 0 +12 9.96n +.02 A Intl Discov – 6 + 5+169 40.32n –.22 A–IntlRealEst r – 5 + 3 .. 12.78n –.20 A–IntlSmCap – 2 + 9+207 22.59n +.07 IntlSmlOpp – 3 + 7 .. 13.93n –.12 IntlVal r – 2 + 9 .. 11.17n –.08 E Intmd Bond + 1 0 10.06n +.01 E Inv Grade Bd 0 0 7.07n .. B–Japan r – 1 + 7+107 14.20n –.23 E Jpn Sm Cos r – 6 + 7 +71 10.34n –.04 B–Large Cap Stk – 8 + 3 +60 17.88n –.09 A+Latin Amer r + 9 + 12+580 67.50n +.05 A LevrgdCoStk + 5 + 13+209 34.10n –.05 LgCorEnhIdx – 5 + 4 .. 9.61 –.05 B Low Pr Stk – 2 + 4+103 40.45n –.03 C Lrg Cp Val r – 7 + 1 +75 13.45n –.07 E MA Muni Inc + 1 0 +12 11.69n +.03 B–Magellan – 6 + 5 +51 85.82n –.53 C+MegaCpStk – 7 + 1 +49 10.86n –.08 E MI Muni Inc + 1 0 +11 11.73n +.03 D Mid Grow r – 6 + 4 +76 12.68n –.02 A–Mid Stk – 3 + 8 +85 28.33n –.14 C Mid Val r – 6 + 1 +88 15.27n –.03 E MN Muni Inc + 1 0 +11 11.19n +.03 E Mortg Secs – 1 0 10.21n .. E Municipal Inc 0 0 +12 12.46n +.03 A–New Millnm – 8 + 3 +71 27.22n –.20 B–NewMktsInc r + 2 + 2 +49 14.59n –.02 E NJ Muni Inc r + 1 0 +12 11.42n +.04 A+Nordic r – 3 + 8+222 44.21n –.02 E NY Muni Inc + 1 0 +12 12.64n +.03 E OH Muni Inc + 1 0 +12 11.47n +.04 A–OTC – 8 + 9 +93 47.79n –.11 A+Overseas – 7 + 3+158 45.00n –.25 E PA Muni Inc r + 1 0 +11 10.66n +.03 A+Pacific Basin r –11 + 1+170 26.85n –.15 C–Puritan – 4 + 3 +46 18.22n –.06 B–Real Estate + 9 + 12+109 28.31n –.29 E RealEstInc r – 3 – 2 +19 9.88n .. E Sh Int Muni + 2 0 10.39n +.01 E Short Term Bd – 1 – 2 8.38n +.01 D+Sm Retr r 0 + 2 +68 14.36n +.03 C+Small Stk – 7 + 2 +87 16.24n –.05 C+SmIndep r –10 + 2 +72 17.82n –.05 B+Sml Grow r –11 0 .. 14.11n –.02 C+Sml Val r – 7 + 1 .. 12.65n –.02 SmlOpport –11 0 .. 8.29 –.02 A+SoEast Asia r –16 – 4+324 33.45n –.25 B–StkSelector – 6 + 4 +69 27.80n –.18 C+StraDiv&Inc – 2 + 3 .. 12.26n –.05 StraRealRet r + 6 + 5 .. 10.47n +.03 D Strategic Inc + 2 + 3 +29 10.42n +.02 E Tax Fr Bond + 1 0 +14 10.63n +.03 E Total Bond + 1 + 1 +12 10.31n .. B Trend – 8 + 5 +73 64.89n –.31 E Ultra Sh Bd – 7 –5 8.29n .. E US Bond Idx + 2 + 1 +12 10.92n .. B+Utility – 7 + 1+101 19.07n –.02 B+Val Disc – 6 + 2 +94 16.87n –.10 B–Value – 3 + 4 +94 72.61n –.16 B–Value Strat – 6 + 3 +84 26.92n –.07 A World Wide – 4 + 8+114 20.57n –.13 FidltyAdvFoc A $ 1.0 bil 800–522–7297 A+Energy r + 8 + 16+280 57.74 –.24 D–Health Care –13 – 6 +36 19.53 –.03 B Technology r – 9 + 12 +70 19.32 –.10 FidltyAdvFoc T $ 889 mil 800–522–7297 A+Energy r + 8 + 16+278 59.10 –.25

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

36 Mos 2008 12 Wk 5 Yr Net % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B–Technology – 9 + 12 +68 18.86 –.09 Fifth Third Inst $ 4.4 bil 800–334–0483 E Bond – 1 –1 9.48n .. C–DiscpLgVal – 4 + 2 +70 12.61n –.10 C–Eqty Index – 5 + 3 +59 26.36n –.17 A Intl Equity – 4 + 8+127 14.06n –.15 D LM Moderate – 3 + 2 +40 12.17n –.04 B Mid Cap Gr – 3 + 5 +74 13.25n +.02 C MultCapVal – 6 + 1 +81 19.89n –.12 B Quality Gr – 5 + 6 +52 17.31n –.08 E Sh Trm Bd + 1 –1 9.39n +.01 First Amer A $ 2.1 bil 800–677–3863 C+Mid Cap Val – 4 + 2 +94 23.88 –.04 B MidCapGrOpp – 7 + 4 +86 37.74 –.13 C–Sm Cap Sel – 7 + 4 +57 11.11 +.03 First Amer Y $ 14.6 bil 800–677–3863 E Core Bond + 2 + 2 +12 11.16n –.01 C+Equity Inc – 5 + 3 +62 13.95n –.11 C–Equity Index – 5 + 3 +58 25.21n –.16 D High Inc Bd + 1 + 4 +28 9.04n .. E Int Tax Fr + 1 0 10.65n +.03 E Int Trm Bd + 2 + 1 +11 10.07n .. A–Intl – 3 + 9+116 14.55n –.12 D+Lg Cap Sel – 4 + 5 +53 13.36n –.08 C+LgCapGrOpp – 5 + 6 +58 31.41n –.23 C+Lrg Cap Val – 5 + 2 +67 18.12n –.14 C+Mid Cap Val – 4 + 2 +96 24.03n –.04 B Mid Cp Idx 0 + 8 +88 13.19n +.01 B+MidCapGrOpp – 7 + 4 +93 40.36n –.14 E MN IntTxFr +2 0 9.83n +.02 A–Real Estate + 8 + 13+119 19.30n –.15 E Sh Trm Bd + 1 0 10.02n .. C–Sm Cap Sel – 6 + 4 +61 12.00n +.03 D Small Cap Val – 4 + 3 +64 10.86n +.03 E Tax Free + 1 0 10.43n +.05 D–Total Retrn + 3 + 3 +18 10.27n –.01 First Eagle $ 19.8 bil 800–451–3623 B+Fund Amer Y + 4 + 10 +84 27.25n –.05 A–Global A + 1 + 6+121 45.48 –.29 A+Gold + 4 – 1+159 24.86 –.09 A–Overseas A + 1 + 7+135 23.49 –.15 C+US ValueA 0 + 5 +79 16.12 –.07 First Invstrs A $ 5.2 bil 800–423–4026 D Blue Chip b – 6 + 2 +48 23.13 –.14 E Fnd for Inc b 0 + 4 +20 2.80 –.01 B+Global b – 4 + 5 +96 7.38 –.06 E Government b + 3 + 2 +10 10.91 –.02 D+Gr & Inc b – 4 + 4 +63 15.15 –.05 E Ins Tax Ex b +1 0 9.71 +.02 E Invest Grade b + 2 + 1 9.56 +.01 C+Md Cap Opp b – 1 + 8 +89 27.45 –.07 C–SelectGrow b – 9 + 2 +59 7.92 –.02 B Spec Stuatn b – 5 + 2 +88 21.87 –.04 D Total Return b – 1 + 3 +43 14.84 –.02 D Value b – 4 + 3 +68 7.42 –.02 First Src Mono $ 640 mil 800–766–8938 A–Income Eqty – 1 + 4+103 15.09n –.04 Firsthand Funds $ 399 mil 888–884–2675 A–Tech Value –11 + 7+105 39.44n –.14 FMI Funds $ 1.9 bil 800–811–5311 C+Common Stk + 1 + 4 +66 21.61n –.02 C+Focus – 2 + 5 +67 30.30n –.02 C+Large Cap b – 2 + 2 +86 14.95n –.07 Forum Funds $ 4.3 bil 800–943–6786 Abslt Strat 0 + 2 .. 10.80n –.01 A–BrnCrInIns – 4 + 8+102 15.21n –.12 D BrownValEq – 5 + 2 +56 12.98n –.09 B+DFDentPrGro – 5 + 5+102 16.99n –.12 GldnSmCrInt 0 + 7 .. 11.30 +.01 Wintergrn – 6 – 1 .. 13.70n +.01 Forward Funds $ 1.0 bil 800–999–6809 A–Intl SmCo I – 4 + 7+193 17.38n –.07 B–SmlEq Inv – 6 + 3 +85 18.45n –.04 FPA Funds $ 5.8 bil 800–982–4372 C–Capital + 4 + 6 +80 38.25 +.21 B Crescent I + 4 + 6 +74 26.18n –.01 D–New Income + 2 0 +16 11.04 .. D+Paramount – 3 + 7 +96 16.68 –.07 D Perennial – 3 + 8 +86 33.24 –.12 Frank/Tmp Fr A $ 127 bil 800–342–5236 E Adj US Gov + 2 +1 8.89 .. E AL Tax Fr + 1 + 1 +12 11.28 +.03 E AZTaxFrInc 0 0 +14 10.78 +.04 C Bal Sheet – 1 + 5 +90 57.66 –.04 D–Biotch Dsc – 6 – 2 +47 54.94 –.09 E CA HighYld 0 0 +13 9.72 +.03 E CA InsTxFr 0 + 1 +12 12.40 +.03 E CA IntTxFr + 1 0 +10 11.41 +.02 E CA Tax Fr + 1 0 +14 7.09 +.02 D+Cap Growth – 4 + 5 +47 11.91 –.04 A+ChinaWrld – 8 + 2 .. 40.40 –.40 D+CnsrvTrgt 0 + 3 +43 13.47 –.02 E CO Tax Fr 0 + 1 +12 11.72 +.05 C Conv Secs + 1 + 4 +59 15.38 +.02 C–CorefoAlloc – 6 + 3 .. 13.10 –.08 E CT TaxFrInc + 1 + 1 +12 10.84 +.03 E Double Tx Fr + 1 + 1 +12 11.63 +.05 B Dynatech – 5 + 12 +75 30.76 –.09 E Equity Inc – 2 + 2 +46 19.09 –.11 E FedIntTxFr + 1 0 +11 11.40 +.02 E FedTxFrInc + 1 + 1 +14 11.84 +.04 E FL Tax Fr + 1 + 1 +12 11.61 +.03 E FltRateDly 0 + 5 +11 9.41 –.01 C+Flx Cap Gr – 5 + 8 +82 46.26 –.19 D FoundAlloc – 5 + 3 .. 12.57 –.07 E GA Tax Fr + 1 + 1 +13 11.90 +.03 A+Gold & Prec + 8 + 1+276 39.30 –.08 C+Grwth – 5 + 2 +77 42.46 –.20 B GrwthTgt – 3 + 4 +78 15.63 –.05 D High Inc + 2 + 5 +37 2.01 .. E HiYldTxFr 0 0 +17 10.27 +.02 C+Income 0 + 4 +54 2.53 .. E Ins Tax Fr + 1 + 1 +11 12.06 +.04 E LA Tax Fr 0 + 1 +12 11.28 +.04 E LtdMatGovt + 2 +1 10.20 .. E MA InsTaxFr + 1 + 1 +11 11.69 +.03 E MD Tax Fr + 1 + 1 +10 11.38 +.04 E MI InsTxFr + 1 + 1 +11 12.09 +.03 D+MicroCpVal – 7 – 3 +88 31.83 –.21 E MN Ins Tax Fr + 1 + 1 +11 11.95 +.03 E MO Tax Fr + 1 + 1 +13 12.01 +.03 A+Nat Resrces +12 + 18+288 48.25 –.18 E NC Tax Fr + 1 + 1 +13 12.01 +.04 E NJ Tax Fr + 1 + 1 +14 11.93 +.03 E NY InsTaxFr 0 +2 11.23 +.04 E NY IntTaxFr +1 0 10.84 +.03 E NY Tax Fr + 1 + 1 +12 11.59 +.03 E OH InsTaxFr + 1 + 1 +11 12.43 +.03 E OR Tax Fr + 1 + 1 +15 11.70 +.04 E PA Tax Fr + 1 0 +11 10.22 +.03 Persp Alloc – 6 + 4 .. 12.07 –.08 E RealEstSecs + 6 + 11 +64 18.30 –.14 D Rising Divs – 2 + 3 +48 33.10 –.24 D–SmCapGr II –11 + 2 +58 9.22 +.01 C+SmlCapVal + 1 + 7+101 41.03 .. B–SmMdCapGr – 6 + 6 +75 33.26 +.02 D Strat Inc + 2 + 3 +31 10.24 .. E StratMortg 0 +2 9.27 –.01 E TN Muni 0 0 +11 11.04 +.03 E Totl Retrn + 1 + 2 +14 9.90 .. D–US Gov Sec + 3 + 2 +10 6.53 .. B+Utilities – 6 + 2+101 13.81 +.01 E VA Tax Fr + 1 + 1 +14 11.59 +.04 Frank/Tmp Fr B $ 6.8 bil 800–342–5236 E CA Tax Fr 0 0 +11 7.08n +.02 E FedTxFrInc + 1 + 1 +12 11.83n +.03 D+FoundAlloc – 5 + 2 .. 12.50n –.07 C Income 0 + 4 +50 2.52n –.01 C Income 1 0 + 4 +52 2.53n –.01 D–Rising Div – 2 + 3 +44 32.79n –.24 E US Govt Secs + 2 + 1 6.52n .. Frank/Tmp Fr C $ 30.0 bil 800–342–5236 E CA HighYld 0 0 +11 9.77 +.04 E CA Tax Fr 0 0 +11 7.08 +.02 D+Conv Secs + 1 + 4 +55 15.22 +.02 E FedTxFrIn + 1 + 1 +12 11.83 +.03 E FltRateDly 0 +5 9.41n –.01 C Flx Cap Gr – 5 + 8 +75 43.21 –.18 D FoundAlloc – 5 + 2 .. 12.34n –.07 A+Gold & Prec + 8 + 1+265 38.26 –.09 C Grwth – 5 + 2 +71 40.26 –.19 D High Inc + 1 + 4 +35 2.02 –.01 E HiYldTxFr 0 0 +15 10.39 +.02 C Income 0 + 4 +52 2.55 .. E NJ Tax Fr + 1 + 1 +12 12.04 +.04 E NY Tax Fr + 1 + 1 +10 11.58 +.02 D–Rising Divs – 2 + 3 +44 32.69 –.24 C SmCapVal + 1 + 6 +96 38.80 .. C+SmMidCapGr – 6 + 5 +68 30.42 +.01 D–Strategic Inc + 2 + 3 +28 10.24 .. E US Gov Sec + 2 +1 6.49 –.01 B+Utilities – 6 + 2 +98 13.76 +.01 Frank/Tmp Fr R $ 1.8 bil 800–342–5236 C–Growth – 8 + 3 +75 21.94n –.22 C Income 0 + 4 +50 2.50n –.01 C–Mutl Shrs – 6 + 1 +62 23.54n –.12 Frank/Tmp FrAd $ 9.7 bil 800–342–5236 E CA Tax Fr + 1 0 .. 7.08n +.02 E FedTxFrInc + 1 + 1 +15 11.84n +.03 B–Grwth – 4 + 2 +79 42.51n –.20 C+Income + 1 + 4 +55 2.52n .. D–SmCapGr II –11 + 2 +60 9.50n +.01 B–SmMidCapGr – 6 + 6 +77 34.00n +.01 E Totl Retrn + 1 + 2 +15 9.91n –.01 D–US Govt Secs + 3 + 2 +11 6.54n –.01 Frank/Tmp Mutual A&B $ 22.1 bil 800–292–9293

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Rating Chg Chg Tax% Value

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D+Beacon A – 5 + 2 +63 14.79 –.07 A–Discovery A – 4 + 4+113 30.92 –.10 B+Discovery B – 4 + 4+109 30.23n –.10 A European A – 5 + 6+129 24.62 –.17 E Finl Svcs A –11 – 2 +41 16.55 –.12 B Qualified A – 4 + 1 +86 20.85 –.05 D Recovery A – 5 + 2 .. 12.58 –.03 C–Shares A – 6 + 1 +63 23.70 –.11 D+Shares B – 6 + 1 +60 23.12n –.12 Frank/Tmp Mutual C $ 6.9 bil 800–342–5236 D+Beacon – 6 + 1 +63 14.61 –.07 B+Discovery – 4 + 4+111 30.59 –.11 A European – 5 + 6+128 24.52 –.17 B Qualified – 4 + 1 +82 20.61 –.05 D+Shares – 6 + 1 +60 23.38 –.11 Frank/Tmp Mutual Z $ 25.0 bil 800–448–3863 D+Beacon – 5 + 2 +67 14.90n –.07 A–Discovery – 4 + 4+119 31.29n –.10 A European – 5 + 6+131 25.08n –.18 B Qualified – 4 + 1 +85 21.01n –.04 C Shares – 6 + 1 +65 23.90n –.12 Frank/Tmp Tp A $ 52.6 bil 800–354–9191 BRIC – 7 + 2 .. 17.33 –.07 A+Dvlp Mkts – 8 + 4+237 28.13 –.10 A–Foreign – 7 + 6+110 11.69 –.14 B+Forgn Sm Co – 6 + 6+122 18.62 –.11 A Glbl Opport – 6 + 3+144 22.10 –.18 C+Glbl Sm Co – 7 + 5+119 7.72 –.02 D GlbLngShrt – 7 + 3 +44 13.18 –.06 C Glob Bond + 6 + 2 +48 11.90 +.06 C–Growth – 8 + 3 +77 22.16 –.22 Income – 3 + 3 .. 2.96 .. B World – 7 + 4 +95 17.49 –.19 Frank/Tmp TpAd $ 11.0 bil 800–292–9293 A+ChinaWrld – 8 + 3 .. 40.64n –.41 A+Devlp Mkts – 8 + 4+241 28.13n –.11 Flx Cap Gr – 4 + 8 .. 46.65 –.20 A–Foreign – 7 + 6+111 11.64n –.14 C Glob Bond + 6 + 2 +49 11.88n +.07 C Growth – 8 + 3 +78 22.20n –.22 Frank/Tmp TpB/C $ 8.0 bil 800–632–2301 BRIC – 8 + 2 .. 17.18 –.07 A+ChinaWrldC – 8 + 2 .. 39.90 –.41 A+Devlp Mkts C – 8 + 3+229 27.37 –.10 A–Foreign C – 7 + 5+105 11.44 –.14 C–Global Bd C + 6 + 2 +46 11.92 +.06 D+Growth B – 8 + 3 +72 21.68n –.22 D+Growth C – 8 + 3 +72 21.53 –.21 Income – 4 + 3 .. 2.95 –.01 B+MutualDiscR – 4 + 4+112 30.66n –.10 B World C – 7 + 4 +88 16.93 –.18 Franklin Temp $ 1.3 bil 800–292–9293 D Hard Curncy + 5 + 3 +30 9.95 +.06 C Mod Trgt A – 1 + 3 +56 14.11 –.03 Frontegra $ 1.6 bil 888–825–2100 D ColumbsCrPl + 3 + 4 +20 31.86n –.01 A–Iron Sm Cap 0 + 8 +93 17.69n –.04 B Iron SMID – 1 + 8 .. 11.68 –.02 A–NewStarIntl – 4 + 7 .. 14.11 –.10 FundX Upgrader $ 1.3 bil 866–455–3863 A–FundX Up p .. ..+109 39.82n .. A FundXAggr p .. ..+130 46.26n ..

—G—H—I— Gabelli A $ 911 mil 800–422–3554 B–Utilities – 4 + 3 .. 8.48 .. D Value – 8 – 2 +53 15.45 –.05 Gabelli AAA $ 5.2 bil 800–422–3554 C–ABC Fund + 1 + 1 +23 9.90n .. B Asset – 5 + 2 +92 47.33n –.21 B–Equity Inc – 4 + 2 +76 21.16n –.09 B Sm Cap Gr – 4 + 2+100 30.49n –.03 Gabelli C $ 295 mil 800–422–3554 C+Utilities – 4 + 2 .. 8.02 .. Gamco AAA $ 2.2 bil 800–422–3554 A–Glb Telecom –10 – 2+123 23.66n –.05 A+Gold + 7 + 1+226 30.28n –.16 B Growth – 4 + 8 +74 34.67n –.17 B+WestwoodEq – 3 + 5 +88 10.60n –.06 Gateway Funds $ 3.8 bil 800–354–6339 D+Gateway A + 1 + 4 +39 28.66 –.09 GE Elfun S&S $ 11.6 bil 800–242–0134 C+Diversified – 3 + 4 +48 19.30n –.12 E Income + 1 0 +10 11.04n +.01 E Income + 1 0 11.10n .. A+Intl Equity – 2 + 8+177 27.79n –.35 C S&S Program – 4 + 4 +50 42.99n –.28 E Tax Exempt + 1 0 +11 11.49n +.03 D Trusts – 4 + 2 +36 46.99n –.34 GE Funds A $ 1.1 bil 800–242–0134 D PremrGrEq – 2 + 3 +40 23.34 –.20 C–US Equity – 4 + 4 +47 26.02 –.17 GE Instl Funds $ 5.0 bil 800–242–0134 E Income + 1 0 +10 9.39n .. A+Intl Equity – 2 + 8+176 18.31n –.23 D Prem Gr Inv – 2 + 4 +46 10.73n –.09 C+SmValEqInv – 1 + 6 +74 13.97n +.02 B–Stratgc Inv – 2 + 4 +54 12.33n –.07 C US Equity Inv – 4 + 4 +52 12.26n –.08 Glenmede Funds $ 1.8 bil 800–442–8299 D–CoreFxdInc + 3 + 1 +12 10.88n +.01 A+Intl Equity – 3 + 10+161 17.75 –.19 A–Phil Intl – 3 + 10+116 18.12 –.19 C–Sml Eq Adv – 7 + 2 +61 14.59n +.04 GMO Trust II $ 1.4 bil 617–330–7500 A–Foreign – 5 + 6+133 17.22n –.13 A–Intl Intrn Val – 4 + 7+133 31.10n –.24 GMO Trust III $ 20.3 bil 617–330–7500 DevWorldStk – 3 + 6 .. 23.01n –.14 A+Emerg Cntry – 4 + 5+282 15.75n –.02 B Emerg Ctry Dt – 2 + 1 +61 10.06n .. A+Emerg Mkts – 5 + 5+296 20.97 –.03 A+EmrgMktOpps – 1 + 7+298 14.11n +.01 A–Foreign – 5 + 6+131 17.30n –.13 A Foreign Sml – 1 + 9+160 15.43n –.06 E Glob Bond + 5 + 3 +25 8.69 +.09 E Intl Bond + 6 + 4 +24 9.53n +.12 Intl Cor Eq – 2 + 8 .. 39.50n –.31 Intl Gro Eq – 3 + 7 .. 29.01n –.18 A–Intl Intrn Val – 4 + 7+134 31.41n –.23 A Intl Sm Cos – 2 + 8+131 9.72n –.04 StratFixInc – 3 – 3 .. 23.01 +.02 A TxMg Intl Eq – 3 + 8+155 19.82n –.15 US Core Eq – 7 + 2 .. 12.34n –.08 D–US Qual Eq – 7 0 .. 20.64 –.08 GMO Trust IV $ 18.9 bil 617–330–7500 CorePlusBd – 1 + 1 .. 9.45 +.01 DevWorldStk – 3 + 6 .. 23.04n –.13 B Emerg Ctry Dt – 2 + 1 +58 10.06n .. A+Emerg Mkts – 5 + 5+312 20.90n –.02 A Foreign – 5 + 6+132 17.31n –.12 A+ForgnSmlCo – 1 + 9+164 15.44n –.06 Intl Core Eq – 2 + 8 .. 39.49n –.31 Intl Gro Eq – 3 + 7 .. 29.04 –.17 A–Intl Intrn Val – 4 + 7+137 31.39n –.24 US Core Eq – 7 + 2 .. 12.32n –.07 D–US Qual Eq – 7 0 .. 20.65 –.09 GMO Trust V $ 1.8 bil 617–330–7500 A+Emerg Mkts – 5 + 5 .. 20.89n –.02 US Qual Eq – 7 0 .. 20.64 –.09 GMO Trust VI $ 23.0 bil 617–330–7500 Domestic Bd – 1 – 1 .. 9.18 +.01 A+Emerg Mkts – 5 + 5 .. 20.91n –.03 EmrgMktOpps – 1 + 7 .. 14.15 +.01 Intl Core Eq – 2 + 8 .. 39.48 –.31 StratFixInc – 3 – 3 .. 23.00 +.03 US Core Eq – 7 + 2 .. 12.32n –.07 US Qual Eq – 7 0 .. 20.64n –.09 GoldmnSachs A $ 25.6 bil 800–762–5035 D+BalStrat 0 + 3 +44 10.98 –.03 C–Capital Gr – 3 + 9 +47 23.37 –.06 B+ConcIntlEq – 6 + 7+106 23.21 –.20 E Core Fxd Inc – 2 – 2 +10 9.64 –.01 A+Emerg Mkts – 2 + 5+303 25.26 –.10 B+Eq Gr Strat – 4 + 5+108 15.03 –.10 E Global Inc 0 –1 12.96 +.02 E Govt Income + 2 0 +13 15.05 –.01 C+Gr&Inc Strat – 2 + 4 +67 12.54 –.05 C Growth & Inc – 1 + 6 +73 25.79 –.12 B+Growth Opp – 1 + 9 +83 22.40 +.01 B–Growth Strat – 3 + 5 +88 13.88 –.08 E Hi Yld Muni – 3 – 3 +10 9.73 –.01 D High Yield 0 + 6 +32 7.45 –.01 C+Lrg Val – 1 + 6 +76 13.70 –.08 B–Mid Cap Val 0 + 6 +97 35.50 –.04 E Muni Income 0 0 +10 14.85 +.04 B Real Est Secs + 5 + 11+118 16.19 –.15 D–Sh Dur Govt + 3 0 +11 10.07 .. D Sm Val + 1 + 7 +64 34.47 +.05 D–Struc Lg Gr – 7 + 3 +46 13.34 –.04 D Struc LgVal – 5 + 2 +67 12.46 –.08 E Struc Sm Eq – 6 + 4 +38 10.81 +.03 D–Struc US Eq – 6 + 2 +55 27.18 –.13 A StrucIntlEq – 5 + 7+139 13.69 –.14 D StrucTaxMgd – 6 + 3 +70 10.86 –.04 A–Tollkeeper – 9 + 7 +91 10.45 +.05 GoldmnSachs B $ 1.3 bil 800–762–5035 D Capital Gr – 3 + 9 +42 21.26n –.05 C+Gr Strat – 3 + 4 +83 13.84n –.07 GoldmnSachs C

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

$ 2.3 bil 800–762–5035 B Eq Gr Strat – 4 + 5+101 14.42n –.09 C+Gr Strat – 4 + 4 +83 13.72n –.08 C–Gr&Inc Strat – 2 + 3 +63 12.47n –.04 GoldmnSachs In $ 21.0 bil 800–762–5035 C Capital Gr – 3 + 9 +50 24.24n –.06 E Core Fixed Inc – 2 – 2 +11 9.67n –.02 A+Emerg Mkts – 2 + 5+310 26.54n –.11 E Enhanced Inc + 1 0 9.63n –.01 E Global Inc 0 – 1 12.95n +.03 B+Growth Opp – 1 + 9 +87 23.40n +.01 D High Yield 0 + 6 +34 7.46n –.01 E High Yld Muni – 3 – 3 +12 9.73n –.01 B Mid Cap Val + 1 + 6+100 35.84n –.03 E Muni Income 0 0 +11 14.85n +.04 B+Real Est Secs + 6 + 11+121 16.32n –.15 D–Sh Dur Govt + 3 + 1 +12 10.04n .. E Sh Dur Tax Fr + 2 0 10.23n +.01 D Sm Val + 1 + 7 +68 36.13n +.05 D–Struc Lg Gr – 7 + 3 +49 13.74n –.04 D Struc LgVal – 5 + 2 +68 12.46n –.08 E Struc Sm Eq – 6 + 4 +40 11.23n +.03 D Struc US Eq – 6 + 2 +57 27.85n –.13 A StrucIntlEq – 5 + 7+143 14.04n –.15 E UltShDurGv 0 –1 9.16n –.01 C † Greenspring – 1 + 2 +55 23.30n –.04 GuideStone G2 $ 2.0 bil 800–262–0511 Cap Opp I – 4 + 3 .. 12.08n –.06 GlobEquityI – 5 + 4 .. 13.33n –.08 GrwthEquity – 6 + 6 .. 11.94 –.07 GrwthIncome – 2 + 2 .. 10.87n –.03 Intl Equity – 4 + 7 .. 14.09n –.10 ValueEquity – 5 + 2 .. 8.62n –.06 GuideStone G4 $ 10.2 bil 800–262–0511 Cap Opp – 4 + 3 .. 14.80n –.06 EquityIndex – 5 + 3 .. 18.16n –.12 Ext–DurBond + 1 + 2 .. 15.03n +.04 FlexIncome – 1 0 .. 12.94n –.02 GlobEquity – 5 + 4 .. 15.45n –.08 GrwthEquity – 6 + 6 .. 18.91n –.11 GrwthIncome – 2 + 2 .. 13.87n –.03 Intl Equity – 4 + 7 .. 17.66n –.12 LowDurBond + 1 – 1 .. 12.83n .. MedDurBond + 2 0 .. 13.56n .. SmallCapEq – 6 + 4 .. 13.47n +.03 ValueEquity – 5 + 2 .. 16.13n –.10 Guinness Atkinson $ 401 mil 800–915–6566 A+China&HK – 9 0+310 39.06 –.37 Hansberger $ 1.2 bil 800–414–6927 A+Emrg Mkt – 1 + 7+205 5.42n –.02 A Intl Val 0 + 8+150 11.81n –.08 A IntlGrowthI – 3 + 8 .. 19.79n –.12 Harbor Funds $ 42.2 bil 800–422–1050 D–Bond Instl + 4 + 2 +19 12.25n .. C+CapAppr Ins – 5 + 5 +65 35.34n –.16 C+CapAppr Inv – 5 + 5 +62 34.96n –.17 C+CapApprAdm – 5 + 5 +64 35.18n –.16 A+Intl Admin 0 + 12+204 71.09n –.50 A+Intl Gr I – 5 + 7+148 15.44n –.06 A+Intl Instl 0 + 12+206 71.50n –.51 A+Intl Inv 0 + 12+202 70.78n –.50 A Mid Gr Instl – 7 + 3+110 8.66n –.02 C–Sml Gr Inst – 4 + 8 +67 11.96n +.02 D SmVal Instl – 1 + 7+107 19.66n –.05 Harding Lvnr $ 2.8 bil 800–762–4848 A+Emerg Mkts – 2 + 6+354 56.31n –.34 A Intl Equity + 1 + 10+134 19.31 –.15 Hartford A $ 29.3 bil 888–843–7824 D Advisers b – 3 + 3 +34 15.25 –.06 C Balanc All b – 2 + 3 .. 11.57 –.04 A Cap Apprec b – 2 + 7+128 39.51 –.37 CapAppr II b – 6 + 3 .. 13.87 –.08 Checks&Bal b – 1 + 4 .. 10.03 –.06 B Div & Gr b – 3 + 3 +74 20.30 –.17 C+Eqty Inc b – 5 + 3 .. 13.44 –.09 Float Rate x – 2 + 5 ..x 9.15 –.01 B+Global Grow b – 8 + 5 +92 19.52 –.11 D+Global Hlth b – 9 – 3 +60 15.61 –.06 A Grow Oppor b – 8 + 3+113 29.65 –.07 C–Growth b – 5 + 7 +56 17.90 –.09 B–Growth All b – 3 + 4 .. 12.34 –.05 D–Infl Plus x + 5 + 2 +22x 11.32 +.05 A+Intl Opport b – 5 + 6+150 17.14 –.13 A–IntlGrowth b –12 + 2+123 13.72 –.13 A–Mid Cap b – 1 + 9 +95 21.33 .. C–Mid Cap Val b – 9 – 3 +70 10.06 +.01 A–Small Co b – 8 + 3+110 18.95 +.04 C–Stock b – 6 + 3 +53 21.61 –.12 E TotlRetnBd x + 2 + 1 x 10.47 .. Hartford B $ 3.8 bil 888–843–7824 D Advisers m – 4 + 2 +31 15.08n –.06 A–Cap Apprec m – 3 + 7+115 35.16n –.33 C+Div & Gr m – 4 + 3 +69 19.96n –.17 A–Mid Cap m – 1 + 9 +87 18.86n .. Hartford C $ 8.7 bil 888–843–7824 C–Balanc All m – 2 + 3 .. 11.53 –.04 Cap Apprec m – 6 + 2 .. 13.55 –.08 A–Cap Apprec m – 3 + 7+120 35.38 –.34 B–Div & Gr m – 3 + 3 +70 19.92 –.17 Float Rate x – 2 + 5 ..x 9.15 .. A Grow Oppor m – 9 + 2+104 24.31n –.06 C+Growth All m – 3 + 4 .. 12.24 –.05 E Infl Plus x + 5 + 2 +19x11.29n +.05 A–Mid Cap m – 1 + 9 +88 19.03 .. Hartford HLS IA $ 43.8 bil 888–843–7824 D+Advisers – 3 + 3 +32 20.34n –.07 A Cap Apprec – 2 + 7+127 51.35n –.46 D Discp Eq – 7 + 1 +58 13.98n –.03 B Div & Gr – 3 + 4 +77 21.66n –.19 C+Eqty Inc – 5 + 3 .. 13.64 –.10 B–Glob Advsrs – 3 + 3 +57 13.18n –.03 A–Global Grow – 8 + 5 +97 20.72n –.12 C Global Hlth – 9 – 3 +59 14.02n –.06 C Growth – 5 + 7 +57 12.66n –.07 A Grwth Opps – 9 + 3+115 29.92n –.08 D High Yield 0 + 4 +21 8.91n –.02 C–Index – 5 + 3 +53 30.01n –.20 A+Intl Opport – 5 + 6+150 14.91n –.11 A Intl Sml Co – 2 + 8+133 14.81n –.09 A IntlGrowth –12 + 2+124 12.79n –.13 A–Mid Cap 0 + 10+103 26.27n –.01 C–Mid Cap Val – 9 – 3 +76 11.22n .. E Mort Secs – 1 – 1 10.47n –.01 A Small Co – 8 + 3+115 17.16n +.04 D–Sml Cap Gr – 5 + 4 +76 17.72n +.07 C Stock – 6 + 3 +48 44.50n –.26 E TotlRetnBd + 1 + 1 +12 11.28n .. E US Gov Sec + 1 – 1 11.24n +.02 B Value – 3 + 4 +82 12.39n –.09 D–Value Opps – 8 – 3 +62 14.12n –.09 Hartford HLS IB $ 10.2 bil 888–843–7824 D+Advisers – 3 + 3 +31 20.52n –.07 A Cap Apprec – 2 + 7+125 50.87n –.46 D Discp Eq – 7 + 1 +56 13.89n –.04 B Div & Gr – 3 + 3 +75 21.57n –.19 A–Global Grow – 8 + 5 +96 20.56n –.12 A Grow Oppor – 9 + 3+113 29.58n –.07 D High Yield 0 + 4 +20 8.82n –.02 D+Index – 5 + 3 +52 29.85n –.20 A+Intl Opport – 5 + 6+149 15.05n –.11 A–IntlGrowth –12 + 2+122 12.69n –.13 A–Mid Cap 0 + 9+101 25.99n .. C–Mid Cap Val – 9 – 3 +74 11.18n +.01 A–Small Co – 8 + 3+113 16.77n +.04 D–Sml Cap Gr – 5 + 4 +75 17.66n +.07 C Stock – 6 + 3 +47 44.35n –.26 E TotlRetnBd + 1 + 1 +11 11.22n +.01 E US Gov Sec + 1 – 1 11.18n +.02 Hartford L $ 1.0 bil 888–843–7824 C Growth b – 5 + 7 +59 18.24 –.09 A Grwth Opps b – 8 + 3+116 30.27 –.08 Hartford Y $ 5.5 bil 888–843–7824 A Cap Apprec – 2 + 7+134 42.55n –.40 CapApprecI – 2 + 7 .. 39.41n –.37 B Div & Growth – 3 + 4 +76 20.58n –.17 Float RateI x – 1 + 5 ..x 9.15n –.01 C–Global Hlth – 9 – 3 +64 16.44n –.07 E Income x + 1 + 1 ..x 9.88n .. D–Infl Plus x + 5 + 2 ..x11.35n +.05 A–Mid Cap 0 + 9+101 23.05n .. A–Small Co – 8 + 3+116 20.35n +.04 E TotlRetnBd x + 2 + 1 +11x10.59n .. B Value – 3 + 4 +80 12.37n –.09 Heartland Funds $ 2.1 bil 800–432–7856 B SelValInv 0 + 7+103 26.61n +.04 B+ValPlusInv + 9 + 14+107 24.95n +.12 C+ValueInv – 2 + 7 +92 40.61n +.24 Henderson Glb Fds $ 5.0 bil 888–832–6774 A+Euro Foc A b – 1 + 8+226 33.05 –.22 A+Euro Foc C b – 1 + 7+215 31.48 –.21 A Intl Opp A – 5 + 7+170 24.61 –.14 A Intl Opp C – 5 + 7+160 23.39 –.14 Hennessy Funds $ 972 mil 800–966–4354 E CorGrOrig –13 + 2 +53 13.50n .. Heritage Funds $ 2.7 bil 800–421–4184 B Cap Appr A – 3 + 8 +62 29.05 +.03 B MidCapStkA – 5 + 3 +76 26.72 –.05 B MidCapStkC – 5 + 3 +69 23.90n –.05 B–SmCapStk A – 6 + 5 +83 31.08 +.13 HighMark Funds $ 2.3 bil 800–433–6884 E Bond Fid + 2 + 1 +13 10.74n +.01 IntlOpp M – 5 + 7 .. 9.38n –.07 C–LgCpValFd – 5 + 2 +78 13.07n –.05 C+Val Mmnt Fi – 3 + 3 +64 19.56n –.13 Hirtle Callaghan

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

$ 4.5 bil 800–981–8917 C Growth Eq – 5 + 4 +59 12.70n –.05 A Intl Equity – 4 + 7+129 13.65n –.10 B+SmCapEqty – 4 + 5 +92 13.09n –.02 B–Value Equity – 5 + 3 +70 14.81n –.09 Hodges Fund $ 622 mil 866–811–0224 A Hodges Fund – 1 + 7+189 27.15n –.15 Homestead $ 1.0 bil 800–258–3030 E Sh Term Bond 0 –1 5.06n .. C–Value – 6 + 2 +73 33.44n –.12 Hotchkis & Wiley $ 7.8 bil 866–493–8637 E Core Val A – 7 – 2 .. 11.07n –.04 E Core Val I – 7 – 2 .. 11.08 –.05 E LgCapVal A – 7 – 1 +67 18.98 –.10 E LgCapVal I – 6 – 1 +69 19.08 –.10 E MidCapVal A – 2 + 4 +79 20.01 –.04 E MidCapVal I – 2 + 4 +81 20.15 –.03 E SmCapVal I + 3 + 9 +69 34.11 –.12 HSBC Investor $ 570 mil 800–782–8183 A Intl Equity – 3 + 9+141 19.88n –.22 Huntington $ 1.3 bil 800–253–0412 E Fixed Inc Tr + 2 + 1 +12 21.35n +.02 D+Growth Tr – 5 + 6 +41 33.34n –.17 A+Intl Eq Tr – 2 + 7+156 14.74n –.09 Hussman Funds $ 3.5 bil 800–487–7626 E Strat Gr – 1 – 1 +37 15.37n +.07 B–StraTotRet + 4 0 +42 11.94n –.01 ICAP Funds $ 3.5 bil 888–221–4227 B MainstayEqI – 4 + 3 +66 39.54n –.24 A MainstyIntI – 3 + 7+157 37.02n –.21 B MnstySelEqI – 4 + 4 +93 37.08n –.21 B † ICM SmCo – 2 + 7 +86 32.42n –.01 ICON Funds $ 2.9 bil 800–764–0442 A+Energy + 4 + 18+282 34.90n –.13 E Financial –15 – 5 +45 10.46n –.06 E Healthcare –17 – 11 +39 13.49n –.02 A+Intl Eq I – 9 + 5 .. 15.82n –.07 D+LongShrt I – 8 + 3 +85 16.82n –.06 ING Fds A $ 7.9 bil 800–992–0180 B+Corp Ldrs 0 + 7 +96 22.92n –.14 A Foreign – 5 + 6 .. 20.15 –.06 A–GlbRealEst + 1 + 7+150 20.55 –.27 D–GNMA Inc + 3 + 1 +11 8.49 –.01 C Grow&Inc – 6 + 5 +69 12.52 –.07 E Intermd Bd 0 – 2 +10 10.12 +.01 A Intl Sml Cp – 2 + 8+182 47.43 –.32 A–Intl Value – 6 + 5+144 17.52 –.21 A+Russia + 3 + 15+423 71.81 +.66 ING Fds B $ 1.1 bil 800–992–0180 A–Intl Value – 6 + 5+139 17.18n –.21 ING Fds C $ 1.3 bil 800–992–0180 A Foreign – 5 + 5 .. 19.41 –.06 A–Intl Value – 6 + 5+139 17.04n –.20 ING Fds T,M,Q&I $ 2.3 bil 800–992–0180 E IntermdBd I 0 – 1 .. 10.13 +.01 A–Intl Val I – 6 + 5+146 17.53n –.22 ING Partners $ 2.3 bil 800–992–0180 C–DavisVal S – 3 + 4 +67 19.78n –.12 A–JPMrgIntlI .. .. no quote D+LM AggrGr I – 2 + 3 +56 47.25n –.22 B–PriceGrEq I – 6 + 5 +65 58.35n –.18 D UBSLrgEq I – 4 + 3 +61 10.18n –.05 Ivy Funds $ 26.8 bil 800–777–6472 A+AssetStr A – 1 0+154 27.45 –.16 A+AssetStr B – 1 0+145 26.93n –.15 A+AssetStr C – 1 0+146 27.01n –.15 A+AssetStr Y – 1 0+154 27.47n –.16 B–CapAppr A – 7 + 6 +74 10.46 –.05 D CndlGlobVal – 4 + 1 +89 13.48 –.20 A–Euro Opp A – 5 + 8+212 36.77 –.27 A+GlbNatResA + 6 + 14+332 41.36 –.15 A+GlbNatResB + 6 + 14+317 38.75n –.14 A+GlbNatResC + 6 + 14+318 37.87n –.13 A+GlbNatResY + 6 + 14 .. 41.47n –.15 B Intl Bal A – 2 + 6 .. 16.80 –.06 A+IntlCoreEqA – 3 + 7+157 17.90 –.14 A–LrgCapGr A – 7 + 5 +79 13.83 –.07 E MortgSecs A – 5 – 4 .. 9.65 .. A+PacificOppA –14 – 2+260 18.71 –.10 B–Real Est A + 6 + 11 .. 20.34 –.16 A Sci & Tech A – 3 + 5+120 29.50 –.01 D SmlCapGr C – 8 + 6 +56 10.09n +.02

—J—K—L— J Hancock 1 $ 24.5 bil 800–225–5291 LifestylAgg – 5 + 5 .. 14.46n –.07 LifestylBal – 2 + 4 .. 14.12n –.05 LifestylGr – 3 + 4 .. 14.49n –.06 LifestylMod – 1 + 3 .. 13.35n –.02 LSConserv + 1 + 2 .. 13.33n –.01 J Hancock A $ 12.9 bil 800–225–5291 A Balanced + 3 + 6 +83 16.07 –.08 E Bond 0 + 1 +11 14.52 .. E CA Tax Fr 0 0 +10 10.49 +.03 E ClassicVal – 7 – 1 +48 19.93 –.12 D–Finl Industr –12 – 3 +36 13.15 –.15 D–Govt Income + 3 + 1 9.23 .. D–High Yield – 8 – 5 +30 4.61 –.02 A+Lrg Cap Eq +11 + 12+149 31.65 –.31 E Regionl Bnk – 6 – 5 +10 19.89 –.09 E Sml Cap Eq –17 – 3 +55 18.86 +.04 C–Sov Invstrs – 4 + 3 +42 17.51 –.09 D–Strat Inc + 2 + 3 +19 6.48 .. E Tax Fr Bond + 1 0 +12 9.93 +.03 E US Glb LdGr – 6 0 +28 27.19 –.13 J Hancock B $ 1.5 bil 800–225–5291 E Strategic Inc + 2 + 2 +17 6.48n .. J Hancock C $ 894 mil 800–225–5291 E High Yield – 9 – 5 +27 4.61 –.02 A+Lrg Cap Eq +11 + 11+140 29.35 –.29 E Strat Inc 0 + 1 0 6.48 .. C–† JamGolBalA + 1 + 3 +60 18.50 .. Janus $ 78.9 bil 800–525–8983 B–Balanced + 1 + 4 +52 25.58n –.03 B–Balanced + 1 + 4 +48 26.36n –.03 A+Contrarian – 6 – 4+187 18.36n –.13 A Enterprise 0 + 8+135 57.67n –.24 D–Flex Bond + 2 + 1 +15 9.69n .. B Fundment Eq – 6 + 3 +76 24.86n –.10 A+GlbResearch – 2 + 7 .. 15.30n –.09 A–Global Tech – 7 + 9 +89 14.55n –.04 C GlobLifeSci – 7 – 3 +75 22.36n –.09 C+Growth & Inc – 5 + 4 +60 34.70n –.15 D–High Yield 0 + 4 +21 9.03n –.01 D+IntecRiskStk – 6 + 3 +68 14.31n –.07 B–Janus – 5 + 4 +59 30.65n –.08 B+Mid Val Inst + 1 + 4+103 22.90n –.07 B+Mid Val Inv + 1 + 4 +98 22.74n –.07 A+Orion – 1 + 8+184 12.93n –.08 A+Overseas + 2 + 7+308 54.74n –.37 A–Research – 4 + 5 +92 29.87n –.10 E Short Term Bd + 1 0 2.89n .. C+Sml Val Inst – 2 + 3 +69 22.12n –.02 C Sml Val Inv – 2 + 3 +68 21.84n –.02 A+Twenty + 6 + 16+153 78.40n –.23 B–Venture –18 – 4 +98 47.55n –.06 B–World Wide – 7 0 +68 51.11n –.37 Janus Adv A $ 1.2 bil 800–525–3713 A+Forty + 4 + 13 .. 43.51 –.11 Janus Adv I $ 286 mil 800–525–3713 Long/Short – 4 – 6 .. 12.36 –.09 Janus Adv S $ 5.7 bil 800–525–3713 A+Forty + 4 + 13+138 43.18n –.11 A+Intl Growth + 4 + 8+306 66.84n –.43 Janus Aspn Inst $ 5.2 bil 800–504–4440 B Balanced + 1 + 4 +53 30.45n –.04 D–Flexible Bd + 3 + 1 +14 11.78n +.01 A+Forty + 4 + 14+138 42.88n –.09 A+Intl Growth + 1 + 7+306 65.76n –.46 B–Lrg Cp Grow – 5 + 4 +59 25.09n –.07 A Mid Cap Gr 0 + 9+138 40.02n –.17 B–WorldwideGr – 7 0 +67 33.00n –.24 C–† Japan – 1 + 9+124 12.18n –.26 Jennison Dryden A $ 17.1 bil 800–225–1852 A 20/20 Focus + 2 + 12+113 15.99 –.06 D ActvAlloc A – 3 + 2 +45 12.59 –.04 B+Blend A – 3 + 7 +82 18.33 –.09 E CA Income 0 0 +10 10.46 +.04 C+Equity Opp – 3 + 4 +62 13.65 –.03 A–GlobRealEst 0 + 7+166 22.55 –.26 E Govt Inc + 1 +1 8.88 .. C Growth – 5 + 5 +61 17.28 –.08 B+Health Sci – 9 – 2+119 19.65 .. D HighYield + 1 + 5 +27 5.43 –.01 A–Intl Eqty – 5 + 8+143 8.72 –.07 A Mid Cap Gr 0 + 8+127 25.45 –.03 E Muni Hi Inc – 1 – 1 +13 9.84 +.02 E Natl Muni 0 0 14.59 +.04 A+NaturlRsrc +12 + 15+377 67.00 –.37 B+Small Co – 3 + 6+113 20.47 +.01 E Tot Ret Bd + 1 + 2 +13 12.58 +.01 A+Utility – 2 + 5+186 13.82 –.02 B Value – 3 + 4 +84 17.62 –.08 Jennison Dryden B $ 2.0 bil A+NaturlRsrc +11 + 15+359 57.51n –.32 A+Utility – 2 + 5+179 13.79n –.02 Jennison Dryden C $ 1.5 bil A–20/20 Focus + 2 + 11+105 14.65 –.06

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

INVESTORS.COM

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

A+Utility – 2 + 5+179 13.78 –.02 Jennison Dryden Z&I $ 4.3 bil 800–225–1852 A 20/20 Foc Z + 2 + 12+116 16.40n –.07 C+Growth Z – 5 + 5 +63 17.85n –.08 B+Hlth Sci Z – 8 – 2+122 20.29n .. A Mid Cap Gr 0 + 8+130 26.22n –.02 B+Small Co Z – 3 + 6+116 21.31n +.01 C–Stock Idx I – 5 + 3 +59 30.97n –.20 C–Stock Idx Z – 5 + 3 +59 30.97n –.20 D–† JensenPtfI – 6 + 1 .. 26.62n –.06 D–† JensenPtfJ – 6 + 1 +37 26.62n –.07 JP Morgan A $ 14.0 bil 800–480–4111 B+Cap Growth – 5 + 6 +89 39.99 –.16 E Core Bond + 2 0 +12 10.85 +.02 B+Divr Mid Gr – 5 + 6 +74 21.11 –.08 D+Equity Idx – 5 + 3 +58 31.60 –.20 E Govt Bond + 3 + 1 +13 10.44 +.02 D Growth & Inc – 5 + 2 +54 30.37 –.13 HighStatMk + 6 + 3 .. 15.86 +.01 A+Intrep Euro – 5 + 9+154 26.86 –.23 C+IntrepdVal – 5 + 2 .. 25.53 –.14 C+IntrepidMid – 4 + 4 +67 14.83 .. D–Inv Csrv Gr 0 + 1 +24 10.84 –.01 C–Inv Gr&Inc – 2 + 3 +52 13.70 –.04 C+Inv Growth – 3 + 4 +66 15.05 –.06 D Invstr Bal – 1 + 2 +40 12.36 –.02 B Lg Cap Gr – 5 + 9 +63 20.19 –.13 C–Mid Cap Val – 4 + 2 +77 23.29 –.06 B Small Cap Eq – 3 + 5+107 27.96 .. B+USRlEst + 9 + 12+128 18.57 –.17 JP Morgan B $ 3.0 bil 800–480–4111 D–Inv Csrv Gr 0 + 1 +22 10.85n –.01 D+Inv Gr&Inc – 2 + 3 +49 13.63n –.04 C–Inv Growth – 3 + 4 +61 14.82n –.07 D Invstr Bal – 1 + 2 +36 12.33n –.03 D+Mid Cap Val – 4 + 2 +73 22.75n –.07 JP Morgan C $ 2.4 bil 800–480–4111 D+Mid Cap Val – 4 + 2 +73 22.81n –.06 C+ValAdvntg – 3 0 .. 17.60 –.04 JP Morgan Instl $ 7.5 bil 800–480–4111 A+AsiaEq –11 – 3+227 36.44n –.47 E Bond – 3 –3 8.44n .. C–Diversified – 2 + 3 +49 14.00n –.04 A Intl Value – 5 + 8+181 17.58n –.11 E IntmTxFrBd + 1 0 10.64n +.03 A–IntrepidInt – 6 + 7+134 23.82n –.19 C Mid Cap Val – 3 + 2 +81 23.69n –.07 E Sh Term Bond – 2 – 3 8.89n +.01 SmrtRet2020 – 2 + 3 .. 15.66 –.05 D+TxAwr Disc Eq – 5 + 3 +60 18.65n –.13 TxAwrRealRt + 2 + 1 .. 10.13n +.05 B–US Equity – 4 + 4 +63 10.32n –.07 D Value Opps – 6 + 1 .. 16.17 –.13 JP Morgan R5 $ 782 mil 800–480–4111 CoreBond + 2 0 .. 10.84n +.02 JP Morgan Selct $ 44.2 bil 800–480–4111 A+AsiaEq –11 – 3+225 36.33n –.47 E Bond – 3 – 3 0 8.44n –.01 B+Cap Growth – 4 + 6 +93 43.02n –.18 E Core Bond + 2 0 +13 10.85n +.02 E CorePlusBd + 1 0 +12 7.74n +.01 B+Divr Mid Gr – 5 + 6 +77 22.36n –.10 B–EmrgMktsDbt 0 – 1 +46 8.21n .. A+EmrgMktsEq – 4 + 5+361 24.46n –.16 C–EquityIndex – 5 + 3 +59 31.60n –.21 D–Govt Bond + 3 + 1 +14 10.44n +.02 Gr Advantg r – 6 + 6 .. 8.55 –.04 D High Yield 0 + 4 +30 7.78n –.01 HighStatMk + 6 + 3 .. 15.91n +.01 E Intermd Bd + 2 0 +12 10.53n +.02 A Intl Eq Idx – 4 + 8+159 28.35n –.22 A Intl Value – 6 + 8+179 17.50n –.12 A–IntlEq – 2 + 8+115 31.22n –.25 E IntmTxFrBd + 1 0 10.64n +.02 C Intrepid Gr – 6 + 5 +62 23.02n –.11 IntrepidInt – 6 + 6 .. 23.76n –.20 C+IntrepidMid – 4 + 4 +69 15.30n .. C–Intrpd Amer – 5 + 3 +76 25.99n –.10 B+Lg Cap Gr – 4 + 9 +65 20.01n –.12 D Lg Cap Val – 6 + 1 +50 11.89n –.10 E MI Muni Bd + 1 0 10.59n +.03 C–Mid Cap Val – 4 + 2 +79 23.52n –.07 B–Mkt Exp Idx – 1 + 6 +87 10.64n +.01 E Mult MktNtr + 1 – 1 .. 10.20n +.02 E Muni Inc + 1 –1 9.67n +.02 E NYTaxFrBond + 2 0 7.08n +.02 E Sh Dur Bd + 2 0 +10 10.73n +.01 E Sh Term Bd – 2 – 3 0 8.89n +.01 E Sh Tr Muni + 1 0 10.27n +.01 B Small Grow –12 0 +80 9.70n –.03 B SmallCapEq – 3 + 5+112 30.25n –.01 C–Sml Cap Val 0 + 3 +76 19.26n –.01 E Tax Fr Bond + 1 0 12.42n +.03 E TreasAgency + 2 0 9.95n +.01 D TrSmlEqCore – 2 + 5 +62 37.62n +.09 TxAwrRealRt + 2 + 1 .. 10.12n +.05 E TxAwrShIntm + 1 0 9.78n +.02 E UltShDurBd – 2 –2 9.04n –.01 B–US Equity – 4 + 4 +62 10.31n –.07 A–US Real Est +10 + 12 .. 18.59n –.16 USLgCorPls – 4 + 4 .. 20.01n –.13 JP Morgan Ultra $ 3.0 bil 800–480–4111 D–Core Bond + 2 0 .. 10.85n +.02 D–Mrtge Back + 2 0 .. 10.56 +.01 D–Sh Dur Bd + 2 0 .. 10.73n +.01 E UltShDurBd – 2 – 2 .. 9.04 –.01 Julius Baer $ 33.9 bil 800–387–6977 A+IntlEqty A – 5 + 5+165 41.49 –.18 A+IntlEqty I – 5 + 5+167 42.53 –.17 IntlEqtyIIA – 4 + 6 .. 16.43 –.06 IntlEqtyIII – 4 + 6 .. 16.53 –.06 D–Tot Retrn I + 2 + 2 .. 13.49n .. D–TotRetrn A + 2 + 2 +20 13.50n +.01 C † KalmrSmCp – 7 + 3 +73 14.21n –.03 Keeley Funds $ 6.0 bil 888–933–5391 A SmlCapValA + 6 + 14+178 28.85 –.08 Kensington $ 739 mil 800–253–2949 E SelectInc A + 7 +2 26.32 +.01 E Str Rlty A + 3 + 4 +49 35.41 –.06 Kinetics Funds $ 3.6 bil 800–930–3828 A Paradigm –10 + 1+155 27.85n –.14 Pardigm Ins –10 + 1 .. 27.85 –.14 A–SmCpOpport –15 – 3+140 27.01n –.18 Laudus Rosenberg $ 5.6 bil 800–447–3332 A–Intl Sm Instl + 1 + 11+177 17.95n –.12 A–Intl Sm Inv + 1 + 11+173 17.70n –.11 A IntlMktMsInv – 3 + 8+170 21.05n –.14 A IntlMktMsSel – 3 + 8 .. 21.08 –.14 C US Dscvry I – 2 + 6 +88 17.56n +.02 E US Sml Ins – 5 + 3 +43 9.50n +.02 D–US Sml Inv – 5 + 4 +56 9.15n +.02 E ValLgSh Ins – 2 – 1 10.36n +.04 Lazard Instl $ 6.5 bil 800–823–6300 A+Emerg Mkts – 1 + 5+357 23.62n –.20 A–Intl Equity – 7 + 5 +99 16.36n –.07 IntlStratEq – 6 + 8 .. 12.14n –.01 D Mid Cap – 3 + 3 +70 12.11n –.03 Lazard Open $ 1.7 bil 800–823–6300 A+Emerg Mkts – 1 + 5+355 23.88n –.20 Legg Mason $ 23.3 bil 800–822–5544 E Amer Ld Co –13 – 5 +39 19.93n –.18 A+Emerg Mkt – 3 + 6+357 27.24n –.14 D+GrowFinlInt –10 – 3 .. 30.04n –.44 C–Growth I –10 – 3 +66 30.44n –.44 D Growth Prim –11 – 3 +58 29.01n –.43 A Intl Equity – 5 + 6+143 18.26n –.11 E Inv Grd Inc 0 + 1 +10 9.89n +.02 D OpporFinInt –13 – 7 .. 15.10n –.05 D Opport Pri –13 – 7 +65 14.65n –.05 D+OpportInstl –13 – 7 .. 15.35n –.05 E SpecialInv –15 – 1 +38 27.60n –.05 E SpecInvs I –15 0 +45 35.47n –.07 E Value Fncl –16 – 7 +32 57.41n –.19 E Value Instl –16 – 7 +34 58.87n –.20 E Value Tr –17 – 7 +28 51.71n –.17 Legg Mason Partners $ 43.2 bil 800–451–2010 E Adj Inc A – 3 –2 8.83 –.01 D Agg Gr B – 5 + 2 +52 98.23n –.42 D+Aggr Gr I – 4 + 2 +62 117.68n –.49 D+AggressGr A – 4 + 2 +58 112.04 –.47 D Agress Gr C – 5 + 2 +53 99.41 –.42 E Alloc50% A .. .. no quote D–Alloc70% A .. .. no quote D Alloc85%A .. .. no quote C+Apprec A – 1 + 4 +56 15.11 –.08 C Apprec B – 1 + 4 +52 14.62n –.08 C Apprec C – 1 + 4 +53 14.69 –.09 B–Apprec I – 1 + 4 +57 15.08n –.08 E CA Muni A + 1 + 1 +10 16.44 +.04 C–Cap & Inc A – 3 + 4 +53 15.35 –.06 D+Cap & Inc B – 3 + 4 +50 15.13n –.06 D Capital A – 2 + 7 +65 24.49 –.17 D–Capital C – 2 + 7 +58 22.17 –.16 E CoreBondA – 1 – 1 +12 11.33 .. D Div Strat B – 4 + 2 +33 15.88n –.06 E Div StrInc A 0 +1 6.27 .. D DivStrat A – 4 + 2 +37 16.98 –.07 D+DivStrategy1 – 4 + 2 +39 17.46 –.07 Equity O – 4 + 4 .. 13.86 –.06 C–Fund Val A – 3 + 3 +63 14.72 –.06 D+Fund Val B – 3 + 3 +58 13.62n –.05 D+Fund Val C – 3 + 3 +58 13.64 –.06 D–GlbHghYdBdA 0 + 4 +22 7.68 –.01 E Govt Secs A + 1 +1 9.58 –.01 E High Inc A 0 + 5 +19 6.26 .. E High Inc C 0 + 5 +19 6.29 .. E IntTrmMuniA + 1 0 6.36 +.01

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

E IntTrmMuniC + 1 0 6.37n +.01 E Inv Grd BdA 0 +1 11.47 +.01 C–InvestValA – 5 + 2 +61 20.14 –.08 C InvestValI – 5 + 2 +63 20.10n –.09 D–Lg Gr A – 7 0 +44 23.38 –.14 D–Lg Gr B – 7 0 +38 21.60n –.13 D–Lg Gr C – 7 0 +38 21.60 –.13 D–Lrg Gr I – 7 0 +46 24.34n –.14 E Mgd Muni A + 2 + 2 +14 15.72 +.03 E Mgd Muni C + 2 + 2 +13 15.73 +.04 B Mid Core A – 2 + 5 +66 19.84 +.03 B–Mid Core B – 2 + 4 +59 17.86n +.03 B–Mid Core C – 2 + 4 +59 17.91 +.02 E MultDisAll A –15 – 5 +19 7.56 –.01 E Muni HiInc A 0 0 +14 14.39 +.03 E NJ Muni A + 1 + 1 +13 12.57 +.02 E NY Muni A +1 0 13.20 +.02 D+S&P500 IdxA – 5 + 3 +58 14.13n –.09 E Sh GrdBd I – 2 –2 3.86n .. D–Sm Val A – 4 + 5 +68 18.59 +.03 B SmCpGrI A – 4 + 6+100 16.10 –.04 D Soc Aware A – 1 + 5 +33 16.96 –.01 Leuthold Funds $ 3.4 bil 800–273–6886 Asset Allo + 2 + 2 .. 11.42 –.02 Asset Allo + 2 + 2 .. 11.41 –.03 A CoreInv + 2 + 4+116 18.43n –.02 CoreInvInst + 2 + 4 .. 18.41 –.03 LKCM Funds $ 915 mil 800–688–5526 C+SmCapEqInst – 6 + 3 +84 18.81n –.03 LMIFA I & II $ 273 mil 626–844–9500 D–BatMchUSSml – 7 + 2 +45 8.95n +.03 Longleaf Prtnrs $ 19.9 bil 800–445–9469 A–Intl – 6 + 6+118 18.55n –.22 C–Partners – 4 + 5 +56 31.96n –.31 B Small Cap – 4 + 5 +91 25.97n –.14 Loomis Syls $ 32.0 bil 800–633–3330 C Bond Instl + 1 + 2 +47 14.44 +.03 C Bond Ret + 1 + 2 +45 14.40 +.04 E Glob Bd Ret + 4 + 3 +29 16.26n +.08 E GlobBd Inst + 4 + 3 +30 16.39 +.08 D–SmCapVl Inst – 5 + 3 +62 23.31n +.06 D–SmCapVl Rt – 5 + 3 +61 23.09n +.06 C Strat Inc A + 1 + 2 +50 14.81 +.01 D+Strat Inc B 0 + 2 +48 14.88n +.01 D+Strat Inc C + 1 + 2 +48 14.87 +.01 B+Value Y – 3 + 3 +98 21.00n –.14 Loomis Syls Inv $ 1.1 bil 800–633–3330 C Fixed Income + 1 + 2 +46 13.77n +.04 B–InstlHiInc + 2 + 3 +64 7.88n .. D+InvGrad Fxd + 1 + 2 +37 12.86n +.05 Lord Abbett A $ 37.4 bil 800–201–6984 D+Affiliated – 6 + 1 +57 13.06 –.09 B–All Value – 2 + 3 +72 11.98 –.03 A Alpha Strat – 8 + 3+127 23.00 –.02 D Bal Strat – 3 + 3 +43 11.02 –.05 D Bond Deben + 1 + 4 +27 7.77 –.01 A Dvlp Grwth –15 + 2 +89 17.23 +.03 B Growth Opp – 6 + 6 +70 20.18 –.03 E HiYldMuniBd – 3 – 3 .. 13.34 +.03 E Income + 3 + 3 +12 2.64 .. A IntlCoreEq – 5 + 7 .. 14.82 –.12 D Mid Cap Val – 6 + 1 +64 16.54 –.09 E Natl Tax Fr 0 –1 10.70 +.04 E NY Tax Fr 0 0 10.67 +.04 C–Res Lg Core – 4 + 2 +65 29.31 –.11 D ResAmerVal – 4 + 2 +56 12.10 –.06 A ResSmallVal – 2 + 5+121 27.31 +.01 C+Sml Blend – 2 + 7+113 15.97 +.05 E Totl Retrn + 2 + 3 +13 10.49 .. Lord Abbett B $ 3.4 bil 800–426–1130 D Affiliated – 7 + 1 +54 13.11n –.08 C+All Value – 2 + 3 +68 11.51n –.03 D Bond Deben + 1 + 4 +25 7.78n –.02 D–Mid Cap Val – 7 0 +60 15.58n –.08 Lord Abbett C $ 5.2 bil 800–426–1130 D Affiliated – 7 + 1 +54 13.07n –.09 C+All Value – 2 + 3 +68 11.46n –.04 D Bal Strat – 3 + 3 +40 10.98n –.05 D Bond Deben + 1 + 4 +25 7.79n –.01 D–Mid Cap Val – 7 + 1 +60 15.54n –.09 C Sml Blend – 2 + 7+106 15.19n +.05 Lord Abbett I $ 3.2 bil 800–426–1130 C–Affiliated – 6 + 1 +59 13.10n –.09 D+BondDebent + 1 + 4 +29 7.74n –.01 D MidValue – 6 + 1 +66 16.53n –.09 C ResLgCore – 4 + 2 +67 29.38 –.11 A ResSmVal – 2 + 5+125 28.84n +.01 Lord Abbett P $ 1.4 bil 800–201–6984 D+Affiliated – 6 + 1 +56 13.04n –.08 D–Mid Cap Val – 7 + 1 +63 16.06n –.08 A ResSmallVal – 2 + 5+120 27.06n .. Lotsoff Capital Mgmt $ 403 mil 312–368–1442 ActvInc + 1 0 .. 10.35n .. – 5 + 2 +87 16.37n –.09 C † LSV Val Eq Lutheran Bro A $ 412 mil 800–328–4552 E Income 0 0 .. 8.32 +.01

—M—N—O— MainStay A Fds $ 6.6 bil 800–624–6782 D–Balanced – 2 + 2 .. 25.53 –.06 D+Capital Appr – 6 + 6 +43 32.23 –.17 B Convertible – 1 + 4 +59 15.24 –.04 C Equity Index – 5 + 3 +61 48.43 –.31 E Float Rate x – 1 + 6 ..x 9.22 –.01 E Govt Plus + 2 +1 8.38 +.01 D High Yld Cp – 1 + 2 +39 5.97 .. B+Lrg Cp Grow – 3 + 7 .. 6.97 –.03 C+MAP – 2 + 4 +81 33.60 –.16 D+S&P500 Idx – 5 + 3 .. 31.91 –.20 D Total Return – 3 + 3 +36 16.59 –.05 D+Value – 4 + 2 +61 18.52 –.10 MainStay B Fds $ 2.1 bil 800–624–6782 D Cap Appr – 6 + 6 +38 28.76n –.15 D–Hi Yld Cp – 1 + 2 +36 5.94n .. C MAP – 3 + 4 +74 31.29 –.14 MainStay C Fds $ 828 mil 800–624–6782 D–Hi Yld CorpBd – 1 + 2 +36 5.94n .. C MAP – 3 + 4 +75 31.29n –.15 Mainstay I Fds $ 3.4 bil B AllCapGrow – 5 + 5 +67 25.38 –.12 D Balanced – 2 + 2 +47 25.57n –.07 D Income Mgr – 4 + 2 +40 13.15n –.05 D–Indexed Bd + 2 + 1 +13 10.94 +.01 B MAP – 2 + 4 +89 34.24 –.16 C–S&P500 Idx – 5 + 3 +59 32.17n –.21 E SmlCapOppr – 8 – 1 +54 13.86n .. Mairs & Power $ 2.5 bil 800–304–7404 D Growth – 4 + 1 +60 73.41n –.36 Managers Funds $ 8.0 bil 800–548–4539 D Bond + 2 + 2 +23 25.32n +.06 D FremntMico –14 0 .. 33.34n +.11 D–Fremont Bond + 4 + 1 .. 10.77n –.01 A Intl Equity – 6 + 5+142 72.55n –.72 E Intm Dur Gov + 1 0 +13 10.64n –.01 A–MidGrowInst – 2 + 7 .. 13.03n –.02 E Sh Dura Govt + 1 0 +10 9.61n –.01 D–SpecialEq – 8 + 3 +58 59.01n +.02 B+TimsqSmGr I – 8 + 5 .. 10.75n +.02 Manning & Napier Fu $ 2.9 bil 800–466–3863 C LifeSci –13 – 1 +53 10.06n +.06 B–ProBlndExtS – 3 + 2 +58 15.04n –.04 B–ProBlndMaxS – 5 + 2 +75 15.94n –.08 C–ProBlndModS – 2 + 2 +46 12.48n –.03 Technology –13 + 1 .. 9.87n +.01 A WorldOppA – 2 + 7+150 9.86n –.01 Marshall Funds $ 3.4 bil 800–580–3863 AggrBondI + 2 + 2 .. 10.25 –.01 GovtIncomeI + 1 + 2 .. 9.55 –.01 E GovtIncomeY + 1 + 2 +13 9.56n .. A Intl Stck I – 3 + 9+109 14.95 –.12 C Lg Cap Gr Y – 6 + 5 +52 12.52n –.08 C+Lg Val Y – 5 + 4 +52 13.13n –.08 A–MidCapGr Y – 2 + 8 +86 18.67n –.03 D MidCapVal Y – 4 + 2 +67 12.76 –.04 ShInterBdI + 1 + 1 .. 9.19 .. A–SmCap Gr Y –11 + 1+114 14.76n +.02 Marsico Funds $ 9.9 bil 888–860–8686 A 21st Century – 9 + 1+128 15.88n –.06 B–Focus – 7 + 4 +70 18.63n –.15 C–Growth – 8 + 3 +71 20.57n –.11 A+Intl Opp – 5 + 7+159 17.10n –.07 Mass Mutl Instl $ 1.2 bil 800–542–6767 C LgCapVal A – 3 + 4 +73 12.18 –.08 C+SmlCpGrEq S – 8 + 4 +79 15.51n –.01 Mass Mutl Prem $ 5.4 bil 800–542–6767 E Core Bond A + 1 +1 10.70 .. E Core Bond L + 1 + 1 10.76n .. E Core Bond S + 1 + 1 +12 10.86n .. E Core Bond Y + 2 + 1 10.80n .. E DiverseBd S 0 0 +15 10.54n –.01 D EnhanceValS – 5 + 2 .. 11.94 –.07 A Intl Eq S – 5 + 6+183 16.84n –.13 D+Value S – 4 + 6 .. 16.40n –.06 Mass Mutl Select $ 12.0 bil 800–542–6767 D+Agg Gr S – 8 + 5 +65 6.84n –.04 D+BlueChipGrL – 7 + 5 +46 10.35n –.04 C–BlueChipGrS – 7 + 5 +47 10.40n –.05 D–DesRet2020L – 3 + 4 .. 10.47 –.04

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

D+DesRet2030L – 4 + 4 .. 11.04 –.04 D DiversVal S – 7 0 .. 11.25 –.08 D Focus Val A – 4 + 6 +55 15.46 +.09 D+Focus Val S – 4 + 7 +58 15.99n +.09 B Fund Val A – 4 + 4 +75 11.34 –.08 B Fund Val L – 3 + 4 +86 11.41n –.08 B Fund Val S – 3 + 4 +78 11.45n –.08 D+Index Eq A – 5 + 3 +56 12.82 –.08 D+Index Eq L – 5 + 3 +58 12.87n –.09 D+Index Eq S – 5 + 3 +58 13.02n –.09 D+Index Eq Y – 5 + 3 +58 12.89n –.09 C–Index Eq Z – 5 + 3 +59 13.03 –.08 C LgCapVal L – 3 + 5 +74 12.24n –.08 C+LgCapVal S – 3 + 5 +75 12.30n –.08 B+MidGrEqII A – 3 + 7 +97 14.37 .. B+MidGrEqII L – 2 + 7 +99 14.65n .. B+MidGrEqII S – 2 + 7+102 14.91n .. B+MidGrEqII Y – 2 + 7+101 14.83n +.01 B+Overseas L – 4 + 7+100 10.95n –.12 B+Overseas S – 4 + 7+102 11.01n –.13 C+Sm Co Val S + 1 + 6 +87 13.00n +.01 Masters' Select $ 3.0 bil 800–960–0188 C+Equity – 2 + 7 +64 14.89n –.08 A+Intl – 6 + 5+143 17.62n –.17 D–Smaller Co – 6 + 1 .. 12.61n +.01 D–Value – 8 0 +56 13.90n –.06 Matthews Asian $ 9.4 bil 800–789–2742 A+China –14 0+336 34.27n –.08 A Gr & Inc – 2 + 3+159 19.40n –.05 India –21 – 6 .. 19.35n –.23 E Japan + 1 + 9 +96 14.66n –.23 A+Korea –17 – 6+195 5.43n –.06 A+Pac Tiger I – 8 + 1+277 25.62n .. A–Pacific – 5 + 5 .. 16.50 –.18 A Technology –11 + 4+206 8.73n –.04 A † McKeeIntlEq – 1 + 10+144 14.69n –.19 Mellon Instl $ 2.5 bil 800–221–4795 B Bos Sml Gr – 5 + 5+107 55.51n +.09 C Bos Sml Val – 5 + 3 +95 20.87n +.05 A–BosIntlCore – 7 + 6+131 24.01n –.18 B+BosSmTxEq – 5 + 5 +97 37.36n +.07 E StanFxdInc + 1 0 +12 19.29n +.02 E StanIntmTxEx + 1 – 1 21.63n +.04 E † Merger Fund – 2 + 1 +19 14.79n –.04 Meridian Funds $ 3.0 bil 800–446–6662 C Growth – 4 + 4 +75 36.05n –.02 B–Value – 3 + 4 +72 30.92n +.04 Merk Hard Funds $ 402 mil 866–637–5386 CurrencyInv + 6 + 4 .. 12.03 +.08 Metro West $ 8.5 bil 800–241–4671 E Low Dur Bd – 2 –3 8.81n .. E Low Dur Bd I – 2 –3 8.82n .. E StratInc I – 8 – 5 .. 8.85 +.02 D–Total Ret Bd + 1 0 +22 9.76n +.01 D–Total Ret Bd I + 1 0 +23 9.75n .. Metzler/Payden Inves $ 519 mil 866–673–8637 A+Euro EmgMkt – 4 + 9 .. 36.40 –.02 MFS Funds A $ 44.4 bil 800–637–2929 B AggrGrAlloc – 3 + 5 +82 15.47 –.05 E Bond + 1 + 1 +12 12.22 +.01 E CA Muni + 1 0 +12 5.66 +.01 D ConsrvAlloc – 1 + 2 +33 12.19 –.02 C Core Equity – 5 + 4 +66 17.88 –.06 B Core Growth – 3 + 5 +62 19.17 –.05 A–Emerg Grow – 2 + 7 +83 41.15 –.08 A+Emrg Mk Eq – 2 + 6+310 42.92 –.09 B–GlblTotRet + 1 + 5 +64 14.16 .. B+Global Eq – 3 + 5+100 26.55 –.18 A–Global Grow – 3 + 7+107 26.90 –.20 D–Govt Secs + 3 + 2 +12 9.74 +.01 B–Growth Allo – 2 + 5 +68 14.70 –.04 D Hi Yld Opp 0 + 5 +29 6.92 –.02 D–High Income + 1 + 5 +24 3.60 –.01 A Intl Growth – 3 + 7+146 26.19 –.21 A Intl Nw Ds – 2 + 8+173 23.94 –.18 A Intl Val – 1 + 7+138 29.64 –.20 A IntlDivrs A – 2 + 8 .. 15.47 –.10 E Ltd Maturity +1 0 6.31 .. B MA Inv Tr – 3 + 4 +67 20.24 –.12 C–MA InvGrSk – 4 + 4 +51 14.68 –.08 E MA Muni + 1 0 +11 11.03 +.04 D Mid Cap Gr – 3 + 5 +62 9.98 –.01 D+MidCapVal – 3 + 3 +71 12.57 .. C–Mod Alloc – 1 + 4 +49 13.49 –.03 E Muni Hi Inc – 1 – 1 +15 7.79 +.01 E Muni Inc + 1 0 +13 8.31 +.02 E NC Muni +1 0 11.61 +.03 B–New Discov – 3 + 7 +60 18.55 –.06 B–Research – 4 + 5 +75 25.85 –.14 A Resrch Intl – 2 + 9+137 19.00 –.12 E Rsrch Bond + 1 + 1 +10 9.81 +.01 D–Str Income + 1 + 3 +20 6.54 +.01 E Strat Val – 7 – 1 +37 11.76 –.05 D Total Ret – 3 + 2 +39 14.71 –.03 A+Util – 1 + 5+195 19.06 +.01 E VA Muni + 1 0 +11 11.21 +.03 B–Value – 5 + 3 +79 25.21 –.12 MFS Funds B $ 8.1 bil 800–637–2929 B–AggrGrAlloc – 3 + 5 +77 15.25n –.05 C–Core Equity – 5 + 4 +60 16.53n –.05 B–Core Gr – 3 + 5 +57 18.08n –.04 B+Emerg Gr – 2 + 7 +76 36.95n –.07 C+Growth Allo – 2 + 5 +65 14.50n –.04 A Intl Nw Ds – 2 + 8+166 23.00n –.17 B–MA Inv Tr – 3 + 4 +64 19.67n –.11 D+MA InvGrSk – 4 + 4 +46 13.26n –.07 D+Mod Alloc – 2 + 3 +46 13.34n –.03 D–Total Ret B – 3 + 1 +36 14.70n –.04 A+Util – 1 + 5+188 18.99n +.01 C+Value – 5 + 3 +75 25.05n –.12 MFS Funds C $ 6.4 bil 800–637–2929 B–AggrGrAlloc – 3 + 5 +77 15.23n –.06 C+Growth Allo – 2 + 5 +65 14.48n –.04 A Intl Nw Ds – 2 + 8+166 22.93n –.17 B–MA Inv Tr – 3 + 4 +64 19.54n –.11 D+MA InvGrSk – 4 + 4 +46 13.20n –.07 D+Mod Alloc – 2 + 3 +46 13.32n –.03 E Mun Hi Inc – 1 – 1 +11 7.80n +.01 A Research Intl – 3 + 9+131 17.95n –.12 D–Total Ret – 3 + 2 +36 14.77n –.03 A+Util – 1 + 5+188 19.00n +.01 C+Value – 5 + 3 +75 25.00n –.12 MFS Funds I $ 9.0 bil 800–637–2929 E High Income – 2 + 3 3.60n –.01 A Intl Nw Ds – 1 + 8+178 24.54n –.18 D+Mid Cap Gr – 3 + 5 +64 10.18n –.02 C–MidCapVal – 3 + 3 +74 12.82n .. B Research – 3 + 5 +76 26.34n –.14 E Rsrch Bond + 1 + 1 +10 9.81n +.01 A+Rsrch Intl – 2 + 10+141 19.57n –.12 D Total Ret – 2 + 2 +41 14.71n –.03 B–Value – 5 + 3 +81 25.34n –.11 MFS Instl Funds $ 2.7 bil 800–637–2929 A Intl Eq – 1 + 8+127 19.78n –.15 Midas Funds $ 259 mil 800–400–6432 A+Midas – 3 + 1+310 5.43n .. Morgan Stan $ 644 mil 800–869–6397 E LtdDurUSGvt + 2 0 9.30n .. Morgan Stan A $ 5.9 bil 800–869–6397 A Cap Opps – 1 + 10+143 23.68 –.24 C–EqWtS&P500 – 3 + 3 +71 36.32 –.16 B+FocGrowth – 2 + 10 +73 33.54 –.20 B Glob Advtg –10 + 3 +89 11.34 –.06 C+GlobDivGr – 6 + 5 +82 13.90 –.11 A MidGrwth – 3 + 7+136 32.05 –.02 D+S&P500 Idx – 5 + 3 +57 14.99 –.10 B+SpecialVal – 1 + 4 +86 13.38 +.01 C+Strategist – 3 + 2 +65 19.01 –.07 E USGovtSecs – 2 –3 8.78 +.01 Morgan Stan B $ 7.7 bil 800–869–6397 E CA Tax Fr 0 + 1 11.80n +.03 D–DivGrSecs – 6 + 2 +27 18.08n –.10 D+EqWtS&P500 – 4 + 3 +68 35.96n –.17 A Euro Equity – 6 + 8+112 21.01n –.15 B+FocGrowth – 2 + 10 +66 30.89n –.19 C+GlobDivGr – 6 + 5 +82 14.11n –.10 D S&P500 Idx – 5 + 3 +53 14.59n –.10 C Strategist – 3 + 2 +62 19.08n –.07 E USGovtSecs – 2 –3 8.78n .. Morgan Stan I $ 3.0 bil 800–869–6397 C EqWtS&P500 – 3 + 3 +74 36.56n –.16 A–FocGrowth – 2 + 10 +75 34.50n –.20 C+GlobDivGr – 6 + 5 +84 13.94n –.10 B+IntlValEq – 1 + 9+104 11.87 –.08 E TaxEx Secs 0 0 11.07n +.02 E USGovtSecs – 2 –3 8.79n +.01 Morgan Stan Ins $ 26.3 bil 800–548–7786 A ActIntlAlI – 3 + 7+139 15.42n –.12 B–BalancedI – 3 + 2 +59 14.11n –.04 A–CapGr I – 3 + 8 +79 23.88n –.16 E CorFxdIncI – 4 – 4 10.14n .. E CorPlFxd I – 4 – 4 10.70n –.01 A+Emer Mkts I – 6 + 4+337 31.91n –.12 B+Intl Eq P – 1 + 8+103 18.48n –.14 B+IntlEq I – 1 + 8+105 18.69n –.14 D–IntlFxdIncI + 8 + 5 +27 11.40n +.11 A–IntlRealEsI 0 + 4+202 25.57n –.35 C–IntlSmCap I – 1 + 10+109 16.87n –.11 E InvGrdFxInI – 4 – 4 10.53n .. C–LgCpRelValI – 5 + 1 +78 11.17n –.07 E Ltd Dur I – 8 –8 9.17n .. A MdCpGrP – 2 + 7+144 31.69n –.02 A MidCapGr I – 2 + 7+146 32.54n –.02

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value


EXCHANGE TRADED FUNDS

INVESTOR'S BUSINESS DAILY ’08 % Rel Acc 52-wk Chg Str Dist high Fund

Div Close Vol % ’08 % Rel Acc 52-wk Symbol Yld Price Chg Chg Chg Str Dist high Fund

For Friday, May 9, 2008. Ranked by Relative Strength 34.7 98 B 100.8 US Oil USO 37.3 97 A 47.4 PS DB Energy DBE 35.4 97 B 47.2 PS DB Oil DBO 28.3 96 C+ 67.2 IS S&P GSCI Commod GSG 21.9 96 C 104.8 MV Steel SLX 15.1 95 C+ 95.5 IS MSCI Brazil EWZ 28.4 95 C+ 40.0 PS DB Comm Indx DBC 19.9 94 C 81.0 IS DJ US Oil&Explr IEO 7.2 94 D- 65.7 MV Agribusins MOO 16.0 94 B 46.6 Spdr S&P O&G Equip XES 20.2 94 C+ 63.4 Spdr S&P Oil&G Expl XOP 14.2 93 C 73.2 IS DJ US Oil&Equpmt IEZ 8.8 93 B+ 56.0 MV Russia RSX 3.2 93 B- 121.5 ProS Ultra Oil & Gas DIG 19.5 93 C 83.5 Spdr S&P Metl&Minng XME 53.1 93 C 55.1 US Nat Gas UNG 0.3 92 B- 58.3 Clymr/BNY Bric EEB 13.6 92 D+ 290.9 IS S&P Latin Am 40 ILF 11.5 92 B 28.9 PS Dyn Engy EPP PXE 11.9 92 C+ 30.8 PS Dyn Oil Services PXJ 12.1 92 B+ 93.5 Spdr S&P Emg L Amer GML 9.5 91 C+ 210.6 HT Oil Service OIH 6.8 91 D+ 147.7 IS DJ US Energy Indx IYE 13.6 91 E 43.5 PS DB Agricultur DBA 6.7 91 D 85.3 Spdr Energy XLE 8.3 91 B- 123.3 VG Energy VDE 18.0 90 C+ 67.4 Brcly Ipth DJ AIG Cm DJP 6.0 90 B+ 151.0 IS S&P Glbl Energy IXC 9.4 90 D- 85.9 IS S&P Global Matrls MXI 9.2 90 B- 147.3 IS S&P GSSI Natl Res IGE 0.6 90 B- 36.2 Spdr S&P Bric 40 BIK -11.8 89 C+ 62.0 MV Alternative Enrgy GEX .. 89 B- 48.6 MV Coal KOL 8.1 88 B- 84.6 IS DJ US Basc Matrl IYM 8.2 88 B- 41.1 WT Intl Basc Matrls DBN -1.0 87 B- 60.3 BDR Emrging Mkts 50 ADRE -2.5 87 C+ 76.2 Spdr S&P Emg Eur GUR 3.7 86 D+ 150.1 ProS Ultrashrt Fincl SKF 5.9 85 E 100.5 IS Comex Gold Trust IAU 13.4 85 E 207.3 IS Silver Trust SLV 6.0 85 E 100.4 ST Gold Trust GLD 5.6 84 B 36.7 IS MSCI Canada EWC -5.3 84 C 36.9 PS Cleantech PZD 5.0 84 B 95.0 VG Materials VAW 4.9 84 B- 57.7 WT Emg Mk Hi Yld DEM 5.8 83 D- 160.5 Currencyshrs Euro Tr FXE 8.1 83 D 103.5 Currencyshrs Jpn Yen FXY 8.6 83 E 102.0 Currencyshrs SwissFr FXF 5.9 83 D- 38.7 PS DB Prec Metals DBP -15.8 83 B 38.9 PS Gld Dragn China PGJ -2.1 83 C+ 117.8 VG Emerg Markets VWO .. 82 D+ 37.0 Grnhvn Contin Cmd GCC -10.8 82 C+ 219.6 IS FTSE/Xinhua Chna FXI -2.2 82 D 167.5 IS MSCI Emrg Mkts EEM -0.4 82 C+ 71.8 IS MSCI Spain EWP 7.1 82 C 18.2 IS MSCI Taiwan EWT 4.4 82 C+ 44.6 Spdr Materials XLB -12.5 82 B 113.5 Spdr S&P China GXC 7.4 81 D- 95.6 Currencyshrs Aus Dol FXA -22.0 81 D+ 33.6 FrstTr Nsdq CleanEdg QCLN -1.8 81 B- 56.5 HT Internt Architc IAH 5.3 81 D- 30.8 PS DB US $ Bearish UDN -0.7 81 B+ 23.9 PS Water Resources PHO -12.6 80 C+ 35.0 PS Glb Cln Energy PBD -1.3 80 B 80.2 Spdr S&P Emg E Afr GAF 2.4 79 B- 0.7 HT B2B Internet BHH 13.6 79 C+ 98.2 IS DJ Transprtn Indx IYT 0.9 79 B- 41.9 IS MSCI Austria EWO 0.5 79 C 153.8 IS MSCI So Africa EZA -6.9 78 B 36.7 IS MSCI Germany EWG 5.8 78 C 65.2 IS MSCI Mexico EWW -1.8 78 B 16.0 IS MSCI Singapore EWS -2.3 78 B+ 104.6 IS Mstar Mid Growth JKH 1.0 78 B+ 94.7 IS S&P Mdcp 400 Grw IJK -0.1 78 B- 25.6 Nvn Eqty Prm Incm PIZ -3.2 78 B- 28.5 PS DWA Tech Leadrs PDP 4.9 78 C+ 59.0 Spdr Lehmn Intl Trsy BWX -1.8 77 B- 83.9 IS MSCI Growth EFG -3.9 77 D+ 67.1 IS S&P Glb Cnsr Stpl KXI -5.4 77 B- 53.9 IS S&P GSTI Softwre IGV 0.7 77 D 115.0 ProS Ultshrt CnsrSvc SCC -5.7 77 B 25.0 PS Dyn Midcp Grwth PWJ -5.9 77 B 55.1 PS QQQ Trust QQQQ -3.6 77 D+ 62.4 Spdr S&P Biotech XBI -2.6 77 B- 63.7 VG FTSE World X-US VEU -3.5 77 D- 94.5 WT Pac XJpn Totl Div DND -15.8 76 C+ 31.9 FrstTr Ise Chindia FNI -4.4 76 C 40.7 IS MSCI France EWQ -1.7 76 B- 33.0 IS MSCI Netherlands EWN 4.5 76 B- 39.2 IS MSCI Sweden EWD -0.6 76 C+ 134.4 ProS Ultsht R2000 Vl SJH -1.7 75 B+ 39.0 BDR Asia 50 ADRA 2.2 75 E 111.8 IS Lehmn 3-7 Yr Trea IEI 2.3 75 D+ 92.6 IS Lehmn 7-10 Yr Tre IEF -0.1 75 B- 34.8 IS MSCI Australia EWA -5.1 75 B- 127.4 IS MSCI EMU Indx EZU -4.2 75 B 75.7 IS Mstar Large Grwth JKE -5.7 75 D+ 70.7 IS S&P Glbl Inf Tch IXN -6.6 75 B 64.1 IS S&P GSTI Tech IGM 1.9 75 D 112.1 IS Tr Lehman TIPS TIP -2.2 75 B 45.4 Spdr MSCI ACWI X-US CWI -3.5 75 D- 67.4 VG Growth VUG -3.4 75 C+ 68.5 VG Mid-Cp Gwth VOT -5.6 75 C+ 42.5 WT Intl Utilities DBU -4.9 74 C+ 26.8 Clymr S&P Globl Watr CGW -0.6 74 D+ 98.2 IS Lhmn 20+ Yr Treas TLT

.. 102.03 .. 48.46 .. 46.99 .. 67.68 1.9 103.63 1.7 92.88 .. 40.52 0.2 79.71 .. 61.56 0.2 47.08 0.2 62.52 .. 73.48 0.2 55.41 4.2 113.15 0.2 82.57 .. 55.50 0.4 53.55 1.2 282.85 0.1 28.29 .. 31.01 1.0 90.71 0.3 206.94 0.8 146.22 .. 37.48 1.0 84.70 0.8 122.90 .. 66.38 1.8 150.42 0.6 84.85 0.8 146.69 0.4 32.24 .. 52.87 .. 48.05 0.9 83.17 0.6 40.57 0.7 54.47 0.5 69.08 0.7 103.61 .. 87.33 .. 166.65 .. 87.42 1.1 33.93 .. 33.80 1.4 92.38 0.9 55.36 3.3 154.96 .. 96.84 1.1 95.97 .. 32.81 .. 28.84 1.9 102.11 .. 34.66 1.4 152.01 1.3 147.00 1.8 63.41 2.4 16.10 1.1 43.54 0.8 78.60 6.3 94.54 .. 25.75 0.4 49.98 .. 29.03 0.3 21.26 .. 27.70 1.4 69.73 .. 0.43 0.8 92.33 1.9 37.21 2.0 130.71 1.5 32.98 1.8 59.24 3.7 13.54 0.4 97.74 0.4 90.00 .. 25.37 0.3 26.42 3.3 56.46 0.9 76.29 0.6 60.50 .. 48.83 1.6 86.17 .. 22.88 0.3 48.21 .. 57.22 0.9 57.06 2.4 79.11 0.0 23.32 0.9 36.35 3.5 29.44 3.4 32.09 2.3 89.14 0.5 33.65 3.7 107.89 3.8 89.03 4.4 28.79 2.6 113.22 0.4 68.46 0.4 61.65 0.2 55.66 5.2 107.83 1.9 40.36 0.8 62.24 .. 62.59 0.8 33.09 0.4 24.61 4.4 92.50

1.37 73 1.07 0 0.62 47 0.64 5 -0.66 -13 0.48 -46 0.52 -17 -0.55 96 -0.23 -39 0.50 49 -0.67 -54 0.32 33 1.11 203 -1.06 37 -0.93 -4 1.41 30 -0.19 -47 -0.76 -49 -0.21 52 0.23 -12 -0.17 -50 -0.19 -2 -0.89 5 0.34 -28 -0.23 -18 -0.29 42 0.68 -32 -0.18 103 -0.93 -12 -0.60 -39 -0.11 -55 0.05 13 -0.45 6 -0.91 -49 -0.25 -18 -0.28 21 1.58 192 1.54 -5 0.06 -37 -0.35 -18 0.18 -25 0.18 -38 -0.02 37 -1.03 -42 -0.28 -65 0.87 -72 0.93 -69 1.03 -62 0.10 -66 -0.27 -48 -0.53 -39 0.52 28 -3.94 -35 -1.21 -42 -0.22 -46 -0.24 -40 -0.46 -19 -1.11 5 -0.08 9 -0.05 25 0.00 -73 0.12 -86 0.07 -35 -0.10 -33 -0.82 -14 -0.03 365 -1.09 -47 0.10 -64 -2.26 1 -0.09 -37 -0.40 -16 0.01 -57 0.22 -48 0.18 -56 -0.18 -62 -0.16 -50 0.43 -69 -0.39 -74 -0.09 -58 0.22 -63 0.37 -78 0.10 -74 -0.19 -34 0.11 -42 -0.32 -40 -0.22 -53 -0.13 -16 -0.27 -15 -0.03 -83 -0.12 -85 -0.80 -80 -0.27 -42 0.02 -20 0.10 -51 0.17 -43 -0.23 -86 -0.40 -81 -0.27 -71 -0.22 173 0.29 18 -0.24 -78 -0.23 -39 -0.04 -88 0.02 -48 -0.10 -35 0.34 -31

Div Close Vol % Symbol Yld Price Chg Chg

-5.8 74 D+ 72.6 IS S&P Global Util JXI 0.8 65.39 0.6 74 E 56.9 MV Gld Minr GDX 1.6 46.10 4.1 74 B- 92.1 ProS Short Russ2000 RWM 0.9 75.04 0.6 74 C 27.7 PS 1-30Yr Lddr Treas PLW 3.3 26.67 -0.8 74 B- 32.0 PS Dyn Developd Intl PFA 0.5 23.57 -6.4 74 C+ 19.5 PS Dyn Larg Grwth PWB .. 17.55 -1.9 74 B 20.7 PS Dyn Semicondctr PSI .. 16.93 -5.3 74 D+ 30.9 PS Val Line Ind PYH .. 28.05 -6.7 74 C+ 66.0 Spdr DJ EuroStoxx 50 FEZ 0.4 58.45 -2.8 74 C+ 52.6 VG Europe Pacific VEA 0.0 46.56 -3.8 74 B- 82.1 VG European VGK 3.3 72.01 -7.1 74 C+ 64.8 VG Info Tech VGT 0.3 55.86 -4.0 74 B- 75.7 WT DEFA DWM 1.4 66.65 -7.5 73 D+ 67.3 IS DJ US Tech Indx IYW 0.3 57.76 0.0 73 B 28.6 IS MSCI Belgium EWK 2.9 24.41 -12.4 73 D 24.3 IS MSCI Hong Kong EWH 1.9 19.21 -3.4 73 B- 182.9 IS MSCI Pac Ex-Japn EPP 4.8 148.99 -1.1 73 D 27.8 IS MSCI Switzerland EWL 1.1 25.71 -3.0 73 B+ 121.0 IS Russell Mdcp Grw IWP 0.6 110.54 0.2 73 B+ 92.3 IS S&P Midcap 400 IJH 0.8 85.14 0.2 73 C 168.6 S&P Midcap 400 MDY 1.0 155.41 -3.5 73 B- 29.8 Spdr Consumer Staple XLP 2.1 27.80 -3.7 73 B 61.5 Spdr DJ Wil LrCp Grw ELG 0.8 56.56 -1.5 72 D 113.0 Currencyshrs Can Dol FXC 2.4 99.46 -5.5 72 B+ 73.0 IS DJ US Aerospace ITA 0.5 64.22 -2.7 72 C+ 69.0 IS S&P Globl Industl EXI 0.6 61.60 -14.8 72 C 122.8 ProS Ultra QQQ QLD .. 84.58 2.3 72 B- 114.0 ProS Ultrshrt Smcp6 SDD 2.5 71.72 -3.6 72 C 28.6 PS FTSE RAFI Emrg PXH .. 25.10 1.3 72 E 83.0 VG Intrmed-Term Bnd BIV 4.2 78.30 1.5 72 E 80.0 VG Short-Term Bond BSV 3.6 78.18 0.0 72 D 79.8 VG Total Bond Mkt BND 4.7 77.40 -4.3 71 B- 34.5 BDR Devlped Mkts 100 ADRD 2.4 30.16 -3.9 71 B- 142.3 HT Utilities UTH 2.8 130.85 -2.7 71 D 78.0 IS DJ US Industrial IYJ 1.2 70.80 1.0 71 B- 105.5 IS Lehman Aggr Bnd AGG 3.8 102.23 1.3 71 C+ 84.6 IS Lehmn 1-3 Yr Trea SHY 3.7 83.28 -3.3 71 B 88.7 IS MSCI EAFE Indx EFA 2.6 75.88 -4.4 71 C 63.9 IS Russell 1000 Grw IWF 1.0 58.11 -5.0 71 B- 52.0 IS Russell 3000 Grw IWZ 1.0 47.04 -4.3 71 B+ 73.3 IS S&P 500 Grw Indx IVW 1.1 66.84 -4.2 71 C+ 125.1 IS S&P Europe 350 IEV 2.9 109.52 -5.8 71 D+ 69.0 Morgan Stanley Tech MTK 0.1 58.37 -2.0 71 B- 18.7 PS Dyn Food & Bev PBJ 1.6 16.58 -9.4 71 B- 19.4 PS Val Line Tim PIV .. 16.91 -2.3 71 B 42.0 Spdr Industrial XLI 1.7 38.25 -8.1 71 C+ 28.6 Spdr Technology XLK 0.1 24.51 -3.5 71 D+ 77.2 VG Consmr Stapls VDC 1.7 68.32 -2.4 71 B- 79.3 VG Industrials VIS 1.4 71.31 -1.9 71 B- 79.8 VG Pacific VPL 2.5 66.43 -28.3 69 C 118.0 Brcly Ipth MSCI Indi INP .. 70.14 -8.5 69 D- 33.7 Clymr/Zack SectrRotn XRO 0.6 29.53 6.0 69 B 22.1 Dow 30 Prm & Div Inc DPD 9.5 19.02 1.6 69 D- 103.9 IS Leh 1-3Yr Credit CSJ 4.4 102.67 0.5 69 B- 110.6 IS Lehmn Shrt Treas SHV 3.7 110.14 4.4 69 C+ 88.0 ProS Short S&P500 SH 1.6 63.45 4.5 69 B 97.7 ProS Ultrshrt Rus2k TWM 1.4 73.50 -1.6 69 B 28.2 PS Emrg Mkt Sovgn PCY 5.4 26.01 -3.8 69 B- 22.6 PS Intl Div Achvrs PID 4.0 19.80 9.6 69 B 21.3 S&P 500 Covered Call BEP11.8 16.89 6.4 69 B- 79.8 VG REIT VNQ 3.0 65.40 -4.6 69 B- 78.1 WT Intl Div T100 DOO 2.7 66.55 -8.1 68 D- 46.1 HT Software SWH 0.4 40.31 -4.4 68 B- 106.8 IS DJ US Utilities IDU 2.7 97.88 0.9 68 B- 108.3 IS Iboxx $ Investop LQD 5.2 105.75 -1.2 68 C 14.8 IS MSCI Japan EWJ 1.0 13.13 -2.1 68 B- 113.1 IS Russell Mdcp Indx IWR 0.8 101.36 -5.8 68 C+ 86.1 IS S&P Gbl 100 Indx IOO 1.8 76.27 6.5 68 C+ 103.5 IS Tr Cohen&Steers ICF 4.0 84.27 -6.7 68 C 56.0 Spdr DJ Stoxx 50 FEU 2.9 49.39 -1.7 67 A- 106.5 IS Iboxx HiYld Bnd HYG 6.9 99.00 -0.7 67 B 104.0 IS S&P Natl Muni Bnd MUB 3.3 101.29 0.1 67 D- 46.5 Spdr Lhmn 1-3Mo Tbil BIL 1.4 45.82 6.2 66 B 91.7 DJ Wilshire REIT RWR 4.3 73.58 -4.3 66 D+ 28.1 Frst Tr DJ Internet FDN .. 24.05 -10.1 66 B- 18.6 FrstTr Value Ln 100 FVL .. 16.09 1.2 66 C+ 108.7 HT Retail RTH 1.5 94.44 -2.2 66 B 39.8 HT Semiconductors SMH 1.1 31.74 -6.1 66 D 62.4 IS DJ US Med Device IHI .. 56.91 -9.5 66 C+ 83.1 IS S&P Globl Telcom IXP 2.2 70.08 -0.6 66 B+ 90.3 IS S&P Mdcp 400 Val IJJ 1.0 79.08 -7.0 66 C+ 24.3 PS Aero & Defense PPA .. 21.07 -1.1 66 A 57.4 Spdr S&P Semicndctr XSD 0.7 46.00 -3.6 66 B- 59.2 VG Div Appreciation VIG 1.6 53.94 -2.5 66 C 83.7 VG Mid-Cap VO 0.0 73.71 -4.3 66 B 78.5 VG Small-Cap Growth VBK 0.0 68.20 -4.9 66 D+ 91.8 VG Utilities VPU 2.7 83.30 -3.7 65 B- 141.9 DJI Diamonds Trust DIA 1.5 127.61 -5.3 65 C+ 44.7 Spdr Utilities XLU 2.7 40.10 -7.5 64 B 27.2 PS Global Water PIO .. 22.86 -0.8 64 C+ 24.1 Spdr Lehmn Muni Bnd TFI 3.8 22.08 -3.6 64 B+ 39.9 Spdr S&P Intl Sm Cap GWX 0.9 33.20 -5.5 63 B+ 25.0 FrstTr Nasdq100 EqWt QQEW .. 20.88 -4.8 63 B- 76.9 IS DJ US Index IYY 1.7 68.11 -4.1 63 B 82.0 IS MSCI Value EFV 3.4 68.98 -4.5 63 C 85.8 IS Russell 1000 Indx IWB 1.7 76.01 -4.7 63 B- 91.2 IS Russell 3000 Indx IWV 1.6 80.42 -4.7 63 D 140.2 IS S&P 1500 Indx ISI 1.7 124.06 -3.7 63 D+ 150.7 IS S&P Smcp 600 Grw IJT 0.7 129.87 2.8 63 D 70.0 ProS Short Dow30 DOG 1.8 61.01 -18.0 63 B 99.9 ProS Ultra Technolgy ROM 0.3 66.28 6.3 63 D 72.5 ProS Ultrshrt S&P500 SDS 1.6 57.60 9.6 63 C 99.0 ProS Ultsht R2000 Gr SKK 2.8 72.85 -4.5 63 B- 20.6 PS Dyn Biotech PBE .. 17.88 -5.0 63 B+ 22.1 PS Dyn Large Value PWV 1.8 19.34 -23.6 63 D+ 28.8 PS Wh Clean Energ PBW .. 21.16 -3.0 63 B- 116.5 VG Extended Market VXF 0.0 102.04 -4.7 63 B+ 70.5 VG Large-Cap VV 1.7 62.58

MUTUAL FUND PERFORMANCE 36 Mos Preformance Rating Fund

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

E MunicipalI + 1 – 1 +14 12.59n +.04 C SmCoGr I – 8 + 4 +90 12.12n –.13 C SmCoGr P – 8 + 4 +88 11.43n –.12 B+US SmlValI – 1 + 4+101 22.86n .. A–USRealEst I + 8 + 10+129 16.86n –.13 MTB Funds $ 2.3 bil 800–836–2211 A–Intl Eq I I – 4 + 8+160 12.19n –.07 E IntmTrmBd I + 2 + 1 +10 9.99n –.01 E † Muhlnkmp – 6 + 1 +56 61.00 –.54 Munder A $ 3.4 bil 800–438–5789 D+Index 500 b – 5 + 3 +56 27.59 –.18 B Internet m – 7 + 8 +81 22.50 +.17 B+Mid Core Gr b – 5 + 4+123 28.36 –.03 E SmlCapVal m – 6 + 2 +79 22.88 –.08 Munder C/II $ 669 mil 800–438–5789 B+MidCoreGrC b – 5 + 4+116 26.95n –.03 Munder Y $ 2.6 bil 800–239–3334 A–Mid Core Gr – 5 + 4+126 28.83n –.03 E SmlCpVal – 5 + 2 +79 23.05n –.07 Nationwide A $ 1.2 bil 800–848–0920 A–Intl Idx – 3 + 8+134 10.88 –.08 B–MidMktIdx 0 + 8 +86 14.82 +.02 Nationwide D $ 1.4 bil 800–848–0920 C Nationwide – 4 + 5 +47 16.25 –.13 Nationwide Funds C $ 532 mil 800–848–0920 D Inv DestMod .. .. no quote D+InvDstMdAg .. .. no quote Nationwide Funds Ins $ 5.3 bil 800–848–0920 E Bond Index + 2 + 1 +13 10.97n .. A Intl Idx – 3 + 8+137 10.91n –.08 B MidMktIdx 0 + 8 +89 14.94n +.01 C–S&P500 Idx – 5 + 3 +58 11.65n –.08 C–Small Idx – 6 + 3 +75 11.14n +.01 Nationwide Funds Ser $ 3.9 bil 800–848–0920 C InvDestAggr .. .. no quote D–InvDestCon .. .. no quote D InvDestMod .. .. no quote C InvDstMdAg .. .. no quote D–InvDstMdCon .. .. no quote D+S&P500 Svc – 5 + 3 +56 11.59n –.07 Natixis Funds $ 2.1 bil 800–225–5478 A CGM TargEqA – 2 + 10+128 12.31 –.12 B US Divers A – 6 + 4 +86 23.77 –.06 Neubg Brm Adv $ 1.1 bil 800–877–9700 A–Genesis + 3 + 8+125 29.67n +.06 B+Partners – 1 + 9+107 21.78n –.15 Neubg Brm Instl $ 829 mil 800–628–2583 Intl – 2 + 10 .. 11.47n –.07 IntlLgCp – 1 + 12 .. 11.62 –.05 Neubg Brm Inv $ 12.9 bil 800–877–9700 E Fasciano – 5 + 3 +43 36.47n +.09 D+Focus – 3 + 5 +64 26.40n –.23 A Genesis + 3 + 8+123 35.44n +.07 A Genesis I + 3 + 8+130 48.69n +.09 C+Guardian – 3 + 2 +76 17.38n –.11 A–Intl – 2 + 10+163 20.58n –.11 D–LehmnHiInBd + 2 + 4 +17 8.58n –.01 A–MidGrwth – 8 + 3+107 10.12n –.01 B+Partners – 1 + 9+109 32.62n –.23 B–Soc Respons – 2 + 3 +74 26.01n –.15 36 Mos Fund Preformance Rating

Market Vectors Renminbi CNY

39.46

INVESTOR'S BUSINESS DAILY

China’s exports surged 21.8% in April from year-earlier levels, after rising 30.6% in March. Its trade surplus was $16.8 billion, slightly big41 ger than it was a year ago. The U.S. and Europe have been pressuring China to strengthen its currency to reduce its huge trade surplus. “Currency appreciation will have 40 to continue; trade surpluses and foreign reserves continue to pile up at an unsustainable pace,” said AlaistDaily Graphs available at investors.com/DGO/IC air Chan, an economist at Moody’s Economy.com. “A one-off revalua39 tion could solve these problems as Volume well as stop speculative inflows.” 72,000 The Chinese government has kept 40,000 the yuan’s value artificially low to 22,000 stimulate export growth. During the prior decade, the Chinese renminbi (another name for the yuan) 29 14 28 11 25 9 was pegged at 8.2765 yuan to the March ’08 April May U.S. dollar. In July 2005, it was revalued at 8.11 yuan to the buck. The yuan has risen steadily against the dollar ever since. This month, the dollar traded at a spotaverage of 1 to 6.98796 yuan, accordTOP 10 BOTTOM 10 ing to x-rates.com. The yuan has apRel Str 1-wk Rel Str 1-wk preciated 9.8% against the dollar in ETF Symbol Rtg % chg ETF Symbol Rtg % chg the past 12 months. It’s 16% higher ProS Ultrashort FTSE/Xin FXP 24 13.5 Claymore MacroShr OilDown DCR 1 -51.5 from when the peg was lifted.

