The Morning Filter
4 Core Stocks to Buy and Hold During Tariff Turbulence
Apr 14, 2025
Damian Conover, Director of Equity Research at Morningstar, shares insights on stock valuations amid tariff uncertainties. He emphasizes the significance of economic moats and fair value estimates in investment decisions. Recent earnings from major banks like JPMorgan and Wells Fargo are also dissected, with discussions on their performance in the face of potential recession impacts. Conover highlights key stocks for long-term investment, including Microsoft and NextEra Energy, showcasing their resilience and growth potential in challenging markets.
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Quick takeaways
- Recent market conditions reveal a significant potential for undervalued stocks in the S&P 500, particularly amidst ongoing tariff uncertainties.
- Companies like Microsoft and Deere are recommended as core holdings due to their strong economic moats and resilience in volatile markets.
Deep dives
Market Recap and Tariff Impact
Recent market activity saw a significant upward trend following President Trump's announcement of a 90-day pause on tariffs, although this pause notably excludes China. The S&P 500 experienced gains of over 9%, attributed to short covering and investor sentiment shifting away from worst-case scenarios. Despite this rally, experts suggest caution as the overall market remains down approximately 9% year-to-date, with continued risk stemming from high tariffs on China. Expectations of heightened market volatility persist as investor confidence may be influenced by ongoing trade negotiations.
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