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Advertisement Morningstar brands and products Company * Portfolio * Tools * Sections * Markets * Funds * ETFs * Stocks * Bonds * Investing Ideas * Home * Tools * Portfolio * Watchlists * Screener * Chart * Rating Changes * Sections * Markets * Funds * ETFs * Stocks * Bonds * Investing Ideas * Help * What’s New * Products for Investors * All Products and Services MORNINGSTAR.COM MARKETS * DJIA 43,780 +371.12 (0.85%) * S&P 500 5,931 +14.18 (0.24%) * NASDAQ 18,890 −75.75 (0.40%) * Morningstar US Market +54.14 (0.37%) * Morningstar Wide Moat Focus +112.47 (0.78%) * Morningstar Global Markets +7.55 (0.21%) US MARKET BAROMETER Markets Style Box +1.00 +0.47 +1.70 Large +1.04 +1.25 +1.29 Mid +1.47 +1.19 +1.51 Small Value Core Growth MARKET MOVERS View All Gainers Losers Actives * Snowflake $172.10 SNOW +$42.96 (33.27%) * Universal Technical Institute $24.16 UTI +$4.25 (21.35%) * MongoDB $326.08 MDB +$44.26 (15.71%) * Amer Sports $23.53 AS +$2.59 (12.37%) * VNET Group $4.20 VNET +$0.45 (12.00%) Nov 21, 2024 6:07am FEATURED HOW TO MANAGE CAPITAL GAINS DISTRIBUTIONS IN 2024 Determine which strategy for handling capital gains distributions is right for you. Christine Benz and Susan Dziubinski RAISING FAIR VALUE FOR NVIDIA STOCK AFTER OUTSTANDING EARNINGS Brian Colello, CPA UNDERVALUED BY 35%, THIS WIDE-MOAT STOCK IS A BUY Grant Slade, CFA MORNINGSTAR’S GUIDE TO ACTIVE ETFS Sponsored by Invesco ARE ACTIVE ETFS TRULY MORE TAX-EFFICIENT? It’s still early, but the answer is emphatically yes. Stephen Welch 2024 HAS BEEN A BREAKOUT YEAR FOR ACTIVE ETFS Stephen Welch 3 GREAT ACTIVE ETFS FOR STOCK INVESTORS Bryan Armour THE BEST ACTIVE ETFS TO BUY Susan Dziubinski MORE FEATURED THE BEST VANGUARD FUNDS Tori Brovet THE FED IS CUTTING INTEREST RATES. WHY IS CONSUMER BORROWING STILL SO EXPENSIVE? Sarah Hansen WHAT I LEARNED FROM JOHN REKENTHALER Jeffrey Ptak, CFA * RECOMMENDED * 3 Buffett Stocks to Buy * 10 Best Dividend Stocks * 10 Best Companies to Invest in Now * Best 529 Plans * Portfolio Basics * The Easiest Path to $1 Million * 33 Undervalued Stocks * A Road Map for Retirees * An Investing Guide for Every Life Stage * Morningstar’s Tax Guide and IRA Resources COMPANY EARNINGS More * RAISING FAIR VALUE FOR NVIDIA STOCK AFTER OUTSTANDING EARNINGS Brian Colello, CPA Nov 20, 2024 * TARGET EARNINGS: STOCK CRATERS AMID WEAK DEMAND FOR DISCRETIONARY ITEMS, FURTHER MARGIN PRESSURE Noah Rohr Nov 20, 2024 * AFTER EARNINGS, IS HOME DEPOT STOCK A BUY, A SELL, OR FAIRLY VALUED? Jaime M. Katz, CFA Nov 20, 2024 * LOWE’S EARNINGS: RESULTS WEIGHED DOWN BY WEAK DIY SPENDING BUT BOLSTERED BY PRO MOMENTUM Jaime