Morningstar, Inc. - November 19, 2025
When IRS Guidance Goes Wrong: How to Avoid Costly IRA Mistakes
Plus: Assessing AI bubble risks, putting short-term bonds to...
 Morning DigestDenise Appleby Why relying on articles, AI, or even IRS publications can be risky. 
ADVERTISEMENT  Editor's Picks  “This is actually worse than dot-com,” Jain says. Leslie Norton  Next year will test investor discipline in ways both familiar and new. Philip Straehl  This edition of our Portfolio Basics series covers the value of short-term bonds in reducing risk and generating income. Amy Arnott  Job growth has significantly slowed since the start of 2025. Gabe Alpert  The author, podcast host, and financial advisor discusses how to avoid a letdown after retirement, how retired couples can find harmony, and other secrets to maximizing well-being later in life. Christine Benz, Amy Arnott Investing Insights Bond and technology sector equity funds gain, while actively managed US equity funds continue to shed assets. Joe Bullard, Drew Carter Where you keep your investments matters as much as what you invest in. Abhijay Gupta, Neelotpal Shukla How the largest US sustainable funds performed through October. And a look at top-performing sustainable funds. Frances Aufderheide Next year will test investor discipline in ways both familiar and new. Philip Straehl These cheap stocks from wide-moat companies look attractive today. Susan Dziubinski These 12 undervalued consumer cyclical stocks look attractive today. Tori Brovet Recent Earnings New Stock Analyst Reports Trip.com's (TRIP) revenue increased 16% year on year in the third quarter, driven by continued strength in travel demand. Revenue was 2% higher than our estimates, while operating margin was 280 basis points higher. The company saw higher-than-expected seasonality, driven by international outbound travel. Operating margin expanded due to lower product development expenses. We believe Trip.com is likely realizing cost savings from its artificial intelligence initiatives. We expect further cost savings into 2029, and our margin expansion thesis is unchanged as Trip.com continues to commit to AI adoption. New Fund Analyst Reports Vanguard Energy's (VGENX) strengths remain intact, and it remains a superior energy and utilities combo. The Tools You Need to Invest Like an Analyst Stay connected:
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