The Morning Filter

In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss what economic and earnings reports to keep an eye on during this shortened trading week. Chewy’s stock skyrocketed after earnings last week; tune in to find out if the stock is a buy after the runup. They examine market valuations heading into the second quarter, revealing whether now is the time for investors to increase their exposure to US stocks. They also unpack which investment styles look most attractive today, as well as which sectors to take profits in and which sectors to invest the proceeds in.

They explain why Crowdstrike isn’t a top pick among cybersecurity stocks today. This week’s stock picks feature five undervalued stocks that Morningstar’s analysts like at the start of the second quarter.

Episode Highlights 

Read about topics from this episode. 

Register for Dave's Q2 Market Outlook webinar.

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

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).

Viewers who’d 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!

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In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss the market’s latest response to the ongoing war in Iran and explain what oil futures are telling investors. They unpack what’s going on in fixed income globally and whether the worst is yet to come in the private credit market. Tune in to find out just how big Morningstar’s fair value increase is on Micron after earnings and what drove an upgrade in Nvidia’s fair value, too. 

Speaking of fair value changes, the co-hosts answer a viewer question about why Oracle’s ORCL fair value has moved around so much lately. They wrap up with some attractive stocks to buy of companies that are brand powerhouses.

Episode Highlights 

00:00:00 Welcome

00:01:32Updates on the market’s response to the ongoing war and what oil markets are telling us.

00:11:26 What to watch in the US bond market today and what may be next for private credit.

00:17:25 Why to monitor international bonds.

00:21:16 Micron reported blowout results. Nvidia issued a stunning outlook for Blackwell and Rubin AI products. Why isn’t the market impressed?

00:33:12 Stock picks: top stocks with powerful brands to invest in.

Read about topics from this episode. 

US Stock Market Outlook: Where We See Investing Opportunities in March

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

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).

Viewers who’d 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!

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Today on The Morning Filter podcastwe’re bringing you a bonus episode from another Morningstar podcast: Investing Insights. Every Friday, host Ivanna Hampton sits down with investment experts across Morningstar to discuss their latest research. 

On this episode: The stock market has cooled on stocks caught up in the whirlwind of artificial intelligence. Fears over whether AI will disrupt a variety of sectors have triggered big sell-offs. Morningstar equity analysts have investigated 132 companies to determine whether that’s the case. They have concluded that AI is not a universal destroyer. The team thinks investors should sort through the wreckage and find newly cheap companies with enduring competitive advantages. Eric Compton, director of equity research for the technology sector at Morningstar, tells you where to look.

Read the Moat Ratings Guidebook Amid AI Disruption. 

Episode Highlights: 

00:00:00 Welcome

00:01:28 What are Moats, and How Does Morningstar Use Them?

00:04:11 In-Depth Analyst Review of 132 Companies

00:06:27 Why Cybersecurity Holds Up

00:10:02 Why Design Software Looks Resilient

00:13:10 How Financial Data Benefits From AI

00:15:32 Finding Opportunity After AI Selloffs

Subscribe to Investing Insightswherever you get your podcasts. We’ll be back on Monday with a new episode of The Morning Filter. 

Got a question for Dave? Send it to [email protected]. 

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).

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In this bonus episode of The Morning Filter podcast, co-host Dave Sekera talks with Morningstar senior analyst Malik Ahmed Khan about cybersecurity stocks. They discuss which cybersecurity segments are driving the industry’s growth and whether consolidation will play out in the industry. Tune in to find out what key risks the industry is facing today—and why AI isn’t one of them.

They unpack what it takes for cybersecurity companies to carve out economic moats and why so many of them earn wide economic moat ratings from Morningstar. They cover key differentiators among the biggest cybersecurity names. They close with a conversation about the three cybersecurity stocks that look most attractive today.

Episode Highlights 

00:00:00 Welcome

00:03:36 Which segments in cybersecurity are growing the fastest—and why that matters.

00:05:11 The case for cybersecurity stocks now.

00:08:50 The impact AI may have on cybersecurity companies and their economic moats.

00:22:48 How cybersecurity companies differ from each other.

00:24:43 The best cybersecurity stocks to invest in today.

Read about topics from this episode. 

Moat, Valuation, and Uncertainty Changes as We Reassess Our Cybersecurity Coverage With AI In Mind

Anthropic’s Claude Code Security Release Is Not Bad News for Cyber Stocks

Palo Alto Earnings: We See Continued Traction on Platformization

Got a question for Dave? Send it to [email protected]. 

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).

