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Weekly Wrap: Buffett's Still Got It

Don't read too much into the failed Oncor deal. Plus, Lowe's and Williams-Sonoma look cheap, and Salesforce is on a roll.

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It was a choppy week for stocks as earning seasons mostly wraps up and focus begins to turn to the coming budget and debt ceiling battle in Washington.

Reports emerged this week that Chevron (CVX) CEO John Watson is stepping down. Morningstar's Alan Good doesn't think a change at the top will radically alter the firm's trajectory and sees shares as fully valued today.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.