Tracking Notes In March, Van Eck Global launched exchange traded notes, or ETNs, that track the swings of the Chinese and Indian currencies vs. the dollar. The Market Vectors Chinese Renminbi/USD ETNCNY and Market Vectors Indian Rupee/USD ETNINR gain value when the currency rises against the U.S. dollar. The ETNs actually track indexes created by Standard & Poor’s. They hold three-month forward futures contracts. The contracts are held until expiration, sold, then rolled over into new contracts. The S&P Chinese Renminbi Total Return Index would have returned 8.68% in the past year and 2.91% as of March 31, according to the Market Vectors. But as with all exchange traded products, index returns vary greatly from real returns because of tracking error. As of Friday, the Chinese Renminbi/USD ETN traded at 39.45, or 1% below its inception price of 40 a share. The ETNs charge an annual fee of 0.55%. They’re unsecured IOUs issued by Morgan Stanley, which means investors have to take on the company’s credit risk. Unlike most currency ETFs, they pay interest based on the U.S. federal funds rate.

Weekly Winners & Losers

’08 % Rel Acc 52-wk Chg Str Dist high Fund

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

86 97 93 98 97 87 93 96 93

11.6 10.2 10.1 9.2 9.0 8.9 7.9 7.3 7.3

HT Internet Infrastructure IIH HT B2B Internet BHH ProS Ultra Financial UYG Barclay Ipath MSCI India INP IS DJ US Home Construction ITB ProS Ultrashort Oilgas DUG ProS Ultrashort BascMatl SMN IS FTSE/Xinhua China FXI IS MSCI South Korea EWY

Div Close Vol % ’08 % Rel Acc 52-wk Symbol Yld Price Chg Chg Chg Str Dist high Fund

-4.7 63 B- 156.5 VG Totl Stock Mkt -3.1 63 B+ 75.5 WT Intl Midcp Div -5.7 62 B- 36.5 IS MSCI Italy -4.5 62 C+ 27.4 IS MSCI Untd Kingdm -5.2 62 B- 157.8 IS S&P 500 Index -5.0 62 C+ 157.5 S&P 500 Dpstry Rcpts -0.6 61 B+ 38.9 Bearlnx AlrnMlp Sel -2.0 61 D+ 211.4 Currencyshrs BritPnd -2.4 61 A- 101.1 ProS Ultra Midcp400 -3.7 61 B+ 25.9 PS Insurd Natl Muni -7.1 61 B- 118.0 RX Russell Top 50 -4.4 61 A- 48.2 Spdr Leh Hi Yld Bnd -1.9 61 B 74.6 WT Intl Smlcap Div 1.6 60 C+ 187.3 HT Biotech 4.1 60 B- 86.7 IS DJ US Real Est -6.4 60 D+ 66.5 IS DJ US Cnsmr Gds -4.6 60 B- 89.0 IS Nasdaq Biotech -7.2 60 B 91.3 IS Russell 2000 Grw -1.8 60 A- 164.3 IS Russell Mdcp Val 0.7 60 B- 19.1 Nvn Eqty Prm Oppnty -6.5 60 B- 55.3 PS Dyn Market -3.4 60 B+ 52.7 RX S&P 500 Eq Wt -3.0 60 B- 76.7 VG Small-Cap 3.1 58 B- 20.1 Dw 30 Enhnc Prm&Inc 1.3 58 A- 22.6 Enhnc S&P500 CovCal 8.1 58 C+ 50.6 IS S&P US Preferd Stk -6.1 58 D- 56.8 IS S&P World Ex-US -0.8 58 B- 71.2 ProS Short Midcp400 11.9 58 D+ 29.0 PS DB Base Metals -4.7 58 B- 18.4 PS Div Achievers -5.3 58 C+ 63.9 PS FTSE RAFI US -11.5 57 C+ 75.0 IS MSCI South Korea -4.7 57 B 89.9 IS Russell 1000 Valu 36 Mos Preformance Rating Fund

SKF DBE RSX USO DBO GUR UNG GSG DIG

VTI 1.8 138.35 DIM 2.8 64.58 EWI 4.8 31.05 EWU 3.7 22.99 IVV 2.0 139.11 SPY 1.8 138.97 BSR 3.9 34.29 FXB 4.3 195.55 MVV 0.6 75.89 PZA 4.1 24.21 XLG 2.3 102.66 JNK 8.8 45.76 DLS 2.2 63.02 BBH .. 164.31 IYR 4.4 68.40 IYK 1.9 59.82 IBB .. 77.42 IWO 0.5 77.51 IWS 1.0 138.46 JSN10.1 16.46 PWC 0.1 48.49 RSP 1.4 45.56 VB 0.0 66.06 DPO12.1 16.51 BEO12.7 17.37 PFF 6.3 44.86 WPS 1.6 46.35 MYY 2.2 59.22 DBB .. 24.51 PFM 1.9 15.96 PRF 0.1 55.03 EWY 0.6 57.25 IWD 2.6 76.48

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

2008 12 Wk 5 Yr Net E Ltd Trm Gvt + 1 +1 9.91 –.02 % % After Asset NAV E LtdTrmCAMun + 1 0 .. 3.42 +.01 Chg Chg Tax Rtn Value Chg D+Main Street – 5 + 5 +52 34.91 –.22 D+MainSt Opp – 5 + 5 +68 13.06 –.07 Nuveen Cl C C–MainStSC – 5 + 4 +84 18.80 +.03 $ 2.4 bil 800–257–8787 – 6 + 4 +60 18.63 –.10 E Hi Yld Muni – 5 – 3 +15 19.32n +.06 D–Mid Cap 0 + 6 .. 11.44 –.03 E LtdTrmMuni + 1 0 10.64n +.02 D ModerateInv – 5 – 3 +18 10.41 +.02 E NWQ MltVal – 8 + 1 +70 19.80n –.09 E NJ Muni E PA Muni – 2 – 1 +19 11.71 +.04 Nuveen Cl R B+RealEstate + 5 + 11 .. 20.48 –.15 $ 6.2 bil 800–257–8787 – 3 + 5 +67 17.14 –.09 E HiYldMuniBd – 4 – 3 +17 19.34n +.06 B RisingDivs – 5 + 5 .. 17.81 –.07 E Insur Muni 0 0 10.48n +.03 B–SelectVal – 5 + 3+125 34.77 +.04 E IntmDurMun + 1 0 +10 8.84n +.03 B+Sml Mid Val + 3 + 3 +37 4.43 +.01 D–NWQ MltVal – 8 + 1 +77 20.20n –.09 C–Strat Inc + 2 + 2 +11 9.60 –.01 E NYInsurMuni 0 0 +10 10.12n +.03 E US Govt – 4 + 6 +82 24.37 –.09 A–TrdIntlVal + 1 + 6+158 32.39 –.22 C Value Oppenheimer B TrdwndValOp – 3 + 1 .. 29.71 –.09 $ 8.1 bil 888–470–0862 Oak Associates D+ActiveAlloc – 3 + 5 .. 11.47n –.05 $ 513 mil 888–462–5386 – 4 + 8 +53 44.76n –.32 D–WhtOakSelGr –10 + 2 +31 33.35n –.16 D+Cap Apprec E Cap Income – 1 + 3 +34 11.07n –.02 Oakmark I A+Dev Mkt – 3 + 5+354 46.76n –.32 $ 30.1 bil 800–625–6275 – 7 + 1+126 28.77n –.22 B+Equity & Inc + 4 + 5 +76 27.88n –.07 B–Glob Opport – 6 + 5+114 63.53n –.55 Glob Sel – 5 + 2 .. 9.71n –.12 B Global + 6 + 4+289 36.24n –.26 B+Global – 2 + 7+124 23.58n –.20 A+Gold&SpMin C–Intl Bond + 5 + 3 +51 6.61n +.04 B Intl – 6 + 6+109 19.78n –.25 – 5 + 5 +48 33.77n –.22 B+Intl Sm Cap – 1 + 10+148 15.06n –.05 D Main Street – 5 + 5 +62 12.48n –.07 D–Oakmark – 2 + 2 +45 39.41n –.11 D MainSt Opp – 5 + 4 +77 17.25n +.02 E Select – 1 + 3 +28 25.13n +.06 D+MainStSC B Sml Mid Val – 6 + 3+115 30.46n +.03 Oberweis Funds D Strat Inc + 3 + 3 +33 4.45n +.01 $ 612 mil 800–323–6166 Oppenheimer N ChinaOppor –24 – 2 .. 22.15n +.01 $ 3.7 bil 888–470–0862 Old Mutual Advisor C–Cap Apprec – 4 + 8 +57 48.62n –.35 $ 2.7 bil 800–433–0051 A+Develop Mkt – 3 + 5+359 46.31n –.31 D–AnlyDefEq C – 3 + 4 .. 12.54 –.08 – 6 + 5 .. 68.07n –.59 D AnlyDefEqA – 3 + 4 .. 12.82 –.08 B+Global + 5 + 3 +53 6.62n +.05 A–Growth Z – 5 + 5 +79 26.83n .. C–IntlBond D Main Street – 5 + 5 +50 34.36n –.22 Old Westbury C–MainStSC – 5 + 4 +81 18.33n +.03 $ 6.5 bil 800–607–2200 – 5 + 3+121 33.79n +.04 A GlobalSmall – 4 + 5 .. 12.52 –.02 B+Sml Mid Val + 3 + 3 +35 4.44n +.01 B Intl – 6 + 5+109 11.69n –.11 D+Strat Inc – 4 + 6 +79 23.87n –.09 C–LargeCapEq – 2 + 4 +51 14.41n –.07 C–Value Oppenheimer Y B–Mid Cap Eq – 5 + 5 +53 14.46n –.03 $ 11.1 bil 888–470–0862 E Muni Bond + 2 0 +10 11.36n +.03 Real Return + 8 + 2 .. 14.18 .. C+Capital Apprec – 3 + 8 +62 51.27n –.37 ChampionInc 0 + 9 .. 8.61 –.04 Olstein A–ComStrTotRt +29 + 25+118 9.76n +.17 $ 1.2 bil 800–799–2113 + 1 + 4 +13 10.03n –.01 E AllCapValC – 9 0 +48 12.84n –.08 E Core Bond DevelopMkts – 3 + 5 .. 47.33n –.31 D–AllCpValAd – 9 0 +54 14.09n –.09 B+Global – 5 + 5+123 68.94n –.60 Oppenheimer A B GlobOpport – 7 + 1+138 30.88 –.23 $ 89.2 bil 888–470–0862 + 6 + 3 .. 6.64 +.05 C–ActiveAlloc – 3 + 5 .. 11.58 –.05 C+IntlBond IntlGr – 4 + 6 .. 29.76n –.18 E AMT Fr Muni – 4 –3 8.38 +.03 IntlSmCo –11 + 1 .. 23.81 –.18 E AMT Free NY – 2 0 +17 12.10 +.05 + 1 +2 9.91n –.01 D–Balanced – 3 + 4 +39 12.88 –.03 E Ltd Trm Gvt – 5 + 5 +54 35.06n –.22 E CA Muni – 7 – 4 +12 9.49 +.03 C–Main Street – 5 + 5 +71 13.28n –.07 C Cap Apprec – 4 + 8 +60 49.60 –.36 C–MainStOpp D–Cap Income – 1 + 3 +38 11.21 –.02 C MainStSmCp – 5 + 4 +89 19.70n +.02 + 5 + 11 .. 20.56n –.15 E Champ Inc – 1 + 9 +20 8.61 –.04 B+RealEstate + 2 + 2 +12 9.64n –.01 A–ComStrTotRt +29 + 25+115 9.69 +.16 D–USGovt – 4 + 6 +84 24.91n –.09 D–ConsrvInv + 2 + 6 .. 11.12 –.02 C+Value Oppenhmr C&M C Conv Secs – 2 + 2 +36 14.27 –.02 $ 16.1 bil 888–470–0862 E Core Bond 0 + 4 +12 10.04 –.02 – 3 + 5 .. 11.46n –.04 A+Develop Mkt – 3 + 5+366 47.32 –.31 D+ActiveAlloc – 5 –4 8.34n +.03 B Discovery – 8 + 5 +71 52.89 +.11 E AMT Free C – 7 –4 9.47n +.03 B–Equity – 4 + 7 +60 9.94 –.05 E CA Muni C – 1 + 8 +17 8.60n –.04 D EquityInc – 5 + 2 +62 23.04 –.08 E ChmpInc C C+EquityInv – 5 + 5 .. 12.22 –.07 A–ComStrTotRt +29 + 25+108 9.44n +.15 0 + 4 10.05n –.02 B Glob Opport – 7 + 1+135 30.65 –.23 E Core Bond C – 4 + 8 +54 44.39n –.32 B+Global – 5 + 5+120 68.59 –.59 C–Cp Apprc C A+Gold&SpMin + 7 + 4+302 37.95 –.27 A+Devlp Mkt C – 3 + 5+353 46.01n –.31 C Intl Bond – 7 + 1+126 28.80n –.22 + 6 + 3 +58 6.64 +.05 B–Glob Opp C A Intl Growth – 4 + 6+189 29.85 –.18 B Global C – 6 + 5+114 64.64n –.57 A+Intl Sm Co –12 + 1+284 23.83 –.19 A+Gold&SpMin + 6 + 4+289 36.14n –.26 IntlDivers – 5 + 5 .. 12.96 –.08 C–Intl Bond C + 5 + 3 +52 6.61n +.04 E Ltd Muni – 1 – 1 +20 14.99 +.01 A Intl Gr C – 4 + 6+182 28.44n –.17

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Rating Chg Chg Tax% Value

“It has been essentially a one-way trip for yuan appreciation,” said Boris Schlossberg, a currency strategist at Forex Capital Markets. “But the unit is vulnerable to two factors: slowdown in global economic growth and political risk.”

BY TRANG HO

42

ProS Ultrashort Financial PS DB Energy MV Russia US Oil PS DB Oil Spdr S&P Emerging Europe US Natural Gas IS S&P GSCI Commodity ProS Ultra Oil & Gas

-0.08 -0.46 -0.15 -0.20 -0.97 -0.19 -0.19 -0.14 0.17 0.14 -0.77 -0.16 -0.52 -0.21 -0.49 -0.32 -0.02 0.31 -0.24 0.19 0.00 -0.21 0.14 0.14 -0.01 -0.20 -0.64 -0.32 -0.24 -0.11 -0.29 -1.45 -0.55

-26 -69 -73 -43 -16 -35 -56 -75 -25 39 10 -55 63 -46 -32 -60 -54 -28 1 23 -42 -55 -67 28 -35 93 9 -53 -69 -79 -41 -23 -9

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

IntlDiverC – 6 + 4 .. 12.83n –.08 A+IntlSmCo C –12 0+272 22.83n –.18 E Ltd Muni C – 1 – 1 +17 14.95n +.02 E LtdTmGv C + 1 +1 9.89n –.02 D Main St C – 5 + 5 +48 33.62n –.22 D MainStOp C – 5 + 5 +63 12.55n –.06 D+MainStSCC – 5 + 4 +77 17.34n +.03 D ModerateInv 0 + 6 .. 11.30n –.03 E NJMuni C – 5 – 3 +15 10.42n +.02 E PA Muni C – 2 – 1 +16 11.69n +.04 B SmlMidVal C – 6 + 3+115 30.46n +.03 D Strat Inc C + 2 + 3 +34 4.42n .. C–Value C – 5 + 5 +76 23.31n –.09 Oppenhmr Quest $ 6.5 bil 888–470–0862 E Bal B – 5 – 2 +27 14.56n –.08 E Bal C – 5 – 1 +27 14.57n –.08 E Bal Val A – 5 – 1 +31 14.88 –.09 C+Intl Val A – 8 + 6 +81 19.07 –.20 C+Opp Val A + 1 + 5 +51 28.32 .. Oppenhmr Roch $ 20.4 bil 888–470–0862 E LtdTrmNY A + 1 0 +16 3.29 +.01 E LtdTrmNY B 0 0 +13 3.28n .. E LtdTrmNY C 0 0 +13 3.28n +.01 E Muni A – 2 – 1 +20 16.99 +.05 E Muni C – 2 – 1 +17 16.97n +.06 E Municipals B – 2 – 1 +17 16.98n +.06 E NatlMuni A –11 – 8 +15 9.49 .. E NatlMuni B –11 – 8 +12 9.52n .. E NatlMuni C –11 – 8 +12 9.47n .. Optimum C $ 818 mil 800–914–0278 E Fixed Inc 0 0 .. 8.98n +.01 D Lrg Cap Val – 5 + 2 .. 11.56n –.06 D+Lrg Cp Grow – 7 + 4 .. 11.65n –.04 Optimum Instl $ 2.3 bil 800–914–0278 E Fixed Inc + 1 + 1 .. 8.97n +.01 A Intl Equity – 3 + 8 .. 14.81n –.12 C–Lrg Cap Val – 5 + 2 .. 11.68n –.06 C Lrg Cp Grow – 6 + 4 .. 12.24n –.05 Osterweis Capital $ 486 mil 866–236–0050 D+Osterweis – 3 + 2 +74 25.95n –.06

—P—Q—R— Pacific Cap Inst $ 1.7 bil 800–258–9232 HgCrFxInY + 2 + 1 +10 11.00n +.01 Intl Stock – 2 + 8+136 13.25n –.09 Small Cap – 8 + 3 +86 13.95n +.02 Tax Fr + 3 + 1 10.09n +.02 Pacific Life Funds $ 2.2 bil 800–722–2333 D–Mgd Bond A + 4 + 1 +18 10.76 .. D+OptMod C – 2 + 3 .. 11.81 –.04 C–OptModA – 1 + 3 .. 11.91 –.03 C+OptModAggrA – 3 + 4 .. 12.31 –.05 C OptModAggrC – 3 + 4 .. 12.18 –.05 Parnassus $ 1.2 bil 800–999–3505 B Equity Inc – 1 + 4 +47 24.91n –.14 C Parnassus 0 + 5 +35 36.67n –.08 Pax World $ 2.5 bil 800–767–1729 C–Balance – 3 + 3 +53 24.58n –.08 Payden Funds $ 2.1 bil 800–572–9336 E Core Bond + 1 0 10.10n +.01 D–GNMA + 2 + 2 +12 9.92n –.01 D High Income + 2 + 5 +21 7.79 –.01 E Short Bond + 1 0 10.03n .. Permanent Port $ 2.6 bil 800–531–5142 B+Portfolio + 5 + 3 +85 37.79n –.12 Perritt Capital Mgmt

E A D E

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

21 -30.3 79 -12.2 16 -11.2 69 -8.6 31 -8.6 11 -7.4 11 -7.2 82 -7.1 57 -6.7

Yuan Revaluation Since the yuan was revalued, it has been tied to the value of a basket of currencies: the U.S. dollar, euro, Japanese yen, South Korean won and a smaller proportion of the British pound, Thai baht, Russian ruble, Australian dollar, Canadian dollar and Singapore dollar.

Div Close Vol % ’08 % Rel Acc 52-wk Symbol Yld Price Chg Chg Chg Str Dist high Fund

-3.5 57 B- 73.5 IS S&P Smcp 600 IJR 0.5 .. 55 B 27.1 Clymr/Alpha Chna SM HAO .. 3.4 55 B+ 104.3 ProS Ultsht MSCI EAF EFU 0.4 .. 55 B- 22.6 PS Preferred PGX 7.2 -10.2 54 B 38.5 IS S&P GSTI Network IGN .. -6.6 54 B+ 71.3 IS S&P GSTI Semcndct IGW 0.5 -2.2 54 B+ 19.3 Nvn Eqty Prem Adv JLA10.6 3.9 54 D+ 65.3 ProS Ultrshrt Dow30 DXD 1.7 -2.9 54 D- 30.2 PS Db G10 Currency DBV .. -2.2 54 B 63.6 VG Mid-Cp Value VOE 0.1 -1.6 54 D- 77.5 VG Sml-Cp Valu VBR 0.1 -2.4 54 B+ 61.6 WT Midcap Div DON 3.9 -6.4 53 B- 68.5 HT Internet HHH 0.0 -2.5 53 B 72.4 IS DJ US Cnsmr Svcs IYC 1.6 -7.9 53 C 14.1 IS MSCI Malaysia EWM 3.4 -5.2 53 D+ 85.7 IS Russell 2000 Indx IWM 0.6 -4.8 53 B- 117.0 IS Russell 3000 Val IWW 2.3 -15.4 52 C+ 27.6 Clymr/Alpha China RE TAO .. -1.1 52 C+ 88.3 ProS Short MSCI Emrg EUM 1.4 -6.5 51 A- 90.9 IS Mstar Large Value JKF 3.1 -8.3 51 B+ 20.1 Nasdq Prem Inc&Grw QQQX11.1 -3.4 51 B- 19.0 Nvn Eqty Prm Incm JPZ10.1 -9.5 51 C+ 102.8 ProS Ultra Dow30 DDM 1.5 -4.1 51 B+ 26.5 PS DB US $ Bullish UUP .. 2.0 51 A- 24.2 PS Dyn Banking PJB 0.1 -2.5 51 B- 17.8 PS Dyn Media PBS .. -6.6 51 C 19.9 PS Dyn Pharma PJP .. -0.5 51 B 19.9 PS Dyn Small Value PWY 0.4 7.6 51 B- 25.0 PS Financial Preferd PGF 7.0 -2.7 51 C+ 70.9 Spdr DJWil Intl RE RWX 2.0 -6.1 51 D+ 74.7 VG Value VTV 2.8 -6.2 51 C+ 63.5 WT Largecap Div DLN 2.5 -4.3 50 C 17.0 HT Broadband BDH 0.4 -3.1 50 B 85.7 IS Russell 2000 Val IWN 0.6

62.73 24.29 76.40 19.45 30.55 55.49 16.08 52.12 26.68 51.97 63.62 50.79 55.42 60.29 11.73 71.94 98.96 21.41 71.72 75.49 16.71 15.86 77.07 22.73 19.58 13.89 17.01 15.87 21.29 55.44 62.33 54.16 13.36 68.29

0.09 -0.21 1.08 0.05 -0.08 -0.01 0.12 0.68 -0.01 -0.11 0.08 -0.05 -0.07 -0.11 -0.07 0.23 -0.56 -0.49 0.46 -0.58 -0.13 0.01 -1.00 -0.15 -0.02 -0.15 0.00 -0.03 0.06 -0.37 -0.26 -0.39 -0.16 0.12

-69 -72 -81 23 -33 -80 11 -31 94 -80 -65 -85 -49 -90 -9 -37 -26 -84 -84 -48 -27 -21 -49 -5 -66 -29 -14 -60 12 -41 -56 -75 -88 -24

-6.1 50 B- 84.5 IS S&P 500 Value Ind -3.8 50 B 82.9 IS S&P Smcp 600 Valu -8.2 49 C+ 45.0 MV Nuclear Energy -10.1 49 B 28.0 PS DW Emg Mkt Ldrs -11.3 48 D+ 42.0 HT Telecom -3.8 48 B 19.9 Nvn Eqty Prem&Grw 4.7 48 B 66.9 ProS Short QQQ -3.7 48 B+ 20.2 PS Dyn Leis Ent -0.1 48 D+ 20.5 PS Dyn Retail -1.5 47 B- 40.7 Spdr Consmr Disc -17.0 46 B+ 28.8 Clymr/Clr Glb Exch -11.1 46 D+ 26.2 Clymr/Clr Glbl Timbr 3.0 46 B 63.0 ProS Ultra Real Est -12.1 46 C 101.5 ProS Ultra S&P500 -7.2 46 D+ 21.4 PS Dyn Mid Cap Value -3.4 46 D- 66.0 Spdr S&P Dividend -3.8 46 B 65.1 VG Cnsmr Disc -10.4 46 B- 64.0 VG Health Care -11.3 46 B 85.4 VG Telecm Svcs -11.3 46 B 56.5 WT Intl Real Estate -10.4 45 B 73.5 IS DJ US Healthcare -7.2 45 B+ 95.7 IS S&P Glbl Financls -9.6 45 D- 62.0 IS S&P Glbl Healthcr 4.9 43 C+ 94.0 ProS Ultsht Semicond -2.2 43 D 51.2 RX S&P EqW CnsrDis -10.9 43 D+ 37.9 Spdr Health Care 9.7 43 B 37.0 Spdr S&P Homebuildr -6.8 43 B 64.8 WT Div Top 100 -3.9 43 B- 59.7 WT Smallcap Div -12.0 41 B- 86.4 HT Pharmaceutical -12.5 41 C 35.2 IS DJ US Telecom -10.2 41 C+ 62.0 KBW Insurance -19.8 41 A 100.2 ProS Ultra Semicond -4.6 41 B- 76.6 ProS Ultrshrt MC400

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

$ 497 mil 800–331–8936 C Perritt Micro – 9 + 1+106 24.27n +.07 Phoenix A $ 6.1 bil 800–243–4361 D Balanced – 3 + 2 +32 13.63 –.03 E Cap Growth – 7 + 5 +32 16.12 –.02 A ForeignOpps – 6 + 4+158 27.26 –.03 D–Inc & Grow – 3 + 1 +32 8.83 –.02 E MultSecSht – 1 0 +10 4.54 .. B+RealEstSecs + 7 + 12+130 30.63 –.21 Phoenix Funds $ 1.5 bil 800–243–4361 ForeignOppI – 6 + 4 .. 27.29 –.04 C+MidCapVal A + 1 + 6+120 23.60 –.02 Phoenix Insight I $ 1.4 bil 860–403–5000 E Sh Intmd Bd + 1 0 10.01n .. B Val Eqty – 4 + 4 +86 13.28n –.04 PIMCO A $ 25.1 bil 800–426–0107 D All Asset + 2 + 2 .. 12.73 +.01 AllAsstAuth + 3 + 1 .. 10.98 +.02 A Commod RR +22 + 10+107 19.42 +.24 DevLocalMkt + 4 + 3 .. 10.88 +.03 C+Emrg Mkt Bd + 3 + 3 +41 10.79 .. D–ForBdUnhed + 9 + 5 .. 11.29 +.12 E FrgnBdHedg + 3 0 +13 10.41 +.04 D High Yield + 2 + 4 +27 9.50 –.02 E Low Dur + 2 0 +10 10.16 –.01 E LT US Govt + 3 + 1 +16 11.17 +.03 D–Real Return + 5 + 2 +23 11.36 +.04 E Short Term +1 0 9.87 –.01 D–Total Retrn + 4 + 1 +17 10.94 –.02 PIMCO Admin $ 30.6 bil 800–927–4648 A Commod RR +22 + 10 .. 19.47n +.25 ForBondUnhg + 9 + 5 .. 11.29 +.12 D High Yield + 2 + 4 +28 9.50n –.02 E Low Dration + 2 0 +11 10.16n –.01 D–Real Return + 5 + 2 +23 11.36n +.04 E Short Term +1 0 9.87n –.01 D–Total Retrn + 4 + 1 +18 10.94n –.02 PIMCO B $ 3.0 bil 800–426–0107 D–All Asset + 1 + 1 .. 12.64n +.01 A–Commod RR +22 + 10+102 19.23n +.25 D High Yield + 2 + 4 +24 9.50n –.02 E Real Rtrn + 5 + 2 +20 11.36n +.04 D–Total Retrn + 4 + 1 +15 10.94n –.02 PIMCO C $ 8.7 bil 800–426–0107 D–All Asset + 1 + 2 .. 12.63n +.02 A–Commod RR +22 + 10+102 19.21 +.25 D High Yield + 2 + 4 +24 9.50n –.02 E Low Dur + 2 – 1 10.16n –.01 E Real Return + 5 + 2 +20 11.36n +.04 D–Total Retrn + 4 + 1 +15 10.94n –.02 PIMCO D $ 10.3 bil 800–426–0107 D All Asset + 2 + 2 .. 12.75n +.02 A Commod RR +22 + 10+107 19.44n +.24 DevLocMkt + 4 + 3 .. 10.88 +.03 C+Emrg Mkt Bd + 3 + 3 +41 10.79n .. D High Yield + 2 + 4 +28 9.50n –.02 E Low Dur + 2 0 +10 10.16n –.01 D–Real Return + 5 + 2 +23 11.36n +.04 D–Total Retrn + 4 + 1 +18 10.94n –.02 PIMCO Instl $ 145 bil 800–927–4648 D All Asset + 2 + 2 +38 12.81n +.01 D AllAsstAuth + 4 + 1 .. 11.01 +.02 A Commod RR +22 + 10+111 19.59n +.25 DevLocalMkt + 4 + 3 .. 10.88 +.03 D Diverse Inc + 2 + 3 .. 10.90 –.01 B–Emrg Mkt Bd + 3 + 3 +43 10.79n .. E Float Inc – 3 0 .. 9.38n –.02

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

A13

China’s Yuan Ascends As Trade Surplus Rises

44

+0.18 as of 5/9/08 43

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

Neubg Brm Tr $ 6.6 bil 800–877–9700 A Genesis + 3 + 8+128 50.83n +.10 A–Intl – 2 + 10+165 22.67n –.12 B+Partners – 1 + 9+108 25.13n –.18 B–Soc Rspons Tr – 2 + 3 +73 17.95n –.11 New Covenant $ 1.8 bil 800–858–6127 D Bal Grwth – 4 + 2 +41 86.57n –.22 C–Growth – 5 + 4 +64 34.04n –.14 E Income – 2 – 1 24.35n .. A+† NewAltrntve – 7 + 10+145 53.34 –.41 B † NFJ Div Val – 3 + 4 +90 16.01n –.06 Nicholas Group $ 2.4 bil 800–227–5987 C Nichol II I – 1 + 5 +65 21.53n –.02 D–Nicholas – 4 + 2 +49 47.39n –.22 North Track $ 801 mil 800–826–4600 B Geneva Gr A b – 3 + 6 +92 19.22 –.09 D+NYSE100IdxA b – 5 + 5 +72 25.61 –.02 Northeast Inv $ 1.7 bil 800–225–6704 D–Trust 0 + 3 +27 7.09n .. Northern $ 17.6 bil 800–595–9111 BondIndex + 2 + 1 .. 10.17 .. EmergMktsEq – 3 + 6 .. 13.95 –.06 E Fixed Income + 1 + 1 9.78n .. GlbRlEstIdx – 1 + 5 .. 10.58 –.19 E GrowthEqty – 6 + 4 +37 13.74n –.08 D–Hi Yld Fx Inc – 1 + 3 +20 7.47n –.01 E High Yld Muni 0 – 1 +10 8.98n +.02 C+Income Eq – 3 + 2 +49 12.08n –.05 A–Intl Eq Idx – 3 + 8 .. 13.78 –.10 A Intl Growth Eq – 6 + 6+127 11.16n –.08 E Intmd Tax Ex + 1 0 10.13n +.02 E Lrg Cap Value – 6 + 2 +48 10.61n –.04 B Mid Cap Idx 0 + 8 .. 11.91n +.01 MltMgrIntEq – 2 + 6 .. 11.78 –.07 MltMgrMidCp – 4 + 5 .. 10.77 –.03 MltMgrSmlCp – 9 + 2 .. 9.29 +.02 ShInt Tx Ex + 2 0 .. 10.18 +.02 E ShInt US Gv + 2 0 10.25n .. C–Sm Cap Index – 6 + 3 +77 9.01n +.01 C–Sm Cap Val – 1 + 3 +86 13.76n +.02 C–Stock Index – 5 + 3 +59 17.16n –.11 E Tax Ex + 1 0 10.28n +.03 Northern Instl $ 2.1 bil 800–637–1380 E Bond A + 1 + 1 +13 19.65n +.01 E Core Bond A + 2 + 1 +11 9.82n +.01 C–Equity Index A – 5 + 3 +55 14.80n –.09 A Intl Growth A – 6 + 6+136 11.60n –.08 Nuveen Cl A $ 8.5 bil 800–257–8787 E All Am Mun 0 0 +11 10.56 +.05 E CT Muni + 1 0 +10 10.44 +.03 E Hi Yld Muni – 4 – 3 +17 19.33 +.06 E Insur Muni 0 0 10.50 +.03 E IntDurMuni + 1 – 1 +10 8.82 +.02 E KY Muni 0 0 +12 10.82 +.03 B Lrg Cap Val – 3 + 4 +69 24.27 –.16 E LtdTrmMuni +1 0 10.67 +.02 E MO Muni 0 0 +11 10.75 +.04 E NWQ MltVal – 8 + 1 +75 20.25 –.10 E NY Muni + 1 0 +12 10.58 +.03 E OH Muni + 1 0 +11 11.03 +.03 E TN Muni + 1 0 +12 11.15 +.04 A–TrdIntlVal + 1 + 6+157 32.23 –.22 TrdwdGlAlCp – 1 + 4 .. 24.35 –.15 TrdwndValOp – 3 + 1 .. 29.67 –.08 E VA Muni + 1 0 +13 10.65 +.04

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

0.07 -81 0.02 -19 -0.29 -71 0.11 -35 -0.08 -51 -0.10 -62 -0.07 -77 -0.05 -11 -0.22 -39 -0.16 -41 -0.33 -54 -0.25 -79 -0.28 -29 -0.21 -63 0.00 -70 -0.35 -43 -0.40 3 -0.06 -82 -0.07 -14 0.05 -51 1.04 -11 -0.20 -12 -0.30 -81 1.12 -55 -0.36 20 -0.54 -80 0.27 7 -0.08 -85 -0.04 -18 -0.08 -18 0.08 -25 -0.05 -46 -0.17 -34 -0.38 454 -0.35 -66 0.04 -20 0.03 -5 -0.61 -55 -0.22 0 -0.10 -56 -0.40 12 -0.66 48 0.00 -82 -0.06 208 -0.04 -47 -0.23 -34 -0.07 -40 -0.42 -64 -0.43 -62 -0.82 -9 -0.89 1 -0.18 -11 0.08 51 -0.02 -26 -0.01 -48 0.21 -59 -1.00 -19 0.00 -43 -0.03 -36 0.14 -44 -0.37 -47 -0.48 -13 -0.18 -74 0.27 -73 0.00 4 -0.21 -10 -0.11 -41 -0.49 -74 -0.78 -41 -0.29 -31 0.21 -40 0.34 -51 0.02 -14 -0.63 -85 0.12 -74 0.02 -33 -0.26 -41 -0.02 -57 -0.11 -10 -0.10 -30 0.05 -64 -0.08 -68 0.00 -93 -0.30 -53 -0.09 -55 0.24 -82 0.24 -59 -0.63 -39 0.19 -45 -0.14 38 0.06 -50 -0.10 -34 0.10 -40 -0.29 -49 -0.59 -37 -0.38 22 -0.40 -65 -0.70 -88 -0.21 -60 0.52 -41 -0.62 -65 0.30 -25 -0.48 -81 0.07 -46 -0.15 -55 -0.14 -53 0.19 -5 -0.25 -62

MONDAY, MAY 12, 2008

TOOLS AT INVESTORS.COM/ETF

Div Close Vol % ’08 % Rel Acc 52-wk Symbol Yld Price Chg Chg Chg Str Dist high Fund IVE IJS NLR PIE TTH JPG PSQ PEJ PMR XLY EXB CUT URE SSO PWP SDY VCR VHT VOX DRW IYH IXG IXJ SSG RCD XLV XHB DTN DES PPH IYZ KIE USD MZZ

2.6 0.2 5.9 .. 3.5 9.8 1.9 .. .. 0.5 0.1 0.4 1.9 0.9 1.4 3.7 0.9 1.5 3.0 4.5 1.3 3.8 1.9 1.0 1.4 1.7 1.0 4.2 4.4 3.2 2.6 1.5 1.0 2.2

71.74 67.37 32.67 22.77 33.67 16.48 55.70 15.23 15.66 32.20 22.33 21.55 35.52 72.76 17.03 53.17 51.16 54.29 66.73 43.79 63.29 74.07 52.71 59.00 38.17 31.47 21.22 52.38 46.63 69.69 25.82 47.40 56.91 52.33

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D–ForBondUnhg + 9 + 5 .. 11.29 +.12 E Foreign Bd + 3 0 +14 10.41n +.04 FundIdxPls – 5 + 1 .. 10.10n –.07 FundIdxPlTr – 3 + 2 .. 9.98 –.07 E Glbl Bd II + 3 0 +15 9.91n +.03 D–Global Bond + 7 + 3 +29 10.77n +.09 D High Yield + 2 + 4 +29 9.50n –.02 B+IntlStkPlus – 7 + 3 .. 11.27 –.14 D–Low Dur + 2 0 +11 10.16n –.01 D–Low Dur 2 + 2 0 +11 9.86n –.01 D–Low Dur 3 + 2 0 +11 10.07n –.02 D–LT US Govt + 3 + 1 +18 11.17n +.03 D–Mod Duration + 3 + 1 +15 10.34n –.01 D–MortBack + 2 + 2 +17 10.88n –.01 E Muni Bond 0 0 +10 9.84n +.02 E Real Asset + 5 + 2 +33 11.91 +.05 D–Real Return + 5 + 2 +24 11.36n +.04 B+RealEstRR +12 + 14 .. 6.31 –.03 E Short Term + 1 0 +10 9.87n –.01 C StocksPlRet – 3 + 4 .. 10.72 –.04 C–StocksPLUS – 4 + 2 +49 10.59n –.04 D–Tot Retn III + 3 + 1 +18 9.60n –.01 D–Total Ret II + 4 + 2 +18 10.45n –.02 D Total Retrn + 4 + 2 +19 10.94n –.02 Pioneer A $ 21.2 bil 800–225–6292 E AMTFrMuni 0 + 1 .. 13.36 +.05 E Bond + 2 + 2 +17 9.27 .. B CullenValue – 2 + 4+104 20.68 –.13 A+Emerge Mkts – 7 + 2+330 36.23 –.27 C Eqty Inc 0 + 5 +72 29.06 –.09 D Glob Hi Yld 0 + 4 .. 11.35 +.01 E Growth Opp – 8 + 3 .. 23.17 +.12 C–High Yield 0 + 5 +34 10.31 –.01 C+Independnc –10 + 2 +57 12.14 –.11 C Mid Cap Gr – 3 + 5 +61 15.60 –.08 D+Mid Value – 4 + 1 +79 21.26 –.07 D–Oak Lrg Gr – 7 + 3 +40 12.74 –.08 C+Oak Sml Gr – 4 + 5 +86 25.09 –.01 C+Pioneer – 3 + 3 +66 44.84 –.25 D–Sm Cap Val – 5 + 3 +69 22.34 +.07 D–Strat Inc + 3 + 3 +29 10.53 +.01 E Tax Fr Inc – 2 – 1 +10 10.80 +.03 E Value –11 – 3 +38 13.61 –.11 Pioneer B $ 2.0 bil 800–225–6292 D High Yield 0 + 4 +31 10.36n –.01 C–Pioneer – 3 + 3 +62 43.61n –.24 Pioneer C $ 3.1 bil 800–225–6292 B–CullenValue – 2 + 3 .. 20.44 –.12 D Glob Hi Yld – 1 + 4 .. 11.29 +.01 D High Yield 0 + 4 +31 10.47 –.01 C–Pioneer – 3 + 3 +62 43.08 –.24 D–Strat Inc + 2 + 3 +26 10.31 .. Pioneer Y $ 4.3 bil 800–225–6292 D–Bond + 2 + 2 .. 9.20 .. B CullenValue – 2 + 4 .. 20.78 –.12 C–High Yield 0 + 5 +35 10.29n –.02 A–Intl Equity – 5 + 7 .. 24.81 –.11 D+Mid Value – 4 + 1 +83 22.23n –.07 D–Oak Lrg Gr – 7 + 3 .. 12.86 –.09 C+Pioneer – 3 + 3 +70 44.99n –.24 Tax Fr Inc – 1 – 1 .. 10.74n +.03 PNC Funds $ 1.4 bil A–IntlEqtyI – 3 + 8+117 16.61n –.09 C+† PolarisGlbl – 2 + 4+118 17.11n –.15 A–† Portfolio21 – 4 + 5+106 34.45n –.27 Price Advisor $ 11.3 bil 800–638–5660 C+Blu Chp Gr – 7 + 5 +60 37.59n –.18 D+Equity Inc – 5 + 1 +61 25.89n –.09 B–Growth Stk – 6 + 5 +66 31.44n –.08 D–Intl Bond + 6 + 4 +30 10.53n +.09

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

00 S E E M O R E E T F S C R E E N S A N D

-0.52 0.08 0.09 -0.12 -0.20 0.00 0.09 0.04 0.10 -0.19 -0.17 -0.30 -0.44 -0.31 -0.09 -0.17 -0.18 -0.28 -0.35 -0.66 -0.28 -1.08 -0.22 -0.40 -0.03 -0.03 -0.07 -0.34 0.09 -0.46 0.02 -0.41 -0.05 -0.27

-39 -24 -28 -88 -81 23 -55 -77 -39 -41 -98 -65 -32 -32 -55 -27 -81 -68 33 -52 -63 5 -51 8 -96 -49 -26 -58 -68 -49 -30 51 -59 -42

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B+Mid Cap Gr – 3 + 7+103 55.59n –.02 B–Mid Cap Val – 2 + 2 +90 21.92n –.04 B–Retire 2030 – 4 + 4 .. 18.26n –.06 C+Sci & Tech – 1 + 13 +64 23.09n –.07 B–SmlCapVal – 1 + 4 +94 35.28n –.03 E Tax Fr Inc + 1 0 +11 9.79n +.03 C–Value – 4 + 2 +75 24.76n –.09 Price Funds $ 242 bil 800–638–5660 Afrc&MidE + 9 + 10 .. 14.05n +.02 C–Balanced – 2 + 4 +51 20.01n –.07 C+BlueChip Gr – 7 + 5 +61 37.59n –.17 E CA Tax Fr Bd + 1 0 +10 10.74n +.03 C Cap Opport – 4 + 4 +67 15.59n –.08 C+CapApprc 0 + 4 +70 19.99n .. E Corp Income 0 + 1 +15 9.35n .. C Dividend Gr – 4 + 3 +61 24.11n –.11 B–EmergMktBd 0 0 +53 13.02n –.01 A+EmMktsInstl – 7 + 3+350 36.54n –.25 A+EmrgEur&Med – 5 + 4+387 35.65n +.03 A+EmrgMktStk – 6 + 3+360 40.50n –.29 C–Equity Inc – 5 + 1 +62 25.95n –.10 C–Equity Index – 5 + 3 +59 37.29n –.24 D+EquityIncR – 5 + 1 +59 25.85n –.10 A Euro Stk – 4 + 8+119 18.96n –.06 B–ExtEqMktIx – 3 + 4 +99 15.42n .. E FinanclSvc – 9 + 1 +33 15.60n .. A+Global Stock – 2 + 7+146 24.76n –.16 D–GNMA + 2 + 2 +12 9.54n –.01 C–Growth & Inc – 4 + 4 +52 21.16n –.09 B–Growth Stk – 6 + 5 +68 31.71n –.08 C+GrowthStk R – 6 + 5 +64 31.23n –.09 A–Health Sci – 8 – 2 +91 26.10n –.02 D–Hi Yld Adv 0 + 5 +25 6.56n –.01 D High Yld 0 + 5 +26 6.57n –.01 D High Yld Ins 0 + 4 +23 9.50n –.01 D–InflProtBd + 4 + 2 +24 11.64n +.03 InstFltRt .. + 5 .. 10.22n –.02 D–Intl Bond + 6 + 4 +31 10.55n +.09 A Intl Eq Idx – 3 + 8+142 15.29n –.11 A Intl Gr&Inc – 4 + 8+149 17.00n –.13 A Intl Stock – 3 + 8+117 16.31n –.10 A+IntlDiscov – 6 + 5+223 45.74n –.23 A IntlGrIncAv – 4 + 8+148 16.99n –.13 D Japan – 2 + 8+115 10.21n –.16 A+Latin Amer + 7 + 12+612 57.67n –.08 C LgCpGrInstl – 5 + 6 +62 14.85n –.07 C LrgCapVal I – 4 + 3 +74 14.06n –.06 E MD Tax Fr Bd + 1 0 10.29n +.03 A+Media&Telcm – 8 + 5+203 44.74n –.07 B+Mid Cap Gr – 3 + 7+105 56.22n –.02 B–Mid Cap Val – 2 + 2 +93 22.04n –.04 A–MidCapEqGrI – 3 + 7+106 25.07n –.01 C+MidCapVal R – 2 + 2 +89 21.72n –.04 B–New Amer Gr – 1 + 8 +64 31.60n –.12 A+New Asia –20 – 6+325 17.30n –.25 A+New Era +10 + 18+280 67.57n –.20 D–New Income + 2 + 2 +16 9.12n .. C NewHorizns – 6 + 5 +90 28.70n +.04 E NJ Tax Fr Bd + 1 0 +10 11.41n +.03 E NY Tax Fr Bd + 1 0 +11 11.09n +.03 OverseasStk – 5 + 8 .. 10.27n –.08 D+PersnlStrIn – 1 + 3 +45 15.42n –.03 C+PersonlStrGr – 4 + 4 +73 23.44n –.09 C PrsnlStrBal – 3 + 3 +58 18.67n –.06 B Real Estate + 7 + 11+122 20.36n –.14 C+Ret2020 Adv – 3 + 4 .. 17.14n –.05 C–Retire 2005 – 1 + 3 .. 11.65n –.03 C Retire 2010 – 2 + 3 .. 15.83n –.05 C Retire 2010 – 2 + 3 +58 15.90n –.05 C+Retire 2020 – 3 + 4 +69 17.22n –.06 B–Retire 2030 – 4 + 4 +79 18.35n –.07 B–Retire 2040 – 4 + 4 .. 18.37n –.07 B–Retire 2040 – 4 + 4 +79 18.47n –.06 Retire 2045 – 4 + 4 .. 12.24n –.05 D+Retire Inc 0 + 3 +38 13.10n –.03

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Div Close Vol % Symbol Yld Price Chg Chg

-4.6 41 E 29.6 PS Dyn Cnsmr Discr -14.3 41 C+ 32.7 PS Dyn Healthcare -8.2 39 C+ 75.8 IS DJ Select Dividnd -10.2 39 B- 62.0 IS Russell Microcap 8.7 39 C+ 82.0 ProS Ultrashrt Tech -9.8 39 C 18.8 PS Lux Nanotech -3.3 39 B 45.5 Spdr S&P Retail -7.9 39 B 61.7 WT High-Yld Eqty -21.0 36 C+ 152.0 ProS Ultrshrt Rl Est -7.8 35 B+ 165.5 HT Regional Bank -19.4 35 B 72.9 KBW Capital Markets -11.5 35 D- 19.2 PS Zacks Micro -9.4 34 B- 121.7 IS DJ US Finl Indx -14.1 34 B 81.6 ProS Ultra Russ2000 -7.7 34 E 29.4 PS Listed Priv Eq -9.6 34 B 67.6 VG Financials -21.8 32 E 64.7 IS DJ US Hlth Prvdr 6.0 32 D 57.8 ProS Ultrashort QQQ -19.7 31 D+ 58.5 IS DJ US Broker Idx 7.0 31 C 38.9 IS DJ US Home Const -5.1 31 B 51.6 IS DJ US Region Bks -20.7 31 C+ 30.5 PS Dyn Health Servcs -8.2 30 C 106.3 ProS Ultsht MSCI Emr -10.4 30 B+ 38.1 Spdr Financial -10.5 29 C+ 137.1 IS DJ US Fincl Svcs -7.9 29 C+ 59.1 KBW Bank -10.0 28 D 48.6 KBW Regionl Bankng -11.4 24 C 122.0 ProS Ultsht FTSE/Xin -16.6 23 B- 16.2 PS Hi Yld Eq Div -27.6 21 D+ 6.0 HT Internt Infrastr -23.3 16 C+ 73.0 ProS Ultra Financial -17.7 11 C+ 58.8 ProS Ultrshrt Oilgas -24.8 11 D 72.2 ProS Ultsht BascMatl -81.8 1 E 17.0 Clymr MacroShr OilDn

PEZ PTH DVY IWC REW PXN XRT DHS SRS RKH KCE PZI IYF UWM PSP VFH IHF QID IAI ITB IAT PTJ EEV XLF IYG KBE KRE FXP PEY IIH UYG DUG SMN DCR

.. 22.56 .. 25.77 4.6 59.19 0.4 47.40 1.0 58.47 .. 14.14 0.6 32.44 4.4 48.94 1.9 87.52 4.7 121.32 0.9 53.93 .. 13.61 2.1 85.31 0.5 52.00 4.7 20.34 2.4 47.61 .. 49.46 2.7 40.27 0.3 41.08 1.6 18.86 2.7 35.68 .. 23.47 1.1 67.05 3.0 25.92 3.1 91.44 4.1 40.10 .. 33.37 0.9 68.11 5.4 11.10 .. 4.02 1.3 31.88 1.0 29.61 1.5 30.55 3.8 1.83

0.00 -30 0.13 -46 -0.38 -63 0.24 73 0.48 -33 0.14 -47 0.06 -41 -0.43 -68 0.78 -27 -0.56 -63 -0.22 -9 -0.02 -46 -0.75 -37 0.61 -52 0.00 -8 -0.39 -65 0.03 -46 0.03 -29 -0.15 -54 -0.27 -28 -0.13 -77 0.00 -84 0.96 -34 -0.07 -12 -0.64 -37 -0.21 0 -0.23 46 2.20 -21 -0.03 -48 0.13 176 -0.21 -6 0.18 63 0.70 -4 -0.12 103

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

C–Retire2010R – 2 + 3 .. 15.75n –.05 C+Retire2015 – 2 + 4 .. 12.35n –.04 C Retire2020R – 3 + 4 .. 17.04n –.06 B–Retire2025 – 3 + 4 .. 12.74n –.04 B–Retire2030R – 4 + 4 .. 18.17n –.07 B–Retire2035 – 4 + 4 .. 12.99n –.05 C+Sci & Tech – 1 + 13 +65 23.13n –.08 B–Sm Cap Value – 1 + 4 +95 35.49n –.03 D SmCapStk – 6 + 3 +65 28.52n +.02 D SmCapStkAd – 6 + 3 +64 28.35n +.03 D+SmCapStkIn – 6 + 3 +66 11.14n +.01 B Spectrum Gr – 5 + 4 +90 20.01n –.08 D Spectrum Inc + 1 + 2 +29 12.07n .. A Spectrum Intl – 4 + 7+145 14.12n –.10 E ST Bond + 2 + 1 +10 4.76n .. E Summit Muni + 1 0 +13 10.84n +.03 E SumtMunInt + 1 0 +11 10.91n +.02 E Tax Fr Inc + 1 0 +12 9.78n +.03 C TotEqMktIdx – 4 + 3 +69 15.14n –.07 E Tx Fr Hi Yld 0 0 +14 11.20n +.03 E Tx Fr Sh Intm + 2 0 5.39n .. D–US Bond Idx + 2 + 1 +13 10.66n –.01 D–US Treas LT + 2 + 1 +17 12.05n +.02 D–US Trs Intm + 4 + 1 +13 5.67n .. E VA Tax Fr Bd + 1 + 1 +10 11.35n +.03 C–Value – 4 + 2 +76 24.95n –.09 PRIMECAP Odyssey Fun $ 940 mil 800–729–2307 B–AggrGrowth – 9 0 .. 12.94 –.01 B–Growth – 5 + 2 .. 13.80 –.04 C+Stock – 4 + 1 .. 13.57 –.08 Principal Funds $ 58.2 bil 800–247–4123 D+Balanced A – 2 + 3 +49 14.19 –.04 E Bd & Mtg In – 2 – 1 10.01n .. E Bd & Mtg J – 2 – 1 10.06n .. E CA Muni A –1 0 10.32 +.04 D DiscLgBlndA – 6 + 4 +42 14.27 –.08 C–DiscLrgInst – 6 + 4 .. 14.26n –.08 A+DivrsIntl J – 4 + 8+152 13.21n –.07 A+DivrsIntlIn – 4 + 8+157 13.32n –.07 Eq Inc A – 7 + 1 .. 19.19 –.12 Eq Inc B – 7 + 1 .. 19.01 –.12 Eq Inc C – 7 + 1 .. 18.84 –.12 E GovHiQBdA 0 0 9.95 .. B–HighYield A + 1 + 3 +46 8.15 –.01 HiYieldInst + 1 + 4 .. 10.26n –.01 InflProt In – 2 – 3 .. 8.80 +.04 A+Intl A – 4 + 8+203 13.34 –.07 A+Intl Em Mkt A – 4 + 5+283 29.07 –.16 A Intl Gr Ins – 3 + 8+140 12.57n –.07 A+IntlEmMkt J – 4 + 5 .. 28.12 –.16 D–Lg Val A – 4 + 3 +48 11.14 –.07 D+Lg Val Inst – 4 + 3 +58 11.14n –.07 D LgS&P500 J – 5 + 3 .. 9.66 –.06 C Life 2040 I – 4 + 5 .. 13.54 –.06 C Life 2040 J – 4 + 4 .. 13.48 –.06 C+Life 2050 I – 4 + 5 .. 13.09 –.06 E LifeStrIncI – 2 0 .. 11.64 .. B+Lrg Gr A – 7 + 5 +74 8.89 –.04 B+Lrg Gr Inst – 6 + 5 +75 8.93n –.04 D–LT 2010 In – 3 + 2 +42 12.52n –.04 D–LT 2010 J – 3 + 2 .. 12.47 –.03 D LT 2020 In – 3 + 4 +52 13.21n –.04 D LT 2020 J – 3 + 4 +50 13.16n –.04 C–LT 2030 Instl – 3 + 4 +59 13.22n –.05 D+LT 2030 J – 4 + 4 +56 13.19n –.06 C+MidCpBlndA + 1 + 6 +76 13.96 –.03 C+MidCpBlndJ + 1 + 6 .. 13.59 –.02 E Pref Secs I + 5 – 1 .. 9.64 +.02 A PtrIntl Ins – 4 + 7 .. 15.22n –.12 D+PtrLgBl Ins – 4 + 4 +51 10.28n –.05 C–PtrLgGrI In – 5 + 6 +47 8.14n –.04 B–PtrLgGrII I – 4 + 7 .. 8.58 –.05 PtrLgValIII – 6 + 2 .. 10.14 –.06

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Mutuals continued on A14 2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value


A14

MONDAY, MAY 12, 2008

INVESTORS.COM

INVESTOR EDUCATION IBD’S 20 RULES FOR INVESTMENT SUCCESS

INVESTOR’S CORNER

Know At Which Price You’ll Buy Ahead Of Time BY VINCENT MAO

Companhia Siderurgica

INVESTOR'S BUSINESS DAILY

Just writing names on a watch list isn’t enough. When the market is in buying mode, you need to have a specific plan of attack. That means knowing the proper buy points for the stocks on your hit list ahead of time. This way you can set up an alert and buy quickly. By the time you see a leading stock breaking out, it may be already extended. It’s best, and much less risky, to buy when a stock is still within 5% of its proper buy point. In most cases your buy points are 10 cents above a certain high. For a cup-shaped base, the buy point is 10 cents above the prior high, or the start, of the cup. In a cup with handle, the buy point is 10 cents above the high of the handle. For more on finding proper buy points,check the chart lessons in the Learning Center at Investors.com After a breakout, leading stocks may be bought as they rebound from the first or second tests of their 10-week moving average. The buying range extends to 5% past the high set before the pullback. Brazilian steel producer Companhia SiderurgicaSID looked to be shaping a cup base last month. But a look at the daily chart shows a clear handle with a 41.35 buy point, or 10 cents above the April 9 high í˘ą. The handle formed on light trade — a positive sign í˘˛. Exact buy points on stocks rebounding off 10-week moving averages are tougher to nail down. But there are two ways to trade them. You can buy once the stock bounces off the line. Or you enter as the stock rises 10 cents above the high set just prior to the pullback. Either way, you want to see quiet trade as the stock dips, and surging volume as it climbs.

SID 46.46

Steel-Producers 0.21

40

20 Gains in above-average volume indicate demand from professionals

Volume 1,800,000 600,000 200,000

October ’07

9 November

EPS Rating Group RS Rating SMR Rating Acc/Dis Rating Composite Rating Timeliness Rating Sponsorship Rating P/E Ratio Return on equity Debt to equity

MUTUAL FUND PERFORMANCE Continued from A13 36 Mos Preformance Rating Fund

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

PtrLVa I In – 4 + 3 .. 12.87 –.06 D–PtrLVa Inst – 6 + 1 +54 12.72n –.10 PtrMdGr In – 6 + 6 .. 10.50n +.01 C–PtrMdGrI In – 2 + 6 .. 11.21 –.03 D PtrMdVal In – 4 + 4 +75 12.80n –.03 B–PtrMdValI I 0 + 6 .. 12.67 –.03 PtrMGII Ins – 7 + 4 .. 9.70n –.02 PtrSGIII In –11 + 2 .. 10.12 +.02 D+PtrSmGrII I – 8 + 4 +68 8.24n .. D–PtrSmVaI In – 4 + 2 .. 14.76 +.01 D–PtrSmVaII I – 5 + 1 .. 9.68 +.01 B Real Est I + 6 + 11 .. 17.04 –.14 D+Sml Val Ins – 3 + 5 .. 15.62 –.01 D–SmlS&P600 I – 4 + 3 .. 15.59 –.01 D StrAsBal C – 3 + 3 +45 14.07n –.04 D StrAsConBlA – 1 + 2 +35 10.93 –.02 D–StrAsConBlC – 1 + 2 +32 10.86n –.02 C–StrAsConGrB – 4 + 4 +58 15.50n –.05 C–StrAsConGrC – 4 + 4 +58 15.37n –.05 D–StrAsFlxInA 0 + 2 +23 11.33 –.01 E StrAsFlxInB 0 + 2 +20 11.31n –.01 C+StrAsStrGrA – 5 + 4 +75 17.74 –.08 C–StrAsStrGrB – 5 + 4 +69 16.77n –.08 C–StrAsStrGrC – 5 + 4 +68 16.81n –.07 D StrAstBal B – 3 + 3 +46 14.15n –.04 C StrAstCnGrA – 4 + 4 +63 16.07 –.05 TxExmptBdIA 0 0 .. 7.19 +.02 ProFunds Inv $ 1.8 bil 888–776–3637 B+UltNdq100 –15 + 18+105 27.98n –.19 E UltrShorSml + 5 – 10 .. 14.00n –.04 Prudent Bear Fds $ 1.6 bil 800–711–1848 D Bear 0 –5 6.25n +.01 C Glob Inc + 6 + 3 +37 13.60n +.08 Purisima Funds $ 457 mil 800–841–0199 B+Total Return – 2 + 8 +85 23.34 –.18 Putnam A $ 55.2 bil 800–225–1581 E AmerGovtInc + 2 0 +11 9.23 –.01 C Asset All Gr – 4 + 3 +75 13.84 –.05 D Asst All Bal – 2 + 2 +45 12.02 –.04 E AstAlloCns – 1 + 1 +25 9.53 –.02 E CA Tax Ex 0 0 7.85 +.02 D–Capital Appr – 6 + 4 +46 18.71 –.06 D Capital Opps – 3 + 3 +63 9.33 +.04 E Classic Eq – 9 + 1 +29 11.78 –.05 B–Conv Inc&Gr + 1 + 3 +60 20.09 –.05 C Discovry Gr – 7 + 4 +59 20.83 –.04 E Diversifd Inc – 2 + 3 +19 9.46 –.01 C Equity Inc – 4 + 2 +60 15.42 –.10 A Europe Eq – 4 + 9+123 25.22 –.15 E Float Inc – 1 + 7 .. 9.22 –.01 B Glob Eqty – 7 + 3 +86 10.87 –.07 A+GlobNatRes + 8 + 17+224 34.65 –.32 E Gr & Inc – 7 + 1 +34 14.49 –.10 E Grge Fd Bos – 4 0 +29 15.30 –.06 D Growth Opp – 6 + 5 +31 14.55 –.06 D+Hi Yld Adv + 1 + 5 +36 5.93 .. D High Yield + 1 + 5 +31 7.62 –.02 E Hlth Science – 6 – 4 +25 48.67 –.18 E Income 0 – 1 +11 6.58 –.01 A–Intl Equity – 4 + 7+106 26.43 –.20 A–Intl Gr&Inc – 4 + 8+128 13.52 –.09 A IntlCapOpps – 2 + 8+192 37.72 –.38 A IntlNewOpp – 5 + 6+131 17.95 –.08 E Investors – 7 + 5 +49 13.56 –.07 E MA Tax Ex + 1 + 1 +11 9.33 +.03 C Mid Cap Val – 3 + 4 +74 12.30 +.02 D+New Opport – 5 + 6 +61 49.79 –.12 E New Value –10 – 1 +47 14.03 –.07 E NY Tax Ex + 1 + 1 +11 8.47 +.02 B OTC Emg Gr – 7 + 4 +73 9.38 .. E Research – 7 + 3 +42 15.04 –.08 E Sm Cap Val – 7 0 +62 10.46 +.01 D–Sml Cap Gr –10 + 3 +65 17.71 +.06 E Tax Ex Inc + 1 0 +11 8.55 +.03 E Tax Fr Insur +1 0 14.62 +.04 E Tx Fr Hgh Yld – 1 – 1 +14 12.21 +.02 E US Govt Inc + 2 0 +13 13.49 –.04 A–Util Gr&Inc – 4 + 3+124 15.34 +.01 D Vista – 4 + 7 +73 11.20 –.01 D–Voyager – 6 + 5 +35 18.14 –.06 Putnam B $ 6.9 bil 800–225–1581 C–Asst All Gr – 4 + 3 +70 13.57n –.06 D–AstAlloBal – 3 + 2 +41 11.94n –.04 D+Equity Inc – 5 + 2 +56 15.26n –.10 B Glob Eqty – 7 + 3 +81 9.90n –.07 E Gr & Inc – 8 0 +31 14.22n –.11 E GrgeFdBos – 4 0 +26 15.13n –.05 E Hlth Sci – 6 – 4 +20 42.35n –.16 A–Intl Equity – 4 + 6+100 25.24n –.20 A IntlCapOpps – 3 + 8+185 36.87n –.38 E Investors – 8 + 5 +44 12.28n –.07 D New Opport – 5 + 6 +55 43.86n –.11 36 Mos Fund Preformance Rating

96 99 A B+ 99 A A 22 41.3

7

21

4

December

Quarter Jun ’07 Sep ’07 Dec ’07 Mar ’08 Year (Dec) 2006 2007 2008e 2009e

18

January ’08

1

36 Mos Preformance Rating Fund

—S—T—U—

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

29

14

28

March

Ownership Mgmt Banks Funds No. of funds Dec ’04 Mar ‘05 Jun ’05 Sep ’05

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B Equity Gr – 4 + 5 +89 11.59 –.06 B–Gr Strat – 3 + 4 +71 11.79 –.04 2008 12 Wk 5 Yr Net – 1 + 2 +35 11.07 –.03 % % After Asset NAV D Mod Strat Russell Lifepoints S Chg Chg Tax Rtn Value Chg $ 1.5 bil 800–787–7354 C–Sml Co Idx – 4 + 3 +78 6.27 .. C Bal Strat – 2 + 3 +56 11.66 –.03 E SmlCapAdvt – 9 + 1 +53 4.19 +.01 B Equity Gr – 4 + 5 +91 11.78 –.06 C+Strat Alloc – 4 + 5 +64 10.90 –.05 B–Gr Strat – 3 + 4 +73 11.85 –.05 E Tax Ex Bond +1 0 3.75 +.01 Rydex Dynamic E TaxExHiInc +1 0 4.24 +.01 $ 975 mil 800–820–0888 A+TNEmgMkts – 4 + 4+278 10.42 –.06 E InNdq2xStH + 7 – 21 –72 12.59n +.10 A TNGlobalEq – 5 + 5+114 8.44 –.07 E InvS&P52xH + 8 – 8 –59 31.43n +.41 RiverSource B B+Ndq1002xStH –15 + 18+102 25.23n –.19 $ 6.4 bil 888–791–3380 D+S&P500 2x H –13 + 4 +90 41.59n –.58 C–Div Oppor r – 7 0 +58 8.47n –.03 Rydex H E Divers Bd r 0 +1 4.81n .. $ 381 mil 800–820–0888 B DvrsEqInc r – 5 + 5+106 11.48n –.05 A–Sect Rot – 5 + 10 +93 15.01n –.10 E Growth r – 9 – 1 +33 26.84n –.23 Rydex Investor E High Yield r 0 + 5 +24 2.74n .. $ 1.8 bil 800–820–0888 D–Lrg Cap Eq r – 7 + 1 +35 4.86n –.04 E InvGovtLgBd – 2 – 2 –14 17.36n –.06 B+Mid Cap Val r – 4 + 4+140 8.67n –.03 E InvS&P500 + 5 – 3 –31 38.05n +.26 C Mngd Alloc r – 4 + 5 +60 10.79n –.05 B–Ndq – 6 + 10 +67 12.95n –.04 A–PrInSelVal r – 5 + 8+132 9.04n –.11 D PrtBldrMod r – 2 + 3 .. 10.48 –.03 SA Funds C–PrtModAggr r – 3 + 3 .. 10.54 –.04 $ 2.7 bil 800–366–7266 A TNIntlOpp – 3 + 7+127 10.71 –.07 E Fixed Inc + 1 0 10.46n +.01 RiverSource I B+Intl Sml Co .. .. no quote $ 5.0 bil 888–791–3380 – 5 + 9+170 16.20n –.14 AbsRetCurIn – 2 – 3 .. 9.73 .. A Intl Value .. .. no quote DiscIntlEq – 4 + 9 .. 11.25 –.08 D+US Mkt – 7 + 2 +74 15.17n +.02 C+Discpln Eq – 5 + 5 .. 6.61n –.04 D US Small Co – 2 + 4 +77 12.52n –.08 Div Oppor – 6 + 1 .. 8.56 –.03 C–US Value Schroder Funds Divers Bd + 1 + 1 .. 4.82n .. $ 1.9 bil 800–464–3108 Floating Rt – 5 + 3 .. 9.06n –.01 – 2 – 1 .. 9.54n +.02 D–Glbl Bond + 4 + 3 .. 7.00n +.03 E Muni Bd Inv D–Growth – 9 – 1 .. 30.12n –.26 C NorthAmerEq – 4 + 3 .. 10.60n –.05 E InflProtSec + 4 + 2 .. 10.41n +.04 E ShtMunBdInv – 2 – 1 .. 9.55n +.01 A IntlSelGr – 2 + 8 .. 8.56n –.04 A–US Opps Inv r – 2 + 6+123 21.47n .. Schwab Funds USGovtMtg + 1 + 1 .. 5.02n .. $ 38.7 bil 800–435–4000 Riversource R4 C 1000Idx Inv – 5 + 3 +63 40.96n –.25 $ 821 mil 888–791–3380 – 5 + 3 +64 40.96n –.24 B+DiversEqInc – 5 + 5+112 11.48n –.06 C 1000Idx Sel E CA TxFr Bd + 1 + 1 +11 11.38n +.02 Mid Cap Val – 3 + 4 .. 9.01n –.03 E CATaxFrYld – 9 – 7 .. 8.76 .. Royce Funds C Core Equity – 6 + 2 +72 18.27n –.05 $ 19.7 bil 800–221–4268 – 5 + 1 .. 14.18n –.06 B+LowPrStkSev 0 + 6+100 14.79n +.04 D+Div Eq Inv – 5 + 1 .. 14.12n –.06 A–MicroCap I – 5 + 2+118 14.90n +.09 D+Div Eq Sel D Health Care –11 – 6+107 14.66n –.07 C+Opport I – 5 + 3+106 10.45n +.05 B PA Mutl Inv r – 2 + 6 +94 10.59n +.01 E HedgedEqSel – 3 – 1 +58 15.08n –.05 C–InstlS&P500 – 5 + 3 +61 11.04n –.07 B–PAMutlCnst b – 2 + 6 +86 9.84n +.01 A Intl Idx Sel – 3 + 9+139 23.24n –.13 A Premier Inv + 5 + 9+134 18.24n +.02 A Intl Index Inv – 3 + 9+137 23.24n –.13 D SpecialEq I – 5 + 1 +51 17.27n –.01 Lrg Gr Sel – 7 + 3 .. 11.40n –.03 C+TotlRet I – 2 + 4 +75 12.65n +.03 D MktTrack Bal – 3 + 2 +48 16.29n –.05 A Value Svc + 7 + 10+161 11.41n +.02 B–MktTrck All Eq – 4 + 5 +86 13.92n –.06 B+ValuePlsSer – 5 + 3+166 13.10n +.04 D–MktTrkCons – 3 0 +33 13.78n –.03 RS Funds C+PremEqtyInv – 6 + 2 .. 11.65n –.03 $ 9.2 bil 800–766–3863 C+PremEqtySel – 6 + 2 .. 11.66n –.03 B+CoreEqA 0 + 4 +69 42.56 –.10 C–S&P 500 Inv – 5 + 3 +59 21.50n –.14 C–Emerg Grow –13 + 1 +75 35.51 +.17 C–S&P500 Slct – 5 + 3 +60 21.58n –.14 A+EmergeMktsA – 4 + 4+363 26.55 –.11 C–S&P500Idx E – 5 + 3 +60 21.51n –.14 A+Glb Nat Res +11 + 14+268 42.27 –.12 C Sm Cap Inv – 3 + 4 +77 18.99n +.01 E InvQltBdVIP + 2 + 1 12.16n .. C+Sm Cap Select – 3 + 4 +81 19.01n +.01 B–Mid Cap Op –11 – 1 +82 12.59 –.01 D Sm Eq Inv – 5 + 2 .. 14.76n .. D+Partners – 1 + 5+108 30.59 +.15 E ST Bond Mkt – 3 –4 9.44n .. E Sml Co Gr –14 – 2 +73 17.64 +.08 Target 2020 – 4 + 2 .. 11.23n –.03 B–Value 0 + 8+143 26.25 +.04 E TaxFreePlus – 5 – 3 .. 9.21 .. Russell Funds S E Tot Bd Mkt – 2 –2 9.39n –.01 $ 23.9 bil 800–787–7354 C TotStkIdxInv – 5 + 3 +68 24.08n –.13 C+Divers Eqty – 6 + 4 +66 46.06n –.25 C TotStkIdxSel – 5 + 3 +69 24.13n –.13 A+Emerg Mkt – 2 + 6+305 22.18n –.11 E YieldPlus Inv –27 – 26 –23 6.51n –.05 A Intl Secs – 4 + 7+126 68.78n –.43 E YieldPlus Slct –27 – 26 –23 6.51n –.04 E MultiStr Bd + 1 0 +13 10.24n .. Schwartz Funds D Quant Eqty – 6 + 2 +50 36.09n –.15 $ 498 mil 248–644–8500 B+Real EstSec + 7 + 11+116 41.82n –.38 D AvMarCathlc – 2 + 3 +79 15.31 –.04 D Select Value – 4 + 3 +63 9.52n –.05 Security Funds E ShDuratnBd +2 0 18.97 +.01 $ 1.8 bil 800–888–2461 C Special Gr – 8 + 2 +69 43.86n +.04 E Equity A – 2 + 4 +26 5.22 –.04 E Tax Ex Bd + 1 0 21.37n +.05 B MidCapVal A – 4 + 2+123 29.85 –.05 D Tax Mg LgCp – 6 + 4 +58 20.81n –.10 SEI Asset Alloc B–TxMg MidSml – 5 + 3 +85 13.19n .. $ 723 mil 800–342–5734 Russell Instl I C Divr Gl Gr A – 5 + 3 +59 13.09n –.07 $ 6.5 bil 800–787–7354 SEI Portfolios C Equity I – 5 + 4 +63 31.29n –.17 $ 27.2 bil 800–342–5734 C+Equity II – 8 + 2 +62 22.94n +.01 E CA Muni A + 1 0 10.21n +.02 D Equity Q – 6 + 2 +51 32.17n –.13 E CoreFxdInst A 0 0 +10 10.07n .. E Fixed Inc I + 1 0 +11 20.72n .. A+Emrg Mkt A – 3 + 5+256 16.94n –.07 E Fixed Inc III + 1 0 +15 10.46n .. D–High Yld Bond – 1 + 4 +21 7.61n –.01 A Intl – 4 + 7+128 41.88n –.28 A–Intl Equity A – 5 + 8+118 12.80n –.15 Russell Lifepoint R3 E Intl Fxd Inc A 0 0 10.86n +.03 $ 2.4 bil 800–787–7354 B–IntlEmrgMkt A 0 + 1 +52 10.41n .. C–Bal Strat – 2 + 3 +53 11.60 –.03 E Intmd Muni A + 1 – 1 10.71n +.02 B Equity Gr – 5 + 5 +87 11.55 –.06 D Larg Cp Val A – 6 + 1 +62 18.90n –.12 C+Gr Strat – 3 + 4 +70 11.81 –.05 C+Lge Cp Gr A – 5 + 5 +53 22.44n –.09 Russell Lifepoints C C–S&P 500 Idx A – 5 + 3 +56 38.55n –.25 $ 3.8 bil 800–787–7354 C–S&P 500 Idx E – 5 + 3 +57 38.68n –.25 D+Bal Strat – 3 + 3 +51 11.50 –.04 D Sm Cp Gr A –11 + 1 +65 16.84n .. B Equity Gr – 5 + 5 +83 11.14 –.06 C–Sm Cp Val A – 1 + 4 +77 16.68n –.01 C+Gr Strat – 4 + 4 +67 11.68 –.04 C–TxMgdLgCp A – 5 + 4 +64 13.38n –.07 D–Mod Strat – 2 + 2 +32 11.01 –.02 D+TxMgdSmCp A – 6 + 4 +78 11.85n +.01 Russell Lifepoints E E UltraShBd A 0 –1 9.50n .. $ 1.9 bil 800–787–7354 C–VolatilityA – 4 + 1 .. 12.17n –.02 C Bal Strat – 2 + 3 +54 11.60 –.03 Selected Funds

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Rating Chg Chg Tax% Value

15

February

EPS % Chg Sales ($ mil) % Chg 0.64 167 % 1542.4 74 % 0.50 150 1619.1 34 0.37 640 1692.1 40 0.57 43 1731.5 44 EPS % Chg Top RS in group 99 0.70 -32 % MTL AKS 99 1.91 173 X 99 2.82 48 GGB 98 4.06 44

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

E New Value –10 – 1 +43 13.82n –.07 D–Vista – 4 + 7 +67 9.59n –.01 D–Voyager – 6 + 5 +30 15.59n –.06 Putnam C $ 1.7 bil 800–225–1581 C–Asset All Gr – 4 + 3 +70 13.35n –.05 A–Intl Equity – 4 + 6+100 25.80n –.20 Putnam M $ 1.9 bil 800–225–1581 E Diversifd Inc – 2 + 3 +16 9.37 .. D Hi Yld Adv + 1 + 5 +33 5.93 –.01 E Income 0 – 1 +11 6.50 .. Putnam Y $ 8.4 bil 800–225–1581 D Asset All Bal – 2 + 2 +46 12.04n –.04 C+Asset All Gr – 4 + 3 +76 13.96n –.06 E Ast All Cons – 1 + 1 +26 9.52n –.02 D+Capital Opps – 3 + 3 +65 9.51n +.04 C Equity Inc – 4 + 2 +61 15.43n –.09 D–Grge Fd Bos – 4 0 +30 15.35n –.06 E Growth & Inc – 7 + 1 +35 14.53n –.10 D High Yld + 1 + 5 +32 7.56n –.01 E Income 0 – 1 +11 6.64n .. A–Intl Equity – 4 + 7+107 26.67n –.21 D–Investors – 7 + 5 +50 13.77n –.08 C–New Opport – 5 + 6 +63 51.79n –.13 D–Voyager – 6 + 5 +36 18.83n –.06 Quaker Funds $ 939 mil 800–220–8888 A Strat Gr A + 4 + 13+127 27.94 –.31 Quant Funds $ 1.6 bil 800–326–2151 A+EmrgMktOrd – 7 + 5+396 29.25n –.15 A–ForeignValO 0 + 9+165 20.37n –.25 Rainier Funds $ 6.1 bil 800–248–6314 B+Lg Equity – 4 + 6 +80 28.78n –.20 B+LgEq I – 4 + 6 +81 28.94n –.20 A Sm/Mid Eq – 7 + 5+136 36.74n –.16 A Sm/Mid Eq I – 7 + 5+139 37.39n –.16 RegionsMorganKeegan $ 1.0 bil 800–433–2829 B–Sel Grwth A – 2 + 6 +55 19.79 –.14 A–SelAggrGr A + 1 + 6 +96 16.83 –.02 Ridgeworth $ 12.4 bil 877–984–7321 B+Aggr Gr I – 7 + 7 .. 13.37 –.06 D–Hi Yield I 0 + 4 +16 10.00n –.01 E InGrTxEx I + 2 + 1 +12 11.67n +.03 A–Intl Eq I – 6 + 6+125 14.49n –.09 A IntlEqIdx I – 3 + 8+154 18.90n –.13 D–Intmd Bd I + 2 + 1 +14 10.22 +.01 D–InvGrdBd I + 1 + 1 +14 10.69n +.01 D+Large Gr I – 7 + 6 +34 10.62n –.06 D LgCoreEq I – 7 + 2 +61 14.82n –.11 C LgValEq I – 5 + 1 +66 12.86n –.08 C MidCoreEqI – 4 + 4 +81 11.98n –.03 B MidValEq I – 5 0 +83 10.15n –.02 D–ShTrmBd I + 1 0 +10 9.88n .. D+Small Gr I – 8 + 3 +71 14.63n +.05 B SmValEq I – 5 + 1 +88 11.61n .. E TotRetBondI + 1 + 1 +12 10.06n .. E USGovSec I + 2 + 1 +11 10.50n +.01 E VAIntMun I + 1 0 +10 10.15n +.02 RiverSource A $ 37.9 bil 888–791–3380 D–Balanced – 3 + 2 +42 10.59 –.05 C Discpln Eq – 5 + 5 .. 6.57 –.04 C Div Oppor – 6 + 1 +62 8.54 –.02 E Divers Bond + 1 +1 4.81 .. B+DivrsEqInc – 5 + 5+111 11.47 –.05 B+Equity Val – 3 + 6 +98 12.86 –.06 Floating Rt – 3 + 5 .. 9.06 –.01 E Glbl Bond + 4 + 3 +24 7.02 +.03 E Growth – 9 – 1 +38 29.42 –.25 D High Yield + 1 + 5 +32 2.74 .. InBldBasIn – 1 + 2 .. 10.21 –.01 InBldEnhIn – 2 + 3 .. 10.03 .. InBldModIn – 2 + 2 .. 10.16 –.01 D–InflProtSec + 4 + 2 .. 10.41 +.04 A IntlSelGr – 2 + 8+146 8.45 –.05 D Lrg Cap Eq – 7 + 1 +39 4.97 –.04 A–Mid Cap Val – 3 + 4+147 8.95 –.03 C MidCapGr – 6 + 5 +46 9.45 –.05 E MN Tax Ex +1 0 5.17 +.02 A PrInSelVal – 5 + 8+140 9.46 –.12 A–PrtAggrGr – 7 + 5 .. 10.22 .. C+PrtBldrAgg – 4 + 4 .. 10.68 –.06 C–PrtBldrMod – 2 + 3 .. 10.53 –.03 C PrtFmtlVal – 3 + 4 +71 6.02 –.03 C PrtModAggr – 3 + 3 .. 10.59 –.04 D PrtModCons – 1 + 2 .. 10.29 –.02 C PrtSelVal – 2 + 6 +59 4.78 .. D PrtSmlEq – 4 + 5 +75 5.13 +.01 D PrtSmlVal – 1 + 4 +66 4.66 –.01 B–PrtTotEqty – 5 + 4 .. 10.78 –.07 E Sh US Gov +1 0 4.75 ..

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

23

1% 0% 12 10 12 20

April

25 May

Today’s Volume

10491

50-day avg vol

35699

Off 52-wk high

-0.73

52-wk high-low

46.8 - 13.64

Market cap

35749.6

Shares in float

392429

IPO Daily Graphs available at investors.com

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

$ 11.4 bil 800–243–1575 C+American D – 3 + 5 .. 46.57n –.29 C+American S – 3 + 5 +80 46.51 –.29 Seligman Group $ 6.7 bil 800–221–2783 B–Capital A – 5 + 6 +83 24.81 –.13 A–Com & Inf C – 6 + 7 +94 30.44 +.04 A–Com&Inf A – 6 + 7+102 35.95 +.06 A–Com&Inf B – 6 + 7 +94 30.42n +.04 A–Com&Inf D – 6 + 7 +94 30.42n +.05 A–Glob Tech A – 6 + 7 +89 17.53 .. B–Growth A – 2 + 10 +68 5.09 –.03 Sentinel Group $ 3.9 bil 800–282–3863 C–Bal A – 1 + 3 +51 17.23 –.07 B–CmmnStk A – 3 + 4 +73 32.92 –.23 D–Govt Sec A + 3 + 2 +15 10.61 +.01 B Small Co A – 5 + 3 +81 6.95 .. – 3 + 1 +46 131.76n –1.33 C+† Sequoia Sit Funds $ 1.5 bil 800–332–5580 B Lge Cp Gr – 2 + 6 +77 45.15n –.22 A–Mid Cap Grth – 3 + 7+111 15.55n –.04 E MN Tax Free + 1 0 +10 9.84n +.02 E Tax Free 0 0 9.24n +.02 D–US Govt + 3 + 1 +13 10.84n +.01 – 7 0 +51 18.13n +.06 E † SkylnSpEq Sound Mind Funds $ 266 mil 877–764–3863 Investing .. .. no quote C † Sound Shore – 3 + 1 +75 34.67n +.02 D–† SpAmerInvA + 5 + 6 +57 11.82 –.01 Spectra Funds $ 269 mil 800–711–6141 A+Spectra N .. .. no quote SSGA Funds $ 8.4 bil 800–647–7327 D Discplnd Eq b – 6 + 2 +54 10.81n –.06 Emerg Mkts – 4 + 5 .. 28.94 –.12 A+Emerg Mkts – 4 + 5+325 28.92n –.13 C–IAM b – 5 + 3 +59 10.60n –.07 A Intl Stk Sel – 3 + 9+155 13.74n –.11 C–S&P 500 Idx – 5 + 3 +59 22.87n –.15 State Frm Asc $ 5.6 bil 309–766–2029 C+Balanced 0 + 3 +51 58.03n –.30 B Growth – 2 + 5 +72 59.77n –.46 E Interim +1 0 10.03 +.01 E Muni Bond +1 0 8.46n +.02 State Frm Ret $ 3.4 bil 800–447–4930 D LifPth2010A 0 + 3 .. 12.41 –.02 D+LifPth2020A – 1 + 4 .. 13.44 –.04 C–LifPth2030A – 2 + 4 .. 14.20 –.05 C LifPth2040A – 2 + 5 .. 14.89 –.07 D+S&P 500 A – 5 + 3 +57 10.54 –.06 Strategic Ptnrs $ 325 mil 800–225–1852 A DryIntlVlZ – 6 + 7+130 26.11n –.14 Stratton Funds $ 888 mil 800–634–5726 B–Sm Cap Yield + 6 + 11+123 48.98n +.11 SunAmer Foc $ 4.1 bil 800–858–8850 A–Intl A – 5 + 8+101 17.71 –.17 D Lrg Gr I – 7 + 6 +45 18.99 –.14 B Multi Gr A – 7 + 6+106 26.56 –.10 D MultStr A – 4 + 4 .. 15.35 –.04 D MultStr II – 5 + 4 .. 15.22 –.04 D SS FocLgGrA – 7 + 6 +50 20.28 –.14 C+SS FocMVal C – 6 + 1 +73 17.82 –.12 B–SS FocMValA – 6 + 1 +78 18.84 –.12 E Strat C – 7 + 4 .. 14.38 –.11 D StySel G&I A –10 + 2 +46 16.29 –.15 SunAmerica $ 2.4 bil 800–858–8850 D–GNMA A + 2 + 2 +13 11.44 .. E SrFloatRt C – 3 + 5 +10 8.43n –.01 D StratBond A + 1 + 3 +34 3.54 +.01 E US Govt A + 2 + 1 +11 9.52 +.01 Tamarack Funds $ 875 mil 800–422–2766 E Enterprise –14 – 5 +55 17.52n –.13 E MicroCapVal – 7 0 +75 17.70n +.02 E Value – 5 + 3 +25 25.80n –.20 Target Funds $ 2.6 bil 800–442–8748 A Intl Equity – 6 + 7+118 15.28n –.09 D–Intmd Bond + 4 0 +13 10.65n .. C LC Growth – 7 + 3 +47 14.51n –.06 D LC Value – 5 + 2 +73 13.15n –.10 C+SmallCapVal + 1 + 6+104 19.05n –.03 D Tot Ret Bd + 4 + 2 +18 11.11n –.01 TCM Funds $ 493 mil 800–536–3230 A TCMSmGr – 9 + 3 .. 29.68 –.16 TCW Funds $ 6.8 bil 800–386–3829 D Div Foc – 6 + 2 +73 11.99n –.08 D DiversVal I – 4 + 3 .. 14.79 –.12 D+DivFocI – 5 + 2 .. 11.97 –.08 D–Select Eq I – 7 + 5 +50 18.34n –.15 D–Select Eq N – 7 + 5 +47 17.78n –.14

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

11

Recent quarterly earnings and sales should be up 25% or more. Avoid cheap stocks. Buy stocks selling for $15 to $100 or more.

5

6

Follow selling rules on when to sell and take profit on the way up. Review “When to Sell and Take a Profit� in “How to Make Money in Stocks.�

7

Buy when market indexes are in an uptrend. Reduce investments and raise cash when general market indexes show five days of increased volume distribution.

