10 Best Companies With Undervalued Stocks

Plus, 4 predictions on stocks and the economy for the rest of 2024. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55754&elqTrackId=8178fa966b5d4f809ae92d6f1101f583&elq=7c7da6dba4d5479fa5b4550a88f793a5&elqaid=55754&elqat=1&elqCampaignId=28329) [Stock Strategist] Stock Strategist July 8, 2024 Good Morning! Here's the rundown of what's happening in the stock market. As we kick off the second half of 2024, Morningstar’s stock analysts are out with their top picks across the market’s sectors. That includes [technology]( [communications service]( and [utilities](. You can find the complete list of sector outlooks and picks, along with all our quarterly review and outlook coverage, [here](. That quarterly coverage includes a look back at the stocks that have [led the market higher to start the year]( and examines whether that broadening of the rally that pundits have been calling for is anywhere in sight. Lastly, Morningstar senior equity analyst Dan Wasiolek has [six undervalued sports betting and iGaming stocks]( on his coverage list, including his two top picks from the group, and we update our list of the [10 best companies to invest in now](. Investing Events: - Thursday, July 11: June Consumer Price Index report - Friday, July 12: June Producer Price Index report, corporate earnings from JPMorgan [JPM]( Wells Fargo [WFC]( and Citigroup [C](. Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended July 5: - The Morningstar US Market Index rose 1.73%. - The best-performing sectors were technology, up 3.23%, and communication services, up 3.08%. - The worst-performing sector was energy, down 1.19%. - Yields on 10-year US Treasury notes fell to 4.28% from 4.36%. - West Texas Intermediate crude prices rose 0.3% to $83.08 per barrel. - Of the 702 US-listed companies covered by Morningstar, 273, or 38%, were up, three were unchanged, and 426, or 62%, were down. Which Stocks Are Up? Sirius XM Holdings [SIRI]( Tesla [TSLA]( ChargePoint [CHPT]( Paramount Global [PARA]( and Plug Power [PLUG](. Which Stocks Are Down? SunPower [SPWR]( Hawaiian Electric [HE]( New Fortress Energy [NFE]( Chewy [CHWY]( and Carnival [CCL](. And Don't Miss: - [Are US Large-Growth Stocks as Unstoppable as They Seem?]( - [4 Predictions for Stocks and the Economy for the Second Half of 2024]( - [5 Stocks to Buy for Q3 2024]( 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]( [Best- and Worst-Performing Stocks of Q2 2024]( [Best- and Worst-Performing Stocks of Q2 2024]( Nvidia and Alnylam Pharmaceuticals rank among the best stocks for the quarter, while the worst include Builders Firstsource and Walgreens Boots Alliance. Bella Albrecht, Lauren Solberg [Q2 In Review and Q3 2024 Market Outlook]( [Q2 In Review and Q3 2024 Market Outlook]( Our analysts put Q2′s performance trends for stock sectors, bonds, and funds into perspective—and look ahead with a fresh market outlook for the second quarter. Tom Lauricella [33 Undervalued Stocks]( [33 Undervalued Stocks]( Here’s the new list of Morningstar’s top underpriced analyst picks to buy for the third quarter of 2024. Susan Dziubinski [10 Top-Performing Dividend Stocks of Q2 2024]( [10 Top-Performing Dividend Stocks of Q2 2024]( Philip Morris International and Southern Company are among the quarter’s high-yielding winners. Bella Albrecht, Lauren Solberg [Six Sports Betting and iGaming Stocks Trading at a Discount]( [Six Sports Betting and iGaming Stocks Trading at a Discount]( The stocks have not been performing well over the past year, despite positive revenue projections. Leah Breakstone [4 Predictions for Stocks and the Economy for the Second Half of 2024]( [4 Predictions for Stocks and the Economy for the Second Half of 2024]( Strategists say stocks can keep climbing, but warn that risks to the market outlook are building. Sarah Hansen [What Broadening Rally? AI Stocks Dominate Again In Q2]( [What Broadening Rally? AI Stocks Dominate Again In Q2]( Nvidia, Apple, and other major AI players drove market performance to an even greater degree in the quarter. Bella Albrecht [Top-Performing Stock ETFs of the Quarter]( [Top-Performing Stock ETFs of the Quarter]( HCM Defender 100 Index ETF and Direxion HCM Tactical Enhanced US Equity Strategy ETF were among the best-performing ETFs in Q2 2024. Bella Albrecht, Lauren Solberg [Worst-Performing Stock ETFs of the Quarter]( [Worst-Performing Stock ETFs of the Quarter]( ARK Innovation ETF and Pacer US Small Cap Cash Cows 100 ETF were among the worst-performing ETFs in Q2 2024. Bella Albrecht, Lauren Solberg [Are US Large-Growth Stocks as Unstoppable as They Seem?]( [Are US Large-Growth Stocks as Unstoppable as They Seem?]( Be cautious when you hear, “It’s different this time.” Amy Arnott [How the Largest US Stock Funds Did In Q2 2024]( [How the Largest US Stock Funds Did In Q2 2024]( Vanguard Primecap and Vanguard Growth ETF led, while American Funds AMCAP lagged. Gabe Alpert [After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?]( Sales are down, but there is optimism that they will rise with the expansion of the sportswear market. David Swartz [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=55754) 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