Should You Buy and Hold an Artificial Intelligence Portfolio?

Plus: Here's What Nvidia’s Stock Split Mean for Investors and Is Berkshire Hathaway’s Mystery Stock a Buy? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=54618&elqTrackId=cc8a3f4567044f6db3e37891ea8bf2d3&elq=eeee005eb2d94108985e99dd34c38971&elqaid=54618&elqat=1&elqCampaignId=27735) [Stock Strategist] Stock Strategist May 27, 2024 Good Morning! Here's the rundown of what's happening in the stock market. The big news for the market last week’s was Nvdia’s blowout quarter (again). Nvidia simply crushed it. Morningstar analyst Brian Colello [explains what investors need to know]( about Nvidia’s latest earnings, the outlook for the company and his new fair value estimate for the stock. We’ve also got a look at [what you need to know about Nvidia’s stock split]( coming up next month. The artificial intelligence boom behind Nvidia’s big quarter is one part of the narrative driving the stock market higher. But as Sarah Hansen writes, another key support for the market is showing growing cracks: consumer spending. We look at the signs of a [consumer spending slowdown and how to play it](. Investing Events: - Monday, May 27 - Markets closed in observance of Memorial Day - Tuesday, May 28 - May [Consumer Confidence Survey]( 95.3K vs. 97.0K in April - Wednesday, May 29 - Federal Reserve Beige Book, Earnings from Salesforce [CRM]( - Thursday, May 30 - Earnings from Zscaler [ZS]( Costco Wholesale [COST]( - Friday, May 31 - April [Personal Income and Outlays]( report, PCE inflation index (year over year): 2.7% vs. 2.7% in March Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended May 24: - The Morningstar US Market Index fell 0.14%. - The best-performing sectors were technology, up 2.72%, and industrials, down 0.48%. - The worst-performing sector was energy, down 3.59%. - Yields on 10-year US Treasury notes rose to 4.46% from 4.42%. - West Texas Intermediate crude prices fell 4.80% to $77.74 per barrel. - Of the 703 US-listed companies covered by Morningstar, 177, or 25%, were up, 2 were unchanged, and 524, or 75%, were down. Which Stocks Are Up? First Solar [FSLR]( Bloom Energy [BE]( Shoals Technologies [SHLS]( Moderna [MRNA]( and Nvidia [NVDA](. Which Stocks Are Down? Sinclair [SBGI]( Workday [WDAY]( Nordson [NDSN]( Revolve [RVLV]( and Walgreens Boots Alliance [WBA](. And Don't Miss: - [5 Undervalued Stocks That Crushed Earnings for Q1 2024]( - [What Does Nvidia’s Stock Split Mean for Investors?]( - [Should You Buy and Hold an Artificial Intelligence Portfolio?]( - [Is Berkshire Hathaway’s Mystery Stock a Buy?]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [Is Berkshire Hathaway’s Mystery Stock a Buy?]( [Is Berkshire Hathaway’s Mystery Stock a Buy?]( Warren Buffett likes this narrow-moat large-cap company so much that it’s now among Berkshire’s top 10 holdings. Brett Horn [Reveal Stock]( Share: [facebook]( [twitter]( [linkedin]( [What Does Nvidia’s Stock Split Mean for Investors?]( [What Does Nvidia’s Stock Split Mean for Investors?]( The semiconductor giant’s stock will carry a fair value estimate of $105 after its 10-for-1 split. Sarah Hansen [2 Wide-Moat Stocks to Consider]( [2 Wide-Moat Stocks to Consider]( The stocks of these upgraded companies may appeal to quality seekers. Susan Dziubinski [5 Undervalued Stocks That Crushed Earnings for Q1 2024]( [5 Undervalued Stocks That Crushed Earnings for Q1 2024]( Lyft, Pfizer, and Lazard are among those that are still cheap despite impressive earnings beats. Bella Albrecht [Should You Buy and Hold an Artificial Intelligence Portfolio?]( [Should You Buy and Hold an Artificial Intelligence Portfolio?]( The lesson from internet stocks. John Rekenthaler [The Best Bank Stocks to Buy ]( [The Best Bank Stocks to Buy]( There’s opportunity to be found among the undervalued stocks of banks. Tori Brovet [Is the Stock Market Too Concentrated?]( [Is the Stock Market Too Concentrated?]( History says no. John Rekenthaler [After Earnings, Is Applied Materials Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Applied Materials Stock a Buy, Sell, or Fairly Valued?]( With sales slightly above expectations, here’s what we think of Applied Materials’ stock. William Kerwin [After Earnings, Is Uber Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Uber Stock a Buy, a Sell, or Fairly Valued?]( With strong bookings growth and Strategic Partnerships, Here’s Our Take on Uber Stock Malik Ahmed Khan [After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( With a decline in sales and efforts to gain positive growth, here’s what we think of Home Depot’s stock. Grace Na [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( With continued operating margin expansion and robust comparable sales growth, here’s what we think of Walmart stock. Noah Rohr [After Earnings, Is Baidu Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Baidu Stock a Buy, a Sell, or Fairly Valued?]( With advertising headwinds but potential growth in GenAI, here’s what we think of Baidu stock. Kai Wang [After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?]( With bookings up but player engagement slowing, here’s what we think of Roblox stock. Michael Hodel [3 Cheap and Dependable Dividend-Growth Stocks to Buy]( [3 Cheap and Dependable Dividend-Growth Stocks to Buy]( These dividend growers look undervalued today. Susan Dziubinski [When to Reinvest Dividends (or Not) ]( [When to Reinvest Dividends (or Not)]( Making sure you have a system in place to handle dividend proceeds is a small but important task. Amy Arnott [5 Stocks to Buy While They’re Trading at Big Discounts]( [5 Stocks to Buy While They’re Trading at Big Discounts]( Plus, our take on Nvidia ahead of earnings. David Sekera, Susan Dziubinski [AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?]( [AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?]( What a consumer spending slowdown could mean for the stock market outlook, and how to play it. Sarah Hansen [Proxy Votes This Week at Amazon, Schwab, and Morgan Stanley]( [Proxy Votes This Week at Amazon, Schwab, and Morgan Stanley]( Investors weigh in on facial recognition, workers’ rights, pay equity, and climate financing. Leslie Norton [Morningstar's Company Reports]( [Morningstar's Company Reports]( Discover actionable insights today. 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=54618) 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