Recent rebalancing of Morningstar's Wide Moat Focus Index shows that quality stocks aren't nearly as cheap as they were this time last year.
Recent spin-off ADT has broad market share and solid competitive advantages, but several big-name telecom players also have their eyes set on the security space.
Morningstar's Rick Summer sees Facebook and Google dominating the Internet advertising market as Facebook finds better ways to monetize its massive user base.
As negative headlines continue to roll in, a market upswing suggests investors are expecting more stimulus action from the Fed.
Near-term headwinds pose no long-term setback for the company's low-cost advantages, says Morningstar's Elizabeth Collins.
Morningstar's Gregg Warren says Berkshire's sterling balance sheet, strong business, and unique structure will sustain the firm's competitive standing--even without Buffett.
Legg Mason's Randy Befumo points to how staying clear of significant industry weightings allows his fund to control for volatility.
Although Jobs is irreplaceable, Apple has built an ecosystem that will continue to be successful years into the future, says Morningstar's Michael Holt.
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