Are Semiconductor Moats Worth the Price?
Hear firsthand from Morningstar’s equity analysts about opportunities among wide moat companies, from semiconductors to sneakers and handbags. We’ll dive into the forces behind Nvidia’s performance and the semiconductor industry’s growth, and compare their current prices to Morningstar’s fair value assessments. We’ll also look at the resilience of highly valuable consumer brands amid inflationary pressures and uncertain global growth, to evaluate whether moat stocks in this space present attractive valuation opportunities.
Learn more about these trends and how they are impacting current moat positioning and recent performance.
- Review differentiated exposure and near-term underperformance in the face of a lack of market breadth
- Recap philosophy and process behind moat investing across market caps
- Live Q&A with Morningstar’s equity research team with a focus on select moat-rated companies
Webinar details
July 09, 2024
11:00 AM US ET
Duration 60 MIN
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DISCLOSURE
This content is intended for educational purposes only. Please note that the availability of the products mentioned may vary by country, and it is recommended to check with your local stock exchange. Please note that VanEck may hold positions in the companies discussed herein
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the speaker(s), but not necessarily those of VanEck or its other employees.
Please note, while Warren Buffet originated the concept of an economic "moat," he is not personally involved with VanEck or the management of any VanEck products or services, and he has not endorsed any of the content discussed herein.
There are inherent risks with equity investing. These risks include, but are not limited to stock market, manager, or investment style. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices.
The Morningstar® Wide Moat Focus IndexSM consists U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Small-Mide Cap Moat Focus IndexSM consists of small- and mid-cap U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Broad Growth Wide Moat Focus IndexSM consists of growth-oriented U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Broad Value Wide Moat Focus IndexSM consists of value-oriented U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar.
The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made. S&P 500 Equal-Weighted Index is an equally-weighted version of the market-cap weighted S&P 500 Index. Russell 1000 Index includes approximately 1,000 of the largest companies in the US equity universe. Russell 2500 Index is a broad, market-cap-weighted stock market index featuring 2,500 U.S. small-cap and mid-cap stocks.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
© Van Eck Associates Corporation.
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DISCLOSURE
This content is intended for educational purposes only. Please note that the availability of the products mentioned may vary by country, and it is recommended to check with your local stock exchange. Please note that VanEck may hold positions in the companies discussed herein
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the speaker(s), but not necessarily those of VanEck or its other employees.
Please note, while Warren Buffet originated the concept of an economic "moat," he is not personally involved with VanEck or the management of any VanEck products or services, and he has not endorsed any of the content discussed herein.
There are inherent risks with equity investing. These risks include, but are not limited to stock market, manager, or investment style. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices.
The Morningstar® Wide Moat Focus IndexSM consists U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Small-Mide Cap Moat Focus IndexSM consists of small- and mid-cap U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Broad Growth Wide Moat Focus IndexSM consists of growth-oriented U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar. The Morningstar® US Broad Value Wide Moat Focus IndexSM consists of value-oriented U.S. companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar.
The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made. S&P 500 Equal-Weighted Index is an equally-weighted version of the market-cap weighted S&P 500 Index. Russell 1000 Index includes approximately 1,000 of the largest companies in the US equity universe. Russell 2500 Index is a broad, market-cap-weighted stock market index featuring 2,500 U.S. small-cap and mid-cap stocks.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
© Van Eck Associates Corporation.