10 Stocks the Best Fund Managers Have Been Buying

Plus: With a 4% Dividend Yield and Significant Growth Potential, This Stock Is a Buy and Micron Stock Soars With the AI Boom—Is It a Buy or a Sell? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55441&elqTrackId=42a4427a11c743f9a9ff854b52475d87&elq=70add01b104e4c5c91c4aa95ff268a95&elqaid=55441&elqat=1&elqCampaignId=28162) [Stock Strategist] Stock Strategist June 24, 2024 Good Morning! Here's the rundown of what's happening in the stock market. This week, we take a look at some of the market’s big movers: Micron, which is up 69% this year; GE Aerospace, which is up 60%; and CrowdStrike, up 50%. Do Morningstar analysts think these stocks are a buy after these big rallies? We check in with William Kerwin on [Micron]( Nicolas Owens on [GE]( and Malik Ahmed Khan on [CrowdStrike](. We also highlighted five undervalued stocks from Morningstar’s New LGBTQ+ Index. Among the names trading at attractive prices are Eli Lilly and Meta. [Find the rest here](. Lastly, this week we brought back our screen for stocks that Morningstar’s highest rated stock-pickers are buying. We’ve [got 10 stocks]( that are making the buy lists of these top fund managers, including Tesla and Starbucks. Investing Events: - Tuesday, June 25: June Consumer Confidence Survey - Wednesday, June 26: May New Home Sales - Thursday, June 27: May Durable Orders, Earnings from Nike [NKE]( - Friday, June 28: May Personal Income and Outlays, PCE Price Index Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended June 21: - The Morningstar US Market Index rose 0.65%. - The best-performing sectors were consumer cyclical, up 2.15%, and energy, up 1.80%. - The worst-performing sector was utilities, down 0.74%. - Yields on 10-year US Treasury notes rose to 4.25% from 4.20%. - West Texas Intermediate crude prices rose 2.78% to $80.63. - Of the 702 US-listed companies by Morningstar, 477, or 68%, were up, 0 were unchanged, and 225, or 32%, were down. Which Stocks Are Up? Chewy [CHWY]( Spirit AeroSystems Holdings [SPR]( PENN Entertainment [PENN]( Toast [TOST]( Sirius XM Holdings [SIRI](. Which Stocks Are Down? AMC Networks [AMCX]( SolarEdge Technologies [SEDG]( ChargePoint Holdings [CHPT]( Enphase Energy [ENPH]( CRISPR Therapeutics [CRSP](. And Don't Miss: - [US Stocks Beat Predictions Over the Past Decade. Can They Do It Again?]( - [With a 4% Dividend Yield and Significant Growth Potential, This Stock Is a Buy]( - [10 Stocks the Best Fund Managers Have Been Buying]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [10 Stocks the Best Fund Managers Have Been Buying]( [10 Stocks the Best Fund Managers Have Been Buying]( Though the market is having a strong 2024, top investors are still finding undervalued stocks to invest in. Susan Dziubinski [Read More]( Share: [facebook]( [twitter]( [linkedin]( [With a 4% Dividend Yield and Significant Growth Potential, This Stock Is a Buy]( [With a 4% Dividend Yield and Significant Growth Potential, This Stock Is a Buy]( Why this 18% undervalued dividend stock is a top pick in its sector. Andrew Bischof [5 Undervalued Stocks From Morningstar’s New LGBTQ+ Index]( [5 Undervalued Stocks From Morningstar’s New LGBTQ+ Index]( As we celebrate Pride Month, we examine mid- and large-cap companies with the most inclusive LGBTQ+ policies. Quinn Rennell [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 [Micron Stock Soars With the AI Boom—Is It a Buy or a Sell?]( [Micron Stock Soars With the AI Boom—Is It a Buy or a Sell?]( The chipmaker’s stock is up 66% this year, but its business remains cyclical. Leah Breakstone [GE Aerospace Stock Has Skyrocketed 86%. Is It a Buy?]( [GE Aerospace Stock Has Skyrocketed 86%. Is It a Buy?]( A series of strategic spinoffs has left GE a more focused company. Oratile Matome [US Stocks Beat Predictions Over the Past Decade. Can They Do It Again?]( [US Stocks Beat Predictions Over the Past Decade. Can They Do It Again?]( The math behind the market’s surprisingly strong performance. John Rekenthaler [What a Strong Economy Now Means for the Rest of 2024]( [What a Strong Economy Now Means for the Rest of 2024]( What’s next for the bond market, Nvidia, and tech stock dividends? Tom Lauricella, Ivanna Hampton [It’s a Good Year for Stock-Pickers. Here’s Why]( [It’s a Good Year for Stock-Pickers. Here’s Why]( Bank of America’s Savita Subramanian sees a broad swath of opportunities for stock investors. Laura Lallos [2 Undervalued Dividend Stocks the Best Managers Are Buying]( [2 Undervalued Dividend Stocks the Best Managers Are Buying]( Some top concentrated fund managers bought these cheap dividend stocks trading at big discounts. Susan Dziubinski [After Earnings, Is Adobe Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Adobe Stock a Buy, a Sell, or Fairly Valued?]( With clear leadership in AI, here’s what we think of Adobe’s stock. Dan Romanoff [After Earnings, Is Broadcom Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Broadcom Stock a Buy, a Sell, or Fairly Valued?]( With AI sales above expectations and a 10-for-1 stock split, here’s what we think of Broadcom’s stock. William Kerwin [4 Wide-Moat Stocks to Buy for the Long Term While They’re Undervalued Today]( [4 Wide-Moat Stocks to Buy for the Long Term While They’re Undervalued Today]( Plus, we answer questions from ‘The Morning Filter’s’ viewers. David Sekera, Susan Dziubinski [How to Use Small-Cap Stocks in Your Portfolio]( [How to Use Small-Cap Stocks in Your Portfolio]( What you need to know about the advantages and risks of investing in small-cap stocks. Amy Arnott [The Best Cyclical Stocks to Buy]( [The Best Cyclical Stocks to Buy]( These 10 undervalued consumer cyclical stocks look attractive today. Sbidag Demerjian [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=55441) 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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