In this episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski discuss what the oil futures chain is telling investors today and the impact an extended conflict could have on the consumer, the economy, and Fed policy. They also cover what to watch for from this week’s Fed meeting and why to watch Micron Technology’s earnings. They unpack new research from Morningstar about AI disruption and economic moats and walk through economic moat downgrades on Adobe ADBE, Salesforce CRM, and ServiceNow NOW. Tune in to find out why Microsoft’s economic moat looks AI resilient and which two companies’ competitive advantages should be strengthened by AI.

They discuss Oracle’s ORCL pop after earnings, some things that stood out from earnings season, and whether Campbell’s CPB is a buy after reporting. This week’s stock picks are all companies whose wide moat ratings look solid in the face of AI disruption and whose stocks are undervalued.

Episode Highlights

00:00:00 Welcome

00:04:10 What impact the Iran War may have on the consumer, the economy, and Fed policy this year.

00:08:55 Why to watch Micron Technology’s MU earnings this week.

00:14:43 3 big companies that’ll be disrupted by AI—and why Microsoft MSFT isn’t one of them.

00:23:09 Takeaways from earnings season.

00:35:14 Stock picks: 5 AI-resilient companies whose stocks look undervalued.

Read about topics from this episode.

What AI Means for Software Companies’ Moats

US Stock Market Outlook: Where We See Investing Opportunities in March

Read Dave’s complete archive.

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

You can 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, and follow Morningstar on Facebook (MorningstarInc), X (@MorningstarInc), Instagram (MorningstarInc) and LinkedIn (Morningstar).

Viewers who’d like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!

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