In Communication Services, Negative Messages Abound
Amid heavy pessimism in the sector, our top picks are Disney and Comcast.
Source: morningstar.com
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Amid heavy pessimism in the sector, our top picks are Disney and Comcast.
Despite macro headwinds, we remain optimistic about long-term trends for cloud computing and rising semiconductor demand.
Market's decline leaves over half of the sector undervalued, trading at 4 or 5 stars.
With investors favoring the sector to help ride out the market storm, only 35% of consumer defensive stocks we cover are undervalued.
There's still plenty of pent-up demand for travel and leisure stocks; quick-service restaurants also look relatively attractive.