Are Bank Stocks Undervalued?

Recession risks have dragged on bank stock returns as investors have become less optimistic about the economy having a soft landing in the current inflationary environment, Morningstar senior equity analyst Eric

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What Slow but Steady Wireless Growth Means for Top Telecom Stocks

Fears of slowing wireless customer growth have yet to materialize, as we estimate the industry added 1.9 million net new postpaid phone customers during the first quarter, up from less than 1.8 million a year ago. With the U.S. postpaid phone customer base growing around 4% year over year for the past several quarters versus less than 1% population growth, this pace of wireless growth can’t continue, but carriers keep offering generous discounts to put 5G phones in customers’ hands to eliminate a reason to switch providers.

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