What Investors Need to Know About GE’s Spinoff

Plus: Trump Media Is Not a Meme Stock. It’s a Cryptocurrency. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=52988&elqTrackId=acf4a5eb975c4c27b25883c4ab8dfb9e&elq=f63211e374264f87ac328fa022537887&elqaid=52988&elqat=1&elqCampaignId=26799) [Stock Strategist] Stock Strategist April 1, 2024 Good Morning! Here's the rundown of what's happening in the stock market. This week brings an important event for a household name. On Tuesday, GE will spin off its clean energy business into GE Vernova. Here’s Joshua Aguilar’s [take on what GE investors need to know]( with Morningstar’s outlook on the new company and the remaining GE Aerospace biz. We also take a deep dive in one this year’s top performing stocks: beverage maker Celsius is up nearly 70% in 2024 and more than 200% over the past year. We take a look at [what’s been driving the company’s rally]( and whether Morningstar thinks it’s a buy or a sell. Lastly Morningstar's [Dave Sekera]( is out with his latest quarterly outlook for stocks, and his advice is to [think contrarian](. Economic Releases Scheduled for the Coming Week - Monday, April 1 - Feb. [Construction Spending]( (month to month): 1.2% vs. -0.2% in Jan. - March [ISM Manufacturing]( 48.5 vs. 47.8 in Feb. - Tuesday, April 2 - Feb. [Job Openings and Labor Turnover Survey]( 8,700K vs. 8,863K in Jan. - Wednesday, April 3 - March [ADP Employment Survey]( 152.5K vs. 140K in Feb. - March [ISM Services PMI]( 52.7 vs. 52.6 in Feb. - Thursday, April 4 - [Initial Unemployment Insurance Claims]( report for the week ended March 30: N/A vs. 210K for the week ended March 23 - Friday, April 5 - March [Employment Situation]( Report - Nonfarm Payrolls: 180K vs. 275K in Feb. - Unemployment Rate: 3.8% vs. 3.9% in Feb. - Average Workweek: 34.3 vs. 34.3 in Feb. - Hourly Earnings (month to month): 0.3 vs. 0.1 in Feb. - Feb. [Consumer Credit]( 9.0 billion vs. 5.2 billion in Jan. All consensus estimates are sourced from FactSet. For The Trading Week Ended March 29: - The Morningstar US Market Index rose 0.50%. - The best-performing sectors were utilities, up 2.76%, and energy, up 2.20%. - The worst-performing sector was technology, down 0.99%. Yields on 10-year US Treasury notes fell to 4.20% from 4.22%. - West Texas Intermediate crude prices rose 2.34% to $83.00 per barrel. - Of the 704 US-listed companies covered by Morningstar, 555, or 79%, were up, three were unchanged, and 147, or 21%, were down. Which Stocks Are Up? Guardant Health [GH]( RH [RH]( , Tandem Diabetes Care [TNDM]( Sinclar [SBGI]( and Sunrun [RUN](. Which Stocks Are Down? Celsius Holdings [CELH]( Compass Minerals [CMP]( Shoals Technologies [SHLS]( Groupon [GRPN]( and Arista Networks [ANET](. And Don't Miss: - [10 Undervalued Wide-Moat Stocks]( - [We Just Upgraded These 6 Companies. Is It Time to Buy the Stocks?]( - [The Best Biotech Stocks to Buy]( - [An Ultracheap Stock to Buy in a Rallying Sector]( - [Celsius Stock Has Soared 206%. Is It a Buy or a Sell?]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [What Investors Need to Know About GE’s Spinoff]( [What Investors Need to Know About GE’s Spinoff]( GE stock holders will receive shares in a clean energy spinoff. Here’s Morningstar’s outlook. Joshua Aguilar [Read More]( Share: [facebook]( [twitter]( [linkedin]( [Q2 Stock Market Outlook: Contrarian Plays Look Increasingly Attractive]( [Q2 Stock Market Outlook: Contrarian Plays Look Increasingly Attractive]( Market leaders now fully valued, we see opportunities in what’s underperformed, unloved, and undervalued. David Sekera [Trump Media Is Not a Meme Stock. It’s a Cryptocurrency.]( [Trump Media Is Not a Meme Stock. It’s a Cryptocurrency.]( Investors aren’t buying DJT for future cash flows. John Rekenthaler [Investors Can Find More Than Gold in the Mining Industry]( [Investors Can Find More Than Gold in the Mining Industry]( Moats are rare in the mining space—with one exception. Jon Mills [An Ultracheap Stock to Buy in a Rallying Sector]( [An Ultracheap Stock to Buy in a Rallying Sector]( This 35% undervalued stock is one of our top picks in the sector today. Brian Colello [Celsius Stock Has Soared 206%. Is It a Buy or a Sell?]( [Celsius Stock Has Soared 206%. Is It a Buy or a Sell?]( The beverage maker’s stock price has surged thanks to big gains in market share and strong earnings. Diana Anghel [10 Undervalued Wide-Moat Stocks]( [10 Undervalued Wide-Moat Stocks]( Cheap high-quality names from the Morningstar Wide Moat Focus Index are attractive stocks to buy for long-term investors. Susan Dziubinski [Investment Opportunities in US Renewable Energy]( [Investment Opportunities in US Renewable Energy]( New regulations in California spurred a surge in customer demand for solar energy. Brett Castelli [We Just Upgraded These 6 Companies. Is It Time to Buy the Stocks?]( [We Just Upgraded These 6 Companies. Is It Time to Buy the Stocks?]( We’ve boosted the Morningstar Economic Moat Ratings on these companies to wide. Susan Dziubinski [Boeing: Management Shakeup May Foster More Change—No Simple Task]( [Boeing: Management Shakeup May Foster More Change—No Simple Task]( New leadership will likely increase the probability that the firm can dig itself out of its mess and deliver high-quality planes on schedule again. Nicolas Owens [The Best Biotech Stocks to Buy]( [The Best Biotech Stocks to Buy]( Thanks to rapid innovation and strong product launches, some biotech stocks look attractive again. Tori Brovet Get Top Stock Picks and Market Insights Every Week on The Morning Filter. Every Monday morning, Susan Dziubinski sits down with Morningstar Chief U.S. markets strategist Dave Sekera to discuss what's on his radar, new Morningstar research, and stock picks or pans for the week ahead. [Watch Now.](morningstar/streams?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=52988) Thanks for reading! Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602