![]() That's according to the research firm Morningstar, which compiled a list of 10 stocks that fit the bill - and that investors should buy now. On Friday, investors had one more reason to push it further out after the jobs report showed that employers added 339,000 jobs in May, more than even the most optimistic forecast.Īmid the uncertainty, stock pickers should find names that still offer bargain prices, and that provide consistency in terms of fundamentals and cash flows. The broader S&P 500 logged a 12% gain for the year so far, a mirror image of its 12% loss over the same period in 2022.īut the market is not out of the woods yet, and there are still several reasons to be uncertain about what the next six months will bring.įor one, the start date of the long-expected economic recession seemingly keeps getting postponed. The tech-heavy Nasdaq 100 hit a 52-week high last week, bringing its year-to-date gains to more than 26%. ![]() Investors who own technology stocks are seeing particularly impressive gains, thanks in part to companies that are connected to the boom in artificial intelligence applications. Wells Fargo, Comcast, and Taiwan Semiconductor Holding are among the names.Īt the halfway point of 2023, it's clear that stock market investors are experiencing a reversal of fortunes this year compared to 2022.The research firm picked stocks it considers cheap even after the market's rally.At the halfway point of 2023, Morningstar has updated its list of the best stocks to buy now.Account icon An icon in the shape of a person's head and shoulders. ![]()
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