8

9

10

Pick companies with management ownership of stock. 2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

A–MidCapGrA 0 + 8+102 23.20 –.01 B+MidCapGrC r 0 + 8 +97 19.89n .. D+SandsCapGrI r – 7 + 7 .. 12.24 –.04 D SandSelGrZ – 7 + 6 +65 8.53n –.04 E UltrShFxInc + 1 + 1 +10 9.94n .. Tr For Cr Union $ 692 mil 800–342–5828 E Shrt Duratn 0 – 1 +10 9.55n .. E UltShDurGov + 1 0 +10 9.47n .. Transamer Prem $ 1.7 bil 800–892–7587 C+Bal Inv – 5 + 6 +60 25.72n –.10 B+Equity Inv – 7 + 6 +85 23.86n –.15 Transamerica $ 14.6 bil 888–233–4339 E Core Bond + 2 + 2 +12 12.63n –.01 D Hi Yld Bd 0 + 4 +29 8.93n –.01 D–InfProtSec + 3 + 2 +10 11.24n +.06 E InstCoreBd + 2 + 2 +14 10.67n .. D–InstInfPro + 3 + 2 +10 10.10n +.05 A–InstIntlEq – 6 + 7+115 9.38n –.07 D+InstLgGr – 6 + 5 +44 6.92n –.04 D+InstLgVal – 6 + 2 +58 11.38n –.08 B–InstMidVal – 3 + 3 +89 14.65n –.03 E InstMnyMkt + 1 + 1 10.65n .. D–InstSmCore – 7 + 2 +64 9.10n +.01 C–InstStkIdx – 5 + 3 +59 9.28n –.06 A–Intl Equity – 6 + 7+108 15.23n –.12 D+IntLngHoriz – 3 + 4 +45 9.65n –.03 D IntLngHoriz – 3 + 4 +44 12.11n –.05 D IntmdHorizn – 2 + 3 +35 9.97n –.02 D IntmdHorizn – 2 + 3 +32 11.19n –.03 D Large Core – 5 + 3 +47 20.64n –.09 D Large Gr – 6 + 5 +43 19.69n –.11 D Large Val – 6 + 2 +54 21.34n –.17 C–LgHznAlloc – 4 + 4 +57 9.15n –.04 C–LgHznAlloc – 5 + 4 +55 10.58n –.05 C+Mid Val – 3 + 3 +86 12.88n –.03 D–Small Core – 7 + 2 +54 17.30n +.01 C StockIndex – 5 + 3 +60 10.80n –.07 Transamerica A $ 3.8 bil 888–233–4339 C–AstAlCnsrv 0 + 3 +44 11.76 –.02 B–AstAllocGr – 4 + 5 +75 13.47 –.07 D+AstAlMod – 1 + 3 +52 12.42 –.03 C AstAlModGr – 3 + 4 +62 13.01 –.05 B+Equity – 7 + 6 +85 10.74 –.07 Transamerica B $ 1.8 bil 888–233–4339 B AstAllocGr – 5 + 4 +76 13.15n –.07 D AstAlMod – 2 + 3 +49 12.37n –.03 C–AstAlModGr – 3 + 4 +59 12.94n –.05 Transamerica C $ 4.6 bil 888–233–4339 D+AstAlCnsrv 0 + 3 +42 11.70n –.02 C AstAllModGr – 3 + 4 +59 12.92n –.05 B AstAllocGr – 5 + 4 +76 13.15n –.07 D AstAlMod – 2 + 3 +49 12.35n –.03 Turner Funds $ 2.1 bil 800–224–6312 A–EmergGrowth – 7 + 4+129 52.66n +.14 A–Mid Cap Gr – 6 + 6+111 34.15n +.01 B+Small Cap Gr – 9 + 4+106 30.07n +.11 Tweedy Browne $ 7.1 bil 800–432–4789 B–Global Value – 7 + 3+102 27.89n –.32 D–Value – 1 + 4 +41 21.64n –.17 UBS Investment Fds $ 9.4 bil 800–794–7753 D–DynAlpha A + 3 + 1 .. 10.47 –.06 E DynAlpha C + 3 + 1 .. 10.25n –.06 D–DynAlpha Y + 4 + 1 .. 10.54n –.06 C–GlobAlloc A – 2 + 4 +62 13.53 –.02 D GlobAlloc C – 2 + 3 +57 13.22n –.03 C–GlobAlloc Y – 2 + 4 +63 13.75n –.02 D–US Alloc A – 3 + 3 +54 30.39 –.09 D US Lg Eq Y – 4 + 3 +60 18.31n –.08 D+US SmlGr Y – 5 + 6 +71 13.84n –.01 UBS Pace A $ 939 mil 800–647–1568 D–Lrg Co Val – 6 + 1 +50 18.64 –.12 UBS Pace P $ 8.0 bil 800–647–1568 AltStratInv – 1 + 2 .. 10.93 –.01 D Glb Fxd Inc + 7 + 5 +26 12.22n +.12 A Intl Eqty – 5 + 7+138 18.11 –.12 A+IntlEmrgMkt – 2 + 7+242 22.09 –.09 D–Intmd Fixed + 3 + 1 +13 11.85n +.01 C–Lrg Co Gr – 6 + 5 +58 18.22n –.08 C+Lrg Co Val – 6 + 1 +68 18.65n –.12 E Muni Fxd + 1 0 12.34n +.04 D–Secs Fxd Inc + 2 + 2 +15 13.21n –.01 C–SmMd Co Gr –10 + 3 +57 14.21n +.03 E SmMd Co Val – 5 + 1 +56 15.23n –.02 D–Str Fxd Inc + 4 + 1 +17 14.16n +.02 UMB Scout $ 4.6 bil 800–996–2862 C Small Cap – 9 + 3 +87 16.11n +.02 A+Worldwide – 1 + 8+149 37.12n –.23 US Glob Inv $ 4.7 bil 800–873–8637 A+East Europe – 6 + 7+345 47.00n +.39

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

15 16 17

18

Read IBD’s Investor’s Corner and Big Picture columns to learn how to recognize important tops and bottoms in market indexes. Buy stocks with a Composite Rating of 90 or more and a Relative Price Strength Rating of 85 or higher in the IBD SmartSelect Corporate Ratings.

Buy mostly in the top six broad industry sectors in IBD’s New Highs List. Select stocks with increasing institutional sponsorship in recent quarters. Current quarterly after-tax profit margins should be improving, near their peak and among the best in the stock’s industry. Don’t buy because of dividends or P-E ratios. Read a story on the company. Buy the No. 1 company in an industry in earnings and sales growth, ROE, profit margins and product quality. Pick companies with a superior new product or service. Invest mainly in entrepreneurial New America companies. Pay close attention to those with an IPO in the past eight years. Check into companies buying back 5% to 10% of their stock and those with new management (what is management’s background?). Don’t try to bottom guess or buy on the way down. Never argue with the market. Forget your pride and ego. Find out if the market currently favors big-cap or small-cap stocks. Do a post-analysis of all your buys and sells. Post on charts where you bought and sold. Evaluate and develop rules to correct your major mistakes. It’s what you learn after you think you know what you’re doing that’s vital. That’s how to improve your results.

14

Cut every loss when it’s 8% below your cost. Make no exceptions so you’ll avoid any possible huge, damaging losses. Never average down in price.

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D–TotRetBd I .. .. no quote D–TotRetBd N .. .. no quote D Value Opport + 1 + 8 +67 19.19n –.01 Templeton Instl $ 10.7 bil 800–321–8563 A+Emerg Mkt – 8 + 3+233 19.54n –.07 A Foreign Eqty – 6 + 6+163 26.99n –.19 † TFSMktNeut + 3 + 5 .. 14.94n +.02 Third Avenue $ 15.7 bil 800–443–1021 B+Intl Value + 2 + 5+159 19.09n –.14 C+Real Est Val – 1 + 6+109 27.47n –.18 C+Small Cap Val + 3 + 8+103 24.08n .. C–Value – 7 + 2+111 56.76n –.57 Thompson Plm $ 381 mil 800–999–0887 E Growth – 9 0 +22 35.34n –.30 Thornburg A $ 13.2 bil 800–847–0200 B+Core Growth –14 0+116 17.02 –.06 A–Income Bldr – 6 + 2+100 21.09 –.13 A+Intl Value – 6 + 6+181 31.27 –.09 E Intmd Muni +1 0 13.10 +.03 E Ltd Mun Nat +1 0 13.58 +.02 B Value – 8 + 2 +67 34.62 –.25 Thornburg C $ 4.8 bil 800–847–0200 B+Income Bldr – 6 + 2 +96 21.10n –.13 A+Intl Value – 6 + 5+172 29.60n –.09 B–Value – 8 + 2 +62 33.32n –.24 Thornburg I $ 8.5 bil 800–847–0200 A+Intl Value – 6 + 6+186 31.96n –.10 E Ltd Trm Mun + 2 0 13.59n +.03 B Value – 8 + 2 +69 35.19n –.26 Thrivent Funds A $ 7.1 bil 800–847–4836 D+Balanced – 3 + 3 +32 11.95 –.03 E Core Bond 0 0 9.60 .. D High Yield + 1 + 5 +27 4.82 –.01 D+Lrg Cap Stk – 5 + 4 +39 25.05 –.15 C+Lrg Cap Val – 3 + 3 +73 15.47 –.10 B+Mid Cap Gr – 5 + 6 +79 15.36 +.02 B–Mid Cap Stk – 6 0 +78 13.63 .. E Muni Bond + 1 0 +10 11.11 +.03 A–PtnrIntlStk – 3 + 7+115 12.88 –.09 C–Sml Cap Stk – 7 + 2 +82 14.32 .. Thrivent Funds Instl $ 1.0 bil 800–847–4836 C–Lrg Cap Stk – 5 + 4 +41 25.23n –.15 B–Lrg Cap Val – 3 + 3 .. 15.56 –.10 A+† ThWhite Intl – 2 + 8+193 20.78n –.13 TIAA–CREF Instl Reti $ 6.1 bil 800–223–1200 B+Growth&Inc – 5 + 4 +71 9.71n –.05 A–IntlEqtyIdx – 4 + 8+139 21.84n –.16 A IntlEquity –10 + 3+131 12.29n –.06 D–LfCycl 2010 – 3 + 2 .. 11.36 –.02 D LfCycl 2015 – 4 + 2 .. 11.45n –.03 D LfCycl 2020 – 5 + 2 .. 11.50 –.03 D LfCycl 2025 – 5 + 2 .. 11.51n –.05 D LfCycl 2030 – 6 + 2 .. 11.56n –.04 D+LfCycl 2040 – 6 + 2 .. 11.87 –.05 B+MidCapValue – 3 + 4+117 17.60n –.08 B MidCpGrowth – 4 + 6 +93 17.95n –.03 D S&P500 Idx – 5 + 3 +53 15.66n –.10 D SmlCpEquity – 4 + 4 +65 12.89n +.03 C SocialEqty – 3 + 4 +62 11.34n –.05 TIAA–CREF Instl Fun $ 3.8 bil 800–223–1200 E Bond + 2 + 1 +11 10.08n +.01 Bond Plus 0 0 .. 9.89 +.01 Bond Plus 0 0 .. 9.87 +.01 C Equity Idx – 5 + 3 +62 10.22n –.06 EquityIndex – 5 + 3 .. 10.38 –.06 B–Growth Eqty – 7 + 4 +58 8.24n –.04 Growth&Inc – 5 + 4 .. 11.56 –.06 HighYieldII + 1 + 3 .. 9.57 –.01 D–InflLnkBond + 4 + 2 +22 10.85n +.04 A IntlEqtyIdx – 4 + 8+140 21.50n –.16 IntlEquity –10 + 3 .. 8.58 –.05 A IntlEquity –10 + 3+135 11.97n –.06 D+LargeCpVal – 7 0 +72 13.84n –.09 C LgCpGrowIdx – 5 + 5 +46 12.84n –.06 C–LgCpValIdx – 4 + 2 +68 14.33n –.11 LrgCpGrowth – 7 + 3 .. 10.81 –.06 ManageAlloc – 4 + 1 .. 10.32 –.03 B–RealEstSecs + 5 + 10 +84 11.44n –.11 D+S&P500 Idx – 5 + 3 +54 15.73n –.10 D+SmlCapEqty – 4 + 4 +68 13.06n +.03 C SocialEqty – 3 + 4 +63 11.22n –.05 TaxExptBond + 1 – 1 .. 10.20 +.03 Tocqueville $ 1.8 bil 800–697–3863 A+Gold – 1 – 5+200 48.15 –.24 B Intl Value – 3 + 4+146 13.06n –.07 B+Tocqueville – 6 + 1+109 24.14n –.23 – 7 + 1 +30 33.91n –.14 D–† Torray Touchstone $ 5.2 bil 800–543–0407 B Lg Cap Gr A – 3 + 8+100 26.49 –.13 B–Lg Cp Gr C r – 4 + 8 +78 25.76n –.13 B–Mid Cap Y – 7 + 5 .. 16.24n –.02

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2 3 4

Learn how to use charts to see sound bases and exact buy points. Confine buys to these points as stocks break out on big volume increases.

Rebound off the 10-week moving average gave secondary buying opportunity

26

11 12 13

Consider buying stocks with each of the last three years’ earnings up 25%+, return on equity of 17%+ and recent earnings and sales accelerating.

30

12

If all 20 fact-based rules are carefully followed (not just the ones you like), your investment results can materially improve:

1

RS 99 B+

28

These rules aren’t based on our personal opinion or those of Wall Street’s experts. IBD built detailed models of all the most successful stocks every year from 1880 to 2005. We analyzed their common characteristics, what factors existed before these very best companies had huge advances and how these factors changed when the stocks topped. So these rules represent how the market actually works. If you ignore them and rely instead on personal opinions, feelings or emotions, you are potentially arguing with how the market has functioned for 50 years and you will likely make more costly mistakes.

19 20

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

A+GlbGoldMtl + 3 – 5+300 16.65 .. A+Glob Resourc + 8 + 13+460 18.82 +.03 A+WrldMineral – 5 – 7+307 25.03 +.06 USAA Group $ 30.0 bil 800–531–8448 C–Aggress Grth – 8 + 3 +65 34.86n –.20 D–BalancStrat – 3 + 2 +31 13.86 –.02 E CA Bond + 1 + 1 10.54n +.04 A Capital Gr – 4 + 5+122 8.59n –.04 D+CornerstStr – 3 + 3 +52 23.86n –.08 A+Emerging Mkt – 1 + 6+290 24.13n –.10 B–Extn Mkt Idx – 5 + 3 +97 12.56n –.04 E FL Tax Fr Inc + 1 0 +10 9.70n +.03 E Frst Start Gr – 5 + 1 +45 10.15n –.03 D–GNMA Trust + 3 + 2 +12 9.76n –.01 D Gr & Tax Str – 2 + 2 +29 13.74n –.02 C Growth – 8 + 6 +58 16.60n –.08 D+Growth & Inc – 5 + 4 +54 16.20n –.06 D–Hi Yld Opps – 1 + 3 +27 8.11n .. E Income + 2 + 2 +13 12.16n +.01 D IncomeStk – 6 + 1 +49 13.94n –.10 A International – 1 + 8+124 27.04n –.19 E Intm Trm Bd – 1 + 1 +10 9.64n +.01 A+Prcs Metals + 7 + 1+317 34.85n –.18 C–S&P 500 – 5 + 3 +59 20.83n –.13 C–S&P500Rwd – 5 + 3 +60 20.83n –.14 B Sci & Tech – 6 + 8 +82 12.17n –.03 E Sh Term Bond + 1 + 1 +11 8.88n .. D SmlCapStk – 6 + 1 +60 12.33n +.01 E Tax Ex Intmd + 1 0 +10 12.78n +.03 E Tax Ex LT 0 0 +11 13.21n +.04 E TotalRetStr + 1 + 4 .. 9.42 +.01 E Tx Ex Sh Trm + 2 0 10.59n +.01 E VA Bond + 1 0 11.08n +.03 D Value – 6 + 1 +69 13.66n –.08 B+World Gr – 3 + 5+101 19.69n –.13 – 5 + 3 +60 10.08n –.07 C–† Utd Assoc

—V—W—X— VALIC Company $ 21.1 bil 800–448–2542 IBlueChpGr – 6 + 5 .. 10.32 –.04 ICoreEq – 7 + 2 .. 13.57 –.05 ICoreVal – 5 + 2 .. 10.60 –.06 IForeignVal – 5 + 7 .. 12.39 –.12 IGblStrat – 1 + 4 .. 12.75 –.01 IGlobalEq – 7 + 4 .. 11.46 –.09 IHealthSci – 8 – 2 .. 10.27 –.01 IICoreBond + 1 + 1 .. 10.23 +.01 IIHiYldBd 0 + 4 .. 8.69 .. IIIntlSmEq – 4 + 8 .. 16.69 –.05 IILrgVal – 9 – 2 .. 13.38 –.09 IIMidVal – 7 – 1 .. 16.13 –.01 IIntlEq – 5 + 8 .. 10.27 –.07 IIntlGovBd + 4 + 3 .. 12.56 +.07 IIntlGrowI – 3 + 8 .. 12.91 –.08 IISmallVal – 1 + 3 .. 13.48 .. IISocRespbl – 3 + 4 .. 12.14 –.07 IIStratBd + 2 + 3 .. 11.35 +.01 ILgCapGrow – 6 + 4 .. 12.18 –.07 IMidIndex 0 + 8 .. 23.10 +.02 IMidStratGr – 4 + 9 .. 14.74 –.01 ISci&Tech – 5 + 11 .. 13.92 –.03 ISmallCap – 5 + 3 .. 9.46 .. ISmallIdx – 6 + 3 .. 15.19 +.02 ISmSpecVal – 4 + 1 .. 9.30 –.04 ISocAware – 3 + 6 .. 19.94 –.13 IStckIdx – 5 + 3 .. 34.26 –.22 IUltra – 5 + 6 .. 10.91 –.06 IValue – 5 + 5 .. 10.99 –.04 Value Line $ 2.6 bil 800–223–0818 B EmergOpps – 5 + 4 +91 32.38n –.05 B–Inc & Growth 0 + 2 +63 8.37n –.02 B+Larger Co – 4 + 4 +39 20.67n –.14 A–PremierGrow – 3 + 5+101 28.52n –.11 Van Eck Funds $ 1.5 bil 800–221–2220 A+Glb Hrd Ast A +15 + 18+395 55.62 –.13 A+Intl Gold A + 4 – 2+255 18.45 –.03 Van Kamp A $ 48.9 bil 800–421–5666 B+Aggressv Gr – 2 + 7 +97 19.05 –.02 B+Amer Val – 4 + 2+105 26.77 –.11 E CA InsTxFr 0 +1 17.41 +.07 D–Comstock – 6 – 2 +57 16.14 –.15 E Corp Bond 0 0 +12 6.42 +.01 A+Emrg Mkts – 6 + 4+334 24.61 –.09 D+Enterprise – 6 + 5 +47 14.81 –.08 D Eqty & Inc – 4 0 +50 8.43 –.03 A–Equity Gr – 8 + 3 +71 13.13 –.11 B–Glb Franch – 4 + 4 +94 25.35 .. C Glb Val Eq – 6 + 5 +81 12.37 –.10 A–Glbl Eq All – 4 + 5+103 19.39 –.12 E Govt Secs – 1 –2 9.80 +.01 D+Gr & Inc – 5 + 1 +68 20.02 –.12 C–Harbor – 1 + 2 +42 15.86 –.01 E Hi Yld Muni – 1 – 1 +17 10.18 +.03 D–High Yield 0 + 3 +25 10.12 –.02 E Insur Tax Fr –2 0 16.83 +.06 A Mid Cap Gr – 3 + 7+115 27.85 –.03 E Muni Inc – 1 –1 13.67 +.05 A–Pace – 3 + 9 +73 12.97 –.06

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

B+Real Estate + 8 + 10+128 19.85 –.16 A–Small Gr – 9 + 2+123 10.80 +.03 B+Sml Cap Val – 1 + 4 +92 15.05 .. B–StratGrOW – 3 + 8 +59 48.30 –.22 E StrMuniInc – 2 – 1 +10 12.01 +.03 E US Mortgage – 1 – 1 12.88 –.02 Van Kamp B $ 8.2 bil 800–421–5666 B Aggressv Gr – 2 + 7 +89 17.18n –.02 E Comstock – 6 – 2 +54 16.15n –.14 D Eqty & Inc – 4 0 +47 8.28n –.03 B–Glb Franch – 4 + 4 +89 24.47n .. D+Gr & Inc – 5 + 1 +66 19.87n –.11 E HiYldMuni – 1 – 1 +14 10.18n +.03 C+StratGrow – 3 + 8 +53 40.51n –.18 Van Kamp C $ 5.7 bil 800–421–5666 E Comstock – 6 – 2 +53 16.14n –.15 D–Eqty & Inc – 4 0 +47 8.31n –.03 B–Glb Franch – 4 + 4 +88 24.67n .. D Gr & Inc – 6 + 1 +64 19.85n –.12 E HiYldMuni – 1 – 1 +14 10.17n +.03 Vanguard Admiral $ 280 bil 800–997–2798 C–500 Index – 5 + 3 +60 128.05n –.83 C Asset Allocat – 5 + 3 +61 64.15n –.35 D+Balanced Idx – 2 + 3 +46 21.51n –.06 E CA IntmTxEx + 1 0 10.87n +.03 E CA LngTxEx 0 0 11.27n +.03 B+Cap Opps r – 2 + 5+122 82.98n –.10 EmgMktStk r – 3 + 6 .. 42.20n –.16 A+Energy r +11 + 20+323 167.68n –.41 C Equity Inc – 5 + 2 +60 48.15n –.30 A Euro Stk Idx r – 4 + 9+148 89.81n –.68 C Explorer – 6 + 4 +75 62.09n +.01 B–Extnd Mkt Idx – 3 + 4+102 38.62n .. E FL LngTxEx + 1 + 1 –95 11.36n +.03 D–GNMA + 2 + 2 +14 10.43n .. D+Growth & Inc – 4 + 4 +59 50.37n –.35 C+Growth Idx – 3 + 6 +55 32.00n –.17 D–HiYld Corp r + 1 + 4 +19 5.83n –.01 E HiYldTxEx 0 0 +13 10.43n +.03 D–Hlth Care r – 9 – 5 +57 52.66n –.37 InflProSecs + 4 + 2 .. 25.17n +.05 E Ins LT Tax Ex 0 + 1 +10 12.24n +.04 D Int Treas + 3 + 1 +15 11.54n +.02 A Intl Growth r – 3 + 9+140 76.76n –.55 E Intmd Tax Ex + 1 0 +11 13.24n +.03 E IntmdInvGrd + 2 0 +12 9.73n +.01 C LargeCapIdx – 5 + 4 .. 31.61n –.19 E LgInvGdAdmr – 1 + 2 +13 8.83n +.02 E LT Tax Ex + 1 0 +11 11.01n +.04 D–LT Treas + 2 + 1 +19 11.54n +.02 E Ltd Tax Ex + 2 0 10.84n +.01 B Mid Cap Idx – 3 + 5+103 91.25n –.17 B–Morgan Gr – 4 + 6 +72 57.95n –.20 E NJ LngTxEx + 1 0 11.58n +.04 E NY LngTxEx + 1 + 1 +10 10.98n +.03 E PA LngTxEx 0 0 10.98n +.03 A–Pac Stk Idx r – 1 + 6+138 82.19n –.60 B+Primecap r – 1 + 5 +97 74.29n –.48 B REIT Idx r + 7 + 11+112 92.60n –.72 E Sh Tm TxEx + 2 0 15.75n .. D–Sh Trm Fed + 2 + 1 +12 10.66n .. D–ShrtInvAdmr + 1 0 +12 10.61n .. D–ShTrmBdIdx + 2 0 +12 10.23n .. C+Small Idx – 3 + 5 +98 31.58n +.01 D–ST Treas + 3 0 +13 10.75n .. D–Tot Bd Idx + 2 + 1 +13 10.21n +.01 C TotStk MktIdx – 4 + 4 +69 33.63n –.18 C–TxMgd G&I r – 5 + 3 +60 62.25n –.41 C+TxMgdCap r – 4 + 4 +70 67.74n –.38 C–US Growth – 6 + 6 +47 48.44n –.23 C–Value Idx – 6 + 1 +75 24.29n –.17 D Wellesley Inc – 1 + 2 +28 52.00n –.08 B–Wellington – 1 + 3 +60 55.32n –.25 D–Windsor – 7 0 +54 49.18n –.28 D Windsor II – 6 + 1 +69 52.33n –.26 Vanguard Index $ 265 bil 800–662–7447 C–500 – 5 + 3 +60 128.03n –.84 D+Balanced – 2 + 3 +45 21.50n –.07 A Devlpd Mkts r – 3 + 8+143 13.14n –.10 A+EmgMktStk r – 3 + 6+332 32.04n –.12 A Euro Stk Idx r – 4 + 9+147 38.22n –.29 B–Extnd Mkt – 3 + 4+100 38.59n .. D–FTSESocIndx – 6 + 2 +40 8.33n –.03 FTSEWldIns r – 3 + 8 .. 112.30n –.67 FTSEWldInv r – 3 + 8 .. 22.41n –.14 C+Growth – 4 + 6 +54 32.00n –.16 D–Int Bd + 3 + 1 +15 10.60n +.02 D–Int Bd Adm + 3 + 1 +14 10.60n +.02 Int Bd Inst + 3 + 1 .. 10.60n +.02 C LargeCapInv – 5 + 3 .. 25.27n –.16 E LT Bd + 1 + 2 +17 11.57n +.03 LT Bd Inst + 1 + 2 .. 11.57n +.03 B Mid Cap – 3 + 5+103 20.10n –.04 MidCpGrI – 4 + 6 .. 24.59n –.04 B+Pac Stk Idx r – 1 + 6+137 12.55n –.09 C+Small Cap – 3 + 4 +98 31.56n +.01 B Small Cap Gr – 4 + 6+101 19.13n +.02

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Mutuals continued on B3 2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value


STOCK OPTIONS

INVESTOR'S BUSINESS DAILY

C Price Vol. Price Vol. Price Vol. Price

May

C Price Vol. Price Vol. Price Vol. Price

Jun

May

Close 81.02 Jul c85 200 0 30 .... .... .... .... DJ Inds Close 127.46 Jul p114 .... .... 240 0 37 3 0 81 p116 .... .... 222 0 49 .... .... c118 2.0k 9 20 .... .... .... .... p120 25 0 06 255 0 96 .... .... c122 106 5 75 .... .... .... .... p122 6 0 08 184 1 17 2 2 15 p123 161 0 20 1 1 51 4 2 45 p124 199 0 18 6.3k 1 65 10 2 65 p125 154 0 38 24 1 99 10 3 10 p126 242 0 61 21 2 38 .... .... p127 170 0 95 8 2 61 5 3 75 c128 62 0 79 1.5k 2 70 12 3 80 p128 5.7k 1 33 24 3 17 9 4 05 c130 303 0 18 8 1 60 .... .... c131 .... .... 3.5k 1 20 .... .... c132 43 0 05 141 0 93 4 1 85 c133 95 0 02 543 0 66 .... .... p135 12 7 65 3.0k 7 80 12 8 53 EurOEX st Close 639.19 Jul c640 146 0 45 .... .... .... .... p645 119 6 .... .... .... .... GS Idx Close 179.63 Jul 80 p170 90 0 254 5 10 .... .... p175 105 2 21 6 90 12 9 60 c180 112 3 50 105 9 50 .... .... p180 267 4 26 9 20 .... .... c185 235 1 90 143 7 13 9 70 c190 229 0 70 2 4 50 .... .... Nasd100 Close 1960.29 Jul p1500 897 0 05 12 0 60 .... .... p1600 64 0 05 224 2 2 6 60 p1625 106 0 10 204 2 75 .... .... 13 p1675 162 0 365 4 30 .... .... p1700 13 0 25 120 5 90 513 50 p1725 116 0 20 289 7 27 5 16 p1750 62 0 30 385 9 35 1019 30 p1775 368 0 35 19211 26 522 80 p1800 360 0 60 43315 20 1828 40 p1825 219 0 95 40418 01 3131 70 p1850 1.4k 1 40 57923 47 737 60 p1875 807 3 20 9229 40 12545 52 p1900 831 5 30 16535 40 .... .... p1925 610 10 30 31143 50 .... .... c1925 379 47 07 8881 10 .... .... p1950 3.3k 17 90 83253 50 .... .... c1950 679 27 40 41366 50 1990 30 c1975 1.0k 14 30 28352 47 571 30 p1975 2.2k 28 50 15363 70 1 88 c2000 850 6 87 4640 10 558 80 p2000 162 46 70 12174 40 2194 70 c2025 917 2 57 22529 50 2051 30 c2050 633 0 71 18921 50 7139 40 c2075 347 0 34 11415 50 17131 50 c2100 265 0 15 33010 30 15424 60 c2125 1 0 05 214 6 41 1218 30 Bank Idx

.... .... .... .... ....

Option Totals Total Call Volume

Exchange

American Boston Chicago ISEC Philadelphia Totals

Call Open Interest

351,336 N/A 1,880,132 1,531,986 933,516 4,696,970 143,681,160

Last Last P Strike Last C Price Vol. Price Vol. Price Vol. Price

May

May

Total Put Volume

286,074 N/A 1,750,735 1,400,817 780,355 4,217,981

May

Jun

Close 183.45 Jul A Hess Close 115.74 Aug Apple c95 no tr no tr 3.2k24 80 c220 113 0 01 10k 0 85 993 2 55 c120 3.4k 1 75 349 6 07 4010 80 c240 no tr 4.1k 0 21 1.1k 0 92 Close 183.45 Jul AMD Close 6.94 Jul Apple fr c7 2.1k 0 18 239 0 47 371 0 73 p150 1.7k 0 05 4.5k 0 90 122 2 05 AbtLab Close 51.78 Aug p170 8.3k 0 28 1.0k 4 15 153 6 85 20 no tr no tr c175 2.9k 9 50 90 p52 no tr 1.8k 1 no tr Activisn Close 31.64 Aug p175 12k 0 82 no tr no tr c27 50 4.3k 3 90 831 4 10 481 4 40 c180 10k 5 50 2.7k11 40 66114 70 p30 2.1k 0 05 42 0 85 81 1 55 p180 28k 2 03 1.9k 7 65 15210 60 c30 7.3k 1 70 1.7k 2 10 319 2 90 c185 17k 2 70 3.0k 8 85 2.0k12 20 AdolorCp Close 4.63 Jul p185 9.3k 4 35 94610 05 no tr c5 2.4k 0 20 146 0 55 525 0 70 c190 15k 1 08 2.1k 6 65 no tr Aeropstl Close 33.85 Jul p190 3.5k 7 75 45713 05 no tr p35 115 1 85 4.2k 2 85 50 3 70 c195 4.3k 0 38 no tr no tr AES Cp Close 19.11 Aug c200 4.4k 0 13 3.9k 3 55 1.5k 6 50 Close 24.80 Jul c17 50 2.1k 1 51 152 1 81 105 2 25 AssuredGty c20 667 0 15 11k 0 52 1.4k 0 95 c25 2.0k 0 55 167 1 40 688 1 80 Close 68.70 Sep p55 11 0 05 5.9k 1 08 32 4 40 p60 989 0 25 3.7k 2 35 12 6 20 p65 3.3k 0 90 6.9k 3 90 112 8 10 c80 512 0 05 2.7k 1 35 9 5 20 Akamai Close 37.25 Aug p35 2.3k 0 20 307 1 20 25 2 40 c40 2.7k 0 15 849 1 15 59 2 70 Alcoa Close 39.04 Jul p32 50 62 0 03 221 0 48 2.6k 0 92 p35 354 0 12 568 1 08 1.8k 1 70 p40 3.5k 1 82 478 3 40 453 3 95 c40 4.5k 0 77 2.1k 2 45 4.6k 3 c42 50 4.3k 0 40 2.9k 1 59 656 2 06 c45 1.3k 0 22 1.9k 1 04 2.2k 1 46 Altria Close 20.94 Sep p20 1.8k 0 06 176 0 33 no tr Amazon Close 72.41 Jul p70 2.5k 0 63 260 2 92 125 4 p72 50 1.8k 1 60 195 4 02 3.3k 5 22 c72 50 1.8k 1 43 106 3 90 44 5 08 c75 2.7k 0 60 1.4k 2 84 519 3 90 p75 3.0k 3 35 331 5 40 110 6 60 c80 3.5k 0 12 2.4k 1 28 172 2 29 AmerCp Close 31.49 Aug c40 10k 0 03 no tr 5 0 20 p40 10k 8 79 22 10 1511 20 AmIntGp Close 40.28 Aug p20 no tr no tr 2.9k 0 11 p35 6.5k 0 09 9.1k 0 84 11k 1 65 p40 35k 0 92 5.7k 2 40 4.4k 3 55 c40 7.8k 1 32 2.5k 2 63 327 3 85 p43 6.1k 2 87 560 4 05 233 5 15 c43 7.9k 0 25 1.3k 1 27 200 2 52 c44 2.5k 0 13 3.0k 1 02 1.5k 2 16 p45 3.5k 4 80 2.2k 5 55 1.7k 6 40 c45 21k 0 06 5.3k 0 74 1.0k 1 80 p46 1.9k 5 50 592 6 20 105 6 35 c46 2.9k 0 05 4.3k 0 57 262 1 57 c50 2.1k 0 02 1.1k 0 13 1.8k 0 72 p55 5.2k14 70 no tr 8514 70 c55 718 0 01 528 0 05 4.1k 0 32 p60 7.6k19 60 no tr 1318 45 c60 7 0 01 no tr 2.2k 0 10 AmSuperc Close 29.86 Jul p30 1.9k 1 20 601 2 50 85 2 85 Amylin Close 28.48 Jul c30 1.5k 0 40 3.6k 1 60 247 2 15 AnnTaylr Close 24.55 Sep 35 c25 1.9k 0 1.5k 1 45 no tr AppldMat Close 19.29 Jul c20 2.3k 0 30 204 0 65 221 0 85 AK Steel

LEAPS

Close 28.40 Sep p30 3.2k 1 58 no tr no tr AtlasPipel Close 43.42 Aug c50 7.2k 0 01 no tr no tr Autodesk Close 39.10 Jul p40 174 1 50 22 2 50 2.0k 2 95 Baidu.com Close 346.28 Sep p340 2.3k 8 40 46922 68 445 40 c350 2.6k 9 40 341 25 8 49 p350 2.2k13 20 14127 20 1549 80 c360 2.1k 6 19221 10 1943 90 c370 3.3k 3 50 13917 10 1541 20 c380 2.0k 2 30613 68 1936 50 BarrPhrm Close 39.99 Aug c40 3.2k 0 65 1.3k 1 55 168 2 50 BeazerHm Close 9.92 Aug p10 4.3k 0 65 428 1 50 260 2 30 BeckCoult Close 67.30 Aug c70 22 0 15 3.0k 1 no tr BestBuy Close 41.93 Sep p40 9.6k 0 25 104 1 45 50 2 84 BioMarin Close 39.00 Jul 75 c40 5.7k 0 1.7k 2 60 78 3 10 Bk of Am Close 36.65 Aug p35 3.0k 0 19 2.9k 1 14 255 2 05 c35 2.4k 1 89 2.1k 2 42 214 3 35 c37 50 5.5k 0 33 4.0k 1 09 1.0k 1 98 p37 50 6.3k 1 14 1.1k 2 40 252 3 30 c40 3.2k 0 05 1.9k 0 38 1.0k 1 08 c42 50 671 0 01 3.5k 0 12 333 0 52 BldgMat Close 3.59 Sep p2 50 no tr 60 0 15 2.0k 0 30 BluCoat Close 25.37 Jul 20 c25 4.8k 1 431 2 85 204 3 30 c30 4.0k 0 19 618 1 05 39 1 50 Boeing Close 84.06 Aug p80 3.2k 0 15 305 1 20 38 2 80 BrMySq Close 21.71 Sep c22 50 4.5k 0 13 3.1k 0 55 95 1 06 Brocade Close 7.32 Jul p7 3.3k 0 20 25 0 30 262 0 42 Cameco Close 40.24 Sep p35 2.2k 0 15 4.8k 0 85 3.2k 2 20 CapOne Close 52.91 Sep p50 2.2k 0 50 785 2 35 306 5 10 CardiomP Close 10.06 Sep p5 2 0 15 14 0 35 4.4k 0 60 Carnvl Close 39.72 Jul c40 192 0 60 2.3k 1 69 14 2 26 CarolinaGr Close 69.20 Sep 75 c70 2.5k 0 1.0k 1 90 134 4 Caterp Close 81.76 Aug athenahlth

p6900 p7100 c7100 c7200 p7200 c7300 c7400 p7400 c7600 c7700 c7800 c7900 c8100 c8200

.... .... .... .... .... .... .... .... .... .... .... .... .... ....

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

May

C Price Vol. Price Vol. Price Vol. Price

Jun

.... 397 11 90 .... .... .... 508 18 10 .... .... .... 251 27 80 .... .... .... 3.9k 22 .... .... .... 2.1k 22 50 .... .... .... 317 16 10 .... .... .... 357 13 01 .... .... .... 158 33 40 .... .... .... 768 6 20 .... .... .... 2.0k 4 .... .... .... 2.7k 2 38 .... .... .... 2.3k 1 48 .... .... .... 301 0 50 .... .... .... 224 0 30 .... .... SemiconIdx Close 398.50 Jul c350 143 50 .... .... .... .... c420 .... .... 100 6 70 .... .... SP100 Close 639.19 Jul p545 200 0 05 .... .... .... .... p550 50 0 05 100 1 04 .... .... p560 143 0 05 43 1 25 .... .... p570 75 0 05 18 1 80 103 4 30 p580 200 0 10 147 2 50 1 5 70 p585 300 0 15 15 3 10 .... .... p590 306 0 20 114 3 43 5 7 10 p600 186 0 35 353 4 40 132 8 60 p605 433 0 45 91 5 90 .... .... p610 250 0 60 77 6 60 811 50 c610 .... .... 307 35 20 .... .... p615 354 0 85 70 7 60 .... .... c620 378 21 70 2229 30 .... .... p620 1.2k 1 20 84 8 70 614 02 p625 762 2 6610 20 .... .... p630 1.9k 2 90 9511 20 35116 70 c630 150 12 30 1621 60 .... .... p635 1.1k 4 50 914 10 .... .... c635 495 8 80 317 50 .... .... p640 5.3k 6 30 7215 80 221 20 c640 1.5k 5 70 27514 70 8520 29 c645 1.1k 3 20 381 12 .... .... p645 151 9 50 1318 10 .... .... c650 2.5k 1 75 145 9 90 .... .... p650 721 12 40 4620 60 125 98 c655 2.5k 0 80 219 7 70 .... .... c660 1.5k 0 35 48 5 80 .... .... p660 116 23 .... .... .... .... c665 501 0 20 29 4 50 .... .... c670 1.8k 0 10 291 3 20 3 6 90 c680 1.0k 0 05 691 1 40 .... .... c700 .... .... 116 0 25 20 1 26 SP100 Eur Close 639.19 Jul p630 195 2 88 .... .... 516 53 c630 195 11 42 .... .... .... .... c635 102 7 89 118 50 .... .... p635 210 3 83 .... .... .... .... c640 392 5 1814 80 .... .... p640 430 6 1815 70 9 21 c645 137 3 30 .... .... .... .... c700 .... .... 124 0 15 .... .... c720 .... .... 104 0 05 .... .... SPX q Close 1388.28 Jul p1100 .... .... 3.9k 1 10 .... .... p1200 .... .... 2.2k 3 80 .... .... Put SPX500 Close 1388.28 Jul Open p1000 .... .... 19k 0 20 42 0 80 Interest p1100 240 0 05 21k 0 65 9.3k 2 20 p1130 .... .... 300 1 .... .... p1140 .... .... 150 1 20 .... .... p1150 311 0 10 80 1 25 56 4 p1160 .... .... 104 1 45 .... .... p1175 414 0 10 2.7k 1 80 59 5 50 p1180 601 0 05 139 1 80 .... .... p1190 1 0 05 7.2k 2 25 .... .... 134,031,883 p1200 927 0 15 1.1k 2 30 1.2k 6 60

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

Jun

C Price Vol. Price Vol. Price Vol. Price

Jun

.... 347 3 92 73 13 .... 317 2 50 25 8 09 .... 2.6k 1 60 50 6 80 .... 2.8k 1 05 51 4 37 .... 105 0 65 10 2 75 OEX100 st Close 639.19 Jul p635 667 0 05 .... .... .... .... c635 192 3 60 .... .... .... .... c640 1.2k 0 05 .... .... .... .... p640 880 1 .... .... .... .... c645 987 0 05 .... .... .... .... p645 201 4 50 .... .... .... .... OilSvc Close 332.50 Jul p325 100 3 60 .... .... .... .... p330 535 5 70 .... .... .... .... c340 115 3 30 .... .... .... .... c360 .... .... .... .... 200 8 20 c375 .... .... 100 2 30 .... .... Rus2000 Close 720.05 Jul p600 313 0 05 696 1 20 86 3 51 p610 206 0 05 .... .... 65 4 47 p620 875 0 10 .... .... 41 5 33 p630 849 0 13 .... .... 23 7 05 p640 975 0 15 .... .... 8 8 41 p650 307 0 25 6.4k 4 50 3 9 79 p660 573 0 30 .... .... 2811 45 p670 2.9k 0 50 .... ....1.7k14 40 p680 1.5k 0 71 .... ....1.7k15 80 p690 2.2k 1 35 .... .... 1219 56 p700 1.4k 2 75 34714 90 5322 17 c700 398 21 70 7434 70 .... .... c710 338 14 30 .... .... .... .... p710 1.4k 4 68 .... .... 626 98 p720 749 8 43 .... .... 730 63 c720 1.2k 9 20 .... .... 1128 43 p730 296 13 52 .... .... 2633 90 c730 1.0k 4 .... .... 322 15 c740 1.5k 1 80 .... .... 2919 47 p740 310 23 .... .... 1041 60 c750 3.2k 0 65 1.2k 8 65 2214 92 c760 3.0k 0 25 .... .... 1111 03 c770 2.0k 0 10 .... .... 10 8 18 c780 1.5k 0 05 .... .... 111 6 40 c790 394 0 04 .... ....1.6k 4 41 c800 31 0 05 1.0k 0 85 1.1k 3 10 c810 100 0 02 .... .... 154 2 05 c820 .... .... .... .... 313 1 44 c830 .... .... .... .... 210 0 82 c880 .... .... .... .... 153 0 15 p5800 .... .... 126 0 75 .... .... p5900 .... .... 128 1 03 .... .... p6100 .... .... 1.0k 1 66 .... .... p6200 .... .... 2.4k 2 .... .... p6300 .... .... 5.2k 2 76 .... .... p6400 .... .... 1.3k 3 38 .... .... p6600 .... .... 338 5 90 .... .... p6700 .... .... 367 8 13 .... .... p6800 .... .... 284 9 49 .... .... c2150 c2175 c2200 c2225 c2250

Jun

c85 2.1k 0 16 285 1 65 463 3 45 CdnSolar Close 32.54 Jul c35 2.4k 1 45 323 3 85 4 Celgene Close 62.49 Jul c65 5.4k 0 35 654 2 30 422 3 30 Cemex Close 28.51 Jul p30 7 1 10 2.9k 2 32 no tr Cheniere Close 5.34 Sep 60 p5 5.4k 0 2.6k 1 05 2.6k 1 60 c5 3.8k 1 66 1 50 320 2 20 p7 50 1.1k 2 25 2.2k 2 70 168 3 20 c7 50 2.5k 0 20 12k 0 60 1.1k 1 20 ChesEng Close 56.67 Jul p52 50 2.1k 0 15 1.3k 1 29 8 2 05 Chevron Close 97.39 Sep p95 1.3k 0 55 4.1k 2 35 195 4 90 c95 916 2 65 3.5k 4 40 65 7 16 c100 486 0 30 3.3k 1 75 73 4 60 ChildPlc Close 29.40 Sep c22 50 2.5k 6 80 no tr no tr ChinaSun Close 9.86 Sep c10 465 0 45 2.6k 1 30 74 1 75 Chipotle Close 94.93 Sep c100 2.8k 0 50 35 3 40 5 7 50 p100 3.6k 6 20 12 9 20 9115 90 p105 4.9k10 70 112 70 no tr c105 5.0k 0 13 41 1 85 1 6 CircCity Close 5.07 Jul c5 7.4k 0 25 7.2k 0 55 1.6k 0 70 c7 50 6.9k 0 05 74 0 10 2.7k 0 15 p7 50 6.7k 2 43 no tr 121 2 55 Cisco Close 25.49 Jul c27 50 no tr no tr 3.9k 0 47 Cisco fr Close 25.49 Jul p25 4.2k 0 18 1.1k 0 71 no tr c25 3.0k 0 66 2.4k 1 27 1.5k 1 59 p26 6.0k 0 70 3.5k 1 12 127 1 48 c26 4.3k 0 18 4.8k 0 73 no tr c29 25 0 01 3.0k 0 09 no tr Citigrp Close 23.63 Sep p20 no tr no tr 2.6k 1 06 c30 no tr 3.1k 0 11 1.2k 0 51 Citigrp fr Close 23.63 Sep c22 50 4.1k 1 37 3.0k 2 06 no tr p22 50 10k 0 19 6.1k 0 86 3.1k 1 89 p25 14k 1 47 2.7k 2 12 705 3 10 c25 40k 0 14 20k 0 83 no tr c27 50 2.3k 0 03 5.6k 0 28 4.0k 0 99 ClearChan Close 30.00 Jul p20 no tr 136 0 22 7.0k 0 35 p25 2.0k 0 20 3.2k 1 17 130 1 70 50 10 c27 4.4k 3 25 4 50 20 5 10 p27 50 1.8k 0 50 925 1 99 15 2 85 c30 18k 1 35 6.1k 3 40 1.1k 4 10 p30 2.9k 1 35 1.6k 3 30 60 4 20 c32 50 6.7k 0 70 6.4k 2 45 314 2 35 c35 5.5k 0 40 1.0k 1 40 3.3k 1 50 Clearwire Close 14.10 Sep p15 2.1k 1 35 35 1 58 10 2 45 CntwdFn Close 4.76 Jul p3 691 0 05 29k 0 39 no tr p4 1.9k 0 14 9.1k 0 61 429 0 80 54 p5 2.3k 0 2.0k 1 03 415 1 20 CompCrd Close 10.35 Jul c12 50 5.7k 0 10 11 0 60 no tr p12 50 5.7k 2 15 22 2 85 no tr ConEd Close 41.95 Aug c40 30k 1 80 185 2 10 128 2 35 Conns Close 17.81 Jul p20 2.7k 3 10 no tr no tr

Exp. Strike Last Exp. Strike Last Exp. Strike Last Date Price Vol Price Date Price Vol Price Date Price Vol Price

May

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

May

Jun

c20 3.1k 0 10 no tr no tr ConocPhil Close 88.71 Aug p85 2.1k 0 30 1.2k 1 95 169 3 70 p90 2.0k 2 03 479 3 95 121 6 50 c90 2.0k 0 80 1.5k 2 58 302 4 75 Corning Close 26.08 Aug p25 3.8k 0 15 2.6k 0 60 18 1 20 CorusBks Close 6.68 Sep 05 c10 2.8k 0 350 0 05 no tr p10 2.5k 3 40 405 3 60 96 4 30 Costco Close 71.44 Jul p70 3.0k 0 47 427 1 95 26 2 57 Cree Close 24.85 Sep c7 50 3.2k17 50 no tr no tr p30 4.5k 5 1 5 20 20 6 90 c30 4.5k 0 05 111 0 45 20 1 85 Crocs Close 11.14 Sep c10 1.8k 1 15 152 1 65 41 2 65 CVRD Close 39.58 Sep p35 34 0 05 2.5k 0 60 70 1 92 c35 69 4 55 5.5k 5 10 66 6 45 p37 50 383 0 27 6.3k 1 25 262 2 99 p40 2.3k 1 21 128 2 39 46 4 05 c40 2.9k 0 73 6.3k 2 502 4 c42 50 507 0 14 3.6k 1 10 7.5k 2 95 c45 55 0 03 534 0 56 7.5k 2 05 CVS Care Close 41.34 Aug c42 50 2.3k 0 15 2.4k 0 85 2.6k 1 70 DataDom Close 20.62 Sep 15 p20 128 0 665 0 60 2.2k 1 35 Deere Close 86.31 Sep c90 1.0k 1 32 176 3 40 10k 6 79 c115 no tr no tr 20k 1 12 Dell Inc Close 19.03 Aug p19 6.9k 0 30 3.4k 0 84 3.3k 1 25 c20 456 0 08 2.0k 0 48 50 0 92 c21 90 0 03 85 0 24 2.1k 0 57 DeltaPet Close 23.32 Sep p20 no tr no tr 3.0k 1 50 DJIA Di fr Close 127.51 Sep 41 p125 2.0k 0 426 2 09 32 4 80 c126 2.7k 2 06 6 4 43 1 6 75 p126 3.1k 0 66 1.1k 2 45 no tr p127 2.6k 1 685 2 82 no tr c127 4.1k 1 40 no tr 9 6 15 p128 5.3k 1 47 767 3 20 no tr c128 5.9k 0 87 no tr no tr c129 2.9k 0 45 no tr no tr p129 3.0k 2 17 120 4 20 42 6 60 c132 3.1k 0 02 1.2k 0 93 no tr DresserR Close 39.14 Sep c45 no tr 199 0 40 2.0k 1 60 DrilQuip Close 59.54 Sep p55 4.9k 0 65 80 2 20 no tr DRS Tech Close 74.80 Sep c75 639 2 3.1k 2 70 no tr eBay Close 30.00 Jul 54 c30 1.6k 0 2.2k 1 29 983 1 91 Ecolab Close 45.15 Jul p45 1.9k 0 80 84 1 70 65 2 15 EgyConv Close 47.74 Sep p45 7.9k 0 60 613 2 80 187 5 81 c45 1.2k 3 30 2.2k 5 90 325 9 10 c50 7.6k 0 90 1.0k 3 20 70 6 80 c55 3.2k 0 25 676 1 80 81 4 80 EKodak Close 17.14 Jul c17 50 4.4k 0 35 5.8k 0 85 2.2k 1 05 c20 365 0 05 2.4k 0 25 556 0 33 Elan Close 27.47 Jul p25 180 0 20 256 2 3.0k 3 40

AmbacFn

20 Most Active Index Options SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 SPX500 Rus2000 SPX500

Jun Jun Jun Jun Jun Jul May Jul May Jul Jul Jun Jun Jun May Jun May Jun Jun May

1100 1350 1000 1300 1250 1325 1475 1350 1350 1400 1100 1400 1385 1390 1250 1390 1300 1190 650 1320

Index Price Put 1388.28 Put 1388.28 Put 1388.28 Put 1388.28 Put 1388.28 Put 1388.28 Call 1388.28 Put 1388.28 Put 1388.28 Call 1388.28 Put 1388.28 Call 1388.28 Call 1388.28 Put 1388.28 Put 1388.28 Call 1388.28 Put 1388.28 Put 1388.28 Put 720.05 Put 1388.28

Optn Price 0.65 20.80 0.20 10.50 2.10 24.10 0.05 32.40 2.95 40.40 2.20 27.34 36.50 34.00 0.30 32.00 0.70 2.25 4.50 1.00

Optn Chg. + 0.10 + 2.59 + 0.05 + 0.90 – 2.40 + 0.60 – 0.13 + 3.40 – 0.05 – 2.60 + 0.17 – 3.01 – 1.50 + 0.50 – 0.10 – 6.00 – 0.10 + 0.30 – 0.71 – 0.20

20 Most Active Stock Options Vol 21509 20926 19750 17042 14677 12359 11700 10272 9962 9839 9350 8643 8166 8151 7957 7828 7710 7208 6440 6290

SPDR fr Citigrp fr iShR2K fr USSteel iShR2K fr AmIntGp PSh QQQ fr ConEd Yahoo Apple fr SP Fncl Yahoo SPDR fr AmIntGp Citigrp fr SprintNex Deere UAL Cp iShR2K fr SPDR fr

May May Jun May May May May May May May Jun Jun Jun May Jun May Sep Sep May May

140 25 75 130 75 40 50 40 25 180 25 25 140 45 25 10 115 15 70 140

Put Call Call Call Call Put Call Call Put Put Put Put Put Call Call Call Call Call Put Call

Stock Price 138.90 23.63 71.50 171.12 71.50 40.28 48.21 41.95 25.93 183.45 25.95 25.93 138.90 40.28 23.63 9.38 86.31 13.71 71.50 138.90

Optn Price 1.83 0.14 0.92 40.80 0.05 0.92 0.05 1.80 0.64 2.03 0.78 1.40 4.10 0.06 0.83 0.40 1.12 2.75 0.30 0.86

Optn Chg. + 0.03 – 0.24 + 0.08 – 0.11 – 0.04 + 0.50 – 0.04 .. + 0.09 – 0.03 .. + 0.15 + 0.30 – 1.19 – 0.24 + 0.25 + 0.07 + 0.30 – 0.20 – 0.24

Vol 58786 40041 40039 39514 37242 35911 31169 30097 29705 28383 28178 24268 22223 21352 20697 20236 20210 20055 19619 19455

Indexes Total Call Vol.

Index

A daily article about option strategies, provided exclusively for IBD readers by Optionetics, is now available at our companion Web site.

INVESTORS.COM/OPTIONS Last Last P Strike Last C Price Vol. Price Vol. Price Vol. Price

May

Jun

no tr 3.2k 3 50 2.4k 5 10 no tr no tr 2.7k 1 EleArt Close 52.61 Sep p50 2.3k 0 60 349 1 30 2 3 ElPasoCp Close 19.23 Jul 45 c19 4.0k 0 2.2k 0 95 382 1 20 c20 836 0 15 1.2k 0 55 3.3k 0 80 EMC Close 15.96 Jul c18 22 0 01 63 0 11 2.0k 0 26 Enzon Close 9.47 Aug 50 95 c7 2.0k 1 no tr no tr EricsnTl Close 25.21 Jul p25 5.3k 0 40 2.0k 1 197 1 40 ETrade Close 3.85 Jul p4 1.3k 0 25 2.7k 0 45 30 0 55 ExpScript Close 70.79 Aug 20 p65 61 0 2.2k 1 05 no tr ExxonMob Close 88.82 Jul p85 2.1k 0 18 3.4k 1 42 267 2 25 c90 3.8k 0 65 1.4k 2 51 440 3 50 p90 2.9k 1 73 702 3 40 140 4 15 FannieM Close 27.81 Sep c28 3.0k 0 85 145 2 30 102 4 23 p35 no tr 5 7 70 2.4k 9 30 p70 no tr 4.0k42 50 no tr FedEx Close 90.37 Jul p90 6.3k 1 35 126 3 80 180 4 68 FHLB Close 25.15 Jul 50 40 p22 4.1k 0 no tr no tr p24 1.8k 0 72 24 2 1 2 33 FM C&G Close 114.22 Aug p105 412 0 68 1.9k 4 25 508 8 60 p110 3.0k 1 75 2.3k 6 20 6811 05 c115 2.9k 2 88 1.7k 7 80 31512 20 c120 2.8k 1 30 557 5 65 38010 10 c125 2.3k 0 60 483 4 122 8 60 FordM Close 8.10 Sep c8 5.7k 0 27 499 0 61 159 1 08 ForestL Close 33.90 Aug c35 2.4k 0 25 1.2k 1 05 70 1 95 FstSolar Close 284.50 Sep p270 1.9k 2 90 32616 50 no tr c280 2.1k10 80 61025 10 2548 70 p280 2.8k 6 10 39220 30 344 17 c300 2.8k 2 85 19616 80 3241 20 Gap Close 17.94 Sep p17 50 250 0 20 2.0k 0 80 10 1 45 Garmin Close 42.08 Jul p40 12k 0 40 87 1 90 53 2 70 Gen El Close 32.27 Sep c32 50 no tr 2.6k 0 81 1.5k 1 62 GenElec fr Close 32.27 Sep c31 1.9k 1 32 no tr no tr p32 3.2k 0 25 no tr no tr c32 2.5k 0 53 no tr no tr p33 3.3k 0 88 no tr 20 0 69 c33 5.1k 0 13 no tr no tr p34 631 1 72 2.3k 2 20 2 78 c34 2.0k 0 04 1.3k 0 31 563 0 99 Genentc Close 68.53 Sep c75 2.3k 0 22 1.5k 1 40 23 3 GenMotrs Close 20.29 Sep p17 50 328 0 07 2.3k 0 55 567 1 78 c20 2.4k 0 74 722 1 56 732 2 78 p20 8.6k 0 63 4.1k 1 42 205 2 84 p22 50 4.9k 2 56 8.5k 3 62 4 30 GenomicH Close 19.16 Sep c22 50 no tr no tr 3.0k 0 65 GoldmanS fr Close 188.09 Jul 09 p180 2.5k 1 no tr 40 8 43 p185 4.5k 2 41 286 8 45 no tr c185 2.8k 5 20 20 0 70 no tr p190 4.2k 4 75 no tr no tr c190 5.2k 2 60 293 9 30 no tr c195 4.3k 1 12 274 7 no tr c200 2.2k 0 41 474 5 10 no tr Google Close 573.20 Sep p540 2.0k 2 10 no tr 1 35 p550 2.5k 3 70 no tr 4439 20 Google fr Close 573.20 Sep p560 3.8k 6 60 no tr 644 20 c560 2.1k19 60 no tr 11260 62 p570 3.8k 10 8425 60 no tr c27 c40

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

May

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

Jun

3.9k13 60 50030 20 no tr 8.4k 8 90 no tr 67 51 5.3k 14 no tr no tr 5.8k 5 70 1 0 45 3046 90 3.9k21 70 13737 35 4358 80 10k 3 40 91617 60 11242 17 2.4k 2 no tr 5 38 HansenMd Close 18.27 Sep c15 1.9k 3 10 no tr 1.9k 3 80 HansnNatu Close 28.60 Sep 25 c30 2.1k 0 693 1 45 81 3 40 HewlettPk Close 49.13 Aug c47 50 259 2 18 2.4k 3 14 319 4 10 p47 50 3.8k 0 51 377 1 40 23 2 25 c50 1.9k 0 70 1.2k 1 75 105 2 55 HomeDp Close 27.98 Aug c30 no tr 2.1k 0 55 228 1 05 HonwellInt Close 59.59 Sep p57 50 2.2k 0 21 156 1 26 2 2 91 HovnanEnt Close 9.00 Aug p10 2.2k 1 10 284 1 80 1.2k 2 40 c12 50 140 0 01 300 0 20 2.2k 0 60 HSBC Close 84.07 Sep p80 10k 0 37 19k 1 40 216 3 30 IBM fr Close 124.06 Jul c125 4.4k 1 447 3 30 167 4 80 Intel Close 23.37 Jul p24 2.0k 0 77 1.6k 1 22 no tr Intel fr Close 23.37 Jul p23 4.2k 0 22 1.8k 0 72 no tr InterOil Close 27.19 Sep c30 2.4k 0 95 122 3 109 4 40 p30 2.3k 4 40 30 6 60 33 8 70 c40 2.6k 0 10 203 1 05 no tr p40 2.5k13 20 no tr no tr Invernss Close 34.56 Aug c35 597 1 1.9k 2 35 999 3 70 iShBrazil Close 92.88 Sep p90 2.3k 0 85 820 3 30 4 7 27 iShChin25 Close 328.30 Aug 60 p150 920 2 5.1k 7 48 76112 10 iShEMkt fr Close 147.00 Sep p130 118 0 09 4.1k 1 39 1.5k 5 10 p135 no tr 2.3k 2 20 no tr p145 7.4k 1 77 3.3k 5 13 no tr c150 1.7k 1 12 2.4k 4 65 46 9 iShEmMkt Close 147.00 Sep p140 4.4k 0 61 no tr 27 8 32 c155 no tr 4.1k 2 44 18 6 70 iShNqBio Close 77.42 Sep p75 2.5k 0 40 10 1 25 no tr iShR2K fr Close 71.50 Aug p65 66 0 02 1.5k 0 75 2.0k 1 55 p67 3.7k 0 05 340 0 84 no tr p68 8.5k 0 11 13k 1 06 12 2 35 p69 3.7k 0 18 30k 1 29 39 2 65 c69 2.6k 3 03 10 4 05 62 5 20 c70 4.9k 2 20 no tr no tr p70 19k 0 30 9.1k 1 58 no tr p71 17k 0 63 31k 2 22 2.1k 3 40 c71 11k 1 52 91k 3 03 2.0k 4 04 p72 43k 1 02 50k 2 34 no tr c72 6.7k 0 83 3.6k 2 15 no tr p73 10k 1 57 1.6k 2 78 no tr c73 15k 0 45 4.1k 1 80 no tr c74 11k 0 18 24 1 50 no tr p74 2.2k 2 43 no tr no tr c75 37k 0 05 40k 0 92 2.0k 2 04 c76 2.9k 0 02 6.5k 0 60 no tr c77 2.5k 0 01 981 0 41 no tr iShRs2000 Close 71.50 Aug p56 no tr 28k 0 09 no tr p62 no tr 4.8k 0 33 no tr p64 23k 0 03 21k 0 40 no tr p66 2.1k 0 05 424 0 63 103 1 93 JA Solar Close 23.54 Sep c22 50 4.5k 2 20 592 3 50 105 5 20 p22 50 2.0k 1 20 181 2 25 18 4 10 c25 5.8k 1 10 635 2 40 307 4 22 JCrew Close 46.55 Sep c47 50 10 0 90 3.0k 2 30 161 4 70 JetBlue Close 4.58 Sep c7 50 no tr 2.2k 0 03 no tr c570 c580 p580 c590 p590 c600 c610

Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price

4.38 Apple 183.45 cJan09 30 5.1k 0 19 cJan09 30 2.5k 1 10 pJan09 5 2.2k 1 90 pJan09 15 1.5k 3 65 Cameco 40.24 Citigrp 23.63 cJan09 7 50 2.5k 0 75 pJan09 130 1.5k 6 10 cJan09 50 1.6k 2 50 pJan09 10 1.0k 0 25 ACmclLn 15.91 AMD 6.94 Arris 7.95 Caterpillr 81.76 pJan09 15 1.3k 0 68 cJan09 20 2.3k 1 40 50 67 65 20 50 cJan09 10 4.7k 0 cJan09 70 2.0k 15 cJan09 17 6.0k 7 40 Aetna 43.25 pJan10 7 749 2 42.05 BankAm 36.65 Cheniere 5.34 cJan09 20 2.4k 5 35 cJan09 50 7.3k 2 40 Amgen 50 pJan10 30 1.3k 3 85 cJan09 40 1.6k 0 05 cJan10 20 820 6 75 Alcatel 6.96 cJan09 45 789 3 40.28 BearStrn 10.23 ChespEng 56.67 pJan09 20 2.2k 1 75 cJan09 7 50 2.4k 0 80 AmIntGp 85 pJan09 60 7.0k 50 cJan09 60 950 6 20 cJan09 25 1.1k 2 62 Alcoa 39.04 pJan09 25 1.2k 0 97.39 cJan10 25 764 4 35 cJan09 30 3.0k 11 06 pJan09 30 10k 1 85 pJan09 70 1.0k 60 Chevron pJan09 30 3.2k 1 83 pJan09 35 5.6k 3 40 pJan09 80 1.0k 70 cJan09 105 1.1k 4 80 cJan10 27 50 1.2k 3 41 65 pJan09 85 1.0k 75 pJan09 40 3.2k 5 ChicBrIr 39.52 cJan09 27 50 4.0k 1 72 AlphaNRs 58.46 80 10.23 cJan09 45 877 4 20 cJan10 30 2.4k 2 70 cJan09 90 1.0k 2 80 cJan09 45 3.1k 3 BearStrns 41.28 cJan09 30 2.4k 1 17 AlteraCp 22.50 cJan09 50 10k 2 34 pJan09 100 1.0k 90 CIGNA 29.85 cJan09 43 38 2.7k 3 75 cJan09 35 783 0 50 cJan09 25 1.7k 1 75 cJan09 55 9.2k 1 32 BJ Svcs 5.07 cJan10 35 3.9k 1 65 AlumChi 40.98 cJan09 65 3.0k 0 43 pJan09 27 50 1.0k 2 45 CircCity 11.38 BostSci 13.42 cJan09 7 50 5.7k 0 30 CntwdFn 4.76 cJan09 40 1.2k 7 90 AmkorT 25.49 pJan09 2 50 3.1k 0 61 pJan09 40 1.2k 6 60 cJan09 12 50 1.6k 1 65 pJan09 12 50 1.5k 1 38 Cisco 52.73 BrMySq 21.71 cJan09 22 50 2.1k 4 70 cJan09 20 764 0 01 cJan09 45 1.0k 6 Anthem 90 10 50 16 pJan09 45 1.0k 9 cJan09 55 5.5k 5 pJan09 20 10k 1 pJan09 25 5.3k 2 ComcA 21.68 Exp. Strike Last Date Price Vol Price

Stock Options Leaders

Jun

350 0 15 .... .... .... .... 97 0 20 171 2 90 .... .... 103 0 15 5.1k 2 97 .... .... 3.3k 0 20 3.1k 3 50 3.1k 8 90 54 0 30 247 4 20 .... .... 2 0 25 775 4 40 .... .... 2 136 30 2.0k 142 .... 7.9k 0 30 14k 2 10 21812 20 .... .... 116 5 02 .... .... 104 0 32 202 5 85 .... .... 567 0 45 242 6 80 .... .... 3.3k 0 45 255 7 18 11315 40 1.9k 0 35 85 7 80 .... .... 4.0k 0 45 214 9 20 .... .... 7.7k 0 70 17k10 50 1.4k 19 2.3k 0 80 3511 30 .... .... .... .... 500 89 .... .... 4.8k 0 80 6212 11 .... .... 6.2k 1 714 18 .... .... 4.2k 1 25 5.5k13 50 12k24 10 2.1k 1 50 156 16 .... .... 438 1 80 51 17 .... .... 1.5k 2 10 13518 72 .... .... 426 2 40 1 19 .... .... 9.9k 2 95 20k20 80 10k32 40 5.9k 40 5.3k 58 5 70 264 3 50 .... .... .... .... 3.9k 4 20 81323 30 .... .... 2.9k 5 30 226 07 .... .... 3.1k 5 80 30128 40 .... .... 5.9k 8 20 5.6k27 06 3.2k40 10 1.7k 20 39841 10 4056 10 3.2k 9 50 2.5k31 70 .... .... 87 16 90 10038 42 .... .... 106 13 84 8.1k36 50 .... .... 1.6k 11 30 5.6k 33 .... .... 4.0k 12 7.8k 32 .... .... 3.8k 13 40 8.1k 34 .... .... 219 9 10 24931 50 .... .... 985 15 08 236 60 .... .... 1.7k 19 4.5k38 50 3.8k 49 5.8k 7 8.6k27 34 9.8k40 40 825 5 50 7124 70 .... .... 5.3k 4 37323 20 .... .... 648 28 344 40 .... .... 3.8k 2 35 13 20 .... .... 4.5k 1 72 8219 65 .... .... 2.9k 1 10 1.2k16 50 800 27 507 0 85 7214 50 .... .... 1.6k 0 56 .... .... .... .... 1.3k 0 40 917 12 .... .... 574 0 26 .... .... .... .... 6.1k 0 20 3.9k 8 80 1.3k17 50 699 0 15 .... .... .... .... 1.0k 0 13 558 5 80 85114 50 1.3k 0 11 .... .... .... .... 1.4k 0 10 752 4 70 .... .... 11k 0 05 1.1k 3 62 410 70 325 0 05 4.0k 3 50 .... .... 93 0 07 404 2 20 .... .... 157 0 05 22 1 70 .... .... 25 0 05 2.8k 1 40 2.9k 6 20 161 0 05 80 1 10 .... .... 30 0 10 218 0 95 4 4 80 .... .... 505 0 90 148 3 80 110 0 10 176 0 60 116 3 10 0 05 478 0 50 1.4k 2 50 10 0 05 195 0 40 .... .... .... .... 100 0 35 .... .... 10 0 05 129 0 27 106 1 70 .... .... 156 0 20 50 1 50 .... .... .... .... 144 0 80 UtlIdx Close 532.41 Jul p530 .... .... 1.2k 15 .... ....

p1205 p1210 p1215 p1225 p1235 p1240 c1250 .... p1250 p1255 p1260 p1270 p1275 p1280 p1290 p1300 p1305 c1310 p1310 p1320 p1325 p1330 p1335 p1340 p1345 p1350 c1350 p1355 p1360 p1365 p1370 p1375 c1375 p1380 c1380 c1385 p1385 c1390 p1390 c1395 p1395 p1400 c1400 c1405 c1410 p1410 c1415 c1420 c1425 c1430 c1435 c1440 c1445 c1450 c1455 c1460 c1465 c1470 c1475 c1480 c1490 c1495 c1500 c1505 c1510 c1515 c1520 c1525 c1530 c1535 c1540 c1550 c1570

A15

MONDAY, MAY 12, 2008

Index Options

Comprehensive volume and prices for Friday, May 9, 2008. Investor’s Business Daily shows options in a time-saving alphabetical list, Closing prices may vary due to after hour settlements/trading at time of data transmission. with expiration month in the first column. Closing prices are as of 4 p.m. P Strike Last Last Last P Strike Last Last Last P Strike Last Last Last P Strike Last Last Last Eastern and do not reflect after-hours settlements/trading.

cJan09 22 50 4.0k 2 pJan09 7 50 3.8k 4 85 FordM 8.10 pJan09 22 50 4.0k 2 60 cJan09 7 50 854 1 88 cJan09 7 50 2.3k 1 76 ConocPhil 88.71 DukeEgy 18.46 cJan09 10 909 0 70 cJan09 80 1.0k 13 15 pJan09 15 1.0k 0 45 FuelTch 22.76 ConsolEgy 91.17 cJan09 22 50 1.0k 0 15 pJan09 25 889 6 cJan09 100 1.5k 11 61 Dycom 14.50 cJan09 25 1.0k 2 85 pJan09 100 1.5k 19 69 cJan09 15 2.0k 2 GenElec 32.27 Crocs 11.14 EMC 15.96 pJan09 30 1.8k 1 72 cJan09 15 1.2k 1 70 cJan09 17 50 2.3k 1 37 cJan10 30 1.1k 5 05 CVRD 39.58 pJan09 20 1.1k 4 40 cJan09 35 1.0k 1 28 pJan09 23 75 1.0k 0 38 EricsnTl 25.21 cJan10 40 10k 1 41 pJan09 35 2.0k 3 20 cJan09 27 50 1.7k 2 35 Genentch 68.53 CVS Cp 41.34 Exxon 88.82 cJan09 90 1.3k 1 40 cJan09 45 1.9k 2 15 cJan09 90 1.6k 7 70 GenMotr 20.29 Disney 34.30 FanniMae 27.81 pJan09 12 50 1.0k 1 25 pJan09 25 1.0k 0 45 pJan09 22 50 5.0k 3 80 cJan09 30 2.6k 1 04 Dndreon 5.10 pJan09 25 1.4k 4 79 cJan09 35 3.6k 0 55 pJan09 2 50 3.8k 0 48 cJan09 40 2.7k 1 95 Genworth 22.54 cJan09 5 1.0k 2 14 FMCG 114.22 cJan09 25 14k 2 05 pJan09 5 3.1k 2 53 pJan09 100 1.1k 12 95 pJan09 25 1.0k 4 50

May

Jun

Close 27.32 Jul p24 no tr 1.4k 0 35 10k 0 90 p25 no tr 3.7k 0 55 10k 1 15 c27 142 0 60 5.5k 1 55 no tr c27 50 no tr no tr 5.2k 1 80 JohnJn Close 66.55 Jul p65 10 0 10 5.3k 0 80 740 1 22 p70 53 3 60 3 3 90 3.0k 4 20 JosphBnk Close 24.97 Jul p30 5.1k 5 30 54 5 90 no tr c30 5.1k 0 10 115 0 90 14 1 55 10 c35 4.0k 0 47 0 39 no tr p35 4.3k 9 70 89310 50 no tr JPMorg fr Close 46.57 Sep c47 50 2.2k 0 47 no tr 52 3 50 JPMorgCh Close 46.57 Sep p45 2.6k 0 35 1.0k 1 48 204 3 35 KimbClk Close 62.35 Jul p60 no tr 2.0k 0 65 11 0 95 KinrossG Close 20.06 Aug c20 1.8k 0 55 941 1 50 84 2 25 Kookmin Close 61.96 Sep p50 no tr 3.2k 0 20 no tr p60 no tr 3.2k 2 20 no tr LaZBoy Close 6.41 Jul c7 50 1.8k 0 05 no tr no tr p7 50 1.8k 1 35 no tr 36 1 90 LDK Solr Close 37.05 Sep p17 50 no tr 18 0 05 2.0k 0 40 c35 2.4k 3 10 564 4 60 141 6 62 c40 4.4k 1 15 877 2 65 140 4 60 LehmBr Close 43.54 Jul c46 2.1k 0 44 102 2 27 15 3 05 p75 no tr no tr 2.2k31 60 LehmnBr Close 43.54 Jul p40 3.9k 0 46 403 2 16 142 2 90 p44 6.4k 1 62 172 3 75 20 4 55 Lennar A Close 18.41 Aug p17 50 2.2k 0 45 478 1 35 150 2 15 Limitd Close 17.95 Aug p15 no tr 7.5k 0 20 no tr Linear Close 36.30 Aug p35 25 0 20 3.7k 0 85 264 1 80 lululemon Close 33.65 Sep p35 5.9k 2 40 4 no tr c35 5.8k 0 40 75 1 90 2 4 16 LVSands Close 71.73 Sep p70 5.9k 0 95 217 3 60 67 7 27 Macys Close 23.21 Aug p22 50 1.4k 0 45 2.2k 1 35 no tr c25 3.2k 0 20 629 0 80 48 1 70 MaguirePr Close 17.50 Jul c17 50 1.8k 0 45 10 1 25 no tr Marathon Close 52.56 Jul p50 2.0k 0 35 425 1 75 140 2 50 c55 3.0k 0 30 492 1 70 375 2 45 MarkWstE Close 36.37 Aug c35 3.8k 1 60 no tr 2 2 60 c40 no tr no tr 3.8k 0 80 MarvelEnt Close 33.66 Sep p25 no tr 6.5k 0 15 no tr p30 130 0 10 4.6k 0 55 1.9k 1 90 c40 63 0 05 248 0 20 1.9k 1 MarvellT Close 13.39 Aug c12 50 369 1 2.5k 1 33 2.5k 1 65 c15 no tr 2.7k 0 28 1.6k 0 50 MasterCd Close 286.85 Jul p280 2.7k 3 17310 20 8814 20 c300 3.2k 1 80 766 9 60 13413 40 c310 2.5k 0 65 234 6 70 12010 30 MBIA Close 9.43 Aug p7 50 4.1k 0 30 no tr 1.5k 1 25 p8 no tr 8.8k 0 95 no tr c10 2.0k 0 70 459 1 20 57 1 83 p10 8.4k 1 45 8.9k 1 90 51 2 40 c11 2.4k 0 45 141 0 90 39 1 60 c12 no tr 7.7k 0 50 no tr McDermInt Close 53.90 Aug c60 2.1k 0 20 35 1 29 45 3 Medicis Close 22.35 Jul 50 p17 no tr no tr 2.0k 0 25 c22 50 2.9k 0 55 2.5k 1 25 727 1 55 MedisTch Close 9.44 Jul JnprNtw

Last Last P Strike Last C Price Vol. Price Vol. Price Vol. Price

SPX500 Rus2000 Nasd100 DJ Inds SP100 SP100 Eur GS Idx Bank Idx OilSvc SemiconIdx SPX q OEX100 st UtlIdx

132,875 35,311 14,188 8,754 16,689 1,387 1,056 300 588 397 1 2,478 1,205

Last Last P Strike Last C Price Vol. Price Vol. Price Vol. Price

May

Jun

Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price

13.77 pJan09 45 1.3k 3 40 pJan09 105 1.0k 1 50 11.42 cJan09 15 1.0k 1 55 cJan09 60 1.6k 3 70 Mylan 33.66 pJan09 12 50 765 2 35 Goodyear 27.88 MarvelE 41.02 pJan09 25 1.0k 2 60 pJan09 25 4.7k 1 15 MyriadG 80 pJan09 35 755 3 50 pJan09 30 4.1k 2 Hallibtn 48.12 286.85 cJan09 50 792 5 80 cJan09 50 988 4 55 MasterCd 40 NetApp pJan09 260 1.0k 22 26.30 IntlPapr 25.82 36.49 pJan09 20 736 1 05 pJan09 22 50 9.0k 1 55 McAfee cJan10 45 1.7k 3 43 NewfExpl 62.74 iShChin25 152.01 48.45 cJan09 60 2.4k 9 90 pJan09 170 838 30 70 MerrLyn pJan09 40 959 3 50 NewmntM 45.73 cJan09 180 1.0k 8 01 MGM Mir 51.25 pJan09 50 3.0k 7 70 JnprNtw 27.32 pJan09 45 1.5k 4 70 Nortel 8.07 cJan09 30 2.0k 3 22 MicronTc 8.37 cJan09 10 5.0k 0 90 pJan09 30 2.0k 5 40 cJan09 10 4.8k 0 85 NortrpG 74.38 JohnJns 66.55 cJan09 12 50 808 0 30 cJan09 80 1.5k 3 80 pJan09 65 1.0k 3 30 Microsft 29.39 Nucor 78.41 cJan09 80 771 0 25 cJan09 25 4.2k 5 63 pJan09 70 804 7 80 LockhdM 105.84 cJan09 30 830 2 46 OcciPet 87.85 cJan09 115 1.9k 4 70 cJan09 37 50 979 0 42 cJan09 90 1.3k 9 90 GoldFLtd

MarathnO

52.56 Mosaic

126.42 PepsiCo

67.51

Call Open Interest

Put Open Interest Index

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

May

Total Put Vol.

Call Open Interest

Put Open Interest

20 237 152 2 0 96 0 6 20 0 27 0

1 154 10 3 90 0 20 19 0 10 0 2

5,314 33 188 325 0 117 0 45 47 0 0 0

449 205 10 0 186 0 178 95 0 22 0 0

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

Jun

May

Close 94.44 Jul p90 981 0 20 2.1k 1 80 25 2 69 p95 3.4k 1 70 672 3 60 64 4 60 RetailVent Close 4.70 Sep p5 no tr 5.0k 0 50 no tr RschMotn Close 132.77 Sep p120 2.8k 0 27 478 3 30 45 9 70 c120 2.1k12 88 383 16 30023 75 p125 4.8k 0 71 511 4 75 1011 90 c125 2.4k 8 55 25312 65 2020 70 p130 15k 2 03 1.1k 6 80 53214 31 c130 5.0k 4 70 1.3k 9 55 28317 85 p135 4.0k 4 45 541 9 10 7816 65 c135 17k 2 48 4.8k 7 30 8615 80 c140 8.0k 0 77 1.4k 5 10 8113 90 c145 1.5k 0 25 5.3k 3 58 3411 90 Ryland Close 30.79 Jul c32 50 3.4k 0 33 7 1 60 45 2 35 Saks Close 13.19 Aug p12 50 265 0 20 75 0 80 2.0k 1 15 SanDisk Close 29.18 Jul c30 2.4k 0 42 405 1 45 441 2 10 Sap AG Close 48.72 Sep p47 50 2.1k 0 40 4 1 45 no tr p50 2.5k 1 75 11 2 95 no tr SeagateTc Close 20.23 Sep c20 422 0 55 2.4k 1 10 2.4k 2 02 SearsHldg Close 93.19 Sep p110 1.9k17 10 519 10 no tr c110 2.0k 0 05 11 1 10 43 4 10 SemicHlTr Close 31.74 Aug p32 50 2.9k 1 01 no tr 10 2 26 Shire Close 50.08 Jul c60 no tr no tr 2.1k 0 85 SiRF Tch Close 6.90 Sep c7 50 606 0 15 3.9k 0 65 107 1 17 SiriusSat Close 2.73 Sep c3 11k 0 05 17k 0 15 907 0 35 SLM Corp Close 21.70 Jul p20 2.0k 0 20 1.9k 0 95 10 1 55 Sohu.cm Close 75.82 Sep p50 no tr 2.0k 0 33 1.0k 1 85 p60 226 0 10 2.1k 1 25 1.0k 4 24 Solarfun Close 14.85 Sep c15 2.6k 0 55 403 1 60 26 2 85 Sothbys Close 24.91 Jul 85 c25 3.6k 0 645 1 80 57 2 40 SP Consum Close 32.20 Sep p33 27k 0 85 30 1 35 100 2 15 SP Engy Close 84.62 Sep p72 2.6k 0 04 76 0 50 no tr p83 7.5k 0 72 93 3 40 no tr c89 no tr 24k 1 68 no tr c93 no tr 12k 0 62 30 2 75 SP Engy fr Close 84.62 Sep p79 2.6k 0 20 361 1 58 no tr c79 2.4k 4 96 55 7 30 no tr p80 3.3k 0 25 1.8k 1 73 no tr p81 1.9k 0 34 2.6k 2 04 no tr p82 5.5k 0 53 2.8k 2 27 no tr c84 4.3k 1 70 2.4k 3 82 13 6 57 c85 835 1 13 12k 3 30 no tr SP Fncl Close 25.95 Sep p23 1.6k 0 02 15k 0 30 336 0 93 p24 622 0 05 7.2k 0 49 11k 1 20 c25 3.1k 1 06 1.0k 1 66 231 2 49 p25 9.7k 0 15 28k 0 78 3.9k 1 63 c26 10k 0 43 2.2k 1 05 126 1 89 p26 39k 0 49 5.8k 1 18 6.2k 2 03 c27 9.0k 0 14 10k 0 62 3.2k 1 42 p27 8.7k 1 20 2.5k 1 78 177 2 56 c28 1.8k 0 05 18k 0 33 352 1 01 p29 27 3 48 3 20 5.0k 3 76 c29 592 0 01 4.2k 0 17 101 0 72 c30 28 0 02 1.4k 0 10 5.3k 0 50 SP MidC Close 155.02 Sep c156 183 1 30 6.0k 3 75 no tr SP Tech Close 24.51 Sep p24 no tr 2.0k 0 53 no tr SPDR Close 138.90 Sep p131 10k 0 09 no tr no tr p133 3.3k 0 16 921 1 60 no tr c147 no tr no tr 1.9k 3 10 SPDR fr Close 138.90 Sep p127 58 0 03 410 0 71 2.1k 3 05 RetailHT

P Strike Last Last Last C Price Vol. Price Vol. Price Vol. Price

Jun

May

no tr 6.3k 1 08 no tr 4.1k 0 11 no tr 1.0k 4 25 2.2k 5 50 4.1k 6 90 12210 15 10k 0 22 3.6k 1 93 120 4 90 12k 0 29 11k 2 12 no tr 23k 0 45 20k 2 47 13 5 70 45k 0 65 13k 2 80 165 5 95 11k 2 69 no tr no tr 43k 0 92 8.6k 3 20 no tr 15k 1 97 412 4 05 5 7 75 26k 1 29 5.1k 3 50 no tr 37k 1 31 19k 3 50 2.8k 6 70 19k 0 86 3.6k 2 92 508 6 30 58k 1 83 22k 4 10 143 7 05 12k 0 47 1.5k 2 42 5 5 75 19k 2 42 6.0k 4 60 no tr 13k 0 23 1.8k 1 94 501 5 30 8.5k 3 30 no tr no tr 812 4 9.9k 5 60 no tr 16k 0 12 7.3k 1 54 3 4 60 5.2k 0 07 2.9k 1 17 no tr 2.4k 5 10 2.0k 6 50 no tr 6.8k 0 04 4.5k 0 91 no tr no tr no tr 2.5k 1 72 SprintNex Close 9.38 Aug p5 no tr no tr 4.6k 0 10 p9 3.2k 0 35 7.0k 0 85 4 1 c9 19k 0 79 485 1 25 153 1 55 p10 2.1k 1 10 2.8k 1 40 41 1 49 c10 20k 0 40 12k 0 75 534 1 c11 2.9k 0 25 422 0 50 3 0 83 c12 5.4k 0 15 389 0 20 65 0 50 sT Homebl Close 21.23 Sep p20 2.1k 0 20 168 1 2 2 05 c21 6.0k 0 65 13 1 45 6 2 64 p21 2.0k 0 51 230 1 40 43 2 60 p22 3.1k 1 05 1.1k 1 96 26 3 10 StarwdHt Close 52.13 Aug p50 15k 0 37 15k 1 93 563 3 60 StdPac Close 3.77 Sep c5 2.2k 0 05 1.1k 0 30 14 0 65 SthnCopp Close 111.66 Sep c80 20430 90 3.5k31 60 no tr c85 no tr 3.2k26 60 no tr c90 2820 90 2.1k21 60 224 90 c100 2.6k11 60 no tr 417 72 c105 2.8k 6 60 2610 50 117 30 SuncorEng Close 124.85 Sep p110 216 0 23 2.3k 1 95 19 5 80 p115 1.2k 0 50 4.6k 3 10 18 7 90 30 c115 3011 2.1k13 75 2318 50 c125 188 3 10 2.3k 7 10 8512 85 SunPower Close 82.30 Sep p80 230 1 85 2.0k 6 10 1512 10 SwnEngy Close 45.40 Sep c35 4.0k10 20 2610 60 112 60 c40 46 5 30 4.0k 6 70 1.4k 8 40 TakeTwo Close 26.67 Sep c27 50 1.5k 0 30 8.9k 0 80 660 1 50 Target Close 52.24 Jul p50 2.0k 0 18 1.0k 1 65 44 2 35 c52 50 3.9k 0 68 391 2 43 60 3 25 p52 50 6.3k 1 04 123 2 57 95 3 45 c60 no tr 901 0 37 3.1k 0 80 Tesoro Close 21.96 Aug c25 3.4k 0 15 4.1k 1 631 1 90 c30 734 0 05 2.4k 0 30 766 0 90 Transocn Close 153.66 Aug c155 2.1k 2 48 641 7 50 18112 20 c160 5.2k 1 2.0k 5 20 3.1k10 20 Transocn o Close 153.66 Aug c150 2.4k 5 10 484 9 90 22214 60 TrueRelig Close 22.27 Jul c17 50 1.9k 4 70 393 4 80 40 5 28 UAL Cp Close 13.71 Sep p15 22 1 57 162 2 50 2.0k 4 c15 523 0 25 5.3k 1 20 20k 2 75 c20 no tr 724 0 40 1.8k 1 35 UBS AG o Close 31.04 Sep p30 136 0 05 119 1 49 3.2k 3 30 c30 no tr 131 1 65 3.4k 2 09 UPS B Close 70.29 Jul p70 2.5k 1 1.0k 2 15 546 2 70 c75 1.5k 0 05 4.0k 0 30 851 0 75 UrbnOut Close 32.90 Sep p27 50 no tr 2.0k 0 55 3 1 60 p130 p132 c134 p134 p135 p136 p137 c137 p138 c138 c139 p139 c140 p140 c141 p141 c142 p142 p143 c143 c144 p144 c145 c151

Jun

Close 102.03 Jul 2.3k 0 30 2.5k 2 60 101 4 2.1k 5 50 72 6 90 8 8 80 55 3.0k 0 252 3 60 110 5 30 1.9k 0 85 366 4 41 5 70 1.3k 1 10 4.0k 4 50 476 6 10 3.8k 1 90 219 4 90 24 6 30 USANA H Close 21.45 Jul p25 9.6k 3 60 65 4 40 no tr c25 2.0k 0 10 7.6k 0 25 25 0 85 USSteel Close 171.12 Jul c120 7.2k50 80 no tr no tr c125 17k45 80 no tr 844 68 c130 39k40 80 no tr 143 80 c135 5.4k36 60 136 64 1036 30 c175 2.1k 3 97210 60 32614 20 Utdhlth Close 32.94 Sep p35 7 2 5.0k 2 55 55 3 60 ValeroE Close 44.56 Sep p40 99 0 06 1.1k 0 85 2.5k 2 46 p45 1.8k 1 27 3.6k 2 78 553 4 65 c45 6.9k 0 86 1.9k 2 35 629 4 45 c47 50 5.4k 0 27 1.3k 1 45 807 3 45 c50 1.7k 0 14 5.0k 0 86 1.3k 2 64 c52 50 1.0k 0 06 2.2k 0 51 63 1 97 c55 480 0 02 3.8k 0 33 332 1 48 c60 31 0 05 2.2k 0 13 377 0 77 VeriFone Close 13.53 Jul c17 50 no tr no tr 3.0k 0 50 Verizon o Close 37.91 Jul 10 p35 2.9k 0 256 0 40 100 0 71 Visa Close 82.86 Sep p65 30 0 02 1.9k 0 40 56 2 45 p75 2.5k 0 20 1.2k 2 23 153 5 78 c80 3.0k 4 10 2.8k 7 40 79411 80 p80 6.5k 1 05 1.9k 4 20 182 8 p85 4.7k 3 50 743 6 90 57910 88 c85 11k 1 55 5.9k 5 20 1.0k 9 60 c90 12k 0 55 4.0k 3 50 1.5k 7 70 c95 5.7k 0 25 2.0k 2 35 510 6 30 c100 1.6k 0 10 2.5k 1 55 1.1k 5 10 c110 no tr 1.8k 0 75 1.0k 3 30 VMware Close 64.05 Jul c22 50 5.2k41 60 no tr no tr WA Mutl Close 10.34 Jul p7 3.0k 0 03 114 0 12 no tr p10 2.2k 0 22 570 0 73 3.0k 1 01 p11 5.4k 0 75 311 1 22 34 1 53 c11 2.9k 0 13 634 0 64 295 0 93 Wachovia Close 27.63 Jul p22 50 26 0 05 194 0 40 2.5k 0 70 p25 no tr 167 0 80 2.6k 1 40 p27 50 3.3k 0 60 no tr no tr WalMart Close 57.18 Sep p57 50 2.7k 1 06 590 1 97 141 3 40 WatsnPh Close 28.28 Aug 10 c30 1.0k 0 no tr 2.8k 1 10 WDigit Close 30.39 Jul c30 1.4k 0 95 6.1k 2 4.5k 2 70 p30 3.3k 0 40 9.2k 1 56 3.4k 2 15 WellPoint Close 52.73 Sep p50 15 0 20 3.0k 1 10 no tr WellsFrgo Close 29.33 Jul p27 50 1.2k 0 10 347 0 75 6.0k 1 20 p30 6.4k 1 05 75 1 85 563 2 25 Xilinx Close 25.75 Sep p25 69 0 13 4.1k 0 75 no tr XL Cap Close 34.26 Jul p35 331 1 38 22 2 80 2.6k 3 50 XM SatRad Close 11.80 Jul 10 c14 7 0 70 0 25 3.5k 0 45 Yahoo Close 25.93 Jul p20 515 0 03 3.5k 0 15 85 0 34 c22 50 2.8k 3 50 175 3 95 10k 4 40 p22 50 3.9k 0 10 47k 0 50 2.7k 0 89 p25 29k 0 64 24k 1 40 2.3k 1 78 c25 7.2k 1 60 2.4k 2 39 12k 2 87 c27 50 15k 0 44 15k 1 18 2.4k 1 66 p27 50 2.2k 2 04 410 2 70 81 3 05 c30 17k 0 12 13k 0 43 2.5k 0 75 c32 50 7.0k 0 02 9.0k 0 14 1.0k 0 25 Yamana Close 14.79 Jul c15 2.3k 0 30 1.2k 0 92 678 1 25 c16 3.0k 0 10 607 0 60 494 0 95 ZimmerHld Close 69.30 Sep p65 5.3k 0 25 2.0k 1 122 2 55 US OilFd

p95 c97 p98 p99 p100 c102

Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price

cJan09 70 2.0k 3 19 pJan10 40 804 2 91 cJan10 70 1.7k 6 25 pJan09 44 758 2 19 pJan09 70 2.0k 5 99 cJan09 70 1.8k 0 03 Pfizer 19.79 cJan09 75 2.0k 0 02 pJan09 17 50 1.1k 0 72 Raytheon 64.05 cJan09 22 50 1.1k 0 53 cJan09 70 2.5k 2 65 cJan10 25 2.7k 0 69 SiriusS 2.73 50 PhilMor 51.83 cJan09 2 1.4k 0 70 cJan10 40 3.0k 13 10 SmithfFd 30.19 PioNtrl 67.83 cJan09 40 1.0k 0 70 pJan09 70 1.0k 9 10 SP Fncl 25.95 cJan09 70 1.0k 7 60 pJan10 25 1.0k 3 50 PnnNtGm 40.59 pJan10 26 1.7k 4 pJan10 40 2.6k 9 20 cJan09 27 2.5k 2 12 Powrwav 3.62 cJan09 30 782 1 cJan09 5 927 0 40 cJan09 34 2.0k 0 33

3.77 cJan10 2 50 1.1k 0 20 pJan10 2 50 3.6k 1 25 UnionPac 146.28 cJan10 7 50 2.1k 1 cJan09 155 1.0k 10 80 42.97 pJan09 175 3.0k 32 50 pJan09 35 1.2k 5 50 UPS 70.29 Symantec 19.99 cJan10 80 1.0k 4 40 pJan09 15 1.1k 0 54 UtdhlthGp 32.94 Target 52.24 cJan09 35 3.6k 3 pJan10 50 2.6k 9 30 cJan09 40 817 1 45 cJan10 50 2.6k 13 UtdTech 73.13 cJan09 60 2.2k 4 05 cJan09 70 2.0k 8 StdPac

Suntech

Tesoro

pJan09 pJan10 cJan09 cJan09 cJan10 cJan09

20 20 25 30 30 45

1.5k 1.5k 860 763 1.7k 936

21.96 ValeroEn 3 36 pJan09 5 10 cJan10 3 40 Visa

2 4 18 72.48 SprintNex 9.38 pJan09 40 11k 0 75 pJan09 7 50 3.6k 0 80 0 40 PS Agri 37.48 cJan09 12 50 6.0k 0 85 TexInst 29.81 cJan09 40 946 3 60 Starbcks 15.86 pJan09 25 3.0k 1 09 PwNasd100 48.21 cJan09 20 1.6k 0 73 Thornbg 0.88 Prudentl

Total Call Vol.

289,397 2,085,799 3,576,038 Air Idx 41,874 485,334 525,914 EurOEX st 17,979 157,761 213,801 GoldSilv q 17,366 151,182 139,823 MidCap 16,361 94,225 116,346 AM BioT 1,404 56,591 50,251 Rus1000 1,091 27,011 27,346 SP100 Eu q 228 10,242 7,417 Oil Idx 984 5,650 10,349 Oil Svc q 103 7,279 856 Bnk Idx q 6,220 1,042 447 JpnIdx 1,758 1,753 1,599 DJ Trans 1,205 1,985 1,985

Jun

p195 688 0 97 2.9k 4 80 10 4 09 89 70 33 p7 50 192 0 10 447 0 60 1.9k 1 p200 4.5k 1 372 6 74 9 64 20 10 c7 50 20 2 no tr 1.9k 2 40 c210 2.0k 2 37 9 912 Close 34.87 Aug p10 1.9k 1 15 5 1 90 210 2 35 OnyxPh 75 10 MEMC Close 64.38 Jul c35 2.4k 0 05 4.5k 2 80 no tr p65 3.3k 1 90 17 4 66 58 5 70 c40 97 0 3.0k 0 no tr Mentor Close 28.67 Jul OpenTxt 65 Close2035.98 Aug10 c30 760 0 30 482 1 10 2.1k 1 40 p35 1.0k 0 1.9k 2 113 4 Close 21.00 Sep Merck Close 38.99 Jul Oracle 13 50 p37 50 5.1k 0 13 3.9k 0 90 22 1 35 c20 274 1 35 2.3k 1 85 no tr 75 c40 5.7k 0 15 1.8k 0 85 506 1 45 c21 3.5k 0 2.5k 0 332 1 Close 11.71 Sep MerrLyn Close 48.45 Jul PacSunwr 50 15 65 35 p42 50 3.5k 0 19 188 1 26 33 1 85 c12 7.5k 0 591 0 7.5k 1 p45 4.8k 0 38 1.4k 1 82 152 2 65 PeabdyE 40 Close 68.60 Sep70 c70 2.1k 1 10 8 150 7 p47 50 2.6k 0 90 484 2 72 267 3 54 Penney Close 42.91 Aug MetroPCS Close 19.62 Aug p40 194 0 30 6.1k 1 50 48 2 90 c20 458 0 30 50 1 2.7k 1 70 50 p42 761 1 10 2.6k 2 50 2 4 MGM Mir Close 51.25 Sep PenNGm Close 40.59 Jul 65 30 40 c50 5.1k 2 1.0k 4 127 6 c50 15 0 15 102 1 90 2.6k 3 90 c55 7.9k 0 75 804 2 35 188 4 10 c60 no tr no tr 15k 1 40 c60 5.4k 0 35 1.7k 1 35 25 2 45 PepsiCo Close 67.51 Jul Microsft Close 29.39 Jul p65 12k 0 10 52 0 75 8 1 35 c27 50 no tr no tr 6.2k 2 68 Petrobrs Close 64.60 Jul Microsft fr Close 29.39 Jul c57 50 65 7 20 1.8k 8 50 no tr 09 p25 no tr 6.6k 0 no tr c60 10k 4 70 1.1k 6 90 13 7 50 p29 3.8k 0 32 no tr no tr c62 50 3.0k 2 95 1.0k 5 40 7.5k 6 40 c29 5.4k 0 60 no tr 36 1 72 c65 15k 1 50 15k 4 124 4 90 c30 6.7k 0 20 4.3k 0 78 428 1 18 c67 50 1.5k 0 61 4.1k 2 95 59 3 90 p30 2.0k 0 90 3.1k 1 44 653 1 82 Pfizer Close 19.79 Sep c31 4.3k 0 06 1.2k 0 47 68 0 81 p20 249 0 33 601 0 63 2.9k 1 25 c34 114 0 01 1.9k 0 08 no tr PoloRLau Close 59.60 Jul c35 no tr 1.6k 0 04 8.1k 0 14 p55 no tr 4.0k 1 50 no tr Mirant Close 38.99 Sep p60 24 1 30 2.0k 3 50 no tr p30 no tr 5.3k 0 08 no tr Potash Close 197.86 Sep p32 50 7.6k 0 05 200 0 15 100 0 70 p190 2.7k 2 45 10210 40 1922 16 c37 50 no tr 1.9k 2 55 40 3 40 p195 2.2k 4 20 12812 50 5024 61 c50 no tr no tr 3.0k 0 25 c195 1.8k 6 90 40015 60 2928 88 MktV Agri Close 61.75 Aug c200 3.6k 4 36 67313 20 32226 70 p58 9.0k 0 25 no tr no tr c210 1.9k 1 35 449 9 50 15222 40 MktVGold Close 46.10 Sep priceline Close 138.63 Jul p41 98 0 10 3.4k 0 60 1 2 c135 2.4k 5 80 23010 70 19913 60 Motorola Close 9.76 Jul c140 3.1k 3 1.6k 8 40 11711 20 p10 5.1k 0 35 56 0 65 205 0 82 c145 5.4k 1 35 440 6 20 187 9 40 Mylan Close 11.42 Jul c150 5.9k 0 60 539 4 50 52 7 p12 50 2.5k 1 25 49 1 45 52 1 85 ProctGam Close 65.21 Jul MyriadGnt Close 41.02 Aug p62 50 1.9k 0 10 24 0 45 131 0 90 c40 93 1 10 no tr 2.9k 7 60 p65 930 0 50 3.8k 1 25 186 1 80 90 10 c55 no tr 50 1 2.6k 4 ProS UlShOG Close 29.63 Jul N Semi Close 20.57 Aug c30 3.4k 0 85 1.5k 2 50 138 3 20 p20 497 0 20 5.2k 0 95 15 1 30 PS Agri Close 37.48 Jul p22 50 10k 1 90 11k 2 43 313 2 75 c36 2.0k 1 60 9 2 70 5 3 30 NCity Close 6.00 Jul p36 36 0 20 63 1 05 2.0k 1 60 25 50 p6 2.8k 0 33 0 no tr PSComId Close 40.52 Jul NetApp Close 26.30 Sep p38 100 0 15 8 0 66 14k 1 05 p25 441 0 10 2.2k 0 90 2.3k 1 80 p41 2 1 15 250 2 15 42k 2 50 c27 50 3.8k 0 15 2.0k 1 10 576 2 05 PSh QQQ fr Close 48.21 Sep NobleCorp Close 62.62 Sep p42 2.1k 0 01 523 0 17 no tr p60 3.8k 0 50 248 2 10 32 4 70 p43 2.8k 0 02 13k 0 25 no tr NOilVarco Close 77.41 Aug p44 5.3k 0 02 8.9k 0 36 34 1 40 c75 5.1k 3 40 660 6 20 776 9 32 c45 4.4k 3 23 1.5k 3 76 no tr c77 50 4.9k 1 95 no tr no tr p45 5.9k 0 03 7.9k 0 52 no tr c80 2.4k 0 90 1.5k 3 80 1.2k 7 c46 5.3k 2 29 3.0k 2 98 no tr NokiaA Close 28.67 Jul p46 21k 0 09 5.2k 0 70 3.5k 1 81 c29 649 0 35 2.8k 1 10 10 1 70 p47 48k 0 20 13k 1 02 885 2 18 p29 4.8k 0 70 17 1 40 11 1 80 c47 14k 1 41 7.5k 2 29 6 3 84 NRG Engy Close 42.46 Sep p48 47k 0 48 44k 1 36 233 2 58 c47 50 no tr no tr 2.3k 1 20 c48 62k 0 70 2.0k 1 77 27 3 24 NutriSys Close 19.84 Sep p49 33k 1 8.4k 1 81 701 3 10 c2 50 3.7k17 20 no tr no tr c49 55k 0 25 21k 1 10 no tr Nvidia Close 22.53 Jul p50 10k 1 82 3.7k 2 41 no tr 05 p20 4.6k 0 1.2k 0 40 no tr c50 31k 0 05 7.4k 0 71 no tr c20 4.8k 2 60 2.0k 2 85 no tr c51 2.6k 0 02 2.6k 0 39 1.1k 1 60 p22 50 15k 0 55 5.4k 1 35 no tr c52 no tr 3.2k 0 19 24k 1 26 c22 50 25k 0 60 3.8k 1 35 no tr PulteHms Close 13.02 Jul c25 13k 0 05 5.8k 0 60 no tr p12 50 7.8k 0 35 383 0 95 33 1 30 NwmtMn Close 45.73 Sep PwNasd100 Close 48.21 Sep 50 31 54 40 c47 1.9k 0 409 1 39 3 p39 6.0k 0 01 no tr no tr NYSE Eur Close 71.19 Sep p41 no tr 200 0 17 4.5k 0 72 c75 2.9k 0 40 2.1k 2 05 5.3k 5 10 p54 no tr 6.5k 5 71 no tr NYTimes Close 19.67 Jul RedwdTr Close 33.66 Jul c22 50 no tr 2.2k 0 20 303 0 35 c35 5.0k 0 75 5 1 85 1 2 55 OilSvcHT Close 206.94 Jul p35 4.9k 2 10 no tr no tr p190 3.5k 0 52 no tr 8 3 60 RegncyEn Close 26.65 Aug OilSvHT fr Close 206.94 Jul c35 4.0k 0 01 no tr no tr May

Total Put Vol.

pJan10 40 1.4k 5 50 WDigitl

WellsFrgo

pJan10 25 WmsCos

pJan09 25 pJan09 30

44.56 XTO Engy

40 1.5k 3 82 pJan09 60 45 3.0k 9 80 cJan10 80 82.86 Yahoo

9.80 YingliGr

cJan09 12 50 1.8k 0 30 cMay08 25 64.05 cJun08 25

VMware

86.00

pJan09 60 10k 2 20 cJan09 100 10k 6 63

cJan09 115 1.7k 5 cJan09 30 cJan09 120 2.2k 4 40 Yamana cJan09 155 3.2k 1 60 cJan09 20 Vishay

30.39

cJan09 35 1.2k 3 10 WeathfInt

29.33 755 3 20 36.47 757 0 25 1.0k 1 10 64.74 1.0k 5 70 1.0k 7 55 25.93 745 1 76 14.79 7.0k 1 25 22.96 799 0 75 9.1k 1 70


A16

MONDAY, MAY 12, 2008

INVESTORS.COM

ISSUES & INSIGHTS Get Over The Gap Trade Deficit: We have long been told that when the dollar “corrects,” making our goods cheaper abroad, the trade deficit will begin to fall sharply. Well, it’s finally happening. Now that it is, do you feel any better?

