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.