These Stocks Led a Stealth Q1 Value Rally

Plus: 10 Top-Performing Dividend Stocks for the Quarter, 33 Undervalued Stocks, and Will Small-Cap Stocks Ever Catch Up? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=53144&elqTrackId=c5a7ef6674d546f588a9d0183d043353&elq=ebc3bba5858940ccb7252f546ce28025&elqaid=53144&elqat=1&elqCampaignId=26914) [Stock Strategist] Stock Strategist April 8, 2024 Good Morning! Here's the rundown of what's happening in the stock market. While many investors have been focusing on the big gains in technology and other growth stocks during the first quarter, a quiet rally in value stocks has been taking place. [Bella Albrecht examines]( which sectors and stocks led the move higher. (Coincidentally, one of the companies is led by the world’s most famous value stock investor.) This week we also take a look at [which stocks were the biggest winners]( in the first quarter and which were [the biggest losers](. Along with that, we screen for the [best-performing dividend stocks](. Economic Releases Scheduled for the Coming Week - Wednesday, April 10 - March [Consumer Price Index]( report - CPI (month to month): 0.3% vs. 0.4% in Feb. - Core CPI (month to month): 0.3% vs. 0.4% in Feb. - CPI (year over year): 3.4% vs. 3.2% in Feb. - Core CPI (year over year): 3.7% vs. 3.8% in Feb. - [Minutes]( from the March Federal Open Market Committee Meeting - Thursday, April 11 - [Initial Unemployment Insurance Claims]( report for the week ended April 6: N/A vs. 221K for the week ended March 30 - March [Producer Price Index]( report - PPI (month to month): 0.35% vs. 0.60% in Feb. - Core PPI (month to month): 0.25% vs. 0.30% in Feb. - PPI (year over year): 2.3% vs. 1.6% in Feb. - Core PPI (year over year): 2.3% vs. 2.0% in Feb. - Friday, April 12 - April Preliminary University of Michigan Index of Consumer Sentiment: 81.0 vs. 79.4 in March - Q1 Earnings season starts with reports from BlackRock BLK, JPMorgan Chase JPM, Wells Fargo WFC All consensus estimates are sourced from FactSet. For The Trading Week Ended April 5: - The Morningstar US Market Index fell 1.04%. - The best-performing sectors were energy, up 3.66%, and communication services, up 0.90%. - The worst-performing sector was healthcare, down 3.03%. - Yields on 10-year US Treasury notes rose to 4.39% from 4.20%. - West Texas Intermediate crude prices rose 3.25% to $86.69 per barrel. - Of the 704 US-listed companies covered by Morningstar, 166, or 24%, were up, two were unchanged, and 536, or 76%, were down. Which Stocks Are Up? Guardant Health [GH]( RH [RH]( Tandem Diabetes Care [TNDM]( Sinclar [SBGI]( and Sunrun [RUN](. Which Stocks Are Down? Lamb Weston [LW]( PVH [PVH]( , RH [RH]( Groupon [GRPN]( and Ulta Beauty [ULTA](. And Don't Miss: - [These Stocks Led a Stealth Q1 Value Rally]( - [Q1 2024 In Review and Q2 Market Outlook]( - [10 Top-Performing Dividend Stocks for the Quarter]( - [The Worst-Performing Stocks of Q1]( - [Yielding Almost 5%, This Undervalued Dividend Stock Is a Buy]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [These Stocks Led a Stealth Q1 Value Rally]( [These Stocks Led a Stealth Q1 Value Rally]( The financial services and energy sectors led the return of value stocks in Q1 2024. Bella Albrecht [Get Stock List]( Share: [facebook]( [twitter]( [linkedin]( [Best-Performing Stocks for the Quarter]( [Best-Performing Stocks for the Quarter]( Q1′s winning stocks are a surprising list of more than just Nvidia and AI names. Tom Lauricella [The Worst-Performing Stocks of Q1]( [The Worst-Performing Stocks of Q1]( Stocks for Sabre, SunPower, and Arcadium were among the quarter’s biggest losers. Diana Anghel [10 Top-Performing Dividend Stocks for the Quarter]( [10 Top-Performing Dividend Stocks for the Quarter]( Advance Auto Parts and NRG Energy are among Q1 2024′s high-yielding winners. Bella Albrecht, Lauren Solberg [Q1 2024 In Review and Q2 Market Outlook]( [Q1 2024 In Review and Q2 Market Outlook]( Our analysts put the first-quarter performance trends for stocks, bonds, and funds into perspective and provide a fresh market outlook for Q2. Tom Lauricella [Will Small-Cap Stocks Ever Catch Up?]( [Will Small-Cap Stocks Ever Catch Up?]( The smallest companies in the stock market are lagging, but that doesn’t mean they’re not worth owning. Sarah Hansen [Yielding Almost 5%, This Undervalued Dividend Stock Is a Buy]( [Yielding Almost 5%, This Undervalued Dividend Stock Is a Buy]( Shares of this narrow-moat industry leader are trading 13% below what we think they’re worth. Seth Goldstein [How Large Will Losses Be in Commercial Real Estate?]( [How Large Will Losses Be in Commercial Real Estate?]( Here’s what it could mean for the banking sector. Eric Compton, Suryansh Sharma [Top 15 Wealth-Creating Stocks of the Past Decade]( [Top 15 Wealth-Creating Stocks of the Past Decade]( These stocks have excelled at creating shareholder value in dollar terms. Amy Arnott [3 Stocks to Sell for 2Q 2024]( [3 Stocks to Sell for 2Q 2024]( These stocks look significantly overpriced, according to Morningstar’s metrics. Susan Dziubinski [Best- and Worst-Performing Stocks for the Month]( [Best- and Worst-Performing Stocks for the Month]( Williams-Sonoma and Southern Copper rank among the best stocks for March, while the worst include Zscaler and MongoDB. Bella Albrecht [Investment Opportunities in the Biopharma Industry]( [Investment Opportunities in the Biopharma Industry]( The industry faces pressure from expiring patents, but we think innovation will offset these losses. Karen Andersen, Damien Conover [Arm Stock Has Soared, but It’s No Nvidia]( [Arm Stock Has Soared, but It’s No Nvidia]( With a big jump in Arm’s stock price, how much of its AI story is reality vs hype? Javier Correonero [5 Undervalued Stocks to Buy During Q2 2024]( [5 Undervalued Stocks to Buy During Q2 2024]( Plus our stock and bond market outlooks for the second quarter. David Sekera, Susan Dziubinski [The 10 Best Companies to Invest in Now]( [The 10 Best Companies to Invest in Now]( These undervalued stocks of high-quality companies are attractive investments today. Margaret Giles [Investment Opportunities in the Biopharma Industry]( [Investment Opportunities in the Biopharma Industry]( The industry faces pressure from expiring patents, but we think innovation will offset these losses. Karen Andersen, Damien Conover [The Best Industrials Stocks to Buy]( [The Best Industrials Stocks to Buy]( These five companies have competitive advantages—and their stocks are undervalued. Tori Brovet [33 Undervalued Stocks]( [33 Undervalued Stocks]( Here’s the new list of Morningstar’s top underpriced analyst picks to buy for Q2 2024. Susan Dziubinski 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=53144) 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