A 7% Yielding Dividend Stock With 60% Upside

Plus: 8 most undervalued quality bank stocks, 3 cheap stocks to buy and hold this summer, and are Tesla and Netflix a buy or sell after earnings? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=46432&elqTrackId=8a6b528da5244036bbc16980ccdd9a2b&elq=49a00078a4c24d36a881da29bf1af5c0&elqaid=46432&elqat=1&elqCampaignId=22840) [Stock Strategist] Stock Strategist July 17, 2023 Good Morning! Here's what you need to know about stocks today. Coming Up This Week: Tuesday, July 18 - Corporate Earnings: Bank of America [BAC]( Morgan Stanley [MS]( Bank of New York Mellon [BK]( and PNC Financial Services Group [PNC](. Wednesday, July 19 - Economic Releases: June New Residential Construction report – FactSet consensus: +1.5 million to 1.6 million as of July 14, 2023. - Corporate Earnings: M&T Bank [MTB]( Goldman Sachs Group [GS]( U.S. Bancorp [USB]( International Business Machines [IBM]( Tesla [TSLA]( Zions Bancorporation [ZION]( and Netflix [NFLX](. Thursday, July 20 - Economic Releases: July Federal Reserve of Philadelphia Index – FactSet consensus: -10 to -13.7 as of July 14, 2023. - Corporate Earnings: Taiwan Semiconductor Manufacturing [TSM]( Discover Financial Services [DFS]( Truist Financial [TFC]( American Airlines Group [AAL]( Johnson & Johnson [JNJ]( Blackstone [BX]( Fifth Third Bancorp [FITB]( KeyCorp [KEY]( United Airlines Holdings [UAL]( Capital One Financial [COF]( and Kinder Morgan [KMI](. Friday, July 21 - Corporate Earnings: Comerica [CMA]( American Express [AXP]( Huntington Bancshares [HBAN]( and Regions Financial [RF](. For The Trading Week Ended July 14: - The Morningstar US Market Index rose 2.02%. - All 11 stock sectors were up for the week, with consumer cyclical and communication services as the top performers. Consumer cyclical stocks gained 2.9%, while communication services rose 2.6%. - Yields on 10-year U.S. Treasuries decreased to 3.82% from 4.05%. - West Texas Intermediate crude prices rose 2.11% to $75.42 per barrel. - Of the 848 U.S.-listed companies covered by Morningstar, 720, or 85%, were up, and 128, or 15%, were down. Which Stocks Are Up? Coinbase Global [COIN]( Roku [ROKU]( and Shopify [SHOP]( Activision Blizzard [ATVI]( Domino’s Pizza [DPZ]( Which Stocks Are Down? Progressive [PGR]( FMC [FMC,]( State Street [STT]( And Don't Miss: - [9 Top-Performing Mid-Cap Growth Stock Funds]( - [8 Most Undervalued, Quality Bank Stocks]( - [Stock Buybacks and ESG]( 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] [A 7% Yielding Dividend Stock With 60% Upside]( [A 7% Yielding Dividend Stock With 60% Upside]( The stock of this narrow-moat company with reliable cash flows is trading in 5-star range. Michael Hodel [Read More]( Share: [facebook]( [twitter]( [linkedin]( [Ahead of Earnings, Is Tesla Stock a Buy, Sell, or Fairly Valued?]( [Ahead of Earnings, Is Tesla Stock a Buy, Sell, or Fairly Valued?]( After the company delivered a record-high number of vehicles during the second quarter, here’s what we think of Tesla stock. Seth Goldstein [Going Into Earnings, is Netflix Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, is Netflix Stock a Buy, a Sell, or Fairly Valued?]