This 23% Undervalued Dividend Aristocrat Is a Buy as Interest Rates Fall

Plus: Can 2023′s blockbuster stock market rally continue? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=50865&elqTrackId=b0b4a152c2bf4cedba0a97605425c8b3&elq=221dd28c0d2d488c886b9e2eafabd88a&elqaid=50865&elqat=1&elqCampaignId=25510) [Stock Strategist] Stock Strategist January 8, 2024 Good Morning! Here's the rundown on what's happening in the stock market. Economic Releases Scheduled for the Coming Week - Monday, Jan. 8 - Nov. Consumer Credit SA: 9.0B vs. 5.2B in Oct. - Wednesday, Jan. 10 - John Williams of the Federal Reserve Bank of New York to appear at the [2024 Economic Outlook](. - Thursday, Jan. 11 - Dec. Consumer Price Index [report]( - CPI (month to month): 0.2% vs. 0.1% in Nov. - Core CPI (month to month): 0.25% vs. 0.30% in Nov. - CPI (year over year): 3.2% vs. 3.1% in Nov. - Core CPI (year over year): 3.8% vs. 4.0% in Nov. - Initial Unemployment Insurance Claims report for the week ended Jan. 6: 203.5K vs. 202K for the week ended Dec. 30. - Friday, Jan. 12 - Dec. Producer Price Index [report]( - PPI (month to month): 0.1% vs. 0.0% in Nov. - Core PPI (month to month): 0.2% vs. 0.0% in Nov. - PPI (year over year): 1.30% vs. 0.86% in Nov. - Core PPI (year over year): 2% vs. 2% in Nov. All consensus estimates are sourced from FactSet. For The Trading Week Ended January 5: - The Morningstar US Market Index fell 1.72%. - The best-performing sectors were healthcare, up 1.74%, and utilities, up 1.66%. - The worst-performing sector was technology, down 4.19%. - Yields on 10-year U.S. Treasury notes rose to 4.05% from 3.88%. - West Texas Intermediate crude prices rose 2.78% to $73.89 per barrel. - Of the 844 U.S.-listed companies covered by Morningstar, 576, or 68%, were up, 2 were unchanged, and 266, or 32%, were down. Which Stocks Are Up? Moderna [MRNA]( Lazard [LAZ]( Merck [MRK]( Allstate [ALL]( and Verizon Communications [VZ](. Which Stocks Are Down? SunPower [SPWR]( Sunrun [RUN]( SoFi Technologies [SOFI]( GDS Holdings [GDS]( and SolarEdge Technologies [SEDG](. And Don't Miss: - [This 23% Undervalued Dividend Aristocrat Is a Buy as Interest Rates Fall]( - [The 10 Best Companies to Invest in Now]( - [33 Undervalued Stocks for 2024]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [This 23% Undervalued Dividend Aristocrat Is a Buy as Interest Rates Fall]( [This 23% Undervalued Dividend Aristocrat Is a Buy as Interest Rates Fall]( Yielding more than 5%, this stable dividend payer is highly correlated to interest-rate movements. Kevin Brown [Read More]( Share: [facebook]( [twitter]( [linkedin]( [Can 2023′s Blockbuster Stock Market Rally Continue?]( [Can 2023′s Blockbuster Stock Market Rally Continue?]( What could send the market higher—and what could drag it back down. Sarah Hansen [Betting Big on Stocks Rarely Beats Boring Investing ]( [Betting Big on Stocks Rarely Beats Boring Investing]( Plus, the outsized role of the ‘Magnificent Seven’ stocks in active fund managers’ portfolios. Jack Shannon, Ivanna Hampton [The Worst-Performing Stocks of 2023]( [The Worst-Performing Stocks of 2023]( SolarEdge, Plug Power, Moderna, and Pfizer are among the year’s biggest losing stocks. Bella Albrecht [Top-Performing Stocks of 2023]( [Top-Performing Stocks of 2023]( Coinbase, Nvidia, Palantir, and other tech names dominate the list of the year’s best stocks. Bella Albrecht [15 Charts On the Surprise ‘Everything Rally’ for 2023]( [15 Charts On the Surprise ‘Everything Rally’ for 2023]( The stock and bond markets turned in an unexpected banner year. Tom Lauricella, Lauren Solberg [33 Undervalued Stocks]( [33 Undervalued Stocks]( Here’s the new list of Morningstar’s top underpriced analyst picks to buy for 2024. Susan Dziubinski [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 [3 Stories That Moved the Markets in 2023]( [3 Stories That Moved the Markets in 2023]( And what impact these stories may have on stocks in 2024. David Sekera, Susan Dziubinski [2023 In Review and 2024 Market Outlook]( [2023 In Review and 2024 Market Outlook]( Our analysts put stock market performance trends, along with bonds and funds, into perspective—and look ahead with a fresh market outlook for 2024. Tom Lauricella [Why Stocks Have Astounded]( [Why Stocks Have Astounded]( The wondrous math of U.S. equities. John Rekenthaler [How This T. Rowe Price Stock Picker Tries to Avoid Mistakes]( [How This T. Rowe Price Stock Picker Tries to Avoid Mistakes]( And how Peter Bates learned from a wrong call on Nvidia. Kate Lin [Undervalued by 20%, This Stock Is a Rare Buy in Its Sector]( [Undervalued by 20%, This Stock Is a Rare Buy in Its Sector]( This narrow-moat company stands to benefit from artificial intelligence—and its stock is cheap. Julie Bhusal Sharma [How the Largest Stock Funds Performed In 2023]( [How the Largest Stock Funds Performed In 2023]( Invesco QQQ leads the pack with its big tech exposure. Kumudini Devalla [10 Undervalued Wide-Moat Stocks]( [10 Undervalued Wide-Moat Stocks]( Cheap high-quality names from the Morningstar Wide Moat Focus Index are attractive stocks to buy for long-term investors. Susan Dziubinski [Stocks to Buy in 2023: How’d We Do? ]( [Stocks to Buy in 2023: How’d We Do?]( A look back at some of our winning and losing calls during the year. David Sekera, 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! 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](. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602