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Some Wide Moat Values Still Available

Not all stocks charged back into fairly valued territory after October's rally.

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After a tough third quarter, October was a good month for stocks. Over the trailing four weeks ending Oct. 30, the major indexes gained 8%-9%, perhaps putting a crimp in bargain-hunters' plans. (But even a month ago, when trailing three-month returns were much worse, it was hard to say the market as a whole was cheap.)

Indeed, after the dust settled, the median stock in Morningstar's coverage universe is still close to fairly valued, at 0.96 as of Oct. 30. But not all stocks have shot back into fairly valued territory. There are some remaining pockets of opportunity among specific firms.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.