Comment on 33 top stocks to buy in a market with few undervalued investments: Morningstar

33 top stocks to buy in a market with few undervalued investments: Morningstar

Stocks have surged in recent weeks but may be overextended.Henrik5000/Getty Images Markets are trading near record highs thanks to promising economic data. However, US stocks are slightly overvalued, according to Morningstar. Here are 33 of the firm's favorite stocks heading into a pivotal fourth quarter. US stocks are soaring on the back of positive economic data and large interest rate cuts.The S&P 500 flirted with its all-time high on Friday after a strong labor market report, even though risks like geopolitical tensions and election uncertainty hang over the market.However, fairly valued investments are tough to come by right now, according to Morningstar.Top minds at the leading equity research firm found that US equities were 3% overvalued heading into the fourth quarter.

 

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