Hellow guys, Welcome to my website, and you are watching 2 of the Best Undervalued Stocks to Buy in a Top-Performing Sector. and this vIdeo is uploaded by Morningstar, Inc. at 2024-07-16T02:00:49-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | 2 of the Best Undervalued Stocks to Buy in a Top-Performing Sector |
| Video Uploader | Video From Morningstar, Inc. |
| Upload Date | This Video Uploaded At 16-07-2024 09:00:49 |
| Video Discription | #Morningstar, #TechStocks, #StockInvesting These overlooked stocks in a hot sector may not fly under the radar for much longer. 00:00 Introduction 00:28 Fortinet FTNT 01:12 STMicroelectronics STM Susan Dziubinski: I’m Susan Dziubinski with Morningstar. Large-cap technology stocks—particularly those perceived as being the best plays on artificial intelligence—have led the market this year. So it’s no surprise that heading into the second half of 2024, the tech sector looks overvalued. But that doesn’t mean there aren’t any opportunities left in the tech sector. Today we’re looking at two undervalued technology stocks that are top picks among Morningstar’s analysts at the start of the third quarter. The first best undervalued tech stock to buy is Fortinet FTNT. Fortinet is a leader in cybersecurity, offering solutions from network security firewalls to security operations. Morningstar expects the company to benefit from growing security needs and vendor consolidation, as cyber threats become more complex and enterprises seek comprehensive security platforms over isolated point solutions. Morningstar thinks the company has carved out a wide economic moat, thanks primarily to high customer switching costs. We forecast Fortinet’s revenue growing at a 14% compound annual growth rate over the next five years. We think Fortinet stock is worth $77 per share. The other best undervalued tech stock to buy is STMicroelectronics STM. ST is one of Europe’s largest chipmakers and holds one of the broadest product portfolios in the industry. Morningstar thinks the company has carved out a narrow moat, thanks to intangible assets stemming from its design expertise and customer switching costs. Morningstar expects significant industrial weakness and a sluggish first half of 2024 in automotive chip revenue, but we anticipate a recovery in 2025. Longer term, Morningstar models average annual midcycle growth of 5%. We think ST stock is worth $60 per share. To find more stocks to research, subscribe to Morningstar’s channel or visit Morningstar.com. Morningstar strategist Brian Colello and analyst Malik Ahmed Khan provided the research behind this segment. What to watch from Morningstar. 3 Smaller Company Stocks the Best Fund Managers Are Buying https://youtu.be/kjzpXRu-CYg?si=9R24d3AC3QmRDv89 3 Stocks to Buy This Summer While They’re Seriously Undervalued https://youtu.be/FGK2VN9tXtQ?si=QqAHsaMoJtLsnDsU 3 International Stocks the Best Managers Have Been Buying https://youtu.be/8rS2DhFrvGg?si=aomWqZwfzTrX06lo 2 Undervalued Dividend Stocks the Best Managers Are Buying https://youtu.be/v5ov4hvN-tw?si=FBQt_0rfPSYUdjxB Read what our team is writing. Susan Dziubinski https://www.morningstar.com/people/susan-dziubinski Follow us on social. Facebook: https://www.facebook.com/MorningstarInc/ X: https://x.com/MorningstarInc Instagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/ |
| Category | News & Politics |
| Tags | morningstar | investing | stocks | funds | etfs |
