Investors have faced a lot of stock market ups and downs in recent years. With ongoing uncertainty about interest rates and the economy, many are wondering which stocks to buy now.
No matter where interest rates or the economy are heading, it’s wise to consider companies that offer some certainty in cash flows and solid fundamentals. This is where Morningstar’s Best Companies to Own list can help. These companies have significant competitive advantages, predictable cash flows, and management teams known for smart capital-allocation decisions.
However, the best companies aren’t always the best stocks to buy. The price you pay to own a company, whether it’s top-notch or not, matters too. Here, we focus on the 10 best companies with the most undervalued stock prices today.
As of July 30, 2024, the 10 most undervalued stocks from our Best Companies to Own list are:
- Yum China (YUMC)
- Estee Lauder (EL)
- Ambev (ABEV)
- Nike (NKE)
- Zimmer Biomet (ZBH)
- Reckitt Benckiser Group (RBGLY)
- Anheuser-Busch InBev (BUD)
- Polaris (PII)
- Taiwan Semiconductor Manufacturing (TSM)
- British American Tobacco (BTI)
