More Than 20% Undervalued, This Cheap Stock With a 4% Dividend Yield Is a Buy

Plus: 8 undervalued stocks that just increased their dividends, 5 charts on the current market, and are Apple, Disney, Eli Lilly, Palantir, AMD, Ford, and Albemarle buys after earnings? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=49583&elqTrackId=3f0961c573a3474ea76633794b4b52e9&elq=68bb667c4f3a4096a2ed8a3166a8a871&elqaid=49583&elqat=1&elqCampaignId=24738) [Stock Strategist] Stock Strategist November 13, 2023 Good Morning! Here's the rundown on what's happening in the stock market. Stocks have bounced back over the last two weeks on hopes that the Fed is done raising rates. That theory will be put to the test with Tuesday's CPI report. A hot inflation reading could put a rate hike back on the table and rattle the market. As we discuss in this week’s [Markets Brief]( this could mean the difference between many bond funds suffering an unprecedented third year of losses or creeping into positive territory for 2023. Also this week, investors will get a read on the health of the consumer with earnings from Home Depot, Target, Walmart, and other retailers. Economic Releases Scheduled for the Coming Week - Tuesday, Nov. 14 - Oct. [CPI]( month to month: +0.1% vs. +0.4% in Sept. - Oct. Core CPI month to month: +0.3% vs. +0.3% in Sept. - Oct. CPI year over year: +3.3% vs. +3.7% in Sept. - Oct. Core CPI year over year: +4.1% vs. +4.1% in Sept. - Wednesday, Nov. 15 - Oct. [PPI]( month to month: +0.1% vs. +0.5% in Sept. - Oct. PPI year over year: +1.9% vs. +2.2% in Sept. - Oct. Retail Sales: -0.4% vs. +0.7% in Sept. - Thursday, Nov. 16 - Initial Unemployment Insurance Claims [report]( for the week ended Nov. 11: 225K vs. 217K the week of Nov 4 - Nov. [Philadelphia Fed Index]( -9.0 vs. -9.0 in Oct. - Oct. [Capacity Utilization]( 79.4% vs. 79.7% in Sept. - Oct. [Industrial Production]( -0.4% vs. +0.3% in Sept. - Friday, Nov 17 - Oct. [Housing Starts]( 1,338K vs. 1,358K in Sept. All consensus estimates are sourced from FactSet. Investor Relations Weekly Calendar: Highlighted Corporate Earnings and More - Tuesday, Nov. 14 - Corporate Earnings: Home Depot [HD]( - Wednesday, Nov. 15 - Corporate Earnings: Target [TGT]( Cisco [CSCO]( - Thursday, Nov. 16 - Corporate Earnings: Alibaba[BABA]( Macy’s [M]( Walmart [WMT]( For The Trading Week Ended November 10: - The worst-performing sector was energy, up 2.42%. - Yields on 10-year U.S. Treasury notes rose to 4.61% from 4.52%. - West Texas Intermediate crude prices fell 4.15% to $77.17 per barrel. - Of the 849 U.S.-listed companies covered by Morningstar, 328, or 39%, were up, and 521, or 61%, were down. Which Stocks Are Up? The RealReal [REAL]( Datadog [DDOG]( and TripAdvisor [TRIP](. Which Stocks Are Down? Plug Power [PLUG]( Groupon, [GRPN]( and DISH Network [DISH](. And Don't Miss: - [8 Undervalued Stocks That Just Increased Their Dividends]( - [5 Ultracheap Stocks Undervalued by More Than 50% to Buy]( - [After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [More Than 20% Undervalued, This Cheap Stock With a 4% Dividend Yield Is a Buy]( [More Than 20% Undervalued, This Cheap Stock With a 4% Dividend Yield Is a Buy]( We think this company has some of the best long-term growth prospects in its sector. Travis Miller [Read More]( Share: [facebook]( [twitter]( [linkedin]( [8 Undervalued Stocks That Just Increased Their Dividends]( [8 Undervalued Stocks That Just Increased Their Dividends]( McDonald’s, Sirius XM, and Microchip Technology are among the stocks with higher payouts. Tom Lauricella [5 Charts on the Current Market]( [5 Charts on the Current Market]( What to know about global uncertainties, market corrections, and the opportunity cost of sitting in cash. Danny Noonan [Lithium: Stocks Are a Buy After Latest Selloff]( [Lithium: Stocks Are a Buy After Latest Selloff]( We’re bullish on lithium prices despite forecasts for continued price declines. Seth Goldstein [After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( With steady iPhone sales, here’s what we think of Apple stock. Brian Colello [Is Disney Stock a Buy?]( [Is Disney Stock a Buy?]( Even with challenges, we feel the market is too pessimistic about Disney stock. [After Earnings, Is AMD Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is AMD Stock a Buy, a Sell, or Fairly Valued?]( With a solid Q3 and plans to increase presence in the AI accelerator market, here’s what we think of AMD stock. Brian Colello [Is Eli Lilly Stock a Buy or Sell After Earnings and a Big 2023 Rally?]( [Is Eli Lilly Stock a Buy or Sell After Earnings and a Big 2023 Rally?]( With strong results and well-positioned for future growth, here’s what we think of Eli Lilly’s 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 upside to profitability but a big rally in 2023, here’s what we think of Palantir stock. Malik Ahmed Khan [Is Ford Stock a Buy, a Sell, or Fairly Valued After Earnings?]( [Is Ford Stock a Buy, a Sell, or Fairly Valued After Earnings?]( With the UAW strike behind the firm but a big warranty loss in Q3, here’s what we think of Ford stock. David Whiston [After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( With low lithium prices impacting profits, here’s what we think of Albemarle stock. Seth Goldstein [After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?]( With solid performance in insurance but softness in rails and energy, here’s our outlook for Warren Buffett’s Berkshire Hathaway. Greggory Warren [5 Ultracheap Stocks Undervalued by More Than 50% to Buy]( [5 Ultracheap Stocks Undervalued by More Than 50% to Buy]( These stocks may appeal to investors with long time horizons and an appetite for risk. Susan Dziubinski [Staying Invested Beats Timing the Market—Here’s the Proof]( [Staying Invested Beats Timing the Market—Here’s the Proof]( A buy-and-hold approach won out in our head-to-head model. Adam Fleck [4 Undervalued Dividend Stocks to Buy Before It’s Too Late]( [4 Undervalued Dividend Stocks to Buy Before It’s Too Late]( Plus, our take on Apple after earnings and our November outlook for the markets. David Sekera, Susan Dziubinski [3 High-Quality Stocks to Buy on Weakness]( [3 High-Quality Stocks to Buy on Weakness]( Put these wide-moat stocks trading near Morningstar’s fair value estimates on your watchlist. Susan Dziubinski [What to Do With Your Stock and Bond Investments Now]( [What to Do With Your Stock and Bond Investments Now]( How to position your investment portfolio today based on market valuations and interest-rate expectations. David Sekera, Susan Dziubinski [3 Dividend Stocks for November 2023]( [3 Dividend Stocks for November 2023]( Two utilities that are top picks from Morningstar analysts, plus a REIT. David Harrell [How Value ETFs Still Benefit From Meme-Stock Mania]( [How Value ETFs Still Benefit From Meme-Stock Mania]( Analyzing the performance of meme-stock winners over the past three years. Mo'ath Almahasneh 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