M. Katz, CFA and Taylor Wilson Nov 19, 2024 * WALMART EARNINGS: DIGITAL FULFILLMENT OPTIONS AND ATTRACTIVE PRICES DRIVE MARKET SHARE WINS Noah Rohr Nov 19, 2024 * 5 STOCKS TO BUY WHILE THEY’RE STILL CHEAP AFTER EARNINGS David Sekera, CFA and Susan Dziubinski Nov 18, 2024 * APPLIED MATERIALS EARNINGS: GOOD RESULTS AND GUIDANCE AGREES WITH OUR UPBEAT OUTLOOK FOR FISCAL 2025 William Kerwin, CFA Nov 15, 2024 * AFTER EARNINGS, IS COINBASE STOCK A BUY, A SELL, OR FAIRLY VALUED? Michael Miller, CFA Nov 15, 2024 * BERKSHIRE HATHAWAY 13F: ADDS DOMINO’S, REDUCES APPLE, BOFA Greggory Warren, CFA Nov 15, 2024 * DISNEY EARNINGS: STREAMING STRENGTH AND OUTLOOK UNDERPIN GREATER ENTHUSIASM Matthew Dolgin, CFA Nov 14, 2024 * OCCIDENTAL EARNINGS: SOLID RESULTS AND CROWNROCK INTEGRATION UPDATE Joshua Aguilar and Francis Petropoulos Nov 14, 2024 * CISCO EARNINGS: WE SEE HEALTHY DEMAND IN FISCAL 2025, BUT SHARES REFLECT AGGRESSIVE AI EXPECTATIONS William Kerwin, CFA Nov 14, 2024 * AFTER EARNINGS, IS ALBEMARLE STOCK A BUY, A SELL, OR FAIRLY VALUED? Seth Goldstein, CFA Nov 14, 2024 * GOING INTO EARNINGS, IS NVIDIA STOCK A BUY, A SELL, OR FAIRLY VALUED? Brian Colello, CPA Nov 14, 2024 * AFTER EARNINGS, IS BERKSHIRE STOCK A BUY, A SELL, OR FAIRLY VALUED? Greggory Warren, CFA Nov 13, 2024 FUNDS View All 3 GREAT CONTRARIAN ETFS Good ways to go against the grain. Ryan Jackson CAN LEVERAGED ETFS BENEFIT YOUR PORTFOLIO? Lan Anh Tran THE BEST VANGUARD FUNDS Tori Brovet STOCKS View All BEST AI STOCKS TO BUY NOW These stock picks stand to benefit most from developing artificial intelligence technologies. Tori Brovet and Susan Dziubinski THE BEST TECH STOCKS TO BUY Jack Armanini 5 STOCKS TO BUY WHILE THEY’RE STILL CHEAP AFTER EARNINGS David Sekera, CFA and Susan Dziubinski BONDS View All STOCK FUNDS FLOUNDERED IN OCTOBER, WITH INVESTORS OPTING FOR BOND FUNDS AND ALTERNATIVES Economic and political uncertainty likely shaped October’s fund flows as investors gravitated toward safety. Adam Sabban and Ryan Jackson WHY INVESTORS NEED TO THINK ABOUT GEOGRAPHY WHEN BUILDING A MUNI PORTFOLIO Jessica Bebel POSTELECTION DEFICIT CONCERNS FUEL JUMP IN BOND YIELDS Gabe Alpert * MORE SECTIONS * Markets * Portfolio Construction * Economy * Sustainable Investing * Personal Finance * Retirement * For Advisors * Alternative Investments GET THE BEST OF MORNINGSTAR STRAIGHT TO YOUR INBOX Start your day with the latest market news curated by Morningstar’s editors. Subscribe View More MARKET INSIGHTS View All HOW THE US PRESIDENTIAL ELECTION AFFECTED INVESTORS IN 2024 Key insights on market sentiment and investment strategies from our 2024 surveys. Joe Agostinelli, David Sekera, CFA, Preston