No secret handshakes or outrageous membership fees here, yet the wide-moat stock club is pretty exclusive. In fact, less than one fifth of the U.S.-listed companies that Morningstar analysts cover earn economic moat ratings of wide.
What makes wide-moat companies elite? Their enduring competitive advantages. Our analysts calculate that these firms will out-earn their costs of capital and generate positive economic profits for the next 20 years.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.