The Morning Filter

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski recap September’s market activity and discuss what types of stocks to invest in—and avoid—heading into October. Tune in to find out which earnings reports to watch for this week and why Morningstar cut its fair value estimate on Micron Technology by $150 after earnings.
They share new Morningstar research about McCormick and Carnival and answer viewer questions about former stock pick Clorox. They close the show with three stocks to sell and three stocks to buy in October.
Episode Highlights
September’s stock market recap: It could’ve been worse
What to invest in—and what to avoid—in October
Whether Constellation Brands’ STZ stock could pop after earnings this week
What drove Morningstar’s big fair value estimate cut on Micron Technology MU,
Whether McCormick MKC or Carnival CCL look like stocks to buy after reporting
An update on former stock pick Clorox CLX
Stocks to sell and stocks to buy for the new month

Read about topics from this episode.
Bonus episode: Why Broadcom Stock Is Worth $650
Read Dave’s complete archive.

Got a question for Dave? Send it to themorningfilter@morningstar.com.

Follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research. Follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

If you would like more information about any of the stocks Dave talked about today, you can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next.

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski weigh the impact that rising yields and lower oil prices had on the stock market last week. They look ahead to this week’s inflation and jobs reports, and cover what to watch for in the earnings reports from triple-digit-club member Micron Technology as well as Nike and McCormick. They share key takeaways from Costco’s COST and Darden Restaurants’ DRI results. And they provide updates on former stock picks Lennar and Berkshire Hathaway; tune in to find out which of the two is the better stock to buy today.
Hear what they think about the entertainment industry as an investment idea. They close the show with several stocks to buy that still look undervalued even after their recent rallies.
Episode Highlights
Is it time to worry about Treasury bond yields?
Which economic reports to watch this week.
Can Micron Technology’s MU momentum continue?
Nike NKE and McCormick MKC: Is either beleaguered stock worth buying before earnings?
Berkshire Hathaway’s BRK.A BRK.B big investment in Lennar LEN and which stock is the better buy today.
Our take on the entertainment industry.
Four stocks that are up a ton that have more room to run.

Read about topics from this episode.
September Stock Market Outlook: How to Position Your Portfolio During a Risky Stage
Read Dave’s complete archive.

Got a question for Dave? Send it to themorningfilter@morningstar.com.

Follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research. Follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

If you would like more information about any of the stocks Dave talked about today, you can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next.

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this bonus episode of The Morning Filter podcast, co-host Dave Sekera sits down with senior analyst William Kerwin to talk about Broadcom. They unpack the company’s three key business buckets—XPUs, networking chips, and software—and break down the company’s relationships with major customers like Alphabet, Anthropic, OpenAI, and Meta Platforms META. They also discuss the mix shift of AI spending over time, what that shift will mean for Broadcom’s business, and how Broadcom stacks up against its competitors.
Tune in to hear Morningstar’s forecasts for Broadcom’s revenue, earnings, cash flow, and margins, why we think Broadcom will maintain its wide Morningstar Economic Moat Rating despite the changing AI landscape, key assumptions behind our $650 fair value estimate, and why we believe the stock is underappreciated in the market.
Episode Highlights
0:00:00 Welcome

00:02:47 Broadcom’s AVGO key business lines. 

00:05:50 XPUs, GPUs, TPUs: What’s the difference? 

00:12:54 Where the relationship with Alphabet GOOGL may be headed—and what it could mean for Broadcom’s future. 

00:14:26 Who Broadcom’s competitors are today and what threat they pose. 

00:22:14 The potential impact of artificial intelligence regulation. 

00:23:01 Morningstar’s forecasts for Broadcom’s revenue, earnings, and profit margins. 
 
Read about topics from this episode.  
Broadcom Stock Fell 3% After Earnings Despite Immense AI Chip Demand 
Check out more research from William Kerwin. 
 
Got a question for Dave? Send it to themorningfilter@morningstar.com.  
 
Follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research. Follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar). 
 
If you would like more information about any of the stocks Dave talked about today, you can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. 
 
This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss last week’s market highlights, including the Fed’s interest-rate hike and the 10-year Treasury yield’s push above 5%, and debate how much longer the current bout of market uncertainty may last. They explain why to keep an eye on Costco and Darden Restaurants this week. And they review several former stock picks after earnings and reveal which remain stocks to buy today.
Tune in for a deeper dive into one of last week’s stock picks, Tesla. The show wraps with a few quality stocks to buy on recent weakness.
Episode Highlights
What mattered in the market last week
Earnings to have on radar: Costco COST and Darden Restaurants DRI
Which of these stock picks we still like today and which ones may be value traps: Lennar LEN, RH RH, Veeva Systems VEEV, CNH Industrial CNH, Northrop Grumman NOC, Hasbro HAS, Scotts Miracle Gro SMG
How we’re thinking about Tesla TSLA as an investment today
High-quality stocks that’ve pulled back and now look attractive

Read about topics from this episode.
September Stock Market Outlook: How to Position Your Portfolio During a Risky Stage
Read Dave’s complete archive.

Got a question for Dave? Send it to themorningfilter@morningstar.com.

Follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research. Follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

If you would like more information about any of the stocks Dave talked about today, you can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next.

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this new episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss whether the market is really undervalued and what risks investors need to keep on radar. They preview this week’s Fed meeting and some key earnings, too. Tune in to find out if cybersecurity’s Palo Alto Networks or Zscaler are buys after earnings, what to make of Ciena’s CIEN stock slump, and whether Medtronic and Amphenol remain stock picks after their recent rallies.
They answer a viewer question about the pros and cons of American Depositary Receipts (ADRs) as a way to invest internationally. The episode wraps up with seven undervalued mega-cap stocks to buy.
Episode Highlights
What today’s concentrated market undervaluation is telling investors and the risks to monitor
Expectations for this week’s Fed meeting
Whether cybersecurity stocks Palo Alto Networks PANW and Zscaler ZS look attractive after earnings
Unpacking good and bad news from former stock picks Medtronic MDT, Campbell’s CPB, Amphenol APH, and Lululemon LULU
What ADRs are and how they work
Mega-cap stocks to buy that look undervalued

Read about topics from this episode.
September Stock Market Outlook: How to Position Your Portfolio During a Risky Stage
Read Dave’s complete archive.

Got a question for Dave? Send it to themorningfilter@morningstar.com.

Follow Dave Sekera on X (@MstarMarkets) and on LinkedIn (Dave Sekera) to subscribe to his weekly newsletter and keep up to date with his latest research. Follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

If you would like more information about any of the stocks Dave talked about today, you can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next.

This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.