Money
New 4-Star Stocks This Week
xCruzo Brief
Morningstar’s weekly screening highlights five newly undervalued U.S.-listed stocks rated 4 stars for the week, with Tesla and TE Connectivity among the biggest names. Morningstar reports that as of July 24 the Morningstar US Market Index fell 0.60%, leaving the overall U.S. market “moderately undervalued” at an 8% discount to fair value. Among 880 stocks covered, 35% are undervalued and 42% fairly valued. Tesla (TSLA) has a 4-star rating with a fair value estimate of $450 and very high uncertainty after a 17.81% weekly loss. TE Connectivity (TEL) also scores 4 stars with $230 fair value and medium uncertainty.
xCruzo quick-read summary • Source: Morningstar • Read the full article for complete information.
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