Observers of the market have surely noted last month's retreat of stocks, losing half the ground gained in the strong January to April timeframe. While our analysts see some weakening of the U.S. economic outlook, as always they also see opportunities in this (or any) market decline. Now may be the time to trade into higher-quality companies that are trading at cheaper prices.
And speaking of high-quality, reasonably-valued stocks, in this month's issue, we introduce three new companies to the Investor Advisory Service. The first won't be an unfamiliar name to many subscribers, a large telecom company that's been hitting it out of the park. The second company is a small, not-so-sleepy biotech business. Finally, our third selection is a midsized industrial stock with a good roadmap to success.
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We hope you have exciting plans to celebrate the Independence Day holiday. On behalf of our entire staff, we wish you the best for the July 4th celebration, as well as for your investment portfolio.