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Morningstar-style boxes You ll recall that Morningstar breaks the general equity fund universe into nine categories: large growth, large value, and large blend; mid-cap growth, mid-cap value, and mid-cap blend; and small growth, small value, and small blend Similarly, Morningstar will put stocks into those same classi cations for direct equity investors who want to be mindful of their overall asset allocation decisions So if you re only searching for stocks that are classi ed as small value, for instance, to round out a portfolio that may be large-cap and growth-oriented, you can screen for only that type stock Market caps With Morningstar, you can screen for stocks based on their market values, which again is calculated by multiplying a stock s price by the total number of shares the company has outstanding This is particularly useful for equity investors who seek stocks with certain risk-return characteristics If you re looking for speculative investments with high risk but high growth potential, it s likely you ll search among the small-caps (companies with market values under $1 billion) If you re looking for large, steady eddies, you ll probably focus on the blue chips found among large-caps (market values of $10 billion or more) And if you re looking to split the di erence, you can always search among mid-caps those stocks with market capitalization between around $1 and $10 billion You can also screen for micro-caps shares of companies with total market values of $250 million or less Morningstar grades As an equity research rm, Morningstar has its own proprietary grading systems for stocks based on their overall growth, their earnings outlook, and their nancial stability These grades, like report cards, range from A through F, with A being the best grade Revenues In addition to pro ts, you can screen for stocks based on sales, the importance of which we ll discuss in a moment Earnings Morningstar s stock screener lets you screen for stocks based on various measures of pro tability Past returns Investors looking for stocks that are on a roll or are in distress growth investors will be interested in the former; value investors in the latter can screen for stocks based on their share price performance over the past one and three months, as well as the past one and ve years Valuations Since valuations are a major consideration of a stock s relative risk, Morningstar allows investors to screen based on trailing price-to-earnings ratios Dividend yield Though many investors overlook stock dividends, a stock s payout percentage is also terribly important for an investor s.



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As you can guess, a second navigation case can be defined for a failure outcome that will route the viewer to page3jsp

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The next question you re wondering is, How is an outcome determined This can either be hard-coded, or derived dynamically from the return value of a method that is triggered when a button is clicked As you recall, UI components can be bound to both properties and methods so it is possible to associate a button click with a specific method in a managed bean, which can then return an outcome as a String value The JSF event model then processes this outcome String value and follows any navigation case defined in the navigation model that corresponds to the outcome of the method Now that you know the history and theory behind JSF, and have seen a very simple example of a working JSF page, it s time to review a more detailed JSF example application 2 develops a short, yet practical registration form example that exercises many of the key features of JavaServer Faces It will also serve as one of several modules of a more intricate Virtual Trainer example application, which will be introduced in Part II of this book

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Consider the simple case of a Faces button (<h:commandButton/> or UICommand) being clicked on a page As with any Web application, when the Faces button is clicked, the form is submitted and an HTTP Post is sent to the application server where the JSF application is running As the JSF request processing lifecycle processes the request, it is in the Apply Request Values phase when the event generated by the button click is queued as an action event If the HTTP request contains a component ID that matches the ID of the UICommand button that was clicked, then the Faces lifecycle knows that the button was clicked At this point, the only thing that can be done is to record that the button click occurred since other UI components may still be receiving their updates from other incoming request values To record the button click event, the Faces lifecycle instantiates an ActionEvent object and passes it as an argument to the UICommand s queueEvent( ) method The event has now been queued for future processing The Apply Request Values phase will complete and proceed to the other phases, Process Validations and Update Model Values It isn t until the Invoke Application phase is reached successfully (providing no validation, conversion, or model update errors are encountered), that a corresponding ActionListener will process the ActionEvent

To reiterate, investors should be aware that these tax rates will revert back to pre-2003 levels if Congress and the White House do not act to extend the lower rates or make them permanent But as with all things that are tax-related, it s impossible to plan perfectly for what may or may not change in the future As an investor, the only thing you can do is act on what you know to be true today while recognizing that things could change in any number of ways

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