Morningstar identified six newly overvalued US-listed stocks among the companies covered by its analysts: Apple, John Deere, Coinbase Global and HP received new 2-star ratings, while Phillips 66 and MiniMed Group moved to 1 star. The Morningstar US Total Market Index rose 0.11% in the week ended Sept. 4, leaving the market moderately undervalued at a 7% discount to fair value on a market-cap-weighted basis. Of 880 covered stocks, 33% were undervalued, 46% fairly valued and 21% overvalued. The newly overvalued companies traded 12% to 59% above their fair value estimates, with MiniMed Group posting the largest weekly gain at 15.85%.