33 Undervalued Stocks for the Fourth Quarter
Here are our analysts' top ideas in each sector.
Our Picks
Mentioned: VMware Inc (VMW)
, Anheuser-Busch InBev SA/NV (BUD)
, Pebblebrook Hotel Trust (PEB)
, Facebook Inc (FB)
, Palo Alto Networks Inc (PANW)
, Coty Inc (COTY)
, HD Supply Holdings Inc (HDS)
, Herc Holdings Inc (HRI)
, Fox Corp (FOXA)
, Raytheon Technologies Corp (RTX)
Despite a challenging September, the S&P 500 continued its upward march in the third quarter, rising almost 9%. We think stocks overall are about fairly valued.
"However, the broad market-cap-weighted valuation is upwardly skewed by several significantly overvalued mega-cap stocks," observes Dave Sekera, Morningstar's chief U.S. markets strategist in North America. More than a third of the stocks we cover are trading at 4- and 5-star levels, suggesting they’re undervalued.
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Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.