The Morning Filter

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.

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.

On this week’s episode of The Morning Filter, Dave Sekera and Susan Dziubinski unpack Fed Chair Powell’s comments after the Federal Reserve’s 25 basis interest rate cut last week and preview the upcoming PCE reading. Dave explains why he’ll be watching the earnings reports for AutoZone AZO and Costco COST this week—and why he disagrees with President Trump’s suggestion that companies do away with quarterly reports. They also cover what investors can learn from last week’s earnings reports from Lennar LEN, FedEx FDX and Darden Restaurants DRI. Tune in to find which stocks in the news last week look like stocks to sell today. And Dave’s stock picks this episode are all undervalued stocks to buy from a part of the market that’s often overlooked: mid-caps. Episode Highlights Interest Rate Cuts: What’s Next? Should Companies Do Away with Quarterly Reports? Which Stocks in the News to Sell Stocks to Buy While They’re Still Off-Radar Read about topics from this episode. Read Dave’s latest stock market outlook: https://www.morningstar.com/markets/stock-market-outlook-where-we-see-investing-opportunities-septemberAre Mid-Cap Stocks the Sweet Spot for Investors Today? https://www.morningstar.com/stocks/are-mid-cap-stocks-sweet-spot-investors-today Got a question for Dave? Send it to themorningfilter@morningstar.com. Follow us on social media.Dave Sekera on X: @MstarMarketsDave Sekera on LinkedIn: https://www.linkedin.com/in/davesekeraFacebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/ Viewers who’d like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Read more from Susan Dziubinski and Dave Sekera.Subscribe to The Morning Filter to get notified when we post. We’ll see you next Monday! 

The potential impacts of the Federal Reserve's interest rate cuts are under scrutiny, with key earnings reports from companies like FedEx and Darden Restaurants on the horizon. Oracle's surprising forecast sparks nostalgia for late-90s tech booms. Small-cap stocks are highlighted as undervalued opportunities in a saturated market. Special guest Bryan Armour shares insights on investing in smaller companies through ETFs. Lastly, the utility and real estate sectors are discussed as attractive options amidst changing economic conditions.

Explore the shifting economic landscape as hosts dive into the impact of potential Federal Reserve interest rate cuts. Discover five stocks positioned to thrive, including noteworthy mentions like Realty Income and ExxonMobil. They analyze Nvidia's rising fair value and question whether Marvell’s stock presents a buying opportunity despite recent turbulence. With discussions on inflation, tariffs, and evolving job market dynamics, listeners gain insights into strategic investment opportunities and market forecasts.

This podcast dives into the implications of recent remarks by the Federal Reserve Chair regarding economic growth and inflation. It explores the impact of a new tariff on EU exports and upcoming economic indicators. The hosts analyze major stocks like NVIDIA and Intel, as well as various small-cap opportunities that may offer substantial returns. They also discuss the speculative appeal of lithium stock Albemarle in light of the electric vehicle boom. Stay tuned for insightful tips on investments before discounts disappear!

Christine Benz, Morningstar’s director of personal finance, offers invaluable investment wisdom. She discusses the importance of portfolio diversification and avoiding overconfidence in today’s volatile market. Benz highlights the significance of core investments, such as mutual funds and ETFs, for retirees. She emphasizes the need for annual portfolio reviews and warns against common mistakes investors make during bull markets. Tune in to gain insights on building a smarter investment strategy and setting yourself up for a stable financial future.

This discussion delves into whether U.S. stocks are overvalued and the attractiveness of growth versus value stocks. Highlights include the impact of tariffs on key industries, notable insights from earnings reports of companies like Palantir and Eli Lilly, and the identification of undervalued stocks across sectors. The conversation also emphasizes market reactions to inflation metrics and presents specific stock recommendations, including a look at economic uncertainties and strategic investment opportunities.

Trade agreements and their impact are front and center as hosts explore recent negotiations with the EU, Canada, and Mexico. The disappointing July jobs report raises questions about the labor market's health. They dive into key earnings from tech giants like Meta and Apple, revealing robust performances. Insights on chemical and consumer defensive stocks highlight potential investment opportunities amid market fluctuations. Lastly, patience is emphasized as they discuss promising tech investments and the challenges faced by Boeing and UPS.

This week covers key economic events shaping the market, including the upcoming tariff deadline and Federal Reserve meetings. Insights into earnings from tech giants and chemical producers reveal exciting investment opportunities. The hosts discuss Tesla's guidance and dive into the telecom sector's performance, particularly T-Mobile's growth. They also explore stockholder shares in acquisitions and evaluate overvalued stocks, providing actionable recommendations on what to buy and sell after earnings.