Buy This Undervalued Stock With a 4% Dividend Yield Before It’s Too Late

Plus: 3 dividend stocks for February, 10 best companies to invest in now, and are Tesla, Verizon, Palantir and AT&T buys after earnings? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=51530&elqTrackId=6333222067f6415aa8edac198b6291b3&elq=ce8e66851dcd4576b1dc3b2565577ac3&elqaid=51530&elqat=1&elqCampaignId=25887) [Stock Strategist] Stock Strategist February 5, 2024 Good Morning! Here's the rundown of what's happening in the stock market. The big guns were out over the past week when it came to earnings. We had solid reports from [Microsoft]( and [Alphabet](. Apple’s [results were a mixed bag]( but [Amazon]( and [Meta]( game out blazing—especially Meta, which surprised investors by announcing it would start paying a dividend. When it comes to that dividend from Meta, David Harrell, editor of the [Morningstar Dividend Investor newsletter]( takes a close look at [investors need to know](. Add it all up, and the companies behind the Magnificent Seven stocks mostly showed why they’re the powerhouses driving the stock market’s rally. But will they be able to keep carrying the market higher? [Here’s what some strategists have to say]( about the outlook. Economic Releases Scheduled for the Coming Week - Monday, Feb. 5 Jan. [ISM Services Purchasing Managers Index]( 52.3 vs. 50.6 in Dec. - Wednesday, Feb. 7 Dec. [Consumer Confidence Survey](/www.conference-board.org/topics/consumer-confidence?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=51530&elqTrackId=4f23adcb79654e169fe080dd4154aa00&elq=ce8e66851dcd4576b1dc3b2565577ac3&elqaid=51530&elqat=1&elqCampaignId=25887): $11.0 billion vs. $23.8 billion in Nov. - Thursday, Feb. 8 [Initial Unemployment Insurance Claims]( report for the week ended Feb. 3: 227K vs. 224K for the week ended Jan. 27 All consensus estimates are sourced from FactSet. Investor Relations Weekly Calendar: Highlighted Corporate Earnings and More - Monday, Feb. 5 Corporate Earnings: Palantir Technologies [PLTR]( - Tuesday, Feb. 6 Corporate Earnings: Eli Lilly [LLY]( Ford Motor [F]( Snap [SNAP]( - Wednesday, Feb. 7 Corporate Earnings: Alibaba Group Holding [BABA]( CVS Health [CVS]( Uber Technologies [UBER]( Roblox [RBLX]( The Walt Disney Company [DIS]( For The Trading Week Ended February 2: - The Morningstar US Market Index rose 1.28%. - The best-performing sectors were consumer cyclical, up 2.61%, and consumer defensive, up 2.04%. - The worst-performing sector was energy, down 1.39%. - Yields on 10-year U.S. Treasury notes fell to 4.02% from 4.15%. - West Texas Intermediate crude prices fell 8.22% to $72.17 per barrel. - Of the 844 U.S.-listed companies covered by Morningstar, 414, or 49%, were up, three were unchanged, and 426, or 51%, were down. Which Stocks Are Up? Plug Power [PLUG]( Meta Platforms [META]( Saia [SAIA]( Edwards Lifesciences [EW]( and Corteva [CTVA](. Which Stocks Are Down? VNET Group [VNET]( MarketAxess [MKTX]( Altice USA [ATUS]( NOV [NOV]( and EVgo [EVGO](. And Don't Miss: - [Will the Magnificent Seven Stocks Keep Carrying the Market After Earnings?]( - [Where We See Investment Opportunities in February]( - [The 10 Best Companies to Invest in Now]( - [What Stock Investors Need to Know About Meta’s New Dividend]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [Buy This Undervalued Stock With a 4% Dividend Yield Before It’s Too Late]( [Buy This Undervalued Stock With a 4% Dividend Yield Before It’s Too Late]( We expect the valuation discount on this narrow-moat company to disappear. Travis Miller [Read More]( Share: [facebook]( [twitter]( [linkedin]( [3 Dividend Stocks for February 2024]( [3 Dividend Stocks for February 2024]( These stocks’ dividend yields average 4%. David Harrell [Will the Magnificent Seven Stocks Keep Carrying the Market After Earnings?]( [Will the Magnificent Seven Stocks Keep Carrying the Market After Earnings?]( Tech giants like Amazon, Microsoft, and Meta have the power to pull the market along with them. Sarah Hansen [Best- and Worst-Performing Stocks of January 2024]( [Best- and Worst-Performing Stocks of January 2024]( Nvidia and Juniper are among the top performers, while Coinbase and Tesla suffered big losses. Tom Lauricella [3 Top Value Stocks to Buy and Hold for 2024]( [3 Top Value Stocks to Buy and Hold for 2024]( These high-quality companies are solid—and their stocks look cheap. Susan Dziubinski [What Stock Investors Need to Know About Meta’s New Dividend]( [What Stock Investors Need to Know About Meta’s New Dividend]( The market reacted positively, with the stock up 20% Friday, but the yield will be modest. David Harrell [Top-Performing Dividend Stocks of January 2024]( [Top-Performing Dividend Stocks of January 2024]( Verizon and MDC Holdings are among the month’s high-yielding winners. Bella Albrecht [Where We See Investment Opportunities in February]( [Where We See Investment Opportunities in February]( With the stock market fairly valued, here are several undervalued areas investors can take advantage of. David Sekera [10 of the Best Small-Cap Stocks to Buy Before They Rebound]( [10 of the Best Small-Cap Stocks to Buy Before They Rebound]( These undervalued stocks from quality small companies look promising today. Susan Dziubinski [Which Funds Are the Biggest Holders of Meta Stock?]( [Which Funds Are the Biggest Holders of Meta Stock?]( Fidelity, Davis, and a Capital Group ETF have large stakes as Meta stock surges. Tom Lauricella [After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?]( With strong customer retention and increases in wireless plan prices, here’s what we think of AT&T stock. Michael Hodel [Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( With expectations on billings and customer additions, here’s what we think of Palantir stock. Malik Ahmed Khan [Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( Watching the outlook for the company’s key drugs, here’s what we think of Lilly’s stock. Damien Conover [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 a strategic shift in focus and likely slower growth ahead, here’s what we think of Tesla’s stock. Seth Goldstein [After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?]( With improvement in wireless but balance sheet building ahead, here’s what we think of Verizon’s stock. Michael Hodel [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 a strategic shift in focus and likely slower growth ahead, here’s what we think of Tesla’s stock. Seth Goldstein [How Long Will Investors Have to Wait for the Fed to Cut Rates?]( [How Long Will Investors Have to Wait for the Fed to Cut Rates?]( Plus, how much does an ETF really cost? And are Tesla, Netflix, and Verizon stocks a buy right now? Zachary Evens, Preston Caldwell, Ruth Saldanha, Ivanna Hampton [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. Or update your [email preferences](. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602