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ou shouldn’t. Because even though the trade gap narrowed by $3.5 billion, or 5.7%, to $58.2 billion in March from February, it was a sign of weakness rather than strength. Compared with a year earlier, March exports rose 15.5% — a good thing, we suppose. But imports increased just 7.9%, a gain that would have been a lot lower if not for oil. True enough, the deficit appears to be declining — after hitting repeated records in recent years. Exports are booming while import growth has slowed noticeably, due mainly to the slumping dollar. On the surface, this looks like a good thing. After all, don’t we want to buy less from abroad and more from our own country? The answer is no if it means that the U.S. economy has slowed and is no longer pulling its weight in the world. Journalists and pundits call the smaller deficit an “improvement,” or “good news.” It isn’t. We run a trade deficit not because we’re uncompetitive or others protect their markets, two great economic myths; we run deficits because we’re such an attractive place for investors from around the world to park their money. The deficit, in other words, is a sign of strength. As any economist can tell you, the flip side of our trade deficit is our capital surplus, which measures foreign investment flows into and out of the U.S. When we run a trade deficit, by definition we must run a capital surplus — and vice versa. Last year, for instance, we rang up a record $708.5 billion deficit for both goods and services. But we imported the equivalent of $738.6 billion in investment capital to offset that. This was used to buy Treasury notes, bonds and stocks, and to fund real estate, plants, equipment and worker training. That foreign capital created jobs and added to our ability to consume. It may even have helped keep us out of recession. So what does it say that our deficit is now shrinking? On the whole, it means foreign investors find the U.S. economy a less inviting place to be, maybe because of the housing meltdown and concern over the upcoming election. But if the trend continues, it means we’re all going to have to consume less and save more to make up for the decline in foreign capital. That might not be a bad thing, but don’t let anyone tell you it will be painless. In the short run, a falling trade deficit will boost GDP. Indeed, based on Friday’s data, it’s likely first-quarter GDP growth will be revised up from the first estimate of 0.6% to roughly 1.2%. But in the long term, having less foreign investment means our economy will grow more slowly. That’s the downside. Don’t believe it? Just look at Germany and Japan. They’ve run huge trade surpluses for years, yet their economies have grown slowly at best since at least 1990. They export lots of their capital, as all trade surplus nations do, so they have less to grow on. We import it — and grow faster. As such, should we root for a smaller deficit? Well, a smaller trade deficit doesn’t have to be a negative. If it got smaller because Congress wised up and created private investment accounts for Social Security — which would raise the U.S. private savings rate — that might be a good thing. But making the deficit smaller isn’t necessarily a laudable goal, since doing so often covers for other bad policies such as raising taxes, devaluing the dollar and reverting to protectionism. All these things, by the way, have been proposed as “remedies” for the trade deficit, mostly by wrongheaded Democratic candidates and talk-show hosts. What they’d do, in fact, is shrink the deficit by shrinking the U.S. economy. We’d rather keep the deficits.

Only CEOs Need Fear Taxes: Welcome to Obama Wonderland, where Democrats hike taxes only on evil corporate executives and fulfill pledges of tax cuts for the “middle class.” It’s the same baloney Bill Clinton promised in 1992.

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nterviewed Thursday by CNN’s Wolf Blitzer, Sen. Barack Obama, the Democrats’ likely nominee for president, provided a disturbing preview of the kind of economic incompetence we can expect if he is elected president and has a Democratic Congress to do his bidding. Asked about his plans on taxes, Obama made his intentions clear: “I want to eliminate the Bush tax cuts. And what I have said is, I will institute a middle-class tax cut.” Asked by Blitzer to “define middle class,” the much-admired orator conceded that “the definitions are always a little bit rough,” mentioned a possible $100,000 threshold, but also threw out numbers from $50,000 to $75,000 to $200,000 and $250,000. So who should worry about having their taxes hiked by a President Obama? “I will raise CEO taxes. There is no doubt about it,” the senator told CNN. We have heard all this before. Debating his fellow Democratic presidential hopefuls in early 1992, Bill Clinton said: “I want to make it very clear that this middle-class tax cut, in my view, is central to any attempt we’re going to make to have a shortterm economic strategy and a long-term fairness strategy, which is part of getting this country going again.” At a presidential debate less than a month before the election that fall, Clinton said: “Now, I can tell you this: I will not raise taxes on the middle class to pay for these programs.” But as former Atlantic Monthly and New Yorker correspondent Elizabeth Drew recounted in her 1994 book “On the Edge: the Clinton Presidency,” a key purpose of Clinton’s February 1993 TV address less than a month after taking office was “to get out of the way of the news . . . that not only would there be no tax cut for the middle class, but there would be an energy tax (the Btu tax) that would hit the middle class as well as the wealthy.” Obama’s spending agenda — exceeding $307 billion a year — dwarfs that of Bill Clinton a decade and a half ago. And he would be sure to run into the same immovable mathematical obstacle faced by the last Democratic president. Taxing the handful of CEOs and other fat cats won’t be enough. The big money Obama wants will have to come from the many millions of middle-class taxpayers.

Oily Chavez Oozes Beyond Venezuela The Hemisphere: Oil spiked $4 Friday on new evidence of Venezuela’s deep involvement in terrorism. There’s no glossing over such news: Hugo Chavez intends to destabilize the region. The U.S. will need to take action.

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fter poring over some of the 10,000 documents captured from the computer of dead FARC terrorist Raul Reyes, killed in a raid on March 1, U.S. intelligence officials are convinced that Chavez’s involvement is deeper than anyone realized, according to a front-page story by the Wall Street Journal. “There is complete agreement in the intelligence community that these documents are what they purport to be,” a U.S. official told the Journal. The oil market understood the implications of this: The U.S. probably would be forced to declare Venezuela a state sponsor of terror and then end Venezuela’s role as a top oil supplier, as required for other rogue states such as Iran. With global oil supplies scarce, and Venezuela accounting for 12% of U.S. oil imports, the U.S. economy would feel the effects. Yet the alternative of doing nothing probably is worse. The new documents show Venezuelan complicity in the FARC’s war on Colombia well beyond any past estimates. Chavez offered the drug-dealing Marxist terrorists rocket-propelled grenades and ground-to-air missiles to shoot down U.S. and Colombian aircraft. Such rockets, remember, enabled ragtag Afghan tribesmen to chase out invading Soviet troops in 1989. Chavez also offered port access for Russian arms shipments in Maracaibo to FARC’s jungle bases. He offered FARC rest and recreational bases, along with state medical care. To cap it, he offered the terrorists a $250 million “loan,” payable upon the overthrow of Colombia’s government. This is astonishing support for some of the worst terrorists on Earth. FARC is reviled by average Colombians. It should be dead or disarmed at this point because President Alvaro Uribe’s courageous efforts to confront FARC have been relentless. Yet he hasn’t won yet, thanks to FARC’s clandestine support from Venezuela. It’s hard enough to win an asymmetrical war like this, harder still if the insurgents are stoked from other states. Chavez not only sup-

ports these jungle thugs, he’s urging the West to take these killers off international terror lists, so they can openly raise more funds. So long as America buys Venezuelan oil, Chavez will have the money to help FARC eventually destroy Colombia. He won’t stop on his own, and the clandestine nature of his aid suggests he’ll seek new ways to do it on the sly. It’s part of Chavez’s strategy to use his petrodollars to take over the hemisphere — or at least become its main power broker. Thus far, the open side of Chavez’s quest is clear. Using democratic elections, Chavez seeks to get Latin leaders elected who will be his vassals. He does so by secretly buying off leftist political parties, and manipulating elections and the minds of poor voters. He has helped put socialist cronies in power in Ecuador, Bolivia and Nicaragua. Now, he has his eyes on his next prize: U.S. ally El Salvador. Bad as that is, the new FARC computer documents show an even darker side: Any nation that resists his charms, anti-U.S. rhetoric and oil cash, gets destabilized. Colombia may be the scariest example of Chavez’s destabilization efforts, but others are threatened, too — including Mexico and Peru, two stalwarts who have no interest in being Chavez’s puppet states. It’s significant that Mexico’s and Peru’s ambassadors were recently seen with President Bush at the Council of the Americas Wednesday pleading to Congress for free trade for their neighbor Colombia, whose economic success is as vital to them as their own. All three nations are under fire from Chavez, and need vibrant economies to withstand him. Peru is fighting Chavista infiltration through the dictator’s newly formed “Houses of Alba” and has seen a resurgence of the Shining Path Marxist guerrillas it stomped out a decade ago. Mexico’s fighting a terrible war against drug-dealing criminals whose prime support from abroad is FARC terrorists. Last Thursday the chief of Mexico’s national police was gunned down by these thugs in Mexico City, striking into the heart of the Mexican state. Meanwhile, the raid that killed Reyes also revealed the presence of Mexican operatives in Colombia believed to be in training to destroy Mexico’s oil pipelines, which supply much of America’s oil. It’s an ugly picture for the U.S. We must either de-fang Chavez soon, or watch democratic neighbors collapse to his vast dictatorship. If that happens, oil prices will rise as high as his ambition.

Lebanon’s War Against Terror Mideast: Long before it meddled in Iraq, Iran and its puppet Hezbollah set its sights on Lebanon. Beirut is once again under assault, and if we care about fighting terrorism with democracy, we’d better pay attention.

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ew would consider Lebanon an ally in the war on terror. But its people and elected government are fending off an assault on its multicultural democracy by a terrorist group that would take it away and turn it into an Islamofascist base camp for Iran and Syria’s war on the West. At least a dozen were killed as gunmen loyal to Hezbollah and other Syrian- and Iranian-backed groups took the streets last week against the pro-Western government of Prime Minister Fouad Saniora. Saniora was holed up at his office in downtown Beirut. A rocket-propelled grenade slammed into the fence surrounding the heavily guarded residence of Lebanese leader Saad Hariri, son of the late former Lebanese prime minister Rafik Hariri. The elder Hariri was assassinated in February 2005 in a massive car-bomb explosion that a U.N. commission has determined was planned and supported by operatives of the Syrian government of Bashar Assad. The latest Hezbollah-inspired clash was triggered by an announcement by Lebanon’s telecommunications minister that Iran was helping Hezbollah set up an illegal telecom network capable of listening in on any phone made in the beleaguered country. The government branded the network, which includes spy cameras to monitor flights and cargo areas at Beirut International airport, “an attack on the sovereignty of the state” and threatened to shut it down. Brig. Gen. Wafiq Shuqeir was earlier removed as commander of security at the Beirut airport for reportedly permitting the Hezbollah spy cameras to be set up at the airport, which also were said to be used to monitor the movement of anti-Syrian Lebanese politicians and foreign dignitaries. Eight members of the anti-Syrian March 14 coalition have been assassinated since 2005.

Hezbollah has kept its weapons in violation of U.N. Resolution 1559. Its leader, Hassan Nasrallah, said the network was “the most important part of the weapons of the resistance” and added Hezbollah had a duty to defend those weapons. “The decision (by the Saniora government) is tantamount to a declaration of war . . . on the resistance and its weapons in the interest of America and Israel,” he said. It is Hezbollah that long ago declared war. Hezbollah and its sponsors have long sought the overthrow of Lebanon’s democracy and have indeed created a state within a state. They have sought to destabilize Lebanon demanding a veto power in Lebanon’s cabinet. Its members and allies in parliament have blocked the selection of a new Lebanese president since the Syrian-backed Emile Lahoud finally stepped down last November. The Lebanese parliament is set to make a 19th attempt to elect a new president on May 13. The origins of Hezbollah date back to June 1982, when Syria decided to permit the Islamofascist government in Iran to dispatch about 1,000 members of Iran’s Revolutionary Guards to the Syrian-occupied Bekaa Valley in eastern Lebanon. Iran had a toehold, one that quickly grew like cancer in the Lebanese body politic. Hezbollah is the group that before 9/11 was responsible for killing more Americans than any other group, including 243 American soldiers in their Beirut barracks in 1983. It is the stalking horse of Iran’s loony leader, Mahmoud Ahmadinejad. House Speaker Nancy Pelosi recently made a pilgrimage to Damascus, as have other key Democrats. They are carrying out the plan of their party’s presumptive nominee, Barack Obama, who agrees that the problems in Iraq are all our fault and we just stirred things up. All we have to do is get out and talk. Let them look to Lebanon. Tehran and Damascus want an end to Lebanese democracy, replaced with an Islamofascist puppet state with which to keep the Middle East cauldron boiling. It would compensate for their failure to prevent democracy from taking root in Iraq and Afghanistan. And they are willing to fight to the last Lebanese.


ISSUES & INSIGHTS

INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

A17

ON THE LEFT

ON THE RIGHT

Derail Hillary Before Hillary Divides Party

Hillary Seemed Out Of Step From The Start

EUGENE ROBINSON

CHARLES KRAUTHAMMER

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rom the beginning, Hillary Clinton has campaigned as if the Democratic nomination were hers by divine right. That’s why she is falling short — and that’s why she should be persuaded to quit now, rather than later, before her majestic sense of entitlement splits the party along racial lines. If that sounds harsh, look at the argument she made Wednesday, in an interview with USA Today, as to why she should be the nominee instead of Barack Obama. She cited an Associated Press article “that found how Senator Obama’s support . . . among working, hard-working Americans, white Americans, is weakening again. I have a much broader base to build a winning coalition on.” As a statement of fact, that’s debatable at best. As a rationale for why Democratic Party superdelegates should pick her over Obama, it’s a slap in the face to the party’s most loyal constituency — African-Americans — and a repudiation of principles the party claims to stand for. Here’s what she’s really saying to party leaders: There’s no way that white people are going to vote for the black guy. Come November, you’ll be sorry. How silly of me. I thought the Democratic Party believed in a colorblind America. In private conversations last year, several of Clinton’s high-profile African-American supporters made that same argument to me — that America wasn’t “ready” for a black president, that this simple fact doomed Obama to failure, that a Clinton Restoration was the best result that African-Americans could realistically hope for.

At some level, Clinton seems to believe the nomination is hers. Somebody had better tell her the truth. Polls at the time showed Clinton leading Obama among black voters, a finding that reflected not only Clinton’s greater name recognition but also considerable skepticism about a black candidate’s ability to draw white support. Obama did prove he could win support from whites, of course, beginning in Iowa. He and Clinton effectively divided the party into demographic constituencies. Among the groups that have tended to vote for Clinton are white voters making less than $50,000 a year; among those who have turned out to vote for Obama are African-Americans, whose doubts about his prospects clearly have been allayed. Assuming that Obama is the eventual nominee, he will have some work to do in reuniting the party. But there’s no reason to think he won’t succeed unless Clinton drives a wedge between important elements of the party’s historical coalition. Lower-income white Democrats may well defect to John McCain in the fall if Obama is the nominee, Clinton is arguing, whereas African-Americans who have been choosing Obama by 9-to-1 — are going to vote for the Democratic nominee no matter what. Thus, she claims, she can better knit the party back together. Let’s examine those premises. These are white Democrats we’re talking about, voters who generally share the party’s philosophy. So why would these Democrats refuse to vote for a nominee running on Democratic principles against a selfdescribed conservative Republican? The answer, which Clinton implies but doesn’t quite come out and say, is that Obama is black — and that white people who are not wealthy are irredeemably racist. The other notion — that Clinton could position herself as some kind of Great White Hopeand still expect African-American voters to give her their enthusiastic support in the fall — is just nuts. Obama has already won more Democratic primary contests; within a couple of weeks, he almost certainly will have won more pledged convention delegates and more of the popular vote. Only in Camp Clinton does anyone believe that his supporters will be happy if party leaders tell him, in effect, “Nice job, kid, but we can’t give you the nomination because, well, you’re black. White people might not like that.” Clinton’s sin isn’t racism, it’s arrogance. From the beginning, the Clinton campaign has refused to consider the possibility that Obama’s success was more than a fad. This was supposed to be Clinton’s year, and if Obama was winning primaries, there had to be some reason that had nothing to do with merit. It was because he was black, or because he had better slogans, or because he was a better public speaker, or because he was the media’s darling. This new business about white voters is just the latest story the Clinton campaign is telling itself about the usurper named Obama. “It’s still early,” Clinton said last Wednesday, vowing to fight on. At some level, she seems to believe the nomination is hers. Somebody had better tell her the truth before she burns the house down.

PERSPECTIVE

Extended White House Campaign Could Take Heaviest Toll On Bush VICTOR DAVIS HANSON

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e are in one of the longest presidential campaigns in modern memory — and haven’t even started focusing on the general election. It’s been enough to drive most of us mad, but if there’s one person in particular suffering the most, it may be President Bush. It’s been noted here before that we have not had an election since 1952 inwhich an incumbent president or vice president was not running in at least partial defense of an existing administration’s record. That means Bush is not just a lame duck but an easy target for all three current candidates — none of whom have any investment in the president’s legacy. Consider that the last president in a similar position was Harry Truman. He left office with an approval rating in the 20s, and it took years before historians revised the standard negative and mostly unfair view of him. When there is no incumbent in a long race, almost everything of the last four years becomes fair and uncontested game. In 2004, Bush defended his record for months on the stump; now it has become almost second nature for all three candidates to denounce it daily.

Overstatement Sen. John McCain has distanced himself from the president as much as he can, even as his Democratic opponents dub him John McBush — when they are not outdoing each other in their denunciation of the president. Last week, I asked a fierce Bush critic what he thought were the current unemployment rate, the mortgage default rate, the latest economic growth figures, interest rates and the status of the stock market.

He blurted out the common campaign pessimism: “Recession! Worst since the Depression!” Then he scoffed when I suggested that the answer was really a 5% joblessness rate in April that was lower than the March figure; 95% to 96% of mortgages not entering foreclosure in this year’s first quarter; 0.6% growth during the quarter (weak, but not recession level); historically low interest rates; and sky-high stock market prices.

Not All Bad There are serious problems — high fuel costs, rising food prices, staggering foreign debt,unfunded entitlements and annual deficits. Yet a president or vice president running for office (and covered incessantly by the media) would at least make the argument that there is a lot of good news, and that the bad that offsets it could be shared by a lot of culpable parties, from the Congress to the way we, the public, have been doing business for the last 20 years. Bush, like Truman, will have to leave his final assessment for posterity. But for a variety of historic reasons as well as his own selfinterest, the president should at least take his now-unpopular case to the people, with more press conferences, public addresses, stump speeches and one-on-one interviews. Bush’s own legacy will be affected by who succeeds him. Ronald Reagan received great press after leaving office in part because a Republican followed him for four years — quite the opposite from the senior George Bush, who was thrown out of office in 1992 and blamed for assorted sins over the next eight years. Likewise, compare the image of Lyndon Johnson, Gerald Ford, Jimmy Carter and

BillClinton when a president from the opposite party followed each into office. Second, public perceptions, such as ongoing consumer confidence or support for the war, can dramatically affect policy success or failure. Defending past decisions can sometimes improve their outcomes. Third, it would elevate the arguments of all three presidential candidates if someone could remind them that energy and food problems, foreign policy crises and economic woes usually involve bad and worse choices. The American people are more interested in exactly how they are going to improve things, rather than hearing each hour how our collective problems are simply the fault of one man. Searing “Bush did it” into the public conscious won’t resolve our energy, economic or foreign policy challenges.

Truman’s Lesson The truth is that America is providing unprecedented amounts of money to address the AIDS epidemic in Africa. Tax cuts brought in greater, not less total government revenue. International trade agreements created more, not fewer, jobs. Security measures at home, and losses suffered by terrorists abroad, in part explain the absence of a second 9/11. And drilling in ANWR and off the coasts and building more nuclear power plants, refineries and clean coal plants — if the Congress would only approve — could provide a short-term mitigation of energy prices until we reach a new generation of clean-burning and renewable fuels. George W. Bush could learn from “give ’em hell” Harry. A disliked Truman never went silent into the night, but defended his record until the very end — and was ultimately rewarded for it.

VIEWPOINT

Going Behind The Scenes Of Iraq Policy MICHAEL BARONE

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n trying to understand news about the conflicts in Iraq, I work to keep in mind the difference between what we know now about decision making in World War II and what most Americans knew at the time. From the memoirs and documents published after the war, we’ve learned how leaders made critical judgments. But at the time, even well-informed journalists could only guess at what was going on behind the scenes. Today we’re only beginning to learn about what went on behind the scenes in regard to Iraq. One important new source is the recently published “War and Decision” by Douglas Feith, the No. 3 civilian at the Pentagon from 2001 to 2005.

Threat Removed Feith quotes extensively from unpublished documents and contemporary memorandums, just as in the late 1940s Robert Sherwood did in “Roosevelt and Hopkins” and Winston Churchill did in his World War II histories. The picture Feith paints is at considerable variance from the narratives with which we’ve become familiar. One such narrative is, “Bush lied; people died.” The claim is that “neocons,” including Feith, politicized intelligence to show that Saddam Hussein’s regime had weapons of mass destruction. Not so, as the Sen-

ate Intelligence Committee and the Silberman-Robb Commission have concluded already. Every intelligence agency believed Saddam had weapons of mass destruction, and the post-invasion Duelfer report concluded that he maintained the capability to produce them on short notice. There was abundant evidence of contacts between Saddam’s regime and al-Qaida and other terrorist groups. Given Saddam’s hostility to the U.S. and his stonewalling of the United Nations, American leaders had every reason to believe he posed a grave threat. Removing him removed that threat. Unfortunately — and here Feith is critical of his ultimate boss, George W. Bush — the administration allowed its critics to frame the issue around the fact that stockpiles of weapons weren’t found. Here we see at work the liberal fallacy, apparent in debates on gun control, that weapons are the problem rather than the people with the capability and will to use them to kill others. The fact that millions of lawabiding Americans have guns is not a problem; the problem is that criminals can get them and have the will to kill others. Similarly, the fact that France has WMDs is not a problem; the fact that Saddam Hussein had the capability to produce WMDs and the will to use them against us was. Feith identifies as our central mistake the decision not to create an Iraqi Interim Authority to take over some sovereign func-

tions soon after the overthrow of Saddam. Bush ordered the creation of such an authority March 10, 2003. But it was resisted by State Department and CIA leaders, who argued that Iraqis would not trust “externals” — those in exile — and who were especially determined to keep the Iraqi National Congress’ Ahmed Chalabi from power.

Still Much To Learn As head of the Coalition Provisional Authority, Paul Bremer took the State-CIA view and, without much supervision from Washington, decided that the U.S. occupation would continue for as long as two years. Only deft negotiation by Defense Secretary Donald Rumsfeld produced a June 30, 2004, deadline for returning authority to Iraqis. The January 2005 elections placed many of the “externals,” including Chalabi, in high office. Feith admits he made mistakes and misjudgments. He criticizes Bush for not defending the main rationale for invasion — protecting Americans from a genuine threat — and instead emphasizing the subsidiary and iffy goal of establishing democracy. He says little about military operations, beyond noting that Bremer and the military leaders had no common approach to combating disorder. There’s still much to be learned about our decisions, good and bad, in Iraq. But Feith’s book is a step forward, as were those of Sherwood and Churchill 60 years ago.

y the time Hillary Clinton figured out how to beat Barack Obama, it was too late. When she began the race in 2007 thinking she was in for a coronation, she claimed the center in order to position herself for the real fight, the general election. She simply assumed the party activists and loony left would fall in behind her. However, as Obama began to rise, powered by the party’s Net-roots activists, she scurried left, particularly with her progressively more explicit renunciation of the Iraq War. It was a fool’s errand. She would never be able to erase the stain of her original war vote, and she remained unwilling to do an abject John Edwards self-flagellating recantation. It took her weeks even to approximate the apology the left was looking for, and by then it was far too late. The party’s activist wing was by then unbreakably betrothed to Obama. Going left proved disastrous for Clinton. It abolished all significant policy differences between her and Obama, National Journal’s 2007 most liberal senator. On health care, her attempts to turn a minor difference in the definition of universality into a major assault on Obama fell flat. With no important policy differences separating them, the contest became one of character and personality. Matched against this elegant, intellectually nimble, hugely talented newcomer, she had no chance of winning that contest. She tried everything. Her charges that he was a man of nothing but words came off as a petulant, envious attack on eloquence. The power to inspire may not be sufficient to qualify for the presidency, but it is hardly a liability.

Hillary Clinton transformed herself into working-class Sally-get-her-gun, off duck hunting with dad. She tried a silly plagiarism charge, then settled for the experience card. In a change election, this was not a brilliant strategy. It forced her todwell on the1990s, playing candidate of the past to Obama’s candidate of the future. Her studied attempts to embellish her experience led her into a thicket of confabulated Bosnian sniper fire. It wasn’t until late in the fourth quarter that she figured out the seam in Obama’s defense. In fact, Obama handed her the playbook with Jeremiah Wright, William Ayers, Michelle Obama’s comments about never having been proud of America, and Obama’s own guns-and-God condescension toward small-town whites. The line of attack is clear: not that Obama is himself radical or unpatriotic, just that, as a man of the academic left, he is so out of touch with everyday America that he could move so easily and untroubled in such extreme company and among such alien and elitist sentiments. Clinton finally understood the way to run against Obama: back to the center — not ideologically but culturally, not on policy but on attitude. She changed none of her positions on Iraq or Iran or health care or taxes. Instead, she transformed herself into working-class Sally-get-her-gun, off duck hunting with dad. The gas-tax holiday was never an economic or policy issue. It was meant to position her culturally. It heightened her identification with her white working-class constituency. Obama played his part by citing economists in opposing it. That completed her narrative: He had the pointy-headed professors on his side; she had the single moms seeking relief at the pump. It was an overreach. It not only deflected attention away from the amazing Rev. Wright at the height of his spectacular return. It also never played as the elitistvs.-working-folk issue she had hoped, because it isn’t just economists who know the gas-tax holiday is nothing but a cheap gimmick. Ordinary folks do too. And the gas-tax idea had the unfortunate side effect of reinforcing Hillary’s main character liability vis-a-vis Obama: cynical Washington pol willing to do or say anything to win votes vs. the idealistic straightshooter refusing to pander even if it costs him. The lightness in Hillary’s step just before Indiana and North Carolina reflected the relief of the veteran politician who, after months of treading water, finally finds the right campaign strategy. But it was far too late. And the gas-tax overkill, one final error of modulation, sealed the deal — for Obama. There’s only one remaining chapter in this fascinating spectacle: negotiating the terms of Hillary’s surrender. After which we will have six months of her stumping the country for Obama, denying with utter convictionRepublican charges that he isthe out-oftouch, latte-sipping elitist she warned Democrats against so urgently in the last, late leg of her doomed campaign.


A18

MONDAY, MAY 12, 2008

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No matter what kind of investor you are... a long term investor, a day trader, a blue chip investor, a stock shorter, an aggressive player, a prudent investor, or someone who wants to Let's face it. There are mountains of data ride the wave of the stock market ups and available. Value data. Safety data. Timing downs, options, ETF's... you name it... you'll data. You could analyze interest rates, inflabe thrilled to know that the VectorVest Stock tion rates, growth trends, dividend reports, volume of trading activity, bull market hopes, Analysis system is the hot, up-to-date, investment information that makes you a "fearless" bear market fears... it could drive you nuts investor. Even if you've never bought stocks and take you literally years to digest it all. before. Or, you could visit the VectorVest link below and let us do the analysis for you. Every day we digest tons of new information and give you the daily BUY signals, SELL signals, or HOLD signals you need to make superior profits in the stock market. With just 2 or 3 mouse clicks you can see exactly what is going on with a stock, with the sector and the market as a whole. And the good news: We've never been on the wrong side of a major market move in the last 20 years.

Here's how it works: If you take all the relevant stock market information and boil it down to what you need to know... to profitably invest in today's chaotic up and down market... it all falls into 3 major categories. First, you must ask, is this stock a good VALUE? If the company is sitting on a ton of cash and just got awarded some hefty, profitable contracts and is managed like a fine Swiss Watch, then the VALUE of a stock is worth considering. If the company's profits are in the tank but the stock price is still moving up, this too should be considered.

1

Second, is this stock a SAFE investment compared to AAA corporate bonds? Most everyone agrees that Triple "A" bonds are the safest way you can go. So, when doing your analysis about a stock... how does it stack up in safety? We have devised a mathematical formula to reveal its relative safety and intrinsic safety in relation to bonds.

2

And finally, does this stock have good TIMING? We've discovered that timing is its own monster. You can have a good stock, with good earnings, paying a good dividend, and good relative safety... and it can still have lousy timing. Or... You can also have a lousy company stock with good timing and still come out the winner. With that thought in mind, we created a "killer" mathematical timing model that lets' you win the timing side of investing.

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With these thoughts in mind, we created a mathematical model that rates every stock in our database to show you its VALUE... SAFETY and TIMING ratings. We call these three ratings RV, RS and RT. (Relative Value, Relative Safety and Relative Timing.) The ratings go from 0 to 2. If the RV, RS or RT is above 1, that is a good sign. If it's below 1, that is a bad sign. A stock with a RV rating is say, a 1.77. That is an excellent sign. Then, you check to see that it's RS rating of 0.34. Right away you know this is not a SAFE stock. But it might have a timing rating of 1.55. That's a good sign. When you add up the combination, you might get a "VST" (Value, Safety, Timing) rating of 1.45... which is very good. Keep reading. You'll get clear BUY, SELL or HOLD signals on over 15,500 stocks. Allow us to brag here for just a moment: Nobody, but nobody analyzes stocks like VectorVest. And all this daily analysis is not in vain. We've made tons of money for ourselves and our subscribers. See the testimonials nearby.

Make Profits 99.46% Of The Time! Listen-- If you pick any of top-20 VST recommended stocks using our program and hold them for a year or more, you'll make money. And you'll do it without the typical hand-wringing other investors might feel. Prove it to yourself. Use our BACK TESTING TOOL and see that you would have made an easy 18% gains each year or more going back 10-years. That is an amazing claim considering the decade of chaos many investors have faced.

Turn $100,000 into $2.18 Million--We even have a strategy built-in that allows you to make money in UP or DOWN markets. Using our strategies you make money when stocks go up or down. PROOF: Starting in 1998, USING THIS METHOD, starting with just $100,000 it would have grown to $2.18 Million by 2007. That's an amazing profit in 9 years. Bull market? No Problem!

$2,187,338

Here's Proof: (Actual Calls--You could enjoy profits like this when you use VectorVest to spot good VALUE, good SAFETY and good TIMING.) • Precision Castparts (PCP) - Up 123% in just 12 months. • Synchronoss Technologies (SNCR) - Up 297% in 15 months. • Potash Corp. (POT) - Up 174% in just 12 months. • Genco Shipping (GNK) - Up 186% in 13 months. • Omniture Inc (OMTR) - Up 190% in 9 months. • DryShips Inc (DRYS) - Up 451% in only 13 months. • Deckers Outdoor Corp. (DECK) - Up 131% in 12 months. • CF Industries (CF) - Up 241% in 12 months.

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It's common to get a stock recommendation from a well-meaning friend, a colleague or a broker. But unless they've done tons of Here’s what you could have done with THIS Analysis! homework on the TREND START DATE END DATE START $$ END stock's value, safety Short 06/12/1998 10/23/1998 $100,000 $105,677 and timing, you owe 10/23/1998 01/22/1999 $105,677 $130,493 it to yourself and your Long 01/22/1999 04/23/1999 $130,493 $138,521 family to ignore their Short Long 04/23/1999 07/30/1999 $138,521 $134,526 advice and take a few Short 07/30/1999 11/19/1999 $134,526 $129,193 minutes to see how Long 11/19/1999 04/07/2000 $129,193 $219,073 that stock ranks with VectorVest's RV, RS Short 04/07/2000 07/14/2000 $219,073 $273,252 and RT. ALSO-- The Long 07/14/2000 07/28/2000 $273,252 $234,494 VectorVest system al- Short 07/28/2000 09/01/2000 $234,494 $204,082 lows you to BACK Long 09/01/2000 09/15/2000 $204,082 $195,733 TEST your ideas and Short 09/15/2000 01/19/2001 $195,733 $233,721 investment strategies. Long 01/19/2001 02/23/2001 $233,721 $245,874 You can set the VecShort 02/23/2001 05/04/2001 $245,874 $286,928 torVest controls to Long 05/04/2001 07/06/2001 $286,928 $316,579 sort, rank and screen Short 07/06/2001 11/16/2001 $316,579 $346,182 your favorite stocks, Long 11/16/2001 02/08/2002 $346,182 $366,898 industries or sectors. Short 02/08/2002 03/08/2002 $366,898 $352,186 You'll get clear signals when you should Long 03/08/2002 05/10/2002 $352,186 $359,045 buy or sell. And Short 05/10/2002 05/17/2002 $359,045 $326,025 HOLD signals when Long 05/17/2002 05/31/2002 $326,025 $313,871 it's best to do nothing. Short 05/31/2002 11/08/2002 $313,871 $407,388 You can even take ad- Long 11/08/2002 01/24/2003 $407,388 $462,158 vantage of over 200 Short 01/24/2003 04/17/2003 $462,158 $460,684 built-in strategies 04/17/2003 04/30/2004 $460,684 $774,125 we've created for you. Long Each of these strategies will find and rank all the stocks that fit into a specific category. You can BACK TEST the strategy to see exactly how much money you would have made following that strategy. Once you prove to yourself that you've got a winning idea, you can invest with confidence--Fearlessly.

Short Long Short Long Short Long Short Long Short Long Short Long Short

04/30/2004 09/10/2004 03/18/2005 06/03/2005 09/23/2005 11/18/2005 05/19/2006 08/25/2006 03/16/2007 04/27/2007 08/03/2007 09/28/2007 11/02/2007

09/10/2004 03/18/2005 06/03/2005 09/23/2005 11/18/2005 05/19/2006 08/25/2006 03/16/2007 04/27/2007 08/03/2007 09/28/2007 11/02/2007 11/27/2007

$774,125 $793,688 $854,125 $843,326 $892,402 $916,926 $1,108,102 $1,193,614 $1,500,495 $1,427,287 $1,516,701 $1,738,433 $1,964,425

$793,688 $854,125 $843,326 $892,402 $916,926 $1,108,102 $1,193,614 $1,500,495 $1,427,287 $1,516,701 $1,738,433 $1,964,425 $2,187,338

“I just wanted to let you know that since using VectorVest, my portfolio is up 45% in about the last 45 days! I can’t even believe it. i just do what you tell me to do it’s that easy.” —J.M., Riverside, CA “I made three purchases during my trial membership period that more than paid for the annual membership fee.” —E.L. Jr. Fairbault, NM “I’ve only had VectorVest 2 months, but it has already improved my profit by 50%. One of the first stocks that VectorVest helped me pick is Owens Illinois (OI). I bought call options that are now up 300% in 2 months. I am very impressed with every aspect of VectorVest. I have had to change the way I do things a little, but it has all been for the better. I have better picks and spend less time doing it. “ —G.K., Hayward, CA “I am currently using your trial to VectorVest. Your VST indicator is so powerful. It is giving me very attractive returns in a matter of days using the top VST stocks for my option trading. Many organizations teach how to trade stocks and options costing thousands of dollars, however, none of those has the ability to show anyone how to select stocks. That is the name of the game.” —G.T. Houston, TX “I have made $3.5 million shorting stocks; most were chosen on VectorVest. I followed your advice and it paid off. I have done considerable better than my friends and associates.” —D.J.M., Detroit Lakes, MN. “I’ve tried nearly every software program in the business… AIQ, Telescan, Super Charts, you name it. VectorVest Online is absolutely the best. I don’t use or need anything else.” —E.J.C. Naples, FL “VectorVest prevents me from buying overvalued stocks. It is amazing how many of those are hyped by other analysts. I have passed on many stocks, which were recommended by other analysts, but don’t pass VectorVest muster and I missed out only on big losses.” —G.B., San Luis Obispo CA

Your Free Bonus Gifts • You get the VectorVest OnLine CD Rom. • You get the Instructional Tutorials. • You get the ONLINE USER'S GUIDE. • You get my book STOCKS, STRATGIES COMMON SENSE. • You get HOW TO SHORT STOCKS WITH CONFIDENCEAND MAKE BIG MONEY IN BEAR MARKETS. • You get HOW TO USE OPTIONS TO SUPER-CHARGE PROFITS. • And you get the Subscriber's hotline phone number to ask any questions you might have. Most people never use it because VectorVest is so easy to use. All this, plus 5 weeks of FREE ACCESS to VectorVest for just $9.95. And even that is GUARANTEED. If, after giving VectorVest a try, you're not totally thrilled with the money you make from the signals you get, no problem, we'll refund your trial subscription fee. And you get to keep everything in the WELCOME PACKAGE. We have built our business on happy customers who subscriber to our services year after year. We feel sure that if you check it out for yourself, you'll see how easy it is to use and how much profit you can make. Invest with confidence. Be a "fearless investor" by knowing everything you need to know about a stock’s value, safety and timing. You have nothing to lose and a lifetime of profits and safety to gain. Thank you, in advance for giving us the opportunity to serve you. Sincerely Yours For Fearless Investing Dr. Bart DiLiddo, Ph. D. Creator of VectorVest. P.S. Nobody analyzes stocks like VectorVest. Our analysis give you clear BUY, SELL or HOLD signals for outstanding profits.

www.VectorVest.com/IBD 1-888-658-7638

ket with an analysis tool that has a 20-year proven track record of profits. ©2007 VectorVest, Inc. * Past performance is not a guarantee of future profits.


INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

B1

RES INC (CLR) Grp 1 o$53.18 GRAHAM CORP (GHM) Grp 13 $60.84 POTASH SASKATCH (POT) Grp 4 o$197.86 BUCYRUS INTL (BUCY) Grp 9 o$136.54 1 CONTINENTAL 30.4M Shares 99 Comp. Rating 99 EPS RS 99 ROE 39% 2 4.5M Shares 98 Comp. Rating 99 EPS RS 99 ROE 15% 3 309.2M Shares 99 Comp. Rating 99 EPS RS 99 ROE 25% 4 37.1M Shares 99 Comp. Rating 99 EPS RS 98 ROE 24% ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND GAS IN THE MANUFACTURES VACUUM AND HEAT TRANSFER EQUIPMENT FOR THE MANUFACTURES FERTILIZERS AND RELATED FEED PRODUCTS IN THE U.S., MANUFACTURES DRAGLINES, ELECTRIC MINING SHOVELS AND ROTARY ROCKY MOUNTAIN, MID-CONTINENT AND GULF COAST REGIONS. PETROCHEMICAL, OIL REFINERY AND POWER GENERATION INDUSTRIES. CANADA AND TRINIDAD. BLASTHOLE DRILLS USED FOR SURFACE MINING.

+28% Ann. EPS Gro PE 33 Avg. D. Vol 1,090,300 Debt 26% Last Qtr Eps +165%5 Prior Qtr +144%5 Last Qtr Sales +88% 3 Qtrs EPS ) 15% Eps Due 8/6 R&D 1%

+131% Ann. EPS Gro PE 24 Avg. Daily Vol 106,800 Debt 0% Last Qtr Eps +429%6 Prior Qtr +700%5 Last Qtr Sales +42% 4 Qtrs EPS ) 15% Eps Due 6/5

Acc/Dis A+ Sup/Demand 56

+48% Ann. EPS Gro PE 46 Avg. D. Vol 10,790,700 Debt 22% Last Qtr Eps +147%5 Prior Qtr +102%5 Last Qtr Sales +64% 7 Qtrs EPS ) 15% Eps Due 7/26

Acc/Dis B+ Sup/Demand 89

Hits new high in heavy vol. More than 100% past its 40-week. Thin stock, 15% over 53.10 buy point on cup w/handle.

Acc/Dis D+ Sup/Demand 94

Rebounds from 10-week on above-average volume.

+76% Ann. EPS Gro PE 33 Avg. D. Vol 1,212,400 Debt 65% Last Qtr Eps +91%5 Prior Qtr +70%6 Last Qtr Sales+172% 14 Qtrs EPS ) 15% Eps Due 8/2 R&D 1% Acc/Dis ASup/Demand 94

20% past 114.10 buy point; new highs, but falling volume.

INC CL A (MA) Grp 43 o$286.85 TITAN MACHINERY INC (TITN) Grp 42 o$20.16 BAIDU.COM INC (BIDU) Grp 142 o$346.28 RESEARCH IN MOTION (RIMM) Grp 95 o$132.77 5 MASTERCARD 70.6M Shares 99 Comp. Rating 99 EPS RS 98 ROE 29% 6 7.4M Shares 94 Comp. Rating 99 EPS RS 99 ROE 18% 7 13.4M Shares 97 Comp. Rating 99 EPS RS 98 ROE 38% 8 483.9M Shares 98 Comp. Rating 99 EPS RS 98 ROE 40% SMARTSELECT ® COMPOSITE RATING

RelîAnnual Last Qtr NextQtr Lst Qtr Mgtîì SpnEPS StrëîEPS Est EPS EPS Salesî Pretaxè Ownî shp Price 6íî Rtg Rtgî% Chg % Chg % Chg % Chg ROE mrgnè % Rtg COMPANIES 1-20

Rank Company

PROVIDES GLOBAL PAYMENT SOLUTIONS IN SUPPORT OF THE CREDIT AND OPERATES 34 AGRICULTURAL/CONSTRUCTION EQUIPMENT STORES AND 2 CHINESE PROVIDER OF INTERNET SEARCH, TARGETED ONLINE ADVERTISING MANUFACTURES BLACKBERRY AND OTHER WIRELESS HANDHELD DEVICES DEBIT PAYMENT PROGRAMS OF 25,000 FINANCIAL INSTITUTIONS. OUTLETS OFFERING NEW/USED TRACTORS AND OTHER MACHINERY. AND OTHER INTERNET CONTENT SERVICES. FOR THE MOBILE COMMUNICATIONS MARKET.

+49% Ann. EPS Gro PE 43 Avg. D. Vol 3,344,000 Debt 5% Last Qtr Eps +65%6 Prior Qtr +187%5 Last Qtr Sales +29% 7 Qtrs EPS ) 15% Eps Due 8/1

+58% Ann. EPS Gro PE 34 Avg. Daily Vol 503,100 Debt 19% Last Qtr Eps +109%6 Prior Qtr +250%5 Last Qtr Sales +61% 6 Qtrs EPS ) 15%

+193% Ann. EPS Gro PE 124 Avg. D. Vol 6,795,300 Debt 0% Last Qtr Eps +86%5 Prior Qtr +84%6 Last Qtr Sales+130% 17 Qtrs EPS ) 15% Eps Due 7/25 R&D 8%

+42% Ann. EPS Gro PE 59 Avg. D. Vol 20,848,400 Debt 0% Last Qtr Eps +118%5 Prior Qtr +103%5 Last Qtr Sales+102% 8 Qtrs EPS ) 15% Eps Due 6/28 R&D 6%

Res Inc 53.18 99 99 99 +71 +165 +104 +88 39 56 74 C 1 Continental E&P firm's Q1 EPS leapt 165%, beating views on solid pricing, production. 99 99+207 +429 +44 +42 15 9 10 .. Graham Corp 2 Industrial gear maker's60.84profit98growth seen slowing to 44% this quarter. 197.9 99 99 99+204 +147 +176 +64 25 29 2 B Potash Saskatch 3 Fertilizer firm reports triple–digit Q1 EPS growth; beats analysts' views. 136.5 99 99 98 +49 +91 +32+172 24 10 1 B Holds near high after huge run-up on heavy volume. Intl Regains 10-week line but on below-average turnover. May be forming handle off 53%-deep cup base. Clears 124.13 buy point but volume still absent. 4 Bucyrus Mining gear maker to split its stock 2–for–1, effective May 27. ARENA RESOURCES (ARD) Grp 1 o$49.83 DRYSHIPS INC (DRYS) Grp 41 o$91.96 DENBURY RESOURCES (DNR) Grp 1 o$32.87 C F INDUSTRIES HLDGS (CF) Grp 4 o$136.83 286.9 99 99 98 +51 +65 +43 +29 29 29 1 B Cl A 5 Mastercard Credit card issuer's Q1 EPS jumps on fee increases, transaction growth. 9 31.6M Shares 99 Comp. Rating 99 EPS RS 97 ROE 20% 10 25.7M Shares 98 Comp. Rating 99 EPS RS 97 ROE 46% 11 236.1M Shares 99 Comp. Rating 99 EPS RS 96 ROE 22% 12 55.2M Shares 98 Comp. Rating 98 EPS RS 99 ROE 37% Titan Machinery Inc 20.16 94 99 99 +30 +109 +163 +61 18 3 45 D 6 Farm equipment retailer closed acquisition of farm equipment dealership. +91% Ann. EPS Gro PE 35 Avg. Daily Vol 630,800 Debt 14% +35% Ann. EPS Gro PE 10 Avg. D. Vol 3,801,900 Debt 102% +33% Ann. EPS Gro PE 25 Avg. D. Vol 2,297,000 Debt 48% +68% Ann. EPS Gro PE 18 Avg. D. Vol 2,995,800 Debt 0% 346.3 97 99 98 +63 +86 +65+130 38 37 28 B Last Qtr Eps +170%5 Prior Qtr +71%5 Last Qtr Sales+172% Inc Last Qtr Eps +484%6 Prior Qtr+2064%6 Last Qtr Sales+195% Last Qtr Eps +160%5 Prior Qtr +91%5 Last Qtr Sales +82% Last Qtr Eps +243%6 Prior Qtr +385%6 Last Qtr Sales +41% 7 Baidu.com Chinese search engine's EPS has slowed down for 5 qtrs, but still strong. 16 Qtrs EPS ) 15% 4 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 6 Qtrs EPS ) 15% Eps Due 5/29 Eps Due 8/1 Eps Due 7/30 Research In Motion 132.8 98 99 98 +69 +118 +121+102 40 30 14 B Eps Due 8/7 8 Rare combination of best–possible 99 EPS and Relative Strength Ratings. Arena Resources 49.83 99 99 97 +61 +170 +63+172 20 59 10 C 9 Earnings growth accelerated from 17% to 26% to 71% to 170% past 3 qtrs. 91.96 98 99 97 +96 +484 +343+195 46 58 30 A Inc 10 DryShips Shipping service provider's Q1 EPS seen rising 336%, sales 152%. Denbury Resources 32.87 99 99 96 +51 +160 +60 +82 22 44 4 B 11 Oil explorer to report Q1 earnings on May 1; 138% increase expected. Bounces off 10-week, but on mild weekly volume. Working on right side of long and uneven base. Regains 10-week line but upside volume weak. Finds support at 10-week line after 2 1/2 weeks of selling. Industries Hldgs 136.8 98 98 99 +98 +243 +70 +41 37 20 2 C ENERGY (SWN) Grp 1 o$45.40 PRICELINE.COM (PCLN) Grp 55 o$138.63 RENESOLA LTD ADS (SOL) Grp 3 o$19.49 SOC QUIM MNRA (SQM) Grp 4 $27.87 12 CFFertilizer maker reports its 4th straight qtr of triple–digit EPS growth. 13 SOUTHWSTRN 328.3M Shares 98 Comp. Rating 98 EPS RS 99 ROE 14% 14 31.2M Shares 96 Comp. Rating 98 EPS RS 98 ROE 39% 15 30.6M Shares 99 Comp. Rating 98 EPS RS 98 ROE 67% 16 119.2M Shares 99 Comp. Rating 98 EPS RS 98 ROE 13% Southwstrn Energy 45.40 98 98 99 +92 +107 +107 +84 14 28 4 B 13 Oil explorer's Q1 earnings surged 107% and beat views by 6 cents a share. +19% Ann. EPS Gro PE 56 Avg. D. Vol 5,229,900 Debt 59% +65% Ann. EPS Gro PE 31 Avg. D. Vol 1,396,400 Debt 0% +232% Ann. EPS Gro PE 27 Avg. D. Vol 1,308,000 Debt 0% +28% Ann. EPS Gro PE 36 Avg. Daily Vol 746,800 Debt 44% 138.6 96 98 98 +26 +77 +17 +34 39 15 5 B Priceline.com Last Qtr Eps +107%6 Prior Qtr +110%5 Last Qtr Sales +84% Last Qtr Eps +77%5 Prior Qtr +66%6 Last Qtr Sales +34% Last Qtr Eps +81%5 Prior Qtr +40%5 Last Qtr Sales+198% Last Qtr Eps +56%5 Prior Qtr +55%5 Last Qtr Sales +38% 14 Online travel agent's Q1 profit of 76 cents topped views by 16 cents. 4 Qtrs EPS ) 15% 7 Qtrs EPS ) 15% 8 Qtrs EPS ) 15% 5 Qtrs EPS ) 15% Renesola Ltd Ads 19.49 99 98 98 +51 +81 +109+198 67 .. 50 Eps Due 8/7 Eps Due 8/8 15 Solar wafers maker raises full–yr output, revenue guidance for 2008. A Eps Due 7/31 R&D 1% 27.87 99 98 98 +19 +56 .. +38 13 .. .. B Soc Quim Mnra 16 Chilean fertilizer maker's Q1 profit growth of 56% best in 11 quarters. 58.83 99 98 97 +34 +47 +28 +44 18 19 4 C Energy Svcs 17 OilT–3service and gear firm reported Q1 profit above views, sales missed. 77.85 99 97 98 +25 +40 +13 +32 32 10 2 B 18 FMCSalesTechnologies growth is in an improving trend from 14% to 32% past five quarters. Near new highs; 26% past 36.02 buy pt from 10-wk pullback. Breaksout from consolidation alone 10-week line. Extended 36% over 14.29 buy point from V-shaped base. 34% past 20.75 buy pt; falling with many commodity stocks. 99 97 98 +34 +100 +27 +46 21 11 13 C Hess Corp 19 Goldman Sachs added115.7 integrated oil firm to its recommended list. T-3 ENERGY SVCS (TTES) Grp 16 o$58.83 FMC TECHNOLOGIES (FTI) Grp 17 o$77.85 CORP (HES) Grp 23 o$115.74 QUICKSILVER RSCS (KWK) Grp 1 o$39.67 17 18 19 HESS 12.1M Shares 99 Comp. Rating 98 EPS RS 97 ROE 18% 127.0M Shares 99 Comp. Rating 97 EPS RS 98 ROE 32% 280.4M Shares 99 Comp. Rating 97 EPS RS 98 ROE 21% 20 102.9M Shares 99 Comp. Rating 97 EPS RS 98 ROE 14% 39.67 99 97 98 +80 +79 +53 +35 14 31 35 B Quicksilver Rscs 20 CapitalOne Southcoast cuts Texas oil, gas explorer to neutral from add. 7

Acc/Dis ASup/Demand 91

Acc/Dis D Sup/Demand 95

Acc/Dis ASup/Demand 98

Acc/Dis B Sup/Demand 94

7 7

ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS GREEK PROVIDER OF CARRIER TRANSPORTATION SERVICES FOR DRYBULK ENGAGED IN THE ACQUISITION, EXPLORATION, DEVELOPMENT AND OPERA- MANUFACTURES NITROGEN AND PHOSPHATE FERTILIZERS INCLUDING UREA, PROPERTIES IN OKLAHOMA, TEXAS, KANSAS AND NEW MEXICO. COMMODITIES SUCH AS COAL/IRON ORE WITH 40 VESSEL FLEET. TION OF OIL AND GAS PROPERTIES IN THE GULF COAST REGION AMMONIA AND UREA AMMONIUM NITRATE IN NORTH AMERICA.

7 7

Acc/Dis B+ Sup/Demand 85

Acc/Dis ASup/Demand 98

Acc/Dis C+ Sup/Demand 68

Acc/Dis C Sup/Demand 96

7

7

ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS PROVIDES AIRLINE TICKET, HOTEL ROOM, CAR RENTAL, VACATION PACKAGE CHINESE MANUFACTURER OF SOLAR WAFERS FOR THE PRODUCTION OF CHILEAN PRODUCER OF SPECIALTY FERTILIZERS, IODINE, INDUSTRIAL IN ARKANSAS, OKLAHOMA, TEXAS AND NEW MEXICO. AND CRUISE SERVICES THROUGH PRICELINE.COM. SOLAR CELLS AND MODULES. CHEMICALS AND OTHER PRODUCTS SOLD WORLDWIDE.

7

Acc/Dis B Sup/Demand 82

Acc/Dis B Sup/Demand 94

Acc/Dis B+ Sup/Demand 89

Acc/Dis ASup/Demand 37

7

DESIGNS, MANUFACTURES, REPAIRS, AND SERVICES PRODUCTS FOR THE OIL DESIGNS/MANUFACTURES HIGH PRESSURE VALVES/FITTINGS, MEASURE- ENGAGED IN EXPLORATION, PRODUCTION, REFINING AND MARKETING OF OIL ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL, NATURAL AND GAS INDUSTRY MENT AND TRANSPORTATION EQUIPMENT FOR THE ENERGY INDUSTRY. & GAS IN THE U.S., EUROPE, AFRICA AND ASIA. GAS AND NGLS IN THE UNITED STATES AND CANADA.

+98% Ann. EPS Gro PE 23 Avg. Daily Vol 200,900 Debt 32% Last Qtr Eps +47%5 Prior Qtr +46%5 Last Qtr Sales +44% 15 Qtrs EPS ) 15% Eps Due 7/30

IBD 100 Vs. The Market IBD 100:

231.1%

+59% Ann. EPS Gro PE 31 Avg. D. Vol 1,820,600 Debt 11% Last Qtr Eps +40%6 Prior Qtr +75%5 Last Qtr Sales +32% 13 Qtrs EPS ) 15% Eps Due 7/30 R&D 1%

Acc/Dis ASup/Demand 83

+30% Ann. EPS Gro PE 16 Avg. D. Vol 4,013,200 Debt 40% Last Qtr Eps +100%5 Prior Qtr +56%5 Last Qtr Sales +46% 2 Qtrs EPS ) 15% Eps Due 7/25 R&D 6%

Acc/Dis BSup/Demand 80

Acc/Dis B+ Sup/Demand 76

+35% Ann. EPS Gro PE 48 Avg. D. Vol 2,060,000 Debt 76% Last Qtr Eps +79%5 Prior Qtr +50%5 Last Qtr Sales +35% 4 Qtrs EPS ) 15% Eps Due 8/8 Acc/Dis D Sup/Demand 77

S&P 500:

50.3%

Performance 5/2/03 to 5/8/08

Thin stock. 12% past 52.58 buy point from cup-w-deep-handle. Extended 10% past 70.74 buy point in high handle.

Back near new high after pullback to buy point.

Reverses lower; 2% past 38.82 buy pt from 10-wk pullback.

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3.39%

4.80%

Interest rate risks may cause the price of a debt security to decrease. In addition, there are risks unique to the investments that this fund invests in. Floating rate loans are subject to restrictions on resale, price changes, and greater risk of default. REITs are affected by changes in real estate values or economic conditions, which can have a positive or negative effect on issuers in the real estate industry. Commodity linked investments may be affected by overall commodities market movements and other factors that affect the value of a particular industry or commodity. 1 Fidelity Strategic Real Return Fund inception date is 9/7/2005. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit Fidelity.com/performance for most recent month-end performance. * Average annual total returns are historical and include changes in share price, reinvestment of dividends, and capital gains, if any.

Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully. Fidelity Distributors Corporation. 492537

CALL CLICK

800.396.9602 Fidelity.com/srrfund


B2

MONDAY, MAY 12, 2008

INVESTORS.COM

INSIDE THE 100

IBD 100 Tops Main Indexes As Energy, Materials Climb BY PATRICK CAIN

Weekly Winners & Losers

INVESTOR'S BUSINESS DAILY

Biggest price changes among IBD 100 stocks

The IBD 100 and the main indexes aren’t shadowing each other like you might expect. Last week the IBD 100 rose 2.2%, easily outperforming the major indexes. The Nasdaq andNYSE composite had weekly losses of 1.3%, while the S&P 500 shed 1.8% and the Dow dropped 2.4%. The prior week, it was just the opposite. IBD’s ranking of top-performing stocks fell while the indexes gained ground. Generally, when leaders outpace the overall market, it’s a good sign. You want to see the market leaders outperform the general market. But the IBD 100 currently is heavily weighted by energy and materials stocks. Those groups’ rebounds last week gave the IBD 100 a better showing, just like they hurt it the prior week. Meanwhile, some stocks that got pushed off the list due to severe corrections are sneaking back on it as their share prices recover. Medical device make Mindray MedicalMR crushed earnings expectations last week and gapped up. It’s now 13% off its prior high. New Oriental EducationEDU also is re-emerging. In the past four months the Chinese education company started recovering from a two-week sell-off that dropped the stock as much as 45%. At this stage of the market’s uptrend, many leaders are pulling back to their 10-week moving averages. They may provide new buying opportunities if they bounce back, although much depends on how volume acts. When volume is soft on the way down and high on the way up, that’s a bullish sign. The opposite combination is a sign of weakness. Fertilizer company CF IndustriesCF broke out of its consolidation on April 7. It ran up and then topped two weeks later. On its way downto the 10-week line, daily volume was lessening. Now volume is

Company

Weekly % Symbol price change

Top 10

ReneSola Ltd Ads Continental Res Sun Hydraulics FMC Technologies National Oilwell Varco Petrohawk Energy Arena Resources Denbury Resources Noble Energy Berry Petroleum

SOL CLR SNHY FTI NOV HK ARD DNR NBL BRY

22.2 % 21.33 20.84 16.52 15.19 14.28 12.10 11.46 11.24 10.90

EXLS GFA BBD ITU SDA EOC ITRI CHL DECK PSEM

-19.15 % -11.03 -7.76 -7.58 -6.22 -5.85 -5.45 -5.24 -5.16 -5.11

Bottom 10

ExlService Holdings Gafisa Banco Bradesco Banco Itau Hldg Sadia Empresa Nac El Chile Itron China Mobile Ltd Deckers Outdoor Pericom Semiconductor

picking up as it is making incremental gains. Atwood OceanicsATW, and oil and gas driller, also fell on lower volume. As Atwood tries to rebound volume has been mixed. Trading was above average when it climbed Monday and Tuesday. The week’s heaviest trading was Friday, when shares fell 1%. The volume trend is less favorable for TransoceanRIG, another drilling company. Shares saw weak volume as it climbed back from the 10-week line. Now it’s slipping again, but this time on fast trade and following a downward reversal. Occidental PetroleumOXY found support at its 10-week line. But volume has remained quiet as shares made an all-time high during the week.

IBD’S WEEK IN REVIEW

Agrium Rides Fertilizer Boom Potash Dealer Scoring On Strong Global Need

AGRIUM (AGU) Grp 4 o$86.70 156.2M Shares 98 Comp. Rating 96 EPS RS 98 ROE 21% MANUFACTURES AND DISTRIBUTES NITROGEN, POTASH AND PHOSPHATEBASED FERTILIZERS AND OTHER AGRICULTURAL PRODUCTS.

+16% Ann. EPS Gro PE 20 Avg. D. Vol 4,567,200 Debt 25% Last Qtr Eps+1263%5 Prior Qtr +364%6 Last Qtr Sales +35% 4 Qtrs EPS ) 15% Eps Due 8/8

As Saudi Arabia is to oil, Canada is to potash. And AgriumAGU, a Canadian producer of this key ingredient for fertilizers, is becoming the WalAcc/Dis B Sup/Demand 93 Mart of agricultural goods. China’s growth surely isn’t hurting. The company was able to demand $576 a ton — for 1 million tons 11% past 76.88 buy pt; look for rebound from 10-week line. — for potash, a 227% leap from ’07. ning stages for a new division that Agrium is continuing to grow its started with a buyout and is creatpresence in emerging markets. ing products like patented conIn April, it opened an office in trolled-released fertilizers for lawn Beijing. The day before that, it and garden care. bought a 70% stake in Common Market Fertilizers to support its Agrium’s earnings last quarter shot up to 93 cents a share from an facility in Egypt. That purchase is just one of many. 8-cent loss a year ago. Sales inRising fuel prices hinder the compa- creased 35%. Annual earnings grew 293% to ny’s bottom line, but “record nitro$3.27 a share, as return on equity gen prices (are) more than offsetmore than doubled to 21% and preting a slight increase in gas cost,” according to CIBC World Markets. tax margins nearly quadrupled to 12.3%. Patrick Cain The company is also in the begin-

Hess Banking On Exploration Its Technology, Drilling Areas Favorable Factors As oil prices keep rising to record highs, oil firms such as HessHES are set to profit from the trend. The New York-based firm is an integrated oil and gas concern with operations in the U.S., Europe, Africa and Asia. The company has several exploration projects en route that should ensure its future growth. “Acreage positions near some of the industry’s most prominent discoveries coupled with industryleading technologies and a focused drilling program make (Hess) one of the most eagerly watched and, in our view, potentially lucrative exploration programs among the integrated oils,” wrote JPMorgan analyst Katherine Lucas Minyard in a recent research report. After a stretch of lackluster growth, earnings advanced 56% and 100% the past two quarters. Sales growth also picked up to

HESS CORP (HES) Grp 23 o$115.74 280.4M Shares 99 Comp. Rating 97 EPS RS 98 ROE 21% ENGAGED IN EXPLORATION, PRODUCTION, REFINING AND MARKETING OF OIL & GAS IN THE U.S., EUROPE, AFRICA AND ASIA.

+30% Ann. EPS Gro PE 16 Avg. D. Vol 4,013,200 Debt 40% Last Qtr Eps +100%5 Prior Qtr +56%5 Last Qtr Sales +46% 2 Qtrs EPS ) 15% Eps Due 7/25 R&D 6% Acc/Dis B+ Sup/Demand 76

Back near new high after pullback to buy point.

32% and 46% the last two periods. The company has a moderate 40% long-term debt-to-equity ratio. Its return on equity stood at 21% in ’07. It also generates huge amounts of cash. Last year’s operating cash flow per share was $10.86, nearly double that of its EPS. Institutional support has been growing. At the end of December, 451 mutual funds owned 119 million shares. That’s up from 364 funds with 102 million shares three quarters prior. Marie Beerens

Oil Soars 8% On Supply Woes, Fears

1

June crude surged $9.64 to $125.96 a barrel. Concerns about U.S. and European diesel supplies fueled gains. Data showed that OPEC output fell in April, largely on Nigeria disruptions. Iran and Venezuela tensions didn’t help. Retail gasoline and diesel prices hit new highs on Fri.

Stocks Fall On Oil, AIG

U.S. Defies Recession Fear

The major averages pulled back from multimonth peaks as oil shot up to new highs. The Nasdaq and NYSE composite both fell 1.3% for the week. The S&P 500 lost 1.8%. The Dow slid 2.4% as AIG fell 18%.

Economic data remain sluggish — but generally don’t suggest the U.S. is in a recession. Pending home sales fell 1% to a record low in March. But Q1 productivity rose faster-than-expected in Q1. Weekly jobless claims fell more than expected, though the 4-week average rose and continuing claims held above 3 mil. The March U.S. trade gap fell hard as imports dropped faster than exports. That likely will lead to an upward revision to Q1 GDP growth.

2

Burma Gov’t Hinders Aid

3

More than 22,000 were killed and 1 mil left homeless when a cyclone devastated the SE Asia nation. Burma’s military junta barred foreign aid workers, thwarting int’l relief efforts. The U.N. said deaths could top 100,000 if aid is withheld.

Hopes For Clinton Fading

4

Dem presidential candidate Barack Obama moved closer to locking up his party’s nomination after an impressive victory in N.C. and surprisingly close 2nd in Ind. Hillary Clinton vowed to fight on, but her support appeared to wane.

Retail Sales Top Forecasts

5

Retailers’ April same-store sales rose 3.3% vs. a year ago as WalMart’srose 3.2%, both beating views by the most in over a year on bargain-hunting and pent-up demand for apparel. Tax rebates could buoy consumers amid high food and gas costs, job losses and housing woes.

7

Priceline Books Big Profit

8

The online travel agency’s EPS rose 77% to 76 cents ex items, beating views by 16 cents. Revenue rose 34% to $403.2 mil, also topping expectations. Travel bookings rose 76% vs. a year ago as int’l business doubled. Priceline sees ’08 EPS of $5.25-$5.65 vs. views of $5.11. Its shares shot up 12% to a new high.

Cisco Cites Weak Economy

9

The networking giant’s Q3 EPS rose 12% to 38 cents ex items, 2 cents above views. Sales rose 10% to $9.79, the 5th quarter of slowing growth, but edging past views. Rising Internet traffic supported sales despite a weak U.S. economy. Cisco sees Q4 sales up 9%-10% vs. views of 9%. Shares fell 5% for the week.

More Losses For Financials Fighting Erupts In Beirut

6

AIG fell 9% Fri. and 18% for the week after swinging to a big Q1 loss on subprime woes. The world’s top insurer will raise $12.5 bil selling shares. Citi aims to shed $400 bil of assetsin3years.UBSlost$11bilinQ1 and will ax 5,500 jobs. Fannie Mae lost$2.19 biland israisingcapital.

10

Hezbollah seized control of much of the capital after 3 days of street battles vs. Sunni fighters loyal to the U.S.-backed gov’t. Sectarian violence erupted after Hezbollah blocked roads to enforce a labor strike. The clashes rekindled fears of a new civil war.

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INVESTOR'S BUSINESS DAILY

B3

MONDAY, MAY 12, 2008

COMPANY (MOS) Grp 4 o$126.42 CONCUR TECH (CNQR) Grp 82 o$36.25 COMPN SIDERGIC (SID) Grp 2 o$47.13 GMX RESOURCES (GMXR) Grp 1 o$42.17 21 MOSAIC 155.3M Shares 99 Comp. Rating 96 EPS RS 99 ROE 9% 22 392.4M Shares 99 Comp. Rating 96 EPS RS 99 ROE 41% 23 12.8M Shares 99 Comp. Rating 99 EPS RS 95 ROE 10% 24 39.2M Shares 97 Comp. Rating 99 EPS RS 94 ROE 8% MANUFACTURES PHOSPHATE FERTILIZERS, FEED PHOSPHATE AND POTASH BRAZILIAN PRODUCER OF GALVANIZED, HOT AND COLD ROLLED AND TIN ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS PROVIDES CORPORATE EXPENSE REPORT MANAGEMENT AND TRAVEL FERTILIZERS SOLD WORLDWIDE. PROCUREMENT SOFTWARE APPLICATIONS. MILL STEEL PRODUCTS IN LOUISIANA, NEW MEXICO AND TEXAS.

+77% Ann. EPS Gro PE 43 Avg. D. Vol 7,242,100 Debt 43% Last Qtr Eps+1940%5 Prior Qtr +440%5 Last Qtr Sales +68% 6 Qtrs EPS ) 15% Eps Due 7/30

+23% Ann. EPS Gro PE 23 Avg. D. Vol 3,532,600 Debt 92% Last Qtr Eps +43%6 Prior Qtr +640%5 Last Qtr Sales +44% 5 Qtrs EPS ) 15% Eps Due 8/14

Acc/Dis C+ Sup/Demand 83

+38% Ann. EPS Gro PE 38 Avg. Daily Vol 252,000 Debt 58% Last Qtr Eps +90%6 Prior Qtr +155%5 Last Qtr Sales+106% 2 Qtrs EPS ) 15% Eps Due 8/2

Acc/Dis B+ Sup/Demand 47

+52% Ann. EPS Gro PE 68 Avg. Daily Vol 776,800 Debt 2% Last Qtr Eps +100%5 Prior Qtr +71%6 Last Qtr Sales +74% 3 Qtrs EPS ) 15% Eps Due 8/1 R&D 12% Acc/Dis ASup/Demand 85

Acc/Dis ASup/Demand 82

Retreats from high to 10-week line, volume is fading fast. 14% above 41.35 buy point from 7-week cup with handle. Within 2% of 41.49 breakout from cup-with-high-handle. Near 37.54 buy pt in double-bottom. May be forming handle. INTL ADR (CTRP) Grp 167 o$64.92 NATL OILWELL VARCO (NOV) Grp 17 o$77.41 TERRA NITROGEN (TNH) Grp 4 $145.50 ATWOOD OCEANICS (ATW) Grp 6 o$104.89 25 CTRIP.COM 50.4M Shares 96 Comp. Rating 98 EPS RS 97 ROE 39% 26 4.6M Shares 98 Comp. Rating 98 EPS RS 96 ROE 117% 27 27.3M Shares 98 Comp. Rating 98 EPS RS 95 ROE 26% 28 410.5M Shares 98 Comp. Rating 98 EPS RS 95 ROE 23% CHINA-BASED CONSOLIDATOR OF HOTEL ACCOMMODATIONS AND AIRLINE MANUFACTURES FERTILIZERS INCLUDING UREA AMMONIUM NITRATE AND ENGAGED IN INTERNATIONAL OFFSHORE CONTRACT DRILLING AND COMPLE- ENGAGED IN THE MANUFACTURE AND SALE OF SYSTEMS, COMPONENTS, TICKETS TARGETING INDIVIDUAL BUSINESS AND LEISURE TRAVELERS. AND PRODUCTS TO THE OIL AND GAS INDUSTRY WORLDWIDE. AMMONIA USED BY FARMERS TO IMPROVE CROP YIELD AND QUALITY. TION OF EXPLORATORY AND DEVELOPMENTAL OIL AND GAS WELLS

SMARTSELECT ® COMPOSITE RATING

RelîAnnual Last Qtr NextQtr Lst Qtr Mgtîì SpnEPS StrëîEPS Est EPS EPS Salesî Pretaxè Ownî shp Price 6íî Rtg Rtgî% Chg % Chg % Chg % Chg ROE mrgnè % Rtg COMPANIES 21-40

Rank Company

+48% Ann. EPS Gro PE 68 Avg. Daily Vol 886,700 Debt 0% Last Qtr Eps +107%5 Prior Qtr +73%5 Last Qtr Sales +69% 13 Qtrs EPS ) 15% Eps Due 5/16 R&D 13%

+64% Ann. EPS Gro PE 11 Avg. Daily Vol 350,500 Debt 0% Last Qtr Eps +110%6 Prior Qtr +286%5 Last Qtr Sales +36% 6 Qtrs EPS ) 15% Eps Due 7/26

+120% Ann. EPS Gro PE 20 Avg. Daily Vol 588,800 Debt 0% Last Qtr Eps +29%6 Prior Qtr +79%6 Last Qtr Sales +20% 8 Qtrs EPS ) 15% Eps Due 8/7

+88% Ann. EPS Gro PE 19 Avg. D. Vol 6,243,100 Debt 11% Last Qtr Eps +42%6 Prior Qtr +54%6 Last Qtr Sales +24% 15 Qtrs EPS ) 15% Eps Due 7/25

126.4 99 96 99+405 +999 +272 +68 9 7 1 B Mosaic Company 21 Phosphate fertilizer maker's profit growth stepped up the past 2 qtrs. 47.13 99 96 99 +47 +43 +44 +44 41 34 .. B Compn Sidergic 22 Deutsche Securities raises Brazilian steel maker to buy from hold. 99 99 95 +54 +90 +31+106 10 36 13 C GMX Resources 23 Nat gas producer's EPS42.17 growth rate tapered from 400% to 27% past 4 qtrs. Clears 63.10 buy pt from cup; weekly reversal taking shape. Just at 145.10 buy pt from dbl-bottom; high handle forming? Possible buy range; found support after pullback to 10-week. 2% over 75.93 buy pt; broke out of 7-month cup w/handle. 36.25 97 99 94 +14 +100 +10 +74 8 17 11 C Concur Tech INC (RIG) Grp 6 o$153.66 RANGE RESOURCES (RRC) Grp 1 o$69.67 SWIFT ENERGY (SFY) Grp 1 o$55.63 NATURAL GAS SVCS (NGS) Grp 17 o$26.86 24 Software developer expects Q3 profit to beat analyst estimates. 29 TRANSOCEAN 314.8M Shares 99 Comp. Rating 98 EPS RS 94 ROE 26% 30 29.6M Shares 99 Comp. Rating 98 EPS RS 94 ROE 20% 31 11.1M Shares 96 Comp. Rating 97 EPS RS 98 ROE 11% 32 153.6M Shares 99 Comp. Rating 97 EPS RS 97 ROE 17% Intl ADR 64.92 96 98 97 +13 +107 +13 +69 39 45 3 B 25 Ctrip.com China–based online travel firm's EPS growth accelerated in past 5 qtrs. +39% Ann. EPS Gro PE 38 Avg. D. Vol 2,214,300 Debt 67% +43% Ann. EPS Gro PE 25 Avg. Daily Vol 193,300 Debt 8% 145.5 98 98 96 +44 +110 .. +36 99 32 .. .. +162% Ann. EPS Gro PE 12 Avg. D. Vol 6,200,100 Debt 88% +20% Ann. EPS Gro PE 9 Avg. Daily Vol 579,000 Debt 70% Terra Nitrogen Last Qtr Eps +35%6 Prior Qtr +90%5 Last Qtr Sales +34% Last Qtr Eps +85%5 Prior Qtr +51%5 Last Qtr Sales +53% Last Qtr Eps +32%6 Prior Qtr +58%5 Last Qtr Sales +13% 26 Fertilizer maker's EPS growth boomed 228%, 232%, 286% past 3 quarters. Last Qtr Eps +51%6 Prior Qtr +100%6 Last Qtr Sales+134% 7 Qtrs EPS ) 15% 5 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 7 Qtrs EPS ) 15% 104.9 98 98 95 +53 +29 +81 +20 26 39 1 B Eps Due 8/1 Atwood Oceanics Eps Due 7/25 Eps Due 8/2 Eps Due 8/7 27 Analysts expect 13% profit growth when oil driller reports Q2 results 5/9. R&D 5% Natl Oilwell Varco 77.41 98 98 95 +23 +42 +24 +24 23 20 1 C 28 Lost trade–secrets lawsuit against A&B Valve and Piping Systems. 153.7 99 98 94 +21 +51 +31+134 26 45 1 C Transocean Inc 29 World's largest offshore oil driller beat EPS views 6 quarters straight. +53 20 39 4 C Swift Energy 30 Oil producer's Q1 profit55.63jumped99 9885%94 yoy+27on +85higher+31prices; sales up 53%. Finds support at 10-week line, but volume questionable. 10% past 50.77 buy pt; low-vol breakout from 6-week cup. Making second bounce off 10-week since Feb. breakout. Third bounce off 10-week average since December breakout. Natural Gas Svcs 26.86 96 97 98 +15 +32 +27 +13 11 25 8 C NOBLE ENERGY INC (NBL) Grp 1 o$96.50 INC (AAPL) Grp 39 o$183.45 MONSANTO (MON) Grp 35 o$119.71 MONOLITHIC PWR SYS (MPWR) Grp 48 o$23.03 31 Gas compressor maker's Q1 earnings grew 32%, but sales rose only 13%. 33 APPLE 872.8M Shares 98 Comp. Rating 97 EPS RS 96 ROE 29% 34 543.3M Shares 98 Comp. Rating 97 EPS RS 96 ROE 16% 35 25.3M Shares 97 Comp. Rating 97 EPS RS 96 ROE 22% 36 167.0M Shares 99 Comp. Rating 97 EPS RS 96 ROE 22% Resources 69.67 99 97 97 +28 +35 +22 +34 17 46 4 B 32 OilRange and gas explorer priced offering of 4.2 mil shares at $66.38 each. 183.5 98 97 96 +32 +33 +17 +43 29 20 1 C +70% Ann. EPS Gro PE 38 Avg. D. Vol 38,425,000 Debt 0% Apple Inc +23% Ann. EPS Gro PE 15 Avg. D. Vol 1,851,500 Debt 38% +35% Ann. EPS Gro PE 39 Avg. D. Vol 8,156,400 Debt 15% +85% Ann. EPS Gro PE 32 Avg. Daily Vol 527,000 Debt 0% 33 Company settles two longstanding class–action suits, reports say. Last Qtr Eps +33%6 Prior Qtr +54%6 Last Qtr Sales +43% Last Qtr Eps +81%6 Prior Qtr +171%5 Last Qtr Sales +45% Last Qtr Eps +100%6 Prior Qtr +125%5 Last Qtr Sales +46% Last Qtr Eps +61%6 Prior Qtr +71%5 Last Qtr Sales +38% 2 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 119.7 98 97 96 +67 +81 +28 +45 16 17 1 B 19 Qtrs EPS ) 15% Eps Due 8/1 Eps Due 6/28 Eps Due 4/27 34 Monsanto Agriculture firm authorizes three–year, $800 million share buyback plan. Eps Due 7/25 R&D 6% R&D 3% R&D 9% R&D 20% Monolithic Pwr Sys 23.03 97 97 96 +35 +100 +125 +46 22 25 24 D 35 Fabless chipmaker’s Q1 EPS seen rising 125% to 18 cents/shr. Noble Energy Inc 96.50 99 97 96 +15 +61 +18 +38 22 43 3 B 36 Oil/gas explorer's Q1 EPS jump 61% yoy, beating views; sales up 38%. Holdings 20.98 98 97 96 +29 +83 +35 +37 15 28 25 C 37 Syniverse Telecom tops Q1 views by 27%; sales growth doubles. 5% past 91.53 buy point from pullback to 10-week average. Forming right side of deep base as accumulation improves. Volume is weak as it finds support at 10-wk moving avg. 5% past 21.93 buy point from cup-with-handle base. 39.95 97 96 99 .. +105 .. +69 23 15 42 .. Jinpan Intl Ltd 38 China–based transformer maker's Q4 EPS popped 105%, sales 69%. PETROQUEST ENERGY (PQ) Grp 1 o$22.41 SYNIVERSE HOLDINGS (SVR) Grp 79 o$20.98 JINPAN INTL LTD (JST) Grp 51 $39.95 AGRIUM (AGU) Grp 4 o$86.70 86.70 98 96 98 +89 +999 +49 +35 21 12 1 B 37 51.2M Shares 98 Comp. Rating 97 EPS RS 96 ROE 15% 38 4.7M Shares 97 Comp. Rating 96 EPS RS 99 ROE 23% 39 156.2M Shares 98 Comp. Rating 96 EPS RS 98 ROE 21% 40 42.1M Shares 98 Comp. Rating 96 EPS RS 98 ROE 17% Agrium 39 Posted a profit of 93 cents a share for Q1, from year–ago loss of 8 cents. Petroquest Energy 22.41 98 96 98 +60 +27 +63 +20 17 24 16 C +27% Ann. EPS Gro PE 26 Avg. Daily Vol 831,100 Debt 49% +12% Ann. EPS Gro PE 19 Avg. Daily Vol 737,900 Debt 110% +59% Ann. EPS Gro PE 20 Avg. Daily Vol 81,100 Debt 0% +16% Ann. EPS Gro PE 20 Avg. D. Vol 4,567,200 Debt 25% 40 U.S. oil explorer’s Q1 earnings rose 27%, beating estimates by 8%. Last Qtr Eps +83%5 Prior Qtr +65%5 Last Qtr Sales +37% Last Qtr Eps +105%5 Prior Qtr +59%6 Last Qtr Sales +69% Last Qtr Eps+1263%5 Prior Qtr +364%6 Last Qtr Sales +35% Last Qtr Eps +27%6 Prior Qtr+2100%5 Last Qtr Sales +20% Acc/Dis B Sup/Demand 78

Acc/Dis BSup/Demand 86

Acc/Dis BSup/Demand 81

Acc/Dis BSup/Demand 86

PROVIDES OFFSHORE CONTRACT DRILLING FOR OIL AND GAS WELLS ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND GAS IN MANUFACTURES, FABRICATES, SERVICES, AND RENTS NATURAL GAS COM- ENGAGED IN EXPLORATION AND PRODUCTION OF OIL AND GAS IN THE WORLDWIDE. SOUTHWEST, GULF COAST AND APPALACHIAN REGIONS OF THE U.S. OFFSHORE LOUISIANA AND TEXAS AND ONSHORE NEW ZEALAND. PRESSORS TO THE NATURAL GAS INDUSTRY IN THE U.S.

7

Acc/Dis BSup/Demand 87

Acc/Dis C+ Sup/Demand 86

Acc/Dis B Sup/Demand 80

Acc/Dis B Sup/Demand 83

DEVELOPS DESKTOP/LAPTOP COMPUTERS, PERIPHERALS, NETWORK DEVIC- MANUFACTURES CORN AND OTHER CROP SEEDS AND CROP PROTECTION DESIGNS DC-TO-DC CONVERTERS, LED DRIVERS, LCD BACKLIGHT INVERTERS, ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL AND NATURAL GAS IN THE UNITED STATES AND INTERNATIONALLY. ES, SOFTWARE AND THE IPOD DIGITAL MUSIC PLAYER. PRODUCTS FOR GROWERS WORLDWIDE. AND AUDIO AMPLIFIERS

7 7

Acc/Dis BSup/Demand 95

Acc/Dis C+ Sup/Demand 81

Acc/Dis ASup/Demand 72

Acc/Dis A Sup/Demand 83

7

PROVIDES WIRELESS NETWORK MANAGEMENT, TECHNOLOGY INTEROPERA- CHINESE MANUFACTURER OF CAST RESIN TRANSFORMERS USED TO MANUFACTURES AND DISTRIBUTES NITROGEN, POTASH AND PHOSPHATE- ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS IN OKLAHOMA, TEXAS AND THE GULF COAST BASIN. BILITY, CALL PROCESSING AND NUMBER PORTABILITY SERVICES CONVERT HIGH VOLTAGE ELECTRIC TRANSMISSIONS TO LOWER VOLTAGES BASED FERTILIZERS AND OTHER AGRICULTURAL PRODUCTS.

5 Qtrs EPS ) 15% Eps Due 7/31

3 Qtrs EPS ) 15% Eps Due 5/4

5 Qtrs EPS ) 15% Eps Due 8/7

4 Qtrs EPS ) 15% Eps Due 8/8

Know Your Company! Investigate before you invest. Always check a chart. Is your stock near a proper buy point? Or is the price up over 5% from a sound chart base or other buy point and therefore more risky? Stocks with strong fundamentals and sound base patterns have bold borders and merit further study and review. Verify the CAN SLIM vitals — big annual and current earnings and sales increases, high return on equity, better profit margins, sponsorship, market in a confirmed upturn. Read a company article archived on Investors.com. Define your risk and price objective.

Continued from A14 2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D+Small Cap Val – 2 + 3 +88 15.22n .. D–ST Bond + 2 0 +11 10.23n .. D–Tot Bd Mrkt + 2 + 1 +13 10.21n +.01 C Tot St Mkt – 4 + 4 +68 33.63n –.17 A Total Intl Stk r – 3 + 8+163 19.25n –.13 C–Value – 6 + 1 +75 24.29n –.17 Vanguard Instl $ 149 bil 800–662–7447 D+Balanced Idx – 2 + 3 +46 21.51n –.06 A Devlpd Mkts r – 3 + 8+144 13.03n –.10 A+EmgMktStk r – 3 + 6+335 32.13n –.12 A Euro Stk Idx r – 4 + 9+148 38.27n –.30 C–Index – 5 + 3 +60 127.11n –.83 B–Index Ext Mkt – 3 + 4+102 38.64n .. C+Index Gr – 3 + 6 +55 32.01n –.16 B Index Mid Cp – 3 + 5+104 20.16n –.04 C–Index Plus – 5 + 3 +60 127.11n –.83 C+Index Sm Cp – 3 + 5 +98 31.60n +.01 D–Index Tot Mkt + 2 + 1 +13 10.21n +.01 C–Index Value – 6 + 1 +75 24.29n –.17 D–InflaProtec + 4 + 2 .. 10.25n +.02 C LargeCapIdx – 5 + 3 .. 130.07n –.79 A–Pac Stk Idx r – 1 + 6+139 12.57n –.09 B REIT Idx r + 7 + 11 .. 14.33n –.11 D–ShInvGrd I + 1 0 +12 10.61n .. B Sm Cp Gr Idx – 4 + 6+102 19.17n +.02 D+SmCapVal Idx – 2 + 4 +89 15.26n .. StrcBrMkPls – 5 + 3 .. 51.17n –.26 StrcLgEqPls – 5 + 3 .. 53.72n –.36 C Tot Stk Idx – 4 + 4 +69 33.64n –.18 C Tot Stk Idx Pls – 4 + 4 +70 30.35n –.16 D–Totl Bd Idx + 2 + 1 +14 51.51n +.03 C TotStkIdx – 4 + 4 +70 30.35n –.16 36 Mos Fund Preformance Rating

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

C+TxMd CpAp r – 4 + 4 +70 33.66n –.19 C–TxMd Gr&Inc r – 5 + 3 +60 30.29n –.20 A TxMgd Intl r – 3 + 8+146 14.93n –.12 Vanguard Signal $ 43.7 bil 800–662–7447 500 Index – 5 + 3 .. 105.77n –.69 Bal Index – 2 + 3 .. 21.28n –.06 EmgMktStk r – 3 + 6 .. 40.61n –.15 EuroStkIdx r – 4 + 9 .. 34.76n –.26 ExtndMktIdx – 3 + 4 .. 33.19n .. Growth Idx – 3 + 6 .. 29.64n –.15 Int Bd Sig + 3 + 1 .. 10.60n +.02 Mid Cap Idx – 3 + 5 .. 28.81n –.05 Small Idx – 3 + 5 .. 28.47n +.01 ST Bond Idx + 2 0 .. 10.23n .. TotBdMktIdx + 2 + 1 .. 10.21n +.01 TotStMktIdx – 4 + 4 .. 32.46n –.17 Val Idx – 6 + 1 .. 25.28n –.17 Vanguard Funds $ 367 bil 800–851–4999 C Asset Alloc – 5 + 3 +60 28.56n –.16 E CA IntmTxEx + 1 0 10.87n +.03 E CA LngTxEx 0 0 +11 11.27n +.03 B+Cap Opport r – 2 + 5+121 35.90n –.05 E Cap Value – 9 – 3 +50 9.24n –.05 B+Convert Secs r 0 + 2 +57 13.60n –.03 Div Eq Inv – 6 + 3 .. 22.49n –.10 DivApprIdx – 3 + 3 .. 21.57n –.15 C+Dividend Gr – 3 + 4 +76 14.78n –.07 A+Energy r +11 + 20+322 89.27n –.22 C Equity Inc – 5 + 2 +60 22.97n –.14 C–Explorer – 6 + 4 +74 66.67n +.01 E FL LngTxEx + 1 + 1 +10 11.36n +.03

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Rating Chg Chg Tax% Value

Dividends REGULAR: Period Allied Wld Assur ....................Q Ambassadors Grp ....................Q Amcore Fin'l ............................Q American Campus ..................Q AmeriSourceBrgn......................Q Ares Capital ............................Q Asbury Automotiv ...................Q Assured Guaranty ....................Q AVX Corp .................................Q

Amt. .18 .115 .185 .3375 .075 .42 .225 .045 .04

Record Payment Date Date 5-27 6-12 5-22 6-5 5-30 6-12 5-16 5-30 5-19 6-2 6-16 6-30 5-19 6-16 5-23 6-9 5-27 6-6

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

A–Global Eq D–GNMA D Growth & Inc B–Growth Equity D–Health Care r D–HiYld Corp r E HiYldTxEx D–Inflation Prot E Insur LT Tx Ex E IntInvGdInv A–Intl Explor r A Intl Growth r A Intl Value r E Intmd Tax Ex D–Intmd Treas D+Life Consv Gr B–Life Growth D Life Income C Life Mod Gr E LT Tax Ex D–LT Treas E Ltd Tm Tx Ex E LTInvGrdInv E MA Tx Exem A+Metals&Mine r B+MidCapGr A B–Morgan Gr E NJ LngTxEx E NY LngTxEx E OH LT Tax Ex E PA LngTxEx B+Primecap r B–PrmcpCorInv r

B&G Foods Inc .......................Q Bel Fuse Inc A .......................Q Bel Fuse Inc B .......................Q Biovail Int'l .............................Q Carlisle Cos ..............................Q Centex Corp .............................Q CME Group A ..........................Q Compass Minerals ...................Q Consolidated Com ..................Q CPI Corp ..................................Q Duke Energy ............................Q Eagle Bulk Ship .....................Q Enbridge Inc ............................Q Equity Lifestyle........................Q Hardinge Inc ............................Q

– 4 + 6+133 22.70n –.11 + 2 + 2 +14 10.43n .. – 4 + 4 +58 30.84n –.21 –10 + 5 +69 12.21n –.04 – 9 – 5 +57 124.76n –.86 + 1 + 4 +19 5.83n –.01 0 0 +13 10.43n +.03 + 4 + 2 +24 12.81n +.02 0 0 12.24n +.04 + 2 0 +12 9.73n +.01 – 5 + 4+183 17.53n –.07 – 3 + 9+139 24.11n –.17 – 3 + 8+166 40.92n –.28 + 1 0 +10 13.24n +.03 + 3 + 1 +15 11.54n +.02 – 1 + 2 +40 16.81n –.04 – 4 + 4 +72 24.16n –.12 0 + 2 +26 14.14n –.01 – 2 + 3 +56 20.72n –.08 + 1 0 +11 11.01n +.04 + 2 + 1 +19 11.54n +.02 + 2 0 10.84n +.01 – 1 + 2 +12 8.83n +.02 + 1 0 +12 10.07n +.03 +19 + 12+404 38.12n –.17 – 4 + 5 +88 17.70n –.03 – 4 + 6 +71 18.68n –.06 0 0 11.58n +.04 + 1 + 1 10.98n +.03 + 1 0 +11 11.80n +.03 0 0 10.98n +.03 – 1 + 5 +96 71.56n –.46 – 2 + 4 .. 12.92n –.09

6-30 7-15 7-15 5-22 5-16 5-29 6-10 5-30 7-15 5-19 5-19 5-20 5-15 6-27 5-30

7-30 8-1 8-1 5-30 6-1 6-19 6-25 6-13 8-1 5-27 6-16 5-23 6-1 7-11 6-10

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B REIT Idx r + 7 + 11+112 21.70n –.17 D Select Val r – 7 – 1 +84 17.71n .. E ST Corp + 1 0 +11 10.61n .. D–ST Federal + 2 + 1 +12 10.66n .. E ST Tax Exempt + 2 0 15.75n .. D–ST Treas + 2 0 +12 10.75n .. C–Star – 2 + 3 +55 20.39n –.05 D Strategic Eq – 3 + 4 +79 19.81n +.01 StratSmInv – 3 + 3 .. 18.79n +.02 D TargRet2005 0 + 3 .. 11.99n –.02 TargRet2010 – 1 + 3 .. 22.81n –.05 D+TargRet2015 – 2 + 3 .. 12.83n –.04 TargRet2020 – 2 + 4 .. 22.95n –.08 C–TargRet2025 – 3 + 4 .. 13.34n –.06 TargRet2030 – 3 + 4 .. 23.09n –.11 C+TargRet2035 – 3 + 4 .. 14.11n –.07 TargRet2040 – 3 + 4 .. 22.95n –.11 B–TargRet2045 – 3 + 4 .. 14.57n –.07 D TargRetInc + 1 + 2 .. 11.12n –.01 C TxMd Sm Cp r – 4 + 3 +96 24.66n .. D TxMgd Bal r – 1 + 2 +37 20.11n –.03 C–TxMgd G&I r – 5 + 3 +60 30.29n –.20 A TxMgd Intl r – 3 + 8+145 14.92n –.11 C TxMgdCap r – 4 + 4 +69 33.65n –.19 C–US Growth – 6 + 6 +46 18.69n –.09 D–US Value – 3 + 4 +56 12.35n –.06 D–Wellesley Inc – 1 + 2 +28 21.46n –.03 B–Wellington – 1 + 3 +59 32.03n –.14 D–Windsor – 7 0 +53 14.57n –.08 D Windsor II – 6 + 1 +68 29.47n –.15 Vantagepoint $ 16.6 bil 800–669–7400 C–500 Stk Indx II – 5 + 3 +59 10.47n –.07 B–Aggr Opportun – 6 + 4 +92 10.57n –.02 C–Asset Alloc – 5 + 3 +54 8.10n –.05 C Brd Mkt Indx II – 4 + 3 +69 11.06n –.06 D–Core Bd Indx II + 2 + 1 +12 9.98n +.01 E CrBdIdxI + 2 + 1 +11 9.93n +.01

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

.4265 .06 .07 .375 .145 .04 .15 .335 .3874 .16 .22 .50 .33 .20 .05

Acc/Dis A+ Sup/Demand 69

Acc/Dis B Sup/Demand 84

Acc/Dis B Sup/Demand 93

Gaps up off support at 40-week avg; 9% over 19.28 buy pt. 32% above 30.20 buy point on jagged cup-with-handle base. 13% past 76.88 buy pt; finds fresh support at 10-week line. Extended 49% past 15.09 buy pt from a cup-shaped base. 36 Mos Preformance Rating Fund

MUTUAL FUND PERFORMANCE 36 Mos Preformance Rating Fund

Acc/Dis ASup/Demand 72

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Harleysville Nat ......................Q Kelly Services A......................Q Kelly Services B......................Q KLA-Tencor Corp ......................Q Leggett & Platt ......................Q LinclnNat IN ............................Q Lufkin Indus ............................Q Medallion Finl .........................Q Nat'l Research ........................Q Newell Rubbermd....................Q Primedia Inc ............................Q Regency Centers ....................Q Reliv Int'l Inc .........................S Scripps (EW) A .......................Q TICC Cap Corp ........................Q

.20 .135 .135 .15 .25 .415 .25 .19 .14 .21 .07 .725 .05 .14 .36

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

DivfdAsset 0 + 1 .. 9.99n –.03 D+Equity Inc – 4 + 3 +74 9.40n –.05 C+Growth – 6 + 3 +50 9.82n –.07 C–Growth & Inc – 5 + 3 +56 10.02n –.06 D–InfProSecs + 4 + 2 +13 10.75n +.04 A International – 3 + 8+121 11.84n –.11 E LowDuraBond + 2 0 +11 9.86n .. C–MdlPtf TradGr – 2 + 3 +48 23.63n –.07 B–MP AllEqGr – 4 + 4 +75 23.57n –.13 D MP CnsrvGr – 1 + 2 +35 24.49n –.06 C+MP LngTmGr – 3 + 4 +62 23.61n –.09 D–MP SavOrntd 0 + 1 +26 24.80n –.03 SelectVal – 1 + 6 .. 9.24n –.02 – 8 – 2+137 20.81n +.06 B+† Vice Fund Victory Funds $ 6.3 bil 800–539–3863 B Divers Stk C – 4 + 5 +75 16.74n –.08 B Divers Stk R – 3 + 5 +78 16.97n –.08 B–DiversStk A – 3 + 5 +75 17.13 –.08 C+DiversStk I – 4 + 5 .. 12.02n –.06 B+Estblsh Val R + 3 + 8 +91 25.47n –.05 E FundForInc A + 3 + 1 11.64 .. A Spec Val A – 1 + 7+111 18.12 –.09 Waddell&Rd Adv $ 21.6 bil 800–366–5465 B Accum A – 3 + 7 +72 8.39 –.05 A+Asset Str A – 1 0+152 12.63 –.07 A+Asset Strt B – 1 0+145 12.47n –.07 E Bond A 0 –1 6.07 .. C+Contl Inc A – 2 + 3 +54 8.28 –.04 B+Core Inv A – 3 + 7 +69 6.03 –.04 Energy A + 8 + 19 .. 16.68 –.02 D+Glbl Bond A + 4 + 3 +28 3.97 +.01 E GovSecs A + 2 + 1 +10 5.57 .. D–High Inc A + 1 + 4 +21 6.96 –.01 A Intl Gr A – 6 + 6+122 10.69 –.06 E Muni Bd A + 1 0 +10 6.90 +.01 E Muni Hi Inc A – 1 – 1 +16 4.77 +.01

5-30 5-23 5-23 5-19 6-13 7-10 6-2 5-16 6-6 5-30 5-19 5-21 5-16 5-31 6-16

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

6-16 6-10 6-10 6-2 7-15 8-1 6-10 6-2 6-30 6-13 6-11 6-4 5-26 6-10 6-30

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

B New Cpt A – 6 + 4 +92 11.04 –.05 B+Retire A – 2 + 8 +72 9.40 –.08 A Sci & Tech A – 3 + 5+113 10.86 .. D Sel Val A – 4 + 1 +56 12.05 –.08 A–SelDivInc A – 4 + 5 .. 16.88 –.08 C–Sm Cap A – 8 + 6 +56 11.84 +.03 C Small Cap Y – 8 + 6 +61 12.35n +.04 B+Vanguard A – 7 + 4 +72 9.61 –.05 Wasatch $ 3.7 bil 800–551–1700 E Core Growth –10 – 3 +63 30.97n –.06 A–Intl Growth – 9 + 5+151 18.26n –.06 D Micro Cap –11 + 3 +67 5.01n +.02 D–SmallCapGr –12 0 +58 31.25n –.04 D SmallValue – 4 + 3 +75 3.43n +.02 D Ultra Growth –14 – 2 +51 20.84n +.03 Weitz Funds $ 3.8 bil 800–232–4161 E Hickory – 8 – 3 +62 31.71n –.21 Opportunity – 6 – 3 .. 8.82n –.06 E Partner Val –10 – 4 +28 17.90n –.13 E Value –10 – 4 +28 28.49n –.24 Wells Fargo Advtg $ 15.7 bil 800–222–8222 A+AsiaPac Inv – 7 – 1+220 12.47n .. B+CommonStk Z – 1 + 2 +80 18.03n –.05 E CorpBondInv + 4 + 3 +14 10.40n +.02 A–DiscoverInc – 6 + 7 +91 21.47n +.08 E GovtSecsInv + 2 +1 10.59 .. D Gr&Inc Inv – 2 + 4 +46 23.82n –.18 A–Growth Inv – 8 + 4 +90 26.52n –.06 D–Hi Inc Inv 0 + 3 +24 7.34n –.01 E IntmdTx Adv + 1 0 +13 10.64n +.02 B LgCoGrowInv – 3 + 10 +75 18.90n –.10 B–LgCpGr Inv – 6 + 5 +60 28.38n –.13 C MidDisc Inv + 2 + 5 +83 19.92 –.07 E MuniBondInv 0 0 +19 9.32n +.02 C+Opport Inv 0 + 6 +76 36.57n –.12 E ShtTrmBdInv + 1 0 8.42n +.01

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Trane Inc ..................................Q .16 Tredegar Corp .........................Q .04 Triarc Cos A.............................Q .08 Triarc Cos B.............................Q .09 TVA Parrs pfD .........................Q .3431 Tyco Int'l Ltd ...........................Q .15 United Parcel B.......................Q .45 W Hldg ....................................M .0042 Windstream Corp ...................Q .25 Yamana Gold Inc ...................Q .03 Young Innovatns ....................Q .04

5-19 6-13 6-2 6-2 5-30 7-1 5-19 5-31 6-30 6-30 5-22

IRREGULAR: Alcon Inc z ................................ 2.5083 Copa Holdings ............................ .37 Encore Energy LP ..................... .5755

5-12 5-30 5-9

5-27 7-1 6-16 6-16 6-2 8-1 6-3 6-16 7-15 7-14 6-16

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

A–SmlCapVal Z + 1 + 6+128 29.64n –.02 E SmlCoValInv – 7 + 4 .. 14.41n +.06 E STMuniBdInv + 1 0 +10 9.74n +.01 E UltInc Inv – 1 –1 8.72 .. E UltShMuniInv + 1 + 1 4.76n .. C Wlthbldr Eq – 6 + 4 +66 12.43 +.04 C WlthGrowAl – 5 + 4 .. 12.37 +.02 C–WlthGrowBal – 4 + 3 +52 12.20 +.02 D WlthModBal – 1 + 3 .. 11.33 +.01 B WlthTactEq – 6 + 4 +95 15.75 +.05 Wells Fargo Advtg A $ 5.0 bil 800–222–8222 D Asset Alloc – 5 + 3 +44 20.39 –.05 E CA Tax Free 0 0 +10 10.77 +.02 B Endv Select – 1 + 11 +97 11.64 –.08 D+EquityIndex – 5 + 3 +49 43.56 –.29 D–Lg Co Grow – 9 + 3 +30 51.34 –.26 A+MontgEmFoc – 5 + 3+241 47.31 –.31 A–Sml Cap Val + 1 + 6+127 29.22 –.02 E Spec Fincl –12 – 3 +12 2.69 –.02 Wells Fargo Advtg Ad $ 13.7 bil 800–222–8222 C–Aggr Alloc – 6 + 3 +53 13.79n –.08 D C&B Lrg Val – 5 + 1 .. 8.70 –.07 B CapitalGrow – 2 + 10 .. 19.38 –.11 D–ConsrvAlloc – 2 0 +20 18.85n –.05 C–Divers Eq – 6 + 3 +53 33.09n –.18 D Divers Sml – 8 + 1 +69 11.26n +.02 C–DJ Tgt 2020 – 1 + 3 +49 14.34n –.02 B+Endv Select – 1 + 11 .. 11.73 –.08 C Equity – 8 + 4 +58 21.85n –.07 D+Growth Bal – 5 + 2 +43 26.99n –.13 C–Index – 5 + 3 +58 53.01n –.35 A–Intl Equity – 5 + 7+108 15.92n –.12 B+Intl Value – 4 + 9 .. 17.31n –.16 E IntmGovtInc + 2 + 1 10.81n +.01 D–Lg Co Grow – 9 + 3 +32 49.12n –.25 D ModerateBal – 3 + 1 +29 19.84n –.08 E Sh Dur Gov + 2 + 1 10.07n ..

