Goldman Makes Morningstar Undervalued Stocks List

With the S&P 500 dropping 17% so far this year, many stocks have sunk to attractive valuations in some experts’ eyes.

The market now trades at about a 15% discount to fair value, as estimated by Morningstar analysts.

The firm put together a list of stocks that fell to “significantly undervalued” levels in the past month compared to Morningstar’s fair value estimates.

Then it filtered that list to include only companies that receive a moat from Morningstar analysts. That means the companies “hold a competitive advantage over their peers, through things such as high switching costs or intangible assets like patents,” Morningstar said.