Caldwell, and Erin Lash, CFA THE FED IS CUTTING INTEREST RATES. WHY IS CONSUMER BORROWING STILL SO EXPENSIVE? Sarah Hansen MARKET NEWS View All * I'm 54, but my wife is already 63. Can she claim on my Social Security record as a spouse? MarketWatch Nov 21, 2024 6:09am * Correction to Leading Index Headline Global News Select Nov 21, 2024 6:08am * Oil prices near 2-week high on further escalation in Russia-Ukraine missile exchange MarketWatch Nov 21, 2024 6:06am * Trending: Nvidia Delivers 3Q Sales Beat, Provides 4Q Sales Outlook Global News Select Nov 21, 2024 5:58am * Economy on track to keep growing despite eighth straight decline in key gauge MarketWatch Nov 21, 2024 5:53am MARKET CALENDAR View All Earnings Economic Releases Splits * Nov 21 Koc Holding AS ADR KHOLY * Nov 21 Geospace Technologies Corp GEOS * Nov 21 KE Holdings Inc ADR BEKE * Nov 21 GreenTree Hospitality Group Ltd ADR GHG * Nov 21 Atkore Inc ATKR COMPANY REPORTS View All * IVZ Invesco Ltd IMPROVED EQUITY AND CREDIT MARKETS SHOULD LIFT INVESCO’S FLOWS AND PROFITABILITY Greggory Warren, CFA Nov 21, 2024 Rating Price $17.41 Fair Value $93.00 Uncertainty High Economic Moat Wgrn Capital Allocation Wbwzshq Read Analysis * 7936 ASICS Corp ASICS’ MIDTERM PLAN: FAIR VALUE ESTIMATE UP AS NEAR-TERM OUTLOOK IMPROVES Ivan Su Nov 21, 2024 Rating Price ¥2,901.00 Fair Value ¥5,973.00 Uncertainty High Economic Moat Jks Capital Allocation Nnnjsyvh Read Analysis * GIL Gildan Activewear Inc GILDAN’S SUPPLY CHAIN INVESTMENTS HAVE BROUGHT A COST ADVANTAGE IN PRINTWEAR David Swartz Nov 21, 2024 Rating Price $49.01 Fair Value $66.00 Uncertainty Medium Economic Moat Pxdjpt Capital Allocation Pbshwlqm Read Analysis * SOI Soitec SA Share From reverse split SOITEC MEETS HALF-YEAR OUTLOOK ON ITS WAY TO A FLATTISH 2025 Javier Correonero Nov 21, 2024 Rating Price €63.50 Fair Value €547.00 Uncertainty High Economic Moat Htjtyv Capital Allocation Zlwswmyc Read Analysis * WIX Wix.com Ltd WIX IS THE LEADER IN THE SAAS CMS WEBSITE BUILDING MARKET Rob Hales, CFA Nov 21, 2024 Rating Price $210.27 Fair Value $844.00 Uncertainty High Economic Moat Wwcsbzx Capital Allocation Srhxvdpn Read Analysis * WSM Williams-Sonoma Inc WILLIAMS-SONOMA OFFENSIVE PLAYBOOK SCORES WELL WITH CONSUMERS, ELEVATING PROFITABILITY Jaime M. Katz, CFA Nov 21, 2024 Rating Price $175.04 Fair Value $213.00 Uncertainty High Economic Moat Wggk Capital Allocation Zwppqydn Read Analysis * AX1 Accent Group Ltd MARKET SHARE GAINS SEE ACCENT WELL POSITIONED FOR CYCLICAL UPTURN Johannes Faul, CFA Nov 21, 2024 Rating Price A$2.25 Fair Value A$7.10 Uncertainty High Economic Moat Tslchr Capital Allocation Mcsgfpgq Read Analysis * 02618 JD