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Perspective

7 Undervalued Quality Growth Stocks

August 16, 2022


August 16, 2022


After a brutal first half of the year, high-growth technology and consumer cyclical stocks are back leading the market. However, there are still high-quality growth names such as MercadoLibre (MELI) and Salesforce (CRM)trading at steep discounts.

Growth stocks are up 18.0% since the bear market low point on June 16 as measured by the Morningstar US Growth Index, 6 percentage points ahead of the broader U.S. market. But these stocks are still down 22.3% for the year through Aug. 10. That puts the growth index on track for its worst year since 2008. That has left swaths of growth companies trading below their fair value estimates from Morningstar’s stock analysts.

Read on morningstar.com

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