Morningstar’s 33 Undervalued Stocks

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33 Undervalued Stocks for Q3 2023, according to Morningstar

Here’s the list of Morningstar’s top underpriced stock picks for the third quarter of 2023.

  1. Albemarle ALB
  2. Berkshire Hathaway BRK.B
  3. Blackstone BX
  4. Citigroup C
  5. Cognizant Technology Solutions CTSH
  6. Conagra Brands CAG
  7. Corteva CTVA
  8. Curaleaf CURLF
  9. Dover DOV
  10. Dow DOW
  11. Duke Energy DUK
  12. Entergy ETR
  13. Federal Realty Investment Trust FRT
  14. Hanesbrands HBI
  15. HF Sinclair DINO
  16. Illumina ILMN
  17. Jacobs Solutions J
  18. Kraft Heinz KHC
  19. Moderna Therapeutics MRNA
  20. NiSource NI
  21. Park Hotels & Resorts PK
  22. Pinterest PINS
  23. Salesforce CRM
  24. SLB SLB
  25. Stericycle SRCL
  26. Teradyne TER
  27. TC Energy TRP
  28. Tyson Foods TSN
  29. VF VFC
  30. Ventas VTR
  31. Verizon Communications VZ
  32. Walt Disney DIS
  33. Zimmer Biomet ZBH

Source:  https://www.morningstar.com/stocks/33-undervalued-stocks-2

Stock picker factors:

  • Stock price is cheap relative to intrinsic value,
  • Company pays investor to wait
  • Company ability to repurchase stock at a reasonable price
  • Stock must be cheaply price (ROE, ROIC, P/E, P/Sales, P/FCF)
  • Buy something at three-time cash flow and five percent dividend yield.

Source:  https://www.morningstar.com/stocks/33-undervalued-stocks-2

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