Logistics Inc JD LOGISTICS WILL BENEFIT FROM TAOBAO AND TMALL GROUP MERCHANTS' BUSINESS Chelsey Tam Nov 21, 2024 Rating Price HK$14.36 Fair Value HK$18.00 Uncertainty High Economic Moat Nztk Capital Allocation Tkxfrkx Read Analysis * PANW Palo Alto Networks Inc PALO ALTO’S CONSOLIDATION STRATEGY STANDS TO LEAD TO MATERIAL INCREASE IN CUSTOMER SPENDING Malik Ahmed Khan, CFA Nov 21, 2024 Rating Price $392.89 Fair Value $623.00 Uncertainty High Economic Moat Zdb Capital Allocation Gjwznzywcx Read Analysis * NIO NIO Inc ADR LEADING PREMIUM NEV MANUFACTURER BENEFITING FROM CONSUMPTION UPGRADE TREND Vincent Sun, CFA Nov 21, 2024 Rating Price $4.65 Fair Value $2.80 Uncertainty Very High Economic Moat Mfjn Capital Allocation Mkqkdkd Read Analysis * VNET VNET Group Inc ADR WHOLESALE AI DEMAND DRIVING GROWTH FOR VNET Dan Baker Nov 21, 2024 Rating Price $3.76 Fair Value $4.00 Uncertainty Very High Economic Moat Ywgql Capital Allocation Ztvmklpl Read Analysis * AMC Amcor PLC ADR BERRY AND AMCOR MERGER IS VALUE-NEUTRAL Esther Holloway Nov 21, 2024 Rating Price A$16.02 Fair Value A$93.60 Uncertainty Medium Economic Moat Vpqhg Capital Allocation Gjghdxkmd Read Analysis VIDEOS View All Watch HOW TO MANAGE CAPITAL GAINS DISTRIBUTIONS IN 2024 Christine Benz * How the US Presidential Election Affected Investors in 2024 Joe Agostinelli * 3 Great Contrarian ETFs Ryan Jackson * 2 Top Stocks for Value Investors to Buy Now Susan Dziubinski * 5 Stocks to Buy While They’re Still Cheap After Earnings David Sekera, CFA * What You’re Getting Wrong About Dividend Investing David Harrell PODCASTS View All * Big Picture In Practice Listen Subscribe * Investing Insights Listen Subscribe * The Long View Listen Subscribe * Simple, but Not Easy Listen Subscribe MARKETS View All HOW THE US PRESIDENTIAL ELECTION AFFECTED INVESTORS IN 2024 Joe Agostinelli, David Sekera, CFA, Preston Caldwell, and Erin Lash, CFA Nov 20, 2024 THE FED IS CUTTING INTEREST RATES. WHY IS CONSUMER BORROWING STILL SO EXPENSIVE? Sarah Hansen Nov 20, 2024 WHAT I LEARNED FROM JOHN REKENTHALER Jeffrey Ptak, CFA Nov 20, 2024 FUNDS View All 3 GREAT CONTRARIAN ETFS Ryan Jackson Nov 19, 2024 CAN LEVERAGED ETFS BENEFIT YOUR PORTFOLIO? Lan Anh Tran Nov 20, 2024 THE BEST VANGUARD FUNDS Tori Brovet Nov 20, 2024 STOCKS View All BEST AI STOCKS TO BUY NOW Tori Brovet and Susan Dziubinski Nov 18, 2024 THE BEST TECH STOCKS TO BUY Jack Armanini Nov 20, 2024 5 STOCKS TO BUY WHILE THEY’RE STILL CHEAP AFTER EARNINGS David Sekera, CFA and Susan Dziubinski Nov 18, 2024 BONDS View All STOCK FUNDS FLOUNDERED IN OCTOBER, WITH INVESTORS OPTING FOR BOND FUNDS AND ALTERNATIVES Adam Sabban and Ryan Jackson Nov 18, 2024 WHY