$ (+1,96 %)TYL (+1,96 %)
$GE (-0,07 %)
$GD (+1,01 %)
$CHRW (+1,46 %)
$ROL (+1,86 %)
$TW (+1,01 %)
$CSGP (+0,75 %)
$RKT (+1,83 %)
$CLX (+0,77 %)
$ROST (+2,9 %)
$FAST (+1,11 %)
$CSCO (-0,61 %)
$YUMC (+0,52 %)
$KOF (+1,45 %)
$ORLY (+0,7 %)
$KO (+2,23 %)
$RY (-0,06 %)
$MDLZ (+1,82 %)
$IMBBY (+2,48 %)
$A (+1,78 %)
$IDXX (+2,06 %)
$SONY (+0 %)
$MSCI (+0,32 %)
$SYY (+2,59 %)
$VLTO WI (+2,91 %)
$DPZ (-0,38 %)
$IDEX (+0 %)
$VRSN (+0,26 %)
$COST (+2,92 %)
$ITT (-0,56 %)
$SHW (+0,35 %)
$EPD
$SIE (-0,65 %)
$CP (+0,88 %)
$CTAS (+1,47 %)
$ROG (+2,76 %)
$BK (-0,8 %)
$CNR (+1,18 %)
$PM (+3,26 %)
$TSM (-2,83 %)
$ITW (+2,01 %)
$APD (+1,96 %)
$PG (+2,54 %)
$AAPL (+1,04 %)
$BAC (-1,88 %)
$CPB (+1,12 %)
$VRSK (+2,54 %)
$HSY (+1,12 %)
$GWRE (-0,17 %)
$HII (+2,31 %)
$GSK (+3,67 %)
$SBUX (+1,17 %)
$ALLE (-0,07 %)
$INTU (+2,68 %)
$MSI (+1 %)
$GWW (+0,76 %)
$UNP (+1,74 %)
$WCN (+2,43 %)
$WM (+1,69 %)
$NOC (+2,57 %)
$CAT (-2,71 %)
$PAYX (+2,37 %)
$ADP (+1,99 %)
$MCO (+0,84 %)
$SPGI (-0,22 %)
$NDSN (-0,12 %)
$WMT (+3,84 %)
$OTIS (+3,45 %)
$CL (+3,21 %)

Best Companies to Own: Methodology

The companies on this list are covered by Morningstar Research Services’ equity analysts and have shares available to US investors. This means that Morningstar equity analysts have calculated fair value estimates for the shares of the companies that trade on US exchanges. As a result, most of the companies on this list are based in the US.

Within that coverage list, the best companies meet the following criteria:

• Wide Economic Moat. The Morningstar Economic Moat Rating summarizes the length of a company’s competitive advantages. An economic moat is a structural feature allowing a firm to generate excess profits over a long period. If Morningstar Research Services believes that excess returns will persist for 20 years or more, that company earns a wide moat rating.
• Standard or Exemplary Capital Allocation.The stock’s Morningstar Capital Allocation Rating is an assessment of the quality of management’s capital allocation, with particular emphasis on the firm’s balance sheet, investments, and shareholder distributions. Capital allocation is judged from an equity shareholder’s perspective, considering companies’ investment strategy and valuation, balance-sheet management, and dividend and share buyback policies on a forward-looking basis. A company can receive an Exemplary, Standard, or Poor Capital Allocation Rating.
• Low or Medium Fair Value Uncertainty. The fair value Morningstar Uncertainty Ratingrepresents the predictability of a company’s future cash flows and, therefore, the level of certainty in the fair value estimate of that company. The Uncertainty Rating for a company can be Low, Medium, High, Very High, or Extreme. It captures a range of likely potential intrinsic values for a company based on the characteristics of the business underlying the stock, including such things as operating and financial leverage, sales sensitivity to the economy, product concentration, and other factors. The more predictable cash flows, the smaller the range of potential intrinsic values, the lower the uncertainty.

What Gives a Company an Economic Moat?

Companies with moats have one or more of the following characteristics:

• Network Effect. Lots of people are using the service, which then makes the service more valuable to the people who use it.
• Intangible Assets. Patents, brands, regulatory licenses, and other intangible assets can prevent competitors from duplicating a company’s products or allow the company to charge a significant price premium.
• Cost Advantage. Firms with a structural cost advantage can either undercut competitors on price while earning similar margins or charge market-level prices while earning relatively high margins.
• Switching Costs. When it would be too expensive or troublesome to stop using a company’s products, the company often has pricing power.
• Efficient Scale. When a niche market is effectively served by one or a small handful of companies, there is no room or incentive for potential competitors to enter the market.

