3 Dividend Stocks for September 2024

Plus: Nvidia Stock Is Down 15% Since Earnings. Is It a Buy? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=57455&elqTrackId=d74da9215967425d8769c79ddd823fa5&elq=25f5444ea77f46e18fb0f718053b4f88&elqaid=57455&elqat=1&elqCampaignId=29293&elqak=8AF5A5DD0C5E5509A4B403BAFFB055F6A5CBE463B6E189A7C62A40899A529A1D6A49) [Stock Strategist] Stock Strategist September 9, 2024 Good Morning! Here's the rundown of what's happening in the stock market. It’s been tough going for the stock market lately, especially among the big-tech names that had been leading the rally until mid-July. Perhaps the most high-profile stumble has been in Nvidia. The company continues to ride the artificial intelligence wave, but apparently many in the market think it’s not booming enough. The stock is down 15% since reporting earnings, and after this steep decline, is Nvidia a buy?[Here’s what Morningstar’s Brian Colello has to say](. This past week, we rolled out our monthly screen for the [best-performing dividend stocks]( and August’s [best and worst stocks](. We also have our monthly screen for [cheap stocks that just raised dividends]( along with a list of the stocks in Morningstar’s coverage list that announced big dividend increased in August. And speaking of dividends, Morningstar DividendInvestor editor David Harrell looks at the [dividend prospects]( of two narrow-moat stocks and a wide-moat biopharma firm. Which Stocks Are Up? Uniti Group [UNIT]( Altice USA [ATUS]( Lumen Technologies [LUMN]( Smartsheet [SMAR]( Saia [SAIA]( Which Stocks Are Down? ChargePoint Holdings [CHPT]( Zscaler [ZS]( Dollar Tree [DLTR]( Groupon [GRPN]( SolarEdge Technologies [SEDG]( Investing Events: - Monday, Sept. 9: July [Consumer Credit]( earnings from Oracle [ORCL]( - Wednesday, Sept. 11: August [Consumer Price Index]( report - Thursday, Sept. 12: Initial [Unemployment Insurance Claims]( report, August [Producer Price Index]( report, earnings from Adobe [ADBE]( - Friday, Sept. 13: September [Preliminary University of Michigan Index]( of Consumer Sentiment Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended September 6: - The Morningstar US Market Index was down 4.35%. - The best-performing sectors were consumer defensive, up 0.16%, and real estate, down 0.06%. - The worst-performing sector was technology, down 6.82%. - Yields on 10-year US Treasury notes fell to 3.72% from 3.91%. - West Texas Intermediate crude prices fell 8.5% to $68.21 per barrel. - Of the 704 US-listed companies covered by Morningstar, 115, or 16%, were up, and 589, or 84%, were down. And Don't Miss: - [This Wide-Moat Stock Is Still a Buy Even After Recent Rally]( - [Best- and Worst-Performing Stocks of August 2024]( - [Warren Buffett Bought These 2 Stocks. Should You?]( - [5 Value Stock Picks from Oakmark’s Bill Nygren]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [3 Dividend Stocks for September 2024]( [3 Dividend Stocks for September 2024]( We look at the dividend prospects of two narrow-moat companies and a wide-moat biopharma firm. David Harrell [Watch Now]( Share: [facebook]( [twitter]( [linkedin]( [This Wide-Moat Stock Is Still a Buy Even After Recent Rally]( [This Wide-Moat Stock Is Still a Buy Even After Recent Rally]( Undervalued by 13%, this high-quality stock provides attractive growth potential at a reasonable price. Jay Lee [Nvidia Stock Is Down 15% Since Earnings. Is It a Buy?]( [Nvidia Stock Is Down 15% Since Earnings. Is It a Buy?]