2 Dividend Aristocrats to Buy Before 2024

Plus: A high-quality stock that’s more than 30% undervalued, 33 undervalued stocks, and is Apple stock a buy? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=49170&elqTrackId=50cab22e07ea43a8b22ea54f703fd8d4&elq=c2d80d720e0c4557872c14c8eff0dbf5&elqaid=49170&elqat=1&elqCampaignId=24492) [Stock Strategist] Stock Strategist October 30, 2023 Good Morning! Here's what you need to know about stocks today. Economic Releases Scheduled for the Coming Week - Tuesday, Oct. 31 - October [Chicago PMI]( 45.2 vs. 44.1 in September - Wednesday, Nov. 1 - October [ADP Employment Survey]( 135K vs. 89K - September [Construction Spending]( +0.4% vs. +0.5% in August - October ISM Manufacturing PMI: 49.0 vs. 49.0 in September - September [JOLTS Job Openings]( - U.S. Treasury Quarterly Refunding Announcement - FOMC Decision on Interest Rates - Thursday, Nov. 2 - Initial Unemployment Insurance Claims [report]( for the Week Ended Oct. 28 (seasonally adjusted): 212K vs. 210K - Friday, Nov. 3 - October Nonfarm Payrolls: 160K vs. 336K in September - October Unemployment Rate: 3.8% vs. 3.8% - October Average Hourly Earnings: +0.3% vs. 0.2% All consensus estimates are sourced from FactSet. Investor Relations Weekly Calendar: Highlighted Corporate Earnings and More - Monday Oct. 30 - Corporate Earnings: SoFi Technologies [SOFI]( - Tuesday, Oct. 31 - Corporate Earnings: Sirius XM [SIRI]( - Wednesday, Nov. 1 - Corporate Earnings: Pfizer [PFE]( CVS Health [CVS]( - Thursday, Nov. 2 - Corporate Earnings: Palantir Technologies [PLTR]( Paramount Global [PARA]( Albemarle [ALB]( Eli Lilly [LLY]( Marathon Oil [MRO]( Apple [AAPL]( For The Trading Week Ended October 27: - The Morningstar US Market Index fell 2.57%. - The best-performing sectors were utilities, up 1%, and consumer defensive, down 0.90%. - The worst-performing sector was energy, down 5.84%. - Yields on 10-year U.S. Treasury notes fell to 4.83% from 4.92%. - West Texas Intermediate crude prices fell 3.62% to $85.54 per barrel. - Of the 852 U.S.-listed companies covered by Morningstar, 206, or 24%, were up, and 646, or 76%, were down. Which Stocks Are Up? Willis Towers Watson [WTW]( Capital One [COF]( and Gap [GPS](. Which Stocks Are Down? TransUnion [TRU]( SunPower [SPWR]( and Hasbro [HAS](. And Don't Miss: - [5 High-Quality Growth Stock Picks From Loomis Sayles Growth Fund]( - [Going Into Earnings, Is Apple Stock a Buy, Sell, or Fairly Valued?]( - [Do Equities Improve With Age?]( 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 High-Quality Stock to Buy That’s More Than 30% Undervalued]( [A High-Quality Stock to Buy That’s More Than 30% Undervalued]( This wide-moat stock is a top choice for patient buy-and-hold investors. Eric Compton [Read More]( Share: [facebook]( [twitter]( [linkedin]( [2 Dividend Aristocrats to Buy Before 2024]( [2 Dividend Aristocrats to Buy Before 2024]( These cheap dividend stocks are trading at rare, significant discounts to our fair value estimates. Susan Dziubinski [What’s Going On With the Magnificent Seven?]( [What’s Going On With the Magnificent Seven?]( The market’s biggest names haven’t escaped the sting of rising rates. Sarah Hansen [4 Energy Stocks Left Behind in the Big Rally]( [4 Energy Stocks Left Behind in the Big Rally]( These stocks more than doubled over the past three years, but Morningstar analysts see a few names with room to run. Sarah Hansen [5 High-Quality Growth Stock Picks From Loomis Sayles Growth Fund]( [5 High-Quality Growth Stock Picks From Loomis Sayles Growth Fund]( The manager of this top-performing fund highlights some of his favorite holdings. Tom Lauricella [After Earnings, Is Verizon Stock a Buy, Sell, or Fairly Valued?]( [After Earnings, Is Verizon Stock a Buy, Sell, or Fairly Valued?]( With an improved outlook for cash flow, the dividend is looking attractive. Michael Hodel [Going Into Earnings, Is Apple Stock a Buy, Sell, or Fairly Valued?]( [Going Into Earnings, Is Apple Stock a Buy, Sell, or Fairly Valued?]( IPhone sales, artificial intelligence advancement, and services will be key areas to watch in Apple’s earnings report. Brian Colello [Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( With lithium pricing uncertain, here’s what we think of Albemarle stock. Seth Goldstein [After Earnings, Is Charles Schwab Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Charles Schwab Stock a Buy, a Sell, or Fairly Valued?]( With cash sorting among clients decreasing, here’s what we think of Schwab’s stock. Michael Wong [After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( With the crackdown on password sharing and high levels of subscriber additions, here’s what we think of Netflix’s stock. Matthew Dolgin [After Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?]( With price cuts and a worse-than-expected profit margin decline, here’s what we think of Tesla stock. Seth Goldstein [Are Labor Unions Bad for Business?]( [Are Labor Unions Bad for Business?]( Making the case for General Motors stock despite near-term UAW challenges. Adam Fleck [The 10 Best International Stocks to Buy]( [The 10 Best International Stocks to Buy]( The undervalued stocks of these wide- and narrow-moat companies look attractive today. Susan Dziubinski [4 Undervalued Large-Cap Stocks to Buy After Earnings]( [4 Undervalued Large-Cap Stocks to Buy After Earnings]( Plus, earnings to watch for from the tech titans. David Sekera, Susan Dziubinski [5 Semiconductor Stocks That Still Have Room to Rally]( [5 Semiconductor Stocks That Still Have Room to Rally]( Fueled by the artificial intelligence boom, many semiconductor stocks have staged a monster rally in 2023, driving valuations higher. Jülide Sengil [Do Equities Improve With Age?]( [Do Equities Improve With Age?]( Revisiting a 60-year-old argument. John Rekenthaler [33 Undervalued Stocks]( [33 Undervalued Stocks]( Morningstar’s top underpriced analyst picks for Q4 2023. Susan Dziubinski 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! 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