At the halfway point of 2023, Morningstar has updated its list of the best stocks to buy now.
Amid the uncertainty, stock pickers should find names that still offer bargain prices, and that provide consistency in terms of fundamentals and cash flows.
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.
"We believe the best companies have predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," wrote Morningstar's Susan Dziubinski in a note on Wednesday.
The stocks are listed below in descending order of their price-to-fair-value ratios, a metric that accounts for a company's competitive advantage, its cash-generating potential, and the level of uncertainty about its cash flows.
Persons:
Morningstar, Wells, Susan Dziubinski
Organizations:
Comcast, Taiwan Semiconductor
Locations:
Wells Fargo