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

Ormat Techs Inc ....................... .05 Telecom NZland z ..................... .3231 z - Approx. amount per ADR or ADS.

2008 12 Wk 5 Yr Net 36 Mos % % After Asset NAV Preformance Chg Chg Tax Rtn Value Chg Rating Fund

D–Sm Co Grow –14 0 +51 20.85n +.03 A–SmCapOppor – 2 + 6+113 32.16n –.01 E Sml Co Val – 6 + 1 +63 11.39n +.01 E Stable Inc – 2 –2 9.91n –.03 E TotRetBd Ad + 2 + 2 +13 12.31n .. Wells Fargo Advtg D $ 504 mil 800–222–8222 D–C&B Lrg Val – 5 + 1 +58 8.69n –.06 D–C&B Mid Val – 7 + 3 +51 15.01n –.03 Wells Fargo Advtg I $ 4.8 bil 800–222–8222 B+CapitalGrow – 2 + 10 .. 19.49 –.10 D DJ Tgt 2010 + 1 + 3 .. 13.00 +.01 C DJ Tgt 2020 – 1 + 4 .. 14.37n –.02 C+DJ Tgt 2030 – 2 + 4 .. 15.08n –.04 B+Endv Select – 1 + 11 .. 11.79n –.08 E Govt Secs + 2 + 1 +11 10.58 .. A–Growth – 8 + 5 +96 27.97n –.07 D–TotRetBd In + 2 + 2 +14 12.31n +.01 WesMark Funds $ 630 mil 800–864–1013 E Govt Bond + 3 + 2 +12 9.98 .. C+Growth – 2 + 7 +53 13.60 –.07 Westcore $ 2.1 bil 800–392–2673 E Flex Income – 2 0 +26 9.09n .. B–Growth – 8 + 7 +74 14.27n –.08 D–Plus Bond + 1 + 1 +20 10.52n .. Western Asset $ 23.7 bil 626–844–9400 E Core Bond I + 1 + 1 10.78n –.01 E CoreBdFiInt + 1 + 1 10.78n –.01 E CorePlBdInt 0 0 +11 10.03n .. E CorePlusBdI 0 + 1 +11 10.03n .. D HiYld I + 1 + 5 +25 9.74n –.01 D–InflPlsBd I + 4 + 2 +16 10.95n +.04 E IntermdBd I + 2 + 1 +10 10.36n .. E NonUSOppBdI 0 – 1 +13 9.91n +.02 Westport Funds

5-20 5-22

Blackrock Fltg Rt Incm ........................ 0.125 Blackrock Glb Eqt Inc Tr ....................... 0.475 Blackrock Glb Flt Rt Inc ....................... 0.125 Blackrock Glb Opps Eq Tr ..................... 0.569 Blackrock High Income Sh ................... 0.018 Blackrock High Yield Tr ....................... 0.051 Blackrock Incm Oppty Tr ..................... 0.051 Blackrock Income Trust ...................... 0.024 Blackrock Insd Mu Inc Tr ..................... 0.061 Blackrock Insd Muni 2008 ................... 0.048 Blackrock Insd Muni Term .................. 0.030 Blackrock Intl Gr&Inc Tr ...................... 0.152 Blackrock Invt Qty Mu Tr ...................... 0.080 Blackrock Lt Muni Adv Tr .................... 0.055 Blackrock Ltd Dur Inc Tr ...................... 0.125 Blackrock Md Muni Bond .................... 0.071 Blackrock Mun Incm Tr Ii .................... 0.071 Blackrock Muni 2018 Term ................... 0.076 Blackrock Muni 2020 Term ................... 0.062 Blackrock Muni Bond Tr ...................... 0.077 Blackrock Muni Incm Trst ................... 0.078 Blackrock Muni Intrmd ........................ 0.061 Blackrock Muni Ny Intrmd .................. 0.053 Blackrock Muniassets Fnd .................. 0.068 Blackrock Munienhanced ................... 0.043 Blackrock Munihd Ca Insd .................. 0.056 Blackrock Munihd Fl Insd ................... 0.056 Blackrock Munihd Insd Ii .................... 0.050 Blackrock Munihd Nj Insd .................... 0.053 Blackrock Munihd Ny Insd ................... 0.055 Blackrock Munihld Fnd Ii .................... 0.063 Blackrock Munihld Insurd ................... 0.049 Blackrock Muniholdings ..................... 0.071 Blackrock Munivest Fd Ii ..................... 0.071 Blackrock Munivest Fund ................... 0.043 Blackrock Muniyd Ca Insd .................. 0.056 Blackrock Muniyd Fl Insd .................... 0.054 Blackrock Muniyd Mi Insd ................... 0.059

Blackrock Muniyd Pa Insd .................. 0.056 Blackrock Muniyd Qlty Ii ...................... 0.050 Blackrock Muniyield Az ....................... 0.057 Blackrock Muniyield Ca ...................... 0.055 Blackrock Muniyield Fl ....................... 0.058 Blackrock Muniyield Fund ................... 0.068 Blackrock Muniyield Nj ........................ 0.058 Blackrock Muniyld Insurd .................... 0.056 Blackrock Muniyld Qlty ........................ 0.057 Blackrock Munyd Mi Ins 2 .................... 0.056 Blackrock Nj Invt Qual ......................... 0.068 Blackrock Nj Mun Incm Tr .................... 0.080 Blackrock Nj Muni Bond ...................... 0.079 Blackrock Ny Insd 2008 ....................... 0.045 Blackrock Ny Insd Mu Inc ................... 0.058 Blackrock Ny Invt Qual ........................ 0.067 Blackrock Ny Mun Incm Ii .................... 0.063 Blackrock Ny Mun Incm Tr ................... 0.075 Blackrock Ny Muni 2018 ....................... 0.069 Blackrock Ny Muni Bd Tr ...................... 0.077 Blackrock Pa Strat Muni ..................... 0.060 Blackrock Pfd & Equity ....................... 0.156 Blackrock Pfd Incm Strat ..................... 0.115 Blackrock Pfd Oppty Tr ........................ 0.125 Blackrock Pfd&Corp Incm .................... 0.103 Blackrock Real Asset Eqt .................... 0.091 Blackrock S&P Qlty Rnkgs ................... 0.225 Blackrock Sr High Income ................... 0.047 Blackrock Strat Bond Tr ...................... 0.077 Blackrock Strat Muni Tr ...................... 0.075 Blackrock Va Muni Bond ...................... 0.072 Blackrock World Invt Tr ...................... 0.114 Brooklyn Federal Bancorp .................. 0.070 C F Industries Holdings ....................... 0.100 C I T Group Inc ....................................... 0.100 Capital Southwest Corp ...................... 0.400 Carrollton Bancorp .............................. 0.120 Cimarex Energy Co ............................... 0.060

Cohen & Steers Ce Oppnty ................... 0.118 Cohen & Steers Div Majrs ................... 0.105 Cohen & Steers Glb Inc ......................... 0.170 Cohen & Steers Prem Inc .................... 0.160 Cohen & Steers Qlty Rlty ...................... 0.150 Cohen & Steers Reit Pfd ....................... 0.200 Cohen & Steers Reit Util ....................... 0.138 Cohen & Steers Slct Util ...................... 0.185 Cohen & Steers Total Ret .................... 0.113 Cohen & Steers Ww Realty .................. 0.120 Columbia Sportswear Co .................... 0.160 Cornerstone Prog Rtrn Fd ................... 0.205 Cornerstone Str Value Fd ..................... 0.087 Cornerstone Ttl Rtrn Fd ........................ 0.162 Corus Entertainment Cl B ................... 0.049 Credit Suisse Hi Yld Bd ........................ 0.033 D P L Inc ............................................... 0.275 D T F Tax Free Income ........................... 0.050 Dreman Clymr Divd & Incm ................. 0.325 Duff & Phelps U C Bnd Tr ..................... 0.065 Dupont De Nemours & Co .................... 0.410 Eaton V Tx-Ad Glb Div Op ..................... 0.180 Eaton V Tx-Mgd Div Eq ........................ 0.463 Eaton Vance En Eq Inc Ii ....................... 0.144 Eaton Vance Enhan Eq Inc .................. 0.137 Eaton Vance Float Rt Inc ...................... 0.095 Eaton Vance Ins Ca Mu Ii ...................... 0.058 Eaton Vance Ins Ny Mu Ii .................... 0.058 Eaton Vance Insd Ca Mun ................... 0.060 Eaton Vance Insd Fl Plus ...................... 0.053 Eaton Vance Insd Ma Mun .................. 0.056 Eaton Vance Insd Mi Mun ................... 0.056 Eaton Vance Insd Mun Bd ................... 0.064 Eaton Vance Insd Mun Ii ..................... 0.062 Eaton Vance Insd Nj Mun ..................... 0.058 Eaton Vance Insd Ny Mun .................... 0.059 Eaton Vance Insd Oh Mun .................... 0.052 Eaton Vance Insd Pa Mun ................... 0.058

Eaton Vance Tax-Adv Div ..................... 0.152 Eaton Vnc Tx-Adv Glb Div .................... 0.144 Electronic Data Systems ...................... 0.050 Ellsworth Fund Ltd .............................. 0.090 Enbridge Inc ......................................... 0.327 Energen Corp ....................................... 0.120 Exelon Corp .......................................... 0.500 Ferro Corp ............................................. 0.145 Fidelity Bancorp Pitt ........................... 0.140 Fiduciary .............................................. 0.425 Gabelli Divdnd & Incm Tr .................... 0.100 Gabelli Glbl Gld Nat Res ...................... 0.140 Gabelli Glbl Util & Inc .......................... 0.100 Gabelli Utility Trust ............................. 0.060 Gorman-Rupp Co .................................. 0.100 Greene County Bancorp ....................... 0.160 Hampton Roads Bankshares ............... 0.110 Harrington West Finl Grp ..................... 0.070 Healthcare Realty Trust ....................... 0.385 Helmerich & Payne Inc ....................... 0.045 Hickory Tech Corp ............................... 0.120 High Yield Income Fd .......................... 0.038 Holdrs Tr-Pharmaceutical .................. 0.042 Holdrs Tr-Software ............................... 0.018 Ingersoll-Rand Co Cl A ......................... 0.180 Jabil Circuit Inc .................................... 0.070 Jefferies Group Inc .............................. 0.125 Jones Lang Lasalle Inc ......................... 0.500 K Fed Bancorp ...................................... 0.110 K K R Financial Hldg Llc ....................... 0.400 Kroger Co .............................................. 0.090 Landmark Bancorp Inc ......................... 0.190 Lehman Bros Holdings Inc ................... 0.170 Lilly Eli & Co ......................................... 0.470 Madison ................................................ 0.330 Massachusetts Hlth & Edu .................. 0.049 Maximus Inc ........................................ 0.100 Microsoft Corp ..................................... 0.110

—Y—Z— Yacktman Funds $ 347 mil 800–525–8258 D–Yacktman – 4 + 2 +47 12.83 +.01 Yieldquest Funds $ 270 mil 800–972–3868 TR Bd Inst + 3 + 1 .. 9.66n +.01

2008 12 Wk 5 Yr Net NAV 36 Mos Fund % % After Asset Chg Preformance Chg Chg Tax% Value Rating

2008 12 Wk 5 Yr Net NAV % % After Asset Chg Chg Chg Tax% Value

5-27 Pool Corp .................................Q .13 6-13 Portlnd Genl El ......................Q .245

5-19 6-25

6-2 7-15

REDUCED: Crescent Banking ....................Q .04 5-20 6-3 CORRECTION: Nationwide Finl A ..................X .29 7-1 7-14 MCG Capital Corp ...................Q .27 6-30 7-30 X - Quarterly amount should be regular, not increased. SPECIAL: Trimeris Inc ................................ .50 5-22 6-6 INCREASED: New Amer Int'l Group .....................Q .22 9-5 9-19 Barnes Group ..........................Q .16 5-30 6-10 SUSPENDED: Delphi Fin'l A .........................Q .10 5-21 6-4 Warner Music Grp..................... Energy West Inc .....................Q .04 6-16 6-30 5-29 6-17 G - payable in Canadian funds; Q - Quarterly; 5-22 FactSet Research ...................Q .18 5-16 6-16 A - Annually; S - Semiannually; M - Monthly; 6-16 Hercules Technol .....................Q .34 6-4 6-10 U - Pay undetermined; I - Initial; Y - Year-end. 5-15 Macquarie Infrst ......................Q .645

Blackrock Fl Muni Bd Tr ....................... 0.078 Blackrock Muniyd Nj Insd .................... 0.054 Claymore ............................................. 0.154 Eaton Vance Sh Dur Divrs .................... 0.118 Middlesex Water Co ............................. 0.175 Nuveen Insd Fl Prem Inc ..................... 0.058 Nuveen Ny Qlty Inc Muni ..................... 0.051 Stocks Ex-Dividend for May 13, 2008 Company Amount Blackrock Fltg Rt Inc Ii ........................ 0.123 Blackrock Muniyd Ny Insd ................... 0.054 Cohen & Steers Adv Incm ................... 0.160 Eaton Vance Sr Fltg Rate .................... 0.094 Monmouth Real Estate Inv .................. 0.150 Nuveen Insd Fl Tx-Fr Adv .................... 0.052 Nuveen Ny Sel Qlty Muni ..................... 0.053 Adams Express Co ................................ 0.050 Advent ................................................. 0.400 Advent ................................................. 0.146 Advent Clymr Cv Sec & In .................... 0.172 Allete Inc .............................................. 0.430 Applied Industrial Tech ........................ 0.150 Applied Materials Inc ........................... 0.060 Arbor Realty Trust Inc .......................... 0.620 Arch Chemicals Inc ............................. 0.200 Archer Daniels Midland ....................... 0.130 Astoria Financial Corp ......................... 0.260 Avon Products ..................................... 0.200 B O K Financial Corp ............................ 0.225 Blackrock Apex Muni Fund ................. 0.047 Blackrock Broad Inv 2009 .................... 0.049 Blackrock Ca Insd 2008 ........................ 0.053 Blackrock Ca Insd Mu Inc ................... 0.058 Blackrock Ca Inv Qlty Tr ....................... 0.048 Blackrock Ca Mun Incm Ii .................... 0.066 Blackrock Ca Mun Incm Tr ................... 0.076 Blackrock Ca Muni 2018 ....................... 0.061 Blackrock Ca Muni Bd Tr ...................... 0.077 Blackrock Core Bond Tr ....................... 0.062 Blackrock Corp Hi Yd Iii ....................... 0.060 Blackrock Corp Hi Yld V ....................... 0.100 Blackrock Corp Hi Yld Vi ...................... 0.100 Blackrock Corp High Yld ..................... 0.061 Blackrock Debt Strat Fd ....................... 0.053 Blackrock Defined Oppty ..................... 0.113 Blackrock Dvrsf Inc Stra ...................... 0.150 Blackrock Enh Div Ach Tr ..................... 0.102 Blackrock Enhncd Govt Fd ................... 0.105 Blackrock Fl Insd 2008 ........................ 0.020 Blackrock Fl Insd Mu Inc ..................... 0.058 Blackrock Fl Invt Qlty ........................... 0.045 Blackrock Fl Mu 2020 Trm .................... 0.051 Blackrock Fl Mun Incm Tr .................... 0.073

2008 12 Wk 5 Yr Net % % After Asset NAV Chg Chg Tax Rtn Value Chg

$ 940 mil 888–593–7878 C+Sel Cap I 0 + 8 +79 23.79n –.04 C+Sel Cap R 0 + 8 +77 23.29n –.04 William Blair I $ 7.6 bil 800–635–2886 EmgMktGrIns – 9 0 .. 20.05n –.08 B+Growth – 3 + 6 +72 11.67n –.04 InstIntlEq – 4 + 6 .. 14.38n –.09 A+InstIntlGr – 4 + 7+163 18.36n –.12 InstIntlSmG – 2 + 7 .. 13.73n –.07 A+Intl Growth – 5 + 6+168 28.23n –.17 IntlEquity – 4 + 6 .. 15.98n –.10 D–Sm Cp Gr –11 0 +87 21.23n –.05 William Blair N $ 5.0 bil 800–635–2886 A+Intl Growth – 5 + 6+165 27.73n –.18 Wilmington $ 2.5 bil 800–336–9970 A MltMgrIntlI – 4 + 7+135 9.31n –.06 A–MltMgRlEstI +11 + 8 .. 17.59n +.08 D+MltMgrLgCpI – 5 + 4 .. 13.09n –.07 Wilshire Funds $ 681 mil 888–200–6796 C+LgCoGr Inv – 7 + 5 +52 32.95n –.16 WM Group A $ 543 mil 800–222–5852 B–W Coast Eq – 5 + 4 +87 41.26 –.08 A–† WnslwGnGr –21 – 5+121 18.45 –.08 World Funds $ 1.1 bil 800–527–9525 EpochGlbEqI – 6 + 1 .. 16.51n –.03 A+EpocIntlSmI – 5 + 5 .. 22.57n –.17

Multi Color Corp ................................... 0.050 Neuberger Berman Inc Opp .................. 0.106 Neuberger Brm Rl Est Sec .................... 0.153 Northern Sts Finl Corp ......................... 0.400 Nuveen Az Div Adv Mun Fd .................. 0.053 Nuveen Az Div Adv Muni 2 ................... 0.059 Nuveen Az Div Adv Muni 3 ................... 0.055 Nuveen Az Prem Inc Muni ................... 0.051 Nuveen Ca Div Adv Mun Fd .................. 0.062 Nuveen Ca Div Adv Muni 2 ................... 0.058 Nuveen Ca Div Adv Muni 3 ................... 0.059 Nuveen Ca Inv Qlty Muni ..................... 0.059 Nuveen Ca Muni Mkt Opty ................... 0.058 Nuveen Ca Muni Value Fd ................... 0.037 Nuveen Ca Prem Inc Muni ................... 0.054 Nuveen Ca Prfm Plus Muni .................. 0.057 Nuveen Ca Qlty Inc Muni ..................... 0.060 Nuveen Ca Sel Qlty Muni ..................... 0.058 Nuveen Ca Sel Tx-Fr Incm ................... 0.056 Nuveen Ct Div Adv Mun Fd .................. 0.056 Nuveen Ct Div Adv Muni 2 ................... 0.055 Nuveen Ct Div Adv Muni 3 ................... 0.049 Nuveen Ct Prem Inc Muni .................... 0.049 Nuveen Div Adv Muni Fd ...................... 0.064 Nuveen Div Adv Muni Fd 2 ................... 0.073 Nuveen Div Adv Muni Fd 3 ................... 0.064 Nuveen Fl Inv Qlty Muni ...................... 0.054 Nuveen Fl Qlty Inc Muni ....................... 0.053 Nuveen Fltg Rate Incm Fd ................... 0.080 Nuveen Fltg Rate Incm Op ................... 0.086 Nuveen Ga Div Adv Mun Fd ................. 0.054 Nuveen Ga Div Adv Muni 2 ................... 0.052 Nuveen Ga Prem Inc Muni ................... 0.050 Nuveen Insd Ca Div Adv ....................... 0.060 Nuveen Insd Ca Prem Inc .................... 0.061 Nuveen Insd Ca Prem Inc2 .................. 0.053 Nuveen Insd Ca Tx-Fr Adv ................... 0.059 Nuveen Insd Div Adv Muni .................. 0.058

Nuveen Insd Ma Tx-Fr Adv .................. 0.055 Nuveen Insd Muni Opty Fd .................. 0.058 Nuveen Insd Nj Prem Inc ...................... 0.055 Nuveen Insd Ny Div Adv ...................... 0.055 Nuveen Insd Ny Prem Inc ..................... 0.051 Nuveen Insd Ny Tx-Fr Adv .................... 0.055 Nuveen Insd Prem Inc 2 ....................... 0.052 Nuveen Insd Qlty Muni Fd ................... 0.061 Nuveen Insd Tx-Fr Adv ........................ 0.059 Nuveen Inv Qlty Muni Fd ..................... 0.065 Nuveen Ma Div Adv Mun Fd ................ 0.057 Nuveen Ma Prem Inc Muni ................... 0.052 Nuveen Md Div Adv Mun Fd ................ 0.059 Nuveen Md Div Adv Muni 2 ................. 0.059 Nuveen Md Div Adv Muni 3 ................. 0.053 Nuveen Md Prem Inc Muni ................... 0.050 Nuveen Mi Div Adv Mun Fd ................. 0.059 Nuveen Mi Prem Inc Muni .................... 0.055 Nuveen Mi Qlty Inc Muni ..................... 0.056 Nuveen Mo Prem Inc Muni ................... 0.055 Nuveen Mun Hi Incm Opy 2 ................. 0.079 Nuveen Muni Advantage Fd ................ 0.064 Nuveen Muni Hi Incm Opty ................. 0.082 Nuveen Muni Income Fund .................. 0.042 Nuveen Muni Mkt Opty Fd ................... 0.061 Nuveen Muni Value Fund ..................... 0.039 Nuveen Nc Div Adv Mun Fd ................. 0.057 Nuveen Nc Div Adv Muni 2 .................. 0.052 Nuveen Nc Div Adv Muni 3 .................. 0.055 Nuveen Nc Prem Inc Muni ................... 0.049 Nuveen Nj Div Adv Mun Fd ................... 0.055 Nuveen Nj Div Adv Muni 2 ................... 0.058 Nuveen Nj Inv Qlty Muni ...................... 0.055 Nuveen Ny Div Adv Muni ...................... 0.058 Nuveen Ny Div Adv Muni 2 .................. 0.057 Nuveen Ny Inv Qlty Muni ..................... 0.052 Nuveen Ny Muni Value Fd ................... 0.036 Nuveen Ny Prfm Plus Muni ................. 0.061

Nuveen Ny Sel Tx-Fr Incm .................... 0.051 Nuveen Oh Div Adv Muni ...................... 0.054 Nuveen Oh Div Adv Muni 2 ................... 0.053 Nuveen Oh Div Adv Muni 3 ................... 0.056 Nuveen Oh Qlty Inc Muni ..................... 0.055 Nuveen Pa Div Adv Mun Fd ................. 0.057 Nuveen Pa Div Adv Muni 2 .................. 0.058 Nuveen Pa Inv Qlty Muni ...................... 0.055 Nuveen Pa Prem Inc Mun 2 .................. 0.050 Nuveen Performance Plus ................... 0.058 Nuveen Prem Inc Mun Fd 2 ................. 0.058 Nuveen Prem Inc Mun Fd 4 ................. 0.049 Nuveen Prem Inc Muni Fd .................... 0.059 Nuveen Prem Insd Mun Inc .................. 0.053 Nuveen Prem Muni Inc Fd .................... 0.056 Nuveen Qlty Inc Muni Fd ..................... 0.061 Nuveen Qlty Pf Inc 2 ............................ 0.082 Nuveen Qlty Pf Inc 3 ............................ 0.080 Nuveen Qlty Pfd Inc Fd ......................... 0.078 Nuveen Sel Mat Muni Fd ..................... 0.037 Nuveen Sel Qlty Muni Fd ...................... 0.067 Nuveen Sel Tax-Free Inc ..................... 0.057 Nuveen Sel Tax-Free Inc2 ................... 0.056 Nuveen Sel Txfr Inc Iii .......................... 0.054 Nuveen Senior Income Fd .................... 0.046 Nuveen Tx Qlty Inc Muni ..................... 0.057 Nuveen Tx-Adv Flt Rate ...................... 0.083 Nuveen Va Div Adv Mun Fd ................. 0.057 Nuveen Va Div Adv Muni 2 .................. 0.060 Nuveen Va Prem Inc Muni ................... 0.053 Oshkosh Corp ...................................... 0.100 Otter Tail Corp ...................................... 0.298 Oxford Industries Inc ........................... 0.180 Parker-Hannifin Corp ........................... 0.210 Pc-Tel Inc .............................................. 0.500 Pennichuck Corp .................................. 0.165 Petroleum & Resources ...................... 0.130 Pioneer Divers Hi Inc Tr ....................... 0.198

Pioneer Floating Rate Tr ..................... 0.115 Pioneer High Income Tr ........................ 0.138 Pioneer Muni & Eqty Incm ................... 0.112 Pioneer Muni Hi Incm Adv ................... 0.075 Pioneer Muni Hi Incm Tr ....................... 0.070 Prologis ............................................... 0.518 Provident Financial Svcs .................... 0.110 Sabine Royalty Tr Ubi ........................... 0.497 Selective Ins Group Inc ....................... 0.130 Shaw Communications Cl B ................ 0.059 Southern Cmmty Finl .......................... 0.040 Southern Missouri Bancrp ................... 0.100 Southwest Gas Corp ............................. 0.225 Span Amer Med Sys Inc ....................... 0.090 Standard Motor Prod Cl A .................... 0.090 Sun Hydraulics Inc .............................. 0.090 Surewest Communications ................. 0.250 Teco Energy Inc .................................... 0.200 Teleflex Incorporated ........................... 0.340 Textainer Group Holdings .................... 0.220 Van Kampen Adv Mun Tr Ii ................... 0.060 Van Kampen Ca Val Mun Tr ................. 0.070 Van Kampen Dyn Credit Op .................. 0.126 Van Kampen High Inc Ii ........................ 0.025 Van Kampen Ma Val Mun Tr ................. 0.065 Van Kampen Muni Opty Tr .................. 0.068 Van Kampen Muni Trust ...................... 0.067 Van Kampen Oh Qlty Muni ................... 0.065 Van Kampen Pa Val Muni .................... 0.062 Van Kampen Sel Sec Muni ................... 0.057 Van Kampen Sr Income Tr ................... 0.038 Van Kampen Tr Insd Muni .................... 0.063 Van Kampen Tr Inv Grd Mu .................. 0.069 Van Kampen Tr Inv Grd Nj ................... 0.069 Van Kampen Tr Inv Grd Ny .................. 0.065 Vectren Corporation ............................. 0.325 Western Asset Cl Inf Opp .................... 0.063 Western Asset Cl Inf Sec ...................... 0.058 Western Asset Income Fd .................... 0.078 Western Asset Prem Bd Fd ................. 0.094 Williams Coal Seam Gas ...................... 0.187


B4

MONDAY, MAY 12, 2008

INVESTORS.COM

41

FLOWSERVE (FLS) Grp 13 o$121.26 57.0M Shares 98 Comp. Rating 96 EPS RS 97 ROE 21%

42

OCCIDENTL PETROLEUM (OXY) Grp 1 o$87.85 804.3M Shares 99 Comp. Rating 96 EPS RS 96 ROE 21%

43

GENCOR INDUSTRIES (GENC) Grp 13 $31.85 3.7M Shares 99 Comp. Rating 95 EPS RS 99 ROE 25%

44

APACHE (APA) Grp 1 o$135.67 329.8M Shares 99 Comp. Rating 95 EPS RS 97 ROE 19%

MANUFACTURES ENGINEERED PUMPS/VALVES/MECHANICAL SEALS FOR ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL AND MANUFACTURES HEAVY MACHINERY FOR THE PRODUCTION OF HIGHWAY ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL AND NATURAL GAS PRIMARILY IN NORTH AMERICA. ENGINEERING/CONSTRUCTION APPLICATIONS, OEMS AND END USERS. CONSTRUCTION MATERIALS AND SYNTHETIC FUELS NATURAL GAS PRIMARILY IN THE UNITED STATES.

+109% Ann. EPS Gro PE 24 Avg. Daily Vol 882,500 Debt 43% Last Qtr Eps +159%5 Prior Qtr +94%6 Last Qtr Sales +24% 12 Qtrs EPS ) 15% Eps Due 8/8 R&D 2% Acc/Dis B Sup/Demand 82

+12% Ann. EPS Gro PE 13 Avg. D. Vol 6,605,400 Debt 8% Last Qtr Eps +137%5 Prior Qtr +91%5 Last Qtr Sales +50% 2 Qtrs EPS ) 15% Eps Due 7/24 R&D 2% Acc/Dis BSup/Demand 63

+23% Ann. EPS Gro PE 10 Avg. Daily Vol 79,400 Debt 0% Last Qtr Eps +807%5 Prior Qtr +400%6 Last Qtr Sales +48% 3 Qtrs EPS ) 15%

+7% Ann. EPS Gro PE 14 Avg. D. Vol 4,446,200 Debt 26% Last Qtr Eps +102%5 Prior Qtr +79%5 Last Qtr Sales +59% 2 Qtrs EPS ) 15% Eps Due 7/26

R&D 3% Acc/Dis A+ Sup/Demand 64

Acc/Dis B Sup/Demand 78

Up 3% from 118.10 buy pt from 2nd pullback to 10-week line. In possible buying range on rebound from 10-week line. Thin stock, 51% past 21.07 buy pt after rally off 10-wk avg. Making 2nd pullback to 10-week line since Feb. breakout.

WHITING PETROLEUM (WLL) Grp 1 o$79.59 METER (BMI) Grp 13 $51.12 METALICO INC (MEA) Grp 14 o$15.31 SUN HYDRAULICS (SNHY) Grp 13 o$37.05 45 BADGER 12.5M Shares 99 Comp. Rating 95 EPS RS 97 ROE 22% 46 11.3M Shares 99 Comp. Rating 95 EPS RS 97 ROE 27% 47 20.2M Shares 99 Comp. Rating 94 EPS RS 98 ROE 16% 48 42.2M Shares 99 Comp. Rating 94 EPS RS 98 ROE 8% MANUFACTURES RESIDENTIAL/COMMERCIAL WATER METERS AND AUTOMO- MANUFACTURES SCREW-IN HYDRAULIC CARTRIDGE VALVES AND MANI- RECYCLES FERROUS/NON-FERROUS SCRAP METAL AND FABRICATES LEAD ENGAGED IN EXPLORATION/PRODUCTION OF OIL/GAS IN THE ROCKY TIVE FLUID METERS/SYSTEMS METAL PRODUCTS FOR CONSTRUCTION AND INDUSTRIAL APPLICATIONS. MOUNTAINS, PERMIAN BASIN, GULF COAST, MID-CONTINENT AND MI. FOLDS FOR FLUID POWER SYSTEMS IN CONSTRUCTION EQUIPMENT

SMARTSELECT ® COMPOSITE RATING

RelîAnnual Last Qtr NextQtr Lst Qtr Mgtîì SpnEPS StrëîEPS Est EPS EPS Salesî Pretaxè Ownî shp Price 6íî Rtg Rtgî% Chg % Chg % Chg % Chg ROE mrgnè % Rtg COMPANIES 41-80

Rank Company

121.3 98 96 97 +46 +159 +45 +24 21 9 1 B Flowserve 41 After–tax margin near 9% in Q1, highest level in at least 17 quarters. Occidentl Petrolm 87.85 99 96 96 +54 +137 +84 +50 21 42 2 C 42 Oil explorer raising its dividend 28% to 32 cents/share in Q2. .. +48 25 40 18 .. Gencor Industries 31.85 99 95 99 .. +807 43 Heavy equipment maker has hit–and–miss quarterly earnings record. 135.7 99 95 97 +57 +102 +66 +59 19 46 1 C Apache 44 EPS rose 102% in Q1, continuing accelerating trend from 6%, 8%, 79% gains. 51.12 99 95 97 +28 +141 +10 +30 22 12 8 C Badger Meter 45 First-quarter sales jumped 30%; three quarters of advancing EPS. 37.05 99 95 97 +19 +31 +22 +20 27 20 32 D Sun Hydraulics 46 Funds have raised stake in this small cap for six consecutive quarters. 99 94 98 +73 +67 +79+230 16 7 43 B Metalico Inc 47 Scrap metal recycler's15.31 sales growth accelerated for four quarters running. Whiting Petroleum 79.59 99 94 98 +89 +407 +82 +65 8 21 1 B 48 Posts two quarters of sharp EPS and sales acceleration after slump. Surgical 289.1 94 99 94 +40 +81 +49 +65 19 38 3 B 49 Intuitive Robotic surgical system maker's EPS Rating best in Med–sys/equip group. 31.14 96 98 94 +49 +87 +26 +29 32 13 .. B ABB 50 Bought New Zealand–based electrical engineering firm for undisclosed sum. Gulfmark Offshore 59.85 97 98 94 +10 +67 –13 +27 19 38 15 C 51 Marine transport firm blows away Q1 estimates by 58 cents or 54%. Pride International 44.46 98 98 94 +58 +69 +13 +18 13 28 1 C 52 Driller has raised pretax margin and return on equity for three years. 43.39 97 97 94 +5 +38 +17 +25 19 42 4 B Ansys Inc 53 Buyout of fellow software firm Ansoft cleared by FTC and DOJ. 41.34 97 97 94+168 +164 +135 +68 13 15 .. B Gafisa SA Ads 54 Fitch Ratings upgraded Brazilian homebuilder's corporate debt to A. 99 97 94 +29 +57 +23 +33 33 50 2 C Noble Corp 55 Company's CFO making62.62 presentation to investors Tuesday at energy forum. 26.64 98 97 93 +56 +84 +55 +46 8 4 49 C 56 Enersys Battery maker grew earnings 36%, 46% and 84% after two rough quarters. Petroleum A 54.96 98 96 96 +62 +107 +56 +58 23 28 5 C 57 OilBerryproducer's return on equity slipped for second year in 2007. Integral Systems 35.89 98 96 96 +47 +83 –11 +55 11 16 4 C 58 Satellite systems maker's profit growth accelerated in latest quarters. 63.24 99 96 95 +33 +60 +30 +12 14 18 1 C CSX 59 Railroad operator's earnings growth accelerated in recent quarters. StMary Land&Explr 48.29 99 96 95 +13 +62 +11 +64 28 35 3 C 60 Oil producer easily beat views with 62% jump in Q1 profit. 86.00 98 95 96 +28 +22 +34 +19 17 18 3 B Intl 61 OilWeatherford service firm's after–tax margin climbed for three straight quarters. Central Euro Dist 63.80 98 95 95 +38 +55 –18 +37 10 7 11 C 62 Liquor distributor has raised its pretax margin three quarters running. Valmont Industries 108.0 98 95 95 +30 +57 +32 +24 21 9 6 C 63 Metal pole maker's sales grew 24% in latest period, best in many quarters. 138.5 97 93 98 +69 +70 +52 +26 17 39 1 B Resources 64 OilEOGproducer's profit growth stablizing after some rocky quarters. 98 92 99+112 +256 +186+156 23 23 26 B Sohu.com Inc 65 Oppenheimer & Co. 75.82 cuts Internet portal to perform from outperform. 65.36 99 92 98+118 +180 +146 +22 12 6 2 B Arch Coal 66 Analysts expect coal producer to grow earnings 118% this year. 68.07 99 92 98 +56 +129 +90 +55 11 38 3 B Energy 67 OilCimarex explorer's EPS up 117% and 129% after six quarters of year–ago drops. 43.47 99 91 99 +6 +15 +20 +50 40 18 3 .. Gerdau SA ADR 68 Brazilian steel firm's EPS seen rising 6% in '08, slowing from 14% in '07. 53.90 95 99 92 +9 +133 –22 +17 76 13 1 B McDermott Intl 69 CEO of engineering/construction firm exercised options for 43,640 shares. 16.16 95 99 92 +96 +60 +100 +36 5 9 13 D Pericom Semi 70 Chipmaker authorized to buy back up to $30 million of its stock. 33.58 94 99 92 +38 +89 +119 +38 31 29 .. B Vimpel Comm 71 Wireless firm is the first to introduce BlackBerry services in Russia. 87 98 97 +34 +96 +27 +27 .. 19 3 C GrafTech Intl 72 Graphite firm's Q1 profit21.99doubled on lower restructuring charges. Orientl Edu&T 72.06 93 98 93 +34 +46 –50 +46 22 26 47 B 73 NewChinese school beats Q3 EPS views, but guides Q4 sales below consensus. Holdings 48.55 91 97 96 +16 +26 +11 +13 .. 6 4 D 74 Koppers Chemicals maker beats Q1 EPS views but misses on revenues. Kansas Cty Southrn 45.90 97 97 92 +23 +86 +25 +10 9 13 6 B 75 Railroad firm ended streak of 1–digit sales growth with 10% rise in Q1. 116.3 95 97 92 +36 +71 .. +42 49 20 3 B Millicom Intl 76 EPS growth no longer in triple digits, but in 59%–86% range past 4 qtrs. 84.59 97 97 92 +77 +236 +40 +90 18 7 9 C Murphy Oil Corp 77 Explorer/producer's Q1 EPS rose estimate–beating 236%; sales up 90%. 63.88 96 97 92 +24 +59 +28 +23 22 7 14 C NewMarket Corp 78 Analysts expect single–digit sales growth in next three quarters. 46.35 97 96 92 +19 +38 +32 +19 61 12 3 C Celanese Corp 79 Chemical products maker's EPS growth slowed slightly despite higher sales. 83.52 96 95 94 +47 +50 –94 +32 22 .. .. B China Mobile 80 Telecom service firm's profit growth accelerated for six quarters running. 7

+11% Ann. EPS Gro PE 34 Avg. Daily Vol 132,600 Debt 3% Last Qtr Eps +141%5 Prior Qtr +75%5 Last Qtr Sales +30% 3 Qtrs EPS ) 15% Eps Due 7/18 Acc/Dis B Sup/Demand 67

+32% Ann. EPS Gro PE 26 Avg. Daily Vol 140,500 Debt 0% Last Qtr Eps +31%6 Prior Qtr +35%5 Last Qtr Sales +20% 18 Qtrs EPS ) 15% Eps Due 8/7 Acc/Dis ASup/Demand 65

+27% Ann. EPS Gro PE 25 Avg. Daily Vol 460,000 Debt 68% Last Qtr Eps +67%5 Prior Qtr +38%6 Last Qtr Sales+230% 3 Qtrs EPS ) 15% Eps Due 8/6 Acc/Dis ASup/Demand 77

Thin stock 8% past 47.50 buy pt of cup w/high handle. 15% past 32.28 buy point; broke out of cup w/ handle. 7% extended from 14.34 buy point in high handle.

-9% Ann. EPS Gro PE 20 Avg. Daily Vol 736,500 Debt 58% Last Qtr Eps +407%5 Prior Qtr +86%5 Last Qtr Sales +65% 2 Qtrs EPS ) 15% Eps Due 7/25 R&D 4% Acc/Dis A+ Sup/Demand 85

Extended 22% past 65.19 buy point from pullback to 10-week.

PRIDE INTERNATIONAL (PDE) Grp 6 o$44.46 SURGICAL (ISRG) Grp 74 o$289.10 GULFMARK OFFSHORE (GLF) Grp 16 $59.85 ABB (ABB) Grp 51 o$31.14 49 INTUITIVE 37.5M Shares 94 Comp. Rating 99 EPS RS 94 ROE 19% 50 2107M Shares 96 Comp. Rating 98 EPS RS 94 ROE 32% 51 19.6M Shares 97 Comp. Rating 98 EPS RS 94 ROE 19% 52 166.1M Shares 98 Comp. Rating 98 EPS RS 94 ROE 13% DEVELOPS AN ADVANCED SURGICAL SYSTEM DESIGNED TO IMPROVE OPEN SWISS MANUFACTURER OF POWER MANAGEMENT AND POWER PLANT PROVIDES OFFSHORE MARINE SERVICES TO COMPANIES INVOLVED IN PROVIDES OFFSHORE CONTRACT DRILLING AND RELATED SERVICES FOR OIL SURGERY AND MINIMALLY INVASIVE SURGERY. OFFSHORE EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS. AND GAS EXPLORATION AND PRODUCTION COMPANIES WORLDWIDE. AUTOMATION EQUIPMENT FOR INDUSTRIAL AND UTILITY MARKETS.

+50% Ann. EPS Gro PE 71 Avg. D. Vol 1,117,100 Debt 0% Last Qtr Eps +81%6 Prior Qtr +100%6 Last Qtr Sales +65% 5 Qtrs EPS ) 15% Eps Due 7/19 R&D 8% Acc/Dis C+ Sup/Demand 93

+74% Ann. EPS Gro PE 23 Avg. D. Vol 4,394,400 Debt 20% Last Qtr Eps +87%5 Prior Qtr +41%6 Last Qtr Sales +29% 17 Qtrs EPS ) 15% Eps Due 7/26 Acc/Dis C+ Sup/Demand 27

+99% Ann. EPS Gro PE 11 Avg. Daily Vol 297,600 Debt 24% Last Qtr Eps +67%5 Prior Qtr +33%5 Last Qtr Sales +27% 2 Qtrs EPS ) 15% Eps Due 8/1 Acc/Dis D+ Sup/Demand 77

+124% Ann. EPS Gro PE 17 Avg. D. Vol 3,526,800 Debt 32% Last Qtr Eps +69%6 Prior Qtr +114%5 Last Qtr Sales +18% 11 Qtrs EPS ) 15% Eps Due 8/2 Acc/Dis B+ Sup/Demand 88

7

Trading below 10-week average for third week in a row. Just below 32.08 high on left side of 6-month base.

6% past 56.48 buy pt in high-volume pullback to 10-week. Extended 19% past 37.34 buy point after flat base breakout.

ENERSYS (ENS) Grp 51 $26.64 INC (ANSS) Grp 52 $43.39 NOBLE CORP (NE) Grp 6 o$62.62 GAFISA S A ADS (GFA) Grp 11 o$41.34 53 ANSYS 75.2M Shares 97 Comp. Rating 97 EPS RS 94 ROE 19% 54 47.8M Shares 97 Comp. Rating 97 EPS RS 94 ROE 13% 55 263.3M Shares 99 Comp. Rating 97 EPS RS 94 ROE 33% 56 24.8M Shares 98 Comp. Rating 97 EPS RS 93 ROE 8% DEVELOPS ENGINEERING SIMULATION SOFTWARE APPLICATIONS FOR DE- BRAZILIAN BUILDER OF RESIDENTIAL HOMES/COMMUNITIES AND COMMER- ENGAGED IN OFFSHORE CONTRACT DRILLING OF OIL AND GAS WELLS MANUFACTURES INDUSTRIAL AND RESERVE POWER BATTERIES USED IN ELECTRIC FORKLIFT TRUCKS AND BACKUP POWER SYSTEMS SIGN ANALYSIS AND PROTOTYPE ASSESSMENT. WORLDWIDE CIAL STRUCTURES IN 35 MARKETS AND 16 STATES IN BRAZIL.

+35% Ann. EPS Gro PE 30 Avg. Daily Vol 920,100 Debt 8% Last Qtr Eps +38%6 Prior Qtr +63%5 Last Qtr Sales +25% 21 Qtrs EPS ) 15% Eps Due 8/2 R&D 14% Acc/Dis A Sup/Demand 75

+118% Ann. EPS Gro PE 29 Avg. D. Vol 1,007,000 Debt 0% Last Qtr Eps +164%6 Prior Qtr +409%5 Last Qtr Sales +68% 13 Qtrs EPS ) 15% Eps Due 8/6 Acc/Dis B Sup/Demand 82

+109% Ann. EPS Gro PE 12 Avg. D. Vol 4,417,800 Debt 18% Last Qtr Eps +57%6 Prior Qtr +82%5 Last Qtr Sales +33% 14 Qtrs EPS ) 15% Eps Due 7/18 Acc/Dis ASup/Demand 83

+19% Ann. EPS Gro PE 22 Avg. Daily Vol 433,700 Debt 70% Last Qtr Eps +84%5 Prior Qtr +46%5 Last Qtr Sales +46% 3 Qtrs EPS ) 15% Eps Due 6/13 Acc/Dis B+ Sup/Demand 66

7

7

7 7

IBD 100 Performance Weekly changes in the IBD 100 since its inception vs. the S&P 500 300%

8% above 40.29 buy pt of sloppy, 4-month cup w/handle. Falls below 42.85 buy pt of 7-wk cup in base on base. Up 5% from 59.73 buy point in high handle of base.

ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL AND MANUFACTURES SATELLITE GROUND SYSTEMS FOR COMMAND/CONTROL, OPERATES 21,000-MILE RAIL SYSTEM IN 23 STATES, THE DISTRICT OF ENGAGED IN THE EXPLORATION, EXPLOITATION, DEVELOPMENT, ACQUISITION AND PRODUCTION OF CRUDE OIL AND NATURAL GAS NATURAL GAS IN THE ROCKY MOUNTAIN AND MID-CONTINENT REGIONS. INTEGRATION/TEST, AND DATA PROCESSING/SIMULATION. COLUMBIA AND TWO CANADIAN PROVINCES.

+4% Ann. EPS Gro PE 20 Avg. Daily Vol 461,000 Debt 97% Last Qtr Eps +107%5 Prior Qtr +65%5 Last Qtr Sales +58% 2 Qtrs EPS ) 15% Eps Due 8/1 R&D 2% Acc/Dis B Sup/Demand 71

19% past 46.31 buy point from double-bottom base.

IBD 100: 224.1% S&P 500: 52.0%

+34% Ann. EPS Gro PE 21 Avg. Daily Vol 77,800 Debt 0% Last Qtr Eps +83%5 Prior Qtr +75%5 Last Qtr Sales +55% 4 Qtrs EPS ) 15% Eps Due 8/7 R&D 1% Acc/Dis ASup/Demand 64

+29% Ann. EPS Gro PE 21 Avg. D. Vol 5,728,800 Debt 74% Last Qtr Eps +60%5 Prior Qtr +49%5 Last Qtr Sales +12% 4 Qtrs EPS ) 15% Eps Due 7/17 Acc/Dis B+ Sup/Demand 80

Thin stock trading near record highs after clearing long base. 18% past 53.39 buy point from cup with high handle.

+29% Ann. EPS Gro PE 12 Avg. Daily Vol 832,100 Debt 66% Last Qtr Eps +62%5 Prior Qtr +30%5 Last Qtr Sales +64% 2 Qtrs EPS ) 15% Eps Due 8/2 R&D 5% Acc/Dis A Sup/Demand 79

8% past 44.60 buy point from breakout from cup with handle.

EOG RESOURCES (EOG) Grp 1 o$138.50 INTL (WFT) Grp 17 o$86.00 VALMONT INDUSTRIES (VMI) Grp 14 o$107.95 CENTRAL EURO DIST (CEDC) Grp 50 o$63.80 61 WEATHERFORD 329.6M Shares 98 Comp. Rating 95 EPS RS 96 ROE 17% 62 33.5M Shares 98 Comp. Rating 95 EPS RS 95 ROE 10% 63 17.5M Shares 98 Comp. Rating 95 EPS RS 95 ROE 21% 64 245.5M Shares 97 Comp. Rating 93 EPS RS 98 ROE 17% PROVIDES EQUIPMENT AND SERVICES FOR THE DRILLING, COMPLETION AND PRODUCES VODKA AND DISTRIBUTES OVER 700 BRANDS OF ALCOHOLIC AND MANUFACTURES FABRICATED METAL PRODUCTS AND METAL/CONCRETE EXPLORES FOR AND DEVELOPS OIL AND GAS PRIMARILY IN SOUTHERN AND MIDWEST REGIONS OF THE U.S. PRODUCTION OF OIL AND GAS WELLS. POLE AND TOWER STRUCTURES FOR ELECTRICAL TRANSMISSION. NON-ALCOHOLIC BEVERAGES THROUGHOUT POLAND.

+55% Ann. EPS Gro PE 24 Avg. D. Vol 4,638,900 Debt 41% Last Qtr Eps +22%6 Prior Qtr +30%5 Last Qtr Sales +19% 19 Qtrs EPS ) 15% Eps Due 7/23 R&D 2% Acc/Dis BSup/Demand 79

+25% Ann. EPS Gro PE 35 Avg. Daily Vol 710,500 Debt 58% Last Qtr Eps +55%5 Prior Qtr +37%5 Last Qtr Sales +37% 8 Qtrs EPS ) 15% Eps Due 7/31 Acc/Dis B Sup/Demand 85

Emerges from two-week pullback on slightly above trade. Slipping on light trade after rebound off 10-week avg.

+45% Ann. EPS Gro PE 27 Avg. Daily Vol 385,300 Debt 39% Last Qtr Eps +57%5 Prior Qtr +44%6 Last Qtr Sales +24% 9 Qtrs EPS ) 15% Eps Due 7/18 Acc/Dis B+ Sup/Demand 81

+8% Ann. EPS Gro PE 27 Avg. D. Vol 3,125,200 Debt 17% Last Qtr Eps +70%5 Prior Qtr +26%5 Last Qtr Sales +26% 2 Qtrs EPS ) 15% Eps Due 8/2 R&D 6% Acc/Dis B Sup/Demand 77

9% past 99.23 buy pt from cup base; RS line near high. Nearing 140.59 buy point from rebound off 10-week line.

GERDAU S A ADR (GGB) Grp 2 o$43.47 INC (SOHU) Grp 142 o$75.82 CIMAREX ENERGY (XEC) Grp 1 o$68.07 ARCH COAL (ACI) Grp 3 o$65.36 65 SOHU.COM 28.0M Shares 98 Comp. Rating 92 EPS RS 99 ROE 23% 66 141.1M Shares 99 Comp. Rating 92 EPS RS 98 ROE 12% 67 80.6M Shares 99 Comp. Rating 92 EPS RS 98 ROE 11% 68 237.1M Shares 99 Comp. Rating 91 EPS RS 99 ROE 40% CHINESE INTERNET PORTAL OFFERING MEDIA CONTENT, WIRELESS, WEB ENGAGED IN THE MINING, PROCESSING AND MARKETING OF COAL WITH ENGAGED IN THE EXPLORATION/PRODUCTION OF OIL AND GAS PRIMARILY IN BRAZILIAN PRODUCER AND SELLER OF COMMON AND SPECIAL STEEL RODS FOR THE INDUSTRIAL AND CIVIL CONSTRUCTION MARKETS. SEARCH AND GAMING SERVICES THROUGH SOHU.COM LOW SULFUR CONTENT IN THE EASTERN AND WESTERN UNITED STATES. NEW MEXICO, TEXAS, OKLAHOMA, AND THE GULF OF MEXICO.

+18% Ann. EPS Gro PE 48 Avg. D. Vol 1,716,700 Debt 0% Last Qtr Eps +256%5 Prior Qtr +105%5 Last Qtr Sales+156% 3 Qtrs EPS ) 15% Eps Due 8/1 R&D 13% Acc/Dis ASup/Demand 96

+61% Ann. EPS Gro PE 42 Avg. D. Vol 4,978,700 Debt 71% Last Qtr Eps +180%5 Prior Qtr +2%5 Last Qtr Sales +22% 1 Qtrs EPS ) 15% Eps Due 7/23 Acc/Dis ASup/Demand 94

-6% Ann. EPS Gro PE 13 Avg. D. Vol 1,329,200 Debt 15% Last Qtr Eps +129%5 Prior Qtr +117%5 Last Qtr Sales +55% 2 Qtrs EPS ) 15% Eps Due 8/1 Acc/Dis ASup/Demand 83

+25% Ann. EPS Gro PE 15 Avg. D. Vol 2,911,100 Debt 71% Last Qtr Eps +15%6 Prior Qtr +29%5 Last Qtr Sales +50% 0 Qtrs EPS ) 15% Eps Due 5/3 Acc/Dis ASup/Demand 46

17% extended from 64.93 buy point from cup-shaped base. At new high and 16% past 56.25 buy point of cup base. 54% past 44.34 secondary buy point; no entry points since. 24% past 34.86 buy point from rebound off its 10-week line.

GRAFTECH INTL (GTI) Grp 183 o$21.99 INTL (MDR) Grp 16 o$53.90 VIMPEL COMM (VIP) Grp 79 o$33.58 PERICOM SEMICNDCTR (PSEM) Grp 48 $16.16 69 MCDERMOTT 224.5M Shares 95 Comp. Rating 99 EPS RS 92 ROE 76% 70 22.8M Shares 95 Comp. Rating 99 EPS RS 92 ROE 5% 71 1005M Shares 94 Comp. Rating 99 EPS RS 92 ROE 31% 72 100.1M Shares 87 Comp. Rating 98 EPS RS 97 ROE 0% PROVIDES ENGINEERING AND CONSTRUCTION SERVICES WITH SPECIALTY DESIGNS ANALOG/DIGITAL/MIXED-SIGNAL ICS AND FREQUENCY CLOCKS FOR RUSSIAN PROVIDER OF DIGITAL AND ANALOG WIRELESS VOICE/DATA MANUFACTURES CARBON/GRAPHITE PRODUCTS FOR THE METAL PRODUCTION, ELECTRONICS, AEROSPACE AND TRANSPORTATION INDUSTRIES. MANUFACTURING AND CAPABILITIES SERVICES TO 55.1 MIL SUBSCRIBERS TELECOM, COMPUTER, AND CONSUMER ELECTRONICS INDUSTRIES.

+87% Ann. EPS Gro PE 20 Avg. D. Vol 2,494,200 Debt 1% Last Qtr Eps +133%5 Prior Qtr +36%6 Last Qtr Sales +17% 8 Qtrs EPS ) 15% Eps Due 5/7 Acc/Dis DSup/Demand 73

250

Forming right side of base; could be ready to etch handle.

ST MARY LAND&EXPLOR (SM) Grp 1 o$48.29 PETROLEUM A (BRY) Grp 1 o$54.96 CSX (CSX) Grp 10 o$63.24 INTEGRAL SYSTEMS (ISYS) Grp 113 $35.89 57 BERRY 37.5M Shares 98 Comp. Rating 96 EPS RS 96 ROE 23% 58 9.0M Shares 98 Comp. Rating 96 EPS RS 96 ROE 11% 59 400.7M Shares 99 Comp. Rating 96 EPS RS 95 ROE 14% 60 59.5M Shares 99 Comp. Rating 96 EPS RS 95 ROE 28%

+116% Ann. EPS Gro PE 29 Avg. Daily Vol 294,600 Debt 0% Last Qtr Eps +60%6 Prior Qtr +100%6 Last Qtr Sales +36% 3 Qtrs EPS ) 15% Eps Due 8/7 R&D 13% Acc/Dis B Sup/Demand 73

+48% Ann. EPS Gro PE 23 Avg. D. Vol 3,432,200 Debt 41% Last Qtr Eps +89%5 Prior Qtr +73%6 Last Qtr Sales +38% 11 Qtrs EPS ) 15% Eps Due 5/25 Acc/Dis BSup/Demand 41

+55% Ann. EPS Gro PE 14 Avg. D. Vol 1,797,200 Debt 378% Last Qtr Eps +96%5 Prior Qtr +90%6 Last Qtr Sales +27% 8 Qtrs EPS ) 15% Eps Due 8/2 Acc/Dis ASup/Demand 85

IBD 100

Gaps down to 10-wk after failing to clear resistance at 63. May be forming handle in a deep base; possible 18 buy pt. Holding above 10- and 40-week lines, but 26% off high. 18% past 18.57 buy point; rose for 7-straight weeks.

Performance 5/2/03 to 5/2/08

MILLICOM INTL (MICC) Grp 79 o$116.34 ORIENTL EDU&TEC (EDU) Grp 105 o$72.06 KANSAS CITY SOUTHRN (KSU) Grp 10 o$45.90 KOPPERS HOLDINGS (KOP) Grp 28 $48.55 73 NEW 14.3M Shares 93 Comp. Rating 98 EPS RS 93 ROE 22% 74 20.0M Shares 91 Comp. Rating 97 EPS RS 96 ROE 0% 75 73.1M Shares 97 Comp. Rating 97 EPS RS 92 ROE 9% 76 63.8M Shares 95 Comp. Rating 97 EPS RS 92 ROE 49% CHINESE PROVIDER OF LANGUAGE TRAINING AND TEST PREPARATION TO MANUFACTURES CARBON COMPOUNDS AND COMMERCIAL WOOD TREAT- OWNS AND OPERATES DOMESTIC AND INTERNATIONAL RAIL NETWORKS IN LUXEMBOURG-BASED PROVIDER OF DIGITAL/ANALOG WIRELESS PREPAID VOICE SERVICES TO 14.9 MIL SUBSCRIBERS IN 16 COUNTRIES. 872,000 STUDENTS VIA 25 SCHOOLS AND 111 LEARNING CENTERS. THE UNITED STATES, MEXICO AND PANAMA. MENT PRODUCTS USED IN A BROAD RANGE OF END-MARKETS.

+75% Ann. EPS Gro PE 52 Avg. Daily Vol 603,300 Debt 0% Last Qtr Eps +46%6 Prior Qtr +67%5 Last Qtr Sales +46% 9 Qtrs EPS ) 15% Eps Due 7/24

200

Acc/Dis B Sup/Demand 83

150

+100% Ann. EPS Gro PE 16 Avg. D. Vol 290,500 Debt 999% Last Qtr Eps +26%6 Prior Qtr +39%6 Last Qtr Sales +13% 9 Qtrs EPS ) 15% Eps Due 8/9 Acc/Dis B Sup/Demand 79

+166% Ann. EPS Gro PE 26 Avg. D. Vol 1,201,700 Debt 64% Last Qtr Eps +86%5 Prior Qtr +39%6 Last Qtr Sales +10% 10 Qtrs EPS ) 15% Eps Due 7/26 Acc/Dis A+ Sup/Demand 82

+102% Ann. EPS Gro PE 24 Avg. D. Vol 883,100 Debt 178% Last Qtr Eps +71%5 Prior Qtr +59%6 Last Qtr Sales +42% 10 Qtrs EPS ) 15% Eps Due 7/24 Acc/Dis B+ Sup/Demand 63

Below 73.09 buy pt; cleared odd consolidation on low trade. 6% above 45.86 buy point from double-bottom-w-handle. Easing. Now 15% past 39.82 buy pt, down week is on low vol. Four weeks of gains put it above 10- and 40-week lines.

CHINA MOBILE (CHL) Grp 79 o$83.52 OIL CORP (MUR) Grp 23 o$84.59 CELANESE CORP (CE) Grp 22 o$46.35 NEWMARKET CORP (NEU) Grp 28 o$63.88 77 MURPHY 172.7M Shares 97 Comp. Rating 97 EPS RS 92 ROE 18% 78 12.4M Shares 96 Comp. Rating 97 EPS RS 92 ROE 22% 79 150.1M Shares 97 Comp. Rating 96 EPS RS 92 ROE 61% 80 1000M Shares 96 Comp. Rating 95 EPS RS 94 ROE 22%

100

ENGAGED IN EXPLORATION, PRODUCTION, REFINING AND MARKETING OF OIL MANUFACTURES AND DELIVERS PERFORMANCE CHEMICAL ADDITIVES THAT MANUFACTURES CHEMICAL PRODUCTS INCLUDING ACETYL PRODUCTS AND HONG KONG-BASED PROVIDER OF WIRELESS VOICE/DATA SERVICES IN 31 PROVINCES, REGIONS, AND MUNICIPALITIES IN MAINLAND CHINA. AND GAS IN THE UNITED STATES AND THE UNITED KINGDOM. HIGH PERFORMANCE ENGINEERED POLYMERS SOLD WORLDWIDE. ENHANCE THE PERFORMANCE OF PETROLEUM PRODUCTS.

+12% Ann. EPS Gro PE 15 Avg. D. Vol 1,667,000 Debt 30% Last Qtr Eps +236%5 Prior Qtr +167%5 Last Qtr Sales +90% 2 Qtrs EPS ) 15% Eps Due 7/25 R&D 1%

50

Acc/Dis C+ Sup/Demand 66

+46% Ann. EPS Gro PE 14 Avg. Daily Vol 371,400 Debt 50% Last Qtr Eps +59%6 Prior Qtr +81%5 Last Qtr Sales +23% 4 Qtrs EPS ) 15% Eps Due 7/27 R&D 5% Acc/Dis C+ Sup/Demand 90

+78% Ann. EPS Gro PE 13 Avg. D. Vol 1,359,500 Debt 309% Last Qtr Eps +38%6 Prior Qtr +52%5 Last Qtr Sales +19% 2 Qtrs EPS ) 15% Eps Due 7/26 R&D 1% Acc/Dis ASup/Demand 66

+31% Ann. EPS Gro PE 27 Avg. D. Vol 3,105,800 Debt 11% Last Qtr Eps +50%5 Prior Qtr +44%5 Last Qtr Sales +32% 15 Qtrs EPS ) 15% Eps Due 8/16 Acc/Dis B+ Sup/Demand 11

0 May ’03

’04

’05

’06

’07

’08

Near former 84.52 buy pt on dive to 10-week average.

Plunges 33% on big volume after 13-week climb.

7% extended from 43.22 buy point in handle.

May be forming cup-with-handle with 90.12 buy point.


INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

B5

(ECA) Grp 18 o$85.93 GARDNER DENVR (GDI) Grp 13 o$48.00 KIRBY CORP (KEX) Grp 41 o$56.68 URBAN OUTFITTERS (URBN) Grp 47 o$32.90 81 ENCANA 742.5M Shares 98 Comp. Rating 95 EPS RS 94 ROE 23% 82 51.0M Shares 97 Comp. Rating 95 EPS RS 94 ROE 19% 83 49.1M Shares 97 Comp. Rating 95 EPS RS 94 ROE 18% 84 109.9M Shares 99 Comp. Rating 95 EPS RS 92 ROE 21% ENGAGED IN THE EXPLORATION, DEVELOPMENT, TRANSPORTATION AND MANUFACTURES COMPRESSOR, VACUUM AND FLUID TRANSFER PRODUCTS ENGAGED IN INLAND AND OFFSHORE MARINE TRANSPORTATION AND THE OPERATES 122 URBAN OUTFITTERS, 108 ANTHROPOLOGIE, AND 15 FREE MARKETING OF OIL AND NATURAL GAS WORLDWIDE. USED IN INDUSTRIAL, WATER JETTING AND DRILLING APPLICATIONS. OVERHAUL AND REPAIR OF DIESEL ENGINES AND RELATED PARTS. PEOPLE STORES IN THE U.S., CANADA, U.K., AND IRELAND.

+29% Ann. EPS Gro PE 14 Avg. D. Vol 3,030,800 Debt 43% Last Qtr Eps +28%6 Prior Qtr +116%5 Last Qtr Sales +20% 2 Qtrs EPS ) 15% Eps Due 7/25

+62% Ann. EPS Gro PE 13 Avg. Daily Vol 552,500 Debt 23% Last Qtr Eps +19%6 Prior Qtr +46%5 Last Qtr Sales +12% 13 Qtrs EPS ) 15% Eps Due 7/25

Acc/Dis B Sup/Demand 44

Acc/Dis ASup/Demand 71

Rebounding from 10-week line. Buying range goes to 87.79. Formed three-weeks-tight pattern with 49.44 buy point.

+31% Ann. EPS Gro PE 22 Avg. Daily Vol 830,600 Debt 38% Last Qtr Eps +48%5 Prior Qtr +45%5 Last Qtr Sales +21% 4 Qtrs EPS ) 15% Eps Due 7/25

+12% Ann. EPS Gro PE 35 Avg. D. Vol 4,161,000 Debt 0% Last Qtr Eps +52%5 Prior Qtr +44%5 Last Qtr Sales +29% 4 Qtrs EPS ) 15% Eps Due 5/10

Acc/Dis BSup/Demand 82

Shapes six-week base with resistance near 60.

Acc/Dis B+ Sup/Demand 91

Nods back toward 10-week line as volume dwindles.

PETROL (APC) Grp 1 o$76.33 SADIA SA (SDA) Grp 56 o$21.27 CAMERON INTL CORP (CAM) Grp 17 o$51.76 COMPASS MINERALS (CMP) Grp 22 o$66.49 85 ANADARKO 473.6M Shares 95 Comp. Rating 94 EPS RS 96 ROE 15% 86 140.6M Shares 96 Comp. Rating 94 EPS RS 95 ROE 27% 87 212.3M Shares 99 Comp. Rating 94 EPS RS 94 ROE 26% 88 31.7M Shares 90 Comp. Rating 93 EPS RS 99 ROE 0%

ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND GAS IN BRAZILIAN PROCESSOR OF FROZEN AND REFRIGERATED FOOD PRODUCTS MANUFACTURES OIL/GAS PRESSURE CONTROL AND SEPARATION EQUIPMENT PRODUCES SALTS FOR DEICING, WATER CONDITIONING, FOOD PREPARATION, ONSHORE U.S., DEEPWATER GULF OF MEXICO AND ALGERIA. AND POULTRY AND PORK PRODUCTS SOLD WORLDWIDE. FOR PRODUCTION IN ONSHORE/OFFSHORE/SUBSEA APPLICATIONS. AGRICULTURE AND INDUSTRIAL APPLICATIONS

SMARTSELECT ® COMPOSITE RATING

Rank Company

RelîAnnual Last Qtr NextQtr Lst Qtr Mgtîì SpnEPS StrëîEPS Est EPS EPS Salesî Pretaxè Ownî shp Price 6íî Rtg Rtgî% Chg % Chg % Chg % Chg ROE mrgnè % Rtg COMPANIES 81-100

+10% Ann. EPS Gro PE 13 Avg. D. Vol 5,311,400 Debt 82% Last Qtr Eps+1700%5 Prior Qtr+1113%5 Last Qtr Sales -43% 2 Qtrs EPS ) 15% Eps Due 7/30 R&D 5%

+25% Ann. EPS Gro PE 11 Avg. Daily Vol 625,200 Debt 92% Last Qtr Eps +165%5 Prior Qtr +61%6 Last Qtr Sales +42% 5 Qtrs EPS ) 15% Eps Due 7/26

+69% Ann. EPS Gro PE 23 Avg. D. Vol 3,562,700 Debt 36% Last Qtr Eps +25%6 Prior Qtr +30%6 Last Qtr Sales +34% 17 Qtrs EPS ) 15% Eps Due 7/31

+13% Ann. EPS Gro PE 24 Avg. Daily Vol 784,900 Debt 999% Last Qtr Eps +85%5 Prior Qtr +64%5 Last Qtr Sales +44% 2 Qtrs EPS ) 15% Eps Due 7/30

85.93 98 95 94 –1 +28 –11 +20 23 28 1 B firm's Q1 EPS slowed 28% from Q4's triple digits; –8% EPS seen in Q2. 81 OilEncana 48.00 97 95 94 +8 +19 +11 +12 19 14 3 C Gardner Denvr 82 Compressor maker improved return on equity for four straight years. 97 95 94 +26 +48 +30 +21 18 17 9 C Kirby Corp Gives back most of its gains after topping views. 7% past 48.57 buy point from cup-with-handle pattern. Falls hard with volume, but finds support at 10-wk line. 83 Inland barge firm tops 56.68 Q1 earnings estimates by 3% despite severe weather. Extended after poweful rebound from 10-week line. 32.90 99 95 92 +26 +52 +24 +29 21 15 35 B Urban Outfitters ROBBINS & MYERS (RBN) Grp 13 $41.10 CHART INDUSTRIES INC (GTLS) Grp 17 o$38.08 W & T OFFSHORE INC (WTI) Grp 1 o$49.03 AXSYS TECH (AXYS) Grp 29 $56.52 84 Retailer's earnings and sales growth accelerated in recent quarters. 89 27.6M Shares 95 Comp. Rating 93 EPS RS 96 ROE 12% 90 27.5M Shares 97 Comp. Rating 92 EPS RS 97 ROE 19% 91 27.4M Shares 99 Comp. Rating 90 EPS RS 98 ROE 16% 92 8.9M Shares 99 Comp. Rating 89 EPS RS 99 ROE 10% 76.33 95 94 96 +2 +999 –55 –43 15 23 1 C Anadarko Petrol 85 Fertilizer maker beats analysts expectations for 8th straight quarter. 21.27 96 94 95 .. +165 .. +42 27 9 .. A +102% Ann. EPS Gro PE 24 Avg. Daily Vol 621,400 Debt 7% +46% Ann. EPS Gro PE 19 Avg. Daily Vol 546,400 Debt 76% -3% Ann. EPS Gro PE 16 Avg. Daily Vol 843,900 Debt 57% +4% Ann. EPS Gro PE 38 Avg. Daily Vol 133,100 Debt 0% Sadia SA 86 Food processor's pretax margin and return on equity rebounded in 2007. Last Qtr Eps +91%6 Prior Qtr +111%5 Last Qtr Sales +14% Last Qtr Eps +34%6 Prior Qtr +73%5 Last Qtr Sales +12% Last Qtr Eps +279%5 Prior Qtr +54%5 Last Qtr Sales +45% Last Qtr Eps +80%5 Prior Qtr +50%5 Last Qtr Sales +59% 6 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 4 Qtrs EPS ) 15% Cameron Intl Corp 51.76 99 94 94 +21 +25 +22 +34 26 15 2 C 10 Qtrs EPS ) 15% Eps Due 6/28 Eps Due 8/13 Eps Due 8/7 Eps Due 7/25 87 Oil equipment firm's tops Q1 views, raises full–year outlook. R&D 3% .. +44 .. 10 2 C Compass Minerals 66.49 90 93 99 +91 +85 88 Salt and specialty fertilizer maker swings past Q1 EPS views by 19%. Robbins & Myers 41.10 95 93 96 +57 +91 +61 +14 12 11 2 D 89 Machinery firm's pretax margin and return on equity spiked up in 2007. 38.08 97 92 97 +24 +34 +10 +12 19 10 3 C Industries 90 Chart Gas storage equipment maker Q1 earnings grew 34%, sales up 12%. Testing 10-wk avg for first time since Feb. 28 breakout. 24% past 39.49 buy point from low-volume cup-base breakout. Thin stock at new highs after support at 10-week average. W&T Offshore Inc 49.03 99 90 98 +60 +279 +46 +45 16 23 61 C Three-weeks-tight appears with buy point at 42.38. 91 Offshore oil & natural gas firm offering 11 mil shares in mixed offering. MECHEL OAO ADS (MTL) Grp 2 o$155.38 CYBERSOURCE (CYBS) Grp 43 o$17.00 L K Q CORP (LKQX) Grp 185 o$21.23 MINDRAY MEDICL ADS (MR) Grp 74 o$38.97 56.52 99 89 99 +50 +80 +37 +59 10 13 19 C 93 44.4M Shares 97 Comp. Rating 89 EPS RS 99 ROE 24% 94 63.5M Shares 99 Comp. Rating 99 EPS RS 87 ROE 6% 95 106.3M Shares 90 Comp. Rating 97 EPS RS 93 ROE 11% 96 33.1M Shares 94 Comp. Rating 97 EPS RS 91 ROE 34% Axsys Tech 92 Optical applications firm's Q1 results were the best since 2004. 155.4 97 89 99 .. +11 .. +37 24 19 68 A OAO ADS 93 Mechel Russian miner and steel maker reports Q1 crude steel output rose 5% yoy. -14% Ann. EPS Gro PE 23 Avg. D. Vol 1,267,100 Debt 11% +57% Ann. EPS Gro PE 36 Avg. Daily Vol 736,200 Debt 0% +31% Ann. EPS Gro PE 33 Avg. D. Vol 1,353,600 Debt 75% +85% Ann. EPS Gro PE 45 Avg. Daily Vol 798,100 Debt 0% Last Qtr Eps +100%5 Prior Qtr +67%5 Last Qtr Sales+141% Last Qtr Eps +57%6 Prior Qtr +78%5 Last Qtr Sales+109% Last Qtr Eps +56%5 Prior Qtr +38%6 Last Qtr Sales +63% 17.00 99 99 87 +45 +100 +100+141 6 15 8 D Last Qtr Eps +11%6 Prior Qtr +133%6 Last Qtr Sales +37% Cybersource 0 Qtrs EPS ) 15% 3 Qtrs EPS ) 15% 14 Qtrs EPS ) 15% 11 Qtrs EPS ) 15% 94 Small cap's sales growth in past two frames best in at least 17 quarters. Eps Due 6/28 Eps Due 7/19 Eps Due 7/26 Eps Due 8/6 21.23 90 97 93 +38 +57 +38+109 11 9 21 C LKQ Corp R&D 11% R&D 10% 95 Auto parts firm tops Q1 EPS views on powerful sales growth. Mindray Medicl Ads 38.97 94 97 91 +32 +56 +30 +63 34 34 48 B 96 Sales, EPS growth steady the past 2 qtrs, though growth seen slowing. Dawson Geophysicl 75.12 96 96 92 +25 +53 +17 +31 20 17 4 B 97 Seismic data firm's EPS slowed in fiscal Q1 and missed views for Q2. 35.80 99 96 90 +13 +42 +24 +32 24 .. 6 .. NVE So far so good for rebound from 10-week; Buy range to 165.10. Falls below 17.66 buy point of double-bottom on fast trade. Base-on-base effort damaged by last week’s losses. Forming right side of base after steep sell-off. 98 Spintronics maker's fiscal Q4 profit rose 42% on 32% sales rise. 20.92 95 95 93 +42 +57 +40 +36 10 14 9 C Natus Medical GEOPHYSICL (DWSN) Grp 16 $75.12 NVE (NVEC) Grp 37 $35.80 NATUS MEDICAL (BABY) Grp 74 o$20.92 NETLOGIC MICROSYS (NETL) Grp 48 o$33.84 99 Infant diagnostic firm's Q1 after–tax margins slowed, but EPS leapt 57%. 97 DAWSON 7.4M Shares 96 Comp. Rating 96 EPS RS 92 ROE 20% 98 4.4M Shares 99 Comp. Rating 96 EPS RS 90 ROE 24% 99 20.5M Shares 95 Comp. Rating 95 EPS RS 93 ROE 10% 100 16.7M Shares 97 Comp. Rating 95 EPS RS 91 ROE 17% Acc/Dis B Sup/Demand 73

Acc/Dis B+ Sup/Demand 36

Acc/Dis C+ Sup/Demand 83

Acc/Dis C Sup/Demand 91

MANUFACTURES OIL AND GAS EXPLORATION EQUIPMENT AND SYSTEMS FOR MANUFACTURES HIGHLY ENGINEERED EQUIPMENT USED IN THE PRODUC- ENGAGED IN THE EXPLORAITON AND PRODUCTION OF OIL AND NATURAL GAS MANUFACTURES INFRARED OPTICAL AND MOTION CONTROL SYSTEMS FOR THE INDUSTRIAL/ENERGY/CHEMICAL/PHARMACEUTICAL MARKETS. TION, STORAGE AND END-USE OF HYDROCARBONS/INDUSTRIAL GASES. PRIMARILY IN THE GULF OF MEXICO. AEROSPACE, DEFENSE, HOMELAND SECURITY AND MEDICAL MARKETS.

7

Acc/Dis C+ Sup/Demand 85

Acc/Dis B+ Sup/Demand 87

Acc/Dis ASup/Demand 73

Acc/Dis ASup/Demand 76

7 7

RUSSIAN MANUFACTURER OF MINING AND STEEL PRODUCTS FOR CONSTRUC- PROVIDES RISK MANAGEMENT AND ELECTRONIC PAYMENT SOLUTIONS FOR REMANUFACTURES RECYCLED AUTOMOTIVE REPLACEMENT PARTS TO COLLI- DEVELOPS PATIENT MONITORING DEVICES, DIAGNOSTIC LABORATORY INTION, ENGINEERING, DEFENSE, AND OTHER INDUSTRIES. BUSINESSES THAT PROCESS SALES TRANSACTIONS ONLINE. SION/MECHANICAL REPAIR SHOPS STRUMENTS AND ULTRASOUND IMAGING SYSTEMS.

7

7

Acc/Dis B Sup/Demand 67

7

Acc/Dis B+ Sup/Demand 72

Acc/Dis BSup/Demand 70

Acc/Dis C Sup/Demand 61

7

100

NetLogic Microsys 33.84 97 95 91 +18 +58 +21 +46 17 24 22 7Wireless chipmaker's Q1 58% EPS growth beat estimates by 15%.

About The Investor’s Business Daily 100

C

The IBD 100, which runs each Monday, is a computer-generated ranking of leading companies trading in the U.S. Rankings are based on a combination of each company’s profit growth; IBD’s Composite Rating, which includes key measures such as return on equity, sales growth and profit margins; and relative price strength. Stocks with a highlighted border typically have strong fundamentals and sound base patterns and may merit further review. A company’s inclusion in the list or among the highlighted charts should not be viewed as a recommendation. Many are newer, smaller and highly volatile companies that require further research due to their speculative nature. 7 denotes a company that came public within the past 8 years. Supply/Demand Rating compares a stock’s float with its trading volume, from 1 to 99. Stocks with the most demand vs. supply are rated 99.

PROVIDES ONSHORE SEISMIC DATA ACQUISITION SERVICES PRIMARILY TO MANUFACTURES SPINTRONIC SENSORS AND DATA COUPLERS THAT USE DEVELOPS PRODUCTS TO DETECT AND TREAT HEARING IMPAIRMENT, DESIGNS KNOWLEDGE-BASED PROCESSORS USED TO ACCELERATE DELIVERY OIL AND GAS COMPANIES IN THE UNITED STATES. ELECTRON SPIN TO ACQUIRE, STORE AND TRANSMIT INFORMATION. NEUROLOGICAL DYSFUNCTION AND OTHER DISORDERS IN INFANTS. OF WIRELINE AND WIRELESS VOICE/DATA/VIDEO COMMUNICATION.

+48% Ann. EPS Gro PE 18 Avg. Daily Vol 160,900 Debt 0% Last Qtr Eps +53%5 Prior Qtr +41%6 Last Qtr Sales +31% 9 Qtrs EPS ) 15% Eps Due 8/1

+83% Ann. EPS Gro PE 24 Avg. Daily Vol 66,800 Debt 0% Last Qtr Eps +42%6 Prior Qtr +64%5 Last Qtr Sales +32% 9 Qtrs EPS ) 15% Eps Due 7/18 R&D 13%

Acc/Dis D Sup/Demand 88

Acc/Dis ASup/Demand 80

+39% Ann. EPS Gro PE 40 Avg. Daily Vol 271,300 Debt 16% Last Qtr Eps +57%5 Prior Qtr +31%6 Last Qtr Sales +36% 5 Qtrs EPS ) 15% Eps Due 8/2 R&D 13%

+39% Ann. EPS Gro PE 25 Avg. Daily Vol 704,800 Debt 0% Last Qtr Eps +58%5 Prior Qtr +43%5 Last Qtr Sales +46% 2 Qtrs EPS ) 15% Eps Due 7/24 R&D 41%

Acc/Dis B+ Sup/Demand 75

Acc/Dis B+ Sup/Demand 94

Daily chart shows low-volume fall, high-volume rebound. Thin stock with tiny float beaks out of cup-shaped base. Thin stock is 4% above 20.05 buy point from cup-with-handle. Leaping up right side of base now 30 weeks long.

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ID256


B6

MONDAY, MAY 12, 2008

INVESTORS.COM

Intermediate Strategies for Successful Investing

Level II How to Make Money in Stocks Workshop Series

San Francisco, CA

Seattle, WA

June 7, 2008 (Sat)

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From Strategy to Application Convert Your Market Knowledge into Money-making Skill The most difficult hurdle for every investor is the one that takes you from strategic knowledge to real world application. You know the CAN SLIM® Investment System. You recognize a Cup-with-Handle. That’s an essential first step, but to consistently make money, you need to go deeper. In this workshop, you’ll learn advanced market-tracking and screening techniques directly from IBD national speakers. You’ll see the specific fundamental analysis and chart-reading methods they use to find stocks with the greatest potential and you’ll discover the steps they take to protect their gains by identifying warning signs early on.

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Your Instructors (Two Speakers per event)

aHow to realistically spot market tops and bottoms aScreening techniques to identify emerging winners aHow to read charts more accurately & profitably

KIER McDONOUGH JUSTIN NIELSEN Certified Speaker Office of the Chairman Representing

Plus! Get exclusive Custom Screen Wizard* sample screens - featuring parameters used by William O’Neil + Co. Incorporated Portfolio Managers. Use these screens to help spot fundamentally sound stocks showing signs of a major price move.

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*Custom Screen Wizard is a proprietary screening tool provided by Investor’s Business Daily, Inc. under license from William O’Neil + Co., Incorporated. To run a screen with these criteria, you must be a subscriber to the Daily Graphs® Custom Screen Wizard. Speakers and content are subject to change. Cancellations with full refund will be accepted two weeks prior to workshop. After that, a $239 processing fee will be charged.

© 2008 Investor’s Business Daily, Inc. Investor’s Business Daily, IBD and CAN SLIM and corresponding logos are registered trademarks owned by Data Analysis, Inc., an affiliate of Investor’s Business Daily.


INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

MAKING MONEY

B7

RELEVANT FACTS, RULES & SKILLS

THE BIG PICTURE

NYSE + Nasdaq Stocks On The Move

Stocks Pull Back At End Of Down Week, But Volume Ebbs As Leaders Hold Firm

Stocks with high volume vs. 50-day avg., reflecting heavy institutional action. 80 EPS & 80 RS or better are boldfaced.

BY JONAH KERI INVESTOR'S BUSINESS DAILY

Stocks fell in light trade Friday, as leaders held firm at the end of an up and down week. The Dow industrials fell hardest, shedding 0.9%. The S&P 500 sank 0.7%, the NYSE composite 0.6% and the Nasdaq 0.2%. Small caps took a milder loss, as the S&P 600 ended the day virtually unchanged. Volume eased across the board, netting one of the quietest trading sessions of the year. NYSE turnover fell 8%, Nasdaq volume 16% compared with Thursday’s totals. The major market indexes alternated between up and down throughout the week. The end results: identical 1.3% losses for the Nasdaq and NYSE composites, a 1.8% decline for the S&P 500 and a 2.4% drop for the Dow. In addition to the weekly losses, the market also notched a distribution day Wednesday. Meanwhile, oil prices have soared to new highs, renewing inflationary fears. But dig a little deeper and you’ll find a market showing fairly normal action during an uptrend. Even the strongest bull markets see an occasional down day in higher volume. After three straight weekly gains, stocks probably were due for a breather. Another good sign has been the action of leading stocks. Even during down days for the market, very few top-rated equities have shown major signs of damage. Leaders outperformed most of the major indexes, as the IBD 100 edged down 0.2%. For the week, the IBD 100 jumped 2.2%, buoyed by gains from leading energy stocks. A bigger-than-expected quarterly loss for insurance company AIGAIG

Friday’s action: Stocks pull back in light volume Current outlook: Market in confirmed rally Distribution days: 4 for S&P 500, 3 for Dow and NYSE composite, 2 for Nasdaq in recent weeks Leaders up in volume: FMC Corp.FMC Priceline.comPCLN ActivisionATVI FMC TechnologiesFTI National Oilwell VarcoNOV Leaders down in volume: Dril-QuipDRQ

sent that stock tumbling, pushing the Dow to the biggest loss among the broad indexes. AIG lost $7.81 billion and said it plans to raise $12.5 billion in the coming months. The stock plunged 9% in huge volume. The world’s largest insurer, like many other financial stocks, has taken a heavy hit from the fallout of the ailing credit market. Fellow Dow component CitigroupC dipped 3% after saying it hopes to shed more than $400 billion in assets and increase revenue by 9% annually over the next few years. Elsewhere, oil prices touched another all-time high. Crude climbed as high as $126.20 before closing at $125.96 a barrel, up $2.27. Oil jumped nearly $10 for the week. National Oilwell VarcoNOV gained 2.27 to 77.41 in volume 55% above average. The maker of components used to build oil-drilling rigs cleared a 75.93 buy point from a rebound off the 50-day moving average. This also could be interpreted as a handle. Either way, the stock is in a buying range up to 79.93. Fellow oil stock Swift EnergySFY picked up 2.76 to 55.63.

Company Earnings Reports

Symbol Industry

Curr Closing Qtr Price Erns

Prior Under Sales Rel Yr’s Qtr EPS /Over Sales % EPS Str Erns %Chg Est % (Mil) Chg Rtg Rtg

60 Ups Aceto Corp ACET Affirmative Insur AFFM Aircastle Ltd AYR Amer Reprographcs ARP Atrion Corporation ATRI Canadian Ntrl Res CNQ Cano Petroleum Inc CFW Cardium Therap CXM Carriage Services CSV Central VT Pub Svc CV Cinemark Holdings CNK Cogent Comm Grp CCOI Coleman Cable Inc CCIX Constant Contact Inc CTCT Cornell Companies CRN Cytori Therapeutics CYTX Dril Quip DRQ Eddie Bauer Hldings EBHI Enliven Marketing ENLV Exterran Partners Lp EXLP Fibernet Telecom Gp FTGX First Advantge Banc FABK GeoEye Inc GEOY Graphic Packaging GPK Gray TV Inc GTN Harris & Harris Grp TINY Hawp Corp Cl A HWK Hiland Holdings Gp HPGP Hooper Holmes HH Iomega IOM Jupitermedia JUPM Leap Wireless Intl LEAP M & F Worldwide MFW Meridian Resource TMR Nuvelo Inc NUVO Nyfix Inc NYFX O Y O Geospace OYOG Omega Protein OME P D L BioPharma Inc PDLI P H H Corporation PHH P H I Inc Voting PHII Patriot Capital Fndg PCAP Pharmos Corp PARS Pope Resources POPE Powersecure Intl Inc POWR Presstek Inc PRST Public Storage PSA Richmont Mines Inc RIC Rosetta Resources ROSE South Jersey Inds SJI Southern Union SUG Sparton SPA Sterling Constructn STRL StoneMor Partners STON Superior Industries SUP Telik Inc TELK Thomas Properties TPGI Transmontaigne Pt TLP Windstream Corp WIN Y M Biosciences Inc YMI

Chemicals-Specialty Insrnce-Prp/Cas/Titl Comml Svcs-Leasing Comml Svcs-Prntng Medical-Products Oil&Gascdn Expl Pro Oil&Gas-U S Expl Pro Medical-Genetics Funeral Svcs & Rel Utility-Elctric Pwr Leisre-Mvies & Rel Internet-Isp Elec-Cmpnent/Cntr Comml Svcs-Misc Coml Svcs-Scrty Medical-Products Oil&Gas-Mchnry/Eq Rtail-Clthing/Shoe Internet-Software Oil&Gas-Mchnry/Eq Telcom-Fibr Optcs Banks-Southeast Comml Svcs-Misc Paper & Paper Produc Media-Radio/Tv Fnce-Invsmnt Mgt Metal Proc & Fabrica Oil&Gas-Rfing/Mkt Mdical/Dntal-Srvcs Comptr-Data Strge Internet-Content Telecom-Wirlss Svcs Fnancial Srvcs-Misc Oil&Gas-U S Expl Pro Medical-Genetics Fnancial Srvcs-Misc Oil&Gas-Mchnry/Eq Food-Msc Prparation Medical-Biomed/Bth Comml Svcs-Leasing Oil&Gas-Field Servic Fnce-Invsmnt Mgt Medical-Biomed/Bth Agricultural Oprtions Elctricl-Equipmnt Mchnry-Gen Indstrl Finance-Reit Metal Ores-Gld/Silvr Oil&Gas-U S Expl Pro Utility-Gas Dstribtn Utility-Gas Dstribtn Elec-Contract Mfg Bldg-Heavy Constr Funeral Svcs & Rel Auto/Trck-Orgnl Eqp Medical-Biomed/Bth Real Estate Oprtions Oil&Gas-Trnsprt/Pip Telecom-Services Medical-Biomed/Bth

8.07 0.12 vs 0.07 8.38 0.30 vs 0.15 16.01 0.45 vs 0.35 19.18 0.41 vs 0.39 111.1 1.83 vs 1.59 93.90 1.61 vs 1.15 7.01 –0.05 vs–0.10 2.19 –0.16 vs–0.17 8.13 0.17 vs 0.16 22.50 0.56 vs 0.55 14.05 r0.05 vs–0.11 17.89 –0.17 vs–0.19 12.57 0.19 vs 0.17 16.78 0.01 vs–0.10 22.00 0.32 vs 0.17 5.56 –0.34 vs–0.43 59.54 0.62 vs 0.59 3.94 –0.63 vs–1.47 .79 –0.01 vs–0.03 28.04 0.38 vs 0.18 7.75 –0.08 vs–0.17 11.37 0.12 vs–0.01 18.93 0.02 vs–1.73 2.92 –0.01 vs–0.18 3.94 –0.08 vs–0.24 7.96 –0.14 vs–0.30 16.95 0.40 vs 0.20 26.71 0.04 vs 0.03 .81 –0.01 vs–0.02 3.83 r0.04 vs 0.02 2.17 –0.01 vs–0.02 54.48 –0.13 vs–0.23 35.07 0.67 vs 0.48 2.27 0.04 vs 0.02 .89 –0.27 vs–0.29 4.19 –0.12 vs–0.22 48.80 0.53 vs 0.52 13.90 r0.11 vs–0.14 9.15 0.23 vs 0.01 19.38 0.55 vs 0.27 35.50 0.43 vs 0.04 10.08 0.33 vs 0.30 .46 –0.14 vs–0.19 33.46 0.20 vs 0.18 10.10 0.11 vs 0.09 5.39 0.01 vs–0.03 86.26 2.41 vs–0.04 3.45 0.02 vs 0.01 23.70 0.54 vs 0.28 37.33 1.32 vs 1.30 25.45 0.64 vs 0.53 4.80 –0.05 vs–0.23 19.27 0.23 vs 0.21 18.88 0.04 vs–0.07 21.78 0.12 vs 0.08 2.05 –0.19 vs–0.28 8.14 r0.01 vs–0.02 30.37 0.53 vs 0.33 12.81 r0.27 vs 0.21 1.03 –0.07 vs–0.13

00 M O R E C O V E R A G E O N B 8 00 I N T R A D A Y M A R K E T U P D A T E S AVAILABLE SIX TIMES A DAY AT INVESTORS.COM/MARKETS

Company Name

IBD’s earnings reports feature stock symbols,industry groups, percent above or below consensus estimates, and EPS and Relative Strength Ratings. Earnings growth greater than 25%, a key characteristic of winning stocks, is boldfaced. The whole line is boldfaced when EPS growth is more than 25%, EPS Rating more than 85, and earnings are stronger than expected. Arrows indicate acceleration or deceleration in earnings or sales growth compared with the prior quarter. Data reported may be derived from 6-, 9- or 12-month reports. All earnings represent the current quarter. Foreign companies are not reported. Nonrecurring items may be excluded from earnings per share. Unique circumstances are taken into account for many industry groups. Sales may not apply for certain industries. Real estate investment trusts may reflect EPS or funds from operations.

Company Name

The exploration and production company won back much of the ground it lost Thursday, when quarterly earnings results fell short of consensus views. But Friday’s volume came in significantly lower, suggesting that it still has some work to do. Priceline.comPCLN soared 14.85 to 138.63 on more than four times its normal trade, hitting an eight-year high after reporting Q1 earnings. The online travel site topped earnings views on a 34% jump in sales. A jump in U.S. travel and promotional airline bookings fueled the surprise. The stock has notched several pullbacks to its 50-day moving average following a breakout from a cup-shaped base in February. FMC TechnologiesFTI rallied 3.59 to a new high of 77.85 on more than double its typical turnover. In late April, the diversified firm delivered a 40% rise in Q1 profit, topping views. Sales grew 32%, the best in many quarters. The company recently filed plans with regulators to spin off its food processing and air transportation units into a new company. The stock cleared a high handle at the top of a cup-shaped pattern Thursday. FMC Corp.FMC advanced 2.19 to an all-time high of 67.22 on 2 1/2 times its usual trade. That puts the chemical maker 12% past a 59.96 buy point from a high handle. The Philadelphia-based firm is expected to grow its earnings by 28% this year, up from 13% in 2007. On the downside, TransoceanRIG slid 3.64 to 153.66 in rapid volume. The drop came in spite of Friedman, Billings, Ramsey raising the stock’s price target 10 points to 182.

+71.4 +100a +28.6` +5.1a +15.1` +40.0a .. .. +6.3a +1.8 +145 .. +11.8a +110 +88.2` .. +5.1a .. .. +111` .. +1300 +101 .. .. .. +100a +33.3 .. +100` .. .. +39.6a +100 .. .. +1.9 +179a +2200 +104a +975` +10.0a .. +11.1 +22.2a +133 +6125` +100 +92.9` +1.5 +20.8 .. +9.5a +157 +50.0a .. +150 +60.6a +28.6` ..

+140 +25 0.0 +11 .. +39 .. .. .. .. –29 .. 0.0 .. +3.2 .. –10 .. .. –5.0 .. .. –97 .. .. .. +48 –69 .. –20 .. .. .. 0.0 .. .. –1.9 –21 +283 +112 .. +6.5 .. .. –15 .. +94 –33 +38 +19 +4.9 .. –26 –60 +33 .. .. +20 +8.0 ..