( With increased AI investment and government spending on data centers, here’s what we think of Nvidia stock. Brian Colello [Undervalued by 16%, This Dividend Stock Is a Buy for the Long Term]( [Undervalued by 16%, This Dividend Stock Is a Buy for the Long Term]( This wide-moat company is attractive today even after its recent stock price runup. Keonhee Kim [Best- and Worst-Performing Stocks of August 2024]( [Best- and Worst-Performing Stocks of August 2024]( Fortinet and Kellanova rank among the best stocks for the month, while the worst include Intel and Moderna. Bella Albrecht [10 Top-Performing Dividend Stocks of August 2024]( [10 Top-Performing Dividend Stocks of August 2024]( Altria Group and Oneok are among the month’s high-yielding winners. Bella Albrecht [2 Undervalued Stocks That Just Raised Dividends]( [2 Undervalued Stocks That Just Raised Dividends]( Plus 10 more stocks under Morningstar’s coverage with big dividend increases. Tom Lauricella [Is a Dividend Stock Comeback Around the Corner?]( [Is a Dividend Stock Comeback Around the Corner?]( After dividend stock strategies lagged the growth stock rally, lower interest rates could benefit them. Sarah Hansen [Warren Buffett Bought These 2 Stocks. Should You?]( [Warren Buffett Bought These 2 Stocks. Should You?]( These new additions to Berkshire Hathaway’s portfolio are solid companies with economic moats. But only one of the stocks is undervalued today. Susan Dziubinski [5 Value Stock Picks from Oakmark’s Bill Nygren]( [5 Value Stock Picks from Oakmark’s Bill Nygren]( Citi and Delta are among Nygren’s favored stocks. Gabe Alpert [Best AI Stocks to Buy Now]( [Best AI Stocks to Buy Now]( These stock picks stand to benefit most from developing artificial intelligence technologies. Tori Brovet [September 2024 US Market Outlook: Tailwinds Offsetting Headwinds]( [September 2024 US Market Outlook: Tailwinds Offsetting Headwinds]( Following August rebound, US stock market fully valued. David Sekera [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( With solid comparable sales growth and recent price reductions, here’s what we think of Target stock. Noah Rohr [Why We Think Amazon Stock Is Now a Buy]( [Why We Think Amazon Stock Is Now a Buy]( Amazon stock has slid since earnings, but we see its long-term positive story as intact. Dan Romanoff [After Earnings, Is Salesforce Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Salesforce Stock a Buy, a Sell, or Fairly Valued?]( With macroeconomic conditions still weighing on growth, here’s what we think of Salesforce stock. Dan Romanoff [New 4-Star Stocks]( [New 4-Star Stocks]( Koninklijke Philips and SEI Investments are among the stocks that fell into undervalued territory. Bella Albrecht [Auto Dealers: 7 Narrow-Moat Companies to Know]( [Auto Dealers: 7 Narrow-Moat Companies to Know]( A fragmented sector continues to slowly consolidate. David Whiston [Boating Season Is Over, but Don’t Overlook These Recreational Vehicle Stocks ]( [Boating Season Is Over, but Don’t Overlook These Recreational Vehicle Stocks]( Two manufacturers stand out in a beaten-down industry. Margaret Giles [10 Stocks the Best Fund Managers Have Been Selling]( [10 Stocks the Best Fund Managers Have Been Selling]( As the stock market rallies, top investors are taking profits in these names. Susan Dziubinski [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 [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 [Why These Global Asset-Allocation Experts Are Making the Case for US Equities]( [Why These Global Asset-Allocation Experts Are Making the Case for US Equities]( And which other sectors look attractive today. Jessica Bebel [Recent Company Earnings]( [Recent Company Earnings]( Discover new actionable opportunities today with our earnings coverage and analyst insights. Think Like an Analyst With Morningstar Investor Understand funds and stocks from all angles with Morningstar Investor's powerful—and proven—investment ratings and research. Find and compare securities using our comprehensive valuation and performance metrics and get our continuous, unbiased take on the long-term value of thousands of investment opportunities. Investor is your one-stop shop for making better investment decisions. [Start your free trial today](. 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