Quarter-End Insights

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.

Oilfield-services stocks look particularly attractive, trading at levels we haven't seen in some time.

Investors have to be pickier with financial-services stocks this quarter.

We see little strategic reason for AT&T to combine wireless and media businesses.

We see opportunities in providers, managed care, drugs, and biotech.

Our analysis of the second quarter in stocks and funds. Also, undervalued stocks and quarter-end index and fund category data.

The energy sector is the most attractive from a valuation perspective, particularly oil-services stocks.

We're especially keen on the uranium, lithium, and lumber industries.

Brexit and tariffs weighed on the sector last quarter.

Market continues to underappreciate tobacco stocks.

We're finding some opportunity in a sector that's fairly valued overall.

The sector overall is slightly undervalued.

The stocks in this sector look fairly valued, and tariffs seem to be only a minor threat.

The sector is trading at the largest premium to our fair value estimate since 2017.

We expect U.S.-China trade talks to lead to greater end product demand down the road.

The sector overall is cheap, but oilfield-services stocks are at decade lows.

Traditional telecom has lagged, but the rest of the sector has been strong.

Sector is one of the most fairly valued.

Hefty yields permeate European telecom stocks.

About half of our banking coverage is trading at 4 or 5 stars.

We see less value in oil stocks than we did earlier this year.

Logistics also looks promising.

Exceptional buying opportunity if the sector makes a modest correction.

Tobacco stocks present an underappreciated opportunity.

Brexit uncertainty, trade tension, and political unrest have pressured consumer cyclical stocks.

No stocks in our real estate coverage are trading at 5 stars.

Basic materials stocks have soundly underperformed the global index.

Drug manufacturers and healthcare providers offer the most upside.

Online media also looks like a compelling value.