98.3 +29` 121 +9.6a 135 +93a 187 +17a 24.6 +6.8 3518 +28` 11.7 +98` 0.7 +110` 47.1 +11a 91.2 +5.2` 401 +6.1` 52.1 +19a 253 +131a 18.2 +87a 95.4 +6.4 1.0 +191 132 +13` 213 –0.3 4.4 +33a 35.3 +101a 13.6 +17a 4.7 +26` 34.4 –6.5 724 +24` 71.0 +1.9 0.6 –11 65.8 +21` 91.5 +50` 59.1 –5.2 95.9 +26a 34.5 –0.6 468 +19a 472 +147a 38.5 –5.0 0.1 –93 31.4 +13a 36.4 +14 36.1 +16a 57.3 –2.6 642 +7.7 120 +14a 11.3 +25a .... .. 6.3 –6.6 33.6 +32` 52.4 –20 463 +6.7a 15.0 +46` 128 +69` 348 –5.5 953 +22` 58.1 +22` 84.9 +23a 43.4 +42` 222 –9.3 .... .. 23.6 +6.0` 33.8 +3.4a 812 +3.6` 1.8 –11

52 70 56 80 81 91 39 34 51 32 33 33 88 34 82 16 82 26 21 36 46 50 44 53 22 58 70 67 49 36 20 45 93 46 34 37 62 74 43 74 91 87 34 68 94 28 74 50 67 53 75 25 72 33 70 36 30 79 78 41

77 19 8 77 64 95 91 31 71 17 36 31 34 20 71 63 91 6 29 31 50 74 17 25 6 34 87 72 4 81 6 87 23 85 5 30 21 98 17 31 87 29 17 30 24 52 85 76 92 74 34 29 38 32 83 11 13 63 63 32

Symbol Industry

EPS Rel Acc 52-Wk Stock Closing Vol Vol% Stock Closing Vol Vol% Symbol Price Chg (1000s) Chg 6 Rnk Str Dis High Nasdaq Stock Symbol Price Chg (1000s) Chg

EPS Rel Acc 52-Wk 6 Rnk Str Dis High NYSE Stock

89 91 72 B+ 99 74 98 A 95 83 96 B 77 70 83 A– 99 97 98 B– 91 85 97 B– 98 98 95 B– 99 99 99 A+ 97 93 89 B– 99 94 94 C+ 99 98 94 C+ 97 92 94 B 98 97 93 B+

66.94 49.45 65.03 24.52 74.59 26.77 82.00 53.40 51.14 53.83 57.51 124.5 28.25

Harris o Sandrdge n o FMC o SuperrIn o FMC Tech o BaytexE NatlOilVr o ContlRes n o Hornbeck o Cameron o SwiftErgy o SuncrErgy o EnerSys

27 36 27 D– 61 99 22 D– 94 88 89 B+ 19 47 13 D 7 29 14 D+ 96 82 91 A– 61 79 39 D– 45 80 37 D– 73 77 64 B– 89 98 85 A 34 84 14 D 57 69 27 B– 85 60 79 B 32 66 4 D– 56 71 38 D 65 84 45 D 83 78 82 B– 47 64 53 B+ 71 75 34 A– 76 3 95 B+ 93 92 86 A– 72 42 88 B 27 43 14 E 83 81 76 B– 54 21 49 A– 94 70 90 A– 99 98 94 B– 99 84 98 B+ 87 81 91 D+ 74 72 86 B– 89 64 86 B– 70 30 81 B+ 97 97 85 C+

35.32 58.02 57.93 42.50 72.97 63.49 91.48 49.04 44.36 24.38 61.40 32.35 69.26 65.98 33.40 32.93 55.30 39.23 35.50 41.14 27.04 49.52 78.68 120.9 71.70 44.85 162.4 56.97 72.14 43.00 143.3 31.00 155.5

NoWestCp NWE 23.78 PAC 36.86 GpAerPac ORA 49.72 OrmatTch o FFG 22.99 FBL Fncl AmerIntlGp o AIG 40.28 Dril Quip o DRQ 59.54 ZMH 69.30 Zimmer o SanofAvt o SNY 36.45 SCG 39.40 Scana MC 22.41 Matsus o Sothebys o BID 24.91 BMY 21.71 BrstMySq o RAH 59.80 Ralcorp o Tesoro o TSO 21.96 CXW 24.59 CorrecCp GeoGroup GEO 24.11 BostnBeer SAM 41.79 Steinwy Mus LVB 26.86 SUG 25.45 SouthnUn o GDP 36.44 GoodrPet o FlowrsFds FLO 25.44 Covidien n o COV 48.79 VLO 44.56 ValeroEn o ATK 111.0 AllintTch o IHP 49.29 IHOP o Repsol o REP 40.95 RIG 153.7 Transocn o EncoreAcq o EAC 54.71 FCN 60.77 FTI Cnslt o HEW 38.91 HewittAs SthnCopp o PCU 111.7 AGO 24.80 AssrdGty o CLB 126.2 Core Labs o

Curr Closing Qtr Price Erns

HRS SD FMC SUP FTI BTE NOV CLR HOS CAM SFY SU ENS

56.93 50.23 67.22 21.78 77.85 27.25 77.41 53.18 48.04 51.76 55.63 124.9 26.64

96 90 91 A 96 98 98 B 86 74 98 C+ 97 74 95 B+ 97 76 99 A 99 99 95 A– 95 74 99 A 81 74 79 C+ 91 74 97 B+ 99 99 98 B+ 97 74 99 A 97 82 89 B 99 88 98 B– 92 74 94 A –0.89 2,311 +848 87 84 90 B– –3.18 1,461 +468 97 90 97 A– –3.72 1,386 +466 –4.43 349 +343 34 44 17 D– –3.87 83,166 +310 32 33 31 A– –1.38 2,933 +282 56 82 27 D– –1.90 7,087 +261 27 20 14 C –2.31 4,807 +257 92 40 98 A– –0.85 2,468 +215 23 45 12 D– –0.65 1,394 +206 61 66 38 C+ –2.56 6,411 +154 80 47 97 B– –1.08 28,812 +118 62 99 14 D+ –2.24 513 +117 27 34 20 D+ –1.27 13,098 +111 94 89 94 A –0.64 1,440 +110 45 74 42 C –0.75 843 +102 67 93 24 B– –0.55 306 +62 56 16 41 B+ –1.82 120 +56 82 73 84 B+ –0.59 1,531 +56 69 46 66 B –1.16 1,248 +53 46 59 20 C+ –0.50 927 +52 69 75 56 C+ –0.62 3,593 +52 64 74 36 C+ –1.71 15,157 +48 82 69 39 B –1.07 327 +45 45 63 26 B+ –0.62 472 +44 99 98 97 A– –0.50 1,672 +44 63 72 34 C –3.64 8,869 +43 55 71 34 D– –2.08 1,338 +43 97 85 94 A+ –0.97 1,348 +39 87 66 92 A– –0.50 1,030 +38 81 81 56 D –4.52 2,634 +36 90 97 77 D+ –0.59 2,175 +35 54 71 30 C –2.55 271 +34 70 98 19 D +2.52 +0.78 +2.19 +2.04 +3.59 +0.94 +2.27 +0.84 +0.61 +1.29 +2.76 +0.86 +0.57

3,527 2,495 1,971 877 4,270 417 9,628 1,586 1,004 4,428 710 3,399 507

+286 +161 +149 +147 +135 +73 +54 +45 +45 +24 +23 +22 +17

Prior Under Sales Rel Yr’s Qtr EPS /Over Sales % EPS Str Erns %Chg Est % (Mil) Chg Rtg Rtg Company Name

93 Downs Access Plans USA AUSA Mdical/Dntal-Srvcs Affymax Inc AFFY Medical-Biomed/Bth Amer Mortgage Acpt AMC Finance-Reit American Lnd Lease ANL Finance-Reit American Pacific APFC Chemicals-Specialty American Technlgy ATCO Houshld-Cnsmer Elc Anesiva Inc ANSV Medical-Genetics Arabian American ARSD Oil&Gas-Rfing/Mkt Ardea Biosciences RDEA Medical-Biomed/Bth B P Z Resources Inc BZP Oil&Gas-U S Expl Pro B R T Realty Trust BRT Finance-Reit Beacon Power BCON Energy-Other Beacon Roofing Sup BECN Retl Whsle Bldg Prds Biodel Inc BIOD Medical-Biomed/Bth Bionovo Inc BNVI Medical-Ethical Drgs Biosante Pharma BPAX Medical-Biomed/Bth Bronco Drilling Co BRNC Oil&Gas-Drilling CapLease Inc LSE Finance-Reit Captaris CAPA Comptr Sftwr-Entr Cheniere Energy LNG Oil&Gas-U S Expl Pro Cheniere Engy Prtnr CQP Oil&Gas-Rfing/Mkt Chicago Rivt & Mach CVR Metal Prds-Fstners Citizens First Bncp CTZN Financ-Svings & Lo Claude Resources CGR Metal Ores-Gld/Silvr Clear Channel Outdr CCO Coml Svcs-Advrtsng Clear Chnl Com CCU Media-Diversified Collectors Unv CLCT Leisure-Services Cyclacel Group Plc CYCC Medical-Biomed/Bth Datatrak Intl Inc DATA Comptr Sftwr-Mdcl Diamond Hill Inv Grp DHIL Fnce-Invsmnt Mgt HILL Comptr-Data Strge Dot Hill Systems Draxis Health Inc DRAX Medical-Ethical Drgs Enerplus Resources ERF Oil&Gascdn Expl Pro Entertainment Dist EDCI Leisre-Mvies & Rel Farmer Brothers FARM Retail/Whlsle-Food FiberTower Corp FTWR Telecom-Wirlss Svcs First Independ Finl FIFG Financ-Svings & Lo First United Corp FUNC Banks-Northeast Gatehouse Media GHS Media-Newspapers Genaera Corp GENR Medical-Biomed/Bth Gencor Industries GENC Mchnry-Gen Indstrl GenTek Inc GETI Chemicals-Specialty Hiland Partners L P HLND Oil&Gas-Trnsprt/Pip Hilltop Hldgs Inc HTH Finance-Reit Huntsman Corp HUN Chemicals-Basic Intergroup Corp INTG Real Estate Oprtions Investors Title ITIC Insrnce-Prp/Cas/Titl Kent Finl Svcs KENT Fnce-Invsmnt Mgt Kodiak Oil & Gas KOG Oil&Gas-U S Expl Pro Landrys Restaurnts LNY Retail-Restaurants LUK Dvrsified Oprtions Leucadia Natl Limelight Networks LLNW Intrnet-Ntwrk Sltns Mannatech Inc MTEX Cosmetics/Persnl Cre Marlin Business Svc MRLN Comml Svcs-Leasing Middleburg Financl MBRG Banks-Southeast Moneygram Intl MGI Fnancial Srvcs-Misc Monmouth REIT MNRTAFinance-Reit North Central Bsh FFFD Financ-Svings & Lo Novavax NVAX Medical-Biomed/Bth Oak Ridge Financial BKOR Banks-Southeast Omni Energy Svcs OMNI Oil&Gas-Field Servic Omrix Biopharma OMRI Medical-Biomed/Bth Origen Financial Inc ORGN Finance-Reit Osiris Therapeutics OSIR Medical-Biomed/Bth Par Pharmaceut PRX Medical-Generc Drgs Pico Holdings Inc PICO Dvrsified Oprtions PMC Commercial PCC Finance-Reit Preformed Line Prds PLPC Telecom-Equipment Progenics Pharma PGNX Medical-Biomed/Bth Quadramed Corp QD Comptr Sftwr-Mdcl Quest Capital Corp QCC Fincecnsmer/Cml Lns Rentech Inc RTK Energy-Other Repros Therapeutcs RPRX Medical-Biomed/Bth Resource America REXI Fnce-Invsmnt Mgt Rex Energy Corp REXX Oil&Gas-U S Expl Pro Sanders Morris Hars SMHG Invstmnt Bankers SCPIE Hldgs SKP Insrnce-Prp/Cas/Titl

SMARTSELECT ® COMPOSITE RATING

SMARTSELECT ® COMPOSITE RATING

.80 –0.05 vs–0.02 13.75 –1.03 vs–0.48 1.21 –0.02 vs 0.20 19.61 0.04 vs 0.16 16.57 0.22 vs 0.23 1.93 –0.07 vs–0.03 3.49 –0.54 vs–0.43 6.32 0.06 vs 0.20 13.87 –0.93 vs–0.37 23.67 –0.10 vs–0.05 14.17 –0.09 vs 1.88 1.12 –0.06 vs–0.05 11.17 –0.18 vs–0.14 15.65 –0.43 vs–0.26 1.06 –0.05 vs–0.05 3.56 –0.13 vs–0.08 17.30 r0.31 vs 0.44 8.22 –0.01 vs–0.01 4.75r–0.25 vs–0.01 5.34 –1.06 vs–0.63 9.85 –0.09 vs–0.08 24.20 0.03 vs 0.32 7.29 0.21 vs 0.29 .99 –0.02 vs–0.02 18.05 0.04 vs 0.05 30.00 0.19 vs 0.19 9.97 –0.11 vs–0.01 2.53 –0.31 vs–0.27 .62 –0.16 vs–0.16 93.00 0.82 vs 0.91 2.80 –0.15 vs–0.13 5.96 –0.03 vs 0.03 47.93 0.82 vs 0.87 .49 –0.11 vs–0.10 22.59 –0.19 vs 0.11 1.89 –0.20 vs–0.18 15.88 –0.05 vs 0.06 18.70 0.51 vs 0.51 4.96r–0.47 vs–0.16 1.47 –0.24 vs–0.24 31.85 0.14 vs 1.08 31.66 r0.13 vs 0.38 50.75 –0.05 vs 0.15 10.21 –0.17 vs–0.07 22.65 0.07 vs 0.25 18.00 –0.84 vs–0.12 46.81 0.87 vs 0.92 1.77 –0.02 vs–0.02 3.22 –0.03 vs–0.01 15.02 0.34 vs 0.45 52.77 –0.43 vs 0.04 2.78 –0.02 vs 0.03 6.42 –0.09 vs 0.26 6.12 0.11 vs 0.41 23.44 0.03 vs 0.47 1.84 –4.40 vs 0.35 7.60 –0.01 vs 0.04 28.80 0.60 vs 0.75 2.71 –0.12 vs–0.12 9.80 0.03 vs 0.09 4.82 –0.08 vs 0.15 13.58 0.12 vs 0.20 2.02 –0.98 vs 0.07 12.67 –0.60 vs–0.37 18.12 0.17 vs 0.80 35.00 –0.09 vs 0.03 7.32 r0.28 vs 0.28 46.56 0.54 vs 0.58 12.42 –0.52 vs–0.40 1.90 0.01 vs 0.04 2.16 0.05 vs 0.05 1.24r–0.13 vs–0.12 8.83 –0.52 vs–0.31 8.91 0.24 vs 0.31 23.98 –0.23 vs–0.06 8.20 –0.08 vs 0.11 27.81 0.33 vs 0.38

.. .. .. –75.0 –4.3 .. .. –70.0 .. .. .. .. .. .. .. .. –29.6 .. .. .. .. –90.6 –27.6 .. –20.0 0.0 .. .. .. –9.9 .. .. –5.8 .. .. .. .. 0.0 .. .. –87.0 –65.8 .. .. –72.0 .. –5.4 .. .. –24.4 .. .. .. –73.2 –93.6 .. .. –20.0 .. –66.7 .. –40.0 .. .. –78.8 .. 0.0 –6.9 .. –75.0 0.0 .. .. –22.6 .. .. –13.2

.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. +15 .. .. .. .. .. .. .. –20 –9.5 .. .. .. .. .. .. –19 .. .. .. .. –16 .. .. .. .. .. .. –68 .. +12 .. .. –5.6 .. .. .. –54 –91 .. .. .. .. .. .. –14 .. .. +31 .. .. .. .. .. –17 .. .. .. .. .. ..

10.6 +27a 16.7 +128` 10.7 –14 14.1 –20 48.4 +11a 2.0 –9.3 .... .. 31.2 +32a 0.3 –71 4.4 .. 5.3 –52 .... –95 304 +6.0` .... .. .... .. 0.1 +20 67.0 –15 46.5 +32a 27.9 +36` 1.5 .. .... .. 8.4 –15 .... .. 8.8 +39a 776 +12a 1564 +3.9` 10.9 –1.6 0.2 +260 2.1 –41 10.9 +16 52.8 –1.1 19.1 –8.7 341 +13 83.1 –1.1 67.3 +24a 9.7 +79a 5.5 –8.5 28.2 +19a 169 +78` 1.3 +524 24.6 –7.3 151 –2.3 91.5 +50` 19.2 –3.5 2540 +13a 12.1 +16a 20.9 +2.6 0.2 –35 2.0 –8.4 295 +4.0` 325 +65` 30.2 +29a 91.5 –13 30.3 +5.5a .... .. 17.1 –95 9.8 +40a 9.2 0.0 0.5 0.0 5.2 +21a 41.0 +5.3a 17.7 +25` 4.1 –84 0.4 +29a 155 –34 4.5 –43 6.4 –4.2 64.7 +14a 14.8 –16 35.3 +21a 11.3 –16 28.5 +69` 0.3 –16 50.4 +56a 18.4 +40` 44.8 –1.5 33.5 –5.1

14 2 22 6 45 10 14 28 2 10 29 15 32 3 5 12 47 25 3 3 19 71 26 30 82 60 8 14 28 80 18 16 36 15 22 9 22 65 8 12 95 75 50 23 25 23 34 15 9 35 15 22 49 38 26 20 24 26 18 69 40 7 57 5 10 13 29 61 5 18 48 10 40 59 2 15 33

14 9 2 40 79 19 10 39 98 99 28 41 81 61 5 21 86 41 88 1 7 72 4 18 16 42 21 5 1 90 30 96 87 7 70 24 87 47 4 10 99 76 69 46 60 61 85 33 89 10 92 2 22 4 35 1 47 27 32 66 40 5 4 69 38 45 10 57 11 26 34 19 29 8 99 25 85

Seabridge Gold Sothebys Storm Cat Energy Three D Systems TierOne Triarc Cos Inc Cl A U M H Properties Inc U S Global Invtrs Unisource Energy Unitd Securty Bncsh Vaalco Energy Inc Vicon Inds Inc Westar Energy Inc Westmoreland Coal Wizzard Software Zareba Systems Inc

23.74 135.0 29.79 19.50 18.75 44.00 18.10 37.35 41.00 71.15 73.84 21.98 72.16 37.00 59.27 42.62

TrueRelig o Priceline o Ricks Cabrt A–Power n Geores GMX Resrcs o VsnChina n o AlnylamPh o Biomarin o TBSIntlA o ClayWEgy MitchmInd Carrizo o PerfectW n o Sina Corp o Gulf Isl

37.37 34.90 69.46 34.36 50.08 61.66 26.19 33.41 68.40 30.76 29.94 26.51 31.45 100.1 60.48 20.02 31.00 48.83 42.00 57.58 34.61 60.29 59.50 34.20 28.09 47.73 52.67 50.47 39.90 36.44

GeoEye o CogentC o AdvsrBrd ICF Intl EnergyCnv o Orthofix Intl Sonic o AmSprcnd o HansenNat o CnstantC n InterPrfm AirMedia n o GpArCN HaynsInt n o BOK Fnl WarnerCh o OldSecBc Rofin–Sinar o ComScore n o ATP O&G o Calamos T–3 Engy o Air Methods o TaleoA o DorchMn NW Pipe Andersons o NasdaqOMX o SironaDen o Hologic o

TRLG PCLN RICK APWR GEOI GMXR VISN ALNY BMRN TBSI CWEI MIND CRZO PWRD SINA GIFI GEOY CCOI ABCO ICFI ENER OFIX SONC AMSC HANS CTCT IPAR AMCN OMAB HAYN BOKF WCRX OSBC RSTI SCOR ATPG CLMS TTES AIRM TLEO DMLP NWPX ANDE NDAQ SIRO HOLX

Symbol Industry

Curr Closing Qtr Price Erns

SA BID SCU TDSC TONE TRY UMH GROW UNS USBI EGY VII WR WLB WZE ZRBA

21.55 –0.02 vs–0.02 24.91 –0.19 vs 0.25 1.27 –0.04 vs–0.02 8.64r–0.17 vs–0.16 7.42 –1.11 vs 0.55 6.29r–0.73 vs 0.07 9.75 –0.03 vs 0.08 12.78 0.14 vs 0.17 31.81 –0.07 vs 0.14 16.58 0.31 vs 0.49 6.80 0.03 vs 0.08 5.04 0.04 vs 0.16 23.52 0.22 vs 0.34 15.00r–1.21 vs 0.75 2.10 –0.06 vs–0.05 2.96 –0.20 vs 0.02

Metal Ores-Gld/Silvr Retail-Misc Oil&Gas-Intl Expl Pr Mchnry-Mtl Hdlg Financ-Svings & Lo Retail-Restaurants Finance-Reit Fnce-Invsmnt Mgt Utility-Elctric Pwr Banks-Southeast Oil&Gas-Intl Expl Pr Coml Svcs-Scrty Utility-Elctric Pwr Energy-Other Comptr Sftwr-Entr Elec-Misc Products

22.27 138.6 22.14 20.05 20.03 42.17 17.61 27.67 39.00 49.70 75.32 20.23 72.09 30.88 48.00 43.49

+2.76 +14.9 +2.58 +1.22 +1.30 +1.04 +1.41 +2.28 +1.49 +2.90 +4.55 +0.61 +0.62 +0.77 +1.61 +1.59

5,014 5,928 1,028 736 135 461 599 1,136 2,965 991 97 123 548 668 1,424 177

+942 +325 +287 +211 +87 +83 +82 +72 +62 +37 +34 +31 +31 +22 +20 +18

18.93 17.89 45.85 16.67 47.74 33.13 19.99 29.86 28.60 16.78 27.03 17.99 19.84 59.98 58.67 16.80 21.17 35.98 21.42 37.88 18.95 58.83 38.12 17.28 27.49 46.18 42.81 38.31 27.04 22.18

–3.05 –4.79 –1.42 –1.18 –2.17 –4.64 –2.14 –2.91 –1.54 –0.74 –0.97 –0.91 –0.95 –1.82 –0.50 –0.71 –0.67 –1.04 –0.52 –0.63 –0.98 –0.90 –0.57 –0.77 –0.51 –0.90 –1.57 –0.84 –0.99 –0.51

3,175 6,547 1,233 579 7,087 1,263 3,151 2,157 9,339 444 402 464 348 314 270 896 111 670 502 1,400 431 322 391 365 111 141 300 3,952 510 9,545

+876 +785 +446 +379 +336 +299 +290 +234 +220 +194 +160 +131 +130 +110 +100 +90 +85 +79 +71 +69 +61 +60 +56 +53 +49 +47 +45 +44 +43 +41

Prior Under Sales Rel Yr’s Qtr EPS /Over Sales % EPS Str Erns %Chg Est % (Mil) Chg Rtg Rtg

.. .. .. .. .. .. .. –17.6 .. –36.7 –62.5 –75.0 –35.3 .. .. ..

.. .. .. .. .. .. .. .. .. .. –84 .. –29 .. .. ..

.... .. 129 –12 6.0 +54` 31.8 –14 59.5 –9.4 303 +0.3 8.3 –5.5 12.3 –1.4 330 +3.9a 14.8 –9.3 42.2 +45a 15.3 –9.2 407 +9.9a 132 +5.2` 1.7 +129` 7.1 –19

29 84 2 32 22 43 18 64 61 7 29 4 30 7 3 12

41 14 97 5 2 7 24 12 75 23 97 6 44 27 18 7

Weekly Stocks On The Move Stocks with heavy weekly volume vs. their 50-day average weekly volume. Stocks $20 or more, with at least } point change, and avg. volume of 60,000 and greater. For stocks up in price, EPS & RS Ratings are 70 or higher and annual earnings estimate 15%+. Includes stocks without estimates. Stocks with 80 EPS and 80 RS or better are boldfaced. SMARTSELECT ® COMPOSITE RATING Rel Grp Acc 52-Wk 6 | EPS | Str | Rtg | Dis | High | Stock Name

90 74 87 A– B– 96 90 91 B+ A 98 97 96 B A– 99 95 99 A+ A+ 93 81 98 A+ B+ 94 71 95 A– B+ 97 74 95 A+ B+ 99 95 97 A+ A– 93 73 94 B+ A– 93 98 75 C B 99 99 99 A+ A+ 92 94 82 C B 97 76 99 A+ A 98 83 98 A+ A 86 74 98 D C+ 85 87 86 D+ B 93 96 91 C– B 90 94 87 E B 97 85 94 A+ A+ 96 98 98 B+ B 91 97 96 A B 99 84 98 A+ B+ 99 98 94 A+ C+ 96 74 98 B+ A– 98 82 99 A+ B+ 98 80 96 A+ A+ 99 82 98 A+ A+ 94 97 91 B C 87 92 74 D B+ 96 79 99 A+ A 99 74 99 A+ A+ 97 74 99 A+ A 98 84 97 A+ B– 89 91 72 C+ B+ 85 90 88 D+ A– 99 97 96 A+ A– 97 93 89 A+ B– 89 88 87 B B 95 97 94 A– A+ 98 97 93 B+ B+ 96 82 91 A A– 95 83 96 A B 99 74 98 A+ A 97 80 95 A+ B+ 87 75 91 B+ B– 99 80 97 A– B+

Stock Closing WeekPrice PE Float WeekVol WeekVol% | Symbol | Price | Chg | Ratio | (mil) | (1000s) | Chg

34.94 Rubicon Technology RBCN 23.31 23.74 True Religion Apprl o TRLG 22.27 21.82 Syniverse Holdings o SVR 20.98 32.88 Gencor Industries GENC 31.85 26.81 Petrohawk Energy o HK 26.41 35.54 Eagle Bulk Shipping o EGLE 33.29 19.50 A–power Engy Gen APWR 20.05 38.07 Sun Hydraulics o SNHY 37.05 49.95 Powell Industries POWL 49.46 30.91 L M I Aerospace Inc LMIA 21.23 53.40 Continental Res Inc o CLR 53.18 51.60 TransDigm Group o TDG 42.55 GEOI 20.03 18.75 Georesources Inc 56.36 Comstock Resource o CRK 53.99 29.79 Ricks Cabart Intl Inc RICK 22.14 33.42 Quanta Svcs o PWR 27.86 85.50 Morningstar Inc o MORN 73.90 41.23 WMS Industries o WMS 38.74 28.09 Dorchester Minerals DMLP 27.49 135.0 Priceline.com o PCLN 138.63 51.95 Koppers Holdings KOP 48.55 56.97 Encore Acquisition o EAC 54.71 57.51 Swift Energy o SFY 55.63 81.17 Mercadolibre Inc o MELI 54.02 71.25 Stone Energy o SGY 67.79 73.33 Unit Corp o UNT 72.69 23.57 Approach Resource AREX 22.23 45.19 Mindray Medicl Ads o MR 38.97 DIS 34.30 36.09 Walt Disney o 59.89 Alpha Natural Res o ANR 58.46 31.49 Mcmoran Explration o MMR 30.80 73.84 Clayton Wil Egy CWEI 75.32 52.50 Oil States Intl o OIS 53.33 HRS 56.93 66.94 Harris o 38.25 Aecom Technology o ACM 29.59 97.08 Noble Energy Inc o NBL 96.50 51.14 Hornbeck Offshore o HOS 48.04 37.06 Transalta TAC 35.02 81.99 Excel Maritime Car o EXM 45.15 ENS 26.64 28.25 Enersys 63.49 Dril Quip o DRQ 59.54 65.03 FMC o FMC 67.22 49.45 Sandridge Energy o SD 50.23 32.46 Mariner Energy Inc o ME 31.26 57.74 Molson Coors Brw B o TAP 56.00 80.10 Genco Shipp & Trad o GNK 75.26

+0.75 +3.02 +4.58 +1.90 +3.30 +1.65 +3.69 +6.39 +7.87 +0.55 +9.35 +3.79 +5.09 +7.80 +3.34 +1.17 +2.06 +2.63 +1.96 +12.3 +0.60 +8.73 +5.23 +4.03 +7.46 +9.09 +2.01 +3.70 +0.81 +7.93 +3.09 +9.08 +4.04 +4.10 +0.70 +9.75 +1.82 +1.53 +2.03 +2.18 +2.19 +5.01 +3.59 +4.13 +2.50 +2.03

71 17 19 10 40 25 28 26 37 16 33 18 63 25 24 38 44 36 16 31 16 20 9 257 10 12 34 45 16 112 ... 34 13 18 25 15 13 23 11 22 23 20 98 15 19 18

8.0 14 51 3.7 180 46 21 11 7.3 8.5 30 31 7.4 43 5.2 168 15 44 25 31 20 49 30 37 28 44 6.0 33 1.8b 70 30 5.4 49 133 93 167 23 201 20 25 31 73 97 86 142 28

3,667 6,780 9,567 954 36,287 7,304 2,395 1,402 683 643 10,049 2,869 639 7,261 2,305 17,095 1,957 9,208 615 10,792 2,220 7,132 4,387 8,532 5,198 4,690 552 5,645 84,906 22,276 7,962 498 5,575 6,108 4,259 12,329 4,609 565 8,024 2,831 4,999 5,136 6,152 6,319 7,941 5,028

+191 +182 +159 +140 +120 +109 +103 +100 +93 +88 +84 +79 +77 +75 +74 +73 +73 +67 +64 +55 +53 +52 +52 +51 +50 +47 +41 +41 +40 +40 +39 +38 +35 +34 +34 +33 +33 +32 +31 +31 +30 +30 +29 +28 +28 +28


B8

MONDAY, MAY 12, 2008

HOW'S THE MARKET?

INVESTORS.COM

IBD’s 197 Industry Sub-Group Rankings Ranked 1 to 197 on 6-month price performance. Day’s top 10 performers are boldfaced; worst 10 underlined. Rank 3 6 7 This Wks Wks Mo Industry Wk| Ago |Ago| Ago| Name

Rank Subgroup%Chg Daily 3 6 7 Comp. Since % This Wks Wks Mo Industry |Rating | Jan1 |Chg Wk| Ago |Ago| Ago| Name

1 1 1 51 Oil&Gas–USExplPro 2 4 2 17 Steel–Producers 3 5 14 29 Energy–Other 4 3 5 1 Chemicals–Fertilizers 5 2 4 6 Machinery–Farm 6 6 9 63 Oil&Gas–Drilling 7 43 35 138 MetalPrds–Distribtr 8 25 42 134 Transportation–Svcs 9 14 18 45 Mchinry–Cnstr/Mng 10 12 7 142 Transportation–Rail 11 7 3 197 Bldg–Rsidnt/Comml 12 8 10 94 Bldg–A/C&HeatingP 13 18 26 15 Mchnry–GenIndstrl 14 19 21 26 MetalProc&Fabrica 15 27 12 187 Trnsportation–Trck 16 11 38 19 Oil&Gas–FieldServic 17 17112 11 Oil&Gas–Mchnry/Eq 18 15 33 88 Oil&GascdnExplPro 19 10 6 90 Oil&Gas–USRoyalty 20 23 43 192 Medcal–Hospitals 21 16 19 189 Leisr–Tys/Gms/Hbby 22 28 23 36 Chemicals–Basic 23 33 59 24 Oil&Gas–IntlIntegra 24 30 17 61 Food–MeatProducts 25 62 50 195 Rtail–HmeFrnshngs 26 9 15 5 MetalOres 27 38 63 123 Retail–MjrDscChns 28 13 20 38 Chemicals–Specialty 29 41 22 16 Elec–MilitarySystems 30 42 86 13 Oil&Gas–IntlExplPr 31 46 56 71 Cmpter–TechSrvcs 32 55 83 118 Food–Flour&Grain 33 22 27 113 Containers 34 49 40 99 CmptrSftwr–Edu 35 24 24 44 AgriculturalOprtions 36 20 25 174 Media–Periodicals 37 44 98 124 Elec–Cmpnent/Cntr 38 39 44 87 PollutnCntrl–Eqp 39 121 143 7 Comptr–Manufctrs 40 138 153 186 Retail–Discnt&Vari 41 140 128 21 Transportation–Ship 42 36 84 165 RetlWhsleBldgPrds 43 53 46 74 FnancialSrvcs–Misc 44 29 68 49 Oil&Gas–CdnIntgrt 45 31 29 65 Mchnry–MtlHdlg 46 26 13 48 PollutionCntrl–Svcs 47 47 55 161 Rtail–Clthing/Shoe 48 113 144 35 Elec–SmicondctrMfg 49 77 93 168 Apprel–ClthingMfg 50 64 48 39 Beverages–Alcoholic 51 116 100 41 Elctricl–Equipmnt 52 112 149 70 CompterSftwr–Dsgn 53 90 140 120 Auto/Trck–Tirs&M 54 59 72 159 Finance–Reit 55 52 110 3 Internet–ECommerce 56 35 31 81 Food–MscPrparation 57 117 80 131 Food–Confectionery 58 34 54 135 Utility–GasDstribtn 59 92 62 47 Medical–Biomed/Bth 60 65 41 28 Mdical/Dntal–Srvcs 61 40 30 140 Banks–Northeast 62 94 131 46 Machnry–Tools&Re 63 32 32 84 Medical–GenercDrgs 64 21 8 20 MetalOres–Gld/Silvr 65 58 87 146 Oil&Gas–USIntgrt 66 73 96 104 Elec–SemicndctrEqp

96 92 91 98 87 94 .. 93 96 93 56 77 93 87 78 91 95 83 86 .. 76 85 93 88 71 86 86 87 94 .. 89 .. 80 86 96 72 85 .. .. .. 88 75 82 .. 85 86 77 86 77 86 87 89 .. .. 81 81 .. 73 82 82 69 .. 76 79 .. 71

+29.0–0.2 +35.5–1.3 +5.6+1.3 +8.9–0.5 +6.8+0.3 +14.5–0.2 +4.9–0.8 +10.4–0.8 +15.2+0.2 +26.4–0.7 +14.6–1.9 +6.5–0.3 +11.4+1.8 +2.3+0.1 +9.0–0.9 +9.5+1.0 +4.5+1.2 +26.9+0.7 +18.8+1.1 +7.1+2.0 +4.6+1.3 +9.3–0.1 –4.2–0.7 +9.0–0.7 +5.6+1.0 +14.5 –1.3 +0.7+0.6 +0.3–0.2 +7.0+0.1 +15.0 –0.5 –3.0–0.3 +5.6–1.8 +1.9+0.2 –8.5+0.4 +0.9–0.3 –6.9–0.7 –5.4–0.5 –1.5+0.5 –7.6–0.3 +22.8 +2.2 +7.8+0.6 +5.1+0.2 –16.1 –0.9 +10.3 +0.6 –4.8–1.8 +2.9 0.0 –2.4+0.8 –11.9 –0.2 +0.9+0.4 –0.9–0.6 –11.1 –0.8 –5.7–0.3 +2.5+0.1 +1.6–0.4 –11.1 +2.2 –5.2–0.7 +6.5 0.0 +0.4–0.1 –12.2 +0.1 –11.4 +0.5 –1.4–0.3 +0.7–0.1 –8.8+0.3 –3.5+0.2 +0.4–0.2 –12.3 –0.4

67 87 70 181 68 93 121 173 69 190 197 156 70 89 77 121 71 78 47 143 72 48 74 111 73 80 58 109 74 79 28 10 75 69 85 64 76 83 76 178 77 63 37 22 78 57 39 85 79 82 71 18 80 37 16 150 81 100 82 23 82 61 51 14 83 147 183 32 84 51 36 43 85 124 92 91 86 85 79 175 87 45 52 128 88 118 111 166 89 56 34 34 90 132 134 75 91 66 49 145 92 84 106 132 93 81 107 112 94 68 57 67 95 151 157 27 96 128 90 137 97 98 91 55 98 103 101 92 99 72 45 54 100 95 119 162 101 137 122 191 102 60 69 105 103 123 104 76 104 119 165 182 105 91 146 9 106 108 75 158 107 157 81 68 108 106 124 33 109 70 64 153 110 155 169 86 111 88 60 78 112 104 109 157 113 120 102 25 114 164 152 89 115 67 67 42 116 110 89 60 117 179 174 196 118 86 73 73 119 109 116 57 120 105 95 58 121 50 126 96 122 134 133 93 123 76 108 12 124 131 151 171 125 149 164 107 126 126 142 119 127 183 115 53 128 99 138 125 129 171 167 80 130 139 171 170 131 97 65 133 132 177 159 149

Rank Subgroup%Chg Daily 3 6 7 Comp. Since % This Wks Wks Mo Industry |Rating | Jan1 |Chg Wk| Ago |Ago| Ago| Name

FnancepblInvFdbnd CommlSvcs–Leasing Fnanc–Mrtg&RelSvc Oil&Gas–Trnsprt/Pip Trnsprt–AirFreight Utility–ElctricPwr Fnce–InvsmntMgt Medical–Systems/Eqp Apparel–Shoes&Rel Rtail/Whlsle–At/Prts Telecom–SrvcsFrgn Fnanc–IdxTrckngFd Telecom–WirlssSvcs Tobacco Medical–Genetics ComptrSftwr–Entr Trucks&Parts–HvyD Bvrages–SftDrinks Auto/Trck–OrgnlEqp Banks–Southeast Insrnce–Prp/Cas/Titl Financ–PblInvFdeqt CmmlSvcs–Cnsltng Retail/Whlsle–Food Banks–Midwest Trnsprttion–EqpMfg Bldg–CnstrPrds/Msc Insrnce–Acc&Heal Telecom–WirlssEqp Mdcal–Outpnt/HmCr Finc–PblInvFd–Fn ComlSvcs–Scrty CommlSvcs–Misc RealEstateOprtions CommlSvcs–Stffng FuneralSvcs&Rel Retail–Restaurants Bldg–Cment/Cncrt CommlSvcs–Schools Financ–Svings&Lo Internet–Software Banks–Foreign Mdcal–Drg/Dvrsified Telecom–Equipment CommlSvcs–Hlthcre Banks–Wst/Sthwst Aerospce/DfnseEqp Retail/Whlsle–Jwlry Medical–Products Elec–MiscProducts Retail–DprtmntStrs Medical–EthicalDrgs Utility–WaterSupply Elec–Scntific/Msrng Insurance–Life MetalPrds–Fstners Food–DairyProducts CommlSvcs–Prntng Leisre–Mvies&Rel Banks–MoneyCntr CmmlSvcs–MrktRch ComptrSftwr–Dsktp Comptr–DataStrge Media–Books Cosmetics/PersnlCre Elec–PrtsDistribtrs

.. 86 .. 83 .. 73 69 75 85 62 75 .. 83 84 .. 83 .. 79 77 67 65 .. 80 .. 60 78 77 .. 83 81 .. 75 77 69 69 .. 72 .. 84 65 .. 82 .. 81 66 68 87 .. 74 77 .. 64 62 77 62 .. .. .. 50 77 84 83 72 .. 66 ..

+1.9+0.2 –0.3+0.8 –20.5 –0.9 –2.3+1.2 +0.8–1.6 –7.8+0.2 –7.8 0.0 –14.0 +0.5 –12.7 –0.3 –1.8–0.1 –9.5–0.3 –2.1–0.2 –10.4 –0.2 –6.3–0.1 –5.9+0.3 –15.6 –0.7 –2.6–0.8 –17.6 –0.5 +1.4+0.3 –3.5–0.2 –8.8+0.3 –1.1 0.0 –13.6 –1.0 –6.6–0.1 –4.9–0.3 –0.4+1.2 –1.6+0.3 –12.2 –0.1 –14.8 –0.2 –9.1+0.6 –5.0–0.4 –13.8 –0.6 –9.5–0.6 –2.1–1.1 –6.2+0.4 –6.2 0.0 –8.0–0.6 –8.3+0.1 –6.4+0.1 –9.8+0.3 –12.5 +0.5 –5.5–1.0 –3.7+0.1 –13.3 –1.0 –10.2 –0.6 –14.2 –0.7 –9.9–0.3 –7.9+0.1 –9.9–0.3 –17.9 –1.1 –7.0–1.2 –12.5 –0.3 –8.7 0.0 –11.1 –0.5 –5.5–1.5 +4.4+2.0 –0.8–1.3 –9.1+1.3 –4.8+1.3 –6.4–0.6 –2.5+0.2 –6.9+0.1 –16.5 –0.2 –13.8 –0.2 –9.2–0.4 –8.4+0.9

133 54 53 167 134 102 78 77 135 75 103 188 136 161 172 152 137 146 155 172 138 175 162 126 139 127 88 108 140 107 66 101 141 130 125 59 142 115 166 8 143 135 120 141 144 136 118 79 145 114 154 2 146 158 145 110 147 74 114 144 148 145 170 4 149 71 11 66 150 122 135 122 151 96 148 130 152 129 137 139 153 166 168 117 154 143 99 183 155 133 105 95 156 159 163 176 157 154 176 151 158 165 129 127 159 178 187 50 160 153 97 115 161 163 141 163 162 142 117 69 163 141 113 98 164 125 123 114 165 196 189 185 166 167 147 147 167 169 150 100 168 191 186 160 169 111 136 190 170 172 173 103 171 185 194 82 172 173 177 106 173 148 185 72 174 182 175 116 175 101 61 180 176 181 156 62 177 150 127 179 178 170 130 155 179 156 139 52 180 176 161 154 181 168 132 148 182 144 94 37 183 162 182 164 184 186 181 129 185 174 180 31 186 160 158 193 187 189 191 97 188 152 193 177 189 187 179 184 190 184 178 102 191 192 192 30 192 193 196 194 193 180 160 83 194 194 190 136 195 195 188 40 196 197 195 56 197 188 184 169

Subgroup%Chg Daily Comp. Since % |Rating | Jan1 |Chg

Soap&ClngPreparat Aerospace/Defense Bldg–WoodPrds Bldg–Paint&Allied Office–Eqp&Autom Media–Cble/StlliteTv Cmptr–IntgrtdSyst Mdcal–WhlsleDrg Retail–CnsmrElec Internet–Content ComlSvcs–Advrtsng Medical/Dntal–Sppls Bldg–HeavyConstr Oil&Gas–Rfing/Mkt Paper&PaperProduc ComptrSftwr–Scrity DvrsifiedOprtions Bldg–HandTools Internet–Isp Insrnce–Divrsified Chemicals–Plastics HsholdofficFurnitr InvstmntBankers Banks–SuprRgional OfficeSuppliesMfg Media–Diversified Comptr–PrphrlEqp Retail–Spr/MiniMkts Mdcal–NrsngHmes Elec–ContractMfg Bldg–Mntnance&S Househld–Housewrs Fincecnsmer/CmlLns Leisure–Hotels&Mot Leisure–Services Intrnet–NtwrkSltns RealEstateDevlpmt Telcom–FibrOptcs Mining–Gems ComptrSftwr–Mdcl Insurance–Brokers Retail–Misc Househld–Applncs Rtail/Whlslecmp/Cll Retail–DrugStores Leisure–Products AutoManufacturers Media–Radio/Tv Retail–MailOrder&Di ComptrSftwr–Fincl Steel–SpcltyAlloys Telecom–Services Auto/Trck–RplcPrts RtailWhlsleOffcSup Mdical–HlthMntOrg Houshld–CnsmerElc Retail–LeisurePrds Bldg–Mbile/Mfg&Rv Compter–Netwrking Leisre–PhtoEqp/Rel ConsumerProd–Misc Textile–Mill/Hsehold Leisre–Gamng/Equip Trnsprttin–Airlne Media–Newspapers

66 77 .. .. .. 72 69 .. 64 84 .. 75 75 83 73 75 69 71 .. .. .. .. 71 69 .. 65 .. 63 .. 79 60 .. .. 52 57 .. .. .. .. .. .. .. 47 51 64 .. 58 .. .. 59 .. .. .. .. .. .. .. .. 65 .. .. .. 54 .. ..

0 0 0 0 S&PMidcap400Ind 0 0 0 0 S&P500Index

–8.0–0.6 –2.3–0.3 –4.7–0.8 +1.0–1.3 –4.5–1.4 –4.6–0.8 –7.7–0.7 –6.7–0.3 –14.0 +1.3 –17.4 –1.2 –14.3 –1.2 –4.9+0.4 –5.4–1.8 –22.0 –0.7 –17.3 +0.2 –15.5 +1.6 –5.8–2.9 –3.0–1.4 –7.6–3.1 –12.2 –1.2 –11.8 –0.4 –22.1 0.0 –21.8 –0.1 –8.1–0.7 –10.9 +0.6 –20.4 –0.9 –7.4 0.0 –18.0 –1.1 –10.2 –0.6 –9.2+0.1 –4.1–0.5 –10.8 –1.6 +2.9+0.6 –6.7+0.3 –16.5 0.0 –12.8 –0.4 –12.9 –1.0 –11.4 –0.1 –8.2–0.3 –16.1 –1.1 –19.1 –0.9 –18.4 –1.2 –16.4 +1.4 –10.9 +2.1 –4.3–0.2 –13.7 –1.2 –5.3–0.5 –18.8 –0.8 –11.9 +0.8 –17.3 +0.4 –19.2 –0.9 –24.0 –0.7 –21.5 +0.8 –9.0+0.1 –27.9 0.0 –24.7 0.0 –20.8 –0.9 –17.4 +0.5 –26.1 +0.5 –19.1 +1.3 –24.7 +0.3 –22.9 –3.2 –26.0 +1.5 –34.7 –1.2 –27.3 +0.8

.. –0.5+0.1 .. –5.5–0.7

Groups Highest % Of Top 10 Fidelity Industry Market Indexes list sorted by % gain in last 3 months. (: on left, top 4 indexes since Jan. 1 on right, top 4 indexes yesterday.) Stocks At New High Funds Since Jan. 1

.........................................................................................................................

Oil&Gas–Drilling Oil&Gas–U S Intgrt Oil&Gas–Cdn Intgrt Oil&Gas–U S Expl Pro Oil&Gascdn Expl Pro Steel–Producers Oil&Gas–Intl Expl Pr Oil&Gas–Mchnry/Eq Chemicals–Basic Mchinry–Cnstr/Mng

35% 33% 33% 18% 17% 17% 14% 13% 13% 13%

1. Natural Gas 2. Energy Svcs 3. Energy 4. Natural Res 5. Chemicals 6. Materials 7. Const & Hse 8. Gold 9. Transportatn 10. Automotive

+ 15% + 10% + 8% + 8% + 7% + 5% + 3% + 3% + 1% – 1%

Today’s general market highlights: Sometimes no news is good news. Despite a down week for the market that included a distribution day, very few leading stocks showed major signs of damage. In fact, the IBD 100 rose 2.2% for the week, even as the S&P 500 declined 1.8%.

Since Jan 1 – 9.61% – 2.26% +13.64% – 0.50% – 2.57% – 7.80% – 4.23% – 2.58% – 9.84% – 3.91% – 5.45% – 1.34% – 3.73% – 6.00% – 4.46% – 3.98% – 8.64% –13.86% + 3.94% –12.55% – 7.46% –10.95% –10.80%

3 Month % Change Index : :

:

:

+12.00% +10.72% +10.24% + 7.54% + 6.28% + 6.10% + 5.72% + 5.27% + 5.15% + 4.63% + 4.28% + 4.11% + 3.55% + 3.03% + 2.91% + 2.82% + 1.59% – 0.33% – 1.24% – 4.44% – 5.43% – 6.16% – 7.56%

New Issues Index High–Tech Index Dow Jones Trans S&P Midcap 400 U.S. Defense Index Nasdaq OTC Comp N.Y.S.E. Composite Amex Composite IBD New America Index Dow Jones Industrials S&P 500 Consumer Index Value Line Index Russell 2000 Dow Jones Utility S&P 600 N.Y.S.E. Finance Insurance Index Gold Index Defensive Index Bank Index Senior Growth Index Medical/Healthcare

Value

Yesterday’s Change % Change

553.88 – 2.79 469.32 – 1.41 5193.98 –30.75 853.93 + 0.72 901.61 – 7.65 2445.52 – 5.72 9327.97 –60.57 2347.54 – 0.52 363.62 – 1.62 12745.88 –120.90 1388.28 – 9.40 808.95 – 1.37 2161.84 – 2.31 720.05 + 0.50 508.79 – 0.09 379.42 – 0.05 7583.36 –71.14 597.73 – 5.84 110.33 – 0.49 1147.68 – 7.36 667.91 – 6.80 501.36 – 2.72 4061.58 –23.59

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–0.50% –0.30% –0.59% +0.08%: –0.84% –0.23% –0.65% –0.02% –0.44% –0.94% –0.67% –0.17% –0.11% +0.07%: –0.02%: –0.01%: –0.93% –0.97% –0.44% –0.64% –1.01% –0.54% –0.58%


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Dollar Outlook Stocks Back Off ITT Diversified, Plays Big Role As Volume Cools; Despite Firm’s In Steel Group Few Leaders Hurt Defense Focus IBD INDUSTRY THEMES

NYSE & NASDAQ

THE LONG-TERM INVESTOR

BY ALAN R. ELLIOTT

BY PATRICK CAIN

BY NANCY GONDO

INVESTOR'S BUSINESS DAILY

INVESTOR'S BUSINESS DAILY

INVESTOR'S BUSINESS DAILY

Guesstimating the behavior of the dollar is the realm of economists. But the U.S. steel industry, part of the highflying steel producers industry group, has a big stake in the direction of the greenback. The dollar is gaining for a second month after a two-year decline. The steel industry believes that the gains are a blip, largely at odds with the consensus among economists. Steel industry analyst Mark Parr of Keybanc Securities says the current markets show big expectation for a growing inflationary cycle over the next few years. The steel industry consensus, Parr says, is that the Federal Reserve won’t change course and raise interest rates. Instead, the industry believes the Fed will allow high prices for oil and other commodities to keep driving broad sectors of the economy, including steel. No rate hikes suggests no further gains for the dollar and possibly more downside. It’s an outlook that favors U.S. steel producers. Domestic steel would remain cheap in comparison with foreign competition. Tom Stundt, the executive editor of Purchasing Magazine, keeps close tabs on the steel industry grapevine. He agrees that the outlook among U.S. steel makers calls for a flat or weaker dollar, and for no improvement in the economy in the second half of this year. The dollar remains, Stundt says, a bugaboo in the industry. But when the dollar does turn, overseas steel will play a key role in easing what have become tight steel supplies. “Frankly,” Stundt said, “this country and distributors need foreign steel to fill holes (in supply).”

The market lost some ground Friday, a victim of higher oil prices and a bad earnings report from Dow component American International GroupAIG. But volume declined, and few quality stocks got hit on heavy volume. The Dow fell 0.9%, and the Nasdaq dipped 0.2%. The S&P 500 and NYSE composite each ceded 0.7%. Dril-QuipDRQ fell 1.38 to 59.54 in four times its normal volume. The stock had sunk as low as 53.26 before staging an upside reversal. The maker of offshore drilling equipment missed earnings expectations and guided low. The stock had been building a handle with a 62.57 buy point. Volume was especially strong as the stockrebounded. National Oilwell VarcoNOV, a maker of parts for the oil industry, gained 2.27 to 77.41 in hefty trade. The move triggered a 75.93 buy point on a rebound from the 10-week moving average. National Oilwell is the top stock, by EPS Rating, in the Oil & Gas-Machinery & Equipment group. That group, in turn, is ranked No. 16 out of the 197 industries tracked by IBD, as of Friday’s edition. FMC TechnologiesFTI, another name from that group, added 3.59 to 77.85. FMC is 10% past the 70.74 buy point from a high handle. Online travel Web site Priceline.comPCLN gapped up and surged 14.85 to 138.63. It notched that 52-week high in heavy volume. The stock got as high as 144.34, then closed near the day’s low. Priceline reported earnings that crushed Wall Street’s expectations. Priceline had been consolidating on its 10-week line since early March.

Long-term investors often favor diversified giants, because they may withstand weakness in one of its business lines better than a company that is focused on one product. ITT Corp.ITT may be one such candidate. The White Plains, N.Y.-based company’s wireless tactical networking, electronic defense and surveillance gear are a key part of its business. Last week it said it won a $57 million contract to make defensive systems to be installed on U.S. Special Operations Army helicopters. But ITT isn’t just a defense play. It also manufactures pump systems, fluid handling equipment, industrial connectors, shock absorbers and other gear. Defense electronics accounted for 46% of 2007 revenue, fluid technology 39% and motion and flow control the other 15%. Geographic diversity may appeal tolong-terminvestors too.The company operates in 55 countries, with 65% of ’07 sales from the U.S., 21% from Western Europe, 5% from Asia Pacific and other regions 9%. While ITT may be a bit heavily weighted in the defense sector, its long-term profit track record shows its performance isn’t just tied to the war on terror. It has increased annual profit for at least the past eight years and has a 15% five-year Earnings Per Share growth rate. Its EPS Stability Rating is an attractively low 3. Analysts expect the double-digit profit growth trend to continue, at 16% this year and 13% the next. Last month, ITT posted a 20% gain in Q1 earnings, topping expectations. It said recent acquisitions and strong international sales helped boost results.

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6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 6 6 666 High 96 72 96 A A–28.6 Common stocks above $10 for Friday, May 9, 2008 70 26 92 D B+12.3 1. ENERGY 98 83 98 A A 56.4 99 99 97 A B+NH ArenaRes ARD . 49.83 +1.83 –11 561 34o 89 38 98 B B–28.5 98 98 95 A B–113 AtwoodOcn ATW 104.9 –1.26 +21 715 20o 96 92 87 B B 90.8 99 99 96 A C+34.2 DenbryRes DNR 32.87 +.49 +23 2.8m 24o 85 42 98 B C 92.1 98 82 99 A B+308 FstSolar FSLR 284.5 +8.70 –31 3.4m 99o 97 74 99 C A+83.3 99 97 98 A B+118 Hess .3 HES 115.7 +.78 –8 3.7m 16o 99 99 99 A A+NH 98 98 95 A B–82.0 NatlOilVr NOV . 77.41 +2.27 +54 9.6m 18o 86 83 71 B B–45.0 99 97 96 A A–NH NobleEnr .7 NBL 96.50 –.38 +26 2.3m 14o 97 97 85 A C+155 98 96 98 A B 23.8 PtroqstE PQ 22.41 –.18 –22 645 26o 95 95 82 B C 30.4 99 97 98 A D 45.0 Quickslvr KWK . 39.67 –.25 +90 3.9m 48o 86 73 89 .. B 52.1 99 97 97 A B 73.7 RangeRes .2 RRC . 69.67 –1.06 –36 1.4m 37o 89 86 79 C B+40.4 99 98 94 A B–162 Transocn RIG . 153.7 –3.64 +43 8.9m 11o 57 23 63 C B–39.5 96 96 92 A D 85.7 82 69 39 A B 57.6 ATPO&G ATPG 37.88 –.63 +69 1.4m 11o 66 7 92 E C+28.0 97 74 95 A B+NH A–Powern APWR 20.05 +1.22+211 736 27ê 97 91 95 A B–123 95 74 90 A A–30.9 Acergy .8 ACGY 25.14 –1.07 +38 878 24o 96 87 93 A D+149 71 39 87 .. B–15.1 AdvEngy 11 AAV 12.50 +.25 +26 782 ..ò 66 40 87 .. B 27.7 89 78 97 B B 48.6 AegeanM .1 ANW 38.37 ... –74 99 55k 97 85 94 A A+28.1 92 67 83 B B+33.7 AlliaHld 4.2 AHGP 27.65 +1.24+120 106 18x 77 50 85 E B–21.0 95 66 90 A A 45.5 AllncRes 5.2 ARLP 44.96 +.33 +43 135 14o 95 88 88 B B–44.0 87 41 95 B A 28.1 AllisChal ALY 18.37 +.36 +39 662 12o 96 82 91 A A–63.5 96 79 99 D A 59.9 AlphaNtRs ANR 58.46 +1.39 +3 3.3m 99o 97 93 98 A B NH 77 53 68 B A–38.5 Amerigas 7.4 APU 34.68 +.51 –25 71 17ê 70 74 28 B D+44.1 95 94 96 A B 78.8 Anadarko .5 APC 76.33 –1.29 –2 5.2m 12o 93 72 88 A A–NH 99 95 97 A B 143 Apache .4 APA 135.7 –2.51 –20 3.6m 14o 91 86 81 A D+25.7 99 82 98 B A+23.6 Approachn AREX 22.23 –.02 –26 58 34ê 73 80 63 .. B+58.1 99 92 98 C A–NH ArchCoal .6 ACI 65.36 +.26 –38 3.1m 41o 80 84 53 B B–60.8 77 32 96 D B 28.4 AscentSol ASTI 15.93 +.43 –39 263 ..o 81 52 87 B B 44.3 98 80 97 A A NH AtlasAm .3 ATLS 74.42 +.22 –21 184 37o 98 95 94 A B 87.7 97 79 97 A B+44.0 AtlasEn 5.5 ATN 42.57 –.48 –57 219 16o 99 84 98 A B+NH 40 8 48 D B 56.9 AtlasPi 8.7 APL 43.42 +.52 –38 113 ..o 91 50 92 C A–NH 87 54 90 B C+33.3 BJSvcs .7 BJS 29.85 +.53 +11 7.7m 13o 92 40 98 D A–NH 94 94 80 A C 79.8 BPplc 4.0 BP 72.10 –.60 –40 2.7m 9o 80 86 61 B B 43.0 84 82 94 .. E 98.4 BPPrdh 10 BPT 97.45 +.55 –25 158 11ò 82 97 53 B A–64.0 71 10 99 E B–NH BPZRes BZP 23.67 +1.77 +79 1.9m ..o 63 13 67 C C+28.5 92 82 82 A B 100 BakrHugh .6 BHI 80.65 –.65 –27 3.3m 16o 80 36 87 B B 50.8 55 66 24 D B 22.3 Barnwell 1.8 r BRN 11.40 –.02 –95 1 20k 98 91 90 A A–79.4 86 35 96 C B 57.3 BarrettBl BBG 56.61 –.32 –48 400 58o 97 92 91 A B 70.2 93 55 94 B B+NH BasicEn BAS 27.80 –.13 +30 433 13o 47 46 35 D B–47.0 91 85 97 .. B–NH BaytexE 8.8 BTE 27.25 +.94 +73 417 17k 86 89 65 C B 33.7 98 96 96 A B 55.3 BerryPe .5 BRY 54.96 +.60 –34 303 19o 98 80 97 A A+27.0 53 63 25 B B–37.8 BdwlkPpl 7.2 BWP 25.76 +.05 –16 334 13o 92 80 73 B B+92.8 99 93 94 A B+27.2 BoisdArc BDE 24.32 –.53+113 923 15o 95 91 79 A D–95.3 84 94 37 A C+39.6 BoltTech BOLT 19.93 +.68 –24 108 12ê 99 97 98 A B–NH 22 22 15 E C+37.1 BreitBrn 10 BBEP 19.01 –.24+153 276 ..k 30 21 50 C E 25.3 95 90 86 B B–59.0 Bristowgp BRS 55.87 +.88 +8 283 16k 61 64 21 B B 55.0 80 47 86 C B 17.9 BroncoDr BRNC 17.30 +.05 +9 289 13o 89 50 99 B A–NH 69 65 41 B B–39.9 BuckGP 4.8 BGH 25.13 +.07 –83 7 31ê 98 89 96 A A–66.2 78 55 59 A B–55.5 BuckeyeP 6.9 BPL 49.05 –.07 –66 65 16ê 70 28 96 D C 66.7 85 54 83 A D 68.8 CoGnGeoV CGV 53.57 +.95 –46 131 21k 33 60 12 B C 49.1 78 41 95 C C 32.0 CHCHel 1.5 FLI 31.90 +.29 –81 7 37ê 99 99 95 A A–44.0 95 88 96 A C 218 CNOOC 2.1 CEO 181.0 +.31 –60 214 18o 48 13 55 D B+32.8 97 80 95 A B+43.8 CNXGas CXG 42.83 –.14 –64 166 43ê 97 76 99 A A NH 14 8 36 E C+30.9 CVREgyn CVI 19.92 –.06 +17 639 99ê 66 48 45 C B+29.1 96 85 98 B C+62.9 CabotO&G .2 COG 61.31 –1.01 –10 1.1m 34x 76 3 95 D B+41.1 82 51 90 B B–18.6 CalDive DVR 14.00 –.05 –55 350 13o 97 90 97 A A–NH 90 64 98 D A+NH CallnPet CPE 24.12 +.26 +6 248 30o 97 98 94 A D+62.0 86 59 90 .. B+20.8 Calpinen CPN 20.10 –.30 –62 698 3ò 86 94 39 A B–25.6 99 94 94 A C+53.8 Cameron CAM . 51.76 +1.29 +24 4.4m 23o 95 72 95 B B+16.1 98 91 95 A A–NH CdnNtRe .4 CNQ 93.90 –.58 +31 3.4m 16o 98 89 95 A B NH 94 50 99 B A–NH CdnSolar CSIQ 32.54 +1.05 +33 2.5m 99ò 42 22 41 C E 34.0 92 64 89 B B+53.6 CarboCe 1.2 CRR 47.45 +1.15 –39 188 21o 56 47 34 C C 14.5 99 88 98 A B–NH Carrizo CRZO 72.09 +.62 +31 548 58o 38 44 23 C C+21.3 97 92 97 A B+42.6 ChartInds GTLS . 38.08 +.46 –18 448 18o 95 94 71 A A–47.4 14 19 7 .. B+21.0 Chenier 17 CQP 9.85 –1.41+176 693 ..o 98 88 98 A B NH 96 83 97 A B–57.9 ChesEngy .5 CHK 56.67 +.12 –39 7.0m 16o 89 31 90 B A 37.0 97 92 89 A B–NH Chevron 2.7 r CVX 97.39 –.05 –6 11m 10o 47 75 18 A C 80.6 65 55 39 B C+178 ChinaPet 2.1 SNP 98.35 –2.78 –31 531 13ò 79 66 60 A A–57.2 99 92 98 A A–70.0 Cimarex .4 XEC 68.07 –.46 –21 1.0m 13o 97 93 89 A B–51.1 97 74 99 C A NH ClayWEgy CWEI 75.32 +4.55 +34 97 33ê 86 62 92 .. A NH 63 40 51 D B 20.7 CleanEnn CLNE 14.47 +.74 +25 392 ..o 90 72 89 B B 17.3

Stock

Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E

CompPdS CPX ComptonP CMZ ComstckRes CRK ConchoRn CXO ConocPh 2.1 r COP ConslEng .4 CNX Contango MCF

27.67 12.21 53.99 27.94 88.71 91.17 79.20 ContlResn CLR . 53.18 CopanEn 5.6 CPNO 37.91 CoreLabs CLB . 126.2 CovantaH CVA 27.45 CrosTim 7.6 CRT 51.70 Crosstex 4.1 XTXI 34.94 Crosstx 7.5 XTEX 33.02 DawsnGeo DWSN 75.12 DeltaPetrol DPTR 23.32 DevnEngy .6 DVN 115.7 DiamndOf .4 DO 131.8 DomRsBW 10 DOM 25.42 DorchMn 8.3 DMLP 27.49 DoubleEagle DBLE 18.01 DresserR r DRC 39.14 DrilQuip DRQ . 59.54 EOGRes .3 EOG 138.5 EVEngy 9 EVEP 27.48 ElPaso .8 EP 19.23 ElPasoP 4.9 EPB 23.46 EnbrEM EEQ 51.75 EnbrEner 7.6 EEP 50.25 Enbridge 3.0 ENB 43.71 Encana 1.9 r ECA 85.93 EncoreAcq r EAC . 54.71 EncoreE 9 ENP 24.15 EnergyCnv ENER 47.74 EngyTEq 5.2 ETE 33.65 EngyTsfr 7.0 ETP 49.86 EnrgySo .4 ES 22.41 Enerplus 10 ERF 47.93 ENISPA 5.1 E 79.12 EnscoInt .1 r ESV 68.09 EnterpGP 5.6 EPE 30.59 EntpsPrd 6.4 EPD 31.58 ExcoRes XCO 24.10 ExterranH r EXH 74.14 ExxonMbl 1.8 XOM 88.82 FMCTech FTI 77.85 Ferllgas 9 FGP 21.28 FlotekInd FTK . 17.44 FdgCCT 2.7 FDG 71.59 ForestOil FST . 64.02 FdtnCoal .3 FCL 64.05 FrontOil .9 r FTO 25.42 GMXResrcs GMXR 42.17 Geokinetic GOK 20.42 Geores GEOI 20.03 GloblInds GLBL 18.99 GoodrPet GDP 36.44 GulfIsl .9 GIFI 43.49 GlfMrk GLF 59.85 Gulfport GPOR 14.55 Gushann .7 GU 13.89 Hallibtn .7 r HAL . 48.12 HarvstEn 15 HTE 23.43 HarvstNRes r HNR 10.31 Headwatrs r HW 10.40 HelixEn HLX 36.91 HelmPay .3 HP 57.98 HercOffsh HERO 31.59 Holly 1.5 r HOC 41.02 HollyEn 6.7 HEP 44.16 Hornbeck HOS 48.04 HugotnRy 8.6 HGT 31.81 IONGephy IO 15.44

+.23 +68 1.3m 11o +.17 +20 271 76k –.67 +8 894 24o +.95 –49 199 82o –.74 –10 11m 8o –.42 –41 2.2m 72o –.91 –54 49 11ò +.84 +45 1.6m 33o –.59 –27 132 27o –2.55 +34 271 24o +.13 –56 444 27ê +.19 –48 11 14ê +.24 –52 110 79ê +.32 +27 78 ..ê +6.94 +66 267 17ê –1.01 –1 938 ..o –1.61 –13 3.8m 15o +1.37 +8 2.1m 18o +.24 +2 31 9k –.51 +49 111 16ê –.25 +97 49 ..ê –.30 –46 491 28o –1.38+282 2.9m 23o –1.29 –18 2.6m 26o +.52 –45 43 41k +.11 +16 11m 18o +.56 –14 153 24ê +.25 –74 11 17ê +.19 –68 74 16ê +1.17 +3 290 24ê +.15 –16 2.5m 14o –2.08 +43 1.3m 20o +1.17+157 134 ..o –2.17+336 7.1m ..o –.09 –47 169 21k +.39 –32 207 14o –.04 –25 277 ..o +.42 –31 440 18o –.28 –45 388 10ê +.37 –24 2.6m 9o –.09 –75 41 30k –.52 –10 574 23o ... –67 493 99o +1.23 +34 1.0m 22o –1.11 –10 24m 11x +3.59+135 4.3m 31o +.05 –39 43 47ê –1.05 –24 515 20o +1.89 –2 1.8m 37ò –.57 –9 1.2m 19o +.78 –12 1.0m 99o –.87 –14 2.8m 5o +1.04 +83 461 37o +.41+114 69 ..ê +1.30 +87 135 62k +.07 +66 4.0m 16o –1.16 +53 1.2m ..o +1.59 +18 177 15ê –.21 –69 92 10ê +.49 +95 749 13ê +.68 –46 475 38o +.11 –33 10m 18o +.46 +1 912 ..o +.04 +63 792 5o –.05 –30 705 6o –.06 –71 559 11o +.69 –9 1.4m 15o –.06 –21 2.0m 18o +.12 –15 1.1m 6ò +.17 +16 35 19ê +.61 +45 1.0m 12o +1.09 +28 312 17o –.09 –16 623 28o

13 63 38 56 8 20 27 57 7

22 63 60 64 22 12 15 69 29

11 84 29 38 14 25 19 27 14

B– A– D– B– C+ B D– B– D+

Stocks

Fannie Mae Ford Motor Pfizer General Electric Citigroup Bank of America Mylan Inc Bristol–Myers American Intl Grp

NYSE Most % Up In Price

Closing Vol Price Change (mil)

Vol% Chg

9.38 27.81 8.10 19.79 32.27 23.63 36.65 11.42 21.71 40.28

+90 +185 –45 –18 –33 –17 –1 +326 +118 +310

+0.40 +0.18 –0.10 –0.18 –0.32 –0.67 –0.68 –1.04 –1.08 –3.87

80.26 75.11 39.59 35.23 38.47 85.86 42.92 35.51 28.81 83.17

Most Active Nasdaq Stocks Closing Vol Price Change (mil)

Vol% Chg

98 80 58 68 82 91 17 .. 68 98

31.64 22.53 19.03 29.39 23.37 21.00 3.12 48.21 25.49 183.5

+455 +152 –30 –29 –36 –50 –15 –34 –36 –38

96 30 27 62 77 81 32 77 56 96

B+ B D+ C+ C C+ C B C+ B–

Activision Nvidia Dell Inc Microsoft Intel Oracle Level 3 Comm Powershars QQQ Tr Cisco Apple Inc

EPS Rel Rnk Str Stock Name

81 70 36 40 24 56 41 93 84 98

33 83 89 54 86 82 85 90 83 94

Medicis Phrmct Cl A Superior Industries Block H&R Allied Wrld Assurnce Nordic Amer Tanker Aaron Rents A Teekay Tankers Cl A Oceaneering Intl L D K Solar Co Ltd Swift Energy

Stocks Just Out Of Bases

Symbol

Closing Price

Net Up

Vol% Chg

MRX SUP HRB AWH NAT RNTA TNK OII LDK SFY

22.35 21.78 23.57 43.87 39.40 22.00 21.40 72.61 37.05 55.63

+2.15 +2.04 +1.71 +3.16 +2.76 +1.50 +1.40 +4.50 +2.04 +2.76

+357 +147 +50 +219 +618 –65 +45 +91 –10 +23

Nasdaq Most % Up In Price

Cmp EPS Rel Acc Rtg Rnk Str Dis Stock Name

90 96 78 73 78 91 39 .. 83 97

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10 Vital Ratings For 2,500 Leading Stocks $10 and up Subscribers can view stock charts on investors.com IBD Composite Rating Most Active NYSE Earnings Per Share Growth Rating Relative Price Strength Rating Cmp EPS Rel Acc Sales+Profit Margins+Return On Equity Rtg Rnk Str Dis Stock Name Accumulation/Distribution (last 3 mos) 18 37 15 B– Sprint Corp

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BY BRIAN KEITH VOILES

IBD’S NYSE & Nasdaq Research Tables IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

+3.94 +0.58 +0.19 +0.12 –0.03 –0.10 –0.11 –0.19 –0.21 –1.61

22.00 50.22 17.97 51.25 39.50 20.80 20.94 93.15 37.80 23.94

EPS Rel Rnk Str Stock Name

72 90 90 74 74 62 98 61 64 96

62 96 91 98 84 21 98 8 84 92

McGrath RentCorp Activision True Religion Apprl Ricks Cabaret Intl Inc Genoptix Inc O Y O Geospace Priceline.com USANA Hlth Science Houston Wire&Cable Dawson Geophysicl

EPS Rel Rnk Str Stock Name

97 92 99 93

94 89 98 89

Gafisa S A Ads Ametek Research In Motion Hornbeck Offshore

99 96 Denbury Resources 98 94 Swift Energy 99 99 Titan Machinery Inc

52-wk

Closing Price

Net Up

Vol% Chg

26.69 31.64 22.27 22.14 30.59 48.80 138.6 21.45 19.17 75.12

+3.57 +3.94 +2.76 +2.58 +3.51 +5.39 +14.85 +2.05 +1.81 +6.94

+431 +455 +942 +287 +430 +130 +325 +209 +24 +66

Dividend

Close

Vol% Vol P

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

Dividend

Close

Vol% Vol P

6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E ImprlOil .6 IMO Inergy 8.9 NRGY JASolar JASO JamesRivr JRCC KeyEngyn r KEG KindrME 6.4 KMP KindMrMg KMR

57.77 27.53 23.54 31.10 15.76 59.83 56.10 LDKSolrn LDK 37.05 LaynChrst LAYN 45.50 LegcyRes 8.3 LGCY 23.51 LinnEngy 11 LINE 22.59 Lubrizol 2.3 LZ 53.90 Lufkin 1.3 r LUFK 76.03 MVOilTr 9 MVO 22.91 MagellM 5.2 MGG 24.73 MagMids 6.6 MMP 40.93 Marathn 1.8 MRO 52.56 MarinerE ME 31.26 MarkWst 6.6 MWE 36.37 MrtnMd 8.4 MMLP 34.46 MasseyEn .3 MEE 58.96 McDermott MDR 53.90 McmornExp MMR 30.80 MitchmInd MIND 20.23 MurphOil .9 MUR 84.59 NaborsInds NBR 39.66 NatcoGpA NTG 50.86 NGSvcs NGS 26.86 NatRsPt 5.5 NRP 36.26 NewfldExpl NFX 62.74 Nexen .5 NXY 38.33 Noble .3 NE . 62.62 NoAmEn NOA 17.83 NustarEn 7.7 NS 51.30 Nustarn 5.4 NSH 26.46 OGEEnrg 4.3 OGE 32.24 OSGAmn 10 OSP 13.76 OYOGeo OYOG 48.80 OcciPet 1.5 r OXY . 87.85 Oceanrng OII 72.61 OilStIntl r OIS 53.33 ONEOKPtr 6.7 OKS 62.09 OrmatTch .4 ORA 49.72 PHInv PHIIK 35.11 ParllPet PLLL 22.87 PatriotCn PCX 78.70 PattUTI 2.0 r PTEN 31.88

–.58 –27 320 17o –.41 +7 126 32ê +1.70 +1 6.7m 61ò +.13 –20 795 ..o +.48+260 3.8m 13o –.04 –62 213 48o –.48 –40 144 99k +2.04 –10 3.5m 28o +1.34 –42 132 20k +.80+159 167 ..ê +.32 –17 841 ..o –.22 –38 423 12o –.64 –40 128 15o +.04 –22 36 99ê –.08 –52 125 22ê +.23 –36 95 14ê –.35 –27 5.6m 9o –.47 –20 797 15o –.04 –71 82 14k –.01 –74 5 16o +.78 –60 1.3m 46o –1.59 –41 1.5m 20ò +.02 –33 762 ..o +.61 +31 123 18k –.46 –22 1.3m 14o +.13 –24 5.3m 13o +.84 –33 245 20o +.46 –39 118 24o +1.57 +79 198 26o +.20 –28 1.1m 19o +.09 +1 2.0m 11o –.74 0 4.4m 12o +.23 –85 16 35ê –.06 –48 146 21o +.03 –59 74 22ê –.62 –18 295 12ê –.12 –53 16 47ê +5.39+130 166 19ê –.07 –28 4.7m 13o +4.50 +91 1.7m 21o +.83 –7 769 13o +1.29 –16 121 13o –3.72+466 1.4m 44o +.11 –38 24 19k +.38 –42 314 ..o –1.57 –23 330 ..o –.07 –34 2.9m 13o

94 65 95 B B–71.3 72 34 85 B C+20.8 99 90 92 B A–NH 82 86 58 B B 40.7 75 39 81 B B 32.9 78 32 85 B C 36.3 87 83 98 .. C+27.8 94 84 88 A B–61.2 76 50 90 .. B 17.0 83 79 57 A B–266 93 81 98 B B+26.8 96 76 98 A B–65.8 90 55 96 C C 78.8 90 46 96 B A NH 99 81 97 A A+NH 31 40 33 D C+65.2 99 89 96 A A–68.6 86 37 96 B B+27.9 98 98 94 A B+NH 71 31 77 D B–13.6 65 23 61 D C+17.1 96 89 92 B A NH 87 99 76 A E 26.9 79 49 76 B C+17.9 29 10 37 D D–35.1 99 98 98 A B+NH 94 70 90 B A–44.9 79 2 99 D A+25.5 98 67 92 A C+25.4 95 97 86 A B–46.2 87 93 84 .. C 88.3 93 93 84 .. A–87.9 90 82 93 .. B NH 76 67 87 .. C+40.5 99 74 98 B A NH 92 85 96 A B–64.4 97 91 93 A C 114 86 86 62 B D 97.8 74 74 61 D B–31.0 96 91 95 A B–NH 92 74 83 A B+40.2 98 98 99 A B NH 91 78 85 A A–27.7 68 76 46 A C 31.0 63 26 76 D B–26.8 99 96 95 A A NH 92 62 95 B B 38.9

PeabdyEn .3 BTU Pengrth 13 PGH PennVA .4 PVA PenVaGP 4.9 PVG PennVAR 6.1 PVR PennWstE 12 PWE Permian 8.7 PBT PetroCn .9 PCZ PetroEnr 1.3 PZE Petchina 3.5 PTR Petrohawk HK Petrobrs .4 PBR PetroDev PETD PnrDrlng PDC PionrNtr .4 PXD PlainAl 7.4 PAA PlainsEx r PXP PrecDril 5.6 PDS PrideIntl PDE ProvEngy 12 PVX QuestEn 10 QELP Questar .8 STR QkslvGs 5.3 KGS RPC 1.8 RES RegncyE 6.3 RGNC

68.60 19.98 53.27 27.97 29.43 32.30 24.53 56.00 13.27 140.5 26.41 64.60 73.86 18.30 67.83 46.75 67.81 27.70 44.46 11.61 15.25 65.00 23.94 13.02 26.65 ReneSolan SOL 19.49 Repsol 2.4 REP 40.95 RexEngyn REXX 23.98 RosettaR ROSE 23.70 Rowan 1.0 RDC . 41.96 RoyDShA 3.4 RDSA 80.40 RoyDShB 4.0 RDSB 79.55 SabnRylt 10 SBR 57.75 SanJuanB 5.4 SJT 40.22 Sandrdgen SD . 50.23 Sasol 2.1 SSL 62.28 Schlmbrg .8 r SLB 105.0 SeacorHldg CKH 87.33 SemGrpn 6.0 SGLP 26.50 Smith .6 SII 80.75 Solarfun SOLF . 14.85 SouthwstEn SWN . 45.40 Spectra 3.4 SE 27.14 Spectra 5.5 SEP 24.22 Spire SPIR 13.55 StMaryLE .2 SM 48.29 Statoil 1.8 STO 38.17

Symbol

Closing Price

Net Up

Vol% Chg

GFA AME RIMM HOS

41.34 49.16 132.8 48.04

–0.22 –0.36 +1.59 +0.61

–55 –46 –27 +45

DNR 32.87 +0.49 +23 SFY 55.63 +2.76 +23 TITN 20.16 +0.02 –36

Stocks In Bases

Symbol

MGRC ATVI TRLG RICK GXDX OYOG PCLN USNA HWCC DWSN

EPS Rel Rnk Str Stock Name

–.61 –42 3.6m 48o +.24 –24 852 21o –1.11 –14 503 28ê –.26 +19 46 24ê –.32 +1 103 30o +.57 +61 2.8m 17o +.37 –29 554 17ò +1.12 –9 1.2m 9o +.27 +8 448 15ò –4.49 –28 894 12o –.23+403 17m 40o +.82 –37 12m 24ò +.76 –44 129 33o +.03 +7 711 16ò –.16 –1 1.9m 21o ... –8 457 16o +.82 –9 1.8m 22o +.43 –24 581 12o –.16 –34 2.3m 17o +.24 +24 1.3m 41o –.25 –42 21 ..ê +.14 –45 766 21o –.11 –44 27 55ê –.09 –55 156 17o –.04 –36 82 ..k +2.06+124 2.9m 27o –.50 +44 1.7m 12ò –.39 +21 336 ..ê +.83+195 968 17o +.62 +8 3.4m 9o +.03 +2 1.9m 7ê –.30 –49 192 7ê +1.01 –9 33 13ê +.27 –27 129 16ò +.78+161 2.5m 98o –1.13 –34 466 15o –.55 –37 6.1m 24o +.76 –26 226 9ê –.04 +40 154 99ê –.95 –27 2.1m 24o +.70 –45 2.5m 35ò –.17 –38 3.2m 56o +.57 +3 3.0m 15o +.42+174 119 17ê –.36 –41 36 ..k +.03 +11 927 12o –.77 –30 1.1m 14ò

Symbol

95 94 Kirby Corp 91 81 Oracle 87 93 Diamond OffshoreDr

Closing Price

Net Up

Vol% Chg

KEX 56.68 +0.24 –57 ORCL 21.00 –0.10 –50 DO 131.8 +1.37 +8

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

92 77 90 A B–61.5 39 53 34 C C+38.2 96 66 99 A B 27.0 71 6 99 E A+32.0 92 62 84 B A+20.2 82 59 83 B B–60.6 58 23 85 .. B+57.3 95 84 83 A B+76.8 94 91 84 B B 59.2 75 8 83 D A 30.4 47 33 34 E B 40.2 56 76 39 B C+70.0 93 76 95 B B+78.1 64 43 69 .. C 27.5 74 74 48 B B 31.0 70 77 45 A D–49.7 81 59 68 B B 67.0 97 80 95 A B+32.5 81 52 83 B A–37.4 71 74 48 A D–42.9 95 76 99 C A–NH 95 99 92 A D–63.0 99 74 99 D A+31.5 97 82 89 A B 22.0 97 97 92 A C+93.2 95 66 93 B A NH 98 92 89 B B 60.4 96 97 98 B B 29.7 93 68 85 A B–43.0 89 51 93 B C+65.8 99 93 93 A B+NH 99 97 94 A A–NH 90 80 92 .. B 23.7 62 55 34 B B+70.1 67 79 34 A C+38.8 64 60 49 C B–39.1 57 81 26 C D 19.5 54 62 21 B C 110 99 96 96 A B–90.0 97 93 90 A C 85.9 98 84 97 A B–NH 86 90 59 A C+73.0 94 88 89 C B+57.9 96 82 88 C B+38.0 80 8 93 C B+24.7 76 23 99 .. A–80.3 93 50 96 B A+NH

B9

MONDAY, MAY 12, 2008

6 6 666 High 98 82 99 A B+71.3 97 92 94 A B NH 26 53 12 B E 86.4 84 83 54 B B 63.8 91 68 86 A B 164 90 99 54 A B–90.0 98 91 95 A B NH 83 46 81 B B–27.2 99 98 94 A C+57.5 76 65 60 A A–42.9 93 93 99 .. B 33.0 99 98 97 A A–NH 77 74 49 C D 15.3 93 68 93 B A–NH 41 45 33 C E 46.2 88 64 91 .. A+34.8 32 66 4 B D–66.0 73 54 62 B C+30.2 92 75 79 A C 80.0 98 90 84 A B 87.3 74 72 67 B B–43.9 69 79 63 A E 38.5 61 33 71 B D–43.4 86 73 41 A A 73.1 96 83 94 A B+91.4 79 55 88 A B+42.1 81 40 91 B B 22.1 98 80 96 B A+NH 27 43 14 B E 78.7 45 5 51 D B 19.4 77 80 41 C A–23.7 99 90 98 A A–NH 95 81 95 A C+81.9 95 74 75 A B–15.4 98 95 96 A B–87.1 99 94 98 B A+81.6 96 74 93 C B+43.5 93 99 85 A D 38.4 56 71 35 A D 52.0 62 81 42 .. B–20.8 71 81 26 B C+47.2 98 77 93 A C 70.0 95 73 91 A A–116 97 99 95 A B+41.5

Stock

Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E

StoneEgy r SGY SuncrEr .3 SU Sunoco 2.7 SUN SunocoLg 6.9 SXL SunPower SPWR SuntechP STP SuperEgry r SPN SuperWell SWSI SwiftErgy SFY TCPipeln 7.8 TCLP TELOffs 12 TELOZ T–3Engy TTES TXCORes TXCO Talismn .8 TLM TeppcoP 8.2 TPP Tesco TESO Tesoro 1.8 TSO TetraTech TTI Tidewatr 1.0 r TDW TotalSA 3.1 TOT TransCda 3.7 TRP TrnsMon 7.5 TLP TricoM r TRMA TrinaSol TSL UltraPt UPL Ultrapar 2.7 UGP UnionDrll UDRL Unit Corp UNT ValeroEn 1.3 r VLO VangNRny 10 VNR Venoco VQ WTOffshr .2 WTI W–HEnrgy

WHQ

WarrenRes WRES WeathIntl WFT WhitingP

WLL

Willbros WG WmsCo 1.1 r WMB WmsPtrs 6.9 WPZ WmsPipl 6.7 WMZ WldFuel .6 INT XTOEnrgy .7 XTO Yanzhou .8 YZC Yinglin

YGE

67.79 124.9 43.70 51.67 82.30 42.97 52.60 23.74 55.63 35.71 29.65 58.83 11.28 22.48 34.81 31.35 21.96 18.61 59.78 82.95 38.18 30.37 35.25 40.78 86.87 37.77 18.29 72.69 44.56 16.65 15.07 49.03 78.35 13.35 86.00 79.59 40.15 36.47 34.67 17.90 26.09 64.74 96.13 22.96

–2.17 +29 891 9o +.86 +22 3.4m 21o –.32 –9 3.3m 7o +.69 +12 52 13o –1.38 –45 1.8m 60o +.08 –54 3.2m 36ò +1.28 +2 1.3m 15o +.12 +40 395 17ê +2.76 +23 710 9o +.13 –48 23 13ê +.19 –24 45 18ê –.90 +60 322 22o –.19 –28 304 66o –.30 +24 6.7m 21o +.15 –28 189 18o –.41 +18 319 44o –1.27+111 13m 8o +.56 –3 819 16k +1.03 +40 2.0m 9o –.06 –27 1.3m 10o +.28 –29 204 17ê –.07 –65 8 18ê –.02 –11 234 8ê –.35 –47 832 30ò –2.37 +15 1.7m 62o +.28 +4 83 32k +.53 –69 91 16ê –.57 +2 652 12o –1.71 +48 15m 7o +.14 +7 29 69ê –.48 +39 410 29k +.41 –26 622 16o +.40 –25 365 16o –.25 +3 481 40o –.99 –1 4.6m 24o –1.82 –13 639 19o +.22 –34 667 48o –.16 –27 4.8m 18o +.32 –50 122 14o –.17 –53 55 3ê +.56 +82 658 10o –1.42 –3 6.0m 17o +.21 –48 89 29ê +.14 –29 2.3m 56k

2. MACHINERY 99 99 98 A A–137 Bucyrus .1 BUCY . 136.5 +1.80 –26 894 32x 97 97 86 A B 85.0 GenlCable BGC . 71.05 +.67 –13 760 16o 97 99 77 A B 51.5 Manitowc .2 MTW 40.82 +.52 +12 2.5m 13o 96 98 94 A C+32.1 ABB 69 83 49 A D–41.6 AZZ 94 90 88 A B+35.1 Actuant

.5 ABB . 31.14 –.17 –55 2.0m 22o AZZ 28.45 +.38 –40 152 12ê

.1 ATU 33.76 +.04 –62 219 17o


B10

NYSE STOCKS IN THE NEWS

MONDAY, MAY 12, 2008

INVESTORS.COM

“Graphic displays” of stocks over $12 that hit new price highs (names boldfaced) or are near new highs (regular type face) or had greatest % increase in volume on stocks over $15 and up 50¢ or more (name underlined). Stocks that are extended in price over 15% from a consolidation (or basing) period have been omitted. “How to Read” chart appears on the NYSE every Tuesday. Stocks highlighted are not recommendations and should be researched further before investing.

EOG Goes Gas Hunting In South And Midwest

E O G RESOURCES INC (EOG) Group 1 o$138.50 FLUOR CORP (FLR) Group 145 o$163.97 BAYTEX ENERGY TRUST (BTE) Group 18 $27.25 CELANESE CORP (CE) Group 22 o$46.35 CHEVRON CORP (CVX) Group 23 o$97.39 97 Comp. Rating 93 EPS RS 98 ROE 17% 245.5M Shares 89 Comp. Rating 91 EPS RS 96 ROE 20% 87.7M Shares 91 Comp. Rating 85 EPS RS 97 ROE 0% 75.1M Shares 97 Comp. Rating 96 EPS RS 92 ROE 61% 150.1M Shares 97 Comp. Rating 92 EPS RS 89 ROE 25% 2047M Shares

EOG ResourcesEOG is rebounding off a test of its 10-week moving average. But volume so far is not rebounding as well as the price. EOG on Friday took out the 140.59 trigger from its pullback. Volume came in below average, not what you’d want to see. In fact, there was no trading surge since the stock touched its 10-week line on May 1.

+8% Ann. EPS Gro PE 27 Avg. D. Vol 3,125,200 Debt 17% Last Qtr Eps +70%5 Prior Qtr +26%5 Last Qtr Sales +26% 2 Qtrs EPS ) 15% Eps Due 8/2 R&D 6%

Hot Tip: When the stock market turns up, most leaders appear in Stocks In The News charts. You don't want to miss them.

EXPLORES FOR AND DEVELOPS OIL AND GAS PRIMARILY IN SOUTHERN AND PROVIDES CONSTRUCTION AND MAINTENANCE SERVICES TO THE OIL/ GAS, ROYALTY TRUST HOLDING INTERESTS IN OIL/NATURAL GAS PRODUCING MANUFACTURES CHEMICAL PRODUCTS INCLUDING ACETYL PRODUCTS AND ENGAGED IN EXPLORATION, PRODUCTION AND REFINING OF OIL AND GAS IN MIDWEST REGIONS OF THE U.S. PETROCHEMICAL, MINING AND TRANSPORTATION INDUSTRIES. PROPERTIES IN ALBERTA, SASKATCHEWAN AND BRITISH COLUMBIA. HIGH PERFORMANCE ENGINEERED POLYMERS SOLD WORLDWIDE. THE U.S. AND OVER 180 OTHER COUNTRIES.

+18% Ann. EPS Gro PE 37 Avg. D. Vol 1,778,900 Debt 1% Last Qtr Eps +63%6 Prior Qtr +229%5 Last Qtr Sales +30% 3 Qtrs EPS ) 15% Eps Due 5/7

Acc/Dis B Sup/Demand 77

+87% Ann. EPS Gro PE 17 Avg. Daily Vol 240,900 Debt 73% Last Qtr Eps +85%5 Prior Qtr -20%5 Last Qtr Sales +15% 1 Qtrs EPS ) 15% Eps Due 5/9

Acc/Dis BSup/Demand 87

+78% Ann. EPS Gro PE 13 Avg. D. Vol 1,359,500 Debt 309% Last Qtr Eps +38%6 Prior Qtr +52%5 Last Qtr Sales +19% 2 Qtrs EPS ) 15% Eps Due 7/26 R&D 1%

Acc/Dis BSup/Demand 39

+17% Ann. EPS Gro PE 11 Avg. D. Vol 11,867,500 Debt 8% Last Qtr Eps +33% Prior Qtr +33%5 Last Qtr Sales +37% 2 Qtrs EPS ) 15% Eps Due 7/27

Acc/Dis ASup/Demand 66

Acc/Dis BSup/Demand 53

COMPANHIA SIDERURGIC ADS (SID) Group 2 o$47.13 DARLING INTERNATIONAL (DAR) Group 35 o$16.18 F M C CORP (FMC) Group 22 o$67.22 HALLIBURTON COMPANY (HAL) Group 16 o$48.12 HELMERICH & PAYNE INC (HP) Group 6 o$57.98 99 Comp. Rating 96 EPS RS 99 ROE 41% 392.4M Shares 97 Comp. Rating 77 EPS RS 98 ROE 26% 78.2M Shares 95 Comp. Rating 83 EPS RS 96 ROE 23% 72.6M Shares 98 Comp. Rating 89 EPS RS 95 ROE 33% 865.5M Shares 98 Comp. Rating 88 EPS RS 98 ROE 23% 98.5M Shares BRAZILIAN PRODUCER OF GALVANIZED, HOT AND COLD ROLLED AND TIN RENDERS AND RECYCLES ANIMAL BY-PRODUCTS AND USED COOKING OIL MANUFACTURES INDUSTRIAL, AGRICULTURAL AND SPECIALTY CHEMICALS PROVIDES ENGINEERING/CONSTRUCTION AND OILFIELD SERVICES TO ENER- ENGAGED IN THE CONTRACT DRILLING OF OIL AND GAS WELLS PRIMARILY MILL STEEL PRODUCTS SOLD TO MAKERS OF OLEO-CHEMICALS, BIOFUELS AND OTHER SUCH AS SODA ASH, PEROXYGENS AND PHOSPHORUS CHEMICALS. GY, INDUSTRIAL AND GOVERMENTAL ENTITIES WORLDWIDE. IN NORTH AND SOUTH AMERICA.

+23% Ann. EPS Gro PE 23 Avg. D. Vol 3,532,600 Debt 92%

Qtr Eps +43%6 Prior Qtr +640%5 Last Qtr Sales +44% EOG Resources explores for oil 5Last Qtrs EPS ) 15% and gas. The big cap is mostly active Eps Due 8/14 in the South and Midwest, although it also has projects in Canada, TrinAcc/Dis B+ idad and the U.K. Natural gas made Sup/Demand 47 up 72% of revenue in 2006. The Oil & Gas-Exploration & Production group is rated No. 1 of all the 197 industries tracked by IBD, as of Friday’s edition. Group 30 o$38.33 The company saw its annual profit NEXEN INC (NXY) 99 Comp. Rating 93 EPS RS 93 ROE 26% 524.1M Shares growth dip in ’06 and ’07. But ana- ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL/GAS IN THE lysts expect to see $7.88 a share this NORTH SEA, GULF OF MEXICO, WEST AFRICA, CANADA AND COLOMBIA. year — a surge of 82%. +29% Ann. EPS Gro PE 11 Avg. D. Vol 1,948,600 Debt 82% EOG’s quarterly earnings growth Last Qtr Eps +432%5 Prior Qtr +208%5 Last Qtr Sales +51% dipped to 18% in Q2 of ’06, its worst 3 Qtrs EPS ) 15% in nine quarters. Four of the next Eps Due 7/12 R&D 4% five periods saw growth shrink. That bad streak ended in Q4 of ’07, Acc/Dis B+ Sup/Demand 42 with a 26% gain. The next quarter’s profit rose 70%. The current period should show a 62% gain, according to analysts’ views. Donald H. Gold

+84% Ann. EPS Gro PE 23 Avg. D. Vol 1,352,900 Debt 19% Last Qtr Eps +117%6 Prior Qtr +157%6 Last Qtr Sales +46% 5 Qtrs EPS ) 15% Eps Due 8/9

+19% Ann. EPS Gro PE 20 Avg. Daily Vol 791,900 Debt 39% Last Qtr Eps +29%5 Prior Qtr -3%6 Last Qtr Sales +11% 1 Qtrs EPS ) 15% Eps Due 7/25 R&D 3%

Acc/Dis B+ Sup/Demand 84

+38% Ann. EPS Gro PE 19 Avg. D. Vol 14,993,200 Debt 38% Last Qtr Eps +23%5 Prior Qtr +9%6 Last Qtr Sales +18% 1 Qtrs EPS ) 15% Eps Due 7/23

Acc/Dis B Sup/Demand 71

+90% Ann. EPS Gro PE 15 Avg. D. Vol 1,489,500 Debt 25% Last Qtr Eps +16%5 Prior Qtr +10%6 Last Qtr Sales +27% 1 Qtrs EPS ) 15% Eps Due 8/1 R&D 2%

Acc/Dis B Sup/Demand 84

Acc/Dis B Sup/Demand 80

NOBLE CORP (NE) Group 6 o$62.62 NOBLE ENERGY INC (NBL) Group 1 o$96.50 OIL STATES INTERNATIONAL (OIS) Group 16 o$53.33 PENN VIRGINIA CORP (PVA) Group 1 $53.27 99 Comp. Rating 97 EPS RS 94 ROE 33% 263.3M Shares 99 Comp. Rating 97 EPS RS 96 ROE 22% 167.0M Shares 98 Comp. Rating 84 EPS RS 97 ROE 20% 48.6M Shares 99 Comp. Rating 90 EPS RS 92 ROE 12% 40.8M Shares ENGAGED IN OFFSHORE CONTRACT DRILLING OF OIL AND GAS WELLS ENGAGED IN THE EXPLORATION AND PRODUCTION OF CRUDE OIL AND PROVIDES SPECIALTY PRODUCTS AND SERVICES TO OIL AND GAS DRILLING ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND GAS IN WORLDWIDE NATURAL GAS IN THE UNITED STATES AND INTERNATIONALLY. AND PRODUCTION COMPANIES WORLDWIDE APPALACHIAN, MISSISSIPPI AND GULF COAST ONSHORE REGIONS.

+109% Ann. EPS Gro PE 12 Avg. D. Vol 4,417,800 Debt 18% Last Qtr Eps +57%6 Prior Qtr +82%5 Last Qtr Sales +33% 14 Qtrs EPS ) 15% Eps Due 7/18

+23% Ann. EPS Gro PE 15 Avg. D. Vol 1,851,500 Debt 38% Last Qtr Eps +61%6 Prior Qtr +71%5 Last Qtr Sales +38% 2 Qtrs EPS ) 15% Eps Due 8/1 R&D 6%

Acc/Dis ASup/Demand 83

+44% Ann. EPS Gro PE 13 Avg. Daily Vol 828,600 Debt 45% Last Qtr Eps +25%5 Prior Qtr -3%6 Last Qtr Sales +25% 1 Qtrs EPS ) 15% Eps Due 7/31

Acc/Dis ASup/Demand 72

+26% Ann. EPS Gro PE 28 Avg. Daily Vol 582,300 Debt 93% Last Qtr Eps +16%6 Prior Qtr +74%5 Last Qtr Sales +34% 4 Qtrs EPS ) 15% Eps Due 8/1 R&D 3%

Acc/Dis BSup/Demand 84

Acc/Dis ASup/Demand 80

Group 65 o$65.00 SABINE ROYALTY TR UBI (SBR) Group 19 $57.75 SMITH INTERNATIONAL (SII) Group 17 o$80.75 SUNCOR ENERGY INC (SU) PRIDE INTERNATIONAL INC (PDE) Group 6 o$44.46 QUESTAR CORP (STR) Group 44 o$124.85 WABTEC (WAB) Group 92 o$44.35 98 Comp. Rating 98 EPS RS 94 ROE 13% 166.1M Shares 96 Comp. Rating 89 EPS RS 92 ROE 21% 168.1M Shares 90 Comp. Rating 82 EPS RS 93 ROE 0% 14.4M Shares 96 Comp. Rating 91 EPS RS 95 ROE 28% 198.8M Shares 97 Comp. Rating 92 EPS RS 94 ROE 24% 458.9M Shares 95 Comp. Rating 94 EPS RS 92 ROE 20% 45.0M Shares PROVIDES OFFSHORE CONTRACT DRILLING AND RELATED SERVICES FOR OIL ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND GAS, AS TRUST HOLDING OVERRIDING ROYALTY INTERESTS IN CERTAIN PRODUCING PROVIDES PRODUCTS AND ENGINEERING SERVICES TO THE OIL AND GAS CANADIAN ENERGY COMPANY ENGAGED IN THE EXPLORATION/PRODUCTION, MANUFACTURER OF VALUE-ADDED EQUIPMENT FOR LOCOMOTIVES, FREIGHT WELL AS GAS GATHERING AND PROCESSING IN THE UNITED STATES. AND PROVED UNDEVELOPED OIL AND GAS PROPERTIES AND GAS EXPLORATION AND PRODUCTION COMPANIES WORLDWIDE. EXPLORATION/PRODUCTION INDUSTRY. TRANSPORTATION, REFINING AND MARKETING OF OIL AND GAS. CARS AND PASSENGER TRANSIT VEHICLES.

