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Stock Strategist

Stock Market Outlook: Stocks Start to Look More Attractive

Some fears are overblown, leading to attractive valuations in financial services and consumer cyclical.

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  • We view the overall market as slightly undervalued, based on our fair value estimates for approximately 1,500 global companies. 
  • The financial services, consumer cyclical, and healthcare sectors are the most undervalued, while the basic materials sector is our only overvalued sector.
  • Oil price concerns are hurting the financial services sector, while divergent paths for China's future fixed asset investment growth and consumption inform our thinking in the basic materials and consumer cyclical sectors.


Elizabeth Collins has a position in the following securities mentioned above: VALE. Find out about Morningstar’s editorial policies.