Plus: Undervalued video game stocks, is the bond market recession indicator broken, best dividend stocks.
[Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=47383&elqTrackId=4062b48eb7134b78886e2252f023ffdb&elq=e245b128398f46e786aa4fb35ed5f800&elqaid=47383&elqat=1&elqCampaignId=23372) [Smart Investor] Smart Investor [Tom Lauricella, chief markets editor](
Connect with Tom on [LinkedIn]( [Tom Lauricella] In this newsletter: - Big IPOs to Watch](
- [Markets Brief: Is the Bond Marketâs Recession Indicator Broken?](
- [4 Undervalued Video Game Stocks](
- [Top-Performing Bank-Loan Funds](
- [The 10 Best Dividend Stocks]( That noise you heard this week was a drumbeat of negative news for stocks. Rumbles about economic worries in China and rising bond yields meant the Morningstar US Market Index gave back more than 2%. But considering how far and how fast weâve come this year â and especially compared to where many investors thought we would be â itâs nothing to lose sleep about. Indeed, one of the biggest surprises this year has been the strength of the economy. And thatâs meant one of Wall Streetâs favorite recession indicators â known in Wall Street parlance as an inverted yield curve â has so far turned out to be off base. But as Yogi Berra astutely noted, it ainât over till itâs over. This week I spoke to a number of [bond market veterans who explain why the yield curve indicator could still prove to be right](. With the bounce in the stock market have come expectations that weâll be seeing a revival of the IPO market, which went dormant during the bear market. Already this year weâve seen strong performance by newly minted stocks such as [Cava]( and [Oddity Tech](. Looking ahead, we teamed up with our colleagues at Pitchbook, who [identified 20 of the biggest and most intriguing names]( that could be coming to market. (And while itâs still summer, we can also look ahead to the [possible IPO of iconic sandal-maker, Birkenstock]( If IPOs arenât your style, how about tried and true dividend stocks. Susan Dziubinski walks through a screen of the 10 best dividend stocks to buy, which includes [Pfizer]( [Giliead]( and [Dow](. With variety being the spice of life, we also screened for video game stocks this past week, coming up with [four undervalued names](. And on the mutual fund side of the fence, weâve got the [top-performing bank loan funds]( perfect for those still worried about rising interest rates. As always, be sure to keep an eye on our [weekly markets calendar]( for key events coming up this week, as well as the [Markets page]( on Morningstar.com for all our market-related coverage. Did a friend forward this email? [Sign up here](. [20 Big IPOs to Watch]( [20 Big IPOs to Watch]( Stripe, Databricks, and Instacart are among the firms expected to revive the lackluster IPO market. Caryl Anne Francia [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] Markets and the Economy [Whatâs Happening In the Markets This Week]( [Whatâs Happening In the Markets This Week]( Powell at Jackson Hole, PMI data, and earnings from Nvidia, Macyâs, and Marvell Technology. Caryl Anne Francia [5 Top-Performing Bank-Loan Funds]( [5 Top-Performing Bank-Loan Funds]( Funds from T. Rowe Price, Fidelity, and Eaton Vance are among those with the best track records. Sadhika Thapa [4 Stocks to Buy After Earnings]( [4 Stocks to Buy After Earnings]( Plus, our takeaways from earnings season so far. David Sekera, Susan Dziubinski [After Earnings, Is Uber Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Uber Stock a Buy, a Sell, or Fairly Valued?]( As the company reported operating profit for the first time and revenue growth continues, hereâs what we think of Uberâs earnings and stock. Ali Mogharabi [After Earnings and a Big Rally, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings and a Big Rally, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( Despite Eli Lillyâs innovative product launches, the market is overly optimistic about its stock. Damien Conover [After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( With strong billings and healthy customer growth, hereâs what we think of Palantir stock. Malik Ahmed Khan [After Earnings, Is Disney Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Disney Stock a Buy, Sell, or Fairly Valued?]( Losses shrank, but subscriber growth will be important going forward. Neil Macker [After Nvidia Stockâs Huge Rally, 6 Key Things to Watch in Q2 Earnings]( [After Nvidia Stockâs Huge Rally, 6 Key Things to Watch in Q2 Earnings]( All eyes are on Nvidiaâs data center business and artificial intelligence. Brian Colello [Birkenstock IPO: Will Investors Find the Price Uncomfortable?]( [Birkenstock IPO: Will Investors Find the Price Uncomfortable?]( The iconic German footwear company is expected to go public in September. Antje Schiffler [How Inflation Befuddled Everyone]( [How Inflation Befuddled Everyone]( Economic predictions would be greatly usefulâif they were consistently correct. John Rekenthaler [Bill Nygren: The State of Value Investing Today]( [Bill Nygren: The State of Value Investing Today]( The Oakmark fund manager on the limits of macro, why financials look cheap, indexingâs pitfalls, and more. Christine Benz, Jeff Ptak [The 5 Biggest Mutual Fund Rating Upgrades of 2023]( [The 5 Biggest Mutual Fund Rating Upgrades of 2023]( These fundsâ fundamentals are on the rise. Russel Kinnel [Why Are Climate Funds In the Dumps?]( [Why Are Climate Funds In the Dumps?]( As the biggest climate law in U.S. history turns one year old, solar and renewable energy stocks face new hurdles. Leslie Norton [Warren Buffettâs Berkshire Hathaway Bought U.S. Housing Stocks. Should You?]( [Warren Buffettâs Berkshire Hathaway Bought U.S. Housing Stocks. Should You?]( Hereâs our forecast for the housing market and our take on housing stocks. Susan Dziubinski [2 of the Most Undervalued Stocks for the Long Term]( [2 of the Most Undervalued Stocks for the Long Term]( These companies have carved out economic moats yet their stocks are trading well below our fair value estimates. Susan Dziubinski [4 Undervalued Video Game Stocks]( [4 Undervalued Video Game Stocks]( These stocks are trading at discounted prices after a slump last year. Jülide Sengil Chart of the Week [3 Asset Classes That Still Hold Opportunities for Long-Term Investors]( [3 Asset Classes That Still Hold Opportunities for Long-Term Investors]( Morningstar Wealth experts say you havenât missed out entirely on the market rally. Tyler Dann [Read More]( Share: [facebook]( [twitter]( [linkedin]( Recent Earnings [Cisco: Demand Coming Down to Earth but Still Healthy, in Our View]( [Target: Margins Improve, but Sales Suffer From Discretionary Declines]( [Walmart: Low Prices Resonate With Consumers as the Retailer Posts Strong Top-Line Growth]( [CVS: Loses Blue Shield of California Contract, Signaling a Potential Industry Shift]( [Home Depot: Lingering Macro Concerns Pressure Big Tickets, but Brand Cachet Intact]( [Hawaiian Electric: Company Seeks Restructuring Advice, Uncertainty Up to Extreme]( [Sea: Continued Struggles With Profitability Amid Slow Growth]( [Berkshire Hathaway: Stock Sales Once Again Outpaced Purchases]( Listen Now
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