2 Undervalued Stocks That Just Raised Dividends

Plus: Undervalued by 25%, This Dividend Stock Pick Is an Attractive Long-Term Buy [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=&utm_content=_58480&utm_id=29844&elqTrackId=93a45ba3ba854362afeaea5a55ae6b01&elq=429302251429405b8f4d4ff3b44bbe2d&elqaid=58480&elqat=1&elqCampaignId=29844&elqak=8AF5C615E40907210ABAB13DCBDA3A949567AC33EB9B70211F70A6CD97E51DD9CA4E) [Stock Strategist] Stock Strategist October 14, 2024 Good Morning! Here's the rundown of what's happening in the stock market. We start off this week with a look at a dividend stock that is [trading at a hefty 25% discount]( to Morningstar’s fair value estimate. It’s an industrial name that is facing some near-term headwinds, but Brian Bernard believes it offers an opportunity for long-term investors. Next, we screen the [Morningstar Global Next Generation Artificial Intelligence Index]( for undervalued names. We found 11, a list that includes some of the biggest and best-known tech stocks around. Lastly, we’ve got our monthly screen for cheap stocks that just raised dividends. This time around we’ve got two names that have bumped up their payout by a meaningful amount. [One’s a bank and the other a household name communications company](. Plus, we’ve got a list of 14 more stocks that raised dividends in September but didn’t make it through the rest of the screen. Which Stocks Are Up? Arcadium Lithium [ALTM]( , Uber Technologies [UBER]( Norwegian Cruise Line Holdings [NCLH]( Zscaler [ZS]( Carnival Corporation [CCL]( Which Stocks Are Down? Tesla [TSLA]( Tandem Diabetes Care [TNDM]( Vistra [VST]( Myriad Genetics [MYGN]( Lumen Technologies [LUMN]( For the Trading Week Ended October 11: - The Morningstar US Market Index rose 1.18%. - The best-performing sectors were technology, up 2.73%, and financial services, up 1.85%. - The worst-performing sector was utilities, down 2.27%. - The yield on 10-year US Treasury notes rose to 4.08% from 3.98%. - West Texas Intermediate crude prices rose 0.95% to $75.64 per barrel. - Of the 703 US-listed companies covered by Morningstar, 422, or 60%, were up, five were unchanged, and 281, or 40%, were down. Don't Miss: - [Undervalued by 25%, This Dividend Stock Is an Attractive Long-Term Buy]( - [Why Oil and Energy Stocks Are Confounding Political Expectations]( - [New 4-Star Stocks]( - [Q3 in Review and Q4 2024 Market Outlook]( ADVERTISEMENT [media]( [media] [2 Undervalued Stocks That Just Raised Dividends]( [2 Undervalued Stocks That Just Raised Dividends]( Plus 16 more stocks under Morningstar’s coverage with big dividend increases. Frank Lee [Read More]( Share: [facebook]( [twitter]( [linkedin]( [Undervalued by 25%, This Dividend Stock Is an Attractive Long-Term Buy]( [Undervalued by 25%, This Dividend Stock Is an Attractive Long-Term Buy]( Though this company faces short-term headwinds, its cheap stock and healthy dividend yield are compelling. Brian Bernard [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, Susan Dziubinski [Why Oil and Energy Stocks Are Confounding Political Expectations]( [Why Oil and Energy Stocks Are Confounding Political Expectations]( Politics are not a winning technique for selecting investment themes. John Rekenthaler [The 10 Best Dividend Stocks]( [The 10 Best Dividend Stocks]( These undervalued stocks with reliable dividends are worth considering. Susan Dziubinski [The Stocks That Could Benefit From Falling Interest Rates]( [The Stocks That Could Benefit From Falling Interest Rates]( Research shows small-value stocks have outperformed the market. Larry Swedroe [2 Dirt Cheap Stocks to Buy If You Want to Take a Flier]( [2 Dirt Cheap Stocks to Buy If You Want to Take a Flier]( These companies lack competitive advantages and certainty around their future cash flows. But their stocks are absurdly undervalued today. Susan Dziubinski [New 4-Star Stocks]( [New 4-Star Stocks]( DraftKings and Light & Wonder are among the stocks that fell into undervalued territory. Bella Albrecht [3 Dividend Stocks for October 2024]( [3 Dividend Stocks for October 2024]( These three dividend payers have an average yield of more than 4.5%. David Harrell [After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?]( With a decline in sales but slight margin improvement, here’s what we think of Nike stock. David Swartz [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?]( Watching the incoming CEO’s plans, interest rates, and low-cost sweep deposits, here’s what we think of Schwab’s stock. Michael Wong [Should Emerging-Markets Stocks Stand Alone in Your Portfolio?]( [Should Emerging-Markets Stocks Stand Alone in Your Portfolio?]( And why you should focus on individual businesses when investing in emerging markets. Jessica Bebel [The Stock Market Keeps Breaking Records. What Could Stop the Rally?]( [The Stock Market Keeps Breaking Records. What Could Stop the Rally?]( Investors should keep an eye on earnings. Sarah Hansen [Chinese Stocks Rally, Then Plunge—What Happens Next?]( [Chinese Stocks Rally, Then Plunge—What Happens Next?]( A financial stimulus triggered a short-lived bounce for Chinese equities, and investors hope the government announces new measures. Christopher Johnson [Q3 in Review and Q4 2024 Market Outlook]( [Q3 in Review and Q4 2024 Market Outlook]( Our analysts put Q3′s performance trends for stock sectors, bonds, and funds into perspective, and look ahead with a fresh outlook for the fourth quarter. Tom Lauricella [Recent Company Earnings]( [Recent Company Earnings]( Discover new actionable opportunities today with our earnings coverage and analyst insights. Think Like an Analyst With Morningstar Investor Understand funds and stocks from all angles with Morningstar Investor's powerful—and proven—investment ratings and research. Find and compare securities using our comprehensive valuation and performance metrics and get our continuous, unbiased take on the long-term value of thousands of investment opportunities. Investor is your one-stop shop for making better investment decisions. [Start your free trial today](. 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