Looking for holiday gift ideas? Consider giving the gift of stock this season. Morningstar suggests three top stocks with wide economic moats as great long-term investments: Pepsi (PEP), Nike (NKE), and Alphabet (GOOGL). These companies own beloved brands and are trading below their estimated values, making them smart choices for holiday giving.

Pepsi (PEP) is a global leader in snacks and beverages with a portfolio of popular brands. Despite recent challenges, the company’s focus on health-focused products and cost-cutting measures positions it well for future growth. Morningstar values Pepsi’s stock at $166 per share.

Nike (NKE), the largest athletic footwear and apparel brand, has faced obstacles but is implementing a solid plan for success. With a renewed focus on key products and partnerships, Nike has strong potential to increase operating margins. Morningstar values Nike’s stock at $104.

Alphabet (GOOGL), the parent company of Google and YouTube, is a technology giant with diverse successful businesses. Despite antitrust concerns, Alphabet is expected to excel in various industries like search, AI, video, and cloud computing. Morningstar values Alphabet’s stock at $340.

For more stock insights and recommendations, check out The Morning Filter podcast and Morningstar.com. Morningstar analysts provided the research behind these stock picks. Stay informed and make smart investment decisions this holiday season.

Read more at Morningstar: 3 Top Stocks to Watch This Holiday Season