The S&P 500 has shot up more than 20% for the year-to-date through Dec. 1. Story stocks like Apple (AAPL) and Amazon (AMZN) are up more than twice that. So are companies as varied as McDonald's (MCD), Caterpillar (CAT), Visa (V), UnitedHealth Group (UNH) and Wal-Mart (WMT). Not surprisingly, these stocks are all trading in 1-, 2-, or 3-star range today, meaning that they're fairly valued or overvalued by our measures.
Yet several stocks have returned at least twice as much as the S&P 500 this year but still trade in 4-star range, which suggests that these stocks remain undervalued. Here are five such high fliers that may have more gas left in the tank.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.