+124% Ann. EPS Gro PE 17 Avg. D. Vol 3,526,800 Debt 32% Last Qtr Eps +69%6 Prior Qtr +114%5 Last Qtr Sales +18% 11 Qtrs EPS ) 15% Eps Due 8/2

+27% Ann. EPS Gro PE 21 Avg. D. Vol 1,391,200 Debt 40% Last Qtr Eps +23%5 Prior Qtr +17%6 Last Qtr Sales +20% 4 Qtrs EPS ) 15% Eps Due 7/25

+10% Ann. EPS Gro PE 13 Avg. Daily Vol 36,000 Debt 0% Last Qtr Eps +50%5 Prior Qtr +6%6 Last Qtr Sales +47% 1 Qtrs EPS ) 15% Eps Due 8/7

Acc/Dis A Sup/Demand 63

Acc/Dis B+ Sup/Demand 88

Acc/Dis B Sup/Demand 33

S & P 400 Close 853.93+0.72 (+0.08%)

Computer Close 1256.45–1.92 (–0.15%)

Since Jan 1, –3.1% .................................................................................................................... Adobe Sys AutoData CAInc CheckPtSf ComputrSci Dell Inc EMC HewlttPk IBM Intuit SunMicro rs JackHn Micrsft NetApp Oracle Symantec

Since Jan 1, –0.5%

Since Jan 1, –3.91%

Consumer Close 808.95–1.37 (–0.17%)

Since Jan 1, –1.34% ..................................................................................................................... BedBath AnheuserB Coach eBay Gap Kohls Lowes ProctGm Starbucks Staples Target Tiffany Walgrn WalMrt

N.Y.S.E. Comp Close 9327.97–60.57 (–0.65%) Since Jan 1, –4.23%

High Tech Close 469.32–1.41 (–0.3%)

Since Jan 1, –2.26% ..................................................................................................................... Broadcom CheckPtSf Cisco Dell Inc EMC Corning IBM Intel SunMicro rs Micrsft Nortel Oracle Xilinx

Dow Utilities Close 508.79–0.09 (–0.02%)

Acc/Dis B Sup/Demand 54

Name

Symbol Price EPS Name

Price EPS

Acc/Dis ASup/Demand 74

Name

Price EPS

Name

CheniereE(a) Tesoro(n) OcnPwTch n ValeroEn(n) CVREgyn(n) Calumet WstnRef(n) Delek(n)

5.34 21.96 7.95 44.56 19.92 12.43 9.32 10.15

INSURANCE

Since Jan 1, –4.46%

New Lows

3 66 10 43 8 7 63 69

FBLFncl(n) BldLyB AmrSaftyIns(n) UtdAmInm

Price EPS

22.99 21.24 15.41 13.99

47 19 45 52

.....................................

UTILITY TemecV 6.75 36 POWL 49.46 73 NoWestCp(n) 23.78 36 CtlVlCmBc 9.69 64 JOYG 78.99 86† ..................................... PinaclWst(n) 33.73 35 3.74 22 ...................................... VineNB FINANCE (7) CentrlVT(n) 22.50 32 OldSecBc 21.17 59 COMP SFTWR ..................................... MCFCorp 3.00 43 CmtyBcNV 9.04 34 Activision ATVI 31.64 90† SEMICNDUCTRS FBRCap 5.09 22 PfdLA 10.16 53 SoleraHdn(n) SLH 26.00 80 ElecSci 16.00 56 MCGCap 6.45 36 6.68 24 ...................................... CorusBk DSPGroup 8.48 43 TWeisel 5.22 14 PrmWB 8.62 46 TRANSPORT CascdMic 7.46 22 Evercore(n) 14.90 4 GrtSoBcp 14.56 43 Wabtec(n) WAB 44.35 94† ..................................... MktAxess 7.92 19 7.35 28 ...................................... FideltySo REAL EST MarlinBus 6.12 38 Banner 18.16 29 SVGS & LN ..................................... CalifCstl 4.14 45 NoValBc 8.70 15 LaBncpn LABC 12.19 84 GpArCN 19.84 93 CONSUMER (7) 9.00 35 ...................................... CmmVlBc HilltopH(n) 10.21 23 PeoplsEdu 2.18 48 FstMarinr 3.80 26 Name Symbol Price EPS Name Symbol Price EPS SEMICNDUCTRS ..................................... LenoxGrp(n) 1.28 18 IndtBkMI 6.72 7 AtlasAmer ATLS 74.42 80† SimpleTech MINING STEC 11.23 72 RelivInt 5.79 23 10.27 9 ...................................... FstHoriz(n) MdwGldgn(a) 2.00 5 LifetmBr 8.17 13 ...................................... NaborsInds(n) NBR 39.66 66 CityBank 16.59 57 WTOffshr(n) WTI 49.03 90 INTERNET GoldRsv(a) 1.76 31 CompxIntA(n) 6.10 28 ENERGY (56) CasdB 8.78 35 WstGldfgn(a) 2.22 9 SmithIntl(n) SII 80.75 91† Priceline PCLN 138.63 TricoBcsh iRobot 12.70 55 15.23 34 ..................................... PyramdO(a) PDO 8.82 97 Hallibtn(n) HAL 48.12 89† 98† ElizArden 13.11 79 FstStBc 8.73 28 MexcoEn(a) MXC 10.76 57 PattUTI ..................................... COMP SFTWR PTEN 31.88 50 ...................................... ColnlBgp(n) 7.47 18 EnergyCnv ENER 47.74 40 Deltekn 8.34 54 SVGS & LN (6) PrideIntl(n) PDE 44.46 98† FINANCE FstRgnlB 12.06 44 SilicnGrph 6.35 12 A–Powern APWR 20.05 74 CAP 17.17 59 FrstPacT 16.57 41 ArchCoal(n) ACI 65.36 92 CAIIntln(n) 8.34 47 QA D 6.99 65 ...................................... BostPvtF Sandrdgen(n) SD 50.23 74 CtznFstB 7.29 26 SouthwstEn(n) SWN 45.40 98 ..................................... MdwstBc 9.22 25 EncoreEnn(n) ENP 24.15 50 ELECTRONICS PFFBncp(n) 1.52 22 Questar(n) STR 65.00 89† EagleBn 10.15 56 BUILDING StormCat(a) SCU 1.27 2 DRS 74.80 89 SterlngFnl 10.71 21 MasseyEn(n) MEE 58.96 76 .DRSTech(n) WGNB 14.25 26 Monaco(n) 5.13 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FMCTech(n) FTI 77.85 97 ...................................... CapeBncpn 10.00 38 SussxB 10.00 29 KSWInc 5.12 15 BUSINESS SVC HMN Finl 19.94 37 ReneSolan(n) SOL 19.49 98 MINING (7) AmerRvr 13.45 56 3.59 12 ..................................... BldgMat(n) LDR 56.44 62 Geores GEOI 20.03 76 PolyMet(a) ..................................... PLM 4.40 33 .Landauer(n) 10.25 41 ..................................... .PacStBcp ..................................... RETAIL (6) BPZRes(a) BZP 23.67 10 KimberR(a) KBX 1.85 2 MACHINERY BANKS ArdenGpA 120.00 57 BaytexE(n) BTE 27.25 85† ClevlndClf(n) MEDICAL (19) CLF 179.82 67 PowerSec 10.10 94 Dist&Svc(n) 23.37 85 SHBK 20.98 40 2.04 17 ThreeDSys 8.64 32 T–3Engy TTES 58.83 98† MetalcRes(a) MRB 7.56 4 .ShoreFinl ..................................... Orthovita WstMarn 4.53 3 ..................................... PainCare(a) 0.03 3 BBL 78.38 48 ContlResn(n) CLR 53.18 99 BHPBlplc(n) AGRICULTURE Utd Stnr 41.38 65 LEISURE Thermage 2.93 43 BHP 87.92 79 EncoreAcq(n) EAC 54.71 84 BHPBilLt(n) BirksMyr(a) 3.40 10 DarlingIntl(n) DAR 16.18 77† StratDgn TrumpEnt 2.41 2 3.44 16 NGD 8.92 2 ...................................... ClayWEgy CWEI 75.32 74 NewGold(a) BlocbstrB(n) 2.16 35 ...................................... 13.52 25 PhNetDev 14.10 19 ..................................... CallGolf(n) CdnSolar CSIQ 32.54 50 MISC ..................................... Biocryst 2.70 22 MEDIA (6) CdnNtRe(n) CNQ 93.90 91 MEDICAL (6) USGasFd n(a) UGA 59.33 FOOD/BEV Minrad(a) 1.83 2 EvolPet(a) EPM 5.88 9 Pharmern(n) PMC 18.76 80 USOilFnd(a) Primediars(n) 5.25 74 USO 102.03 HansenNat 28.60 99 OrexgnThn 9.14 3 VITL 55.51 70 LibtyGlbB 34.83 5 Carrizo CRZO 72.09 88† VitalSgn Petro& Res(n) PEO 42.07 CocaClEn(n) 21.49 55 Cantel(n) 9.15 52 IG 2.55 47 ..................................... JournlC(n) 5.66 24 BasicEn(n) BAS 27.80 55 IGIInc(a) SpdrOGEq(a) XES 47.08 ForestLabs(n) 33.90 81 ELN 27.47 14 PlayboyB(n) 7.25 22 HugotnRy(n) HGT 31.81 62 Elan(n) AUTO&PARTS PSOil(a) DBO 46.99 Pfizer(n) 19.79 60 SVNT 24.60 2 AHBelon(n) 8.61 22 ICGInc(n) ICO 9.62 3 SavientPh NobleInt 5.91 46 PShEngy(a) PXI 41.42 AltusPh 3.96 30 USPhyTh USPH 16.59 74 GrayTV(n) 3.94 22 CooprT&R(n) 12.38 23 NobleEnr(n) NBL 96.50 97† ...................................... USHeatOn(a) UHN 59.34 AriadPhrm 2.66 10 ..................................... ..................................... TalismnEgy(n) TLM 22.48 68 UTILITY VangEngy(a) VDE 122.90 ApriaHlth(n) 15.87 50 ELECTRONICS (6) AEROSPACE SuncrErgy(n) SU 124.85 92† IEZ 73.48 ShirePlc 50.08 78 TecoEngy(n) TE 19.05 25 iShrsOEq ZarebaSys 2.96 12 Astronics 16.35 29 GulfIsl GIFI 43.49 90 UNG 55.50 CyprsBio 6.35 53 HawaiiEl(n) HE 26.25 80 USNGFd n(a) SpectCtrl 7.86 79 GenCorp(n) 8.29 74 ElPaso(n) EP 19.23 72 KineticC(n) 38.05 92 ..................................... EqtblRes(n) EQT 72.77 62 NuSelTxFr3(n) NXR 14.40 XRite 2.00 22 GranTragn(a) GTE 5.49 53 UtahMedPr 28.13 56 KOL 48.05 TRANSPORT Laclede(n) LG 39.78 74 MkVCoalnya BelfusB 24.47 57 RXiPhmn 5.55 2 StMaryLE(n) SM 48.29 96 ...................................... iShGSCom GSG 67.68 PinnclAir 7.68 17 Techntrl(n) 19.47 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .............. PnrDrlng(a) PDC 18.30 46 METALS/STEEL FTEnrgyn(a) FXN 26.65 ExcelTech 22.78 76 BUSINESS SVC (12) ..................................... APPAREL CallnPet(n) CPE 24.12 64 Metalico(a) DBE 48.46 MEA 15.31 94 PSEngy(a) GeoEye 18.93 44 TELECOM (5) UnitCorp(n) UNT 72.69 80 SutorTchn IconixBr 14.11 97 GAZ 71.92 SUTR 7.58 66 BiPNGnya . . . . . . . . . . . . . . . . . . . . . . . .............. HarrisInt 2.02 19 Aware 2.85 14 SuperEgry(n) SPN 52.60 91 ComphSidrg(n) SID 47.13 96† SpdrMetM(a) XME 82.57 AdvsrBrd 45.85 82 AGRICULTURE TolgrdCm 4.40 17 Nexen(n) NXY 38.33 93† Gerdau(n) PXJ 31.01 GGB 43.47 91 PSOilSv(a) ICFIntl 16.67 20 ScottMG(n) 28.44 36 LoralSpce 20.65 43 Noble(n) NE 62.62 97† ...................................... PwshrsDB(a) DBC 40.52 . . . . . . . . . . . . . . . . . . . . . . . .............. ClearCha(n) 18.05 82 IDTCl B(n) 3.35 4 MacOilUp(a) UCR 38.18 PionrNtr(n) PXD 67.83 81 CHEMICALS MISC NatCinM 19.03 62 IDT(n) 2.88 4 FMC 67.22 83† DWSGlCmd(n) GCS 19.14 FdgCCT(n) FDG 71.59 50 FMC(n) ..................................... Mod–Pac 4.77 37 eLoyalty 6.61 17 WLT 82.46 55 NUCO 29.53 94 WaltrInd(n) Chevron(n) CVX 97.39 92† Nuco2 MacOilDn(a) 1.83 BakerMichl(a) 20.23 93 INTERNET (5) USL 74.27 OilStIntl(n) OIS 53.33 84† Celanese(n) CE 46.35 96† US12Mon(a) MktVShMun(a) 49.44 BMPSunst 7.05 5 Think(a) 0.55 16 IGE 146.69 HelmPay(n) HP 57.98 88† Airgas(n) ARG 58.68 93 iShrGSNRs SmurfitSt 5.20 55 Halifax(a) 0.64 43 Knot 10.24 63 GSC 81.54 SabnRylt(n) SBR 57.75 82† ...................................... GSCnct Lancstr 32.34 32 TeamStffrs 2.18 74 ParentCon 2.01 28 PSNsqSCn PQSC 25.58 ArenaRes(n) ARD 49.83 99 RETAIL PwrShHiYd(a) 11.10 ProtctOnen 7.40 3 iPass 2.16 74 PennVA(n) PVA 53.27 90† LumberLn(n) LL 14.44 95 MerrilCan(n) HCH 189.48 2 ...................................... LivePrsn ProUSL7–10(a) 69.38 2.69 66 ..................................... HSRespirn ENERGY (8) EOGRes(n) EOG 138.50 93† Gymboree GYMB 45.92 89† 19.34

higher. You can also use our unique New Highs list to spot new groups asserting market leadership. Stocks listed within each group are in order of stocks showing the greatest % increase in trading volume. Closing price and Earnings Per Share(EPS) Rating are also shown. For more information, consult IBD’s free education modules at www.investors.com. Nasdaq stocks over $2 only. †See Graphs in NYSE or Nasdaq Stocks In The News. Boldfaced stocks carry an EPS Rating of 95 or higher.

Dow Indus. Close 12745.9–120.9 (–0.94%)

+45% Ann. EPS Gro PE 19 Avg. Daily Vol 556,000 Debt 24% Last Qtr Eps +27%5 Prior Qtr +26%6 Last Qtr Sales +22% 14 Qtrs EPS ) 15% Eps Due 7/26 R&D 2%

...................................... REAL EST ...................................... PittsWVRR(a) PW 9.71 48 BANKS (31) AmenPpty AMEN 10.29 25 2.65 38 ...................................... SilverStBn CaroBkH 10.59 72 most stocks on the New Highs list tend to go MACHINERY

Gold Close 110.33–0.49 (–0.44%)

Since Jan 1, +3.94% ..................................................................................................................... BarrckGld AgnicoEg ASA AngloAshan GoldFlds Goldcorp NewmtM

+50% Ann. EPS Gro PE 22 Avg. D. Vol 2,785,000 Debt 33% Last Qtr Eps +38%6 Prior Qtr +67%5 Last Qtr Sales +52% 2 Qtrs EPS ) 15% Eps Due 7/26

Acc/Dis BSup/Demand 80

............................................................................. Since Jan 1, –2.57% NYSE (n) – 65 New Highs, 40 Lows .................................................................................................................... NASDAQ – 25 New Highs, 106 Lows Boeing CACI Intl Cubic CurtsWrt Since Jan 1, +13.64% AllintTch AMEX (a) – 29 New Highs, 14 Lows GenDyn Goodrich L3 Commun LockheedM NorthrpG Based on a study of stock market winners, PrecCast RaythnB Teledyne

Leading Market Indexes Defense Close 901.61–7.65 (–0.84%) ...................................................................................................................... Dow Trans. Close 5193.98–30.75 (–0.59%)

+49% Ann. EPS Gro PE 25 Avg. D. Vol 2,877,400 Debt 33% Last Qtr Eps +14%6 Prior Qtr +17%6 Last Qtr Sales +12% 0 Qtrs EPS ) 15% Eps Due 7/24

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INVESTOR'S BUSINESS DAILY

Fluor Trading Parker Hannifin’s Brazil Latest To Near Buy Point International Tilt Ring Alarm On From Handle Lifts Sales, EPS Rising Inflation THE BASE READER

THE INCOME INVESTOR

INTERNATIONAL LEADERS

BY MARIE BEERENS

BY PAUL WHITFIELD

BY DONALD H. GOLD

INVESTOR'S BUSINESS DAILY

INVESTOR'S BUSINESS DAILY

INVESTOR'S BUSINESS DAILY

FluorFLR cleared a cup with handle past a 155.29 buy point. It is now about 5% above that level. The Irving, Texas-based firm provides construction and maintenanceservices to the oil and gas, petrochemical,mining, and transportation industries. After a period of unstable earnings growth, EPS increased 42%, 229% and 63% the past three quarters. Fluor plans a 2-for-1 stock split. Its stock topped at the end of October, before falling into the base. It quicklysank below its 10-week moving average as volume increased. It then tried regaining support and traded around that level for a few more weeks. But more sellers came in, pushing the stock below its 40-week line. It regained both support lines at the end of February and has maintained support above them for all but one week since. Fluor formed a handle in April. Another handle formed from late April through early May. Both times, Fluor broke out on light volume, although weekly volume was stronger in the April move. In all, the base counts seven distribution vs. five accumulation weeks. But accumulation has improved recently after the stock broke out in April. Its Relative Strength line is at a record high.

One way a conservative investor can gain foreign exposure is to buy a U.S. stock with an international footprint. Cleveland-based Parker HannifinPH is such a stock. While many stocks are slipping amid the U.S. slowdown, Parker Hannifin is charging ahead. The NYSE composite is down 5% from a year ago; Parker Hannifin’s stock rose 30% in the same period. The reason is foreign exposure. In 2001, international industrial sales made up about 21% of Parker Hannifin’s net sales. In the most recent quarter, that figure was 42%. That 42% figure may understate the foreign exposure because of the way Parker reports segments. North American industrial sales make up about 34% of net sales; aerospace, 15%; and climate and industrial controls, 9%. It isn’t clear how much of the latter two segments are foreign sales. It is clear, however, that Parker Hannifin is firing on all cylinders. Earnings jumped 30% in fiscal Q3 ended in March. Sales grew 14%. That prompted Chief Executive Don Washkewicz to note at the April earnings call that while he thinks the U.S. has been in a recession for at least eight months, Parker Hannifin is not in a recession. Growth is particularly strong in Asia and Latin America. Plus the weak dollar is boosting sales. Six percentage points of Parker’s 14% sales increase in fiscal Q3 were tied to currency exchange. That prompted analyst Alex Blanton of Ingalls & Snyder to ask the big question at the earnings call: What if the dollar strengthens? Management had no easy answer. “We just need to manage through it,” Chief Financial Officer Tim Pistell said. Parker Hannifin’s dividend yield is 1%, and the annual payout has risen for 51 consecutive years.

Brazilian stocks got knocked around Friday after a one-two punch. First, disappointing results from retailer Lojas Americanas cast a pall over the market. Second, inflation is heating up. Like with Wal-MartWMT and CostcoCOST, such a result from a retailer can be seen as an economic gauge. Poor sales mean the consumer is holding back, and the consumer is the ultimate linchpin of economic growth. Consumer prices in Brazil surged 0.55% in April, lifting the 12-month rate to 5.04%. That’s the highest in two years. Investors are bracing for higher interest rates. Brazil isn’t the only place with inflation jitters. 00 The Reserve Bank of Australia warned that inflation is rising. 00 China will report an 8.2% inflation rise for April, according to a Bloomberg poll of economists. 00 India’s wholesale prices rose 7.61% in the week ended April 26 from a year earlier, the highest in 3 1/2 years. Food costs are rising so fast, the government has banned futures trading in soybean oil, chickpeas and potatoes. 00 Egypt’s central bank hiked interest rates in response to the highest inflation in three years. 00 And you may remember that Kansas City Fed President Thomas Hoenig warned on May 7 that rising inflation may mean U.S. rate hikes. Brazilian stocks were sent flying April 30 after Standard & Poor’s surprised the market by upping the country’s credit rating to investment grade. This new rush of cash should meanlower interest rates. Banks, including Banco BradescoBBD, Banco Itau HoldingITU and UnibancoUBB, led the way up. But those issues all peaked May 2 and have been retreating since — mostly in softening volume.

FLUOR CORP (FLR) Group 145 o$163.97 89 Comp. Rating 91 EPS RS 96 ROE 20% 87.7M Shares PROVIDES CONSTRUCTION AND MAINTENANCE SERVICES TO THE OIL/ GAS, PETROCHEMICAL, MINING AND TRANSPORTATION INDUSTRIES.

+18% Ann. EPS Gro PE 37 Avg. D. Vol 1,778,900 Debt 1% Last Qtr Eps +63%6 Prior Qtr +229%5 Last Qtr Sales +30% 3 Qtrs EPS ) 15% Eps Due 5/7 Acc/Dis BSup/Demand 87

MONDAY, MAY 12, 2008

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IBD’S RESEARCH TABLES Continued IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 97 97 82 B B+18.8 80 47 97 D B–33.4 96 92 89 A B–50.8 93 95 70 B B 60.4 99 95 97 B B 55.0 80 87 36 A B+52.0 55 69 20 B C+89.9 98 86 86 B B–87.0 95 83 91 C A–51.7 89 64 81 B A–44.0 89 95 73 C B 34.3 71 86 37 A D+59.1 97 95 62 A B 53.7 92 80 84 B B+48.4 94 85 87 B B 54.6 81 86 84 D B 32.2 98 97 93 C B+28.3 91 84 78 B B–46.5 78 73 84 D B 13.8 98 96 97 A B 126 83 29 87 A C+85.7 91 43 94 C A–22.4 86 97 62 B C+38.2 97 95 94 B A–49.3 99 95 99 A A+32.9 95 94 93 B B 40.4 88 78 79 A C+46.6 98 99 99 A B+64.9 90 85 78 A B 28.0 72 87 39 C B+59.1 91 94 79 A C+60.4 94 81 82 B B+43.0 82 85 61 C C 56.7 97 96 99 A A+41.8 96 86 96 A B NH 79 50 80 B B 45.7 79 91 58 B C 45.6 90 68 92 B B–38.8 92 82 88 B B 86.2 95 83 83 B A–14.3 91 72 88 B A 19.8 34 52 18 C D+174 96 80 91 B B+61.6 98 92 92 B B+86.6 88 88 77 C B 39.7 70 61 65 C B–16.1 93 73 94 C A–NH 67 94 24 C B–16.4 90 84 74 B B–59.0 95 93 96 B C+42.3 94 91 79 A B–71.0 96 86 92 C A–32.0 74 79 53 B B–31.5 99 95 97 A A–38.1 72 83 44 C C+50.1 96 99 82 A B–96.9 20 32 5 E B 26.5 98 95 86 A A–36.2

Stock

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

52-wk Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E

AltraHld

AIMC 16.36 –.15 –5 222 21ê –2.91+234 2.2m ..o –.36 –46 299 21ê –.04 –59 125 14ê +1.27 –21 105 34ê –.09 –46 247 15ê –.58 –31 83 11ê –.66 –45 3.8m 14o –.30 –60 78 19ê –.38 –39 222 22ê +.23 –52 105 13k –.30 –59 748 13o +.89 –8 74 14k +.11 –30 217 22ò +.02 –27 1.4m 15o –.69 –22 380 13o EnerSys ENS . 26.64 +.57 +17 507 21ê EnPro NPO 36.75 +.13 –58 139 9ê FlowIntl r FLOW 9.80 –.08 –67 76 57ê Flowser .8 r FLS 121.3 –.92 –50 441 23o FosterWh FWLT 68.97 +.09 –38 2.1m 23o FuelSys FSYS 19.21 +.22 –74 43 33o FuelTech FTEK 22.76 +.26 –11 397 68o GardnrDen r GDI 48.00 +.10 –25 412 13o Gencorn GENC 31.85 –.44 +23 98 10ê Gormanr 1.1 GRC 35.90 +.37 –71 22 23ê Graco 1.8 r GGG 40.19 –.16 –50 236 16ê Graham .2 GHM . 60.84 –.65 +38 147 23k HarbinElec HRBN 17.20 +.60+157 306 14ê HubbllB 2.9 r HUBB 46.02 –.26 –37 241 12ê Hurco HURC 43.49 +.79 +15 149 12k IDEX 1.3 r IEX 36.54 –.16 –20 404 18ê IngersRd 1.7 r IR 42.52 –.31 –42 2.3m 14o JinpanI .6 JST 39.95 +.95 –29 58 19k JoyGlbl .8 JOYG 78.99 +1.49 –32 1.5m 28ò KHDHum KHD 30.18 –.77 –62 88 18ò Kennmetl 1.4 KMT 34.51 –.17 –29 400 12o KeyTech KTEC 33.88 +.52 –47 12 24ê LincnElc 1.3 LECO 78.45 +.57 –26 167 16ê MetPro 1.8 MPR 12.22 –.12 –66 8 19k NIDEC .6 NJ 18.84 –.55 +98 137 30ê NACCO 2.5 NC 81.50 –2.59 –48 23 7ê Nordsn 1.2 NDSN 60.00 +.35 –69 76 21k ParkHan 1.0 r PH 83.59 +.52 –25 1.3m 15o Pentair 1.9 PNR 36.73 –.05 –28 516 16o Percptrn PRCP 10.09 +.02 –73 12 25k Powell Inds POWL 49.46 –.15+100 142 36ê PowerSec POWR 10.10 –1.58+738 603 16o RegalBel 1.5 RBC 44.13 +.12 –52 177 12ê RobbMyer .4 RBN 41.10 –.15 –42 358 23ê RoperInd .5 ROP 62.27 –.73 –37 400 22o SauerDnf 2.4 SHS 29.53 +.25 –62 64 19ê Stratasys r SSYS 21.22 –.25 –46 117 29o SunHydr 1.0 SNHY 37.05 +.42 –31 96 25o Tennant 1.5 TNC 33.88 +.19 –41 102 18ê Terex r TEX 71.23 –.95 –32 1.4m 11o ThreeDSys TDSC 8.64 –5.48+684 621 ..ê Wdward .7 r WGOV 33.98 +.42 –48 267 22ê

AmSprcnd AMSC 29.86 Ametek .5 r AME . 49.16 AstecInd ASTE 38.66 BadgerM .7 BMI 51.12 BaldrEle 2.1 BEZ 32.35 Cascade 1.6 r CAE 44.83 Caterplr 1.8 CAT 81.76 Circor .3 CIR 50.29 Clarcor .8 r CLC 39.16 ClmbMckn CMCO 28.63 CooprInd 2.1 r CBE 43.07 DXPEnterpr DXPE 39.96 Donalds 1.0 DCI 44.32 Dover 1.5 r DOV 51.80 EncorWi .4 WIRE 22.31

3. METALS/STEEL 99 96 99 A B+NH ComphSi 3.8 SID . 47.13 +.88 –15 3.0m 22o 92 71 98 B B–70.8 40 62 29 B C+116 66 40 68 B B 91.0 91 49 91 A B 54.5 97 90 97 A B 96.8 91 84 76 B B+36.9 58 50 44 C B–58.7 53 78 39 B B 79.7 85 50 89 B B+38.1 82 47 95 B D 74.5 88 51 80 B B 37.2 60 79 17 A E 66.3 70 97 40 B D–60.0

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

AKSteel .3 AKS 68.70 AllegTch 1.0 r ATI 75.16 AlmChina 2.4 ACH 40.98 AmpcoPit 1.6 AP 46.11 ArcelrMt 1.2 r MT 94.57 BarnesG 1.8 B 30.45 BrushEMat BW . 32.13 CarpTech 1.3 r CRS 56.42 CastleAM .8 CAS 30.93 CenturyAl CENX 72.87 CmrclMt 1.5 r CMC 31.71 DynMatl .4 BOOM 34.53 FosterLB FSTR 31.02

–1.45 –1.42 +.09 –.92 –1.45 +.25 +.03 +.45 –.58 –.94 –.27 –.12 –.08

–37 1.9m 18o –45 1.3m 11o –38 994 18o –26 82 11ê –38 2.3m 12ò +9 595 15o –51 194 18o +23 1.0m 12o –45 85 13ê –63 424 14o –11 1.3m 13o –46 290 17o –30 166 12o

98 88 93 A B 16.9 99 91 99 A A–NH 87 98 97 .. A–22.9 73 44 85 .. B 15.3 83 70 87 C D+21.0 56 16 41 B B+100 83 83 72 A B 60.0 84 77 78 C A 23.1 78 74 65 C D+89.2 96 70 82 A A+58.5 64 88 18 B E 60.0 63 36 80 .. C 16.1 97 89 99 A B 165 99 94 98 A A–NH 96 93 82 C B 38.9 46 60 19 D B 52.9 87 66 92 C A–47.7 99 79 94 A A–81.9 91 68 99 D A 54.9 82 82 56 A C 201 85 56 95 C B–18.4 93 88 83 B B 44.0 36 74 12 A C 92.0 90 77 89 B C 64.3 96 87 98 B A 96.0 92 64 97 A ..36.2 99 86 97 A B 39.3 94 77 92 A C+56.4 84 74 89 .. B 42.5 92 93 84 C B 38.8 23 51 11 B C 39.8 96 60 99 B A–173 63 53 78 B B 46.3 98 95 95 B B+111 97 99 99 B B+17.6 68 58 47 D A 26.5

Gerdau .5 GNA Gerdau .7 GGB GrafTech r GTI GrupoSimec SIM HawkClA HWK HaynsIntn HAYN ILToolWk 2.1 r ITW Insteel .9 r IIIN KaiserAl 1.1 KALU Kaydon 1.1 KDN Ladish LDSH Madeco 4.6 MAD Mechel 1.2 MTL Metalico MEA Mueller 1.2 MLI NCIBldg NCS NWPipe NWPX Nucor 1.6 r NUE OlympcSt .3 ZEUS POSCO 1.7 PKX Quanex NX

16.37 43.47 21.99 12.54 16.95 59.98 53.10 13.70 67.01 52.21 30.53 11.74 155.4 15.31 34.63 26.95 46.18 78.41 53.65 127.6 17.32 RBCBear r ROLL 38.53 RTIIntl RTI 43.38 RelStlAl .6 RS 62.26 Schnitzr .1 SCHN 93.10 SimsGr 2.9 SMS 35.36 StlDyna 1.2 r STLD 34.49 Tenaris 1.6 TS 53.35 Ternium 1.3 TX 37.55 Timken 1.9 TKR 36.15 Titanm 1.7 r TIE 17.36 USSteel .6 X . 171.1 UnivStnls USAP 35.93 Valmont .5 VMI 108.0 WSII 1.2 WSCI 12.97 Worthn 3.7 r WOR 18.38

+.25 +49 1.9m 9ò +.93 –22 2.3m 15ò –.26 –25 1.4m 13o +.15+234 445 12o +.70 –35 14 21k –1.82+110 314 11o +.21 –42 1.7m 15o +.38 –42 83 10ê +.92+220 794 11o –.23 –7 360 22ê +.53 –49 136 13ê +.11 –89 7 22ê –1.75 –24 965 23o +1.17+590 3.2m 24o +.13 –21 184 10ê +.35 –57 219 8k –.90 +47 141 20ê –3.46 –23 4.3m 15o –.33 –44 118 17o –1.10 –58 374 9o +.74 –86 192 5k +.54 –35 107 21ê –.52 –31 580 10o –.50 –14 797 11o –1.27 –38 427 19o –.36 –37 402 19o –1.68 +3 4.7m 15o –.56 –16 1.9m 16o –.22 +25 791 9o +.15 –25 512 14o –.61 –34 2.4m 14o –2.19 +29 6.5m 19o –.01 –60 23 11ê +2.77 –44 214 26o –.29 –56 80 28ê –.29 –50 558 15o

4. TRANSPORT 99 96 95 B B+65.6 CSX 1.1 r CSX 63.24 –.79 –68 1.8m 20o 98 99 97 A A–131 DryShip .9 DRYS . 91.96 +.05 –27 2.8m 9ò 97 95 94 A B–60.1 Kirby Corp KEX 56.68 +.24 –57 355 22o 87 65 78 A B 47.1 85 83 52 C B 59.4 55 89 28 A C+38.7 55 55 27 B B–32.3 88 73 91 D A 42.5 75 59 75 B B 29.9 84 64 87 C A+62.8 98 81 90 B B+106 99 90 92 B A–67.4 85 65 78 B B–58.5 85 70 79 B B+90.2 68 69 32 A C+32.5 66 28 53 C A 18.2 17 51 19 .. B–147 28 72 22 D D 99 84 66 72 C B 57.8 17 43 7 B D 40.9 42 63 27 B B–73.3 69 78 31 A B–40.3 94 94 91 A B+45.2 82 86 59 B A–30.5 94 71 95 A B+35.5 95 91 91 A B+21.5 95 97 94 A A+82.0 96 80 76 B B+54.5 51 58 44 C D–119 93 70 83 A B–41.9 76 68 97 .. B 61.7 99 80 97 A B+80.1 58 10 75 C A–32.0 95 76 95 B B+38.1 20 54 16 .. B–34.5

Aktslsk 12 TRMD AlxBldw 2.6 r ALEX Allegiant ALGT ACmclLn r ACLI ARBest 1.6 ABFS ArlingT 9 ATB AtlasAir AAWW BurlNSFe 1.2 BNI CHRobn 1.4 CHRW CdnNRwy 1.7 r CNI CndaPac 1.3 CP CapProd 7.9 CPLP CeladonGrp r CLDN ChinaEA CEA ChinaSAir ZNH Con–Way .8 CNW CtntlAirB CAL CopaHold 1.0 CPA Danaos 7.1 DAC DianaSh 6.7 DSX Dynamex r DDMX EagleBlk 5.9 EGLE Euroseas 7.4 ESEA ExcelMar 1.8 EXM Expedtrs .6 EXPD Fedex .4 FDX ForwdA .8 r FWRD Frontlne 10 FRO GenShp 4.2 r GNK GenMarit 7.4 GMR GenWyo r GWR GolInAir 2.0 GOL

34.86 48.06 25.05 15.91 38.44 23.70 60.99 103.5 63.92 54.62 73.12 19.79 10.56 43.22 31.10 47.88 17.38 35.40 25.86 32.58 24.62 33.29 14.58 45.15 46.93 90.37 34.33 61.07 75.26 27.11 37.61 15.89

–.91 +.19 –1.36 –.28 +.19 +.44 –.39 –.31 –.42 –.07 –.38 –.71 –.70 –.29 –.75 –.83 +.52 –1.01 –.14 –.17 +.02 +.53 +.11 –.09 –.38 –2.84 –.17 +2.21 –.62 –.38 +.27 –.30

–34 22 13ê –31 340 16o +33 185 15ê +39 1.1m 18o –46 422 15o –13 59 19ê +39 218 16ê –59 1.3m 19o –44 1.1m 32o –16 1.3m 16o –38 417 14o –53 44 13ê –3 153 25o –41 18 ..o –8 106 10ê –72 360 14x +54 7.7m 4o –9 453 10ê –22 60 11ê –26 972 18ò –40 26 17k –18 571 25o –50 105 8k –26 907 10ò –6 2.0m 37o +23 3.3m 14o –54 159 22ê –14 1.0m 8ò –16 656 18o –8 344 20o –47 196 24o –51 390 45ê

52 26 57 C B+27.7 68 97 33 B B+39.0 55 82 22 .. C+45.6 71 33 76 B B 17.5 25 49 3 C E 36.6 89 92 68 C B 39.4 88 67 89 B B–36.3 73 64 43 B B 48.5 97 97 92 C A+48.0 73 38 78 C B 20.5 70 44 90 .. A 34.0 45 70 25 A D–17.6 88 71 85 C B 55.0 67 22 78 D A–19.7 92 66 88 A A–19.8 57 82 31 .. C 19.8 94 79 87 B B 62.7 80 33 92 C A–30.5 86 53 79 C B 33.6 94 82 82 A A 24.7 90 69 89 B B–91.5 90 85 77 C A–27.5 81 33 87 A B+27.3 65 65 66 C B+14.1 41 81 25 B E 23.9 41 72 18 B C+49.2 36 34 31 D C+29.3 79 77 48 A B–37.8 70 17 82 B A–31.8 30 70 14 C D–29.5 57 81 49 D B+17.0 80 53 87 .. A 15.9 82 49 77 A C 20.0 30 31 39 B C 36.0 99 99 98 A B+71.2 44 15 38 C B+63.7 45 37 35 D C+38.9 76 41 85 B B+24.0 95 72 91 A B+19.7 85 89 73 B B+48.2 73 43 73 B B–39.5 3 10 2 C D–51.6 94 84 77 B A+28.7 94 67 90 B A–149 67 62 60 B C+79.0 48 14 47 C B 23.4 18 43 22 E D+15.2 95 94 92 A A–NH 55 31 62 D B–22.0

Golar 6.5 GLNG Greenbri 1.4 GBX GuangRy 1.9 GSH HrtlndEx .5 HTLD HorizLns 4.2 r HRZ HubGroup r HUBG HuntJB 1.2 JBHT K–Sea 8.4 KSP KCSouthrn KSU KnightTr .7 KNX KnightT 7.9 VLCCF LANAirA 3.5 LFL Landstar .3 LSTR MartnTrns r MRTN Navios 2.6 NM NaviosM 9 NMM NorflkSo 1.9 NSC OceanFr 10 OCNF OldDomFrt ODFL OmegaN 10 ONAV OvrseaSh 1.6 OSG Pacer 3.2 PACR ParagSh 9 PRGN PortecRl 2.2 PRPX RepubAir r RJET RyanrHldg RYAAY Saia SAIA Seaspan 6.7 SSW ShipFin 9 r SFL Skywst .7 r SKYW SwstAirl .1 r LUV StarBul 6.5 SBLK StlthGas 4.6 GASS TAMSA TAM

19.30 22.81 26.76 15.59 10.42 31.10 33.84 36.40 45.90 17.97 31.04 11.66 51.80 16.65 13.64 15.00 61.90 24.98 30.13 19.65 80.41 18.81 18.87 11.01 16.26 27.09 13.73 27.45 29.83 17.90 12.99 13.76 16.22 22.10 TBSIntlA TBSI 49.70 TeekaySh 2.3 TK 45.68 TeekLNG 7.4 TGP 28.49 TeekTnk 14 TNK 21.40 Textain 4.5 TGH 18.75 Trinity 1.0 r TRN 33.47 TsakosE 5.0 TNP 34.35 UALCorp UAUA 13.71 UTiWld .3 UTIW 21.89 UnionPac 1.2 r UNP 146.3 UPSB 2.6 r UPS 70.29 Vitran VTNC 14.58 Wabash 2.3 WNC 7.92 Wabtec .1 r WAB . 44.35 WernrE 1.0 r WERN 19.08

–.08 –37 165 9ò –.25 –47 119 9ê –.85 +30 85 19ê –.20 –73 252 22ê –.26 –38 582 8o –.71 –66 162 20ê –.31 –52 1.2m 22o –.29 –60 12 18ê –1.14 –27 877 25o –.01 –33 548 26o +.71 +50 177 14ò –.17 –25 359 12ê –.73 –41 440 25o –.25 –60 43 28ê –.07 +4 1.2m 13ò –.56 +92 127 14ê –.38 –53 1.7m 16o +.35 +54 161 44o –.61 –45 322 16ê +.27 –9 71 18ò +1.83 –46 493 12o +.39 +21 578 10o –.36 –32 162 25o –.19 –18 9 15ê –.10 –53 192 7ê –.81 –49 433 12k –.24 –39 83 14ê –.11 –75 105 23ê –.25 –33 249 17ò +.16 –19 593 7o –.24 –15 6.8m 20o +.10 +47 280 99ò –.28 –18 30 10k –.22 –51 472 49ò +2.90 +37 991 11o –.56 –64 202 19ò +.19 –44 91 ..ò +1.40 +45 202 13ê –.21+327 342 12ê +.29 –12 1.2m 9o +.56 –65 62 11k +.17 –14 4.8m ..o –.34 –63 316 20ê –.91 –57 1.3m 20o –.78 –28 3.9m 17o +.05 –87 4 16ê ... –29 165 29ê –.09 –8 513 18o –.22 –25 1.1m 19o

5. AGRICULTURE 99 94 91 B C+94.9 Deere 1.2 r DE . 86.31 –.51 –35 3.3m 19ò 99 96 99 B C+143 Mosaic MOS . 126.4 –.66 –42 4.2m 42o 99 99 99 A D+215 Potash .2 r POT 197.9 –1.15 –29 7.6m 46o 92 87 88 B C+72.0 96 74 99 A B 21.3 98 96 98 A B 95.5 81 81 56 B D 52.7 91 68 96 A C+39.8 96 79 92 B B 135 98 98 99 A C 159 78 92 40 B D 70.0 65 10 99 .. A–16.3 59 13 87 C C 16.2 97 77 98 A B+NH 71 48 58 C B+46.5 48 35 17 B B–28.9 99 85 99 B A–131 98 97 96 A C+132 28 36 14 C E 49.7 99 98 98 A A–31.7 93 82 95 B C+65.8 97 74 97 A B 53.5 98 98 96 A B–171

AGCO AG 59.15 AgFeedn FEED 19.03 Agrium .1 AGU . 86.70 Anderso .7 ANDE 42.81 ArtsWay .4 ARTW 22.26 Bunge .6 BG 120.1 CFInds .3 CF . 136.8 CNHGlobl 1.0 CNH . 43.86 ConvOrgn COIN 9.12 Cosann CZZ 13.21 DarlingIntl DAR 16.18 Kubota 1.3 KUB 35.78 LSBInds LXU 17.05 Lindsay .3 LNN . 108.3 Monsnto .6 r MON . 119.7 ScottMG 1.8 SMG 28.44 ScQmMra 1.0 SQM 27.87 Syngenta 1.7 SYT 60.21 TerraI .2 TRA 44.01 TerraNit 11 TNH 145.5

–.30 –.04 +.34 –1.57 +1.20 +1.33 –.64 +.01 –.15 –.08 +1.25 –.90 +.31 +1.66 –1.43 –.13 +.52 –.04 +.69 –2.59

–12 1.6m 20o +11 802 76o –43 2.6m 20o +45 300 11o –32 8 18ê –50 1.6m 14o –53 1.4m 17o –66 216 16o –69 315 ..k –69 227 50o +81 2.4m 22o –57 32 14k –46 185 9ê –48 279 51o –54 3.8m 38o +3 642 13o –51 365 36ê –60 325 26o –26 3.3m 14o –62 132 11ê

6. MEDICAL 95 99 75 A B–75.4 Celgene 58 38 77 B E 14.8 79 82 68 B C+40.0 70 75 44 A B 61.1 50 17 85 E C+16.0 78 49 95 C C+73.4 27 32 37 E C 43.4 57 87 31 B D 60.0 63 72 34 B C 59.5 58 28 87 D B–19.1 91 88 80 A B 162 84 62 88 D B+80.1 28 31 17 B B–29.7 61 82 29 A D–70.4 92 95 83 A B 25.4 81 74 79 D C+37.4 79 47 82 C B 28.7 95 91 93 A B+53.5 64 78 48 B B 22.2 42 78 25 B E 41.0 44 65 40 C D 52.0 53 77 29 B E 63.6 31 35 27 E B–18.2 69 74 68 B D–29.8 19 6 22 D D 53.3 73 62 75 C B 79.0 77 99 27 A A 21.8 38 78 13 B D+15.7 80 87 77 B D+37.7 53 61 35 D D 17.0 32 50 12 B E 31.6 50 2 98 E B 16.3 65 65 47 A B–65.7 80 86 45 A A–56.6 46 41 61 D E 14.4 61 32 95 D C+36.1 81 80 76 A C+100 37 48 21 B D–58.4 81 76 79 A C+65.2 67 55 59 B D+77.0 82 79 76 A B–93.2 77 52 89 C B–16.3 63 39 70 C B+115 71 85 33 B C+35.8 93 96 78 A C+84.8 91 74 97 D B+41.0 26 35 19 B B–26.5 62 57 73 C B+16.8 57 69 27 A B–32.4 11 5 34 D C+48.4 87 58 94 A B+16.7 28 52 11 C D–19.3 90 56 81 A B 18.7 43 61 31 C B–73.0 81 74 97 .. ..24.9 58 52 56 B B–84.8 79 63 90 D B–33.4 84 74 80 B B+69.0 90 97 81 A C+57.5 78 69 91 B C 29.2 36 70 30 B D–57.6 26 11 40 E C 28.9 75 44 97 E B+11.6 71 25 84 C C+44.5 32 13 53 D C+22.2 62 69 44 C A–32.0 31 38 29 C C 57.6 89 89 80 B C+96.8 48 77 24 A D+64.0 72 42 88 B B 49.5 70 74 38 A D–25.7 65 51 93 E A–20.8 78 98 29 A B+45.0

CELG . 62.49 +.02 +23 5.5m 51o

APPPhm APPX 11.88 Abaxis ABAX 25.65 AbbotLa 2.8 ABT 51.78 Abiomed ABMD 14.63 AbraxisBn ABII 62.09 AdvMOpt EYE 23.47 Aetna .1 r AET 43.25 AirMethods AIRM . 38.12 AlbanyMlc AMRI 13.48 Alcon 1.6 r ACL . 154.7 AlexionPhr ALXN 72.03 AlignTech r ALGN 12.44 Allergan .4 AGN 52.87 AlmstFam AFAM 21.60 AlnylamPh ALNY 27.67 Alphrma r ALO 25.32 Amedisys AMED 52.88 AmMedSys AMMD 14.48 Amerigrp AGP 25.53 AmeriBrg .7 r ABC 41.19 Amgen r AMGN 42.05 Amicusn FOLD 9.94 AmsurgA AMSG 24.95 Amylin AMLN 28.48 Analogic .6 r ALOG 61.81 AngioDyn ANGO 15.00 AnimalH AHII 7.95 AppldBio .5 r ABI . 33.91 AppCelera CRA 12.76 ApriaHlth AHG 15.87 ArdeaBion RDEA 13.87 Arthrocare r ARTC 42.35 AstraZen 4.6 AZN 40.55 AtriCure ATRC 11.38 Auxilium AUXL 30.25 BardCR .7 r BCR . 91.22 BarrPharm BRL 39.99 BaxterI 1.4 r BAX 61.25 BeckCltr 1.0 r BEC 67.30 BectDck 1.3 r BDX 86.99 BntlyPhar BNT 15.39 BioRadA BIO 87.12 BioRefLabs BRLI 24.76 BiognIdec r BIIB 62.07 Biomarin BMRN 39.00 Biovail 11 BVF 12.64 BostonSci BSX 13.42 BrstMySq 5.7 BMY 21.71 Brookda 4.0 r BKD 25.22 BrukerCorp BRKR 11.88 Cantel CMN 9.15 CaracoPh CPD 16.20 CardlHth 1.0 r CAH 54.15 CardioNetn BEAT 23.66 Cephalon CEPH 65.31 Cepheid CPHD 23.64 CharlsRvLb r CRL . 61.72 ChnaMd 1.0 CMED 38.68 Chindex CHDX 22.38 CIGNA .1 CI 41.28 ClincData CLDA 16.61 CombiMxrs CBMX 10.76 CommtyHlth CYH 36.23 Conceptus CPTS 16.75 Conmed CNMD 25.61 CooperC .2 COO 37.51 Covance CVD . 83.08 CoventryHt CVH 44.51 Covidie 1.3 COV 48.79 CubistPhr CBST 18.27 Cyberonics r CYBX 17.03 Cynosure CYNO 23.98

+.07 +16 383 17o +.46 –34 264 45o +.50 –12 6.5m 17o +.30 –56 76 ..k +.69 –67 7 99ê +.57 –50 446 ..o –.28 –56 2.1m 12o –.57 +56 391 19o –.20 –29 132 49o –1.10 –30 324 27o –.42 –45 469 ..o +.18 –39 607 20o –.32 –18 2.3m 23o +.65 –15 57 14ê +2.28 +72 1.1m ..o –.25 –32 665 35ê +.94 –32 407 21o –.06 –27 638 30ê +.28 –47 584 10o –.57 –6 1.5m 15o +.03 –62 3.9m 9o +.08+166 80 ..ê –.19 –68 73 17ê +.43 +1 2.4m ..o +2.44 –4 138 27ê –.14 –78 77 13ê +.18+109 237 19ê +.15 –26 1.7m 20o +.18 –36 391 ..ê –.02 –39 433 8o –.33 –95 3 ..ê +.50 –31 684 26o –.76 –47 1.0m 8o +.13+115 25 ..ê +.57 –77 183 ..o –1.16 –40 472 23o +1.89+335 6.5m 13o –.45 –33 2.4m 20o +.25 –38 283 20ê –1.01 –45 771 21o +.07 –5 187 59o –.77 –18 85 25ê –.37 –58 44 24ê –.63 –37 2.0m 19o +1.49 +62 3.0m ..o +.35 –24 711 7o –.26 –36 6.8m 15o –1.08+118 29m 14o –.64 –1 898 ..ê –.15 –28 758 31ê +.18 +15 94 15o –.18 –63 25 18k –.02 –62 955 14o –.34 –27 81 99ê +.27 –13 1.4m 17o –.69 –48 625 ..o –1.30 +14 834 22o –1.52 –23 472 21o –.50 –8 217 40ê +.11 –36 1.7m 10o –.45 –50 29 ..o –.04 –43 17 ..k +.89 –13 859 64o –.08 –8 403 ..o +.79 –42 126 17ê +.32 –51 292 16ò –.15 –47 305 29o –.47 –44 1.1m 11o –.62 +52 3.6m 19o –.07 –24 896 13o –.05 –76 64 ..ê +.13 –2 230 14o

76 64 86 D B 41.9 70 76 50 B B+67.4 79 80 75 A D 47.8 55 28 71 B B–18.7 81 60 90 B B+57.3 59 14 94 E B NH 54 72 32 A D 35.9 87 78 91 B C+28.7 88 94 92 C B–79.1 56 81 27 A D 56.7 81 84 80 B C 58.0 57 10 91 D B 20.4 88 87 63 B B–71.8 78 89 48 A D 82.2 41 40 46 D C 27.0 90 74 84 A B 37.9 62 83 45 C C+23.0 93 89 70 A B–82.1 96 89 93 A B–54.6 52 83 25 B D–32.8 59 65 42 A B–58.2 75 70 70 B D+64.3 85 69 88 D B+13.3 9 34 8 C E 59.3 88 83 73 B B–32.2 60 48 82 .. B 23.0 71 93 36 B A–24.5 45 71 10 A D–71.2 68 80 56 B C+63.6 23 31 12 C C+51.9 70 98 19 A D 36.4 78 66 74 A D 44.6 41 87 12 B C+88.1 72 50 80 D C+24.2 97 89 95 A B–74.9 86 35 98 D A+15.0 82 87 52 A B–64.7 89 47 97 A B+81.9 86 52 86 B A 49.2 83 92 44 A A 40.0 46 4 94 E B–12.8 63 81 40 A D–52.9 24 9 32 E B+28.1 94 99 94 A C+359 38 76 29 D D–27.8 45 61 19 B D+65.0 89 88 86 B B 99 69 86 52 B C 22.5 51 60 45 D D–20.2 83 71 79 A B 68.9 69 74 38 A B–31.5 84 98 65 B D–51.6 74 69 79 C B+31.8 50 24 89 E B+28.7 58 92 17 A E 66.8 66 66 31 A A–30.0 89 84 70 A B 82.3 83 72 96 .. B 29.3 96 83 96 A B+50.9 79 49 84 C A–40.8 56 65 39 A D–60.0 56 75 18 A C 40.9 78 43 94 D B 21.4 68 37 80 C B–22.6 74 78 61 B B+44.6 29 30 30 B C 49.3 94 88 95 C A 36.8 88 58 92 B A 42.0 61 71 58 C C 68.4 49 94 16 E D–34.6 80 68 84 C C+54.6 80 36 82 C A 21.9 65 81 33 A C+34.4 68 87 44 B C+31.6 68 64 58 A C+58.0 57 66 23 A B 48.8

Datascp 1.0 DSCP 40.00 DaVita DVA 51.87 Dentsup .4 r XRAY 40.76 DrReddys .5 RDY 15.25 EdwdLfSci r EW 55.81 Elan ELN 27.47 EndoPhrm r ENDP 23.89 Exactech EXAC 24.05 ExprsScrpt ESRX 70.79 ForestLabs r FRX 33.90 FresenMd 1.2 FMS 53.41 GTxInc GTXI 17.46 GenProbe GPRO 56.81 Genentech r DNA . 68.53 Genomic GHDX 19.16 Genoptixn GXDX . 30.59 GntvaHlth GTIV 18.06 Genzyme r GENZ . 69.54 GileadSci r GILD . 53.64 GivenImg GIVN 16.47 GlaxoSK 4.9 r GSK 43.90 Haemonetic HAE 54.86 HangrOrth HGR 12.00 HealthNet r HNT 28.08 HlthExt HLEX . 28.30 HlthSouth HLS 19.76 HlthSprg r HS 17.76 Healthwys HWAY 31.91 HenrySchn HSIC . 55.17 Hill–Rom 4.0 HRC 28.45 Hologic HOLX 22.18 Hospira HSP 40.99 Humana r HUM 45.46 IPCn IPCM 21.93 IconPLC ICLR 73.01 IderaPhm IDRA 14.54 Idexx Labs r IDXX 51.07 Illumina ILMN 78.57 Imclone IMCL 44.83 Immucor BLUD 27.53 Incyte INCY 10.78 IntgLfSci IART 40.63 Intermune ITMN 15.29 IntSurg

ISRG . 289.1

Invacare .3 IVC 18.89 InvrnsMed IMA 34.56 Invitrogen IVGN 93.55 IRISIntl r IRIS 14.18 IsisPhrm ISIS 11.77 JohnsnJn 2.8 r JNJ 66.55 KVPharmA KVA 24.29 KendleInt KNDL 38.00 KenseyNsh r KNSY 28.72 KindredHl KND 28.42 KineticC KCI 38.05 LHCGroup LHCG 20.48 Laboratory r LH 77.04 LfSciR LSR 26.94 Life Cell LIFC . 50.74 LifepntHos r LPNT 31.90 LillyE 3.9 LLY 48.25 LincareHld LNCR 25.88 Luminex LMNX 19.86 MDSInc r MDZ 19.81 MWIVet MWIV 36.57 MaglnHlth MGLN 36.93 MartekBio MATK 34.96 Masimon MASI 31.65 McKesson .4 MCK 57.26 Medcath r MDTH 19.18 MedcoHlth MHS 49.49 Medicines MDCO 20.04 MedicsPh .7 r MRX 22.35 Medtox MTOX 16.18 Medtron 1.0 r MDT 47.79 Mentor 2.8 r MNT 28.67

+2.34 +46 145 30ê +.06 –56 442 15o +.40 +8 1.4m 23o –.08 –10 221 13ò –.17 –48 262 25ê +.46 +18 4.5m ..o –.34 –28 1.1m 12o –1.74+191 172 28ê –.17 –57 1.3m 27o –.36 –8 3.0m 9o +.51 +4 79 21ê +.30 –23 262 ..ò +.44 +37 689 35o +.21 –42 2.4m 22o –.11 +6 221 ..o +3.51+430 547 28ê +.16 –41 154 13ê +.16 –26 1.9m 19o –.47 –52 4.0m 28o +.23 –72 22 43ò –.49 –18 1.4m 11o –.14 –7 225 26ê –.06 –21 127 17ê –.02 –56 1.3m 9o –.20 –23 241 28o +.44 –18 455 ..o +.15 –39 415 10ê ... –64 309 25o –.03 –30 585 20o –.03 –37 409 9ò –.51 +41 9.5m 19o +.24 –2 1.0m 18o –.62 –44 3.0m 9o –.11 –35 28 ..ê +.91 –64 67 35o –.10 0 80 ..k –.53 –29 292 30o +.08 –62 414 56o +.32 –13 1.4m 32o –.03 –74 281 27ê +.17 –62 507 ..o –.38 –43 149 24ê –.30 –72 209 ..o +1.53 –60 451 70o +.56 –25 316 15ê +2.56+241 5.1m 24o +.71 –53 348 18o +.19 –77 39 30o +.51 +24 2.4m ..ò –.35 –26 8.7m 15o –.11 –69 103 99k –.31 +36 367 22o –.27 –39 43 32ê +.12 –11 303 20o –.19 –56 636 10o +.15 –67 78 14ê +.24 –53 527 17o –.05 –58 22 15ê +.04 –73 392 62o +.40 0 1.1m 14o –.18 –32 4.1m 13o +.36 +22 1.4m 9o +.83 +37 351 ..o +.48 –48 77 50ê +.19 –73 30 25ê +.83 +1 455 16ê +.28 –65 195 42ò +.10 –48 218 41o –.09 –38 1.7m 16o +.92 –53 142 17ê +.28 –51 2.5m 26o –.22 +9 712 35o +2.15+357 3.8m 14o –.15 –66 13 21ê –.08 –20 4.1m 19ò +.80 +62 1.2m 18k


B12

MONDAY, MAY 12, 2008

INVESTORS.COM

IBD’S RESEARCH TABLES Continued IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 45 65 24 A C+61.6 85 92 76 A C+37.0 69 74 73 C C+17.4 92 74 99 C A–25.0 66 75 58 A D–83.2 94 97 91 A C 45.2 79 34 98 D A–16.0 27 15 19 B D–22.9 50 39 65 D D+59.2 95 95 93 B B+21.8 86 86 88 B C 28.5 62 57 59 B C+59.2 82 76 87 A E 73.7 84 74 90 C B+45.0 78 67 58 A C 52.0 73 74 50 D B+29.8 29 29 34 E B 38.8 45 72 12 B D 31.1 57 61 35 C B 61.2 45 5 69 E C+15.8 79 81 85 B B 48.1 64 79 47 C B–21.3 70 84 44 B B–49.0 19 41 9 B D–41.2 88 86 78 B B–29.8 69 72 75 C C+40.1 78 80 56 A B–72.5 92 84 92 B B 43.1 38 60 29 B D–27.7 88 78 80 A C+49.4 41 28 88 D D+36.4 89 80 91 D B NH 92 95 79 B B+40.7 92 82 84 A B–23.8 77 72 56 B C 58.6 76 93 55 B D+21.1 67 47 75 D B–28.6 63 78 45 A E 54.6 63 15 99 E B 31.0 61 15 92 D A–19.8 45 80 37 .. D–49.0 55 2 98 E B NH 55 63 19 A B–33.8 68 84 37 A C+28.8 25 31 13 B D 55.2 55 78 25 A D–81.0 96 99 86 A A–19.3 54 71 30 C C 39.9 78 94 55 C A 16.8 63 77 34 A E 69.2 54 77 27 B C 29.5 76 85 50 C B+39.2 77 90 55 A C+48.1 76 63 90 C B–31.7 78 88 52 A C+76.9 59 57 38 B A–18.8 66 49 60 A C 56.8 27 22 29 D D+19.2 46 54 31 B C 26.9 72 74 85 C D 24.6 95 90 89 A B 76.2 93 94 73 A B–50.0 31 59 5 B D+27.6 72 43 78 D B+14.5 66 81 83 C D–22.3 91 74 90 B B+NH 88 68 86 A B+110 32 78 12 C D+59.5 92 73 91 C B+63.5 78 82 42 A B–46.2 74 60 86 D C+20.5 81 82 58 A D 54.7 44 5 85 E B+41.4 57 74 17 A D+27.0 78 70 81 B B–NH 36 32 28 C B–22.5 69 46 66 A B 20.0 72 75 65 C C 33.9 66 97 37 A B+128 29 75 13 C C+90.0 81 72 83 B A–52.3 79 71 79 C B–31.8 73 99 30 A C+45.7 66 66 58 A B–62.2 30 23 29 B E 66.3 61 79 39 A D–91.5 92 74 94 B B 34.9

Stock

Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E

Merck 3.9 MRK 38.99 MeridBio 2.0 VIVO . 28.08 MeritMed MMSI 14.42 MillPharm MLNM 24.96 Millipore MIL 70.51 Mindray .4 MR 38.97 Momenta MNTA 13.95 Mylan MYL 11.42 MyriadGn MYGN 41.02 NatusMed

BABY . 20.92 25.68 50.91 67.49 39.99 35.72 23.56 23.75 13.59 34.87 12.67 45.70 17.22 35.59 11.25 24.69 35.79 58.85 33.35 19.79 42.17 15.50 18.76 37.28 21.44 49.94 15.00 20.45 40.28 22.24 13.07 36.45 24.60 18.65 20.03 19.71 50.08 Simceren SCR 14.68 SironaDen SIRO 27.04 SklldHcren SKH 13.97 Smith&Ne 1.1 SNN 54.18 Somanetics r SMTS 16.73 SonoSite SONO . 31.65 StJudeMed r STJ 40.93 Steris .8 r STE 31.01 Stryker .5 r SYK . 64.48 SunHlthcr SUNH 14.29 Surmodics r SRDX 43.93 SymtryMed SMA 14.24 SyneronMd ELOS 14.99 Synovis SYNO 16.76 Techne r TECH 73.55 TevaPhrm .8 TEVA 45.24 TomoThern TOMO 9.53 TransThgn TTHI 11.99 Triple–Sn GTS 18.07 USPhyTh USPH 16.59 UtdThrp UTHR 89.87 UtdhlthG .1 UNH 32.94 UnvHlthS .5 r UHS 63.00 VCAAnt WOOF 33.61 VNUSMed VNUS 16.50 VarianMed VAR 45.89 VertxPhar VRTX 26.90 VirtualRn VRAD 13.68 VitalSgn .7 VITL 55.51 Volcano VOLC 12.47 WarnerCh WCRX 16.80 WatsonPhar WPI 28.27 Wellcare WCG 48.00 WellPoint WLP 52.73 WstPhm 1.2 r WST 45.51 WrightMed WMGI 28.61 WuXin WX 18.91 Wyeth 2.5 r WYE 43.93 XenoPort XNPT 40.60 Zimmer r ZMH 69.30 ZollMed ZOLL 32.74

Neogen NEOG Novartis 2.6 NVS NovNrdSk 1.0 NVO NuVasive NUVA OSIPharmac OSIP OSISystem OSIS Omnicare .4 r OCR Omnicell r OMCL OnyxPhrm ONXX Osiris OSIR OwensMin 1.8 OMI PSSWorld r PSSI Pall 1.5 PLL PalmrMd r PMTI Parexel PRXL PattrCos r PDCO PeditrxMed r PDX Perrigo .6 r PRGO Pfizer 6.5 PFE PhrmPdt .9 r PPDI Pharmsstn VRUS Pharmern PMC PsycSol PSYS QiagenNV QGEN QstDiagn .8 DGX Quidel QDEL Regeneron REGN Resmed RMD RigelPh RIGL SngmoBio SGMO SanofAvt 5.8 SNY SavientPh SVNT ScherPlg 1.4 SGP ScielePh r SCRX Sepracor SEPR ShirePlc .5 SHPGY

–.10 –45 12m 11o +.18 –64 167 41ê –.03 –31 130 24ê +.06 –74 3.6m 92ò –.08 –23 558 20o –.58 –19 645 44o –.24 –15 381 ..o –1.04+326 36m 11o +.02 +9 687 ..o +.15 –33 181 40o +.17 –44 24 33ê –.29 +16 2.3m 17o –.15 –68 84 24ê +1.81 –34 428 99ê –.70 –33 680 19o +.11 –48 57 39ê +.18 +6 2.1m 17o +.22 –50 463 13o –.63 +14 1.5m 99o +.90 +66 138 ..o +.02 –47 286 21ê +.08 –37 405 20o –.29 –28 855 20k +.08 –43 169 11o –.21 –76 175 30o +.41 –15 1.3m 21ò +.04+184 952 19o –.56 –10 1.3m 23o –.18 –18 35m 9o –.12 –23 700 28ê +.23 –39 83 ..ê +1.61+428 1.2m ..o +.07 –66 411 22o –.83 +3 801 32o +.08 –57 545 16o ... –40 178 28o +.67 –37 405 ..o +.09 –42 375 24ê +.21 –58 300 ..o –.03 –21 296 ..o –2.31+257 4.8m 9o +.70 +4 1.4m ..o –.06 –65 7.8m 12o +.47 –10 665 10o +.32 +2 2.5m 12o –1.16 –49 741 16o +.88 +55 199 18ê –.99 +43 510 60o –.06 +28 219 17ê +.41 –50 60 20k +1.12+138 622 26ê –.17 –60 108 62ê –.50 +32 4.1m 20o +1.26 +47 846 21o –.13 +6 2.1m 25o –.14 –42 394 17o +.22 –63 45 44ê –.41 –52 208 ..k –.32 –63 65 9ò –.01 –35 66 45k +.02 –50 111 29o –.32 –47 2.7m 17o +.23 –58 268 99o –.24 –87 9 ..ê +.27 –36 123 9ê +.31 –5 75 21ê –.90 –14 535 61o –.06 –58 5.2m 9o +1.00 –43 364 18o +.13 –59 443 23ê +.15 –82 23 ..ê –.66 –38 749 20o +.37 –40 1.9m ..o –.30 –61 18 36ê +2.95+293 122 21ê +.07 +75 496 99o –.71 +90 896 13o +.07 –38 734 18o –.84 +14 1.0m 9o +.22 –59 3.2m 9o +.29 –67 100 19o +.41 –42 275 34ê –.45 –62 163 35o –.46 –36 5.7m 12x +.38 –20 356 44o –1.90+261 7.1m 16o +.81 –32 260 34o

7. BUSINESS SVC 43 60 44 D B–31.2 95 90 78 A C+44.0 68 91 45 B D+41.9 56 82 27 A D–69.5 85 65 79 C A 60.0 45 74 42 .. C 26.5 88 86 85 D B 14.1 87 80 50 A A–40.4 93 83 84 A B–28.5 82 80 77 A B 32.5 45 59 37 B D 73.4 59 42 72 B C+55.6 73 69 64 A C+50.3 41 93 7 C D 53.2 20 38 11 B D–27.7 98 94 87 B A+74.6 92 68 85 C A–55.0 74 71 86 D B 33.9 82 74 81 C C+12.0 60 91 19 A C+28.2 88 74 95 C B+19.0 39 23 47 E C+16.2 74 65 67 B B 30.5 82 64 94 B B+49.2 55 66 36 B B–41.0

ABMInd 2.4 ABM 20.48 Accentur 1.1 r ACN 37.75 Adminstf 1.6 r ASF 27.44 AdvsrBrd ABCO . 45.85 AffCmp r ACS 53.09 AirMedian AMCN 17.99 AlliedWst AW 12.47 Amdocs r DOX 31.67 AmEcol 2.4 ECOL 24.81 AmerRepro ARP 19.18 AmerSci 1.7 r ASEI 47.97 Arbitron .9 r ARB 46.23 AutoData 2.7 ADP 43.10 BakerMichl BKR 20.23 BarrettB 2.6 BBSI 12.12 Brinks .6 r BCO 71.36 CACIIntl CAI 51.07 CDI 1.9 r CDI 27.64 CGIGroupA GIB 10.85 CSGSystm CSGS 12.41 CalgnCarb CCC 17.48 CslaWstA CWST 10.52 ChckptSys CKP 24.49 Choicepnt r CPS 48.35 Cintas 1.5 CTAS 29.86

... –50 138 21ò –.20 –47 1.7m 16o –.17 +6 414 14o –1.42+446 1.2m 26ê –.12 –53 429 15ê –.91+131 464 59o +.08 –5 4.7m 14o –.27 –72 409 14o –.03 –66 43 22ê +3.00+516 1.6m 12ê –.68 +1 79 19ò +.22 –46 175 32ê +.25 –45 1.5m 20o –.47 +8 66 8ê –.08 +5 67 9ê –.61 –39 318 19x –.63 –25 241 19o +.11 –59 66 17ê +.04 –38 93 13ê –.14 –59 173 5o +.30 –22 506 47o +.15 –57 80 ..o –.63 –33 221 17o +.01 –32 901 28ê +.15 –53 638 13o

Psychological Market Indicators Date

12 MONTH HISTORY Low Date High

Date

5 YEAR HISTORY Low Date High Current

Public/NYSE Specialist Short Sales 06/01/07 6.59 01/18/08 21.00 02/04/05 1.18 01/18/08 21.00

11.43

...............................................................................................

CBOEMarket Volatility Index (over 50 is bullish) 05/23/07 11.8 01/22/08 39.0 07/15/05 8.2 01/22/08 39.0

20.6

Ratio of price premiums in Puts versus Calls 01/21/08 0.34 02/06/08 1.95 01/21/08 0.34 06/05/03 1.98

0.74

............................................................................................... ...............................................................................................

MutualFund Share Purchases/Redemptions(X-Money Market Funds) 08/01/07 0.96 12/03/07 1.40 08/01/07 0.96 12/01/06 1.50 1.12 ...............................................................................................

NASDAQ Daily Trading Volume as % of NYSEDaily Volume 08/17/07 101.4 05/05/08 193 09/16/05 79.1 05/05/08 193

158

...............................................................................................

Number of Stock Splits in IBD 6000 (prior 30 days) 03/03/08 15 07/04/07 71 03/03/08 15 06/19/06

87

28

New Issues in Last Year as % of All Stocks on NYSE 05/06/08 6.8% 12/13/07 9.0% 07/30/03 1.8% 03/16/05 9.3%

6.9%

Price-to-Book Value of Dow Jones Industrial Average 03/10/08 3.18 10/09/07 4.42 03/10/08 3.18 10/09/07 4.42

3.45

Priceto Earnings Ratio of Dow Jones Industrial Average 11/26/07 15.5 05/02/08 65.3 11/26/07 15.5 05/02/08 65.3

64.1

Current % Dividend Yield of Dow Jones Industrial Average 07/19/07 2.12 03/10/08 2.69 02/17/04 1.95 03/10/08 2.69

2.55

............................................................................................... ............................................................................................... ............................................................................................... ...............................................................................................

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

IBD Composite Rating Earnings Per Share Growth Rating 52-wk Dividend Close Vol% Vol P Relative Price Strength Rating High Stock % Yield Symbl Price Chg Chg 1000 E Sales+Profit Margins+Return On Equity 6 6 666 Accumulation/Distribution (last 3 mos) 72 44 82 D B+69.0 Ashland 2.0 ASH 56.25 –.32 –24 631 17o 95 89 89 A C 24.9 Balchem .5 BCPC 23.15 +.60 –33 52 24ê 52-wk Dividend Close Vol% Vol P 68 32 68 C B–20.3 Braskem 4.7 BAK 15.99 –.22 –36 141 7k 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 51 15 46 C B+49.1 Cabot 2.2 r CBT 32.01 –.03 –48 227 23ê 94 95 91 B B–68.0 CleanHrbr CLHB 65.62 +.77 –44 171 27o 97 96 92 A A–NH Celanese .3 r CE 46.35 +.76 –4 1.3m 13o 47 82 16 B C+30.1 ClearCha CCO 18.05 –.84+376 1.2m 26ê 53 68 15 B B 84.4 Ceradyne r CRDN 38.70 +.10 –66 240 7o 86 99 32 A B 44.4 CognizntTc r CTSH 29.73 –.11 +12 5.0m 21o 90 93 99 .. C 76.3 CompsMn 2.0 CMP . 66.49 –.74 –40 471 24o 79 58 89 C B+38.0 Coinstar CSTR 36.66 –.16 +38 449 33o 87 85 68 C B+74.3 CytecInd .8 r CYT 60.44 –.55 –75 123 14o 54 62 31 C B 18.3 ComDivHl 10 CODI 12.70 +.17 –26 103 74k 85 62 67 B B 48.0 DowChm 4.1 DOW 41.23 –.04 –1 6.3m 11o 55 61 36 C D+63.8 ComputrSci CSC 43.54 –.27 –44 620 10o 82 86 82 C B 76.7 EastChm 2.4 r EMN 72.13 –1.17 –45 586 13o 64 74 36 A C+42.0 ComScoren SCOR 21.42 –.52 +71 502 31o 95 83 96 B B NH FMC .7 FMC 67.22 +2.19+149 2.0m 19o 73 88 68 C B–79.1 ConsldGrph r CGX 57.83 –.99 –61 59 12ê 84 75 76 C B 36.9 GenTek r GETI 31.66 –.55 –51 15 10ê 36 50 38 D C+26.4 Convergys r CVG 15.36 –.16 +7 954 12ê 68 51 81 .. B 32.8 Grace WR GRA 25.18 +.01 –69 263 11o 90 83 91 A C+43.3 Copart r CPRT . 41.50 +.55 –58 320 26ò 86 71 77 B C 22.5 Hercules 1.0 r HPC 19.40 –.04 –16 1.2m 12o 71 82 71 D B–27.8 CornellCos CRN 22.00 –.45 –31 73 20ê 57 25 60 C C+28.4 Huntsm 1.8 HUN 22.65 –.58 –6 1.6m 24o 51 67 33 B B 77.0 CorpExec 4.0 EXBD 44.55 –.25 –36 232 20o 95 63 98 E A+23.5 Innophos 3.0 IPHS 22.75 –.39 +14 202 91ê 56 71 38 B D 33.4 CorrecCp CXW 24.59 –.64+110 1.4m 22ê 79 46 78 B B+32.5 Innospec .5 r IOSP 22.05 +.81 +49 238 13ê 91 75 90 B B 33.6 Corvel CRVL 32.58 –.41 –30 41 20ê 67 67 33 A D 28.3 KMGChe .6 KMGB 13.46 –.13 –50 20 16k 91 91 83 C A+63.1 CostarGrp CSGP 49.37 +.11 –24 184 49o 91 97 96 .. B 52.0 Koppers 1.8 r KOP 48.55 –.31 +29 375 16ê 37 39 24 B D+26.1 DGFast DGIT 16.65 –.27+225 405 23o 50 17 81 D D+33.3 Kronos 4.1 KRO 24.15 –.35 –13 26 67ê 49 76 31 B D 45.3 DonllyRR 3.3 RRD 31.28 –.18 –38 859 10o 84 56 83 A C+30.9 Methnx 2.3 MEOH 27.43 –.24 –42 433 7ò 81 82 57 A B+108 DunBrad 1.4 r DNB 86.96 –.29 –17 326 18ê 78 61 79 E B 72.3 MinrlTec .3 MTX 69.37 +.48 +18 220 ..ê 58 66 44 D C+29.1 ElecData 1.1 r EDS 18.86 –.19 –25 2.5m 13o 91 88 82 B B–31.0 NalcoHld .6 r NLC 23.92 –.01 –18 825 18o 83 96 68 B B+38.7 EMCOR EME 25.99 –.05 –66 347 12o 96 97 92 B C+93.6 NewMkt 1.3 r NEU . 63.88 +.12 –46 201 14o 82 92 55 A B–29.0 ExlSvc EXLS 19.93 –1.06 +2 142 22o 84 97 33 B B–41.8 NovaChm 1.4 NCX 27.84 +.18 –38 500 5ê 90 89 90 A C 38.8 Exponent r EXPO 31.79 +.22 –48 79 23ê 92 94 81 D B+NH Nuco2 NUCO 29.53 +.15 +71 127 46o 87 81 91 A D+72.1 FTICnslt r FCN . 60.77 –.97 +39 1.3m 25o 90 71 78 A D–66.0 O M Group OMG 51.85 –.82 –8 744 8o 85 90 75 A C+74.0 FactsetR .8 r FDS 60.03 +.10 –56 285 26o 74 69 38 A C+82.4 PPGInd 3.4 PPG 62.08 –1.03 –58 665 12o 86 86 57 A B+25.4 51Job JOBS 17.99 +.01 –59 17 24k 43 55 30 C D–41.3 Penford 1.2 PENX 20.60 –.34 +4 92 11ê 67 81 77 C D+25.1 FirstAdvn FADV 19.29 –.21 –79 22 15ê 90 74 95 C B 24.7 Polypore PPO 21.97 +.48 –51 92 34ê 68 90 36 B B 38.3 Firstservice r FSRV 24.20 +.34 –39 13 16k 98 87 89 A B–96.0 Praxair 1.6 r PX . 92.47 –.90 –44 1.2m 24o 67 97 35 A D–66.3 FocusMed FMCN 39.03 ���1.45 –56 2.4m 25ò 91 66 94 C B 33.5 QkrChem 3.2 KWR 28.86 –.16 –68 39 18ê 94 90 88 B A 31.4 ForrstrRes FORR 30.07 +.32 –14 78 24ê 94 95 86 C A–40.0 RockwdH ROC 34.86 –.27 –21 290 18ê 39 77 27 D D–44.5 G&KSvc .6 r GKSR 31.24 +.34 –13 146 13ê 84 75 70 B D+62.7 RoHaas 3.0 r ROH 54.00 –.72 –54 790 15o 88 89 90 B B 28.4 Gartner IT 23.88 –.23 –7 626 30o 71 87 73 D C+26.0 Schlmn 2.8 SHLM 21.71 +.03 –47 96 16ê 80 78 42 A C 18.9 Genpactn G 13.30 –.13 –74 80 23ê 91 81 89 A D–63.0 SigmAl .9 SIAL 57.78 –.37 –45 948 23o 65 84 45 C D 32.9 GeoGroup GEO 24.11 –.75+102 843 24ê 28 22 16 C D 102 Sinopec 4.7 SHI 38.30 –1.18 –45 56 68ê 34 44 17 A D–37.4 GeoEye GEOY . 18.93 –3.05+876 3.2m 9ò 59 4 99 .. B–17.7 Solutian SOA 11.72 –.28 +68 407 ..ê 46 63 31 B D 18.5 Greenfld SRVY 12.15 +1.04+294 650 24ê 94 82 93 C B+42.5 Stepan 2.2 SCL 39.03 +.33 –75 26 19ê 51 89 19 A E 37.1 HMSHld HMSY 20.37 ... –44 246 35o 68 22 97 E B 28.9 Valhi 1.4 VHI 28.01 –.27 –64 27 ..ê 42 70 18 C C 25.3 HlthcrSv 3.5 HCSG 15.90 +.02 –51 255 23ê 55 53 38 B C+42.7 WD40 3.2 WDFC 31.50 +.05 –52 60 17ê 42 68 22 B D 55.2 HeidrkS 1.9 r HSII 27.87 –.46 –36 282 11o 53 67 16 C B–32.9 WestlkCh 1.2 WLK 16.42 +.22 –50 261 11o 84 65 86 B ..18.7 HeritCrysn HCCI 15.58 +.18 –92 3 38ê 51 65 13 A D–51.8 Zoltek ZOLT 24.12 –.37 –57 401 31ò 74 72 86 E B–43.0 HewittAs r HEW 38.91 –.50 +38 1.0m ..ê 9. ELECTRONICS 66 87 16 A B 84.0 HuronCon HURN 47.36 –.04 –42 318 20ê .1 AUO 19.05 –.31 –19 3.1m 5o 27 20 14 B C 34.4 ICFIntl ICFI 16.67 –1.18+379 579 6ê 88 74 86 A B 22.5 AUOpt 63 68 36 C B–18.4 AVX 1.2 AVX 12.96 –.02 –54 105 14ê 88 82 92 A C 72.2 IHSIncA IHS . 67.23 –.27 –60 158 47ê AVAV 23.53 +.26 –48 76 24ê 63 66 46 A B–33.1 IMSHlth .5 r RX 24.11 –.23 –37 972 15ê 88 54 80 B A 26.9 AeroVir r A 31.90 –.08 +8 2.6m 17ò 93 96 53 A B+55.8 Infosys 1.0 INFY 42.91 +.08 –27 2.6m 21o 75 88 50 B B 40.4 Agilent 80 99 63 A D+18.9 InnerWk INWK 13.38 +.58+189 1.3m 38o 98 94 92 A A 48.2 AmphenlA .1 r APH 46.30 –.90 +9 1.3m 22o r AXE 62.78 –.57 –14 476 10o 67 83 47 B D+33.7 IntrDat 2.2 r IDC 27.11 +.06 –50 142 19ê 63 94 38 B D 88.4 Anixter 99 86 89 A A 125 IBM 1.6 r IBM 124.1 –.86 –37 5.5m 16o 82 66 75 C B 27.2 ArgonST r STST 20.00 +.34+103 183 23ê 82 92 53 B A–46.5 inVentiv VTIV 31.99 +.17+258 1.2m 20ò 48 85 21 C D+45.0 ArrowElec r ARW 27.46 +.01 –18 910 8o 62 64 45 C B 38.9 IronMountn IRM 29.92 –.62 –59 503 39ê 81 74 89 C B+19.8 AuthenTcn AUTH 13.48 +.58 –36 168 99o AVT 27.24 +.24 –8 1.7m 8o 59 54 48 B C+15.4 IturnLoc 12 r ITRN 11.14 –.11 –60 24 15k 40 86 18 C E 44.7 Avnet 67 77 73 D B 29.5 KellySv 2.5 KELYA 21.22 –.22 –45 111 12ê 99 89 99 B A–57.8 AxsysTech AXYS . 56.52 +.72 –53 63 37ê 70 84 50 B C 27.1 KornFerry r KFY 17.22 +.21 –42 213 11ò 42 57 24 D C 37.0 BelfusB 1.1 BELFB 24.47 –.01 +20 55 13ê 22 59 23 D E 66.7 LamarAd LAMR 38.74 –.24 –43 1.2m 99o 26 45 47 D C+27.0 BenchmrkEl r BHE 17.86 +.52 –41 476 13o 1.1 r CTS 10.74 –.02 –68 54 13ê 84 62 85 A B NH Landauer 3.5 LDR 56.44 +.94 –42 41 22ê 68 92 46 D A–13.9 CTS CSR 19.05 –.58 –19 275 14o 69 91 50 C B–16.1 MPSGp r MPS 11.10 +.12 –10 704 12o 92 99 91 A B 33.6 ChinaSecn 64 31 85 E B–25.4 MTCTech MTCT 23.83 –.04 –84 10 45k 89 91 95 C B+26.5 Cognex 1.3 r CGNX 25.53 –.16 –53 167 29ê 82 95 76 C C+97.3 Manpwr 1.1 r MAN 66.99 +.85 +12 1.0m 12o 63 56 79 D B+33.4 Coherentn COHR 29.77 +.12 –75 45 24ê 96 91 91 B B–51.0 Mantech MANT . 46.60 –.43 –69 83 21o 72 88 34 B B–30.3 ColemanC CCIX 12.57 –.40 +64 70 13ê 67 73 47 C B 48.3 Maximus 1.1 MMS 37.16 +.11 +62 364 15ê 93 96 85 A B 27.3 Corning .8 r GLW . 26.08 –.50 –31 9.0m 16o .7 CUB 24.68 +.43+118 244 15o 50 54 34 B B–60.6 MineSfAp 2.2 MSA 39.48 +.10 –46 162 22ê 39 40 28 C C+50.7 Cubic 47 56 39 B B 73.7 Moodys 1.0 r MCO 39.44 +.12 –46 1.8m 16o 98 89 96 C A+NH DRSTech .2 DRS 74.80 +.91+650 5.1m 22ò 93 96 91 A B 85.5 Morngstr MORN 73.90 +.03 +57 355 44o 76 86 72 B E 89.2 Danaher .2 DHR 77.07 –.26 –48 1.2m 19o 54 77 42 B C+29.6 MultiCo .9 LABL 22.05 +1.55 +8 52 17k 60 77 40 A E 88.4 Dionex DNEX 69.93 –.20 –2 168 26o 95 79 95 B B 22.5 NCIInc NCIT 22.00 +.35 +54 43 22ê 90 66 84 B B 64.2 ElbitSy 1.2 ESLT 54.70 –.83 –80 6 25k 39 62 24 C C+29.8 NatCinM 3.2 NCMI 19.03 –.27 +83 548 34ê 47 76 33 C D+28.5 ExcelTech XLTC 22.78 +.46 –9 35 14ê 85 62 96 C A+22.1 NavigCons r NCI 21.09 +.01 –48 411 25o 18 9 26 B D+37.8 FEI FEIC 20.86 –.03 –61 143 19o 77 82 67 B B–55.5 Omnicom 1.2 OMC 48.20 –.01 –53 1.2m 15o 70 73 62 B B 50.3 FaroTech FARO 27.14 –.29 –45 119 20o 78 78 58 A B 47.1 Paychx 3.3 r PAYX 35.95 –.35 –53 1.6m 23o 96 91 89 A C+36.4 FLIRSystms FLIR 32.88 –.23 –67 448 34o 84 60 83 C B+18.7 PerotSysA PER 16.19 +.23 –6 585 19ê 94 89 89 A C+27.7 FushiCopn FSIN 18.47 +.07 –47 60 17o 52 81 27 B D 71.5 PrePdLegl PPD 43.44 ... –31 76 10o 73 64 84 B B 29.9 HstWC 1.8 r HWCC 19.17 +1.81 +24 211 12ò 76 78 60 B C 33.5 ProvSvc PRSC 28.45 +.51 –16 81 23ê 89 90 78 A B 23.9 IPGPhot IPGP 19.69 –.31 –41 120 28ê 85 79 78 B B+35.0 RepbSvc 2.1 r RSG 31.99 –.21 –55 374 18ê 98 93 88 A B 41.0 II–VI IIVI . 35.57 –.18 –71 80 23ê 55 61 37 B A–36.2 ResConn RECN 20.51 +.30 –71 108 15ê 95 95 90 A B–112 Itron Inc ITRI 92.22 –1.13 –18 541 29o 62 81 30 B B–38.2 RobrtHlf 1.8 r RHI 24.50 +.30 –14 1.3m 13ê 72 70 83 .. B 110 Kyocera 1.0 KYO 92.50 –1.40 –56 10 18ê 49 80 42 B D–21.1 Rollins 1.5 ROL 16.13 –.05 –44 158 24ê 89 87 77 C B–115 L3Comm 1.1 r LLL 107.6 –2.35 +7 847 17o 81 84 78 B C+21.1 SAIC SAI 19.25 –.07 –19 1.5m 20ò 72 74 66 D B–31.3 LGDispl 1.1 LPL 22.79 –.53 –78 262 11o 73 80 46 C C+31.9 SRAIntl SRX 23.68 –.15 –25 477 19o 80 84 64 B A 15.1 LaBargeInc r LB 12.99 –.36 –35 18 15ê 94 96 71 A C 30.9 SatyamC .6 SAY 26.02 +.43 –35 967 21o 78 71 82 D C+41.9 Littelfuse LFUS 35.15 –.40 –71 34 21ê 75 82 66 C B–25.4 StandrdPk r STAN 19.58 –.05 –16 61 20ê 62 67 40 B B 47.5 MTSSys 1.8 r MTSC 34.04 –.18 –71 42 15ê 83 92 85 B D 38.5 Stanley SXE 25.08 –.07 –1 175 25k 89 98 85 D A 24.4 Matsus 1.3 r MC 22.41 –.65+206 1.4m 18o 57 85 35 .. B–40.3 Stantec r SXC 28.24 –.34 +14 33 18ê 77 44 89 E B+16.5 MaxwllTch MXWL 11.38 +.64 +5 215 ..o 90 86 68 A B+62.7 Stericycle SRCL 51.81 –.52 –44 399 34o 61 87 29 B B 28.8 MeasSpcl MEAS 16.89 –.03 –28 71 14ê 94 94 88 B A 20.9 SykesEnt SYKE 20.25 –.15 –56 118 18o 74 87 31 B B 18.9 Methode 1.8 MEI 10.93 +.05 –62 109 10o 85 77 40 A B+47.7 Syntel .8 SYNT 30.69 –.52 –55 102 20ê 74 89 53 A C+119 MettlerTole MTD 97.05 –.43 –59 137 19ê 41 73 10 A E 19.4 TASERIntl r TASR 7.37 –.07 –41 1.3m 35o 85 67 86 C A–31.7 Molex 1.6 r MOLX 29.00 +.09 –20 915 21ê 93 88 86 A B 39.2 Team TISI 29.00 –.12 –68 67 27ê 84 67 84 C B+28.4 MolxA 1.7 r MOLXA 26.70 ... –8 209 19ê 81 99 65 C B–38.9 TeleTech r TTEC 23.26 +.01 –46 267 25o 86 79 89 C C+24.1 MultFnElc MFLX 19.94 –.12 –31 208 20o 96 93 93 B B–30.3 Telvent 1.2 TLVT 27.99 +1.23 –48 10 19k 99 96 90 A A–42.0 NVE NVEC 35.80 +1.72 +90 127 23ê 87 61 88 C B–25.4 TetraTech TTEK 23.25 –.22 –33 388 25o 83 79 76 C B–37.2 ParkElc 1.1 PKE 28.60 –1.09 –23 126 16ê 77 93 55 B B–219 ThReut 6.1 r TRIN 184.6 +1.08+366 227 10ê 87 87 74 B B 30.0 Perknelm 1.0 PKI 27.09 –.10 –46 591 19ê 76 47 89 B B+21.4 Trizetto TZIX 21.16 +.01 –67 345 43o 78 56 93 D A–12.5 PhotnDy PHTN 12.06 +.03 –6 219 ..o 42 70 26 C D+28.6 TrueBlue TBI 12.66 –.14 –46 190 8ê 93 90 80 B B–16.2 TylerTech r TYL 14.50 +.05 –67 82 32ê 75 80 79 C B–33.2 Plantron .8 r PLT 24.50 +.24 –56 195 14ê r PLXS 25.38 +.26 –32 490 13ê 88 86 89 C C 50.5 Unifirst .3 UNF 47.16 +.46 –63 85 16ê 85 99 81 C C+32.5 Plexus 83 98 76 A C+63.0 VSE .5 VSEC 31.60 –.98 –65 14 10ê 71 91 36 A D 75.6 RockwlA 2.1 r ROK 54.11 –.34 –39 963 13o 69 75 56 B C+48.8 Rofin–Sinar RSTI 35.98 –1.04 +79 670 18o 82 41 95 A A 18.5 Valassis VCI 16.20 –.29 –31 683 13o 56 77 37 B B–36.7 ValuClck r VCLK 19.26 –.18 +15 2.3m 26o 87 64 97 D B 17.3 Stoneridge SRI 15.44 +.21 –39 99 19ê 1.6 TDK 67.45 –2.04 +65 33 13k 42 50 42 C D+45.2 Viad .5 r VVI 31.55 –.04 –62 53 16ê 70 84 47 C D+99 TDK TTMI 12.54 +.02+999 7.1m 14o 95 74 99 A A 18.1 VsnChinan VISN . 17.61 +1.41 +82 599 80o 83 95 85 B B+14.7 TTMTch 63 68 31 A C+48.6 VistaPrt VPRT 31.72 –.79 +9 917 30o 54 78 24 C D–30.5 Techntrl 1.8 TNL 19.47 –.26 –9 249 10o 83 90 73 A C+61.9 ThermoFis r TMO 56.26 –.69 –55 1.3m 20o 39 84 15 D D+26.7 VoltInfoSci VOL 12.86 –.02 –65 86 7ê 51 26 41 A A–29.9 WNSHldgs WNS 18.04 +.28 +67 158 20k 58 77 18 A E 64.3 ThomasBett TNB 36.51 +.65 –7 761 11ê 68 79 56 B B–76.5 WPP 2.2 WPPGY 61.57 –.77 –12 120 13ê 89 84 83 C B 41.3 TycoEle 1.5 r TEL 38.15 –.09 +4 2.3m 16o r VARI 51.57 +1.48 +26 371 19ê 71 65 65 B D–34.2 WstCnn WCN 30.50 –.25 –46 255 20ê 52 75 37 B D+78.3 Varian 83 77 78 B B 41.2 WsteMg 3.0 r WMI 36.43 –.24 –38 1.9m 17o 64 46 89 E A–22.3 VeecoInst VECO 18.29 –.19 –49 213 99ê 2.5 VICR 12.17 –.26+166 380 99o 93 87 89 B A–61.0 WatsnWy .5 r WW . 58.70 –1.08 +1 417 18o 56 24 65 E B 15.8 Vicor WAT 63.41 +.56 –39 840 21o 91 88 63 A C+17.0 Wipro 1.2 WIT 12.99 +.09 –26 404 23o 83 84 68 A B 81.8 Waters 57 87 37 B C+66.4 WescoIntl r WCC 40.38 –.08 –57 363 8ê 8. CHEMICALS 31 37 55 D D 15.6 Zygo r ZIGO 11.81 +.05 +52 110 39ê 93 84 84 B B 105 AirPrds 1.8 r APD 97.93 –.51 –35 888 20o 10. RETAIL 98 93 93 B A NH Airgas .8 ARG 58.68 +.83 –9 697 21o 86 80 68 B B–48.8 Albemar 1.2 r ALB 39.83 +.17+106 1.7m 15o 89 57 85 B A 30.7 AaronRnt .2 r RNT 24.54 +1.01 +23 530 17ê 79 59 85 B C+20.3 AmrVngrd .6 AVD 16.78 +.16 +19 212 25o 83 82 53 A B–85.8 AberFitc 1.0 ANF 73.50 +.44 –42 1.4m 14ò 85 79 68 C A–48.0 ArchChem 2.1 ARJ 37.35 –.15 –25 147 14ê 96 90 94 A B+34.0 Aeropostl r ARO . 33.85 +1.11 –2 2.1m 19ò 60 74 22 A C 30.2 AEagleO 2.2 r AEO 17.93 –.04 –39 2.7m 9ò 42 46 32 C C 39.5 AnnTaylor ANN 24.55 +.14 –31 1.3m 13ò HOURLY NYSE VOLUME & MARKET CHANGES 65 89 33 B D+35.7 ApldInd 2.4 r AIT 25.16 +.44 –49 243 11ê NYTime Fri Thu Chg S&P500 Dow Jones Ind. 62 88 21 B B 24.8 BJSRest BJRI 13.84 –.33 –47 143 23ê r BJ 38.54 +.81 –19 1.6m 21ò 10 AM 435 409 +25 -12.4 -118.3 12748.3 85 68 90 D B–40.1 BJsWhlsl 33 54 40 D B 43.8 BarnsNo 2.0 r BKS 30.18 –.12 –51 668 16ò 11 AM 1055 1083 -28 -7.3 -84.8 12781.9 63 32 81 D B 18.4 BeaconRfg BECN 11.17 +.27 +86 981 24o 12 PM 1478 1632 -153 -10.4 -115.0 12751.7 47 55 22 B B–18.4 BebeStr 1.9 r BEBE 10.54 +.03 –42 473 14o 01 PM 1834 1990 -156 -9.6 -104.8 12761.9 68 55 59 B B–41.7 BedBath r BBBY 32.19 +.06 –50 3.1m 15o 02 PM 2176 2404 -227 -10.1 -125.3 12741.3 65 88 42 A B–53.9 BestBuy 1.2 r BBY 41.93 –.12 –34 4.5m 13o BIG 27.80 –.02 –42 1.6m 18ò 03 PM 2588 2861 -272 -10.8 -134.1 12732.6 90 74 94 C A+36.2 BigLots 04 PM 3395 3705 -309 -9.4 -120.9 12745.8 58 60 55 D B–39.8 BobEvn 2.0 r BOBE 28.64 +.28 –37 269 15k 50 45 52 C B+34.3 Brinker 2.0 r EAT 21.95 –.79 +8 1.5m 14o TOTAL 3395 3705 -309 41 48 25 D A–33.0 BrwShoe 1.9 r BWS 15.10 +.04 –25 557 9k ............................................................................................. 96 90 93 A B+51.3 Buckle 2.0 r BKE 49.63 +.75 –39 298 20k ... –29 332 27o NYSE BLOCK TRADES (10,000 SHARES OR MORE) 90 80 84 A A 47.8 BuffWldWg BWLD 32.27 91 93 83 A B 29.2 BurgerK .9 r BKC 27.89 –.28 +58 1.9m 21ê NYSE COMPOSITE INDEX % CHANGE DAILY 69 82 52 B B+47.5 CBRL 2.1 r CBRL 33.84 –1.18 –4 571 11ò 9th 8th 7th 6th 5th 85 63 96 B A 39.6 CECEntrtn r CEC 38.48 +.77 +27 666 19ê 87 85 77 A B+42.6 CVSCare .6 r CVS 41.34 –.18 –51 4.4m 20o N/A 3739 4106 4464 3934 37 28 42 D B–19.0 Cache r CACH 12.30 –.04 –60 52 26ê CPKI 16.11 +.10 +60 1.0m 21o -0.6% +0.5% -1.8% +0.8% -0.1% 56 52 57 C B 25.2 CalPizzaK ............................................................................................ 51 84 26 C D 31.4 Caseys 1.2 CASY 21.55 –.03 –70 193 12ê 73 65 48 B B 29.5 CharRss r CHIC 16.54 –.23 –72 198 11o HOURLY NASDAQ VOLUME & MARKET CHANGES 50 41 53 B C+28.8 Cheescake r CAKE 21.71 –.10 –35 844 21o NYTime Fri Thu Chg Nasdaq Composite. 55 74 31 B B 21.3 ChinaNe 1.0 NPD 12.45 –.12 –31 131 62ê 73 98 46 A D 155 Chipotle CMG 94.93 +1.04 +79 1.2m 42o 10 AM 221 234 -12 -17.9 2433.2 76 98 43 A C 129 ChipotleBn CMGB 81.31 +.80 –59 66 35ê 11 AM 529 591 -61 -0.7 2450.4 31 48 19 C D+19.4 ChrisBnk 2.4 r CBK 9.83 –.02 –44 255 14o 74 55 79 C A 42.9 CitiTrnds CTRN 20.27 +.21 –45 191 20k 12 PM 734 867 -133 -8.6 2442.5 32 61 5 C C+37.2 CollectBr PSS 10.08 +.28 +70 3.5m 7ò 01 PM 894 1058 -163 -8.6 2442.5 78 54 94 C B+49.5 CmpnBras .6 CBD 46.28 –.20 –65 142 40ê 02 PM 1069 1278 -208 -7.4 2443.8 44 65 37 B B–32.2 Conns CONN 17.81 +.93 +67 398 10ò 03 PM 1274 1540 -266 -9.4 2441.7 74 83 90 C B 15.5 CorpExp 2.7 CXP 11.65 +.01 –79 2 12ê 04 PM 1660 2021 -361 -5.7 2445.5 92 77 87 C B+74.1 Costco .9 COST . 71.44 +.24 –45 2.7m 25ò 85 64 75 A B+47.6 DardnRst 2.0 DRI 35.77 –.98 –14 2.0m 13o TOTAL 1660 2021 -361 DKS . 27.94 –.77 –17 1.7m 21ò ............................................................................................ 70 83 54 B B 36.8 DcksSpt 21 37 34 E B–40.6 DillrdD .8 r DDS 18.89 –.11 –27 1.1m 31ò NASDAQ BLOCK TRADES (10,000 SHARES OR MORE) 40 85 30 .. D–38.0 Dist&Svc 2.0 DYS 23.37 +.25 +89 58 23ê 85 71 85 B B+46.0 DollarTree r DLTR 34.54 +1.12 +87 3.1m 16ò 9th 8th 7th 6th 5th 53 42 42 B B 23.4 DressBarn r DBRN 13.18 +.31 –8 692 10ò N/A 8022 8739 8943 8638 ............................................................................................ 53 58 60 C B 103 EstaDlh 2.1 DEG 79.21 –.63 –5 24 14k 56 37 40 C B+37.2 EthanAl 3.1 r ETH 27.96 –.42 –28 483 12o FRIDAY VOLUME TOTAL 1,643,380,000 65 90 48 B B–19.1 FTDGroup 4.7 FTD 13.89 +.44 +43 492 10o 48 37 44 C B–35.4 FamlyDlr 2.3 r FDO 21.56 +.19 +18 2.9m 14o 1346 STOCKS ADVANCED ON 708,789,000 50 22 70 D D–27.3 FarmerB 2.0 FARM 22.59 +.04 –80 5 99k 98 92 89 A A–52.9 Fastenl 1.0 r FAST 49.81 –.67 –41 1.2m 30o 1503 STOCKS DECLINED ON 906,981,000 23 9 29 E A–23.9 FootLckr 4.7 FL 12.66 +.15 –27 1.2m 29ò 87 84 82 A B–46.3 Fossil FOSL 35.36 –.22 –2 736 20o .7 FRED 11.26 +.23 –22 357 21ò 137 STOCKS UNCHANGED ON 27,610,000 64 21 82 D A+15.0 Freds 37 55 35 C C+30.7 GaiamA GAIA . 17.23 –.27 –69 105 49ò

