10 Best Companies to Invest In Now

Plus: 10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings, Obesity Drugs: Where to Invest Now, and more. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=54819&elqTrackId=be26a58717124ef3b02d47e9f19fcb7e&elq=b032ac9e7d184c03a0ae688b9182147d&elqaid=54819&elqat=1&elqCampaignId=27843) [Stock Strategist] Stock Strategist June 3, 2024 Good morning! Which stocks are driving the 2024 rally? Despite worries over an overly concentrated market, Nvidia is responsible for the lion's share of the market's gains over the past few years, followed by the rest of the "fab five." But which other stocks are helping lift returns? And which are the big detractors? [Sarah Hansen looks under the hood](. Also, we’ve got [five undervalued energy stocks]( to play the AI data center demand boom, and how Morningstar’s analysts think investors can best play the [growing demand for obesity drugs](. Plus, we’ve got earnings coverage of this past week’s big movers among tech stocks: [MongoDB]( [Zscaler]( [Marvell]( and [Dell](. Investing Events: - Tuesday, June 4: April Job Openings and Labor Turnover Survey (JOLTS report) - Wednesday, June 5: May ADP Employment Survey, Earnings from Lululemon Athletica [LULU]( - Thursday, June 6: Earnings from Nio [NIO]( - Friday, June 7: May Employment Situation Report Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended May 31: - The Morningstar US Market Index fell 0.59%. - The best-performing sectors were energy, up 2.04%, and real estate, up 1.71%. - The worst-performing sector was technology, down 1.90%. - Yields on 10-year US Treasury notes rose to 4.51% from 4.46%. - West Texas Intermediate crude prices fell 1.59% to $77.23 per barrel. - Of the 703 US-listed companies covered by Morningstar, 350, or 50%, were up, three were unchanged, and 350, or 50%, were down. Which Stocks Are Up? Gap [GPS]( United States Cellular [USM]( Chewy [CHWY]( Boston Beer Company [SAM]( and Dick’s Sporting Goods [DKS](. Which Stocks Are Down? MongoDB [MDB]( SentinelOne [S]( American Airlines [AAL]( Celsius Holdings [CELH]( and Paycom Software [PAYC](. And Don't Miss: - [This Stock Fund Is Trouncing the Market—and Trading Just Once a Year]( - [Obesity Drug Stocks: Where to Invest Now]( - [5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [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 [Read More]( Share: [facebook]( [twitter]( [linkedin]( [This Stock Fund Is Trouncing the Market—and Trading Just Once a Year]( [This Stock Fund Is Trouncing the Market—and Trading Just Once a Year]( Hennessy Cornerstone Mid Cap 30 Fund has chalked up big returns with winners such as Abercrombie & Fitch and Super Micro Computer. Gabe Alpert [5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom]( [5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom]( Energy Transfer and Kinder Morgan are among the cheap energy stocks poised to benefit from AI-related growth. Oratile Matome [10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings]( [10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings]( Squarespace and ChampionX saw the largest jumps among US-listed stocks covered by Morningstar analysts. Bella Albrecht [5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings]( [5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings]( Fastly and Tilray Brands are among those with the deepest reductions to their valuation estimates. Bella Albrecht [Obesity Drug Stocks: Where to Invest Now]( [Obesity Drug Stocks: Where to Invest Now]( Eli Lilly and Novo Nordisk have staged big rallies. Here’s how investors can approach this potentially huge opportunity. Diana Anghel [DuPont Split Gives Investors Better Choices]( [DuPont Split Gives Investors Better Choices]( A more focused DuPont should offer strong free cash flow and a growing dividend. Seth Goldstein [After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?]( With no sign of the AI boom slowing down and with a big rally, here’s what we think of Nvidia stock. Brian Colello [After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?]( With macro pressures but easier comparisons ahead, here’s what we think of Lowe’s stock. Grace Na [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 [Investors Pressure ExxonMobil Board on Climate; Meta Shareholders Consider Child Safety and AI]( [Investors Pressure ExxonMobil Board on Climate; Meta Shareholders Consider Child Safety and AI]( Single-use plastics also on the ballot at oil companies, in the latest from proxy-voting season. 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=54819) 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