Morningstar, Inc. - July 6, 2026
Q3 Stock Market Outlook: What’s In and What’s Out
Plus: These 4 Battered Funds Are Built for a Software Comeback...
 Morning DigestLeslie Norton Morningstar Wealth strategist Dominic Pappalardo says to stick with small caps and Latin America stocks. 
ADVERTISEMENT  Editor's Picks  The momentum markets’ drawdown risk, plus BlackRock’s Li on paring back on the EM AI trade but staying the course in the US. Tom Lauricella  Fed still seen likely to raise rates by year end. Irza Waraich  Confused about which vehicles to fund first? We can help. Christine Benz  With a decade to go, zero in on boosting income and savings, plus these other strategies. Christine Benz, Valentina Djeljosevic Investing Insights The stocks of these high-quality companies look cheap today. Tori Brovet Micron and Intel rank among the best stocks in Q2 2026, while the worst include Accenture and Intuit. Bella Albrecht Down more than 40% from its all-time high and trading at a 24% discount, the stock of this great company is finally a buy. Mark Giarelli Here are four opportunities for contrarian investors. Adam Sabban June FOMC meeting minutes are slated for release. Irza Waraich We’ve raised our fair value estimate of Tesla stock. Seth Goldstein New Stock Analyst Reports Verizon VZ was the big bidder in Auction 113, spending $3.2 billion on 82 spectrum licenses. T-Mobile picked up more than 100 licenses, nearly all in small markets, for only $277 million. AT&T T added 13 licenses for $133 million. SpaceX SPCX did not bid aggressively, landing two licenses for $8 million. Our suspicion that EchoStar ECHO drove up prices despite shuttering its wireless network was confirmed, which limits the insight these auction results provide. We are surprised that Verizon bid so aggressively, especially in New York, where it isn't particularly spectrum-constrained. Perhaps the firm believes it can now negotiate aggressively for the remainder of EchoStar's AWS-3 licenses. New Fund Analyst Reports An experienced management team has smoothly implemented John Hancock Investment Grade Bond’s (TAUSX) simple yet effective value-driven approach. Thoughtful succession planning has been a strength for this team. Industry veterans and co-heads of subadvisor Manulife’s US core and core-plus fixed-income group, Howard Greene and Jeffrey Given, have capably managed this strategy together for more than two decades, but Greene is retiring in December 2027. That runway, however, should be long enough for a smooth transition of his responsibilities over to Given, who will then take over as the sole lead manager. The Tools You Need to Invest Like an Analyst Stay connected:
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