Morningstar takes a fundamental approach to investment analysis. This means we analyze stocks for what they are—an ownership stake in a business—and that we evaluate mutual funds and other managed
  investment portfolios down to the individual security level. We think the best way for investors to meet their goals is to focus on long-term fundamentals, rather than getting caught up in short- term price movements, technical analysis, or charting. The goals of our investment research are twofold. First, we want to provide you with clear, timely opinions on the investments you're most interested in.   Second, we'll give you our recommendations of the most promising stocks and mutual funds among the thousands of potential investment ideas out there. Few investors have time to sort through all the possible options, so we want to save you time by highlighting the investment ideas that we think are the most promising.  
Morningstar Philosophy
Approach to Stock Analysis
Approach to Fund Analysis

 
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