Viewers who’d 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 what the oil futures chain is telling investors today and the impact an extended conflict could have on the consumer, the economy, and Fed policy. They also cover what to watch for from this week’s Fed meeting and why to watch Micron Technology’s earnings. They unpack new research from Morningstar about AI disruption and economic moats and walk through economic moat downgrades on Adobe ADBE, Salesforce CRM, and ServiceNow NOW. Tune in to find out why Microsoft’s economic moat looks AI resilient and which two companies’ competitive advantages should be strengthened by AI.

They discuss Oracle’s ORCL pop after earnings, some things that stood out from earnings season, and whether Campbell’s CPB is a buy after reporting. This week’s stock picks are all companies whose wide moat ratings look solid in the face of AI disruption and whose stocks are undervalued.

Episode Highlights 

00:00:00 Welcome 

00:04:10 What impact the Iran War may have on the consumer, the economy, and Fed policy this year. 

00:08:55 Why to watch Micron Technology’s MU earnings this week. 

00:14:43 3 big companies that’ll be disrupted by AI—and why Microsoft MSFT isn’t one of them. 

00:23:09 Takeaways from earnings season. 

00:35:14 Stock picks: 5 AI-resilient companies whose stocks look undervalued.

Read about topics from this episode. 

What AI Means for Software Companies’ Moats

US Stock Market Outlook: Where We See Investing Opportunities in March

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

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).

Viewers who’d 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 the impact the war in Iran has had on the markets so far and how a prolonged conflict could impact inflation and the Federal Reserve’s interest-rate stance. They cover what the war means for oil stocks, defense stocks, and other industries. On the earnings front, they unpack results from Okta OKTA and Marvell Technology MRVL and dissect Morningstar’s upgrade on Crowdstrike. Is now a back-up-the-truck moment for Broadcom’s stock? Tune in to find out.

They answer a viewer’s question about how to know when it’s time to sell a stock. And they discuss a trio of stocks to sell that look overpriced today and three stocks to buy instead that look attractive.

Episode Highlights 

00:00:00 Welcome

00:02:09 What impact the war in Iran is having on the US stock market—and what it might mean for inflation and the Fed’s next move. 

00:05:43 Is it too late to buy defense and oil stocks? 

00:14:52 Whether Broadcom AVGO is a buy after earnings and key takeaways from the recent results of other technology companies. 

00:18:52 A deep dive into Crowdstrike’s CRWD big upgrade. 

00:23:13 How to position a stock portfolio after the market’s rotation.

00:27:11 Knowing when it’s time to sell a stock—or at least begin scaling back. 

00:32:17 Overvalued stocks to sell and undervalued stocks to buy instead.

Note: In the March 9, 2026, episode of The Morning Filter titled 3 Stocks to Sell and 3 Stocks to Buy Instead, we removed the commentary about private credit as a percentage of base management fees because we are unable to determine equivalent comparisons across alternative asset managers.

Read about topics from this episode. 

US Stock Market Outlook: Where We See Investing Opportunities in March

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

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).

Viewers who’d 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 Susan Dziubinski talks with Morningstar senior analyst Gregg Warren about Berkshire Hathaway now that Warren Buffett has stepped down as CEO. They cover where new CEO Greg Abel might focus his efforts first, how likely it is that Berkshire will make an acquisition in the near future, and why the firm won’t pay a dividend any time soon.

They also discuss if Berkshire will offload its big stake in Kraft Heinz, if the firm is likely to sell more of its stake in Apple AAPL and Bank of America BAC, and which stocks might be cut from its public portfolio. Is Berkshire still a good stock to buy today without Buffett in charge? Tune in to find out.

Episode Highlights 

00:00:00 Welcome

00:07:42 What new Berkshire Hathaway BRK.A BRK.B CEO Greg Abel may do differently.

00:09:30 Berkshire will probably bail on Kraft Heinz KHC. Here’s which other stocks it might sell.

00:22:25  The acquisition that Berkshire Hathaway should make.

00:28:24 Why Berkshire stillwon’t pay a dividend despite its massive cash hoard.

00:31:25 Whether Berkshire Hathaway stock is a agood investmenttoday.

Read about topics from this episode. 

Berkshire Hathaway: Greg Abel Goes Conservative With His Debut Annual Letter to Shareholders

Berkshire Hathaway Earnings: Cash Hits Record $373 Billion on Mostly Solid Results Across the Firm

Berkshire Hathaway: Apple and BofA Sales Fund Purchases of Chevron, Chubb, NYT, Domino’s, and Lamar https://www.morningstar.com/stocks/berkshire-hathaway-apple-bofa-sales-fund-purchases-chevron-chubb-nyt-dominos-lamar

Got a question for Dave? Send it to [email protected].

