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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
British American Tobacco PLC2,470.00 GBX0.71
BT Group PLC99.12 GBX-2.49
GlaxoSmithKline PLC1,304.20 GBX-1.50
Imperial Brands PLC1,227.50 GBX-0.12
Rolls-Royce Holdings PLC72.40 GBX-14.36
Vodafone Group PLC103.50 GBX0.43

About Author

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

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