INVESTORS NEED TO THINK ABOUT GEOGRAPHY WHEN BUILDING A MUNI PORTFOLIO Jessica Bebel Nov 17, 2024 POSTELECTION DEFICIT CONCERNS FUEL JUMP IN BOND YIELDS Gabe Alpert Nov 7, 2024 PORTFOLIO CONSTRUCTION View All HOW TO MANAGE CAPITAL GAINS DISTRIBUTIONS IN 2024 Christine Benz and Susan Dziubinski Nov 21, 2024 A CLOSER LOOK AT US THRIFT SAVINGS PLAN TSP FUNDS IN 2024 Janet Yang Rohr, CFA Nov 12, 2024 HOW TO USE ALLOCATION FUNDS IN A PORTFOLIO Amy C. Arnott, CFA Nov 11, 2024 ECONOMY View All HOW THE US PRESIDENTIAL ELECTION AFFECTED INVESTORS IN 2024 Joe Agostinelli, David Sekera, CFA, Preston Caldwell, and Erin Lash, CFA Nov 20, 2024 THE FED IS CUTTING INTEREST RATES. WHY IS CONSUMER BORROWING STILL SO EXPENSIVE? Sarah Hansen Nov 20, 2024 SMART INVESTOR: UNDERVALUED EARNINGS CRUSHERS, STOCKS TO SELL AND WHAT BUFFETT IS BUYING Tom Lauricella Nov 16, 2024 SUSTAINABLE INVESTING View All THE TOP STOCKS WIDELY OWNED BY ESG FUNDS Frances Aufderheide Nov 17, 2024 EDITOR’S NOTE: GLOBAL CLIMATE SUMMIT COLLIDES WITH US ELECTION Leslie P. Norton Nov 8, 2024 TAKING A FORWARD LOOK ON CLIMATE INVESTING Ron Bundy Nov 8, 2024 PERSONAL FINANCE View All THE NUMBER ONE WAY AMERICANS ARE BECOMING MILLIONAIRES Danny Noonan Sep 16, 2024 IRS ANNOUNCES NEW INCOME LIMITS FOR IRA CONTRIBUTIONS IN 2025 Denise Appleby Nov 20, 2024 UNDERSTAND YOUR 529 STATE TAX BENEFITS Hyunmin Kim Nov 20, 2024 RETIREMENT View All HOW TO RETIRE: TIPS FOR ENTERING RETIREMENT Christine Benz and Margaret Giles Nov 1, 2024 IRS ANNOUNCES NEW INCOME LIMITS FOR IRA CONTRIBUTIONS IN 2025 Denise Appleby Nov 20, 2024 WORRIED ABOUT LONG-TERM-CARE EXPENSES? LET’S DO SOMETHING ABOUT IT. Christine Benz Nov 20, 2024 FINANCIAL ADVISORS View All IS IT TIME TO DIVERSIFY BEYOND US LARGE-CAP GROWTH STOCKS? Danny Noonan Nov 18, 2024 ORGANIC GROWTH IS THE NORTH STAR FOR FINANCIAL ADVISORS Danny Noonan Nov 14, 2024 SHOULD CLIENTS PAY LESS FOR ADVISORS WHO USE GENERATIVE AI? Danielle Labotka Nov 8, 2024 ALTERNATIVE INVESTMENTS View All WHY PRIVATE DIRECT LENDING IS AN ATTRACTIVE ALTERNATIVE TO PUBLIC SECURITIES Larry Swedroe Nov 14, 2024 ELECTION RESULTS ADD TO GROWING INVESTOR PUSH INTO CRYPTO ETFS Gabe Alpert Nov 12, 2024 WHEN WILL PUBLIC AND PRIVATE EQUITY MARKETS FINALLY CONVERGE? Jack Shannon Oct 7, 2024 SPONSOR CENTER Transparency is our policy. Learn how it impacts everything we do Read More Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. We’d like to share more about how we work and what drives our day-to-day business. HOW WE MAKE MONEY We sell different types of products and services to both investment professionals and individual investors. 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