The Morning Filter

Morningstar
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Every Monday, Susan Dziubinski sits down with Morningstar chief US market strategist Dave Sekera to discuss one thing that’s on his radar this week, one new piece of Morningstar research, and a few stock picks or pans for the week ahead.

  1. 2d ago

    3 Stocks to Buy Before the Market Reprices Them

    In this new episode of The Morning Filter podcast, co-host Susan Dziubinski previews this week’s PCE numbers and explains why to watch the upcoming earnings reports from Micron Technology, FedEx FDX and Carnival CCL. She sits down with Morningstar senior technology stock analyst Will Kerwin to talk all things Apple, including the strength of the company’s economic moat, its AI strategy, the biggest risks it’s facing today, and what the stock is actually worth. They also discuss the challenges of valuing AI companies while so much is still unknown and whether investors should be willing to pay up for top AI stocks. They wrap with three tech stocks to buy that look attractive and several tech stocks that look “bubbly” today. Episode Highlights  What this week’s inflation numbers may mean for the market Why to watch Micron Technology’s MU earnings report this week Whether Apple’s AAPL AI strategy is misguided and the risks the company is facing today Are Morningstar’s valuations on AI stocks too conservative? Undervalued stocks to buy before Wall Street catches on   Read about topics from this episode.  Apple: Hey Siri, Let's Get Apple's AI Strategy Back on Track After Earnings, Is Broadcom Stock a Buy, a Sell, or Fairly Valued? After Earnings, Is Arista Networks Stock a Buy, a Sell, or Fairly Valued? This Could Be One of the Best Growth Stock Buys in Today’s Market 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.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min

  2. Jun 15

    5 of the Best Core Stocks to Own

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

    17 min

  3. Jun 8

    5 Stocks to Buy Before the Next Market Rotation

    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 OutlookSpaceX: 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.

    52 min

  4. Jun 1

    5 Stocks to Sell in June

    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 ValueDave 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.

    56 min

  5. May 27 ·  Bonus

    Why Microsoft Stock Is Worth $600

    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.

    51 min

  6. May 18

    3 Misunderstood Stocks to Buy

    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.

    32 min

  7. May 11

    4 Stocks to Buy After Earnings

    In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski recap last week’s market performance considering new developments in the Iran War. They cover why US investors should watch the Japanese yen, if inflation reports could rattle markets this week, and what to listen for in the upcoming earnings reports from Applied Materials AMAT and Cisco CSCO. Tune in to find out if AMD, Palantir PLTR and ARM ARM look attractive after reporting earnings. They discuss why Fortinet FTNT soared last week and brought other cybersecurity stocks along for the ride. Then unpack an under-discussed Morningstar rating that encapsulates the quality of a company’s management team. They conclude this week’s episode with four stock picks to invest in after earnings. Episode Highlights  Why to watch the Japanese yen What this week’s inflation reports could mean for the US stock market Which AI companies reporting this week to keep an eye on After reporting stellar results, is Advanced Micro Devices AMD a buy? How to use Morningstar’s Capital Allocation Rating when analyzing stocks to invest in Undervalued stocks to buy after earnings     Read about topics from this episode.  US Stock Market Outlook: Where to Find Value After April’s Rally See David Sekera’s 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.

    39 min

  8. May 4

    3 Overvalued Stocks to Take Profits In and 3 Undervalued Stocks to Buy Instead

    In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski cover the latest in the war and the market, the GDP print, and the Fed meeting. They update the stock barbell strategy heading into May. Key earnings releases this week include Advanced Micro Devices AMD and Fortinet FTNT; tune in to find out why.  They reveal which of the big tech stocks—Alphabet GOOGL, Microsoft MSFT, Meta Platforms META, Amazon.com AMZN and Apple AAPL—look like stocks to buy after earnings. The episode wraps with three overvalued stocks to take profits in and three undervalued stocks to buy instead. Episode Highlights  The one theme driving economic growth today How to position your stock portfolio for the new month Which earnings reports to watch for in the week ahead Top insights from big tech earnings Stocks to lock in gains and promising stocks to buy instead   Read about topics from this episode.  Q2 2026 Stock Market Outlook: Don’t Panic, Readjust Read Dave’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.

    44 min
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Every Monday, Susan Dziubinski sits down with Morningstar chief US market strategist Dave Sekera to discuss one thing that’s on his radar this week, one new piece of Morningstar research, and a few stock picks or pans for the week ahead.

Information

  • Channel
    Morningstar
  • Creator
    Morningstar, Susan Dziubinski - Investment Specialist, Dave Sekera - Chief U.S. Markets Strategist
  • Years Active
    2025 - 2026
  • Episodes
    75
  • Rating
    Clean
  • Copyright
    © 2025 Morningstar, Inc.
  • Show Website
    The Morning Filter

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