Plus earnings season takeaways and previews, and an upgrade on Apple stock.
Key Takeaways
- Many of the stocks that we’ve been watching this past week initially sold off when earnings came out, but then a lot of those stocks actually traded up over the course of the trading day.
- Alphabet GOOGL trades at about a 39% discount to our fair value, Amazon.com AMZN trades at about a 30% discount to our fair value, and Meta Platforms META trades at well over a 40% discount to our fair value.
- Finding defensive stocks that would hold up in a downturn is important for investors today.
Read more here: https://www.morningstar.com/articles/1134233/3-recession-stocks-to-consider
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