More High-Quality Stocks Now in Buying Range
Recent selling in the U.S. equity market has driven a handful of wide-moat stocks into 5-star territory.
The U.S. stock market just can't seem to shake off its fears. On Wednesday, the major indexes suffered their biggest losses in three months. The Dow and S&P 500 are both down more than 7% for the year-to-date through Wednesday, while the Nasdaq is off more than 9%.
As we've mentioned before, the market isn't a screaming buy even after the shellacking. Nevertheless, the turmoil this week has driven five high-quality stocks into 5-star territory. These stocks all possess wide moats, meaning that they have sustainable competitive advantages.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.