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Capital Markets Outlook: A brief synopsis, issued every other week, of the stock market, bond market, economy, Federal Reserve, and world financial markets and economies. Company Information: Reports providing comprehensive evaluations, investment ratings, and recent results of the companies followed by our analysts. There are Company Briefs (updated daily), Company Comments (updated every other week), and Company Reports (updated periodically). Daily Comments: A variety of daily reports relaying opening, mid-day, and closing market activity. This section also includes fixed income comments, economic comments, company and industry comments, earnings, and opinion changes. All reports in this section are archived for a two-month period. Dates to Watch: A one-month outlook of important dates in the financial industry including: Federal Reserve meetings and important expected economic releases, such as information on housing starts, the Consumer Price Index, the Gross Domestic Product Index, etc. Analysts' meetings and conference calls with companies are included, as well. Economic Comments: Daily economic comments are available, as well as the Economic Perspective: a summary, issued every other month, of our outlook for the economic and monetary indicators most likely to move the securities markets. Equity Recommended List: A list of 30 to 40 stocks that are expected to outperform the S&P 500. The list contains links to Pershing research reports written on each individual company. Fixed Income Comments and Inventories: Daily fixed income inventory, morning commentary, sales ideas, a syndicate calendar, and educational materials are available free of charge. Information is available online and by e-mail. The daily fixed income offerings include a full range of products such as: municipal bonds, high-grade corporate bonds, high-yield bonds, weekly high-yield odd-lot specials, Eurobonds and emerging market products, U.S. agency bonds, mortgage-backed securities (pass-throughs and collateralized mortgage obligations), fixed-rate preferred stock, and unit investment trusts. FundCenter: Use FundScan™ to sort through a database of over 7,000 mutual funds and find the funds which best meet your clients' individual objectives. Criteria used to sort through the funds include fund company, expense ratio, fund objective, relative risk, load/fee structure, relative size, manager tenure, average annual performance, and percentage performance. In addition, top ten holdings and important fund statistics are available for each fund. Industry Information: Reports covering recent developments and trends in the industries covered by Pershing. Mutual Fund Recommended List: A recommended list of mutual funds composed by Pershing's analysts. The list is created using criteria such as investment objectives and policies, historic performance, key ratios, and top ten holdings. Portfolio Comment: Monthly observations about prevailing investment trends, including recommendations on appropriate investment vehicles, strategies, and ideas. Trends: Graphs and tables depicting current directions, cycles, comparisons, characteristics, and averages in the market. Focus is reported relative to the Dow Jones Industrial Average and the S&P 500, and includes industry sector performance data, market direction, interest rates, and other economic statistics. Wall Street on Demand®: A database of research reports on individual companies, mutual funds, and industries from a variety of sources, including Standard & Poor's, First Call Corporation®, Ford Investor Services, Inc., Lipper Analytical Services Inc., Business Wire, Renaissance Capital Corporation, Vickers Stock Research Corporation, and more. Reports may be downloaded or faxed for a nominal cost, based on the type and amount of material ordered. Weekly Comments: A weekly recap of the market, corporate developments, economic highlights, expected economic releases, and Treasury auctions, plus a look at the week ahead. Trademarks of Pershing Investments LLC. First Call Corporation® and Wall Street On Demand® belong to their respective owners.