10 Cheap Dividend-Growth Stocks to Buy

Plus: Undervalued by 40%, This Stock Is a Buy, 3 Cheap Dividend Stocks to Buy Yielding 4% or More, and Which AI Stocks Are Turning Hype Into Revenue? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55067&elqTrackId=427f7461441b40da8c82456486c3591e&elq=00f11b6be7494869a8d83b454a65ca5e&elqaid=55067&elqat=1&elqCampaignId=27947) [Stock Strategist] Stock Strategist June 10, 2024 Good Morning! Here's the rundown of what's happening in the stock market. Today marks the day that individual Nvidia shares become more affordable thanks to a [10-for-1 split](. (which of course, is [different than valuation]( Lost in the hubbub was the firm’s announcement that it is raising its dividend. [David Harrell looks at]( whether the stock will also become a dividend-investing heavyweight. Given Nvidia’s massive rally, it was probably only a matter of time before it overtook Apple as the second-largest stock, in the process crossing the $3 trillion mark. Can it keep running? Christopher Johnson in London has a [great interview with a fund manager]( who doesn’t think Nvidia’s stock will stop here. He believes it’s on its way to becoming the biggest company in the world. This past week, we also checked in with the latest on stock performance. We’ve got a wrap-up of last month’s [top-performing dividend stocks]( (including Pfizer and Best Buy), the [best and worst stocks]( for May (which includes First Solar). Investing Events: - Tuesday, June 11 - Earnings from Oracle [ORCL]( - Wednesday, June 12 - May Consumer Price Index report, June Federal Open Market Committee meeting, Earnings from Broadcom [AVGO]( - Thursday, June 13 - May Producer Price Index report, Earnings from Adobe [ADBE]( Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended June 7: - The Morningstar US Market Index rose 1.03%. - The best-performing sectors were technology, up 3.45%, and healthcare, up 1.93%. - The worst-performing sector was utilities, down 3.88%. - Yields on 10-year US Treasury notes fell to 4.43% from 4.51%. - West Texas Intermediate crude prices fell 4.69% to $75.26 per barrel. - Of the 703 US-listed companies covered by Morningstar, 249, or 36%, were up, five were unchanged, and 449, or 64%, were down. Which Stocks Are Up? Smartsheet [SMAR]( Stericycle [SRCL]( Guidewire Software [GWRE]( Hewlett Packard Enterprise [HPE]( and CrowdStrike Holdings [CRWD](. Which Stocks Are Down? RealReal [REAL]( Vistra [VST]( Shoals Technologies [SHLS]( Plug Power [PLUG]( and LivaNova [LIVN](. And Don't Miss: - [10 Cheap Dividend-Growth Stocks to Buy]( - [Undervalued by 40%, This Stock Is a Buy After Earnings]( - [10 Top-Performing Dividend Stocks of the Month]( - [These Stocks Are (Still) Powering the Bull Market]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [10 Cheap Dividend-Growth Stocks to Buy]( [10 Cheap Dividend-Growth Stocks to Buy]( The stocks of these companies with a history of dividend increases look undervalued today. Susan Dziubinski [Get Picks]( Share: [facebook]( [twitter]( [linkedin]( [Undervalued by 40%, This Stock Is a Buy After Earnings]( [Undervalued by 40%, This Stock Is a Buy After Earnings]( The shares of this narrow-moat company look like a steal to us. Jaime Katz [Why Today’s Fed Outlook May Be the Best-Case Scenario for Stock Investors]( [Why Today’s Fed Outlook May Be the Best-Case Scenario for Stock Investors]( Hopes of a soft landing are alive and well, but the worst-case scenarios are also on the table. Sarah Hansen [10 Top-Performing Dividend Stocks of the Month]( [10 Top-Performing Dividend Stocks of the Month]( New York Community Bank and Lincoln Financial Group are among May 2024′s high-yielding winners. Bella Albrecht, Lauren Solberg [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 [Nvidia Raised Its Dividend — but There’s a Catch]( [Nvidia Raised Its Dividend — but There’s a Catch]( Large dividend increases don’t necessarily result in meaningful yields. David Harrell [These Stocks Are (Still) Powering the Bull Market]( [These Stocks Are (Still) Powering the Bull Market]( Nvidia leads the pack, with the rest of the ‘Fab Five’ not far behind. Sarah Hansen [After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?]( With lower-than-expected revenue and modest guidance for growth, here’s what we think of Salesforce stock. Dan Romanoff [After Earnings, Is Marvell Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Marvell Stock a Buy, a Sell, or Fairly Valued?]( With declines in revenue for non-data center markets but impressive growth in gen AI sales, here’s what we think of Marvell’s stock. William Kerwin [After Earnings, Is Zscaler Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Zscaler Stock a Buy, a Sell, or Fairly Valued?]( With strong growth in emerging pro, here’s what we think of Zscaler’s stock. Malik Ahmed Khan [After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?]( With strong enterprise revenues and significant market share potential, here’s what we think of MongoDB’s stock. Julie Bhusal Sharma [After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?]( With improved sales growth, here’s what we think of Alibaba stock. Chelsey Tam [ASML Fair Value Raised as Outlook Improves]( [ASML Fair Value Raised as Outlook Improves]( We have higher confidence in the semiconductor equipment stock’s long-term prospects. Javier Correonero [Where We See Opportunities in June as Stocks Recover Losses]( [Where We See Opportunities in June as Stocks Recover Losses]( Can’t keep a good market down: Stocks recover April losses. David Sekera [Which AI Stocks Are Turning Hype Into Revenue?]( [Which AI Stocks Are Turning Hype Into Revenue?]( For Nvidia, Microsoft and others, AI will remain a tailwind in 2024. Bella Albrecht [Manager: Nvidia Will Be the Biggest Company in the World]( [Manager: Nvidia Will Be the Biggest Company in the World]( Stephen Yiu, CIO of the Bronze-rated Blue Whale Growth Fund, explains his decision to stick with Nvidia and ditch his position in UMG. Christopher Johnson [3 Cheap Dividend Stocks to Buy Yielding 4% or More]( [3 Cheap Dividend Stocks to Buy Yielding 4% or More]( These high-dividend stocks look undervalued to us. David Sekera [3 Dividend Stocks for June 2024]( [3 Dividend Stocks for June 2024]( The dividend prospects of a REIT, a utility, and a toymaker. David Harrell [The Best Tech Stocks to Buy ]( [The Best Tech Stocks to Buy]( Seven undervalued stocks offer attractive prices in a predominantly overvalued sector. Sbidag Demerjian [The Best Utilities Stocks to Buy]( [The Best Utilities Stocks to Buy]( These 10 undervalued utilities offer appealing dividend yields and the opportunity for growth. Tori Brovet [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=55067) 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. 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