Undervalued by 40%, This Stock Is a Buy for High-Risk Investors

Plus: 5 Undervalued Stocks That Crushed Earnings, 3 Dividend Stocks for March, and The 10 Best Companies to Invest in Now [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=52317&elqTrackId=6a6adf062bde40a398d6ebdcabc745de&elq=345d4760ad03441ca1e182906557159a&elqaid=52317&elqat=1&elqCampaignId=26340) [Stock Strategist] Stock Strategist March 4, 2024 Good Morning! Here's the rundown of what's happening in the stock market. Earnings season is over and we spotlight some undervalued gems that outdid themselves. That [list of undervalued earnings crushers]( includes Albemarle, the star lithium producer. It's already been quite a year for the markets, with lots of stocks moving from the 'great deal' bin to the 'fairly priced' shelf, according to Morningstar's playbook. Yet, there are a few that have rocketed to sky-high prices. We've zeroed in on [five stocks that are looking a bit too pricey]( suggesting a little caution or maybe even a trim to your portfolio might be wise. At the same time, our regular dive into the Morningstar US Large-Mid Index brought some [interesting movers and shakers]( to light, with Coinbase and Palantir snagging the spotlight for their impressive climbs, while Snap tumbled. And when it comes to [big gains among dividend stocks]( Caryle Group and Scotts Miracle-Gro show there is plenty of variety out there for those hunting for value and solid returns in today's market. Economic Releases Scheduled for the Coming Week - Tuesday, March 5 - Feb. [ISM Services Purchasing Managers Index]( 52.5 vs. 53.4 in Jan. - Wednesday, March 6 - Feb. [ADP Employment Survey]( 150K vs. 107K in Jan. - Jan. [Job Openings and Labor Turnover Survey]( 8,950K vs. 9,026K in Dec. - [Federal Reserve Beige Book]( - Thursday, March 7 - [Initial Unemployment Insurance Claims]( report for the week ended March 2: 215K vs. 215K for the week ended Feb. 24 - Jan. [Consumer Credit]( 12.8B vs. 1.6B in Dec. - Friday, March 8 - Feb. [Employment Situation]( Report - Nonfarm Payrolls: 200K vs. 353K in Jan. - Unemployment Rate: 3.7% vs. 3.7% in Jan. - Hourly Earnings (month to month): 0.2% vs. 0.6% in Jan. All consensus estimates are sourced from FactSet. Investor Relations Weekly Calendar: Highlighted Corporate Earnings and More - Tuesday, March 5 Corporate Earnings: NIO [NIO]( - Thursday, March 7 Corporate Earnings: Costco Wholesale [COST]( Broadcom [AVGO]( For The Trading Week Ended March 1: - The Morningstar US Market Index rose 1.08%. - The best-performing sectors were technology, up 2.73%, and consumer cyclical, up 2.08%. - The worst-performing sector was healthcare, down 0.93%. - Yields on 10-year US Treasury notes fell to 4.18% from 4.26%. - West Texas Intermediate crude prices rose 6.76% to $79.77 per barrel. - Of the 704 US-listed companies covered by Morningstar, 432, or 61%, were up, two were unchanged, and 270, or 39%, were down. Which Stocks Are Up? RealReal [REAL]( Altice USA [ATUS]( Revolve Group [RVLV]( Dell Technologies [DELL]( and Okta [OKTA](. Which Stocks Are Down? Snowflake [SNOW]( Perrigo [PRGO]( Xcel Energy [XEL]( Boston Beer [SAM]( and Sirius XM [SIRI](. And Don't Miss: - [5 Undervalued Stocks That Crushed Earnings]( - [3 Dividend Stocks for March]( - Declare Victory on Inflation Yet]( - [10 Best Cheap Stocks to Buy Under $10]( - [The Top 5 Overvalued Stocks]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [A Dividend Aristocrat to Buy That’s 21% Undervalued and Yields 4%]( [A Dividend Aristocrat to Buy That’s 21% Undervalued and Yields 4%]( This cheap pick faces short-term headwinds but holds long-term promise. Kevin Brown [See Stock Pick]( Share: [facebook]( [twitter]( [linkedin]( [5 Undervalued Stocks That Crushed Earnings]( [5 Undervalued Stocks That Crushed Earnings]( Albemarle and Ionis Pharmaceuticals are among the names that are still cheap despite impressive Q4 earnings and revenue beats. Bella Albrecht [Best- and Worst-Performing Stocks for February 2024]( [Best- and