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Morningstar Quarterly Market Summary Replies |
HenryTo
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Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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 Posted: Wed Jul 01, 2009 9:13 pm Post subject: |
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Morningstar's market outlook for 3Q 2009. The outlook also covers the individual Morningstar sectors in detail - it is a must-read:
http://news.morningstar.com/articlenet/article.aspx?id=296157
| Quote: | It's worth noting that the health-care sector has the lowest P/FV sector ratio and also saw the lowest increase in the P/FV ratio in the second quarter. We still think there is a lot of value to be had in that area. But wide-moat, 5-star stocks can be found in some of the relatively expensive sectors as well. Happy hunting!
Click for our latest insights on the following sectors, plus industry-by-industry valuation data and our top picks in each group.
Banks
Bank stocks have staged a comeback--but aren't home free yet.
Basic Materials
Companies scramble to de-lever in a sour economy. China to the rescue?
Business & Financial Services
The business and financial services sector contains both stalwarts and the highly exposed.
Consumer
Can there be green shoots without consumer spending?
Energy
Energy firms take full advantage of market-driven opportunities in the second quarter.
Health Care
The health-care sector is in the waiting room.
Industrials
Operating conditions in the industrial sector are showing signs of mending.
Media & Telecom
Media and telecom offer some pockets of stability, but few signs of an economic rebound.
Technology
We believe cloud computing will be a hugely disruptive trend for the entire enterprise IT market.
Utilities
Falling demand, rising interest rates, and inflation could crimp utilities. |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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| Posted: Wed Jul 01, 2009 9:08 pm Post subject: |
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Morningstar's 2Q 2009 review - broken down by size, style, and sector:
http://news.morningstar.com/articlenet/article.aspx?id=297019#
| Quote: | | Overall, Morningstar's entire coverage universe is about 8% undervalued as of June 29, meaning the market isn't a distinct bargain, according to our Market Valuation Graph. However, within that universe, we think that wide-moat stocks are around 22% undervalued. |
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HenryTo
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Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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| Posted: Sat Mar 28, 2009 2:22 pm Post subject: |
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Morningstar's market outlook for the rest of 2009. The outlook also covers the individual Morningstar sectors in detail - it is a must-read:
http://news.morningstar.com/articlenet/article.aspx?id=284875
| Quote: | Banks
Given the extremely challenging and uncertain macro outlook, we think investors should stick to the high ground in this space.
Basic Materials
Weak demand abounds, with some pockets of strength and a few surprising outcomes.
Business & Financial Services
Our near-term outlook for the business and financial services industries we cover is negative in any kind of absolute sense, but we think this kind of environment demonstrates the power of economic moats.
Consumer
The best investments in the consumer goods and services sector are concentrated among companies that sell necessities--i.e., traditional supermarkets and consumer packaged goods firms.
Energy
You'd think the energy industry might be numb to bad news by now, but unfortunately the bad news kept coming in the first quarter.
Health Care
Health-care reform proposals and the 2010 budget wreaked havoc across the health-care sector, while a second news wave brought word of mega-mergers. Get our take on the regulation worries and what other deals could be next.
Industrials
The near-term may be dim, but as demand eventually picks back up, we think the machinery, transportation, and materials necessary to support infrastructure projects will strongly benefit.
Media & Telecom
Last quarter we highlighted the extreme divergence between the good and the bad within the media and telecom sector, and things have only gotten worse for weaker firms over the past three months.
Tech
The technology supply chain, from chips to hard drives, has done an admirable job of taking out production capacity in the last few months. As a result, inventory destocking has run its course for now.
Utilities
Financing, demand, and fuel price concerns have besieged the utilities sector. But as credit markets stabilize and the economy recovers, we could see more-attractive opportunities emerge among some of our top merchant and regulated utilities. |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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| Posted: Tue Jul 01, 2008 3:06 pm Post subject: |
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Morningstar on the outlook of the consumer staples and consumer discretionary sectors. Believes the discount stores and the counter-cyclical alcholic berverage industry are fairly valued - and suggests looking at names that have been beaten down by near-term macroeconomic forces:
http://news.morningstar.com/articlenet/article.aspx?id=241659 |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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| Back to top |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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| Back to top |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 9320
Location: Houston, Texas & Los Angeles, California
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