2 Undervalued Stocks That Just Raised Dividends

Plus: 5 Renewable Energy Stocks With a High Yield, 5 Ultracheap Stocks to Buy With the Best Returns on Investment, and Is CrowdStrike Stock a Buy After Earnings? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55250&elqTrackId=4e28b70ef8044137bedd72427eb0aada&elq=ae17a8c424174f95848ecaa72b1e150a&elqaid=55250&elqat=1&elqCampaignId=28055) [Stock Strategist] Stock Strategist June 17, 2024 Good Morning! Here's the rundown of what's happening in the stock market. These days it’s hard to go a week without mentioning Nvidia. Instead, this week, we’ll talk about another chip company that’s seen huge gains. As Morningstar analyst [Will Kerwin notes]( Broadcom posted solid earnings on AI revenues, [and like Nvidia]( (sorry), it now [has a stock split ahead](. Elsewhere this week, we’ve got a number of stock screens. First, we have our monthly look at undervalued stocks that have [just raised dividends](. Also, we look for an [appealing combination]( for investors: stocks that are both ultracheap and are companies with the best returns on investment. Lastly, another notable combo: [renewable energy stocks with high dividend yields](. Investing Events: - Tuesday, June 18: May [Retail Sales]( - Wednesday, June 19: Markets closed in observance of Juneteenth National Independence Day - Friday, June 21: June [Purchasing Managers Index Composite]( Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended June 14: - The Morningstar US Market Index rose 1.40%. - The best-performing sectors were technology, up 5.79%, and real estate, up 1.02%. - The worst-performing sector was energy, down 2.10%. - Yields on 10-year US Treasury notes fell to 4.20% from 4.43% - West Texas Intermediate crude prices rose 3.85% to $78.44 per barrel. - Of the 702 US-listed companies covered by Morningstar, 242, or 34%, were up, 1 was unchanged, and 459, or 65%, were down. Which Stocks Are Up? Broadcom [AVGO]( Skyworks Solutions [SWKS]( Qorvo [QRVO]( Adobe [ADBE]( and KKR [KKR](. Which Stocks Are Down? Celsius Holdings [CELH]( RingCentral [RNG]( Arcadium Lithium [ALTM]( Uniti Group [UNIT]( SunPower [SPWR](. And Don't Miss: - [2 Undervalued Stocks That Just Raised Dividends]( - [5 Ultracheap Stocks to Buy With the Best Returns on Investment]( - [5 Renewable Energy Stocks With a High Yield]( - [After Earnings, Is CrowdStrike Stock a Buy, a Sell, or Fairly Valued?]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [Read More]( Share: [facebook]( [twitter]( [linkedin]( [2 Undervalued Stocks That Just Raised Dividends]( [2 Undervalued Stocks That Just Raised Dividends]( Plus 20 stocks covered by Morningstar that increased their dividends in May. Tom Lauricella [This Undervalued Stock Is a Buy After Its Dividend Increase]( [This Undervalued Stock Is a Buy After Its Dividend Increase]( Dividend stock investors can pick up a 4% yield at a big discount. Kevin Brown [5 Ultracheap Stocks to Buy With the Best Returns on Investment]( [5 Ultracheap Stocks to Buy With the Best Returns on Investment]( These undervalued companies have generated great returns in more ways than one. Susan Dziubinski [5 Renewable Energy Stocks With a High Yield]( [5 Renewable Energy Stocks With a High Yield]( These US stocks are focused on renewable energy and sport a nearly 5% dividend yield. Liz Angeles [After Earnings, Is CrowdStrike Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is CrowdStrike Stock a Buy, a Sell, or Fairly Valued?]( With strong execution but a stretched valuation, here’s Morningstar’s take on CrowdStrike stock. Malik Ahmed Khan [After Earnings, Is Nio Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Nio Stock a Buy, a Sell, or Fairly Valued?]( With weaker revenues and vehicle margins, here Morningstar’s outlook for Nio’s stock. Vincent Sun [After Earnings, Is Lululemon Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Lululemon Stock a Buy, a Sell, or Fairly Valued?]( With flat Americas sales and strong growth in China, here’s our take on Lululemon’s stock. David Swartz [The Most Attractive Investment Opportunities in Oil & Gas]( [The Most Attractive Investment Opportunities in Oil & Gas]( Despite a production cut extension by OPEC, the oil market remains oversupplied. Stephen Ellis [Tesla: Shareholder Vote Reduces Key Person Risk]( [Tesla: Shareholder Vote Reduces Key Person Risk]( We continue to view Tesla stock as slightly undervalued. Seth Goldstein [Apple: Generative AI Strategy Should Drive Sales and Upgrades]( [Apple: Generative AI Strategy Should Drive Sales and Upgrades]( We were pleased with the newly announced Apple Intelligence suite of features. William Kerwin [Stock Investors Have Already Won the Election]( [Stock Investors Have Already Won the Election]( No matter who is president, equities ride a favorable tide. John Rekenthaler [2 Popular Stocks That Top Managers Are Selling]( [2 Popular Stocks That Top Managers Are Selling]( The smart money is scaling back in these names. Should you? Susan Dziubinski [The Best REITs to Buy]( [The Best REITs to Buy]( These seven undervalued real estate stocks pay dividends and trade at attractive prices. Sbidag Demerjian [These 3 Growth Funds Don’t Own Nvidia—and Their Returns Show It]( [These 3 Growth Funds Don’t Own Nvidia—and Their Returns Show It]( Offerings from Capital Group and Calvert are among the growth funds not riding Nvidia’s huge rally. Gabe Alpert [What Does Broadcom’s Stock Split Mean for Investors?]( [What Does Broadcom’s Stock Split Mean for Investors?]( Shares of the chipmaker will carry a fair value estimate of $155 after its 10-for-1 split. Sarah Hansen [The Best Biotech Stocks to Buy]( [The Best Biotech Stocks to Buy]( Thanks to rapid innovation and strong product launches, some biotech stocks look attractive. Tori Brovet [Morningstar's Company Reports]( [Morningstar's Company Reports]( Discover actionable insights today. Get Top Stock Picks and Market Insights Every Week on The Morning Filter. Every Monday morning, Susan Dziubinski sits down with Morningstar Chief U.S. markets strategist Dave Sekera to discuss what's on his radar, new Morningstar research, and stock picks or pans for the week ahead. [Watch Now.](morningstar/streams?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55250) Thanks for reading! Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. 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