Worst-Performing Stocks for February 2024]( Coinbase and Palantir rank among the best stocks for the month, while the worst include Snap and Charter. Tom Lauricella [10 Top-Performing Dividend Stocks]( [10 Top-Performing Dividend Stocks]( Scotts Miracle-Gro and Southwest Gas are among the month’s high-yielding winners. Bella Albrecht [3 Dividend Stocks for March 2024]( [3 Dividend Stocks for March 2024]( The dividend prospects for three firms with economic moats. David Harrell [After Earnings, Is Alibaba Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Alibaba Stock a Buy, a Sell, or Fairly Valued?]( With a stepped-up share buyback plan and macro headwinds, here’s what we think of Alibaba’s stock. Chelsey Tam [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?]( With the company’s low price value proposition, here’s what we think of Walmart stock. Noah Rohr [After Earnings and a Massive Rally, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings and a Massive Rally, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?]( With the firm’s AI dominance fueling rapid growth, here’s what we think of Nvidia stock. Brian Colello [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 an increase in insurance profitability but declines elsewhere, here’s what we think of Berkshire Hathaway’s stock. Greggory Warren [After Earnings and a Rally, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings and a Rally, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?]( As it faces macro headwinds, here’s what we think of the outlook for Home Depot’s stock. Grace Na [After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?]( Amid a renewed cryptocurrency boom and a big rally in the stock, here’s what we think of Coinbase. Michael Miller [4 Undervalued Stocks to Buy After Earnings]( [4 Undervalued Stocks to Buy After Earnings]( Plus, earnings we’ll be watching for and what we think of Nvidia after another blowout quarter. David Sekera, Susan Dziubinski [The Top 5 Overvalued Stocks]( [The Top 5 Overvalued Stocks]( Wingstop and Southwest Airlines are among the most expensive stocks under Morningstar’s US coverage. Diana Anghel [The Best Women-Led Companies to Own: 2024 Edition]( [The Best Women-Led Companies to Own: 2024 Edition]( These firms have carved out lasting competitive advantages and are led by female CEOs. Margaret Giles [5 Companies Championing Female Leadership Representation]( [5 Companies Championing Female Leadership Representation]( Stocks to know as investors are increasingly favoring diverse leaders. Charity Blue [5 Wide-Moat European Firms With Strong Gender Policies]( [5 Wide-Moat European Firms With Strong Gender Policies]( Novo Nordisk, Novartis, and Nestlé are among the high-quality stocks with commitments to gender equity and inclusion. Sara Silano [10 Best Cheap Stocks to Buy Under $10]( [10 Best Cheap Stocks to Buy Under $10]( The undervalued stocks of these companies with economic moats trade for less than a ten-spot. Susan Dziubinski [More Than Ever, Stock Investors Are Thinking Like Owners]( [More Than Ever, Stock Investors Are Thinking Like Owners]( How equity shareholders have gained their voices—and will continue to do so. John Rekenthaler [3 Top Dividend Stocks the Best Money Managers Like]( [3 Top Dividend Stocks the Best Money Managers Like]( Income seekers, these stocks belong on your radar. Susan Dziubinski [When Bonds Beat Stocks: Emerging Markets]( [When Bonds Beat Stocks: Emerging Markets]( How emerging-markets equities turned gold into lead. John Rekenthaler [More Than Ever, Stock Investors Are Thinking Like Owners]( [More Than Ever, Stock Investors Are Thinking Like Owners]( How equity shareholders have gained their voices—and will continue to do so. John Rekenthaler [Don’t Declare Victory on Inflation Yet]( [Don’t Declare Victory on Inflation Yet]( Analysts warn of a bumpy road ahead, but inflation is still expected to continue moving lower. Sarah Hansen [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