33 best stocks to buy to start off 2023 as prices fall

The firm's analysts broke down valuations for each sector heading into the new year.With markets staring down a, 2023 may seem off to a bleak start. But according to Morningstar's chief US market strategist Dave Sekera, investors can still afford to keep their hopes up.

Based on an analysis conducted with over 700 stocks, Sekera believes that the market is currently trading at a price/fair value ratio of 0.84, which translates to a 16% discount against true value. Even though he forecasts upcoming market turbulence and economic stagnation in the first half of 2023, Sekera still believes this discount justifies an entry point for investors.

At a 30% discount, consumer cyclicals remained the second-cheapest sector, with apparel, travel, and leisure making up the three cheapest industries, according to sector director Erin Lash. Healthcare and real estate stocks also seem undervalued, trading 11% and 25%, respectively, below fair price estimates.

Valuations of industries within the basic materials sector were mixed, with building materials companies more expensive, while stocks within the agriculture and forest products industry and the chemicals, metals, and mining industries trading at a discount.

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To help survive a rocky 2023, these three value investors are favoring these six stocksOPINION: The Fed will overdo it in its inflation fight, creating a recession that will lead to a 20% decline in the S&P 500 from this already low level, sending the benchmark index down to 3,000 to 3,200 points. You should stop with these wild predictions. You sound like Chicken Little, “The sky is falling! The sky is falling!” Per the original definition of a recession we are already in one. What you are saying is they will put us into a depression! I think they already did.
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