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.