The Morning Filter 3 Stocks to Buy While the Market Hits New Highs
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Feb 24, 2025 Dave Sekera, Morningstar's Chief U.S. markets strategist, dives into economic trends and stock analysis. He discusses the significance of GDP and inflation changes, offering a cautionary outlook on the market. The conversation shifts to NVIDIA, analyzing expectations ahead of its earnings report and its performance in AI workloads. Sekera also evaluates Walmart, Gilead Sciences, and Hasbro's recent financial results, revealing investment potentials amidst evolving consumer habits and market dynamics.
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15 Years of Market Volatility
- Dave Sequeira reflects on his 15 years at Morningstar, highlighting major market events.
- These include the 2008 financial crisis, European debt crisis, oil plunges, trade wars, and the pandemic.
GDP and Government Spending
- Fourth-quarter GDP growth is expected to remain stable, but future growth may slow.
- Increased government spending makes GDP harder to forecast and may hinder market growth.
Inflation and Market Outlook
- While headline inflation remains 'sticky,' core PCE is expected to decrease, indicating positive movement.
- However, with high valuations and slowing economic tailwinds, significant market gains are unlikely in the near term.