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33 Undervalued Stock Picks for Q3: Morningstar

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Related: 33 Undervalued Stock Picks for 2021: Morningstar

Morningstar considers stocks slightly overpriced today. The median stock in the firm’s North American coverage universe trades at a 4% premium to its fair value estimate, Susan Dziubinski, director of content for, wrote in a recent blog post.

U.S. stocks rose 8.4% in the second quarter, as measured by the Morningstar US Market Index

Less than 12% of the stocks the firm covers have Morningstar Ratings of four or five stars, she said, citing the latest stock market outlook of Dave Sekera, Morningstar’s chief U.S. market strategist.

“While we expect strong economic growth to last well into 2023, we think the markets have overextrapolated earnings growth too far into the future,” Sekera said.

See the gallery for 33 specific undervalued stocks across 11 sectors, according to Morningstar analysts.

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