( Here’s what we think of Netflix’s earnings and stock. Neil Macker [9 Top-Performing Mid-Cap Growth Stock Funds]( [9 Top-Performing Mid-Cap Growth Stock Funds]( Funds from Baron, Baird, and Virtus lead the pack. Sadhika R. Thapa [How to Know When We’re Really in a New Bull Market]( [How to Know When We’re Really in a New Bull Market]( An overly concentrated market is a sign investors are uncertain about the economy. Lauren Solberg [2 New Wide-Moat Stocks to Watch]( [2 New Wide-Moat Stocks to Watch]( Morningstar’s analysts recently began covering these high-quality stocks. Susan Dziubinski [8 Most Undervalued, Quality Bank Stocks]( [8 Most Undervalued, Quality Bank Stocks]( Big names in the banking industry like Truist, U.S. Bancorp, and Wells Fargo are trading at discounted prices. Jülide Sengil [Why U.S. Equities Have Beaten International Equities Since 2010]( [Why U.S. Equities Have Beaten International Equities Since 2010]( Plus, insights from fund managers on whether the trend will continue. Adam Sabban [3 Cheap Stocks to Buy and Hold This Summer]( [3 Cheap Stocks to Buy and Hold This Summer]( Plus, our outlook for the travel industry. David Sekera [Have Older Investors Become Too Aggressive?]( [Have Older Investors Become Too Aggressive?]( What to make of their love affair with equities. John Rekenthaler [Stock Buybacks and ESG: How Long-Term Thinking Can Separate Good Companies From Bad]( [Stock Buybacks and ESG: How Long-Term Thinking Can Separate Good Companies From Bad]( No, we don’t need to ban buybacks. The cautionary tale of Bed Bath & Beyond. Adam Fleck [Activision Blizzard: Microsoft Merger Appears Set To Close After Court Win Over FTC]( [Activision Blizzard: Microsoft Merger Appears Set To Close After Court Win Over FTC]( With deal highly likely to close, raising fair value estimate on Activision stock to $95. Neil Macker [Going Into Earnings, Is Charles Schwab Stock a Buy?]( [Going Into Earnings, Is Charles Schwab Stock a Buy?]( A key question for Schwab’s earnings: How fast are clients moving money out of its low-yielding sweep accounts? Michael Wong [Berkshire Hathaway: Cove Point Deal Fits With Focus on Energy and Utilities]( [Berkshire Hathaway: Cove Point Deal Fits With Focus on Energy and Utilities]( We see no reason to alter our fair value estimate for Berkshire Hathaway stock. Greggory Warren [Meta Platforms: An Impressive Start for Threads, but Questions Remain]( [Meta Platforms: An Impressive Start for Threads, but Questions Remain]( Amid uncertainty about retention and monetization, impact on Meta stock’s fair value likely not material. Ali Mogharabi [Dominion Energy: Berkshire Hathaway To Buy Remaining Cove Point Interest]( [Dominion Energy: Berkshire Hathaway To Buy Remaining Cove Point Interest]( While Dominion stock is undervalued, we see more attractive opportunities for utility investors. Andrew Bischof [Microsoft Prevails in FTC Trial, Paving the Way for Activision Deal to Close Soon]( [Microsoft Prevails in FTC Trial, Paving the Way for Activision Deal to Close Soon]( We maintain our fair value estimate of $325 per share and see Microsoft stock as fairly valued. Dan Romanoff [UnitedHealth: Despite Higher Medical Utilization Trends, 2023 Outlook Mildly Increases]( [UnitedHealth: Despite Higher Medical Utilization Trends, 2023 Outlook Mildly Increases]( At first glance, we do not intend to change our $462 fair value estimate for UnitedHealth stock, and its shares appear fairly valued Julie Utterback [Worst-Performing Stocks of Q2 2023]( [Worst-Performing Stocks of Q2 2023]( EVgo, Advance Auto Parts, and Dish Network were among the biggest decliners during the second quarter. Caryl Anne Francia [Best-Performing Stocks of Q2 2023]( [Best-Performing Stocks of Q2 2023]( Wayfair, Palantir, and Nvidia stocks were among the biggest gainers during the second quarter. Caryl Anne Francia [Q2 2023 in Review and Market Outlook]( [Q2 2023 in Review and Market Outlook]( Our analysts and specialists put the performance trends of stock, sectors, bonds, and funds in the second quarter of 2023 into perspective, and look ahead with a fresh market outlook. Tom Lauricella 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