Morning Digest

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Investing Insights

Why We Upgraded This Active ETF From Capital Group

Plus, other Morningstar Medalist Rating highlights from April.

River Meng

International Diversification Is Finally Paying Off

The dollar’s weakness has contributed to a long-awaited foreign-stock rally and reduced correlations with US equities—at least for now.

Christine Benz

Supply Shocks? We’ve Had a Few. Here’s How Investors Can Deal

An economist’s take on sky-high gas prices, ‘abysmal’ sentiment, and an economy that’s being rewired.

Amy Arnott, Ben Johnson

Amazon: Officially Launches Supply Chain Services, Leveraging Internal Services to Outside Clients

We think Amazon stock is fairly valued.

Dan Romanoff

After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?

With higher revenues following the FCC’s approval of the Frontier acquisition, here’s what we think of Verizon stock.

Michael Hodel

12 Newly Overvalued Stocks This Week

Micron and Siemens are among the stocks now rated as expensive.

Bella Albrecht

New Stock Analyst Reports

Canadian Pacific Kansas City's CP first-quarter top line was flat year over year—excluding foreign exchange—as slightly higher yield (revenue per carload), which includes healthy core pricing gains, offset lower consolidated carload and intermodal volume. Carloads, excluding intermodal, fell 2.5% on lower coal (unexpected production headwinds at customer mines), softer auto sector production, and tariff headwinds for certain Canada-US shipments such as steel and lumber, partly offset by strong grain and potash activity. Intermodal volume surprisingly fell, likely because of tough comps related to the import pull-forward.

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New Fund Analyst Reports

Vanguard Total Bond Market’s (VTBIX) expansive portfolio and razor-thin fee preserve its advantage in the intermediate core bond Morningstar Category. The fund tracks the Bloomberg US Aggregate Float Adjusted Index, which captures investment-grade, fixed-rate, taxable bonds denominated in US dollars. The index has different minimum size requirements for each type of bond, which helps the index remain investable given the large asset base following it. While it captures a broad swath of the bond market, the index excludes riskier types of bonds, such as eurodollar bonds, non-ERISA-eligible commercial mortgage-backed securities, and bonds with equity features. It weights selected holdings by market value after reducing the amount outstanding for bonds held by the Federal Reserve to adjust for float.

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