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 89 95 89 A C+63.8 63 71 52 C D+22.0 88 85 77 A B 98.6 34 23 31 C A–35.9 93 85 88 A A–43.0 92 95 56 A A 57.2 96 89 89 A A–NH 35 29 36 E B 13.5 61 73 41 A C+17.2 54 50 38 C B+41.2 54 21 49 B A–71.7 55 75 32 B B–37.0 51 76 45 C B 22.5 20 59 10 B D–28.4 50 74 18 B C+28.1 89 62 83 A A 57.2 66 77 49 B B–39.8 50 54 78 E B 34.8 79 86 42 A A–46.2 47 53 45 B C+76.6 59 54 64 B B 31.9 41 69 36 C B–25.2 38 43 34 C C+29.3 62 92 36 C B+59.2 60 51 49 B B 33.2 86 74 61 A B 60.7 96 95 97 A B+NH 73 67 56 A B 39.4 90 88 82 A B–57.7 23 40 24 D B–45.5 89 87 83 A B+63.7 43 65 14 B C+56.6 65 76 67 D B 51.9 54 81 31 A D+56.0 11 34 14 C B 36.8 10 31 12 D B–46.4 80 67 89 A B+20.5 70 66 65 B B 40.6 90 64 93 A A 58.5 26 73 3 C C 49.0 59 30 70 B B+34.9 59 50 60 C B–30.4 38 67 23 B D+82.5 75 62 84 D B–35.9 81 96 54 A C 16.0 56 76 33 B B 35.5 93 70 88 C B 33.7 22 44 22 C C+35.0 89 84 85 A B+44.6 72 27 82 B A–28.4 42 74 42 C D–22.7 87 81 82 A B+30.5 88 63 92 B B+35.4 70 76 80 C B–39.8 58 55 52 C A–37.2 25 41 14 C C+23.3 39 76 26 B D 39.5 26 34 22 E D+183 60 67 44 B D 74.0 31 22 40 B B–25.6 61 66 38 A C+26.2 34 84 14 B D 61.4 63 91 35 B C 34.7 67 84 68 D A 13.2 36 48 32 D C+22.0 59 77 49 B B–26.0 39 62 15 B D+30.4 57 66 44 B A–49.8 21 26 24 C E 28.5 68 80 74 C C 25.2 66 68 58 C B–35.9 84 99 92 B C 25.3 83 78 80 A D–34.9 12 22 9 E C+26.1 64 63 46 B C+70.8 58 76 70 D C+41.4 75 72 46 B A 15.6 81 80 59 A A–57.3 65 73 54 A D–39.9 94 99 99 A D 24.5 51 61 21 B B 55.0 48 64 9 A C 47.0 48 89 12 B B–35.6 24 65 16 C D–71.0 99 95 92 A B+35.4 95 75 91 B B+59.1 52 71 38 B C 48.1 33 29 44 D B 42.0 30 40 24 B D+53.7 56 61 38 B D–36.2 87 76 88 A B+41.7 61 85 19 A C 54.0

Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E +.17 –26 2.2m 28ò 79 63 66 B B 49.9 Blkboard BBBB 35.20 –1.68 +40 425 46o +.10 –12 9.2m 16ò 82 98 73 A B–53.4 BluCoat BCSI 25.37 +.27 +19 1.4m 24ò –.34 –55 431 16o 49 95 37 C C 16.4 Bottmline r EPAY 11.11 +.04 –56 72 16ê –1.09 +11 749 11o 69 92 40 B C+28.5 CAInc .7 r CA 22.68 –.22 –27 1.9m 19ò –1.30 –2 472 49o 47 56 19 B B 24.9 Cadence r CDNS 10.97 +.01 –47 2.3m 9o r CERN 46.25 –.55 –60 444 26o +.80 –58 574 20ò 60 92 36 B C 66.2 Cerner +.95 –10 715 16ò 87 79 81 A B+26.8 CheckPtSf r CHKP 24.03 +.41 –27 1.4m 14o –.09 –50 83 99ê 55 73 16 A B–55.3 ChinaDign STV 18.47 –.29 –53 226 29o +.39 –54 81 11ê 81 76 59 A B+43.9 CitrixSys r CTXS 33.92 –.46 –61 1.7m 26o +.06 –23 13m 12ò 62 90 22 A D–23.0 CommVlt CVLT 12.69 +.34+149 1.1m 25k –.62 +44 472 25o 97 99 94 A A–39.7 ConcurTch CNQR 36.25 +.41 –37 492 68o +.21 –24 63 10ê 34 65 23 B D+88.7 DSTSys r DST 59.90 –.62 –9 1.1m 16ê +.25 –42 1.1m 10ê 50 78 11 A C+50.4 DealerTrk r TRAK 18.92 –.46 –51 403 18ê +.06 +12 654 7o 22 54 6 .. C+18.6 Deltekn PROJ 8.34 –4.19+999 1.2m 12ê –.02 +20 222 10ê 31 74 17 .. D–20.6 DemandTn DMAN 8.09 –.03 –89 24 99ê –.37 –62 550 30ò 49 15 92 D B–11.6 Digimrc DMRC 10.89 +.02 –76 29 ..ê –.04 –9 617 13ò 59 71 71 D C+20.7 EPIQSys EPIQ 15.43 +.13 –52 161 29ê +.66 –24 290 34ò 66 22 80 B A–34.0 e–Future EFUT 15.76 –.75 –39 74 ..ê +.51 +64 1.7m 9o 81 66 79 D B 61.6 ElecArts ERTS 52.61 +.03 –25 2.4m 52ò +.12 –27 4.2m 14ò 37 58 11 B B–15.0 EpicorSftw r EPIC 8.07 –.02 –44 520 10ê –.19 –13 5.9m 15o 91 79 97 A B+15.7 eResearch ERES 15.22 +.34 +82 963 41o +.49 –26 2.7m 23ò 65 87 43 B C 17.8 FundTech FNDT 12.09 –.01 –39 16 17k +.02 –40 3.2m 14ò 87 87 73 A C+19.3 Informatca INFA 16.45 +.46 +8 1.7m 21o +.20 –7 568 16ò 53 95 11 A D–30.2 IntactInt ININ 11.73 +.14 –36 139 21o +.07 –17 10m 13ò 61 65 45 A B–33.1 Intuit r INTU 26.89 –.85 +8 4.0m 19ò +.50 +3 1.0m 76o 85 92 73 A B+25.5 JDASfwr JDAS 19.30 –.05 –62 122 13ê LumberLn LL 14.44 +.78 +73 318 28ê Luxotti 1.9 LUX 28.97 –.65 –58 96 19ê 59 77 40 A C+29.2 JackHn 1.3 r JKHY 22.99 +.07+163 2.2m 19o MSCInds1.5 r MSM 48.00 –.61 –26 411 16ê 47 48 26 A C 42.4 KenexaCp r KNXA 17.84 –.27 –56 104 15ò LFT 19.44 –.30 +71 130 34ê Macys 2.2 M 23.21 –.66 +14 6.6m 10ò 71 97 34 A B+35.2 LongtopFn McDonal 2.5 MCD . 59.24 –.53 –34 5.2m 19o 32 22 40 E D+14.7 MSCSfwr MSCS 11.61 +.07 –8 193 99o MnsWh 1.2 r MW 23.41 –.28 –36 768 8ò 26 40 15 B B+31.0 MacrvsnSol r MVSND 14.86 –.44 –3 1.1m 18o 44 75 8 B C+15.7 MagmaDsg r LAVA 6.79 +.01 +8 655 11o NashFch 1.9 NAFC 37.04 +.11 –40 120 11o Nordsrm 1.9 r JWN 34.39 –.28 –28 3.7m 12ò 86 83 75 B B 31.6 ManhAssc MANH 25.98 +.03 –34 205 18ê r MFE 36.49 +1.16+121 4.0m 20o OfficeDepot ODP 12.96 –.17 –30 3.1m 11o 81 74 75 A B–41.7 McAfee OfficeM 3.1 OMX 19.06 +.02 –20 1.1m 8o 68 73 62 A C+37.5 Micrsft 1.5 MSFT 29.39 +.12 –29 51m 16o PCMall MALL 12.78 +.40 –72 88 13ê 74 59 62 A B 112 MicroStr MSTR 77.17 –1.14 –42 164 16o PFChangs PFCB 30.05 –1.12 –46 462 21o 93 78 94 B A 24.5 Moldflow MFLO 21.87 –.04 –27 105 22ê PaneraBrd r PNRA 50.45 –1.03 –64 285 28o 71 46 83 A B 17.7 Monotypen TYPE 14.71 +.21+297 225 63ê Pantry r PTRY 12.74 +.19 –33 592 11o 84 87 66 A C 63.6 NDSGrp NNDS 51.31 –.19 –25 59 18ê PapaJohns PZZA 26.62 +.31 +16 355 31o 22 51 11 .. D 46.0 NetSuiten N 18.06 –.13 –33 203 ..o PeetsCof PEET 23.94 +.35 –24 121 36ê 96 89 89 A B+22.6 NuanceCm NUAN 20.32 +.04 –69 1.0m 32ò Penney 1.9 JCP 42.91 –.03 –38 3.5m 8ò 95 92 95 A B+39.1 OpenText OTEX . 35.98 –.44 –53 311 18o PerformFod PFGC 33.91 –.03 –2 290 23o 91 91 81 A C+23.3 Oracle ORCL 21.00 –.10 –50 21m 17o PetMed PETS 11.97 +.60 +62 333 15ò 76 96 32 A B–20.7 ProsHldgn PRO . 12.83 +.36 +13 195 29ê Petsmrt .5 r PETM 23.29 +.15 –54 1.1m 15ò 92 84 73 B A 21.8 ParmTch PMTC 17.50 –.44 +29 2.3m 15ê PricSmrt 1.1 PSMT 28.13 +.17 –33 81 36ê 84 89 75 A B–25.3 PhaseFwd PFWD 17.86 –.40 –19 323 21ê RadioShk 1.7 RSH 14.99 +.63 +20 5.2m 8o 59 74 56 C D–17.6 PhnxTch PTEC 11.00 +.01 +10 373 37ê RedRobin RRGB 41.42 +.01 –21 373 18ò 83 89 59 B B+34.5 ProgSftw PRGS 29.70 –.08 –35 193 16k RentACtr RCII 21.07 –.49 –3 1.0m 11o 80 92 44 A B 45.4 QualtyS 3.1 QSII 32.47 –.14 –52 124 24o RexStores RSC 15.93 +.14 –83 77 7k 67 41 60 B B 18.9 QuestSoft QSFT 14.82 +.99+194 3.9m 22o RitchieB 1.2 RBA . 26.22 –.04 –65 189 36ê RHT 21.86 –.10 –48 1.2m 30o RossSts 1.1 r ROST 34.96 +.39 +5 2.7m 18ò 93 94 81 A A–25.3 RedHat Ruddick 1.3 RDK 36.25 –.30 –58 169 19ê 82 70 80 C B–15.9 RenscLr 2.0 r RLRN 14.16 –.41 –28 29 45ê 75 68 62 A D+59.9 SAPAG 1.3 SAP 48.72 –.31 –67 1.1m 21o Safeway .9 SWY 30.65 –.63 –23 3.5m 14o SPSS 40.58 –.06 –49 151 19o SaksInc SKS 13.19 +.49 –27 1.9m 32ò 92 92 88 A A–47.9 SPSS CRM 66.70 –.87 –52 864 99ò Scansrce SCSC 25.39 +.24 –59 149 12o 90 74 96 C B+71.1 Salesforc r SKIL 9.97 –.17 +18 485 25k SearsHldgs r SHLD 93.19 –.26 –26 1.5m 17ò 93 44 86 A A 11.4 SkillSoft SLH 26.00 –.25+269 1.2m 23ê ShrwnW 2.5 r SHW 56.57 +.33 –24 1.3m 12o 91 80 90 A B+NH SoleraHdn r SY 29.83 –.01 –43 1.1m 16o SignetG 9 SIG 14.55 –.53 –53 33 11ê 88 85 88 A D+30.0 Sybase Sonic r SONC 19.99 –2.14+290 3.2m 19o 89 91 84 B A–21.3 Symantec r SYMC 19.99 +.16 –30 8.2m 15o Sothebys 2.4 BID 24.91 –2.56+154 6.4m 9o 53 96 7 A D–48.0 Synchron r SNCR 12.79 +.44+191 3.5m 15o SprtnStr 1.0 SPTN 20.19 –.01 –39 138 12ò 75 69 59 B C+29.1 Synopsys SNPS 23.56 –.20 –68 357 15k r THQI 18.61 –.25 +26 1.6m ..o SportSp .9 r RBI 10.55 –.14 –46 54 18ê 21 13 22 D D 35.1 THQ StageSt 1.5 r SSI 13.57 +.10 –65 182 11ò 68 23 98 E B 27.6 TakeTwoIS TTWO 26.67 +.07 +1 2.6m ..o TLEO 17.28 –.77 +53 365 32o Staples 1.5 r SPLS 21.50 +.06 +23 11m 15ò 55 71 34 A D–34.2 TaleoA Starbucks SBUX 15.86 +.01 –11 14m 18o 93 80 90 B A 36.6 UltimtStwr r ULTI 35.02 –.10 –43 135 42ê Suprvalu 2.1 SVU 32.82 +.07 –47 1.2m 11ê 38 72 7 A C+44.3 VscoData VDSI 11.24 +.43 –42 530 20o Susser SUSS 15.02 –.27 –38 44 29ê 74 62 91 C B 42.0 Verisign r VRSN 37.90 +1.14+214 11m 37o Synnex SNX 21.42 +.21 +78 575 10o 90 67 96 A C 31.2 Versant VSNT 30.14 +1.37 –49 8 13k Sysco 2.9 r SYY 30.44 –.12 –13 2.6m 17o 92 99 81 A B+125 VMware VMW 64.05 +.01 –52 1.0m 80o Systemax SYX 19.30 +2.80 +58 870 10o 82 61 66 A A–38.6 Vocus VOCS 28.10 –.53 +8 253 53ê TJXCos 1.4 r TJX 31.04 +.04 –14 5.2m 16ò 73 46 95 A B–19.4 Yuchengn YTEC 16.15 –.28 –58 76 23ê Talbots 7.0 TLB 7.39 –.11 –2 1.3m ..ò Target 1.1 r TGT 52.24 –.10 –36 6.6m 15ò TechData r TECD 35.41 +.08 –30 571 14ò 99 99 87 A B+19.6 Cybrsrce CYBS . 17.00 ... +54 1.1m 36o TexRdhsA r TXRH 11.07 –.06 –73 272 20ê 99 99 98 A A–301 MastrCd .2 MA . 286.9 –6.56 –45 1.8m 42o Tiffany 1.4 r TIF 42.43 +.14 –64 873 17ò THortons 1.1 THI . 32.55 +.01 –17 448 22o 67 40 76 B B–43.5 AdmFPrvd 4.1 PVD 36.38 –.12 –31 30 9ê TitanMchn TITN . 20.16 +.02 –36 323 33o 36 29 22 A C 32.8 AerCap AER 16.66 –.74+203 1.2m 6o TractorSupl TSCO 33.29 –.54 –13 477 14o 74 78 47 A B–136 AffiltMgrs r AMG 102.4 –.78 –64 316 15o Tween r TWB 19.33 +.22 –49 355 9ò 83 86 45 A A–80.8 AlliancDta ADS 59.11 +.61 –46 955 15o UltaSalon ULTA 14.21 –.14 –32 167 33ê 56 57 32 A B–92.9 AlliBern 5.2 AB 63.41 +.16 –3 487 14ê UtdStnr r USTR 41.38 +.27 –44 211 10ê 51 65 27 B C+33.4 AlliedCp 12 ALD 21.04 +.56 –15 1.0m 14o UrbanOutfit URBN . 32.90 +.51 –58 1.8m 34ò 49 54 36 D B 83.9 Amerco r UHAL 56.50 –1.67 –20 53 20ê WalMrt 1.7 r WMT 57.18 +.02 –41 13m 18ò Walgrn 1.1 WAG 34.99 –.18 –46 3.1m 16o 58 66 28 A C 48.8 AmCpSt 13 r ACAS 31.49 +.38 –3 2.9m 9o Wendys 1.9 WEN 26.45 –.31 –31 1.1m 24o 73 67 44 A B–65.9 AmerExp 1.5 AXP 48.96 +.11 –8 9.7m 14o 44 62 34 C B 69.3 Amerprs 1.2 r AMP 48.58 +.65 –3 2.1m 12o WholeFd 2.4 WFMI 32.78 –.90 –7 2.7m 27ò WilSon 1.9 r WSM 25.67 +.06 –28 1.1m 14ò 73 74 51 B B–24.2 ApollInv 12 AINV 16.98 +.31 –62 632 10ò YumBrd 1.9 r YUM 39.74 –.29 –55 1.6m 22o 58 59 23 A B–19.1 AresCap 14 ARCC 11.87 +.19 –24 795 8o 52 82 2 A C+45.0 AstaFund 1.7 ASFI 9.57 –.16 –4 205 2ò Zumiez ZUMZ 19.82 +.70 +4 778 22ò 21 12 62 E D–13.0 BGCPtrs BGCP 9.80 –.30 +16 249 99ê 95 93 89 A B+231 Blackrck 1.5 BLK 212.0 –2.43 –63 229 24o MonPwSys r MPWR 23.03 +.03 –37 333 31ò 64 59 37 A C+16.0 BlkRKel 14 BKCC 12.05 +.10 –49 41 6ê NetLogic NETL 33.84 +.09 –46 383 25o 59 64 31 B A–38.0 Blackst 6.4 r BX 18.80 –.22 –73 895 2o ASETest ASTSF 14.70 +.01 +16 217 17k 75 36 89 C B+24.0 BlockH&R 2.4 HRB 23.57 +1.71 +50 4.2m 20o ASMIntl .4 ASMI 26.75 –.16 +1 105 16ê 65 64 49 B C+24.2 BrdrdgF 1.2 BR 19.60 –.22 –36 505 11o CAP 17.17 +.58 +60 59 14ê ASMLHl 1.1 r ASML 29.15 –.36 –48 1.7m 12o 90 59 96 A B NH CAIIntln 3.4 CIT 11.62 –.63 –45 8.3m 5o ATMI ATMI 30.12 –.31 –42 189 21ê 8 49 3 B D 61.5 CITGrp Actel r ACTL 16.80 +.26 –38 161 99ê 74 96 28 A D 714 CMEGrp 1.0 r CME . 461.7 –3.67 –42 547 26o Advantst 1.4 ATE 26.98 –1.13 –64 11 37ê 45 63 26 C B+34.6 Calamos 2.3 CLMS 18.95 –.98 +61 431 14x Aixtron .6 AIXG 14.11 +.11 –18 110 52ò 42 47 42 B B–82.3 CaptlOne 2.8 COF 52.91 –.85 –39 5.8m 8o Altera .9 r ALTR 22.50 –.12 –45 4.0m 25o 93 94 89 A B 48.9 CashAmer .3 CSH 40.50 +.85 –21 624 14o AmkorTch AMKR 11.38 –.24 –52 2.1m 8o 70 60 57 B A 55.8 CohenStr 2.9 CNS 30.42 +.34 –36 215 18o AmtechSys ASYS 11.57 –.16 –42 40 55k 81 72 76 A B 28.5 CreditAcc CACC 21.43 +.89 –67 7 10ê AnalogD 2.1 r ADI 34.14 +.41 –18 3.6m 22ò 28 46 41 .. B–77.7 CrdSuis 6.4 CS 54.17 +.04 –41 870 33o AppMat 1.2 AMAT 19.29 –.22 –49 13m 14ò 69 57 51 B B+29.2 Discove 1.4 r DFS 17.52 –.47 –38 3.2m 8o Atheros ATHR . 27.44 +.18 –45 1.1m 23o 71 93 21 A D+33.3 DollarFin DLLR 20.85 –.52 –36 209 9ê Broadcom r BRCM 26.14 ... –56 6.9m 25o 44 50 39 D B–22.2 DuffPhlpn DUF 16.19 –.34 +71 123 53ê CabotMic r CCMP 35.82 –.26 –21 214 20o 89 90 70 A B 50.0 EatnVan 1.6 r EV 38.65 +.41 –49 539 20ò Caviumn CAVM 20.21 –.03 –16 585 96o 67 67 55 B C+16.0 ElctrRnt 4.6 ELRC 13.05 +.07 –75 15 15ê Cree CREE 24.85 –.63 +2 2.0m 52o 65 44 55 A C+16.8 Epoch .9 EPHC 11.76 +.07 –69 10 24k CyprsSemi r CY 27.41 –.10 –46 3.1m 35o 89 64 72 A A 46.3 Equifax .4 r EFX 37.78 –.22 –7 736 16o DSPGroup DSPG 8.48 –.23 0 280 9ê 53 73 11 B D+33.3 EuronetWW EEFT 17.70 –.12 –70 194 14o Diodes DIOD 27.51 –.31 –33 333 17o 89 96 52 A C+15.3 EzcorpClA EZPW 12.18 +.29 –10 485 12o EagleTest EGLT 11.97 +.09 –69 55 16ê 87 98 80 A C+53.3 FCStonen FCSX . 38.06 –.74 –70 291 22o ElecSci ESIO 16.00 –.23+168 411 15o 13 22 11 E B–70.6 FanniMae 5.0 FNM 27.81 +.18+185 75m ..o FairchldSm FCS 13.87 –.17 –29 913 14o 80 78 79 C A–37.0 FedAgric 1.4 AGM 28.07 –.53 –72 25 9k FormFactor FORM 19.82 +.54 +2 1.1m 16o 10 2 10 E B+68.1 FedHmLn 4.0 FRE 25.15 –.28 –55 8.0m ..o Hittite HITT 38.28 –1.09 –38 168 22ê 60 67 41 A E 45.0 FedInvs 2.7 FII 35.01 +.40 –18 1.4m 15o Intel 2.4 INTC 23.37 –.03 –36 40m 19o 53 62 28 B C+57.8 FidNInfo .5 r FIS 37.00 –.34 –56 885 19ê Intersil 1.8 r ISIL 26.94 +.03 –49 1.4m 18o 65 71 56 B B+32.1 FinlFedl 2.5 r FIF 24.24 +.22 –38 253 12k IntlRect IRF 21.71 +.01 –51 435 99o 79 46 81 B A–25.8 FstCshFinl r FCFS 15.08 +.08 –53 259 16o KLATencr 1.4 KLAC 43.90 –.07 –74 1.4m 14o 91 83 70 A C+59.9 Fiserv FISV 51.15 –.39 –69 597 18o LamResrch LRCX 40.09 –.02 –39 1.9m 9o LinearT 2.3 LLTC 36.30 +.10 –31 4.2m 19o 18 22 25 E B–30.4 Fortress 6.6 FIG 13.66 +.01 –57 410 ..o MEMCElctr r WFR 64.38 –1.04 –43 3.3m 24o 63 79 38 B C+145 FrankRes .8 r BEN 99.9 +2.45 –5 1.9m 13o 93 93 82 B A 52.5 GATX 2.4 r GMT 44.37 +.12 –14 462 13o MKSInstr MKSI 24.07 –.13 –17 431 15o MarvellTc MRVL 13.39 +.09 –51 7.1m 29o 56 98 8 A C 25.8 GFIGrp 1.0 GFIG 11.90 +.02 –71 1.2m 12o Mellanox MLNX 16.40 +.08 –62 109 17o 52 74 17 A E 15.0 GLGPtrs 1.2 r GLG 8.31 +.07 –44 1.1m 3o .2 GBL 50.33 +1.14 –35 69 19ê Micrchp 3.6 r MCHP 36.64 –.44 –49 1.6m 23o 44 39 43 B C+73.4 GAMCO Microsemi MSCC 25.38 –.15 –63 401 21ê 62 83 15 B B 28.6 GenesisL 11 GLS 15.10 –.09 +5 442 12o NatSemi 1.2 r NSM 20.57 –.23 –33 4.3m 17o 56 45 45 B B–23.6 GldstnC 9 GLAD 17.76 –.19 +9 171 11ê 92 79 84 A B 48.2 GloblPay .2 GPN 43.74 +.25 –57 262 22o Novellus r NVLS 22.03 –.23 –33 2.7m 15o Nvidia r NVDA 22.53 +.58+152 50m 13o 54 61 53 B B–250 GldmnSch .7 r GS 188.1 +.37 –52 6.5m 8o OmniVisTc OVTI 15.52 +.10 –3 2.4m 10ò 71 92 51 A D–79.6 Greenhi 3.0 r GHL 60.78 +.22 +31 470 13o PericmSem r PSEM . 16.16 +.09 –33 198 29ê 85 82 51 B A–33.0 HrtldPay 1.4 HPY 25.34 +.33 –25 166 24ê PwrIntgn POWI . 32.26 –.08 –27 143 24ê 66 61 27 A B+14.7 HercTecG 11 HTGC 10.38 –.22 +59 444 8ê Rambus RMBS 22.41 –.49 –66 1.0m ..o 46 69 22 C B 27.2 Hertz HTZ 13.38 –.25 –79 359 10o RubiconTn RBCN . 23.31 –.95 +2 257 70ê 73 68 87 .. A–35.9 IntrctBrkn IBKR 32.62 +.67 –49 602 16o SanDisk SNDK 29.18 –.02 –38 5.9m 16o 94 95 83 A B–194 IntcntlEx ICE 156.6 –3.16 –47 1.0m 39o Semtech r SMTC 17.73 +.29 –43 751 20ò 54 53 71 D D 31.1 IntlAsst r IAAC 24.30 –.55 –48 8 24k SilcnLab SLAB 35.02 +.07 –40 672 22o 80 70 80 A B–32.3 Invesco 1.6 r IVZ . 27.50 +.08 –5 2.4m 16ê SilicnMot r SIMO 17.07 –.07 –71 130 9o 73 90 58 A E 53.4 InvTech ITG . 40.51 –.45 +16 1.1m 15o StdMicro r SMSC 29.45 +.46 –65 70 15o 51 74 9 A D–18.2 Investool SWIM 7.94 +.17 –21 1.1m 10o STMicro 2.0 r STM 12.41 –.14 –39 1.9m 15o 83 74 77 A B–37.1 JanusCap .1 r JNS 28.55 –.39 –29 2.5m 25o TaiwSem 3.3 TSM 10.96 –.08 –36 11m 15o 26 34 22 C B+32.6 JeffrsGp 2.8 r JEF 17.76 –.68 +14 3.7m 99o Techwell TWLL 11.65 +.15 –51 54 14ê ... –51 36 99k Teradyne r TER 13.66 –.22 –44 2.0m 25o 44 22 46 B B–28.6 KaynAEn 7.3 KED 22.79 TexsInst 1.3 r TXN 29.81 +.04 –28 11m 15o 78 85 86 C B 19.5 KnightCap r NITE 17.16 –.38 –39 1.3m 14o Trnsmtahrs TMTA 14.78 +.40 +16 135 ..o 11 25 31 .. C 54.8 LazardL 1.1 LAZ 35.86 –.31 –25 721 14o UltrClean UCTT 10.45 +.12 +23 259 18o 36 61 15 B D–105 LeggMs 1.7 r LM 55.09 +.11 +72 4.3m 9o Ultratech UTEK 15.99 +.39 +30 299 94o 26 48 15 B C 82.1 LehmnBr 1.6 r LEH 43.54 +.61 –60 14m 7o VarianSm r VSEA 37.68 –.22 –63 588 15o 67 93 23 B B–69.7 M&FWorld MFW 35.07 –.53 –20 143 14ê MF 13.59 –.14 –86 897 8o Verigy r VRGY 22.10 –.04 –53 189 10ò 52 95 5 A A–32.2 MFGlbn MXB 32.13 +.04 –53 177 41o Xilinx 2.2 r XLNX 25.75 –.05 –43 4.5m 19o 88 69 89 B B 38.4 MSCIIncn Zoran r ZRAN 13.04 +.04 0 1.3m 10o 63 73 48 .. B 20.0 MVCCap 3.1 MVC 15.30 –.14+158 264 52k 65 72 62 B D–36.8 McGrthR 3.0 MGRC 26.69 +3.57+431 703 15ê 10 20 23 E B 95.0 MerrlLyn 2.9 MER 48.45 +.51 –54 14m ..o Activision ATVI 31.64 +3.94+455 22m 26o 83 61 74 B B 26.0 Metavnten MV 24.58 –.01 –39 255 17ê AdobeSys r ADBE 39.89 –.11 –66 2.8m 22o AdvntSftw ADVS 41.39 +.03 –35 241 65ê 81 58 87 B A–32.0 MobileMini r MINI 21.24 +.60 –6 286 14ê AladdinKno r ALDN 15.70 +.44 –48 69 13o 52 67 35 B B 75.5 MorgStan 2.3 MS 45.96 –.52 –39 11m 6o Allscrpts MDRX 11.97 ... –69 518 25o 69 25 74 A B 18.3 NGPCap 9 NGPC 16.30 +.17 –42 75 15ê Ansoft r ANST 34.72 +.29 –57 208 34ò 76 98 28 A D 148 NYMEX .4 NMX . 93.10 –.49 –29 1.1m 33o Ansys ANSS . 43.39 +.49 –40 555 29ê 86 98 48 A B–95.3 NYSEEur 1.7 r NYX . 71.19 –1.45 +17 4.3m 23o Autodesk r ADSK 39.10 +.27 –68 1.6m 20o 90 97 77 A D+50.5 NasdaqOMX NDAQ 38.31 –.84 +44 4.0m 22o BMCSftwr r BMC 35.30 –.31 –56 1.1m 19ò 83 91 61 A C+33.8 Net1UEPS r UEPS 26.11 +2.11 +54 747 17o Blckbaud 1.7 BLKB 23.11 –.47 +56 641 26o 56 38 80 C B 21.1 Nomura 2.1 NMR 17.35 –.15 –48 243 32k Stock

GameStpA GME . 51.23 Gap 1.9 r GPS 17.94 Graingr 1.9 r GWW 85.87 GreatAtPac GAP 25.66 GreenMtCf GMCR . 36.94 Guess .8 r GES 40.44 Gymboree r GYMB 45.92 Haverty 3.1 HVT 8.80 Hhgreggn HGG 11.39 HomeDp 3.2 r HD 27.98 IHOP 2.0 IHP 49.29 InglMkt 2.9 IMKTA 22.75 IngramMicro r IM 17.43 InsightEnt r NSIT 12.11 Interline IBI 16.48 JCrew JCG 46.55 JackInBox JBX 26.95 JoAnnStrs JAS 20.54 JosABkCl JOSB 24.97 Kohls r KSS 47.74 Kroger 1.4 r KR 26.30 LibMIntA r LINTA 16.11 LimitdBr 3.3 r LTD 17.95 LongDru 1.3 r LDG 43.90 Lowes 1.3 r LOW 24.20 Lululemngn LULU 33.65

11. SEMICNDUCTRS 97 97 96 A A 26.2 97 95 91 A B+38.7 70 29 83 C C+15.4 89 65 89 A A 30.5 90 88 73 A B+37.4 89 96 73 B B 36.1 88 58 97 E A+17.0 52 35 71 C B 45.5 66 25 96 B C+16.1 93 78 85 B A+26.2 85 70 88 B B–16.3 55 18 84 D B–17.7 83 70 77 B A–41.1 74 63 67 B B 23.0 90 95 60 A B 35.8 83 85 53 B B 43.1 84 78 66 C A–46.6 86 74 64 A B+35.6 70 74 53 C D+35.5 75 31 85 B B 42.8 28 43 10 B E 22.3 88 83 80 A B+35.0 71 83 39 C A–17.0 50 56 30 B C+25.6 74 84 53 D A–20.6 46 72 13 B B–48.5 86 86 48 A B 50.7 82 78 77 A C 28.0 92 84 68 B B 35.0 32 22 14 B B–39.9 58 60 38 B B–62.7 58 55 36 B B+60.8 97 86 87 A A–38.5 75 85 59 A E 96.1 69 46 87 C B 28.5 84 87 50 B A+20.0 89 74 69 A A–24.9 87 79 80 B A–42.2 97 95 83 A A–30.0 76 93 55 B B–29.7 39 40 30 C B–33.7 80 96 30 A B 39.7 86 94 77 B C 25.2 95 99 92 B B 19.5 93 84 88 A B 35.0 57 8 93 E A–26.4 90 74 87 A B–34.9 52 62 28 B B+59.8 97 88 93 A B+21.1 85 80 75 A C 45.2 87 96 48 A B 29.0 67 85 40 C C+40.0 60 81 30 D B 20.7 96 90 86 A B–11.8 91 80 83 A B 15.5 78 69 81 D A–18.5 74 91 47 B C+39.6 59 28 93 E B+20.8 36 36 32 C B–16.7 88 74 95 E A 16.8 83 84 60 A B+58.2 73 59 63 B B–30.3 87 85 80 B B 30.4 35 26 25 B C+27.5

12. COMP SFTWR 98 90 96 B B+NH 91 95 78 A B 48.5 51 72 50 C C 58.3 46 82 16 A D–26.9 41 78 11 B B 28.1 96 93 95 A A–35.3 97 97 94 A A 44.9 85 91 47 A D+51.3 94 93 85 A B+37.1 78 85 41 A C 30.2

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

13. FINANCE


INVESTOR'S BUSINESS DAILY

MONDAY, MAY 12, 2008

IBD Research Tables & Ratings: Powerful Tools You Won’t Find Anywhere Else Only IBD gives you SmartSelect Ratings to tell you which stocks out of thousands are the best performers. Go to investors.com/learn for more information on how to profit with IBD.

IBD’s NYSE + Nasdaq Research Tables give you an innovative and powerful view of the market. Stocks are grouped by their major industry sectors. The biggest winning stocks typically come from the strongest sectors. The 33 sectors are listed from strongest to weakest. At the top of each sector are up to 10 stocks with exceptional earnings and other fundamentals as well as market-leading price performance. Remaining stocks in a sector are listed alphabetically. Go to investors.com/sectors to find a stock’s major industry sector. SmartSelect Composite Rating combines all five SmartSelect Ratings, from 1-99, with 99 the best. Earnings Per Share (EPS) Rating compares a company’s last two quarters and last 3-5 years of profit

growth with all other companies. A 90 rating means its earnings outperformed 90% of all companies’. Relative Price Strength (RS) Rating measures a stock’s relative price change in the last 12 months vs. all other stocks. The best firms rate 80 or more on both EPS and RS. Sales + Profit Margins + ROE Rating combines recent sales growth, profit margins and return on equity into an A to E rating. Accumulation/Distribution Ratinguses a priceandvolume formulatogaugeif a stockisunder accumulation(buying)ordistribution(selling) inthe last13weeks. Ais heavybuying; Eisheavyselling. Vol % Change shows how much a stock traded vs. its average daily volume in the past 50 days. +50=50% more, -50=50% less.

Boldfacedstocksareup1 pointor moreor ata newhighin price. Underlinedstocksaredown 1point ormoreorata newpricelow. Boldfaceditalicized stocks have EPSandRSratings of 80ormore andwereIPOs in thelasteight years. Codes: . = archived story at Investors.com; r = repurchased stock in last year; x = ex dividend or ex rights; k = earnings due within four weeks; - = earnings in IBD today; o = options on stocks. Growthstocks arehighlyspeculative.Donot buyanyhighly rated stockwithout furtherresearch.You mustalways analyzea stock’sdaily andweekly chart tosee if thestock is ina proper baseor neara soundbuy pointandnotextended in pricetoo farabovea correctbase. 2008WilliamO’Neil+ Co.,Inc.Allrightsreserved.

STOCK DO’S AND DON’TS

IBD TIMESAVER TABLE

Symbol/ Shares Estimated Mkt Value P/E Ratios: Company Exchange (000) Price ($Mil) Industry Group Co / Grp Lead Underwriter American Capital Agency AGNC/NDQ 12,500 20.00– 20.00 315.1 Finance-Reit n.a./ 49 Citigroup. Bethesda, MD . REIT investing in agency single–family residential mortgage pass–through securities/collateralized mortgage obligations. VRS/NSE 18,750 16.00– 18.00 1022.4 Paper & Paper Products n.a./ 28 Crdt Suisse Frst Bos. Verso Paper Corp Memphis, TN . Manufactures coated freesheet/coated groundwood paper used in catalogs, magazines and commercial printing applications. DTWO/NDQ 6,000 12.00– 14.00 268.2 Leisure-Movies & Related n.a./ 54 Thomas Weisel Prtnrs. Digital Domain Venice, CA . Develops digital imagery for feature films, television advertising, interactive visual media and the video game industry

Prices Of Recent IPOs Offer Date

High Filing Price

Western Gas Partners LP WES/NSE Real Goods Solar RSOL/NDQ Colfax CFX/NSE Maiden Holdings Ltd MHLD/NDQ

5/ 9 5/ 8 5/ 8 5/ 6

19.00 12.00 17.00 10.00

16.50 –13.16 10.00 –16.67 18.00 5.88 10.00 0.00

16.50 0.00 8.84 –11.60 20.50 13.89 7.74 –22.60

Oil&Gas-Transprt/Pipelne Energy-Other Machinery-Gen Industrial Insurance-Prop/Cas/Titl

UBS Investment Bank Canaccord Capital Cp Merrill Lynch Friedman, Billings

Pioneer Southwest Energy PSE/NSE Whiting USA Trust I WHX/NSE Hatteras Financial HTS/NSE American Water Works AWK/NSE

5/ 1 4/25 4/25 4/23

21.00 21.00 26.00 26.00

19.00 –9.52 20.00 –4.76 24.00 –7.69 21.50 –17.31

19.25 20.94 25.00 21.67

1.32 4.70 4.17 0.79

Oil&Gas-U S Expl&Prod Oil&Gas-U S Royalty Tr Finance-Reit Utility-Water Supply

Citigroup Raymond James & Asso Keefe Bruyette Woods Goldman Sachs & Co

Intrepid Potash Inc IPI/NSE Visa Inc V/NSE CardioNet BEAT/NDQ Heritage–Crystal Clean HCCI/NDQ

4/22 3/19 3/19 3/12

29.00 42.00 20.00 12.50

32.00 10.34 44.00 4.76 18.00 –10.00 11.50 –8.00

50.06 82.86 23.66 15.58

56.44 88.32 31.44 35.48

Chemicals-Fertilizers Financial Services-Misc Medical/Dental-Services Pollution Control-Svcs

Goldman Sachs & Co Morgan J P Citigroup Blair William & Co

Bioheart Inc MAKO Surgical Corp

BHRT/NDQ MAKO/NDQ ARST/NDQ TYM/ASE

2/19 2/14 2/14 2/12

5.50 11.00 11.00 4.00

5.25 –4.55 10.00 –9.09 9.00 –18.18 3.50 –12.50

3.40 –35.24 8.82 –11.80 7.58 –15.78 4.82 37.71

Medical-Biomed/Biotech Medical-Systems/Equip Computer Sftwr-Security Elec-Misc Products

Merriman Curhan Ford Morgan J P Morgan Stanley Westpark Capital

HOO/NSE SOL/NSE ATAI/NDQ RMG/NSE

1/29 1/29 1/29 1/25

19.00 17.58 11.50 19.00

12.00 –36.84 13.00 –26.05 9.50 –17.39 17.50 –7.89

12.14 19.49 10.90 19.70

Utility-Water Supply Energy-Other Comml Svcs-Schools Financial Services-Misc

Morgan J P Crdt Suisse Frst Bos Merrill Lynch Crdt Suisse Frst Bos

IPC The Hospitalist Co IPCM/NDQ 1/25 Meridian Interstate Banc EBSB/NDQ 1/23 WMZ/NSE 1/18 NetSuite Inc N/NSE 12/20

17.00 10.00 21.00 22.00

16.00 10.00 20.00 26.00

–5.88 0.00 –4.76 18.18

21.93 37.06 10.05 0.50 17.90 –10.50 18.06 –30.54

Medical/Dental-Services Crdt Suisse Frst Bos Banks-Northeast Keefe Bruyette Woods Oil&Gas-Transprt/Pipelne Lehman Brothers Computer Sftwr-Enterprse Crdt Suisse Frst Bos

Gushan Environmental GU/NSE Orion Energy Systems Inc OESX/NDQ Gulfstream Intl Group GIA/ASE Intellon Corporation ITLN/NDQ

12/19 12/19 12/14 12/14

13.50 14.00 10.00 11.00

9.60 –28.89 13.00 –7.14 8.00 –20.00 6.00 –45.45

13.89 44.69 11.00 –15.38 4.22 –47.25 5.54 –7.67

Energy-Other Electrical-Equipment Transportation-Airline Elec-Semiconductor Mfg

Merrill Lynch Thomas Weisel Prtnrs Taglich Brothers Inc Deutsche Bank Sec

Memsic Inc MedAssets Inc K12 Inc Teekay Tankers Ltd

12/14 12/13 12/13 12/13

13.00 16.00 18.00 19.50

10.00 –23.08 16.00 0.00 18.00 0.00 19.50 0.00

6.65 –33.50 17.55 9.69 26.08 44.89 21.40 9.74

Elec-Semiconductor Mfg Computer Sftwr-Medical Comml Svcs-Schools Transportation-Ship

Citigroup Morgan Stanley Morgan Stanley Citigroup

Xinyuan Real Estate Co XIN/NSE 12/12 VanceInfo Technologies VIT/NSE 12/12 ChinaEdu Corporation CEDU/NDQ 12/11 Cardtronics Inc CATM/NDQ 12/11

15.00 9.50 12.00 11.00

14.00 –6.67 8.50 –10.53 10.00 –16.67 10.00 –9.09

8.48 –39.43 10.64 25.18 6.94 –30.60 8.41 –15.90

Real Estate Development Merrill Lynch Computer-Tech Services Citigroup Comml Svcs-Schools Bear, Stearns & Co Comml Svcs-Miscellaneous Deutsche Bank Sec

Triple–S–Management GTS/NSE Entropic Communications ENTR/NDQ WSP Holdings Limited WH/NSE VisionChina Media Inc VISN/NDQ

12/ 7 12/ 7 12/ 6 12/ 6

18.00 11.00 12.50 11.50

14.50 6.00 8.50 8.00

–19.44 –45.45 –32.00 –30.43

18.07 24.62 4.61 –23.17 7.48 –12.00 17.61 120.13

Medical-Hlth Maint Org Elec-Semiconductor Mfg Oil&Gas-Machinery/Equip Comml Svcs-Advertising

Titan Machinery Inc TITN/NDQ SuccessFactors Inc SFSF/NDQ El Paso Pipeline Partner EPB/NSE Rubicon Technology Inc RBCN/NDQ

12/ 6 11/20 11/16 11/16

9.50 10.00 21.00 14.00

8.50 –10.53 10.00 0.00 20.00 –4.76 14.00 0.00

20.16 137.18 11.07 10.70 23.46 17.30 23.31 66.50

Retail/Whlsle-Bldg Prds Craig–Hallum Computer Sftwr-Enterprse Morgan Stanley Oil&Gas-Transprt/Pipelne Lehman Brothers Elec-Semiconductor Mfg UBS Warburg

3Par Inc PAR/NSE Chimera Investment Corp CIM/NSE Internet Brands Inc INET/NDQ EnteroMedics Inc ETRM/NDQ

11/16 11/16 11/16 11/15

13.00 15.00 12.00 9.00

14.00 7.69 15.00 0.00 8.00 –33.33 8.00 –11.11

8.17 13.42 6.82 4.65

–41.64 –10.53 –14.75 –41.87

Computer-Data Storage Finance-Reit Internet-Content Medical-Products

Goldman Sachs & Co Merrill Lynch Thomas Weisel Prtnrs Morgan J P

ES/NSE 11/15

21.00

23.00

22.41

–2.57

Energy-Other

Crdt Suisse Frst Bos

11/13 11/ 9 11/ 9 11/ 9

21.00 13.50 19.00 21.00

20.00 –4.76 16.20 20.00 20.00 5.26 18.00 –14.29

Transportation-Ship Retail-Drug Stores Comml Svcs-Schools Oil&Gas-U S Expl&Prod

Merrill Lynch Goldman Sachs & Co Blair William & Co Wachovia Securities

Company

Combined summary of key price action for NYSE & Nasdaq highest-rated stocks, a quick and ArcSight Inc easy snapshot for busy investors. Stocks up at least 1 point or making new highs, and stocks Asia Time Corp down 1 point or making new lows are boldfaced. Sorted by Composite Rating, IBD’s single ›Do not buy stocks up over most useful fundamental and technical gauge. Cascal 5% from a sound chart base: ® ® SMARTSELECT COMPOSITE RATING EARNINGS PER SHARE RELATIVE PRICE STRENGTH INDUSTRY GROUP RELATIVE STRENGTH SALES+PROFIT MARGINS+ROE ACCUMULATION/DISTRIBUTION 52-wk Stock & Close Vol% Vol P Price Chg Chg 1000 E 6 6 6666 High Symbol

SMARTSELECT COMPOSITE RATING EARNINGS PER SHARE RELATIVE PRICE STRENGTH INDUSTRY GROUP RELATIVE STRENGTH SALES+PROFIT MARGINS+ROE ACCUMULATION/DISTRIBUTION 52-wk Stock & Close Vol% Vol P Price Chg Chg 1000 E 6 6 6666 High Symbol

STOCKS UP

STOCKS DOWN

99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 98 98 98 98 98 98 98 98 98 98 98 98 97 97 97 97 97 97 97 97 97 96 96 96 96 96 96 96

99 99 A+ A A+ NH ContlResn CLR 99 98 A+ A A– 137 Bucyrus BUCY 99 98 A– A B+ 71.2 TBSIntlA TBSI 99 97 A+ A B+ NH ArenaRes ARD 99 95 A+ A A– 44.0 GMXResrcs GMXR 98 98 A+ A B+ NH ReneSolan SOL 98 94 A+ A C+ 57.5 SwiftErgy SFY 97 99 A+ A A+ NH PyramdO PDO 97 98 A A B– NH FMCTech FTI 96 99 A+ A B+ NH ComphSidrg SID 96 95 A+ A A NH StMaryLE SM 96 90 A– A A– 42.0 NVE NVEC 95 97 A+ B B 55.0 BadgerMtr BMI 94 98 A+ A A– NH Metalico MEA 94 94 A A C+ 53.8 Cameron CAM 93 93 A A B+ NH Nexen NXY 92 98 A+ C A– NH ArchCoal ACI 91 99 A+ A A– NH Gerdau GGB 90 98 A+ A A– NH WTOffshr WTI 88 98 A+ A B– NH Carrizo CRZO 85 99 A+ B A– 131 Lindsay LNN 74 98 A+ B A NH Sandrdgen SD 99 98 B– A B 137 RschInMt RIMM 98 95 A A B– 82.0 NatlOilVr NOV 95 95 A+ B B+ 111 Valmont VMI 93 93 A B A NH Airgas ARG 91 95 A+ A B NH SuperEgry r SPN 90 96 A– B B+ NH Activision ATVI 89 96 A C A+ NH DRSTech DRS 89 95 A+ A B NH Hallibtn r HAL 88 98 A+ A B NH HelmPay HP 84 97 A+ A B– NH OilStIntl r OIS 82 99 A+ A B+ 308 FstSolar FSLR 80 97 A+ A A NH AtlasAmer ATLS 96 92 A A A– NH Celanese r CE 93 90 A+ A C 85.9 Oceanrng OII 92 94 A– A B NH SuncrErgy SU 90 97 A A A– NH GulfIsl GIFI 79 96 A A A– NH BHPBilLt BHP 77 98 A– A B+ NH DarlingIntl DAR 76 99 A+ A A NH Geores GEOI 74 99 A+ C A NH ClayWEgy CWEI 74 95 A+ A B+ NH A–Powern APWR 98 98 B+ A B NH Priceline PCLN 96 92 A+ A D 85.7 DawsnGeo DWSN 95 97 A– A B+ NH LumberLn LL 93 93 A B B– 30.3 Telvent TLVT 90 94 A– A B+ 34.0 Aeropostl r ARO 90 91 B+ A A 23.7 TrueRelig TRLG 89 92 B B A NH Questar STR

53.18 +.84 +45 1.6m 136.5 +1.80 –26 894 49.70 +2.90 +37 991 49.83 +1.83 –11 561 42.17 +1.04 +83 461 19.49 +2.06+124 2.9m 55.63 +2.76 +23 710 8.82 +1.01 +434 475 77.85 +3.59+135 4.3m 47.13 +.88 –15 3.0m 48.29 +.03 +11 927 35.80 +1.72 +90 127 51.12 +1.27 –21 105 15.31 +1.17+590 3.2m 51.76 +1.29 +24 4.4m 38.33 +.09 +1 2.0m 65.36 +.26 –38 3.1m 43.47 +.93 –22 2.3m 49.03 +.41 –26 622 72.09 +.62 +31 548 108.3 +1.66 –48 279 50.23 +.78+161 2.5m 132.8 +1.59 –27 15m 77.41 +2.27 +54 9.6m 108.0 +2.77 –44 214 58.68 +.83 –9 697 52.60 +1.28 +2 1.3m 31.64 +3.94+455 22m 74.80 +.91+650 5.1m 48.12 +.11 –33 10m 57.98 +.69 –9 1.4m 53.33 +.83 –7 769 284.5 +8.70 –31 3.4m 74.42 +.22 –21 184 46.35 +.76 –4 1.3m 72.61 +4.50 +91 1.7m 124.9 +.86 +22 3.4m 43.49 +1.59 +18 177 87.92 +1.22 –10 4.3m 16.18 +1.25 +81 2.4m 20.03 +1.30 +87 135 75.32 +4.55 +34 97 20.05 +1.22+211 736 138.6+14.85+325 5.9m 75.12 +6.94 +66 267 14.44 +.78 +73 318 27.99 +1.23 –48 10 33.85 +1.11 –2 2.1m 22.27 +2.76+942 5.0m 65.00 +.14 –45 766

33 o 99 99 98 A– A A– 301 MastrCd MA 32 x 99 98 94 A+ A B– 162 Transocn RIG 11 o 99 95 97 A+ A B 143 Apache APA 34 o 99 79 94 A+ A A– 81.9 Nucor r NUE o 98 98 96 37 A+ A B– 171 TerraNit TNH 27 o 97 99 98 D+ A A– 429 Baidu BIDU 9 o 97 97 85 A+ A C+ 155 CoreLabs CLB 22 k 97 87 96 A A B– 517 RioTinto RTP 31 o 95 93 89 B A B+ 231 Blackrck BLK 22 o 94 95 83 A– A B– 194 IntcntlEx ICE 12 o 94 88 89 A+ C B+ 57.9 OrmatTch ORA 23 ê 94 74 93 A A C 123 FreeptCGB r FCX 34 ê 93 98 93 C+ A B 92.2 NwOriEd EDU 24 o 91 69 98 A– B .. 89.8 Visan V 23 o 90 98 82 D+ A B 747 Google GOOG 11 o 90 96 83 C+ A B– 145 HDFCBnk HDB 41 o 89 95 91 C+ .. A– 161 Unibanco UBB 15 ò 89 91 96 D+ B B– 172 Fluor FLR 16 o 89 64 86 A A B– 143 SthnCopp r PCU 58 o 88 32 84 A+ B A– 64.5 PrimeenergyPNRG 51 o 87 74 85 B+ B C+ 98.0 PublicStg PSA 98 o 83 79 57 A A B– 266 Petchina PTR 59 o 80 81 64 C B A– 133 Atrion ATRI 18 o 80 47 97 B+ D B– 33.4 AmSprcnd AMSC 26 o 74 96 28 A– A D 714 CMEGrp r CME 21 o 72 22 76 A D A– 53.3 Isramco ISRL 15 o 69 34 75 A+ C B+ 851 NVR r NVR 26 o 68 79 58 D+ B B– 2628 Seaboard r SEB 22 ò 65 55 39 A B C+ 178 ChinaPet SNP 18 o 64 58 65 B– C B 203 FstCtzA FCNCA 15 o 61 99 22 C+ B D– 58.0 GpAerPac PAC 13 o 61 61 57 C+ C B– 63.0 PrefrmLn PLPC 99 o 58 55 70 C C B– 270 NatlWstLf NWLIA 37 o 51 58 44 B C D– 119 Fedex FDX 13 o 47 32 67 D+ C C+ 149972 BrkHaA BRKA 21 o 46 42 38 B– C B 554 Markel MKL 21 o 46 32 71 D+ C C+ 5059 BerkHaB BRKB 15 ê 42 57 38 D B C+ 170 ArdenGpA ARDNA 18 o 34 84 14 D– B D 61.4 Sothebys BID 22 o 34 52 18 A– C D+ 174 NACCO NC 62 k 34 44 17 C+ A D– 37.4 GeoEye GEOY 33 ê 32 33 31 D+ D A– 34.9 CogentC r CCOI 27 ê 29 53 30 D C D– 885 Wash Post WPO 31 o 23 45 12 C B D– 61.7 OrthofixIntl OFIX 17 ê 20 27 44 D+ .. B– 159 AmerNtlIns ANAT 28 ê 19 47 13 C C D 42.5 FBLFncl FFG 19 k 16 13 23 E E B– 106 HallwoodGr HWG 19 ò 7 29 14 D+ D D+ 73.0 AmerIntlGp r AIG 16 o .. .. 82 B .. C+ 219 iShrChna25 FXI 21 o .. .. 72 B .. A– 55.0 PShJpnnya PJO

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 39 80 23 .. C 32.8 48 80 25 B D+57.5 65 49 60 B B 144 72 87 29 A B–15.7 86 69 75 A B–65.7 91 85 88 A B–65.5 69 63 46 A C+18.9 48 72 20 B B 22.3 67 67 65 B B 37.6 64 69 32 C B–24.5 85 78 94 C B 72.6 60 77 31 A D+33.1 8 22 14 D B 58.0 74 75 80 C A 27.0 90 94 81 A A–25.7 81 92 55 A D–86.6 84 88 67 A B+63.5 20 16 33 C B+212 91 80 96 B B–24.9 96 89 88 A A–30.8 39 44 34 D D 19.3 77 62 67 B B 31.5 38 64 12 B D+26.8 50 81 23 C B–35.6 60 98 5 A C+50.0 91 69 98 B ..89.8 85 59 88 A B–37.7 89 73 82 A B+24.8 92 89 93 A B+44.0 89 82 60 A B–41.1

Dividend Close % Yield Symbl Price Chg –.03 +.18 –2.17 +.13 +.21 +.44 –.04 +.15 –.08 –.20 –.15 +.35 –.58 –.39 –.24 –.51 +.42 +3.20 TNSInc TNS 21.99 –.19 TALIntl 5.5 r TAL 27.27 +.93 TortCap 8.2 TTO 12.24 +.01 TotalSys 1.1 TSS 24.36 –.12 USGlbl 1.9 GROW 12.78 –.85 UtdRental URI 19.55 –.14 VeriFone PAY 13.53 +.23 Visan V . 82.86 –4.44 WaddllR 2.3 WDR 33.70 –.15 WstnUn .2 r WU 22.97 –.25 WrldAcptc r WRLD 41.48 +.24 WrightExp WXS 31.85 –.06 Stock

Och–Zif 6.5 OZM 19.80 OppenHl 1.2 r OPY 36.63 Orix 1.3 IX 85.20 Patriot 13 PCAP 10.08 PortRec PRAA 42.87 PrceTR 1.6 TROW 60.47 Prospct 11 PSEC 14.40 RSCHldn RRR 9.81 RaymJam 1.5 r RJF 28.87 RiskMetn RMG 19.70 Ryder 1.3 r R 70.88 SEI .6 r SEIC 23.45 SLM SLM 21.70 SWSGrp 2.1 r SWS 17.40 Schwb .9 r SCHW 21.47 StateStr 1.3 r STT . 72.22 StifelFin SF 46.90 StdntLn 4.6 STU 124.1

Vol% Vol P Chg 1000 E –68 146 12o –54 29 8ê +92 79 12k –4 111 8ê –43 106 14o –32 1.9m 24o –29 112 8k –66 102 7ê –67 707 13o +79 558 99o –22 1.0m 16o –18 834 16ê –53 5.5m 17o –19 313 16o –45 8.0m 21o –57 2.2m 14o –22 156 12ò –45 20 15ê –19 217 19ê +86 179 14ê +29 36 ..ê –55 396 18ê +74 228 14o –63 398 7o –35 1.4m 9o +4 23m ..o –59 529 22ê –27 3.5m 19o –45 194 13o –16 245 16ê

14. FOOD/BEV 92 90 84 B E 49.0 56 64 31 C C 14.1 60 44 52 B B–64.5 95 74 98 A B–40.8 31 15 32 C D+25.2 79 57 74 B A–40.9 78 58 95 E B 24.6 53 31 70 C B–64.2 79 76 61 A C+65.6 42 55 42 C E 27.1 81 88 93 .. D+59.7 89 98 91 B E 50.1 87 77 64 B B 27.5 96 89 89 B B+49.3 35 12 29 B A 34.3 70 55 83 D C+22.7 93 92 86 C A–27.0 88 92 91 .. B+46.0 70 62 81 C D+39.8 85 66 81 B B+62.5 79 84 29 B B+16.0 81 65 90 .. B 14.2 66 77 45 C C 35.1 62 99 14 A D+68.4 85 63 82 B B 48.8 41 31 39 B C+55.9 86 76 82 C B–42.8 44 33 42 C C+40.5 78 68 64 B B–56.9 73 40 71 C B 37.2 44 9 61 D B+27.0 63 30 85 B B+20.8 80 67 77 B C 39.2 94 74 98 B A–15.7 59 71 45 C C 43.4 56 74 39 C C+36.0

ArchrDan 1.2 ADM 42.68 BGFdsn 9 BGS 9.11 Cadbury .8 CBY 51.38 CalMne 10 CALM . 31.79 Calavo 2.3 CVGW 15.02 CmpblSp 2.5 CPB 35.40 Chiquita CQB 23.44 CcColaB 1.8 COKE 57.00 CocaCo 2.7 KO 56.15 CocaClEn 1.3 CCE 21.49 CocaCFm 1.5 KOF 56.90 CcColaH .7 CCH 43.33 ConAgra 3.3 r CAG 22.83 CornPr 1.0 r CPO 46.60 DeanFds DF 23.09 DiamdFd .9 DMND 20.25 FlowrsF 2.0 r FLO 25.44 Fomento 1.0 FMX . 44.53 FrshDelM FDP 30.40 GenMills 2.6 GIS 60.82 Gruma 2.9 GMK 10.63 HQSustMn HQS 12.83 HainCelstl HAIN 26.25 HansenNat r HANS 28.60 HeinzHJ 3.2 HNZ 47.73 Hershey 3.2 HSY 36.99 HormelFd 1.8 HRL 40.39 J&JSnack 1.3 r JJSF 28.34 Kellogg 2.4 K 50.87 KraftFdA 3.4 KFT 31.34 Lance 3.2 LNCE 20.26 LifewayFd r LWAY 12.10 McCorm 2.4 MKC 36.90 OmegaPrtn OME 13.90 PepsiBtl 2.1 r PBG 32.58 PepsiAmr 2.2 PAS 24.56

–1.88 +22 6.3m 14o –.05 –35 83 18ê +.41 +58 858 19ê +.82 –56 461 5o –.34 +74 56 32k +.06 –24 1.3m 18k –.36 –23 936 ..o +.27 –53 11 46ê –.14 +10 10m 19o –.12 +5 3.0m 15o +.85 –31 152 15ê –.13 –53 24 23ê –.29 –40 2.2m 12o –.05 –49 466 17o –.18 –65 759 24o –.37 –4 142 31k –.50 +52 927 24k +.15 –51 517 20o +.17 –32 584 8o –.77 –7 2.2m 17o –.14 +1 66 7ê ... –80 22 28ê +.17 +28 586 19o –1.54+220 9.3m 17o +.18 –26 1.7m 18ò –.55 –14 1.4m 19o –.43 –32 294 18ò –.04 –48 46 18ê –.52 –35 1.4m 17o –.45 –32 6.1m 17o +.12 –62 78 34ê +.01 –62 16 63k –.16 –35 440 18o –.62+338 1.2m 14ê –.34 –39 930 14o –.18 –30 336 14ê

52-wk

1 16 ê

417.3 –9.00 +36 26 4179 – 101 +75 37 120.0 –4.64+279 5 24.91 –2.56+154 6.4m 81.50 –2.59 –48 23 18.93 –3.05+876 3.2m 17.89 –4.79+785 6.5m 650.5 –6.02 –42 14 33.13 –4.64+299 1.3m 114.6 –3.22 –84 3 22.99 –4.43+343 349 63.54 –5.46 –93 0.5 40.28 –3.87+310 83m 152.0 –3.94 –35 5.4m 47.20 –2.73 –62 1

84 98 77 A C+51.0 83 82 68 A B–101 88 71 97 B A–13.9 85 89 73 A B–57.3 45 62 17 B C+106 93 96 99 A A 47.7 63 76 45 A B 58.4 87 96 50 A B 40.7 69 50 80 C A–121 72 72 43 B B+35.3 73 77 53 A A 46.9 70 50 76 B B 51.6 86 74 86 A B 20.5 85 99 73 A D–25.4 77 85 43 A B+35.4 86 70 88 A D–29.2 90 98 82 A B 747 40 37 26 D B+35.7 40 22 79 E C 12.7 93 68 91 A B 12.5 69 92 29 B B 15.7 71 87 48 A B+37.4 31 26 43 C B 17.4 72 86 32 A B–26.4 67 43 92 C B 16.9 96 74 98 A A–81.2 43 63 27 B C 50.3 94 82 94 A B+24.2 90 91 94 B B–40.9 77 74 63 B B 38.6 75 91 31 A C+35.0 92 74 94 A A 37.0 77 86 83 B C+16.7 96 98 98 A B NH 93 93 94 A B 40.7 31 58 11 C E 37.0 87 84 90 A B–59.3 98 92 99 A A–79.9 80 54 87 C B 14.5 89 94 71 A B 21.3 44 75 33 B C+18.0 58 97 18 B B+63.5 80 91 50 A C 24.0 58 70 50 C B–34.1

MEMS/NDQ MDAS/NDQ LRN/NSE TNK/NSE

EnergySolutions Inc

Offer Price

% Chg From Filing

9.52

Current Price

% Chg From Offer

1.17 49.92 14.74 12.57

Industry Group

Lead Underwriter

Crdt Suisse Frst Bos Crdt Suisse Frst Bos Morgan J P Crdt Suisse Frst Bos

12 MXB/NSE 11/15 16.00 18.00 12.50 32.13 78.50 Financial Services-Misc Morgan Stanley 16 ê ›Do cut your losses if stock MSCI Inc Virtual Radiologic Corp VRAD/NDQ 11/15 18.00 17.00 –5.56 13.68 –19.53 Medical/Dental-Services Goldman Sachs & Co 12 ê is 8% below your cost . . . 9 o avoids possible greater losses Och–Ziff Capital Manage OZM/NSE 11/14 33.00 32.00 –3.03 19.80 –38.13 Finance-Investment Mgmt Goldman Sachs & Co ê

7ê 9ò .. o ›Do learn when to take 20% 21 ê to 100% or greater profits 12 ê 15 ê

Navios Maritime Partners NMM/NSE China Nepstar Chain Drug NPD/NSE American Public Educatio APEI/NDQ Quest Energy Partners LP QELP/NDQ

15.00 –25.00 12.45 –23.15 35.87 79.35 15.25 –15.28

7 ê ›Investigate before you

.. k invest. Always check a chart 87 o .. o and read a company story on 1 ê investors.com

IBD’S RESEARCH TABLES Continued

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 67.51 –.03 –3 5.9m 19o 55.88 +.28 +5 168 28ê 98 99 98 A B 137 RschInMt RIMM . 132.8 +1.59 –27 15m 59o 59.80 –2.24+117 513 18o 11.33 +.15 –33 11 14ê 80 74 58 B B 13.5 012Smilen SMLC 11.54 –.01 +6 24 29ê 21.27 –.40 +22 766 10o 81 98 52 C B+21.1 ADCTelcm ADCT 14.93 –.07 –15 2.5m 11ò 45.33 +.04 –5 391 10ò 74 73 70 A B–43.0 AT&T 4.1 r T 38.59 –.27 –35 15m 13o 13.66 –.17 –31 4.5m 15o 80 74 79 B A–28.7 Adtran 1.5 r ADTN 23.61 +.18 –57 441 21o 29.79 –.08 –9 324 17ê 23 32 24 B D–16.8 AlskCom 7.7 ALSK 11.11 –.40 –22 508 15ê 30.19 –.59 –6 1.4m 19o 83 84 66 A D 69.2 AmerMovl .6 AMX 57.11 +.14 –34 5.0m 19o 50.81 +.36 +4 264 16ê 69 37 83 D A–46.5 AmerTower r AMT 43.72 –.27 –52 1.9m 99o 23.87 +.23 –46 128 25k 39 61 29 B D–19.3 Anaren r ANEN 12.80 +.04 –58 42 14ê 23.38 –.62 +9 322 16o 72 88 40 A B–39.2 AtlTele 2.3 ATNI 27.62 –.27 –15 65 11ê VOXX 10.33 +.24 –73 21 28k 17.35 –.47 –24 3.4m 30o 55 62 47 D C 14.1 AudvoxA 67 70 67 C C+44.6 BCE 3.9 BCE 36.97 +.12 –27 506 15o 34.11 +.08 –18 1.4m 19ò 34.56 +.21 +3 625 19k 53 69 26 B C 68.9 BritTele 6.9 BT 43.36 –.73 –54 106 9k .6 r BDC 34.80 +.30 –45 386 11o 119.1 –1.98 –74 55 37k 64 98 18 A C 60.0 Belden 76.55 –.15 –46 1.5m 32o 77 71 84 .. B+85.0 BraslTel 4.4 BRP 70.48 +.17 –41 326 12ê 9.96 +.11 –32 125 10ê 79 47 94 B C+38.6 BraslTlc 4.0 BTM 32.89 +.68 –22 154 14k 94 86 93 A B 35.1 Cellcom 6.7 CEL . 33.33 –.62 +16 345 16ò 48 75 34 B B–49.9 CntryTel .8 r CTL 35.49 +.53 –30 801 10o Baidu BIDU 346.3 –8.89 –51 3.3m 99o 96 95 94 A B+104 ChinaMbl 2.1 CHL 83.52 –1.35 –48 1.6m 26o 90 92 91 B B–69.0 ChinaNet 2.3 CN 65.18 –.10 –46 209 14o AkamaiTch AKAM 37.25 +.41 –23 4.0m 25o 77 67 87 B B 98.7 ChinaTel 1.5 CHA 71.46 –.01 –62 160 19o Amazon r AMZN 72.41 –.38 –54 4.2m 60o 78 57 87 C B+25.1 ChinaUni 1.3 CHU 21.53 –.26 –40 1.2m 29ò Asiainfo r ASIA 12.95 –.11 –12 415 26o 81 49 95 B B 27.2 ChungTel 3.1 r CHT 25.18 +.32 –57 1.1m 17o Bankrate r RATE . 44.62 –1.37 –25 330 29o 84 74 78 A B 49.6 CienaCp CIEN 32.37 –.77 –54 1.6m 19ò BlueNile r NILE 45.00 –.60 –11 417 44o 38 63 31 B D 16.0 CitznCom 9 CZN 10.66 +.16 –20 3.3m 17o ChinaFin JRJC 21.87 –.03 –8 1.2m 45ò 23 2 31 D B–35.4 Clearwire CLWR 14.10 –.66 –16 1.4m ..ò CTV 51.04 +.45 –19 1.2m 18o DigitalRiver r DRIV 37.15 +1.05 +12 1.0m 20o 93 86 83 A B+63.5 Comscope eBay EBAY 30.00 –.20 –47 7.7m 18o 82 93 50 A B+22.5 ComtchGrp r COGO 12.93 –.04 –48 243 17o CMTL 41.29 +.19 –59 141 13ò Equinix EQIX 88.39 –.27 –64 450 99o 84 94 47 A B 58.0 Comtech CCI 40.51 –.12 –31 1.4m ..o Expedia r EXPE 24.03 –.38 –42 2.0m 18o 63 20 86 D B–43.2 CrownCstl F5Netwrks r FFIV 27.00 –.42 +16 3.6m 21o 70 85 59 C C+23.1 DeutTele 5.3 DT 18.29 +.20 +23 1.4m 18ò GettyIm GYI 33.08 –.01 –15 550 16o 82 74 85 C B 33.2 EMSTech ELMG 27.56 –.62 –56 56 21ê 25 14 52 E C 41.7 EchoStarn SATS 30.61 –.49 +41 613 ..o GiantIntn r GA 15.57 +.01 +8 1.3m 26o Gigamedia GIGM 16.28 –.21 –40 363 23ò 43 61 30 B A–65.5 Embarq 6.3 r EQ 43.59 +.28 –20 1.4m 8o 2.3 ERIC 25.21 +.09 +3 5.5m 13o GlblSrcs GSOL 14.37 –.31 –49 161 25k 45 37 49 B C+43.4 Ericsn 76 90 59 B D+39.7 FrnceTel 5.1 FTE 31.54 –.12 –56 161 13ê GMarket GMKT 23.72 –.17 –55 106 30ê 49 93 9 A E 125 Garmin 1.8 GRMN 42.08 –.24 –60 2.0m 10o Google GOOG 573.2 –9.81 –35 4.5m 34o 69 43 81 C B–11.3 GilatSatNet GILT 10.63 –.02 –58 103 18ò IACInter IACI 21.54 +.34 –23 2.4m 14o 89 91 72 A B+66.9 Harris 1.1 HRS 56.93 +2.52+286 3.5m 18o InfoSpce INSP 9.62 –.17 +5 404 ..o 82 76 65 A B 19.5 Hellnc 2.4 OTE 15.57 –.10 –29 60 16k InsWeb INSW 10.80 +.40 –55 5 20ê 75 98 51 C C 61.0 HughCom HUGH 50.43 +.49 –18 29 19ê Intrwovn IWOV 11.37 –.05 –59 173 17o 81 74 77 D B+25.0 HutchTel HTX 21.05 +.13 –57 31 99ê J2GlblC r JCOM 22.86 +.71 –17 499 15o 45 36 71 C B 23.8 IowaTele 9 IWA 17.91 –.01 –34 174 22o Keynote KEYN 11.33 +.02 –60 59 41ê 49 51 54 E B 38.9 iPCSInc IPCS 27.14 +.13 –64 72 ..ê LoopNet r LOOP 13.01 +.28 –7 301 24ê 37 72 35 D D–16.1 JDSUni JDSU 11.30 –.03 –31 4.3m 22o Marchex .7 r MCHX 11.87 +.10 –59 122 35o 33 11 38 C D 30.2 KTCorp 3.3 KTC 21.32 –.42 +77 1.1m 99ê MercadoLn MELI . 54.02 –.98 –9 1.0m 99o 67 45 87 D B 99 LeapWire LEAP 54.48 +4.38 +86 2.7m ..o MnstrWw r MNST 26.66 +.08 –34 2.0m 20o 74 57 78 B C+29.0 MagyarT 7.7 MTA 26.89 +.11 –47 16 14ê Netease r NTES 23.25 +.59 –1 986 19ò 80 87 64 A B+40.9 MetroPCSn PCS 19.62 +.62 +39 3.1m 35o Netflix r NFLX 30.72 +.57 –62 699 28o 95 97 92 A B+127 Millicom MICC 116.3 –.44 –37 555 24o Omniture OMTR 23.83 +.08 –72 404 88o 93 96 81 A B+105 MobilTel .4 MBT 76.93 –2.03 +19 2.1m 14ò OptnXprs 1.5 OXPS 21.51 –.05 –68 333 13o 77 80 41 A A–90.4 NIIHldg r NIHD 47.30 –.05 –43 1.8m 19o PerfectWn PWRD . 30.88 +.77 +22 668 36o 71 77 60 .. A–17.9 NTTDoCo 2.3 DCM 14.93 –.05 –40 147 14ê PremGlbSv PGI 13.99 –.01 –9 429 15o 92 81 92 A C 79.3 Navteq NVT 75.06 –.11 –72 668 43o Priceline PCLN 138.6+14.85+325 5.9m 31o 64 94 35 A C+36.3 NeuStar r NSR 23.82 –.12 +51 1.4m 19o ShandaInt SNDA 35.79 +1.90 +4 900 20ò 63 74 52 B C+23.0 NeutTandn TNDM 19.53 –.10 –60 63 69ê Shutterfly SFLY 12.53 –.20 –30 284 46o 47 55 40 D B–25.9 NippnT&T 1.8 NTT 20.87 –.11 –32 330 17k SinaCorp r SINA 48.00 +1.61 +20 1.4m 42ò 76 93 38 A D+42.2 Nokia 2.0 NOK 28.67 –1.05 –39 12m 12o Sohu.com SOHU 75.82 –.12 +36 2.3m 47o 29 62 6 B D+29.1 NvtlWrls r NVTL 9.09 +.08 –51 807 7o StampsCom STMP 13.46 +.13 –24 115 21ê 67 13 91 B A–33.0 nTelos 3.0 NTLS 28.08 –.15 +13 273 37ê TDAmertr AMTD 17.89 –.11 –57 1.8m 13o 63 92 27 A D–53.0 PTIndos 3.9 IIT 33.16 –.84 –55 73 14k UtdOnln 7.1 UNTD 11.31 +.64 +48 1.4m 9o 93 88 89 A D 24.0 PrtnrCo 5.4 r PTNR 21.96 –.38 –39 142 13ê .1 PHI 60.59 –.94 –72 58 13ê WebMD WBMD 29.72 –.38 +8 300 43o 84 91 49 A C 76.8 PhilLD Websns WBSN 18.45 –.10 –46 349 16o 87 78 65 A B+14.8 PortgTel 10 PT 12.25 +.08 –38 95 17ê Yahoo YHOO 25.93 –.29 –21 30m 39o 91 84 80 A B 47.7 Qualcm 1.5 r QCOM 43.72 –.38 –53 8.3m 20o 76 63 87 B C 75.0 Rostele .6 ROS 69.58 +.51 –36 60 24ê Stock

PepsiCo 2.5 PEP Perdigao PDA Ralcorp RAH RkMtCh 3.5 r RMCF SadiaSA .7 SDA SandrFa1.2 r SAFM SaraLee 3.1 SLE Sensient 2.4 SXT SmithfldF SFD Smucker 2.5 r SJM TootsieR 1.3 TR TreeHseFd THS TysonA .9 TSN Unilever 2.7 UN Unilever 3.0 UL WimmBD .3 WBD Wrigly 1.8 r WWY Zhongpinn HOGS

15. INTERNET 97 99 98 A A–429

RiskMetrics Group

42 o CHART BASE $40 11 o 14 o 15 o 11 ê ›Do buy in a more proper o 99 24 o price area: 21 o 24 o 39 o 44 o BUY AREA 11 o $52 52 o .. o $50 34 o 31 o 31 o $40 CHART BASE 36 ò 14 o 31 k 23 o ›Or buy the first time the 12 o stock retreats to its 10-week 15 ê moving average line: .. o 26 o .. k 8ê $50 10 ê 13 ò BUY 14 ê 14 ê 10-wk. $40 18 ê moving avg. ê 9 14 o

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

6 6 666 High 76 72 58 A D+79.8 87 51 95 C B+60.7 85 60 79 B B 69.3 50 68 29 B D–18.0 96 94 95 A B+24.1 97 74 92 A A+47.9 57 58 39 B C 18.2 79 63 84 C B+33.1 82 45 76 C A+35.8 75 68 61 C C+64.3 41 26 55 D C+31.5 72 69 61 C C+32.0 51 6 80 D B 24.3 83 59 82 B B–37.3 84 58 80 B B 38.3 91 87 87 A B+145 89 63 94 A B–77.8 69 80 24 B C+15.5

$65 ATA Inc

Symbol/ Exchange

$50 Williams Pipeline Part

286.9 –6.56 –45 1.8m 153.7 –3.64 +43 8.9m 135.7 –2.51 –20 3.6m 78.41 –3.46 –23 4.3m 145.5 –2.59 –62 132 346.3 –8.89 –51 3.3m 126.2 –2.55 +34 271 505.1 –8.06 –28 216 212.0 –2.43 –63 229 156.6 –3.16 –47 1.0m 49.72 –3.72+466 1.4m 114.2 –3.85 –38 7.7m 72.06 –2.98 +11 670 82.86 –4.44 +4 23m 573.2 –9.81 –35 4.5m 106.9 –2.55 –53 291 144.4 –3.36 –19 1.3m 164.0 –2.84 –18 1.5m 111.7 –4.52 +36 2.6m 62.00 –2.50 –69 0.4 86.26 –5.55 +20 1.9m 140.5 –4.49 –28 894 111.1 –3.79 –50 1 29.86 –2.91+234 2.2m 461.7 –3.67 –42 547 41.14 –3.36 –63 0.3 610.7–15.27 –52 46 1629–57.28 –41 1 98.35 –2.78 –31 531 155.5 –3.75 –38 7 36.86 –3.18+468 1.5m 46.56 –4.83 +19 4 215.0 –8.81 –96 0.1 90.37 –2.84 +23 3.3m 125200 – 3800+117

ReneSola Ltd

LATE, RISKIER BUY

B 13

IPO Filings Soon To Be Priced

16. TELECOM

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 72 63 86 .. B–46.3 74 39 80 E A 38.5 36 32 35 B C+33.6 47 66 27 C C 25.8 80 71 62 A B+28.1 75 74 58 A B 31.7 81 66 95 D B+40.6 98 97 96 A A–21.8 33 21 35 D C 47.2 31 16 79 .. D–40.4 72 43 93 C B 16.2 92 98 83 A B–28.1 43 74 28 .. D 29.3 75 70 57 A C+37.5 22 46 17 .. C+26.4 19 53 17 .. E 32.9 62 61 42 A C 19.4 89 95 81 A D+103 71 47 83 B B–43.3 55 67 30 A E 56.9 85 60 91 B B–70.0 26 32 15 C C 73.7 68 80 45 B B–62.5 51 37 71 D B 24.0 88 89 81 A C+43.2 79 97 43 A D 30.0 41 58 18 B C+104 50 61 55 C C+46.0 59 77 30 B B–36.5 94 99 92 A B–45.5 71 78 56 B C+40.9 72 78 63 A B+15.3

Dividend Close Vol% Vol P 52-wk Dividend Close Vol% Vol P % Yield Symbl Price Chg Chg 1000 E 6 6 666 High Stock % Yield Symbl Price Chg Chg 1000 E 44.55 –.03 –38 93 ..k 89 64 86 A B–143 SthnCopp 6.1 r PCU 111.7 –4.52 +36 2.6m 14o 33.97 –.27 –37 974 ..o 85 76 86 B C 29.0 Sterlten SLT 20.40 –.53 –65 309 13o 22.66 +.07 +2 1.5m 8o 66 36 84 E B–22.7 StillwtrM SWC 13.08 –1.12 +71 3.6m ..o 14.31 –.10 –43 31 17ê 83 52 90 B C+53.8 TechCmco 2.0 TCK 48.03 –.24 –49 711 13o 17.73 –.37 –40 507 11o 68 36 94 D C+27.3 ThomCrkgn TC 22.74 +.50 +85 412 18ê 15.66 ... –11 712 32o 91 98 79 A C 19.9 Yamana .3 AUY . 14.79 +.12 –11 12m 21o 37.07 +.53 +21 243 11o Syniverse SVR 20.98 –.02 +30 956 18o 85 74 86 C A–11.0 AbngtBc 1.9 ABBC 10.77 +.07 –34 35 33ê TIMPartc 2.5 TSU 31.21 –.15 –29 416 ..ê VidSanN .8 TCL 23.73 +.10 –20 92 35ê 76 86 42 A B 61.8 AldIrish 5.5 AIB 43.10 –.30 –67 107 7ê Tekelec r TKLC 15.90 +.05 +51 1.0m 20o 54 41 58 B B 33.4 AssBanc 4.7 ASBC 27.30 –.23 –15 920 12ê 5.4 BBT 34.06 –.44 –32 4.1m 10o TelNort .5 TNE 23.49 +.09 0 1.8m 6o 56 49 49 B A–43.0 BB&T TelecmArgt TEO 18.34 –.10 –10 225 14k 82 73 84 B B+60.5 BOKFnl 1.5 BOKF 58.67 –.50+100 270 17ê TeleSao 10 TSP 26.94 –.04 –58 55 10ê 64 43 70 B C+49.0 Bancfst 1.8 BANF 43.95 +.12 –40 25 14ê TelItali 7.7 TIA 16.16 +.43 –73 50 8k 92 90 78 A A–25.7 BcBilVA 3.8 BBV 23.15 –.14 –41 680 10ê TelItal 4.4 TI 20.67 +.44 –20 293 12k 94 94 94 A B 25.2 BcBrads 1.1 BBD . 22.69 –.09 –24 7.3m 17o TelcmNwZ 6.3 NZT 14.70 –.53 –16 220 10ê 86 93 71 A D–60.0 BcoChile 7.0 BCH 51.00 +.51 +44 25 12ê Telefon 3.2 r TEF 86.75 –.01 –8 395 11ò 95 94 93 A B 32.4 BncoItau .3 ITU . 27.69 –.22 –36 3.7m 14o TelfnMe 2.1 TMX 37.56 +.41 +2 2.0m 13o 67 40 62 A A 23.2 BncLatno 5.2 BLX 16.98 –.49 –18 242 8ê TelkmIn 2.9 TLK 37.45 +.18 –33 245 14o 31 72 26 .. E 39.1 BcMacro 2.2 r BMA 21.50 –.37 +16 157 8ê TelmgCe 3.4 TMB 65.76 ... –38 17 15k 77 90 79 .. C+57.7 BcSanCh 3.6 SAN 51.02 –.41 –34 125 14ê TelData 1.0 TDS 39.96 –.89 –19 316 24ê 95 92 89 A B 22.3 BncSntdr 3.6 STD 21.64 –.19 –47 905 11ê TelusA 4.0 r TU 44.03 –.72 –10 95 13ê 92 84 90 A B 44.0 BanColo 3.0 CIB 38.60 –1.20 +27 688 13ê TimeWrTl TWTC 19.02 –.88 +10 2.5m ..ò 36 63 23 .. C 24.6 BancpInc r TBBK 12.04 +.36+534 418 12ê TrimblNv r TRMB 33.24 –.31 –21 891 25o 69 51 65 B B+26.5 BcSouth 3.7 BXS 23.82 –.13 –17 353 14ê Turkcell 3.2 TKC 17.85 –.29+115 4.3m 10o 20 12 25 C B 53.0 BnkofAm 7.0 BAC 36.65 –.68 –1 43m 15o USCell USM 56.25 –1.09 –39 81 15ê 80 65 82 A B 57.4 BkHawai 3.2 r BOH 54.85 +.29 –39 303 14ê 6.3 IRE 56.89 –.17 –67 27 6ê Verizon 4.5 r VZ 37.91 –.34 –22 11m 15o 63 84 35 A D–91.3 BnkIrel Viasat VSAT 21.73 –.07 –31 113 16k 25 24 27 B D+67.6 BkMont 5.8 r BMO 48.85 +.02 –59 233 12k Vimpel 2.2 VIP 33.58 +.04 –43 1.9m 23ò 81 81 58 A B 50.3 BankNY 2.2 BK 43.08 –.65 –37 6.1m 15o Vodafone 4.4 VOD 31.59 –.14 –38 1.8m 13o 60 53 61 B B 57.2 BkNova 3.9 BNS 47.78 +.41 –30 354 12k Windstrm 7.8 WIN 12.81 +.40 +32 5.7m 12o 65 61 37 B A–33.9 BkOzark 2.0 OZRK 23.83 +.02 –77 26 12ê 16 29 11 B D–37.8 Banner 4.4 r BANR 18.16 –.19 +26 148 10ê 40 46 30 B C+61.6 Barclays 7.7 BCS 35.13 –1.06 +7 1.5m 6o AgnicoEg .3 AEM 66.30 +.34 –11 2.7m 82o 25 47 2 B D–30.3 BostPvtF 4.8 BPFH 8.34 –.09 –45 666 5o Alcoa 1.7 r AA 39.04 –.61 +15 16m 17o 57 48 55 B B+13.0 CVBFncl 3.2 r CVBF 10.58 –.08 –39 486 14ê Alumina 3.5 AWC 23.67 –.21 –32 99 17ê 42 57 39 C B 108 CnImpBk 4.7 r CM 72.79 +.69 –6 368 37k AMCOLI 2.3 ACO 28.31 –.66 –57 122 16ê 40 57 37 C D+36.4 CapCty 2.9 r CCBG 25.43 +.21 –27 26 14ê AngloA 1.7 r AAUK 33.38 –.96 –64 418 16o 29 64 7 A D–36.1 CathyG 2.6 r CATY 16.10 –.26 –26 647 6ê AngloAs .5 AU 39.76 +.36 –1 2.1m ..o 44 53 42 C C+31.7 ChemFn 5.0 r CHFC 23.46 –.18 +33 168 14ê BHPBilLt 1.3 BHP 87.92 +1.22 –10 4.3m 18o 8 22 14 E C+55.6 Citigrp 5.4 C 23.63 –.67 –17 86m ..o BHPBlplc 1.4 BBL 78.38 +.18 –10 522 22ê 13 39 4 B E 20.5 CitznRep CRBC 6.78 –.19 –5 1.5m 6o BarrckG 1.0 ABX 39.39 –.85 +5 10m 19o 80 59 86 B A–44.4 CtyHld 3.2 r CHCO 42.56 +.49 –62 38 13ê Buenavnt .6 BVN 64.47 –1.43 –39 516 18o 28 34 22 B C 78.5 CityNatl 3.9 r CYN 49.37 +.16 –51 396 11ê Cameco .6 r CCJ 40.24 +.26 –3 2.5m 24ò 16 57 17 .. E 33.7 CityBank 3.6 CTBK 16.59 +.20 –26 107 6ê Clevlnd .4 CLF 179.8 –2.20 +2 1.8m 37o 20 29 16 B D+19.4 Cobiz 2.5 r COBZ 11.38 –.16 –73 25 14ê CompVDR .3 RIO 39.58 –.43 –29 17m 20o 19 35 10 B D+22.4 ColBcOR 3.7 CBBO 10.89 +.20 –16 27 9ê FreeptC 1.5 r FCX 114.2 –3.85 –38 7.7m 11o 74 61 70 A B 34.0 ColumBk 2.5 COLB 27.34 –.31 –62 69 13ê GoldFlds 1.8 GFI 13.77 –.13 –45 3.7m 25o 21 24 27 B B–63.9 Comerica 6.8 r CMA 38.86 +.04 –5 3.4m 9o Goldcorp .5 GG 39.47 –.42 –24 6.5m 62o 75 70 58 B B+46.3 CmcBcs 2.3 CBSH 42.58 –.60 –55 120 13ê HrmnyGld HMY 12.34 –.06 –61 1.1m ..o 83 56 90 C B+26.9 CmtyBkSy 3.3 CBU 25.32 –.44 –32 241 17ê HWinstn .7 HWD 30.43 –.12 +37 83 34k 58 54 56 B B–34.9 CmtyTrBc 4.0 CTBI 29.04 +.02 –54 34 11ê Hecla Mining HL 10.52 +.02 –40 2.0m 24ò 92 98 89 A D 84.7 Credico 1.9 BAP 80.90 +.01 –19 285 14ê HorsehdHn ZINC 13.54 –1.35 +31 462 6ê 85 68 80 B A–58.7 CullenFr 3.0 CFR 56.14 –.39 –19 445 15o IvanhoMn IVN 9.12 –.29 –28 700 ..ò 78 40 86 D A–11.5 DanvBcn DNBK 11.25 +.05 –66 25 99ê KinrsGo .4 KGC 20.06 –.03 –35 4.1m 64o 55 61 50 B C+159 DeutschB DB 117.2 –1.39 +11 705 9o LihirGold LIHR 29.41 +.10 –5 311 86ê 14 43 5 B E 42.3 EWBcp 2.9 EWBC 13.77 –.13 +9 2.0m 6o MAGSlvgn MVG 12.84 +1.19+433 139 ..ê 69 75 48 B B–27.2 EntFnlSv 1.0 r EFSC 20.92 –.08 +32 30 14ê MesabTrs 1.8 MSB 26.27 +.52 –22 44 23k 52 38 44 B B 18.2 FNBCorp 6.5 FNB 14.82 –.09 –28 362 13ê Minefnd MFN 10.92 +.07 –32 320 ..ò 21 43 13 B D+43.3 FfthThr 8.5 r FITB 20.77 –.13 –29 5.7m 10o NewmtM .9 NEM 45.73 –.79 –36 4.7m 19o 63 42 88 D B 13.0 FstbkPR 2.6 FBP 10.66 –.17 –55 303 28o PanAmSlvr PAAS 34.47 –.27 –54 646 34ò 62 63 47 B C+21.4 FstBcNC 4.3 FBNC 17.78 –.49 –43 19 11ê Randgold .2 GOLD 45.20 –.34 –45 395 70o 49 30 47 B B–23.2 FstBusey 4.2 BUSE 18.98 +.23 +95 173 16ê RioTinto 1.6 RTP 505.1 –8.06 –28 216 21o 69 26 91 C A–30.9 FstChrtr 2.6 r FCTR 30.20 ... –23 338 26ê RoylGld 1.0 r RGLD 29.04 –.22 –61 195 40o 66 41 73 D A–12.9 FstCwlFn 5.9 r FCF 11.52 –.14 –7 519 18o SeabrGld SA 21.55 –.28 –33 154 ..o 55 49 54 B C+38.9 FCmBsh 3.6 r FCBC 31.24 +.13 –31 28 12ê SilverStd SSRI 27.95 +.74 –1 882 ..ò 69 54 79 C C+34.0 FirstF 2.9 THFF 30.27 +.35 –49 14 15ê SilvWhtn SLW 13.94 +.17 +2 4.2m 36o 79 69 85 B B+46.8 FstFnlBk 3.1 FFIN 43.97 +.10 –41 61 17ê Stock

RuralCellu RCCC SBAComm SBAC SKTelecm 3.3 SKM ShndCm 1.9 SHEN SierraWr SWIR Starentn STAR SuperEssx r SPSX

17. MINING

73 51 94 C D 83.5 71 39 83 C B 48.8 59 48 84 .. D 32.9 79 60 73 B D+42.7 78 53 84 B B–38.8 40 2 68 E B–51.4 97 79 96 A A–NH 94 48 95 B A–NH 85 92 58 A D–54.7 94 94 93 A C 85.8 90 97 73 A B–56.0 97 67 99 B A–NH 91 77 96 B C+41.1 94 74 93 A C 123 57 58 36 B C+19.9 89 77 93 B C 46.3 47 11 85 E B–16.7 73 84 52 A A–45.2 67 36 88 B C+13.1 33 13 30 B D+26.1 23 5 23 .. C+17.2 61 15 88 B D–27.4 37 10 56 B E 41.4 38 13 61 .. B–18.0 70 58 93 .. D+28.3 29 2 51 .. C+14.1 80 90 55 B D–57.6 58 33 82 B E 44.1 80 62 95 B E 56.2 97 87 96 A B–517 67 41 67 B C+35.4 33 29 41 .. C+39.5 13 8 21 .. E 48.2 73 81 63 B D–19.5

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos)

18. BANKS


B14

MONDAY, MAY 12, 2008

IBD Composite Rating Earnings Per Share Growth Rating Relative Price Strength Rating Sales+Profit Margins+Return On Equity Accumulation/Distribution (last 3 mos) 52-wk

6 6 666 High 4 9 3 E C+40.9 69 67 75 C C+30.0 27 37 22 C C+38.0 26 44 9 B D–27.1 58 58 65 C D 27.0 51 59 38 B C 29.9 10 28 7 B D–22.8 65 59 64 B B 23.0 42 58 18 B C 26.2 59 40 49 C A 16.3 52 59 31 B C+16.3 81 74 67 A A 24.0 90 96 83 A B–145 65 76 73 .. B–99 76 62 85 B C+44.9 56 48 44 C B 19.1 73 60 80 C B+25.9 22 28 28 B D–25.3 93 91 84 B A–24.3 29 50 13 B B–23.9 14 28 8 B D+23.0 64 44 62 B B–54.4 51 66 32 B C 74.3 59 53 55 C C 32.2 40 50 30 B D–23.9 78 64 82 B B 27.5 60 27 74 B A–53.3 16 19 30 C C 37.1 52 95 34 .. C+97.8 86 55 91 B A+16.3 75 61 81 B B–26.0 55 75 37 A D+47.4 60 50 49 B B 115 34 23 33 B B 37.9 62 40 68 B B 19.2 29 18 25 B B+40.2 20 25 15 C C+17.3 71 45 76 B B 25.0 59 65 38 A B 17.9 81 99 45 A C 14.1 78 60 65 B B 19.9 76 78 66 C A–17.1 88 86 79 A A–83.2 67 43 79 C C+19.5 46 59 20 B C+31.0 84 71 96 B C+24.4 47 30 62 C B–76.0 58 83 43 B C+28.8 59 41 52 A B 98.5 71 92 59 .. C 20.6 55 57 59 C C+28.3 84 74 68 B B–31.3 29 18 49 E B 17.5 35 46 17 B C+14.7 71 22 87 D A+38.5 71 64 60 A B+36.0 68 40 71 C A–18.0 25 24 23 B B+36.7 66 41 65 B B 25.0 90 74 95 B A 24.5 71 56 71 C B–15.9 9 7 7 E E 24.4 63 66 44 A B 59.3 79 63 76 B B+36.5 79 66 73 B B 37.8 76 83 59 A B+55.5 62 57 62 B C+29.4 49 38 29 B B–33.5 28 34 24 D B 18.7 49 51 43 B D–148 59 77 30 A B 32.3 65 74 31 B B–38.2 79 55 86 C A–32.6 86 75 86 B B–25.2 74 57 79 C A–19.6 55 55 40 B B–12.7 79 61 78 B D–36.0 20 30 16 D D 17.6 16 18 22 C B+94.2 61 35 49 B B+23.9 41 22 55 B C+14.7 29 34 22 B C 29.0 61 62 46 B A–23.5 78 74 80 B C+51.9 74 76 70 A C 77.6 22 34 21 B D 26.0 35 40 31 B C+30.2 5 22 16 E D–62.4 92 78 92 C A+52.6 76 58 76 B A–35.3 89 95 91 .. A–161 50 28 64 B B 63.1 57 38 44 B B+34.7 19 30 12 B C+31.4 38 27 54 B C+23.0 75 58 79 B C+29.9 54 50 42 B B 23.8 23 51 8 B E 17.4 9 24 13 C D+56.9 57 54 52 C C+28.7 51 58 42 A B–38.0 38 34 29 B D 32.0 79 50 86 B A+61.5 91 92 78 A B 144 36 33 33 B B–31.9 57 55 40 B B 43.1 27 46 28 D D–47.0 31 44 18 C B+83.0

Stock

–.09 –16 3.7m ..o +.16 –53 69 13ê –.06 –32 401 11ê –.42 –45 51 5ê –.14 –75 12 15ê ... –43 11 12ê –.06 –35 98 8ê –.09 +17 976 13o –.21 –12 283 9ê –.29 +2 1.4m 14ê –.01 +22 32 13ê –.02 –49 242 15ê –2.55 –53 291 31o –1.99 –2 1.6m 10o +.84 –32 184 18ê –.21 –65 31 15ê +.56 –64 12 14ê –.60+129 113 17ê +.16 –56 25 18ê –.01 +19 87 7ê –.22 –15 7.9m 6o +.73 –6 108 14ê –.58 –45 2.0m 26o +.03 –25 69 12ê +.01 –63 41 10ê –.03 –49 145 12ê +.52 –46 22m 13o +.01 –45 2.6m 11o –.67 –35 575 7ò +.01 –62 30 17ê –.04 –61 17 14ê –.99 +18 709 7ê –.44 –39 821 12o +.03 –66 96 18ê +.39 +88 133 13ê –.19 –42 2.0m 12o +.01 –46 68 12ê +.01 –14 121 15ê +.11 –78 48 9ê –.27 +3 550 12k –.09 –59 300 12ê +.15 –48 562 27o –1.31 –42 1.3m 18o +.12 –27 698 14ê –.67 +85 111 11ê –.45 –45 236 11o –.93 –39 2.1m 14o –.20 0 576 8o +.05 –55 25 13ê +.18 –42 2.7m 24o +.34 –51 19 11ê +.30 –34 66 19ê –.12 –53 904 ..ê –.13 +53 38 12ê +.61 –71 71 ..ê –.22 –64 171 14o +.02 +33 772 23ê –.29 –14 7.0m 9o –.30 –46 49 13ê +.35 –76 10 13ê +.32 –41 13 29k –.30 +27 34 ..ê +.25 –34 685 11ò ... –49 80 14ê –.03 –69 9 14ê –.15 –2 768 13ê –.02 –64 13 14ê –.20 –59 37 12ê –.09 +3 134 51k –1.40 +14 64 8ê +.54 –40 14 10ê –.41 +3 360 21ê –.28 –66 19 15ê –.42+122 148 18ê +.01 –67 120 18ê –.13 –34 606 13ê +.26 +18 44 14ê –.09 –46 33 12s +.12 –35 2.7m 13o –.27 –53 401 13ê –.11 –43 3.2m 12o +.01 –47 1.0m 10ê –.41 –49 129 14ê –.64 –48 19 14ê +1.03 –64 713 11ò –.25 –31 41 10ê ... –27 324 11ê –.01 –53 3.9m ..o +.14 –37 183 26ê +.04 –42 7.8m 12o –3.36 –19 1.3m 31o –.73 –28 581 13o –.31 –18 288 13o +.04 +4 463 9o +.57 –30 15 17ê +.23 –77 6 11ê –.24 +21 707 14ê +.02 –35 144 8ê –.20 –46 21m 12o +.02 –41 14 13ê –.05 –53 16m 11o –.11 –8 132 11ê –.06 –47 141 18ê +.63 –43 19 12ê +.08 –45 432 12o –.20 –56 301 12ê –.07 –47 157 14ê –.68 +22 3.2m 8o

19. BUILDING AAON Acuity