The Morning Filter 5 Stocks to Buy Before They Climb Higher
Sep 29, 2025
Explore the potential impacts of a government shutdown on investors and how recent PCE data might shift Fed expectations. Delve into Costco's earnings and its valuation conundrum, alongside AutoZone's long-term growth outlook. Get insights on Nvidia's strategic partnership with OpenAI and why Marvell's guidance eased market concerns. Discover which stocks, including Taiwan Semiconductor and Microsoft, show promise for growth amid market highs, while also reflecting on Q3 market trends.
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Shutdowns Rarely Tip The Economy
- Dave expects a short government shutdown with limited economic impact unless it becomes prolonged.
- Markets have largely priced shutdown risk already and remain focused on AI spending and economic data.
PCE Print Is Neutral For Fed Moves
- Core PCE came in at 2.9% year over year, matching forecasts.
- Dave sees this print as neutral for Fed decision-making in the short term.
Stronger GDP Injects Fed Uncertainty
- Revised Q2 GDP rose to 3.8%, higher than earlier estimates and briefly cut Fed-cut odds.
- Markets later rebounded and still expect October and December cuts, though volatility may rise.