Undervalued by 44%, This Stock Is a Buy for Long-Term Investors

Plus: 10 Top Stock Picks of the Best Fund Managers and Lumen Stock Has Been on a Wild Ride. Is It a Buy? [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=56854&elqTrackId=13cfa42b4d9345568b7b6a8c0e1b85a3&elq=6376805edd6b49c69cd4fd73874a3a5d&elqaid=56854&elqat=1&elqCampaignId=28984&elqak=8AF51CAB9D1E82D6122A18BB1A463B4E5047757EDE931045D71E5B70EFFDC8D51516) [Stock Strategist] Stock Strategist August 19, 2024 Good Morning! If you’re looking for stock that has been on a wild ride, we’ve got a name for you: Lumen Technologies. Earlier this summer, the fiber network company was seen as possibly heading to bankruptcy. Now the stock has quintupled and joined the ranks of artificial intelligence plays. What’s been happening? [Should you buy into it?]( This past week, we also looked back at earnings season and screened for companies that are both undervalued and knocked it out of the park with their results. [Bella Albrecht has five](. We also screened for cheap stocks that have come out with new increases in their dividends. This month, we found [four names that fit the bill](. Lastly this week, we’ve got another stock that is deeply undervalued and not for the faint of heart. It’s a gas company, but it’s also an indirect artificial intelligence play. And it's trading at a 44% discount. [Check out the story here](. Which Stocks Are Up? Groupon [GRPN]( Dell Technologies [DELL]( Five Below [FIVE]( Fastly [FSLY]( Deere & Company [DE]( Which Stocks Are Down? Hawaiian Electric Industries [HE]( Compass Minerals International [CMP]( Grupo Televisa [TV]( Guardant Health [GH]( Core Laboratories [CLB]( Investing Events: - Monday, August 19: July. [Leading Indicators]( - Tuesday, August 20: Earnings from Lowe’s Companies [LOW](. - Wednesday, August 21: [Minutes]( from the August Federal Open Market Committee Meeting, earnings from Macy’s [M]( Target [TGT]( and Snowflake [Snow](. - Thursday, August 22: [Initial Unemployment Insurance Claims]( report for the week ended Aug. 17, earnings from Baidu [BIDU]( Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended August 16: - The Morningstar US Market Index was up 3.85%. - The best-performing sectors were technology, up 6.88%, and consumer cyclical, up 4.77%. - The worst-performing sector was real estate, up 0.16%. - Yields on 10-year US Treasury notes fell to 3.89% from 3.94%. - West Texas Intermediate crude prices fell 1.97% to $76.74 per barrel. - Of the 701 US-listed companies covered by Morningstar, 593, or 85%, were up, and 105, or 15%, were down. And Don't Miss: - [Undervalued by 44%, This Stock Is a Buy for Long-Term Investors]( - [Lumen Stock Has Been on a Wild Ride. Is It a Buy?]( - [The Best REITs to Buy]( - [5 Undervalued Stocks That Crushed Earnings]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [Undervalued by 44%, This Stock Is a Buy for Long-Term Investors]( [Undervalued by 44%, This Stock Is a Buy for Long-Term Investors]( This company possesses multiple growth drivers—and its stock looks cheap, too. Stephen Ellis [Read More]( Share: [facebook]( [twitter]( [linkedin]( [5 Undervalued Stocks That Crushed Earnings]( [5 Undervalued Stocks That Crushed Earnings]( Names like Sony and GSK are still cheap despite impressive earnings beats for Q2 2024. Bella Albrecht [Lumen Stock Has Been on a Wild Ride. Is It a Buy?]( [Lumen Stock Has Been on a Wild Ride. Is It a Buy?]( Bankruptcy fears have faded thanks to deals with Microsoft and others. Tom Lauricella [Where to Invest During the Stock Market Rotation]( [Where to Invest During the Stock Market Rotation]( Strategists point to utilities, industrials, and energy, but the jury is out on small caps. Sarah Hansen [What’s Behind Starbucks’ Best Trading Day Ever]( [What’s Behind Starbucks’ Best Trading Day Ever]( How a simple change reversed negative market sentiment. Danny Noonan [After Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( While we are bullish on Lilly’s sales prospects, the market may be overly optimistic. Damien Conover [After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( With robust growth in US commercial and government sectors and success with AIP driving customer conversions, here’s what we think of Palantir stock. Malik Ahmed Khan [4 Undervalued Stocks That Just Raised Dividends]( [4 Undervalued Stocks That Just Raised Dividends]( Citigroup and Kenvue are among cheap stocks lifting their dividend payouts. Tom Lauricella [Why We Think Disney Stock Is a Buy]( [Why We Think Disney Stock Is a Buy]( With disappointing growth in Experiences and the streaming business getting stronger, here’s what we think of Disney stock. Matthew Dolgin [It’s Not Just Warren Buffett; We Also Think Ulta Beauty Is a Buy]( [It’s Not Just Warren Buffett; We Also Think Ulta Beauty Is a Buy]( While Ulta’s stock has taken a hit amid competitive pressures, here’s why Morningstar sees it as a strong investment opportunity. David Swartz [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s New 13F Filing Release]( [3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s New 13F Filing Release]( Plus, what Berkshire bought and sold last quarter and why Buffett might’ve sold so much Apple stock. Susan Dziubinski [The Best REITs to Buy]( [The Best REITs to Buy]( These six undervalued real estate stocks pay dividends and trade at attractive prices. Sbidag Demerjian, Margaret Giles [Berkshire Adds Ulta Beauty and Heico, Exits Snowflake and Paramount]( [Berkshire Adds Ulta Beauty and Heico, Exits Snowflake and Paramount]( The firm has also trimmed Chevron and Capital One. Greggory Warren [Where to Find Value in Japanese Stocks]( [Where to Find Value in Japanese Stocks]( Matthews Japan manager explains why corporate profit growth and valuation remain compelling, despite the recent collapse. Leslie Norton [10 Top Stock Picks of the Best Fund Managers]( [10 Top Stock Picks of the Best Fund Managers]( Managers of highly rated funds own these names, but are these stocks to buy today? Susan Dziubinski [8 Stock Picks in the Apparel Industry]( [8 Stock Picks in the Apparel Industry]( The industry has struggled to find any consistency, but there are attractive long-term opportunities. David Swartz [These Major Companies Aren’t Worried About Election Outcomes]( [These Major Companies Aren’t Worried About Election Outcomes]( While consumers are becoming more discerning about the future, many companies are doing the exact opposite. Danny Noonan [2 Tasty Restaurant Stocks Trading at a Discount]( [2 Tasty Restaurant Stocks Trading at a Discount]( Restaurants have struggled, but these undervalued stocks are well-positioned for a tough environment. Oratile Matome [Recent Company Earnings]( [Recent Company Earnings]( Discover new actionable opportunities today with our earnings coverage and analyst insights. 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=56854) 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