Best International Companies to Own: 2024 Picks

Plus: Undervalued by 46% and Yielding Almost 7%, This Stock Is a Buy, What Broadening Rally? AI Stocks Dominate Again In Q2 and more. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=55982&elqTrackId=c4f4855a82334eb18ed6b7ab9d13e575&elq=8fbea0ae4049494e853f2f8bd53c12f7&elqaid=55982&elqat=1&elqCampaignId=28446) [Stock Strategist] Stock Strategist July 15, 2024 Good Morning! Here's the rundown of what's happening in the stock market. As we kick off the second half of 2024, Morningstar’s stock analysts are out with their top picks across the market’s sectors. That includes [technology]( [communications service]( and [utilities](. You can find the complete list of sector outlooks and picks, along with all our quarterly reviews and outlook coverage, [here](. That quarterly coverage includes a look back at the stocks that have [led the market higher to start the year]( and examines whether that broadening of the rally that pundits have been calling for is anywhere in sight. Lastly, Morningstar senior equity analyst Dan Wasiolek has [six undervalued sports betting and iGaming stocks]( on his coverage list, including his two top picks from the group, and we update our list of the [10 best companies to invest in now](. Investing Events: - Monday, July 15 Corporate Earnings: BlackRock [BLK]( - Tuesday, July 16 Corporate Earnings: Bank of America [BAC]( UnitedHealth Group [UNH]( PNC Financial Services [PNC]( - Wednesday, July 17 Corporate Earnings: US Bancorp [USB]( Johnson & Johnson [JNJ]( Kinder Morgan [KMI]( - Thursday, July 18 Corporate Earnings: M&T Bank [MTB]( KeyCorp [KEY]( United Airlines Holdings [UAL]( Netflix [NFLX]( - Friday, July 19 Corporate Earnings: Comerica [CMA]( Huntington Bancshares [HBAN]( Fifth Third Bancorp [FITB]( Regions Financial [RF]( Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended July 12: - The Morningstar US Market Index rose 1.12%. - The best-performing sectors were real estate, up 4.54%, and utilities, up 3.93%. - The worst-performing sector was communication services, down 1.85%. - Yields on 10-year US Treasury notes fell to 4.18% from 4.28%. - West Texas Intermediate crude prices fell 1.06% to $82.28 per barrel. - Of the 702 US-listed companies covered by Morningstar, 579, or 82%, were up, 3 were unchanged, and 120, or 17%, were down. Which Stocks Are Up? Sunrun [RUN]( SunPower [SPWR]( Hawaiian Electric Industries [HE]( Uniti Group [UNIT]( SolarEdge Technologies [SEDG](. Which Stocks Are Down? HubSpot [HUBS]( Wingstop [WING]( Chipotle Mexican Grill [CMG]( Meta Platforms [META]( Netflix [NFLX](. And Don't Miss: - [Undervalued by 46% and Yielding Almost 7%, This Stock Is a Buy]( - [3 Smaller-Company Stocks the Best Fund Managers Are Buying]( - [The 10 Best Dividend Stocks]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [Best International Companies to Own: 2024 Edition]( [Best International Companies to Own: 2024 Edition]( These companies from various corners of the globe are well positioned for the future. Emelia Fredlick, Margaret Giles [Read More]( Share: [facebook]( [twitter]( [linkedin]( [SolarEdge Stock Is Down 74% In 2024. Is It a Buy or a Sell?]( [SolarEdge Stock Is Down 74% In 2024. Is It a Buy or a Sell?]( Weakening demand for solar has sent the stock tumbling. Leah Breakstone [Undervalued by 46% and Yielding Almost 7%, This Stock Is a Buy]( [Undervalued by 46% and Yielding Almost 7%, This Stock Is a Buy]( Long-term dividend investors should consider this cheap high-yield name. Here’s why. Suryansh Sharma [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 [3 Smaller-Company Stocks the Best Fund Managers Are Buying]( [3 Smaller-Company Stocks the Best Fund Managers Are Buying]( Put these small- and mid-cap stocks on your watchlist. Susan Dziubinski [Going Into Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?]( Watching companywide operating profit margins, affordability, and full self-driving software updates. Seth Goldstein [Going Into Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( We’ll be watching subscriber growth and details on Netflix’s ad-supported service. Matthew Dolgin [Going Into Earnings, Is Schwab Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Schwab Stock a Buy, a Sell, or Fairly Valued?]( We’ll be watching new client asset inflows, and decrease in high-cost funding. Michael Wong [Why International Investing Makes Sense for Long-Term Investors]( [Why International Investing Makes Sense for Long-Term Investors]( Overseas markets aren’t as risky as they once were. John Rekenthaler [The Best Energy Stocks to Buy Now]( [The Best Energy Stocks to Buy Now]( These five undervalued energy stocks look attractive today. Tori Brovet [The Best Tech Stocks to Buy ]( [The Best Tech Stocks to Buy]( Ten undervalued stocks offer attractive prices in a predominantly overvalued sector. Sbidag Demerjian, Margaret Giles [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [Wells Fargo Earnings: Shares Tumble 6% on Updated Expense Guidance]( [Wells Fargo Earnings: Shares Tumble 6% on Updated Expense Guidance]( We expect operating losses to remain a lingering factor for Wells Fargo stock until regulatory issues are resolved. Suryansh Sharma [JPMorgan Earnings: Higher Rates and One-Time Gains Turbocharge Profits]( [JPMorgan Earnings: Higher Rates and One-Time Gains Turbocharge Profits]( We plan to increase our fair value estimate of JP Morgan’s stock, but the valuation demands caution. Suryansh Sharma [GE HealthCare: Initiating Coverage With Wide Moat, Shares Look Attractive]( [GE HealthCare: Initiating Coverage With Wide Moat, Shares Look Attractive]( The company has a firm footprint in hospitals and health networks worldwide, and it is positioned to benefit from long-term trends. Jay Lee [Markets Brief: Politics Makes a Comeback]( [Markets Brief: Politics Makes a Comeback]( Plus: US small caps recover, rate cut bets increase, and earnings season continues. Dan Kemp [Six Sports Betting and iGaming Stocks Trading at a Discount]( [Six Sports Betting and iGaming Stocks Trading at a Discount]( The stocks have not been performing well over the past year, despite positive revenue projections. Leah Breakstone [4 Predictions for Stocks and the Economy for the Second Half of 2024]( [4 Predictions for Stocks and the Economy for the Second Half of 2024]( Strategists say stocks can keep climbing, but warn that risks to the market outlook are building. Sarah Hansen [What Broadening Rally? AI Stocks Dominate Again In Q2]( [What Broadening Rally? AI Stocks Dominate Again In Q2]( Nvidia, Apple, and other major AI players drove market performance to an even greater degree in the quarter. Bella Albrecht [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=55982) 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. Washington St. Chicago, IL 60602