General Dynamics Corp

We review the changes to the Morningstar Wide Moat Focus Index during the latest reconstitution and reveal the least-expensive names.

This week on the podcast, we look at passive foreign stock funds and Vanguard's LifeStrategy Target Risk Series.

We think these firms will continue to be consistent dividend-payers as the commercial aerospace cycle goes on strong and U.S. defense budgets increase.

The proposal is mostly in line with our expectations, and our valuations haven't changed.

These companies all have multiple moat sources. Does that matter?

Our projection for modest growth in the fiscal 2020 defense budget is now on shakier ground.

We think the midterm elections could provide an investment opportunity as uncertainty rises beforehand.

General Dynamics has a long track record of performing for investors and is one of the cheapest names we cover in the sector.

But we expect a repeat of the 1980s, with a buildup followed by cuts.

These sectors are home to the greatest number of narrow- and wide-moat companies.

Home improvement retailers are on a roll, with Lowe's lagging Home Depot. Plus, opportunity amid legal woes for Fiat Chrysler, and Raytheon looks solid for defense.

Investors are optimistic, but we see many unknowns.

We see the Snapchat parent as overvalued today. Plus, difficulties pinning down defense spending, and Salesforce.com delivers.

Defense is likely to be the clearest beneficiary, with a mixed impact for other sectors.

We expect defense names to move upward over the short- to mid-term and outperform the market.

Defense spending is due to increase regardless of which party is in the White House, but the stocks of most contractors already look pricey.

U.S. defense contractors are well positioned, but there are few bargains to be had today.

The DoD's latest budget request is broadly positive for our defense coverage.

Starting from current valuations, stocks simply aren't capable of delivering double-digit annualized total returns, says Morningstar's Matt Coffina.

Middle East-based airlines provide support for Boeing's wide-body program, and high barriers to entry safeguard the firm's command of the aircraft market.