Danaher Corp

These companies are all new to coverage during the past two months--plus, they earn narrow or wide Morningstar Economic Moat Ratings.

The most compelling story on the conviction holdings list of our top managers is narrow-moat rated Apple.

We're still evaluating the deal, but we don't expect a change to GE's fair value estimate.

Life science and diagnostics firms offer attractive growth and moats, but be wary of valuations.

Wide-moat rated MasterCard replaces Bank of America on the list of top 10 conviction holdings.

While overall activity for our managers decreased again, we did uncover a few ideas worth considering.

What top managers were doing in the months leading up to the global equity market downturn.

Big moves were scarcer in the second quarter among these top money managers.

Top managers continue to find opportunities for some new-money purchases, while taking full advantage of a rising stock market to book gains in shares trading above their fair value estimates.

Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.

Going against the grain of flows can be a profitable strategy.

The T. Rowe Price Capital Appreciation manager says bargains are hard to come by today but does see some value in the highest-quality high-yield bonds.

As the economy remains soft and uncertain, Fed tapering is now more likely a 2014 event, writes Morningstar's Bob Johnson.

We like 3-D printer firms' growth fundamentals, but current valuations limit long-term investor returns.

We've upgraded our moat ratings for Henry Schein and Patterson Companies to wide on distribution network cost advantages and high switching costs among their fragmented customers and suppliers.

Widening investment-grade credit spreads and rising interest rates lead to losses.

With so many threats lurking and the ever-present risk that something strikes from left field, staying vigilant makes a lot of sense, warns Morningstar's Dave Sekera.

We believe the preponderance of credit spread tightening is likely to have run its course over the near term.

The market's not accounting for attractive growth prospects.