Europe leads the way in combining fixed-line and wireless telephony, broadband, and pay TV.
Containers, coal, crude, and codes are investors' current concerns.
Regulators' likely demands on the Ball-Rexam deal would undermine industry economics.
The latest Open Internet Order won't magically level the playing field.
Winding down Fannie and Freddie would be the biggest change to the financial system in half a century, and some banks are better positioned to succeed.
Next-generation point-solution providers lead the pack, but legacy vendors could turn to M&A to catch up in analytics.
Cost advantages and network effects work in their favor.
Technological adaptation and moderating revenue growth will characterize the next stage for Indian IT services firms.
Many of these misunderstood firms are currently undervalued.
Oil prices are likely to rebound from here, but robust U.S. supply will ultimately cap upside.
Examining the impact of abundant low-cost supply--and uncertainty in global oil markets--on the domestic natural gas complex.
Consulting offers the most advantage in this huge, fragmented market.
We see attractive growth opportunities for the ophthalmology market.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
Morningstar's Dan Werner and Jim Sinegal see a move toward digital and direct channels.
The private exchange business could widen Aon's and Marsh's moats.
Private exchanges could offer growth catalysts but face challenges, writes Morningstar's Vincent Lui in Part 1 of a series.
We think it will hold up well against the threats of challenger banks and digital banking.
The faltering Chinese real estate market hit iron ore first. Copper is next.
Valuations are rich, but sector finances and growth are super strong.
After being stuck on the runway for more than two years, demand is looking up.
A windfall to Baker Hughes' shareholders, the deal should create a formidable force in oil services.
Expansion into underpenetrated markets could increase brand awareness and pricing.
Our favorites can do well even with potentially higher interest rates.
The situation is complex, but ultimately we think investors shouldn't be overly concerned.
We see upside for Kinder and an exit strategy for other master limited partnerships.
They would eliminate a key competitive advantage, but aren't necessarily a death knell.
We prefer the yield, stability, and growth prospects of the triple-net structure over RIDEA.
This structurally attractive and generally misunderstood industry offers investors opportunities in a fairly valued market.
Attractive growth opportunities can't cover up nosebleed valuations.
Industry dynamics are shifting in the wake of Zimmer's Biomet acquisition.
Why we see it as today's most attractive trust bank.
O'Reilly and Advance have expanded their store bases through acquisitions and organic growth, enhancing their cost advantages.
Rockwood and SQM could see opportunities to invest in their moats, but we still expect lithium price pressure.
Apparel manufacturers are solidifying their brand identities and cost efficiencies to build moats.
The dealers are the only auto sector we cover in which all firms enjoy an economic moat.
Several oil names could greatly benefit from soaring Gulf differentials, but one company remains our favorite.
Vulnerability is growing at a handful of banks.
Given its improving key operating and financial metrics compared with Chevron, we think Exxon is the better play.
Regulators and investors continue to focus on regulatory capital ratios rather than unweighted leverage ratios.
The top contract research organizations have opportunities to gain share in a rapidly growing industry.
We have modestly reduced the fair value estimates for our covered oil sands producers; CNRL remains a Best Idea.
Cleaning up the once-unfixable Pemex through energy reforms means growth for oil services.
Although ag machinery manufacturers may reap weaker 2014 results, we think Deere's narrow moat is intact.
These two moaty game developers have the established franchises and financial resources to benefit from the console cycle.
With fewer M&A opportunities, we think industry buyback activity will increase through 2017.
We like 3-D printer firms' growth fundamentals, but current valuations limit long-term investor returns.
Poor investment performance and rising interest rates have exposed weaknesses in several asset managers.
Railroads bolstered our confidence in the persistence of excess returns via solid performance through the recent recession and coal weakness.
Despite their near-term challenges, we still see upside.