We’re boosting our view of Amazon’s growth potential and fair value estimate after earnings.
Brand, channel, and technology advantages result in one of the widest moats in the consumer sector.
We're trimming our fair value estimate for McDonald's, but we think the firm's long-term competitive advantages remain intact.
Slow sales recovery raises questions about Chipotle's brand-intangible asset.
While eBay presents investors with a compelling capital allocation story, shares are fairly valued.
Our positive long-term outlook remains intact, but we think the shares are currently fairly valued.
Even if sales were unchanged from last year, we think the Amazon sales event underscored the firm’s wide moat and potential for expanding profitability.
Structural trends across apparel retail, e-commerce, and travel are being mispriced by the market.
The wide-moat firm is clearly laying the foundation for profitable growth overseas and continuing to expand margins in the U.S., writes Morningstar’s R.J. Hottovy.
Writing off this narrow-moat stock would be shortsighted, in our view.
The market's focus on weak short-term guidance has created a potentially attractive entry point for the coffee seller, writes Morningstar's R.J. Hottovy.
Many up-and-coming e-commerce players in other countries are selling at attractive discounts to their fair values.
The wide-moat firm offers an attractive opportunity ahead of improving China results and the spin-off.
We see ample global growth opportunities for the e-commerce giant.
The market may be disappointed that the Oprah effect hasn’t had a more pronounced impact yet, but Morningstar’s R.J. Hottovy sees the firm on track to make gradual progress.
Brand, channel, and technology advantages give the firm one of the widest consumer-sector moats.
The embattled firm is in for a rough 2016, but longer-horizon investors may be rewarded for their patience with the narrow-moat name, writes Morningstar's R.J. Hottovy.
Concerns over profitability in the fourth quarter are overblown, creating a possible entry point for the wide-moat retailer, writes Morningstar’s R.J. Hottovy.
The stage is set for compelling top-line growth and margin expansion for years to come, writes Morningstar’s R.J. Hottovy.
Education weakness grabs the headlines now, but the long term looks brighter.
Although it looks fairly valued now, we wouldn't require much margin of safety to invest.
Expectations for the coffee chain were high coming into the quarter, and the company did not disappoint.
The Internet giant’s wide-moat businesses mostly shielded it from China’s economic woes, writes Morningstar’s R.J. Hottovy.
Amazon’s third-quarter results show that the company has one of the widest economic moats in the consumer space today, writes Morningstar’s R.J. Hottovy.
We’re modestly raising our fair value estimate after the restaurant giant reported better-than-expected U.S. sales and showed signs it is overcoming its execution issues, writes Morningstar’s R.J. Hottovy.
Despite the positives in eBay’s results, competitive headwinds are building, and investors should wait for a better price before diving in, writes Morningstar’s R.J. Hottovy.
But even with a superstar on board, a turnaround won't come easy.
Third-quarter sales trends raise some questions, but the company’s narrow moat is still intact, writes Morningstar's R.J. Hottovy.
We have a favorable view of the firm’s plan to spin off its China division and think both business will benefit from significant competitive advantages, says Morningstar’s R.J. Hottovy.
Current headwinds aside, wide-moat Yum remains a compelling long-term cash flow story, says Morningstar's R.J. Hottovy.
Most of the market's global macro fears are derived directly from China, where we've heard cautionary statements from a number of consumer-facing companies.
Despite the recent market pullback, the consumer defensive sector in aggregate still trades at a slight premium to our fair value estimate, but we still see several pockets of opportunities among high-quality companies.
The market is overlooking several key catalysts on the horizon for Yum Brands, says Morningstar's RJ Hottovy.
As the retailer hits a profitability inflection point, we're increasing our fair value estimate of the shares, writes Morningstar's R.J. Hottovy.
The restaurant’s ability to raise prices to offset higher costs supports our thesis that the narrow-moat company benefits from strong brand intangible assets, writes Morningstar analyst R.J. Hottovy.
The company's growing global presence and ability to withstand disruptions in China validate our upgrade.
Changing consumer preferences and technological innovations have led to valuation shifts across different consumer cyclical industries.
Greater disclosure around its cloud computing business bolsters our view of the Internet giant's wide moat rating and longer-term cash flow opportunities.
Notwithstanding disappointing first-quarter sales, Chipotle can weather a more competitive fast-casual industry in the years to come, writes Morningstar’s R. J. Hottovy.
Picking up on changing dining trends, fast-casual restaurants--including these intriguing investment names--have outpaced quick-service and casual dining.
Chipotle continues to post impressive results, but the market may be underestimating long-term competitive threats, writes Morningstar’s R.J. Hottovy.
The retail giant's results point to longer-term margin potential, but the profitability expansion will be slow and uneven, writes Morningstar's R.J. Hottovy.
Alibaba’s lower-than-expected revenue growth is not a cause for concern as the firm continues to build its network effect, writes Morningstar’s R.J. Hottovy.
Companies that can meet the new realities of retail likely have an economic moat, ultimately leading to better full-price sales and margin performance.
Africa has the foundation for an exceptionally long runway for consumer spending.
Its recently announced plans give us more confidence in our wide moat rating.
The Chinese e-commerce giant’s first public update shows the power of the firm’s network effect, though shares are slightly overvalued at today’s levels, says Morningstar’s R.J. Hottovy.
We expect strong top-line growth but, in the near term, contracting margins for the wide-moat e-commerce firm.
We’re lowering our fair value estimate for the Internet giant after a disappointing third quarter, but we still see shares as undervalued and the firm as a disruptive force.
We will likely trim our fair value estimate for McDonald’s as the firm struggles to keep pace with evolving consumer tastes.