Many investors are bracing for more market choppiness ahead. But even in a turbulent environment, there are value opportunities for investors who look carefully, according to Dave Sekera, Morningstar's chief U.S. market strategist. "We think the stock market is undervalued," Sekera told CNBC during an interview at the Morningstar Investment Conference in Chicago.
mountain Meta Platforms' stock year to date Last year, investors seemed to flock toward defensive stocks as economic fears mounted. Today, Morningstar views many of those names, in areas such as energy, healthcare and consumer defensives, as fully valued. Instead, investors may want to focus now on cyclicals that are trading at a significant discount. That includes companies such as Carnival and Hasbro .