2 Undervalued Stocks That Just Raised Dividends

Plus: Is Nvidia a buy after a 15% decline, top-performing dividend stocks and picks from Oakmark’s Nygren. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=57457&elqTrackId=7b1208a20452403a830e15b68a5af148&elq=52fbb90ba88f4539b7dbea2ff8c8a7f0&elqaid=57457&elqat=1&elqCampaignId=29295&elqak=8AF5ADB3C2C44036AE29112D1B09C261F1B93C70713C01FA5B72775C913466B4E7B7) [Smart Investor] Smart Investor [Tom Lauricella, chief markets editor]( Connect with Tom on [LinkedIn]( [Tom Lauricella] In this week's newsletter: - [2 Undervalued Stocks That Just Raised Dividends]( - [10 Top-Performing Dividend Stocks of August]( - [Market Outlook: What Investors Need to Know in September]( - [August Jobs Report: Hiring is Cooling, But ‘No Reason to Panic’]( - [4 Charts on the Rotation Out of Growth and Tech Stocks]( - [Nvidia Stock Is Down 15% Since Earnings. Is It a Buy?]( - [How the Largest US ETFs Performed in August]( - [August’s Best- and Worst-Performing Stocks]( - [5 Value Stock Picks from Oakmark’s Bill Nygren]( With the August jobs report in the rearview mirror, there seems to be little standing in the way of the Federal Reserve cutting interest rates this month, The only question is by how much. Some in the markets took the jobs data as evidence that the Fed will slice the federal-funds rate by half a percentage point, which would be an aggressive move by historical standards. We checked in with Morningstar chief US economist Preston Caldwell on what he made of the jobs report and [what he thinks the Fed will announce on Sept. 18](. Meanwhile, the stock market has been looking decidedly soggy of late. Much of the red has been in the stocks that had led the rally, aka big technology and growth names. We took a look under the hood at the rotation to see [where investors are putting their money](. Perhaps the most high-profile swing has been in Nvidia. Even as the company continues to ride the artificial intelligence wave, some investors apparently think it’s not booming enough, and the stock is down 15% since reporting earnings. After this steep decline, is Nvidia a buy? Here’s what Morningstar’s [Brian Colello has to say](. What’s next for stocks? Morningstar chief US market strategist David Sekera offers his view of the market and [where investors might want to tilt their portfolios](. This week, we also have our monthly market recaps. You can check out our screen for the [best-performing dividend stocks]( the month’s [best and worst stocks]( how the [most widely held ETFs did last month]( and the [best-]( and [worst-performing ETFs](. We also have our monthly screen for [cheap stocks that just raised dividends]( along with a list of the stocks in Morningstar’s coverage list that announced big dividend increased in August. Lastly, Gabe Alpert spoke with Bill Nygren, manager of the top-performing Oakmark Fund. The famed value manager offers up [five stock picks from his portfolio](. That’s it for this week! As always, check out our [Markets page]( for our latest coverage, live stock market updates, and [our weekly calendar]( of key upcoming data and events. [2 Undervalued Stocks That Just Raised Dividends]( [2 Undervalued Stocks That Just Raised Dividends]( Plus 10 more stocks under Morningstar’s coverage with big dividend increases. Tom Lauricella [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] Markets and the Economy [What to Make of the Presidential Candidates’ Economic Plans]( [What to Make of the Presidential Candidates’ Economic Plans]( An agnostic guide to Harris’ and Trump’s proposals on tax cuts, tariffs, and more. John Rekenthaler [10 Top-Performing Dividend Stocks of August 2024]( [10 Top-Performing Dividend Stocks of August 2024]( Altria Group and Oneok are among the month’s high-yielding winners. Bella Albrecht [Market Outlook: Tailwinds Offsetting Headwinds]( [Market Outlook: Tailwinds Offsetting Headwinds]( Following August rebound, US stock market fully valued. David Sekera [August Jobs Report: Hiring Is Cooling, but ‘No Reason to Panic’]( [August Jobs Report: Hiring Is Cooling, but ‘No Reason to Panic’]( Expectations jump for a bigger Fed rate cut in September. Sarah Hansen [Why We Expect the Job Market’s Slowdown to Renew in 2024]( [Why We Expect the Job Market’s Slowdown to Renew in 2024]( Our latest economic forecast for employment growth, wage growth, and labor force participation. Preston Caldwell [Nvidia Stock Is Down 15% Since Earnings. Is It a Buy?]