The Morning Filter 5 Long-Term Stocks to Buy Now and Hold for Decades
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Apr 20, 2026 They discuss why the market hit new highs and whether valuations hide concentration risk. They debate Intel’s rally and what to watch in upcoming tech and bank results. They review Netflix, ASML, TSMC, and J&J earnings reactions. They explore whether true buy-and-hold works and present five undervalued long-term stock picks like Microsoft, Berkshire, McCormick, S&P Global, and Duke Energy.
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Private Credit Stress Could Weigh On Private Equity Marks
- Weakness in private credit likely means markdowns not only there but potentially in related private equity marks across managers like Blackstone.
- Expect more scrutiny on how firms mark private assets and potential downward skew in valuations.
Boring Bank Earnings Are Reassuring
- Big bank results were boring, which is positive because volatility or surprises at banks often signal broader trouble.
- Net interest income guidance, consumer behavior, and private credit exposures were largely in line with expectations.
Netflix Guidance Disappointed Despite Beat
- Netflix beat the quarter but kept guidance flat after a surprise price increase, spooking the market that underlying growth may be weaker.
- Stock fell ~10% and remains above Morningstar's $80 fair value, implying more downside if growth expectations reprice.