The stock market in recent days has plummeted amid weak first-quarter-earnings reports from some major companies.
But of the 868 U.S.-listed companies that Morningstar analysts cover, more than a third (37%) beat Wall Street’s profit estimates by at least 10%.
So the firm put together a list of stocks that:
· are undervalued, according to Morningstar analysts;
· are assigned a moat by Morningstar analysts, meaning they think the companies have a competitive advantage over their peers; and,
· beat Wall Street first-quarter-earnings estimates by more than 10%.
The list includes:
1. Malibu Boats (MBUU) – Get Malibu Boats Inc. Report, a power boat maker;
2. MercadoLibre (MELI) – Get MercadoLibre Inc. Report, Latin America’s giant…