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Quarter-End Insights

Morningstar's Take on the Second Quarter

Our analysis of the second quarter in stocks and funds.

As the second quarter of 2020 comes to a close, Morningstar's analysts have provided in-depth reviews and outlooks across equity sectors and fund categories. 

Equities

33 Undervalued Stocks

Here are our analysts' top ideas in each sector this quarter.

After a Sharp 2Q Rebound, Fewer Bargains in Stocks

A third of our North American coverage mis undervalued compared with two thirds last quarter.

We're Forecasting a Strong Long-Run Economic Recovery

We don't think the market's engaging in irrational exuberance.

6 Charts and Tables on the Q2 Rebound Risk

What to make of the April to June period.

A Mid-Year Portfolio Checkup in 7 Steps

After the first-quarter market volatility, the time is right to see if any adjustments are in order, writes Christine Benz.

Dividend Investors Look for Light in a Dim Year

Finding undervalue stocks among challenged dividend-payers.

Pandemic-Focused Buyers Shaped Consumer Defensive's Quarter

Here are two stocks that catch our eye.

3 Reasons Healthcare Is Showing Fit Performance

And what we expect to see moving forward.

Energy Sees Boost in Second Quarter

But first-quarter wallop still stings.

Q2 Saw Tech Turbulence as Workers Sheltered at Home

What we expect from July.

Basic Materials: Pockets of Value Remain in Agriculture, Chemicals Industries

Communication Services: Battered TV and Advertising Industries Undervalued

Consumer Services: Travel and Leisure Stocks Look Attractive

Consumer Defensive: Stocks Now Heated But Opportunities Remain

Energy: Despite Rally, Energy Stocks Still Look Cheap

Financial Services: Be Careful with Financial Services Stocks Today

Healthcare: Sector Less Appealing After Market Rebound

Industrials: We See Value in Defense, Construction and Industrial Distributors

Technology: Few Buy Ideas in the Tech Sector Today

Real Estate: Good Value Can Be Found Among Hard-Hit Real Estate Subsectors

Utilities: Finally, Some Buying Opportunities in Utilities

Funds

U.S. Equity Funds Rebound in the Second Quarter

U.S. stocks have pulled off an astounding recovery.

Sustainability Matters: Sustainable Stock Funds Held Their Own in Second-Quarter Rally

They have significantly outperformed for the year to date.

How Did the First Half Pan Out for Passive Funds?

Here's a recap of performance, flows, and fund launches during the tumultuous first six months of 2020.

Same Old Story: Growth Beats Value

Large growth maintains its supremacy in the Morningstar Style Box during a volatile first half for mutual funds.

Are You Questioning Your Foreign Stock Funds?

Why these funds are struggling and what to do about it.

International Equity Funds Bounced in Second Quarter

The comeback was uneven, however.

Riskier Fixed-Income Sectors Bounce Back in the Second Quarter 

Decisive central bank action and investor optimism for a swift economic recovery spurred a titanic rally for riskier sectors in fixed-income markets.

Corporate Bonds Stand Out in Second Quarter

As the fears that drove credit spreads to their widest levels in 20 years failed to materialize, corporate credit spreads tightened meaningfully throughout the second quarter.

Download the quarter-end data.