The Morning Filter 4 New Stocks to Buy Now and Hold for the Long Term
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Oct 6, 2025 Michael Field, Morningstar's Chief Europe Market Strategist, offers insights into Europe's stock market. He discusses the differential valuations between European and U.S. stocks, revealing a 3% discount for Europe. Field highlights attractive investment opportunities in countries like the Netherlands and Denmark, while cautioning about overvaluation in Spain and Italy. He recommends stocks such as SAP, RELX, and Diageo for U.S. investors seeking wide-moat, attractively valued options in Europe.
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Alternative Data Points Toward Fed Easing
- Alternative data like PMI, ISM, and ADP show prices edging up while labor weakens, implying easier Fed policy ahead.
- Dave Sekera concludes these indicators support another Fed rate cut despite missing government data.
Pepsi Versus Delta: Value Versus Hype
- Pepsi has a 13% discount, wide moat, and activist interest from Elliott that could unlock value.
- Delta trades at an 85% premium with no moat, making it vulnerable if travel demand weakens.
Cruise Stocks Ran Their Reopening Trade
- Carnival raised guidance and shows strong demand, but its price run reduces the margin of safety since 2023 lows.
- Dave says it remains four-star but is no longer a deep-value buy after the rally.