( [Nvidia Stock Is Down 15% Since Earnings. Is It a Buy?]( With increased AI investment and government spending on data centers, here’s what we think of Nvidia stock. Brian Colello [How the Largest US ETFs Performed in August]( [How the Largest US ETFs Performed in August]( Vanguard Developed Markets Index Fund led stock ETF returns while Invesco QQQ Trust lagged. Bella Albrecht [Top-Performing Stock ETFs for the Month]( [Top-Performing Stock ETFs for the Month]( SEI Large Cap Momentum Factor ETF and Pacer Lunt Large Cap Alternator ETF were among the best-performing ETFs in August 2024. Bella Albrecht [Best- and Worst-Performing Stocks of August 2024]( [Best- and Worst-Performing Stocks of August 2024]( Fortinet and Kellanova rank among the best stocks for the month, while the worst include Intel and Moderna. Bella Albrecht [5 Value Stock Picks from Oakmark’s Bill Nygren]( [5 Value Stock Picks from Oakmark’s Bill Nygren]( Citi and Delta are among Nygren’s favored stocks. Gabe Alpert [What Trump’s Proposed Tariffs Would Mean for the Economy]( [What Trump’s Proposed Tariffs Would Mean for the Economy]( We see a low chance that he will implement uniform tax hikes but a higher chance of tariff hikes on China. Preston Caldwell [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?]( With solid comparable sales growth and recent price reductions, here’s what we think of Target stock. Noah Rohr [Best AI Stocks to Buy Now]( [Best AI Stocks to Buy Now]( These stock picks stand to benefit most from developing artificial intelligence technologies. Tori Brovet [Boating Season Is Over, but Don’t Overlook These Recreational Vehicle Stocks ]( [Boating Season Is Over, but Don’t Overlook These Recreational Vehicle Stocks]( Two manufacturers stand out in a beaten-down industry. Margaret Giles [3 Dividend Stocks for September 2024]( [3 Dividend Stocks for September 2024]( We look at the dividend prospects of two narrow-moat companies and a wide-moat biopharma firm. David Harrell [New 4-Star Stocks]( [New 4-Star Stocks]( Koninklijke Philips and SEI Investments are among the stocks that fell into undervalued territory. Bella Albrecht [China Tech Stocks: Investor Fears Could Bring Opportunity]( [China Tech Stocks: Investor Fears Could Bring Opportunity]( China’s past performance has painted a bleak picture of the future that may not be accurate. Danny Noonan [Why More Target-Date Funds Are Underweighting US Stocks Today]( [Why More Target-Date Funds Are Underweighting US Stocks Today]( For funds from Vanguard, Fidelity, and others, home bias has nearly vanished. Jason Kephart, Indira Fisher [How to Use Large-Cap Stocks in a Portfolio]( [How to Use Large-Cap Stocks in a Portfolio]( A look at the benefits and risks of these investments, plus our favorite options. Amy Arnott, Margaret Giles Chart of the Week [4 Charts on the Rotation Out of Growth and Tech Stocks]( [4 Charts on the Rotation Out of Growth and Tech Stocks]( Value stocks among financials, healthcare and consumer defensive sectors are supporting the market. Bella Albrecht, Gabe Alpert [See More]( Share: [facebook]( [twitter]( [linkedin]( Recent Earnings [Broadcom: AI Growth and VMware Integration Align With Our Thesis Valuation]( [Zscaler: Weak Outlook for Fiscal 2025 Doesn’t Diminish Our Long-Term View]( [MongoDB: Shares Approaching Our Fair Value Estimate as Management Ups Their Guidance]( [Lululemon: Near-Term Outlook Dims, but Profitability and Underlying Brand Strength Hold]( [Recent Company Earnings]( Discover actionable opportunities today with our earnings coverage and analyst insights. What are the secrets to a healthy, happy, and wealthy retirement? Find out with Christine Benz's new book, "How to Retire". 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