8 Wide-Moat Stocks of Tomorrow
These narrow-moat companies with positive moat trends are all trading in 4- and 5-star range.
In late April, the 2016 NFL draft will take place in Morningstar's home town of Chicago. Football enthusiasts who want to witness the draft in person can enter a lottery for tickets to the event. According to the Chicago Sun-Times, more than 79,000 fans from all 50 states applied to watch the draft in person last year. Devotees near and far want to see the next Peyton Manning or Jerry Rice.
Many investors would like to spot the "the next big thing," too. But just as team owners and scouts conduct extensive research on their top picks, investors need to do the legwork on their prospects, too. After all, you want to find stocks that can someday provide the endurance and competitive advantage of a Walter Payton, not a Johnny Manziel. In Morningstar parlance, that means uncovering the wide-moat stocks of tomorrow, today.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.