When's the Right Time to Sell a Stock?
It might be never, but investors should focus on how share price relates to a company's intrinsic value and also consider their alternatives before making a move, says StockInvestor editor Matt Coffina.
Jeremy Glaser
Jeremy Glaser is a stock analyst covering hotel management companies and real estate investment trusts. He joined Morningstar in February 2006 after graduating with honors from the University of Chicago with a bachelor of arts in economics.
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Johnson: Don't Fret the Fed
The Fed has played a key role in nudging the recovery along, but the taper of bond purchases won't torpedo the economy, says Morningstar's Bob Johnson.
Are There Any Stock Values Left?
Fund managers and our analyst team at the Morningstar Investment Conference don't see big bargains, but they are finding a good number of reasonably priced securities.
High-Quality High-Yielders Still the Best Game in Town
Josh Peters tells markets editor Jeremy Glaser that he still sees attractive values in dividend stocks.
The Friday Five
Five stats from the Conference and the stories behind them: 10 more years of financial repression, three retirement train wrecks, 7% more dividends on the S&P, and more.
3 High-Quality Undervalued Dividend Payers
The market's breather is creating some opportunities in dividend-paying stocks.
Johnson: May Jobs Data a 'Goldilocks' Report
Last month's employment numbers showed a continued, steady improvement, but they weren't so strong that the Fed will feel forced to taper its easing programs, says Morningstar's Bob Johnson.
The Friday Five
Five stats from the market and the stories behind them. This week: A big miss on Greek GDP, auto sales cruising along, and more.
What Investors Were Researching in May
Investors continued their search for income in May, as the future of monetary policy came into sharp focus during the month.
Getting Your Arms Around Risk
Fund investors should think beyond volatility measures alone when sizing up the risk in their portfolios, says Morningstar's Shannon Zimmerman.
The Friday Five
Five stats from the market and the stories behind them. This week: Berkshire's buy, a boost for Costco, and more.
Is Optimism Fading on International Risk?
With fears of an impending Japanese sell-off and a China slowdown, as well as ongoing sovereign debt woes in Europe, many fund managers are seeking more safety when investing abroad, says Morningstar's Bridget Hughes.
Invest With These Exemplary Management Teams
These great businesses are undervalued and run by CEOs that are looking out for the best interests of shareholders.
The Friday Five
Five stats from the market and the stories behind them. This week: $3 trillion in stimulus (but how much more?), a $1 billion question mark at Yahoo, more.
Don't Pay Up for These Stocks
These no-moat stocks don't provide an appropriate margin of safety in today's market.
Sri-Kumar: Time for a Central Bank Exit Plan
Aggressive easing policies, particularly in the U.S. and Japan, are creating a global currency war and establishing the foundation for a possible worldwide recession, says Komal Sri-Kumar.
Commodity Price Drop Creating CEF Bargains
The recent sell-off of gold and other commodities has led to advantageous discounts for precious-metals CEFs, but the funds should remain a small portion of your portfolio.
The Friday Five
Five stats from the market and the stories behind them. This week: falling sales for Wal-Mart, rising hopes for Google, and a tremendous jump in Japan.
Head-On Approaches to Fixed Income
As investors debate the challenges of interest-rate and credit risks, they should also understand the role bonds play in their portfolios, says Morningstar's Sarah Bush.
What Investors Were Researching in April
Investors remained focused on moats and income in April, while plummeting gold prices raised interest in gold-focused ETFs.
Insights From the 'Best on the Street'
Hear industry outlooks and best ideas from the 12 Morningstar analysts named by The Wall Street Journal among the "Best on the Street."
The Friday Five
Five stats from the market and the stories behind them. This week: no magic in Dow 15,000, 10% growth for a content king, Windows 8.1, and more.
Berkshire Meeting Underscores Importance of Stewardship
Berkshire's strong culture is a reminder that good management can help widen a moat, says Morningstar StockInvestor editor Matt Coffina.
No Big Surprises in Omaha; Berkshire Shares Look Undervalued
Although this year's Berkshire Annual Meeting didn't break new ground, it underscored the attractiveness of Berkshire shares, say Morningstar's Drew Woodbury and Gregg Warren.
Berkshire Culture Takes Center Stage at Annual Meeting
Morningstar's Drew Woodbury and Gregg Warren give their take on how Berkshire's culture will change after Buffett departs and other key issues from the first half of the Berkshire Hathaway Annual Meeting.
