Quarter-End Insights

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.

The financial services sector is the most undervalued, with banks offering particularly attractive opportunities.

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

After outperforming the market in 2018, we don’t see many real estate opportunities for investors.

The market pullback has created opportunities for long-term investors.

Heavy equipment firms and industrial distributors look compelling as the market worries about sanctions and the prospect of a slowing economy.

Global capital investment in renewable energy, smart grid, safety, and reliability provides a long runway of earnings growth potential, though we only see select values today.

With 9% of our consumer defensive coverage universe in 5-star territory, investors have a chance to feast on firms with strong competitive advantages.

Moderating expectations for interest rate hikes and lower asset prices have created some buying opportunities in some financial firms.

We expect appeals to delay any impact but revoking the ACA would likely create the most pressure for the healthcare services companies.

Given our bearish long-term oil outlook we think investors are more likely to find value in the volume-driven areas of the sector, namely midstream and refining.

Our take on the fourth quarter. Plus the best, and worst, performing fund categories and indexes from the last year.

With our long-term metals & gold price forecasts well below consensus, most undervalued basic materials stocks offer only modest risk-adjusted upside.

Complexity and confusion, particularly in Europe, has created opportunities for investors.