News Formal

10 high-quality stocks currently trading cheap: Morningstar

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Stocks may have rallied to new levels recently, but these 10 high-quality investments are still cheap right now, according to Morningstar

"We project that the combination of tight monetary policy and declining credit availability will take its toll on the economy over the course of the year," Sekera wrote."A weak economy will pressure earnings growth and likely lead to a negative sentiment in the markets."

He concluded:"In our view, investors should look past this potential short-term volatility and, where their risk tolerance allows, use pullbacks to move from market weight back into overweight positions."high-quality stocksIn a note from June 27, Morningstar identified the 10 most undervalued high-quality stocks with lasting competitive advantages that make them attractive to long-term investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia, AMD stocks hit by reported China chip ban, and other stocks on the moveNvidia and AMD were among chip stocks falling on Wednesday, while Overstock, Blue Apron and AeroVironment were also active.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks open lower as chip stocks fall, investors await comments from Fed Chair PowellU.S. stock indexes opened lower on Wednesday as chip stocks tumbled after a report that Washington lawmakers are considering new curbs on export of chips for AI to China. The Dow Jones Industrial Average shed 0.2%:
Source: MarketWatch - 🏆 3. / 97 Read more »

Homebuilder ETF outperforms S&P 500, industry's stocks still ‘cheap’ in 2023 market rallyHomebuilder stocks are relatively “cheap” even after surging this year, and represent a pocket of the U.S. equities-market rally that extends beyond the Big...
Source: MarketWatch - 🏆 3. / 97 Read more »

AI stocks could prove unprofitable in future, market veteran saysAI stocks could prove unprofitable in the future as money has already been made on them in the current rally, 40-year market veteran Jim Bianco says
Source: BusinessInsider - 🏆 729. / 51 Read more »