The Morning Filter 5 Stocks to Buy Before They’re Not Undervalued Any More
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Mar 2, 2026 Dave Sekera, Morningstar’s chief U.S. market strategist who provides market commentary and stock analysis. He discusses which earnings and economic reports to watch, whether Nvidia and Salesforce remain attractive, the AMD–Meta partnership, private credit risks revealed by Blue Owl, and five value stocks that still look appealing.
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Use Oil Prices As A Real-Time Risk Indicator
- Watch oil prices for real-time signals on geopolitical risk and market stress.
- Dave Sekera says oil and Brent reflect the fastest, most reliable information because major energy firms and macro funds act on up-to-date field and pipeline data.
Monthly Economic Data Are Less Useful Than Company Fundamentals
- Economic monthly data are increasingly noisy and less informative for portfolio decisions.
- Dave Sekera notes large downward revisions to payrolls in recent years, so focus on company fundamentals instead of month-to-month macro prints.
Focus On Multiyear Guidance For AI Chip Stocks
- In AI-related chip earnings, prioritize management guidance about multiyear demand, design wins, and hyperscaler CapEx rather than single-quarter beats.
- Dave Sekera says markets now price two-to-five year demand expectations, so listen for XPU vs TPU performance and backlog details.