Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Thematic (Sector/Industry)

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<a href="https://www.smartkarma.com/entities/16764" target="_blank" data-smartkarma-citation="entities:16764:1">Intel Corp (INTC US)</a>, <a href="https://www.smartkarma.com/entities/21227" target="_blank" data-smartkarma-citation="entities:21227:1">STMicroelectronics NV (STM IM)</a>, <a href="https://www.smartkarma.com/entities/11965" target="_blank" data-smartkarma-citation="entities:11965:1">Qorvo Inc (QRVO US)</a>, and <a href="https://www.smartkarma.com/entities/969" target="_blank" data-smartkarma-citation="entities:969:1">Qualcomm Inc (QCOM US)</a> remain attractively priced.</h2></div><hr><h2>AV, Artificial Intelligence, Robotics, Internet of Things, HealthTech and 5G Were All on Display</h2><p>We attended CES (formerly known as the Consumer Electronics Show), the premier technology showcase, in Las Vegas in January 2019, looking at both public and private companies. In our view, CES continues to evolve and diversify, as the focus is still drifting away from smartphones, tablets, and PCs and toward industrial, automotive, Internet of Things, and health applications. Across our public and private research coverage, we remain most impressed with the push toward active safety systems in automobiles, autonomous driving (including our self-driving car ride with <a href="https://www.smartkarma.com/entities/24423" target="_blank" data-smartkarma-citation="entities:24423:1">Lyft Inc (0812823D US)</a>), and transportation technology. We've long believed that the push toward safer, greener, smarter cars would be led by rising electronics content per vehicle, in turn boosting revenue growth for many technology firms under our coverage. We see no signs of these content gains slowing down in vehicles, as more and more sensors, processors, connectivity, and software enhancements are enabling the latest vehicle technologies.</p><p>Across our public equity research coverage, we remain impressed with Intel's push into transportation via its acquisition of Mobileye. We also remain bullish on STMicro as we view the firm as far more than an Apple iPhone supplier and like its diversified product portfolio and ongoing push into automotive. Qorvo also appears deeply undervalued as long-term iPhone demand concerns are overdone, in our view. Our meetings with <a href="https://www.smartkarma.com/entities/5891" target="_blank" data-smartkarma-citation="entities:5891:1">Nvidia Corp (NVDA US)</a>, <a href="https://www.smartkarma.com/entities/12574" target="_blank" data-smartkarma-citation="entities:12574:1">Analog Devices (ADI US)</a>, <a href="https://www.smartkarma.com/entities/12245" target="_blank" data-smartkarma-citation="entities:12245:1">Synaptics Inc (SYNA US)</a>, Qorvo also provided us with new insights.</p><p>Finally, in addition to our autonomous driving ride with Lyft, we met with several interesting private companies, such as uBeam and Intellithings in the Internet of Things space, Wearable Health PLC and Bongmi with impressive HealthTech products, and Bell, the helicopter company whose demo was a highlight of the show as it is partnering with <a href="https://www.smartkarma.com/entities/430" target="_blank" data-smartkarma-citation="entities:430:1">Uber Technologies (0084207D US)</a> on the Nexus air taxi. Additionally, our meetings with Cognata and Seoul Robotics gave us insight into the evolving investments into automotive-grade LiDAR solutions.</p><p><em>Analysts: Brian Colello et al.</em></p>


Intel Corp (INTC US), STMicroelectronics NV (STM IM), Qorvo Inc (QRVO US), and Qualcomm Inc (QCOM US) remain attractively priced.AV, Artificial Intelligence, Robotics, Internet of Things, HealthTech and 5G Were All on DisplayWe attended CES (formerly known as the Consumer Electronics Show), the premier technology showcase, in Las Vegas in January 2019, looking at both public and private companies. In our view, CES continues to evolve and diversify, as the focus is still drifting away from smartphones, tablets, and PCs and toward industrial, automotive, Internet of Things, and health applications. Across our public and private research coverage, we remain most impressed with the push toward active safety systems in automobiles, autonomous driving (including our self-driving car ride with Lyft Inc (0812823D US)), and transportation technology. We've long believed that the push toward safer, greener, smarter cars would be led by rising electronics content per vehicle, in turn boosting revenue growth for many technology firms under our coverage. We see no signs of these content gains slowing down in vehicles, as more and more sensors, processors, connectivity, and software enhancements are enabling the latest vehicle technologies.Across our public equity research coverage, we remain impressed with Intel's push into transportation via its acquisition of Mobileye. We also remain bullish on STMicro as we view the firm as far more than an Apple iPhone supplier and like its diversified product portfolio and ongoing push into automotive. Qorvo also appears deeply undervalued as long-term iPhone demand concerns are overdone, in our view. Our meetings with Nvidia Corp (NVDA US), Analog Devices (ADI US), Synaptics Inc (SYNA US), Qorvo also provided us with new insights.Finally, in addition to our autonomous driving ride with Lyft, we met with several interesting private companies, such as uBeam and Intellithings in the Internet of Things space, Wearable Health PLC and Bongmi with impressive HealthTech products, and Bell, the helicopter company whose demo was a highlight of the show as it is partnering with Uber Technologies (0084207D US) on the Nexus air taxi. Additionally, our meetings with Cognata and Seoul Robotics gave us insight into the evolving investments into automotive-grade LiDAR solutions.Analysts: Brian Colello et al.

Autonomous Driving Fuels Our CES 2019 Public and Private Company Takeaways