To maintain analysts’ independence, Morningstar Research Services does not publicly rate its parent company Morningstar Inc. Therefore, Morningstar, Inc. is not on the list of the best companies available to US investors.

https://www.morningstar.com/stocks/best-companies-own-2026-edition

U.S. stocks appear to be entering a correction phase. Futures on major indices are down about 1%, reflecting growing uncertainty about the Federal Reserve’s next moves and concerns over stretched stock valuations. The mood worsened after comments from Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick at the Global Financial Leaders’ Investment Conference in Hong Kong, where both warned of a potential market correction exceeding 10% in the next 12 to 24 months. In their view, current valuations require heightened caution.

Amid this environment, $PLTR (-3,62 %) shares are down about 4% in pre-market trading despite reporting strong quarterly results. The company’s revenue grew 63% year over year, and management raised its full-year guidance thanks to strong demand for its AIP artificial intelligence platform. The market will be watching $PLTR (-3,62 %) closely today as a barometer for overall sentiment in the AI sector.

Investor focus will also be on comments from Federal Reserve officials and corporate earnings announcements. Of particular interest is the speech by Fed Board member Michelle Bowman, known for her hawkish positions. Markets will look for signs of how monetary policy could evolve. Before the opening bell, earnings are expected from $PFE (+3,16 %) , $SHOP (-1,85 %) , $UBER (-2,51 %) , $SPOT (-1,17 %) , $ETN (-4,21 %) , $UUUU (-10,65 %) , and $RACE (-0,71 %) . After the close, $AMD (-6,18 %) , $SMCI (-8,16 %) , $ANET (-4,31 %) , $MARA (-9,79 %) , and $BYND (-6,04 %) will report.

Futures remain under pressure, with risk sentiment tilted negative and volatility elevated. The expected trading range for the S&P 500 is between 6765 and 6890 points, or roughly -1.3% to +0.5% versus Monday’s close.

In stock-specific moves, $HIMS (-6,3 %) is up more than 3% in pre-market trading after reporting revenue above estimates, driven by a 21% year-over-year increase in its subscription base. Shares of $NVTS (-10,16 %) are down nearly 15%, as both revenue and profit missed expectations and the company issued weak guidance for Q4.

$VRTX (+2,69 %) is down nearly 4% pre-market despite beating earnings estimates, with investors concerned about weaker-than-expected sales of its key cystic fibrosis drug, Trikafta, and a cautious annual sales outlook. $WMB (-0,69 %) is also down more than 3% after earnings came in below forecasts, with higher operating and interest expenses weighing on profits.

On November 3, U.S. markets ended the day mixed. The S&P 500 added 0.17%, the Nasdaq 100 gained 0.44%, while the Dow Jones slipped 0.48% and the Russell 2000 fell 0.33%. The gains were led by members of the “Magnificent Seven,” with $AMZN (-1,44 %) jumping 4% after news of a $38 billion contract with OpenAI. Consumer discretionary stocks led the advance, while communication services lagged.

On the macro side, the ISM Manufacturing Index for October came in at 48.7, below expectations of 49.6, marking the eighth straight month of contraction. However, improvements in new orders and employment subindices, combined with easing price pressures, allowed investors to interpret the data as consistent with a “soft landing” scenario.

Still, comments from Fed officials Steven Miran and Lisa Cook, both favoring a continuation of restrictive policy, dampened expectations for a December rate cut.

In corporate news, the biggest M&A headline came from Kimberly-Clark’s $48.7 billion acquisition of KVUE, implying a 46% premium. Shares of KNUE rose 12.3%, but $KBL (+0,39 %) fell 14.6% as investors worried about integration risks and the deal’s heavy price tag.

$BYND (-6,04 %) sank 16% after the company unexpectedly delayed reporting its quarterly results to November 11, citing the need to reassess non-cash impairments — a move investors viewed as a very negative signal. $IREN (-0,16 %) skyrocketed 11.5% following news of a $9.7 billion cloud services contract with Microsoft to support AI infrastructure development. $MU also rose nearly 5% after Samsung delayed new DDR5 memory supply agreements due to demand outstripping supply, which pushed spot memory prices up 25% in a week.

Finally, $IDXX (+2,06 %) surged 14.8% after posting stronger-than-expected quarterly results and raising its full-year outlook, with particularly strong performance in its pet diagnostics division.