Quarter-End Insights

What to make of the April to June period.

Our analysis of the second quarter in stocks and funds.

Coronavirus had an effect on second-quarter earnings, but utilities' long-term outlook remains strong.

Decline in the demand for lithium should be short-lived.

Rebound has been uneven in the sector.

Consumers are slowly starting to travel and eat at restaurants again.

Tobacco and alcohol look attractive.

It's been rocky, but the worst is probably behind us.

Banks are the most undervalued subsector.

Changes to U.S. healthcare policy no longer a major fear.

Housing market has been a bright spot during the pandemic.

Pandemic could speed up the transition to cloud computing and remote working.

We expect malls, hotels, and healthcare subsectors to rebound.

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

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

Our analysis of the first quarter in stocks and funds.

Finally, some buying opportunities in the sector.

Two thirds of the stocks in our North American coverage are undervalued, trading at 4 or 5 stars.

Compelling opportunities in building materials and agriculture firms, which are less exposed to macroeconomic headwinds.

Google's online dominance should be able to withstand any shocks.

Plenty of reason to worry, but we still expect a nearly complete recovery.

Berkshire an ideal defensive investment for the long term.

Defense contractors could be a smart play in this volatile environment.

Hotel, mall, and healthcare subsectors should rebound strongly once the global crisis is over.

Eighty percent of the sector is undervalued, trading at 4 or 5 stars.

Tobacco and beverage subsectors look particularly attractive.

Compared with the previous quarter, patient investors have some good opportunities.

Fears of a progressive president and changes to the healthcare system have faded.

Market overestimated likelihood of a recession; financial-services stocks trading at a premium to our fair values.

Equipment-rental firms are also worth watching.

Overall, sector remains fairly valued and sensitive to interest rates.

No attractively priced subsectors, but cybersecurity is a hot topic.

Investors should approach these lofty valuations with caution.

We don't expect a major overhaul of the U.S. healthcare system.

Our analysis of the fourth quarter in stocks and funds.

Most of the discounts are concentrated in only a few industries.

Industry gearing up for upcoming streaming wars.

Online booking of experiences should continue to increase.

Tobacco and alcohol firms are trading below our fair value estimates.

Oilfield services look particularly attractive.

Energy remains the cheapest sector under Morningstar coverage, and consumer cyclical looks attractive, particularly travel and leisure firms.

Our analysis of the third quarter in stocks and funds.

U.S. and Canadian stocks are fairly valued overall, with energy offering the most opportunity and utilities the least.

Industrials has outperformed despite signs of an economic slowdown and fears over tariffs.

Opportunities in real estate live in the mall and hotel REITs.

Opportunities now most common in software and online media.

If interest rates keep heading toward zero, utilities could benefit.

Agriculture, uranium, and lithium stocks look particularly appealing in the basic materials sector.

For patient investors, an attractive industry is travel and leisure.

Shifting consumer health trends are having a big impact on the sector.