Love The Morning Filter? Help us make the show even better by taking this quick survey.

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).

Viewers who’d 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, co-hosts Dave Sekera and Susan Dziubinski discuss which economic and earnings reports to keep an eye on this week. They cover new research about whether Nvidia can continue its winning ways, if Salesforce is a buy after earnings, and what to make of the AMD/Meta Platforms deal. Tune in to find out which stock saw a big cut in its fair value estimate last week and how to think about Diageo DEO after its dividend reduction. 

They unpack what’s going on in the private credit market and what lessons can be found in the Blue Owl mess. Value stocks are outperforming: They talk about a handful that still look relatively attractive and why.

Episode Highlights 

00:06:45 Why we’ll be watching the earnings reports from Broadcom AVGO, Marvell Technology MRVL and two cybersecurity companies.

00:13:17 Whether Nvidia NVDA looks like a buy after its earnings beat and forecast hike.

00:18:43 Who wins in the Advanced Micro Devices AMD/Meta Platforms META deal.

00:23:20 The fallout from Blue Owl OWL and the increasing risk in the private credit market.

00:29:46 30:34 What takeover talk for PayPal PYPL may mean for its stock.

00:32:35 Value stocks are back. Here’s why we think these five value stocks to buy have more room to run.

Read about topics from this episode. 

Private Credit Quality Continues to Weaken

Why AI Worries About Software Are Hitting Private Credit

Alternative Asset Managers: Blue Owl Disclosure Drives Share Prices of Alternative Managers Lower

US Stock Market Outlook: Where We See Investing Opportunities in February

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

Love The Morning Filter? Help us make the show even better by taking this quick survey.

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).

Viewers who’d 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, co-hosts Dave Sekera and Susan Dziubinski unpack what the Supreme Court’s ruling on the Trump Administration’s emergency tariffs may mean for markets. They also discuss whether the AI-fueled stock market selloff has gone too far and where the opportunities may lie for investors today. They discuss if Nvidia’s earnings report this week can lead to a recovery in AI-related stocks and if earnings releases from Salesforce CRM or Workday WDAY could lift their struggling stocks. Tune in to find out what to make of Walmart’s WMT results, plus what Kraft Heinz’s KHC breakup flip-flop and Elliot’s investment in Norwegian Cruise Lines NCLH may mean for their stocks. 

They reveal which rallying hardware stocks look at risk. And this week’s stock picks are five companies whose stocks have suffered exaggerated pullbacks and that look like attractive stocks to buy before they recover.

Episode Highlights 

00:00:00 Good Morning!

00:01:15 What the Supreme Court’s ruling against some Trump tariffs may mean for investors.

00:07:54 Where the stock market’s AI fears are justified—and where they’re overblown.

00:14:03 Whether Nvidia’s NVDA earnings release could revive the AI trade.

00:23:16 The hardware stocks to avoid.

00:28:22 Stock Picks of the Week: stocks that sold off too much and now look like bargains.

Read about topics from this episode. 

US Stock Market Outlook: Where We See Investing Opportunities in February

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected]. 

Love The Morning Filter? Help us make the show even better by taking this quick survey.

You can follow Dave Sekera on X (@MstarMarkets) andon 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).

Viewers who’d 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, co-hosts Dave Sekera and Susan Dziubinski discuss whether last week’s software stock selloff was overdone and if the AI trade is dead. They cover why Zimmer Biomet ZBH and Applied Materials AMAT are earnings reports to watch and what this week’s CPI numbers could mean for the market. Tune in to find out if Alphabet GOOGL, Amazon.com AMZN, Advanced Micro Devices AMD, or Palantir PLTR are stocks to buy after earnings—and which stock just received a 78% fair value upgrade from Morningstar.

They review Dave’s latest stock market outlook and whether there’s any opportunity left in small-cap stocks after their run-up. They close with four stock picks that currently trade at big discounts now but that may not be for long.

Episode Highlights 

00:00:00 Welcome 

00:01:58 Software Stocks & The AI Trade 

00:07:58 On Radar: CPI & Earnings Reports 

00:11:14 Latest: GOOGL, AMZN, Outlook 

00:27:01 Stock Picks of the Week

Read about topics from this episode. 

US Stock Market Outlook: Where We See Investing Opportunities in February

Read Dave’s complete archive.

Got a question for Dave? Send it to [email protected].

Follow us on social media.

Dave Sekera on X: @MstarMarkets

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Viewers who’d 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. We’ll see you next Monday!

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