5 Growth Stock Picks From a Top Fidelity Manager

Plus: Are Adobe and UnitedHealth a buy or sell, ‘unusual’ stock rally and today’s sticky inflation, and the top 10 holdings of our Ultimate Stock-Pickers' index. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=45959&elqTrackId=29a31a0aca6e4514a44c9e6c784449b6&elq=e730740b1aea49e8b06e67e54d24d04b&elqaid=45959&elqat=1&elqCampaignId=22547) [Stock Strategist] Stock Strategist June 26, 2023 Good Morning! Here's what you need to know about stocks today. Coming Up This Week: - Monday: Carnival [CCL]( reports earnings. - Tuesday: Walgreens Boots Alliance [WBA]( reports earnings. - Wednesday: General Mills [GIS]( and Micron Technology [MU]( report earnings. - Thursday: McCormick & Co. [MKC]( [MSC](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=45959&elqTrackId=eeac37bff71847b9bd6733d3b8f999c0&elq=e730740b1aea49e8b06e67e54d24d04b&elqaid=45959&elqat=1&elqCampaignId=22547) Industrial Direct [MSM](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=45959&elqTrackId=e5ce1d67b7c6422faf98370e95cf30b0&elq=e730740b1aea49e8b06e67e54d24d04b&elqaid=45959&elqat=1&elqCampaignId=22547), and Nike [NKE]( report earnings. - Friday: Constellation Brands [STZ]( reports earnings. For The Trading Week Ended June 23: - Yields on 10-year U.S. Treasuries decreased to 3.74% from 3.78%. - West Texas Intermediate crude prices fell 3.65% to $69.16 per barrel. - Of the 850 U.S.-listed companies covered by Morningstar, 141, or 17%, were up, and 707, or 83%, were down. Which Stocks Are Up? Ocado Group [OCDO]( CarMax [KMX]( Sonic Automotive [SAH]( and Dollar Tree [DLTR]( Which Stocks Are Down? GDS Holdings [GDS]( Squarespace [SQSP]( and Intel [INTC]( And Don't Miss: - 10 Best Dividend Stocks]( - [The Best Wide-Moat Growth Stock You’ve Never Heard Of]( - [Midyear Market News: ‘Unusual’ Stock Rally and Today’s Sticky Inflation]( Looking for more? Check out our weekly [Markets Brief](. Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [5 Growth Stock Picks From a Top Fidelity Manager]( [5 Growth Stock Picks From a Top Fidelity Manager]( Fidelity Blue Chip Growth manager Sonu Kalra highlights some favorite names, including Nvidia, Snap, and Eli Lilly. Tom Lauricella [Read More]( Share: [facebook]( [twitter]( [linkedin]( [The Best Wide-Moat Growth Stock You’ve Never Heard Of]( [The Best Wide-Moat Growth Stock You’ve Never Heard Of]( The stock of this niche software leader is undervalued. Dan Romanoff [Markets Brief: The 'Magnificent Seven' Stocks Have Driven the Rally, but Are They Too Expensive Now?]( [Markets Brief: The 'Magnificent Seven' Stocks Have Driven the Rally, but Are They Too Expensive Now?]( The nascent bull market could run out of steam unless gains broaden beyond stocks like Nvidia and Meta. Caryl Anne Francia [Consumer Sentiment Is Low—That’s a Good Sign for Stocks]( [Consumer Sentiment Is Low—That’s a Good Sign for Stocks]( When the public is gloomy, equities usually thrive. John Rekenthaler [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [The Funds With the Biggest Nvidia Stakes]( [The Funds With the Biggest Nvidia Stakes]( Funds from Baron, Fidelity, and Invesco are among those with the largest positions as Nvidia stock has surged 190% this year. [4 Growth Stocks Trading at Reasonable Prices for Long-Term Investors]( [4 Growth Stocks Trading at Reasonable Prices for Long-Term Investors]( These wide- and narrow-moat life sciences stocks look undervalued. Susan Dziubinski [Unhidden Gems]( [Unhidden Gems]( When it comes to stock funds, bigger can be better. Russel Kinnel [Structured Products and Tesla: A Match Made Somewhere Other Than Heaven]( [Structured Products and Tesla: A Match Made Somewhere Other Than Heaven]( Structured products are designed to eliminate downside risk, but are they really working for Tesla investors? Madeline Hume [Top 10 Holdings of Our Ultimate Stock-Pickers’ Index]( [Top 10 Holdings of Our Ultimate Stock-Pickers’ Index]( Actively managed U.S. large-cap funds continued to lag in 2022. Ari Felhandler, Eric Compton [Midyear Market News: ‘Unusual’ Stock Rally and Today’s Sticky Inflation ]( [Midyear Market News: ‘Unusual’ Stock Rally and Today’s Sticky Inflation]( Also, how bonds have rebounded from history’s worst market, and what to watch for in the second half of the year. Morningstar [3M’s Stock Is a Value Trap, as PFAS Settlement Doesn’t End the Risks to Shareholders]( [3M’s Stock Is a Value Trap, as PFAS Settlement Doesn’t End the Risks to Shareholders]( Lowering fair value estimate on 3M stock to $121; dividend safe for now, but may be in danger down the road. Joshua Aguilar [Is Adobe Stock a Buy, Sell, or Fairly Valued After Earnings?]( [Is Adobe Stock a Buy, Sell, or Fairly Valued After Earnings?]( With strong revenue and margins, here’s what we think of Adobe stock.. Dan Romanoff [Is UnitedHealth Stock a Buy, Sell, or Fairly Valued After Earnings?]( [Is UnitedHealth Stock a Buy, Sell, or Fairly Valued After Earnings?]( Here’s what we think of UnitedHealth stock as surging demand for healthcare could strain near-term margins. Julie Utterback [Is Oracle Stock a Buy, Sell, or Fairly Valued After Earnings?]( [Is Oracle Stock a Buy, Sell, or Fairly Valued After Earnings?]( Following an 80% rally and strong earnings, here’s what we think of Oracle stock. [Palantir Stock Trading At Exuberant Valuation Amid AI Excitement]( [Palantir Stock Trading At Exuberant Valuation Amid AI Excitement]( While we see robust growth, investors should tread cautiously with Palantir stock at current levels. [A Rallying Dividend-Growth Stock With 20% More Upside]( [A Rallying Dividend-Growth Stock With 20% More Upside]( This quality company just raised its dividend—and we think its shares have more room to run. Michael Miller [The Risks and Rewards of Investing in the Clean Energy Transition]( [The Risks and Rewards of Investing in the Clean Energy Transition]( Plus, our picks from the utilities, energy, and basic materials sectors. Travis Miller Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. 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](. © 2023 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602