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Four Stocks With More Room To Run - FDX, CHK, ROK, BDK
By: Morningstar   Saturday, September 26, 2009 2:47 PM

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Investors who pulled out of the market after seeing their brokerage accounts devastated have been watching nervously as stocks shot up from their March lows. Undoubtedly, some of this fear of having missed the rally is well founded. The easy money has been made. Our equity analysts now believe that the market is roughly fairly valued--a far cry from the 45% discount they saw at the onset of the credit crisis.

But this doesn't mean that there isn't any money left to be made in this market. Beyond the prospect of another pullback creating attractive valuations, many high-quality firms still look cheap despite big runups. These stocks were so battered during the downturn that they still aren't trading for their intrinsic worth, even after big recent gains. So don't be too stressed about missing the bull market because you can still pick up a great business at a reasonable price, and isn't that what stock investing is all about?

To find stocks that still have room to run, we used Morningstar's Premium Stock Screener. We looked for narrow- and wide-moat stocks that had top quartile returns over the last three months and that were rated 4 or 5 stars. Below are a few names that passed. To see the full list and to run the screen for yourself, click here. (Not a Premium Member? Give us a try with a 14-day free trial.)

FedEx (FDX)
| Moat: Narrow | 3 Month Return: +42.54%
From the  Analyst Report:
FedEx increases its formidable competitive advantages by deploying a portion of its cash flow to acquire strategic assets around the globe. It has built a massive international network that's difficult to duplicate, giving the company a narrow economic moat.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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