The 10 Best Dividend Stocks

Plus: The Best Healthcare Stocks to Buy, Newly Undervalued Stocks, and After Earnings, and Is Berkshire Hathaway Stock a Buy? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=56682&elqTrackId=73509a46be554d13aca36f2f4b42fb98&elq=50dd294d50e34be8973e5fd5a3c51245&elqaid=56682&elqat=1&elqCampaignId=28895&elqak=8AF5FF50B4920510969D2AEB6BBA14801CAEF2EA71479498D40ED3F772014AB377A3) [Stock Strategist] Stock Strategist August 12, 2024 Good Morning! Let's dive into today's market highlights. Since mid-July, the stock market’s pullback has a bright side for investors with cash sitting on the sidelines: [more attractive valuations, including some of the market’s best-known names](. First, this week, we look at the retreat in the Magnificent Seven stocks. While early this summer, valuations were generally on the rich side, Morningstar director of equity research Eric Compton says they’re now looking “more interesting.” In fact, [as we explain]( two of the biggest stocks in the market are now undervalued according to Morningstar analysts. But more broadly, in the span of a week, literally dozens of stocks have been knocked into undervalued territory, 46 to be exact. Not only that, but [10 stocks dropped to “significantly undervalued” territory and now carry 5-star ratings](. Lastly, in a week when defensive stocks proved their worth, we revisited our list of the [10 best dividend stocks](. Which Stocks Are Up? Lumen Technologies [LUMN]( Fortinet [FTNT]( Under Armour [UA]( Palantir Technologies [PLTR]( ICU Medical [ICUI]( Which Stocks Are Down? SunPower Corporation [SPWR]( RealReal [REAL]( Fastly [FSLY]( LiveRamp Holdings [RAMP]( New Fortress Energy [NFE]( Investing Events: - Tuesday, August 13: July [Producer Price Index]( report, earnings from Home Depot [HD]( . - Wednesday, August 14: July [Consumer Price Index]( report. - Thursday, August 15: July [Retail Sales]( earnings from Alibaba Group Holding [BABA]( Walmart [WMT](. Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended August 9: - The Morningstar US Market Index stayed the same. - The best-performing sectors were energy, up 1.05%, and communication services, up 0.63%. - The worst-performing sector was basic materials, down 1.39%. - Yields on 10-year US Treasury notes rose to 3.94% from 3.80%. - West Texas Intermediate crude prices rose 4.73% to $77 per barrel. - Of the 701 US-listed companies covered by Morningstar, 293, or 42%, were up, 3 were unchanged, and 405, or 58%, were down. And Don't Miss: - [Where to Invest During the Stock Market Rotation]( - [Now’s the Time to Diversify Beyond the ‘Magnificent Seven’ Stocks]( - [After Earnings, Is Berkshire Hathaway Stock a Buy?]( - [A Great Company That’s a Turtle, Not a Hare]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [Get Picks]( Share: [facebook]( [twitter]( [linkedin]( [Now’s the Time to Diversify Beyond the ‘Magnificent Seven’ Stocks]( [Now’s the Time to Diversify Beyond the ‘Magnificent Seven’ Stocks]( And does the Federal Reserve really need to make an emergency rate cut? Bryan Armour, Ivanna Hampton, Sarah Hansen, Preston Caldwell [Where to Invest During the Stock Market Rotation]( [Where to Invest During the Stock Market Rotation]( Strategists point to utilities, industrials, and energy, but the jury is out on small caps. Sarah Hansen [Dozens of Stocks Are Newly Undervalued After Market Selloff]( [Dozens of Stocks Are Newly Undervalued After Market Selloff]( Amazon and Micron are among the stocks that fell into 4-star territory, while British American Tobacco and Diageo are rated 5 stars. Bella Albrecht [Magnificent Seven Stocks Slide, Valuations Looking ‘More Interesting’]( [Magnificent Seven Stocks Slide, Valuations Looking ‘More Interesting’]( Two of the mega-cap stocks that led the market higher are undervalued. Bella Albrecht [A Great Company That’s a Turtle, Not a Hare]( [A Great Company That’s a Turtle, Not a Hare]( Warren Buffett’s sweetest investment demonstrates how stocks need not be growth companies to create fortunes. John Rekenthaler [After Earnings, Is Berkshire Hathaway Stock a Buy?]( [After Earnings, Is Berkshire Hathaway Stock a Buy?]( With the firm’s cash balance reaching a record high, here’s what we think of Berkshire stock. Greggory Warren [After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( With strong expectations for iPhone growth, here’s what we think of Apple stock. William Kerwin [After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?]( With an increase in fair value estimate and demand for ad inventory, here’s what we think of Meta stock. Michael Hodel [After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?]( With Azure growth guided to accelerate and a pullback in share price, here’s what we think of Microsoft stock. Dan Romanoff [After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?]( With retail trading still volatile and strong growth in subscriptions and services, here’s what we think of Coinbase stock. Michael Miller [After Earnings and a Big Selloff, Is Moderna Stock a Buy?]( [After Earnings and a Big Selloff, Is Moderna Stock a Buy?]( The company faces high competition in the covid and RSV vaccine markets, leading to lower product sales forecasts. Karen Andersen [After Earnings and a Selloff, Is Amazon Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings and a Selloff, Is Amazon Stock a Buy, a Sell, or Fairly Valued?]( With AWS returning to growth mode and a strong position to meet AI demand, here’s what we think of Amazon stock. Dan Romanoff [Is Intel Stock a Buy After Earnings?]( [Is Intel Stock a Buy After Earnings?]( Poor results prompt concerns about competition. Brian Colello [Is Arm Stock a Buy After Earnings?]( [Is Arm Stock a Buy After Earnings?]( The semiconductor and software design company’s new computer architecture is its main growth driver. Javier Correonero [Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( With volatile consumer behavior and details on SRS acquisition integration, here’s what we think of Home Depot stock. Taylor Wilson [The AI Revolution Is Ready to Power Up. It Just Needs Electricity]( [The AI Revolution Is Ready to Power Up. It Just Needs Electricity]( Our top US utilities picks in key regions for AI data center growth. Travis Miller, Andrew Bischof [5 Stocks to Buy to Invest in AI With Less Risk]( [5 Stocks to Buy to Invest in AI With Less Risk]( Plus, fair value increases on some popular stocks. David Sekera, Susan Dziubinski, Brian Colello, Travis Miller [What a ‘Stock-Picker’s Market’ Really Means]( [What a ‘Stock-Picker’s Market’ Really Means]( And the challenges it presents for active managers. Amy Arnott [What Caused the Stock Market Selloff?]( [What Caused the Stock Market Selloff?]( Investors worry that a recession is back on the table. Sarah Hansen [The Best Healthcare Stocks to Buy]( [The Best Healthcare Stocks to Buy]( These 10 undervalued healthcare stocks offer investors attractive entry points into a defensive sector. Tori Brovet [Recent Company Earnings]( [Recent Company Earnings]( Discover new actionable opportunities today with our earnings coverage and analyst insights. 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=56682) 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