The Morning Filter

On this episode of The Morning Filter podcast, Dave Sekera and Susan Dziubinski preview the December inflation numbers coming out this week and cover which other economic reports to watch. They discuss valuations of the big banks reporting in the next few days—including JP Morgan JPM, Bank of America BAC and Citigroup C—and expectations for earnings. President Trump wants to increase the defense budget; tune in to find out what that may mean for popular defense stocks like Lockheed Martin LMT, Northrop Grumman NOC, and others.
 
Dave shares his stock market outlook for 2026, including whether investors should overweight stocks today or pull back, which parts of the market are undervalued, and what risks could contribute to market volatility this year. They wrap the episode with stock picks to buy in January that Morningstar’s analysts like.
 
Episode Highlights 
00:00 Welcome 
05:59 Watching Inflation, Retail Sales, Bank Earnings 
15:39 Updates on STZ and Defense Stocks 
26:07 2026 Stock Market Outlook 
38:32 Stock Picks
Read about topics from this episode. 
Register for Dave's 2026 Outlook Webinar. https://www.morningstar.com/business/insights/webinars/quarterly-economic-outlook
Read Dave’s complete archive. https://www.morningstar.com/people/david-sekera
 
Got a question for Dave? Send it to [email protected].
 
Follow us on social media.
Dave Sekera on X: @MstarMarkets
Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera
Facebook: https://www.facebook.com/MorningstarInc/
X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/?hl=en
LinkedIn: https://www.linkedin.com/company/morningstar/posts/?feedView=all
 
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 and Dave:
Susan Dziubinski https://www.morningstar.com/people/susan-dziubinski
Dave Sekera https://www.morningstar.com/people/david-sekera
 
Subscribe to The Morning Filter to get notified when we post. We’ll see you next Monday!
 

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On this week’s episode of The Morning Filter podcast, Dave Sekera and Susan Dziubinski recap volatile 2025 and preview what may lie ahead in 2026. They discuss what to watch this week, including the earnings report from stock pick Constellation Brands STZ. They unpack Morningstar’s recent 50% fair value increase on Micron Technology MU stock, review results from Darden Restaurants DRI and FedEx FDX, and discuss whether Novo Nordisk NVO or Eli Lilly LLY is the better obesity drug stock to buy today. 
Dave shares some of his favorite resources for stock investors. They close with a discussion about stocks that make good core holdings: Tune in to learn which five core stocks look like attractive buys in the new year.
 
Episode Highlights 
00:00 Welcome
01:16 2025 Market Recap 
21:20 Micron’s Big Fair Value Increase 
32:34 Top Resources for Stock Investors 
39:05 Core Stocks to Buy and Hold
 
Read about topics from this episode. 
December 2025 Stock Market Outlook: Where We See Investment Opportunities
Read Dave’s complete archive.
 
Got a question for Dave? Send it to [email protected].
 
Follow us on social media.
Dave Sekera on X: @MstarMarkets
Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera
Facebook: https://www.facebook.com/MorningstarInc/
X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/?hl=en
LinkedIn: https://www.linkedin.com/company/morningstar/posts/?feedView=all
 
 
Viewers who’d like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Read more fromSusan Dziubinski and Dave Sekera.
Subscribe to The Morning Filter to get notified when we post. We’ll see you next Monday!

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On this week’s episode of The Morning Filter podcast, Dave Sekera and Susan Dziubinski take a look back at some of their best and worst stock buy and sell calls of 2025. Although Morningstar’s approach to stock investing is decidedly long term, they discuss why reviewing stock pick hits and misses each year on the podcast is nonetheless important.
They end wrap this week’s episode with four undervalued stock picks from 2025 that still look attractive heading into the new year.
 
Episode Highlights 
00:00:00  Welcome
00:01:25  Morningstar’s Stock Picking Strategy
00:06:03 How Our Stocks to Buy Did
00:38:10 How Our Stocks to Sell Did
00:46:38 Cheap Stock Picks for 2026
 
Read about topics from this episode. 
December 2025 Stock Market Outlook: Where We See Investment Opportunities
Read Dave’s complete archive.
 
Got a question for Dave? Send it to [email protected].
 
Follow us on social media.
Dave Sekera on X: @MstarMarkets
Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera
Facebook: https://www.facebook.com/MorningstarInc/
X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/?hl=en
LinkedIn: https://www.linkedin.com/company/morningstar/posts/?feedView=all
 
 
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!

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

On this week’s episode of The Morning Filter podcast, Dave Sekera and Susan Dziubinski discuss what’s next after the Federal Reserves 25-basis-point interest rate cut and which economic reports could move the market this week. Tune in to find out why to keep an eye on the earnings reports from Micron Technology MU, FedEx FDX, and Darden Restaurants DRI and whether Marvell Technology MRVL remains a stock to buy after a tough week. 
They unpack new earnings reports from Oracle ORCL, Adobe ADBE, and Costco COST, among others. And this week’s picks are stocks to put on a watch list to buy on weakness.
 
Episode Highlights 
00:00 Welcome 
01:07 Fed Meeting Recap 
04:35 On Radar: Economic Reports, Earnings 
12:05 Updates on ORCL, MRVL, ADBE, COST 
29:00 Stocks to Buy on Weakness
 
Read about topics from this episode. 
December 2025 Stock Market Outlook: Where We See Investment Opportunities
Read Dave’s complete archive.
 
Got a question for Dave? Send it to [email protected].
 
Follow us on social media.
Dave Sekera on X: @MstarMarkets
Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera
Facebook: https://www.facebook.com/MorningstarInc/
X: https://x.com/MorningstarInc
Instagram: https://www.instagram.com/morningstarinc/?hl=en
LinkedIn: https://www.linkedin.com/company/morningstar/posts/?feedView=all
 
 
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!

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

On this week’s episode of The Morning Filter podcast, Dave Sekera and Susan Dziubinski discuss the likelihood of a Federal Reserve interest rate cut and why to watch the earnings reports from Costo COST, Cambell’s CPB and Adobe ADBE this week. Tune in to find out which cybersecurity stocks are buys after earnings and whether Marvell Technology MRVL or Salesforce CRM remain top picks. 
They unpack the market’s current valuation: Are stocks overpriced, underpriced, or fairly valued today? This week’s stock picks are high-quality wide moat stocks to buy that can upgrade an investment portfolio in 2026.
 
Episode Highlights 
00:00 Welcome 
00:59 On Radar: Fed Meeting, Earnings 
08:51 New Research: Cybersecurity Firms, MRVL, More 
19:16 Updated Stock Market Outlook 
27:01 Wide Moat Stocks to Buy
 
Read about topics from this episode. 
December 2025 Stock Market Outlook: Where We See Investment Opportunities
 
Got a question for Dave? Send it to [email protected].
 
Follow us on social media.
Dave Sekera on X: @MstarMarkets
Dave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera
Facebook https://www.facebook.com/MorningstarInc/
X https://x.com/MorningstarInc
Instagram https://www.instagram.com/morningstarinc/?hl=en
LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all
 
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!
 

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