The Morning Filter 5 Stocks to Buy to Upgrade Your Portfolio for 2026
Dec 8, 2025
Explore the potential for a Federal Reserve rate cut and its implications. Hear why Costco, Campbell's, and Adobe are capturing attention with their latest earnings. Dive into the cybersecurity landscape as top contenders like Zscaler and CrowdStrike are evaluated. Discover Marvell Technology's promising AI positioning and Salesforce's soaring revenue powered by AI. Get insights on market valuations, small-cap strategies, and the merits of high-quality wide-moat stocks. Plus, catch the latest trends from popular retailers and investment allocation tips for 2026!
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Fed Cut Priced In, Uncertainty After
- The market now prices a high probability of a Fed rate cut in December but doubts follow for early 2026 cuts.
- Morningstar's economist still expects several cuts next year concentrated in the earlier months.
Watch Costco For Execution, Not Hype
- Monitor Costco's membership, same-store sales, and margin trends each quarter before trusting its lofty valuation.
- Avoid assuming continued margin expansion; any miss could trigger a rapid sell-off.
Campbell's Seen As Deep Value
- Campbell's trades at a steep discount to Morningstar's fair value despite stable brands and a diversified portfolio.
- Morningstar models modest top-line growth and margin normalization, implying multi-year upside rather than an earnings catalyst this quarter.