7 Cheap Stocks to Play the Electric Vehicle Boom

Plus: Recession risks to your portfolio, why Larry Summers is cautious about the market, and 2 undervalued wide-moat stocks. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=44497&elqTrackId=cee5ed0f4c1a40ba8e85b7458ab8c0c3&elq=5c19adcf67df4a3faefe5d7ad257a684&elqaid=44497&elqat=1&elqCampaignId=21578) [Smart Investor] Smart Investor [Tom Lauricella, chief markets editor]( Connect with Tom on [LinkedIn]( [Tom Lauricella] In this newsletter: - [7 Cheap EV Supply Chain Stocks]( - [Is a Recession a Risk to Your Portfolio?]( - [Summers at MIC: ‘Be Careful’ in the Stock Market]( - [2 Undervalued Stocks From the Morningstar Wide Moat Focus Index]( - [Is AT&T Stock a Buy After Earnings?]( - [10th Straight Fed Rate Hike on Tap]( Ah, Chicago in April. Will it be 80 degrees? Will it snow? Both? This year it was also time for the annual Morningstar Investment Conference ([next year it’ll be in June!]( and as has been the case since I was attending as a reporter, I left with a ton of ideas and insights. A big highlight for me was our conversation with former Treasury Secretary Larry Summer. Summers, as always, didn’t pull any punches. When it came to the outlook for the U.S. economy, inflation, and the stock market, Summers had some [words of caution for investors](. (For another 30,000-foot view, we also [heard from valuation expert]( Aswath Damodaran from New York University.) In fact, if I had to pick one hot topic at this year’s Morningstar Investment Conference, it was “recession.” Will we have a recession? How bad will it be? Is the stock market ready for it? For a recap of what some of the country’s best fund managers, top strategists, and other experts had to say about the outlook, [check out the chat I had]( with Morningstar’s veteran fund researcher Russ Kinnel and our video host, Ivanna Hampton. Ahead of the conference, Hampton checked in with Morningstar equity analyst Seth Goldstein about investing in the red-hot electric vehicle space. In this great conversation, you’ll see it is way more than just buying Tesla stock. [Goldstein outlines seven stocks to play in the EV]( supply chain that is critical to this industry’s growth. Elsewhere at the conference, we took a deep dive into the market-beating performance of the Morningstar Wide Moat Focus Index and highlighted [two undervalued stocks]( from companies with durable competitive advantages. If you want to check out the entire conference lineup (and get your calendar ready for next year), you can [find our full recap here](. Outside the walls of the conference, earnings season proceeded full speed ahead. We take a closer look at two companies that have reported earnings recently and ask if they are a buy, a sell, or fairly valued. Here’s the Morningstar take on [AT&T]( and [Netflix](. You can find our [in-depth earnings previews and post-earnings coverage here](. And as always, for all our coverage of market and investing trends, check out the [Markets]( page on Morningstar.com. Even as earnings season rolls on, we’ve got some big items on the calendar for the coming week, such as the April jobs report due out Friday. But before we to the employment report, Wednesday will bring the Federal Reserve’s latest decision on interest rates. [Sandy Ward gives us the lowdown]( on what to expect from this critical meeting. [Is a Recession a Risk to Your Portfolio]( [Is a Recession a Risk to Your Portfolio]( Plus, two Morningstar specialists share key takeaways from Larry Summers, Aswath Damodaran, and Liz Ann Sonders. Morningstar [Watch Now]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] Markets and the Economy [7 Cheap EV Supply Chain Stocks]( [7 Cheap EV Supply Chain Stocks]( Plus, what’s being done to help ease the transition from gas-powered cars to electric vehicles. Seth Goldstein [10th Straight Fed Rate Hike on Tap]( [10th Straight Fed Rate Hike on Tap]( But whether the Fed pauses, or even cuts rates this year, is very much up for debate. Sandy Ward, Jakir Hossain [Summers at MIC: ‘Be Careful’ in the Stock Market]( [Summers at MIC: ‘Be Careful’ in the Stock Market]( Former Treasury secretary warns that reaching 2% inflation will likely take a recession. Sandy Ward [Is Netflix Stock a Buy, a Sell, or Fairly Valued After Earnings?]( [Is Netflix Stock a Buy, a Sell, or Fairly Valued After Earnings?]( Netflix looks to expand its original content marketing to get ahead of competitors. Neil Macker [Is AT&T Stock a Buy After Earnings?]( [Is AT&T Stock a Buy After Earnings?]( AT&T’s 5G investing has us optimistic for the long-term growth of the company. Michael Hodel [3 Growth Stocks for Aggressive Investors to Buy and Hold]( [3 Growth Stocks for Aggressive Investors to Buy and Hold]( These undervalued smaller growth stocks hold promise over the long term. Susan Dziubinski [2 Undervalued Stocks From the Morningstar Wide Moat Focus Index]( [2 Undervalued Stocks From the Morningstar Wide Moat Focus Index]( Etsy, Salesforce have long-term competitive advantages, and their stocks are attractive. Lauren Solberg [More Lessons From the Do Nothing Portfolio]( [More Lessons From the Do Nothing Portfolio]( Success also comes to those who stand and wait. John Rekenthaler [What Fund Investors Did With Their Money in the First Quarter]( [What Fund Investors Did With Their Money in the First Quarter]( Safety and yield dominated fund flows as investors pulled back from U.S. stock funds. Katherine Lynch [This Tech Stock Is a Buy Even After 60% Rally]( [This Tech Stock Is a Buy Even After 60% Rally]( The stock price of this high-quality company still looks cheap today. Abhinav Davuluri Chart of the Week [The Most Persistent U.S. Equity Funds]( [The Most Persistent U.S. Equity Funds]( Growth funds offer the greatest opportunity. John Rekenthaler [Read More]( Share: [facebook]( [twitter]( [linkedin]( Earnings [Meta: Reels Monetization Becoming a Reality While Network Effect Remains Intact]( [Spotify: Listeners Keep Flocking to Spotify, Which May Spark Monetization Improvement]( [Coca-Cola: Strong Results and Well-Positioned to Continue Driving Sales and Profit Growth]( [Microsoft: All-Around Strength, Including Azure, Demonstrates Resiliency]( [Boeing: Higher Aircraft Delivery Forecasts Lead Our Fair Value Estimate Higher]( [Alphabet: Search Ad Revenue Growth, Continuing Strength in Cloud Impress]( [First Republic: Our Worries Come True as First Republic Likely No Longer Profitable]( [GM: Guidance Increase and Strong Demand Do Not Indicate an Automotive Recession]( [UPS: Q4 Package Margins Disappoint; Management Tempers Guidance]( [Mastercard: Resilience in the Face of Macro Uncertainty]( [Visa: Volume Growth Picks Up Despite Toughening Economic Backdrop]( [ServiceNow: Continuing to Defy Gravity With Upside and Strength to Spare]( [Amazon: E-Commerce and Advertising Drive Good Quarter While AWS Decelerates Further]( [AbbVie: Solid Drug Sales Help Mitigate Humira Biosimilar, but Increased Pressure Expected]( [Eli Lilly: Solid Results and Strong Mounjaro Data Set Up Robust Long-Term Growth Potential]( [Snap: Impressive User Growth Continues, but Monetization Remains Elusive]( [Sirius XM: Soft Pipeline Hurts Net Adds but Pandora Ad Revenue Better Than Expected]( Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. 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