Miles: Berkshire Can Still Do Big Deals After Buffett
Berkshire's permanent capital base and long-term outlook should allow Buffett's successors to keep pursuing major transactions, says Bob Miles.
Yacktman: Stocks Still Attractive Relative to Bonds
Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman.
The Friday Five
Five stats from the market and the stories behind them. This week: content kings, patent cliffs, and 30,000 head to Omaha.
Key Topics at This Year's Berkshire Meeting
Morningstar's Drew Woodbury says Berkshire's increasing cash position and Buffett's succession plan will be among the main focus points this weekend in Omaha.
Tech Firms Look for Ways to Use All That Cash
This quarter's distributions to shareholders are not a flash in the pan, says Morningstar's Grady Burkett.
Want to Be Like Buffett? These Stocks Can Help
Although these three firms might be too small for Berkshire, they have great competitive advantages, and our analysts think they're cheap, too.
Berkshire's Wide-Moat Days Are Numbered
Berkshire still has deep competitive advantages, but its size will cause its moat to narrow over time, says Morningstar's Gregg Warren.
Does Berkshire Have Too Much Cash to Not Pay a Dividend?
Buffett has limited opportunities to continue allocating capital within Berkshire at large returns, making it more difficult for the firm to not pay a dividend, says Morningstar's Gregg Warren.
Buffett's Succession Plan Should Have Little Downside
Although the public is still uncertain who will succeed the Oracle, the split-up of the chairman, CEO, and investment roles likely won't alter Berkshire's overall strategy.
No Shortage of Investment Challenges Today
From high correlations to macroeconomic uncertainty to rock-bottom interest rates, investors face a large number of headwinds today, says Morningstar's Shannon Zimmerman.
Companies Can't Be Like Berkshire When It Comes to Dividends
Buffett has the discipline to guide capital back into his firm rather than use it for dividend payouts, but most companies are better off distributing excess cash to shareholders, says Morningstar's Josh Peters.
3 Narrow-Moat Stocks That Look Undervalued
Narrow-moat firms as a whole have underperformed during the past year, leaving a few stocks trading at discount prices.
MLP Closed-End Funds Gain Energy
CEFs that focus on master limited partnerships performed exceedingly well in the first quarter, yet there are still large discounts among equity closed-end funds, says Morningstar's Cara Esser.
How Morningstar Values Stocks
StockInvestor editor Matt Coffina breaks down how cash flow analyses, uncertainty ratings, and economic moats play key roles in our equity valuation methodology.
The Friday Five
Five stats from the market and the stories behind them. This week: A fake tweet's 140-point implications, Apple's $100 billion back to shareholders, and P&G's $10 billion uphill climb.
Market Too Pessimistic on Apple
Apple's gross margins likely will shrink over time, but the market is underestimating the long-term potential of the iPhone, says Morningstar’s Brian Colello.
Stock Market Weakness Creating Pockets of Opportunity
The market decline this past week hasn't left stocks as a whole cheap, but there are growing opportunities for stock selectors.
Walsh: Eurozone Not Doomed but Has Rough Sledding Ahead
ECB policies have stemmed volatility in the eurozone, but unless the region can start growing economically, global investors will still head toward low-risk U.S.-dollar-based assets, says Western Asset's Steve Walsh.
Walsh: The Risks of Central Bank Activity
Monetary policies in the U.S., Europe, Japan, and elsewhere carry long-term uncertainty and potential unintended consequences for fixed-income investors, says Western Asset's Steve Walsh.
Protecting Capital in Today's Bond Market
FPA Income manager Tom Atteberry talks about overvaluation among fixed-income assets, the risks of investing in Treasuries, long-term preparation for inflation, and more.
The Friday Five
Five stats from the market and the stories behind them. This week: the 18% dent in gold, the disappointing data on earnings, and more.
Muni Defaults Not the Start of Broader Trend
Although several U.S. municipalities have declared bankruptcy, muni bonds overall remain extraordinarily safe in terms of default risk, says Morningstar's Jeff Westergaard.
What's Crushing Gold?
Cyprus-related fears, a China slowdown, and momentum factors are likely behind the recent drop in gold, says Morningstar's Elizabeth Collins.
O'Neil: Bonds Poised for More Modest Returns
The mid-single-digit returns that fixed-income investors have become accustomed to are unlikely to be repeated, says Fidelity Total Bond manager Ford O'Neil.
Walsh: No Bond Bubble
There are fundamental reasons why rates are so low today, but that doesn't mean there aren't potentially significant risks to holding bonds, says Western Asset's Steve Walsh.