3 Dividend Stocks for December 2023

Plus: 10 cheap dividend-growth stocks to buy, best sustainable companies to own, and 7 charts on the AI stock boom. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=50200&elqTrackId=642ed91e623b4928adefb36533797575&elq=26ed2142cc8e4d87b3dce1e008e28a98&elqaid=50200&elqat=1&elqCampaignId=25113) [Stock Strategist] Stock Strategist December 4, 2023 Good Morning! Here's the rundown on what's happening in the stock market. Stocks staged a big rally in November, gaining nearly 10% as bond yields tumbled on hopes that not only is the Federal Reserve done tightening, but that lower rates will soon be in the cards. This outlook will be put to the test this week, starting with the release of the November jobs report Friday. That will be followed next week with the November Consumer Price Index report and Fed rate decision. While investors continue to keep close watch on the economic outlook, such as the [strength of consumer spending this holiday season]( one of the biggest themes in 2023 has been the artificial intelligence stock boom. We take a closer look at AI’s [key underlying trends and critical stocks to watch]( for this transformative technology. Economic Releases Scheduled for the Coming Week - Tuesday, Dec. 5 - Oct. [JOLTS Job Openings]( 9,300K vs. 9,553K in Sept. - Nov. [ISM Services PMI]( 51.8 vs. 51.8 in Oct. - Wednesday, Dec. 6 - Nov. [ADP Employment Survey]( 125K vs. 113K in Oct. - Thursday, Dec. 7 - Initial Unemployment Insurance Claims [report]( for the week ended Dec. 2: 220K vs. 218K for the week ended Nov. 25 - Friday, Dec. 8 - Nov. [Nonfarm Payrolls]( 175K vs. 150K in Oct. - Nov. Unemployment Rate: 3.9% vs. 3.9% in Oct. - Nov. Average Hourly Earnings: +0.3% vs. +0.2% in Oct. - Nov. Average Workweek: 34.3 vs. 34.3 in Oct. All consensus estimates are sourced from FactSet. Investor Relations Weekly Calendar: Highlighted Corporate Earnings and More - Tuesday, Dec. 5 - Corporate Earnings: NIO [NIO]( - Thursday, Dec. 7 - Corporate Earnings: Lululemon Athletica [LULU]( Broadcom [AVGO]( For The Trading Week Ended December 1: - The Morningstar US Market Index rose 1.1%. - The best-performing sectors were real estate, up 4.7%, and basic materials, up 2.5%. - The worst-performing sector was communication services, down 1.3%. - Yields on 10-year U.S. Treasury notes fell to 4.22% from 4.47%. - West Texas Intermediate crude prices fell 2% to $74.07 per barrel. - Of the 847 U.S.-listed companies covered by Morningstar, 641, or 76%, were up, and 206, or 24%, were down. Which Stocks Are Up? Plug Power [PLUG]( Lyft [LYFT]( and Sunrun [RUN](. Which Stocks Are Down? Farfetch [FTCH]( Chewy [CHWY]( and Cigna [CI](. And Don't Miss: - [Is Nvidia Stock a Buy, a Sell, or Fairly Valued After Earnings?]( - [Undervalued by 45%, This Wide-Moat Stock Is a Buy This Holiday Season]( - [The 10 Best Companies to Invest in Now]( - [Top Stocks for Climate-Focused Investors]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [3 Dividend Stocks for December 2023]( [3 Dividend Stocks for December 2023]( The dividend prospects for three firms with economic moats. David Harrell [Watch Now]( Share: [facebook]( [twitter]( [linkedin]( [10 Cheap Dividend-Growth Stocks to Buy]( [10 Cheap Dividend-Growth Stocks to Buy]( The stocks of these companies with a history of raising their dividends look undervalued heading into 2024. Susan Dziubinski [Is Nvidia Stock a Buy, a Sell, or Fairly Valued After Earnings?]( [Is Nvidia Stock a Buy, a Sell, or Fairly Valued After Earnings?]( With the AI boom and a massive rally, here’s what we think of Nvidia stock. Brian Colello [7 Charts On the AI Stock Boom One Year After ChatGPT’s Launch]( [7 Charts On the AI Stock Boom One Year After ChatGPT’s Launch]( These stocks and the key trends behind them are critical for understanding the AI investment landscape. Tom Lauricella, Lauren Solberg [Top Stocks for Climate-Focused Investors]( [Top Stocks for Climate-Focused Investors]( These stocks are highly rated by Morningstar analysts and commonly held in climate funds. Alyssa Stankiewicz [Undervalued by 45%, This Wide-Moat Stock Is a Buy This Holiday Season]( [Undervalued by 45%, This Wide-Moat Stock Is a Buy This Holiday Season]( Bargain seekers on a mission for cheap stocks of high-quality companies can stop here. Sean Dunlop [Best- and Worst-Performing Stocks of November 2023]( [Best- and Worst-Performing Stocks of November 2023]( Coinbase, Block, and Datadog post big rallies, while Agilon Health and Cigna slide. Tom Lauricella [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( With consumers searching for low-cost substitutes, here’s what we think of Target stock. Noah Rohr [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( Amid a precarious economic outlook, here’s what we think of Walmart stock. Noah Rohr [After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( As the company gains traction with professional builders, here’s what we think of Home Depot’s stock. Jaime Katz [Why Investors Should Pay Extra Attention to Shopping Trends This Holiday]( [Why Investors Should Pay Extra Attention to Shopping Trends This Holiday]( Resilient consumers have helped the economy stave off a recession—for now. Sarah Hansen [4 Stocks That Benefit From Interest-Free Sources of Capital]( [4 Stocks That Benefit From Interest-Free Sources of Capital]( As interest rates remain high, companies with prepaid funds are particularly well positioned. Adam Fleck [Are Small-Cap Stocks Worth Investing In?]( [Are Small-Cap Stocks Worth Investing In?]( Given their chronic underperformance, it’s a fair question. Dan Lefkovitz, Susan Dziubinski [Why Berkshire Hathaway’s Success Will Continue After Charlie Munger ... and Warren Buffett]( [Why Berkshire Hathaway’s Success Will Continue After Charlie Munger ... and Warren Buffett]( Munger’s passing is a spiritual loss for the company. Greggory Warren [Final Thoughts From Charlie Munger on Apple, Warren Buffett, and the Big Costco Error]( [Final Thoughts From Charlie Munger on Apple, Warren Buffett, and the Big Costco Error]( Buffett’s partner at Berkshire Hathaway has died. Here are some excerpts from one of his final interviews. James Gruber [4 Top Stocks to Buy on Sale]( [4 Top Stocks to Buy on Sale]( Plus, our take on Nvidia’s earnings and retail sales expectations for the fourth quarter. David Sekera, Susan Dziubinski [Best Sustainable Companies to Own: 2023 Edition]( [Best Sustainable Companies to Own: 2023 Edition]( We believe these companies’ strong ESG management practices give them a long-term advantage. Leslie Norton [The 10 Best Companies to Invest in Now]( [The 10 Best Companies to Invest in Now]( These undervalued stocks of high-quality companies are attractive investments today. Margaret Giles 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. 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