Quarter-End Insights

We're still optimistic about the cloud, 5G, and the 'Internet of Things.'

Insurers should benefit from pricing increases.

Patient investors can capitalize on market turmoil.

Areas hurt most by the pandemic have rebounded.

Heavy competition will persist, so strong brands with pricing power are best positioned.

We expect consumers to begin spending more on experiences, such as travel.

We think oil consumption will continue to recover.

Most utilities have strong balance sheets and dividend growth potential, but we don't think that justifies trading at 20 times earnings.

Drug and biotech industries pricing in the risk of policy changes in the U.S., but we don't think there will be a big regulatory impact.

In the long term, gaming companies could level up.

There are few undervalued stocks in the sector.

Our analysis of the third quarter in stocks and funds.

We think high inflation will be temporary.

Best opportunities remain in value and small caps.

Our market commentary covers economic expectations after the pandemic, the global spread of inflation pressure, and more.

With vaccine rollout, shoppers are back in the stores and travelers are returning to hotels.

Our analysis of the second quarter in stocks and funds.

We think business travelers will fly again in late 2021.

After recent runup in prices, the sector is about 10% overvalued.

Tobacco still looks undervalued.

Large-cap software has some margin of safety.

But there is a bright side: clean energy and clean balance sheets.

Services and integrated firms trading at discounts to fair value.

We also expect a return to more elective procedures.

It's a good time to trade up to wide-moat companies.

We've increased our GDP forecast.

Surging advertising demand drives online media shares higher as traditional media firms scramble to bulk up.

Although outperformance has leveled off, there are currently no 5-star stocks from the sector on our coverage list.

We see pockets of opportunity in powersports companies that have benefited from people's desire for outdoor activities while social distancing.

Our market commentary covers the lasting impact of the Trump Administration’s trade policies, the rise of SPACs, and more.

Our analysis of the first quarter in stocks and funds.

Most of the sector is fairly valued.

We expect the U.S. to increase spending on missiles, missile defense, and space militarization.

Sector trades at a 4% premium to our fair value estimates.

Software is the most appealing subsector.

We're keeping an eye on online grocery shopping.

Consumer cyclical stocks are overvalued.

We don't expect any major changes to U.S. healthcare policy.

Strong fundamentals should allow the sector to continue producing positive returns even as interest rates climb.

Opportunities in green hydrogen could benefit industrial gas companies.

The giants still have an edge in this rapidly changing market, though.

Even after the rally, the sector is undervalued, with the average stock trading at a 9% discount.

The broad equity market is trading at a 3% premium to our fair value estimates.

Consumers are ready to spend.

Incoming administration could be a boon for infrastructure spending.

We believe most REITs will continue to pay dividends, making their increased yields attractive to investors.

Most financial stocks are trading above our fair value estimates.

Aside from auto and restaurant subindustries, the sector looks fully valued.

Look beyond the tech giants for hidden opportunities.

We don't expect major policy reforms now that the dust has settled on the elections.