The Morning Filter

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss core stocks. These are the types of stocks that should form the foundation that an equity investor can build upon. They unpack the qualities that core stocks share and whether investors should be willing to pay higher valuations for these high-quality stocks.

There’s a better strategy for managing your core stock holdings than buy and hold; tune in to find out what the strategy is. They wrap the episode with a handful of great core stocks to own when you can invest in them at the right price.

Episode Highlights 

00:00:00 Welcome

00:01:32 What core stocks are and what qualities they share.

00:02:40 Should you pay more for core stocks than you’d pay for noncore stocks?

 

00:03:40 Why you can’t simply buy and hold core holdings. You need to buy and manage them instead.

 

00:06:40 The best core stocks to own according to Morningstar’s sector directors.

 

 

Read about topics from this episode. 

When to Sell a Core Holding

US Stock Market Outlook: Harvesting Growth Gains, Restoring Barbell

Dave’s Complete Archive

 

Got a question for Dave? Send it to themorningfilter@morningstar.com. 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski preview the SpaceX IPO with Morningstar analyst Nic Owens. They discuss the company’s economic moat rating, forecasts for revenue and margins, and why SpaceX is worth less than half its IPO target.

They also cover what this week’s inflation reports could mean for the Fed meeting later this month and whether Palo Alto PANW, Crowdstrike CRWD or Broadcom AVGO look attractive after earnings. Tune in to find out if Berkshire Hathaway BRK.B is still a buy after its purchase of Taylor Morrison and its additional investment in Alphabet GOOGL. They close the episode with five stocks to buy to rebalance a barbell portfolio.

Episode Highlights 

00:00:00 Welcome

00:02:54 What this week’s inflation reports could mean for next week’s Fed meeting 

00:06:33 Why long-term investors should sit out the SpaceX IPO

00:29:08 Do Palo Alto Networks PANW, Crowdstrike CRWD or Broadcom AVGO look like good investments after earnings? 

00:35:56 What to make of Berkshire Hathaway’s BRK.B shopping spree 

00:38:57 Stocks to buy to rebalance ahead of the market’s next big shift

 

Read about topics from this episode. 

Register for the Morningstar Investment Conference

Dave’s New US Stock Market Outlook
SpaceX: What Investors Need to Know About Its Enormous Upcoming IPO

 

Got a question for Dave? Send it to themorningfilter@morningstar.com. 

 

You can follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research, and follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

 

If you would like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!

 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski cover what’s going on with oil prices, interest rates, and bonds today. They recap the stock market’s winners and losers from May and update the barbell stock portfolio strategy for June. Tune in to find out what to look for in this week’s earnings reports from Palo Alto Networks PANW, CrowdStrike CRWD and Broadcom AVGO and whether Nvidia NVDA, Marvell Technology MRVL, or Salesforce CRM look like stocks to buy after earnings.

They answer a viewer question about a wide-moat stock that’s fallen more than 30% in just a few weeks. And they wrap up the episode with several overvalued stocks to sell this month.

Episode Highlights 

00:00:00 Welcome 

00:02:08 What’s happening in the oil and bond markets. 

00:04:05 Will the Federal Reserve raise interest rates this year? 

00:07:13 Which sectors and investment styles performed best and worst in May—and how to structure a stock portfolio for June. 

00:12:38 Tech earnings to watch this week.

00:18:10 Is Nvidia NVDA a stock to buy today? 

00:36:43 Sell these overvalued stocks.

 

Read about topics from this episode. 

US Stock Market Outlook: It’s Time to Reallocate from Growth to Value
Dave Sekera’s Complete Archive

 

Got a question for Dave? Send it to themorningfilter@morningstar.com. 

 

You can follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research, and follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

 

If you would like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this bonus episode of The Morning Filter podcast, co-host Dave Sekera and Morningstar senior equity analyst Dan Romanoff take a deep dive into one of Sekera’s top stock picks: Microsoft MSFT. Microsoft isn’t just a software company; it’s a portfolio of businesses, and Sekera and Romanoff discuss the company’s individual segments. They cover why Microsoft remains a wide moat company in the face of AI disruption and walk through its moat sources.

They unpack Morningstar’s forecasts for the company’s AI spending, revenue, and margins, and explain how Romanoff arrives at a $600 fair value estimate for Microsoft stock. They wrap up with a discussion about the key risks Microsoft faces today.

Episode Highlights 

00:00:00 Welcome

00:01:44 Microsoft isn’t a typical software company.

00:07:50 What Microsoft’s key competitive advantages are and why they’re durable.

00:15:58 How much Microsoft might spend on artificial intelligence and how quickly revenue could grow in relation to the company’s AI build out.

00:26:50 Forecasts for Microsoft’s revenue, operating margin, and earnings.

00:34:27 Why Morningstar is more constructive on Microsoft stock today than the market is.

 

00:43:33 The biggest risk to our $600 valuation on Microsoft stock.

 

Read about topics from this episode. 

After Earnings, Is Microsoft a Buy, Sell or Fairly Valued?
Microsoft Earnings: Azure and Capital Expenditures Are Expected to Accelerate

MSFT: This Might Be the Best Core Stock Bargain in the Market Today

 

Have an idea for a bonus episode? Send it to themorningfilter@morningstar.com.

 

You can follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research, and follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

 

If you would like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss why stock investors should learn how to tell the difference between signal and noise when evaluating investments. They review examples of both and cover how, over time, noise can become signal. Tune in to find out what resources investors can use to discern signal from noise, why an SEC-proposed change to company reporting may make it more difficult to tell the difference, and whether artificial intelligence is more noise or more signal.

They wrap up with 3 misunderstood stocks to buy because investors are confusing signal and noise. And as a bonus, they share an overvalued stock to sell that’s shooting out the lights based on noise, too.

Episode Highlights 

Why it’s important for investors to understand the difference between signal and noise.

Signal can change long-term cash flows and impact a company’s competitive advantages while noise only affects short-term expectations and sentiment.

Noise can become signal over time. Here’s where to look for signs of that and what to look for.

Is it too early to separate signal from noise when it comes to the impact AI may have on companies?

Misunderstood stocks that look undervalued because investors are confusing signal and noise.

 

Read about topics from this episode. 

US Stock Market Outlook: Where to Find Value After April’s Rally: https://www.morningstar.com/markets/us-stock-market-outlook-where-find-value-after-aprils-rally

See David Sekera’s Archive: https://www.morningstar.com/people/david-sekera

 

 

Got a question for Dave? Send it to themorningfilter@morningstar.com.

 

Follow us on social media.

Dave Sekera on X: @MstarMarkets https://x.com/MstarMarkets

Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera

Facebook: https://www.facebook.com/MorningstarInc/

X: https://x.com/MorningstarInc

Instagram: https://www.instagram.com/morningstarinc/?hl=en

LinkedIn: https://www.linkedin.com/company/morningstar/posts/?feedView=all

 

If you would like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.