The past year was a rough one for the stock market, but defensive stocks still made gains as a group.
The good news for long-term investors looking to put money to work in defensive stocks is that there are still plenty of cheap defensive stocks worth considering. Morningstar equity analysts see room for growth in a number of high-quality, defensive names such as Veeva Systems VEEV and Medtronic MDT.
To look for undervalued defensive stocks, we turned to the Morningstar US Defensive Super Sector Index, which measures the performance of stocks from traditionally defensive sectors such as utilities, consumer defensive, and healthcare.
Read more here: https://www.morningstar.com/articles/1141736/undervalued-defensive-stocks-to-buy-now
