6 UK Stocks Make the Global Core Equity Pick List

UK-listed GlaxoSmithKline has been added to the Global Large Cap Pick List over the past month

Morningstar Equity Analysts 5 October, 2018 | 10:30AM

The US stock market appears fairly valued, with the market-capitalization-weighted average, uncertainty-adjusted price/fair value ratio for S&P 500 index constituents that are under active Morningstar research coverage at 102%.

The S&P 500 rose by 43 basis points in September, closing at 2,913.98 at the end of the month. Among sectors, healthcare was the most expensive, trading at 108% of fair value. Communication services was the cheapest, trading at 94% of fair value.

Looking globally, stocks look more attractive, with Morningstar analysts’ Global Large Cap Pick List priced at 82% of fair value. This list surfaces large cap global stocks with attractive uncertainty-adjusted price/fair value ratios, although economic moats, or sustainable competitive advantages, are taken into consideration in the selection process as well.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
British American Tobacco PLC3,142.50 GBX0.69
BT Group PLC115.80 GBX0.96
GlaxoSmithKline PLC1,663.20 GBX-0.06
Imperial Brands PLC1,512.00 GBX-1.01
Rolls-Royce Holdings PLC280.60 GBX-0.95
Vodafone Group PLC130.00 GBX0.93

About Author

Morningstar Equity Analysts  Morningstar stock and fund analysts cover 2,000 mutual funds, 2,100 equities, and 300 exchange-traded funds.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites