In this two-part episode, Dan Romanoff, a senior equity analyst for Morningstar Research Services, talks about Microsoft’s AI advantage and its closest competition. Timestamps: Big Tech and AI What Gives the More Established Companies an Edge? Small Companies and AI What’s Next for Microsoft and AI? How to Integrate AI Will People Have to Pay to Interact With for Artificial Intelligence? AI Hype vs. AI Reality Will Google Be Next to Lead the AI Race? The Chase in the AI Race Microsoft Stock Outl...
Aug 17, 2023•20 min•Ep. 229
: In this two-part episode, Dan Romanoff, a senior equity analyst for Morningstar Research Services, talks about Microsoft’s AI advantage and its closest competition. Timestamps: OpenAI’s Origin Story OpenAI Dropped ChatGPT-4 Microsoft and Open AI Partnership What is AI’s Market Size? NVIDIA’s Role in Microsoft's AI Read about topics from this episode. After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued? Microsoft and AI: Believe the Hype? Microsoft Earnings: Solid Performance, Wi...
Aug 10, 2023•18 min•Ep. 228
In today’s episode, Preston Caldwell, senior U.S. economist for Morningstar Research Services, explains why he thinks the Federal Reserve is done raising interest rates and when he expects the cuts to start. Meta’s “App-y” Family Microsoft’s Strong Q4 Barbie Boost Could Fall Interest Rates Outlook Will There Be Future Interest Rate Hikes? Inflation Is Falling The Economy is Strong How Long Will Economic Growth Last? When Will the Fed Start Cutting Interest Rates? Retiring Earlier Than Expected? ...
Aug 04, 2023•21 min•Ep. 227
In today’s episode, Madeline Hume, a NEXT senior research analyst for Morningstar Research Services, talks about how high cash rates will affect bonds. Netflix Surpassed Expectations United Airlines Q2 Results Soared PNC Projected Slower Growth Inflation, Cash, and Bonds Bond Outlook 2023 Why Should Investors Consider Bonds? Opportunity Costs of Holding Money in Bond Funds Income In Investor’s Portfolio 5 Surprising Investments That Shouldn’t Be Long-Term Core Holdings Read about topics from thi...
Jul 28, 2023•17 min•Ep. 226
In today’s episode, Ryan Jackson, a manager research analyst for Morningstar Research Services, talks about how the Nasdaq 100 rebalancing will affect Invesco QQQ Trust and other funds tracking the growth-focused index. Timestamps JPMorgan Starts Strong in Q3 Threads Breaks Records, but Will It Produce Profits? Uber and Dominos Deliver a New Deal The Nasdaq 100 Needs Changing What is the Nasdaq 100? The ‘Magnificent Seven’ The Nasdaq’s Special Rebalance Which Companies Will Gain from the Rebalan...
Jul 21, 2023•22 min•Ep. 225
In today’s episode, Morningstar Inc’s Dr. Danielle Labotka, behavioral scientist, and Sam Lamas, senior behavioral researcher, explore the emotions around asking for help with money. How Many People in the U.S. Work with Financial Advisors? Financial Need and Financial Advisors Most Common Reasons for Hiring a Financial Advisor Behavioral Coaching What If It’s Not a Match? What Should You Ask Yourself Before Hiring an Advisor? Read about topics from this episode. Firing Your Financial Advisor? W...
Jul 14, 2023•10 min•Ep. 224
In today’s episode, Morningstar Inc’s Sam Lamas, senior behavioral researcher, and Dr. Danielle Labotka, behavioral scientist, discuss the importance of setting expectations on both sides. Why Do Investors Stop Working with Financial Advisors? 6 Most Common Reasons to Fire an Advisor What Are Investors Actually Looking For? Quality, Cost, and Performance Factor Money Conversations with Your Advisor How To Repair Your Relationship with Your Financial Advisor Who Is Most Likely to Breaking Up with...
Jul 07, 2023•11 min•Ep. 223
In today’s episode, Manan Agarwal, quantitative analyst for Morningstar Research Services, explains why cryptocurrencies aren’t hedges against stocks or inflation. What Makes Digital Assets Different from Traditional Assets? Unintended Cryptocurrency Exposures Companies With Crypto Exposure Bitcoin’s Extreme Volatility How Do Funds Invest in Cryptocurrency? Bank Collapse Ripple Effects Bitcoin and Altcoins During Bull and Bear Markets Is Crypto a Hedge Against Stocks and Inflation? How Do Invest...
Jun 30, 2023•18 min•Ep. 222
In today’s episode, Tom Lauricella, Morningstar Inc’s chief markets editor and Smart Investor newsletter editor, talks about the hype versus reality in the AI boom and the optimism about a soft landing. Timestamps 00:00 Introduction 00:31 The Fed Holds Rates Steady 01:39 Bank Failures 02:31 Jerome Powell’s Thoughts On Inflation 03:26 Outlook For Interest Rate Cuts 04:25 Are We in a Bull Market? 05:20 Concentrated Stock Markets 07:08 AI and the Stock Market Rally 08:13 Look Under the AI Hood 09:0...
Jun 23, 2023•15 min•Ep. 221
In today’s episode, Kiersten and Julien Saunders, rich & REGULAR podcast hosts and authors of “Cashing Out,” discuss how they made FIRE work for their lifestyle, the weight of building generational wealth, and why “elevating the everyday” is important. rich & REGULAR hosts at the Morningstar Investment Conference Are You Comfortable Talking About Money? Joining the FIRE Movement Building Generational Wealth The Racial Wealth Gap How to Turn a Side Hustle into Extra Wealth "Are We…an Aldi...
Jun 16, 2023•24 min•Ep. 220
Everyone’s been talking about the drug semaglutide, used to treat Type 2 diabetes. It’s marketed under the brand names Ozempic, Wegovy, and now, Mounjaro. Are any of the drugmakers a buy? Salesforce’s Successful Quarter HP is Having Problems Macy’s Misses the Mark Diabetes Drugs Take Over Biotech Frontrunners Why is Pfizer Underperforming? Semaglutide Risks Biotech Stock Picks What Higher Yields Mean for Retired ‘Bucket’ Investors Read about topics from this episode. Salesforce Earnings: Margins...
Jun 09, 2023•20 min•Ep. 219
In today’s episode, Jack Shannon, equities strategies senior analyst for Morningstar Research Services, talks about why active fund managers seemed to repeat the same mistakes. Why did you decide to analyze these two investing periods? Examples of the market chasing companies pursuing growth at any cost What do you think drove active fund managers to snap up growth stocks as valuations skyrocketed? How can individual investors spot a bubble? Tech Bubble damage What surprised you when you compare...
Jun 02, 2023•16 min•Ep. 218
In today’s episode, Mark Miller, a Morningstar contributor, and author of “Retirement Reboot,” discusses the debate over whether HSAs are the right path to expand affordable healthcare. Home Depot Gets Hit Investors Should Wait on Target Walmart Wows in Economic Environment Shopping for a 529 Plan? HSA Boost in 2024 New HSA Contributions HSAs May Work Best as Tax Shelters Using HSAs in New Ways Paths to Healthcare Coverage How To Recession-Proof Your Portfolio Read about topics from this episode...
May 26, 2023•21 min•Ep. 217
In today’s episode, Preston Caldwell, senior U.S. economist for Morningstar Research Services, discusses the U.S. debt ceiling, banking sector crisis, and strong jobs market. Introduction Disney’s Disappointing Fiscal Q2 PayPal Strong Start to 2023 Shopify’s Stellar Quarter Talk about where it looks like inflation is headed. - What are your thoughts on whether we're headed toward an 11th interest rate hike or a pause? What's happening in the jobs market? What is the debt ceiling and how does it ...
May 19, 2023•17 min•Ep. 216
In today’s episode, Bryan Armour, director of passive strategies research for North America for Morningstar Research Services, discusses what costs can tell investors about a fund’s success. Introduction Apple outperforms in iPhone and services SoFi Technolgies benefit from more deposits and rising interest rates Ford's first-quarter earnings beat estimates Coinbase’s losses narrow The Active ETF boom & 3 investment ideas Best Practices for Tax-Efficient Portfolio Management Read about topic...
May 12, 2023•24 min•Ep. 215
In today’s episode, Gregg Warren, a senior stock analyst for Morningstar Research Services, talks about Berkshire’s excess cash and whether the firm’s class B stock is a buy. Timestamps: Facebook and Instagram parent Meta has reported first-quarter growth. Microsoft reported a strong fiscal third quarter E-commerce and advertising growth drove Amazon's first-quarter results. Southwest Airlines’ first quarter results arrived as expected. Berkshire Hathaways' annual meetings What are you listening...
May 05, 2023•27 min•Ep. 214
In today’s episode, Russ Kinnel, director of manager research for Morningstar Research Services, and Tom Lauricella, chief markets editor for Morningstar Inc., discuss several conference themes, including the banking crisis, bonds, and growth stocks. What was the overall sentiment about the markets and risks of a recession? Highlights from PIMCO’s Dan Ivascyn’s viewpoint on bonds Growth stocks outlook Insights from Schwab’s Liz Ann Sonders on global challenges’ impacting markets Takeaways from F...
Apr 28, 2023•20 min•Ep. 213
In today’s episode, Leslie Norton, Morningstar Inc’s editorial director for sustainability, talks about Earth Day 2023 and sustainable investing. JPMorgan Chase’s Profits Look Strong Delta’s Soaring Operating Costs Warner Bros. Releasing “Max” Investment in Climate Tech The Inflation Reduction Act and Greenhouse Gas Emissions Carbon Tech’s Record-Breaking Year Tough Market Climate for Climate Tech What Should Investors Know About Sustainable Investing and Earth Day? Earth Day 2023 coverage on Mo...
Apr 21, 2023•22 min•Ep. 212
In this two-part episode, Dave Whiston, U.S. autos equity analyst for Morningstar Research Services, discusses the industry’s outlook and two cheap stocks. Reasons to be optimistic about U.S. auto demand How are automakers going to convince people to buy or lease a new car? Will the trend of new car loan terms stretching out continue? Why drivers are now favoring crossovers and SUVs over sedans Tesla vs. GM electric vehicles GM is calling itself an auto tech company Cheap Auto Stock Picks Read a...
Apr 14, 2023•26 min•Ep. 211
In this two-part episode, Dave Whiston, U.S. autos equity analyst for Morningstar Research Services, discusses the industry’s outlook and two cheap stocks. 00:11 Introduction 00:42 Themes in the auto industry for 2023 01:28 Where does auto inventory stand now? 03:21 Which automakers took the brunt of this inventory drop? 05:37 When are used car prices expected to come down? 09:06 Recommendations for car buyers 09:51 What’s the trickledown effect on leasing? 11:29 Could we see an auto bubble? 13:...
Apr 07, 2023•21 min•Ep. 210
In today’s episode, Seth Goldstein, equities strategist for Morningstar Research Services, discusses the global forecast for electric vehicle expansion. 00:06 Introduction 00:35 Cash App owner pushes back against fraud claims 01:57 T. Rowe Price faces headwinds 02:56 Vanguard Dividend Growth’s manager to step down 04:05 Investing in the battery electric vehicle supply chain 08:00 Has Vanguard’s target-date fund series lost its edge? Read about topics from this episode. Short-Seller Hindenburg Cl...
Mar 31, 2023•15 min•Ep. 209
Most people think buying any one of the major U.S. indexes is a good bet, but we tell you why the Nasdaq 100 isn’t a particularly good investment, and you can gain some valuable insights into your financial and investment plans from your tax forms. 00:06 Introduction 00:25 T-Mobile Is Buying Mint Mobile 01:25 Uber, Lyft, and Door Dash Drivers Can Remain Independent Contractors 02:21 Potential TikTok Ban Could Benefit Rivals 03:18 Why the Nasdaq 100 Falls Short 10:06 What You Can Learn From Your ...
Mar 24, 2023•21 min•Ep. 208
In today’s episode, Travis Miller, an energy and utilities strategist for Morningstar Research Services, discusses the potential earnings growth for the utilities sector, and which stocks are undervalued. 00:06 Introduction 00:35 Pfizer to Acquire Cancer Drug Developer 01:44 Adidas Wheezes 02:51 Squarespace Subscriptions Are Solid, But Are They Enough? 04:10 What’s Ahead in the Utilities Sector? 05:08 The Inflation Reduction Act includes credits for energy-saving home improvements and electric v...
Mar 17, 2023•21 min•Ep. 207
In today’s episode, Allie McCallion and Charity Blue, members of Morningstar Inc’s sustainability team, discuss pay equity and three undervalued companies that are leading the charge. Timestamps 00:00 Introduction 00:27 Broadcom rides AI wave 01:41 Costco shows resilience 02:15 Eli Lilly cuts insulin costs 03:55 Morningstar's internal sustainability team joins Investing Insights to discuss Equal Pay Day 04:29 Where do women's earnings in the U.S. stand compared to men? 05:30 What has research sh...
Mar 10, 2023•21 min•Ep. 206
In today’s episode, Jakir Hossain, a data journalist for Morningstar Inc., talks about the AI-powered chatbot, ChatGPT, and where to look for AI investing opportunities. Timestamps 00:06 Introduction 00:31 Berkshire Hathaway’s rocky results 01:24 Domino’s trims sales growth outlook 02:20 Intel cuts quarterly dividend 03:53 What ChatGPT is and how does it work? 04:39 What do Morningstar analysts say about how Google and Microsoft are planning to use chatbots? 06:17 Companies like Salesforce and A...
Mar 03, 2023•23 min•Ep. 205
Later this year, Vanguard’s hybrid ETF/MF patent is expiring, and this is likely to affect the fund market. We’re positive on Kraft Heinz and Cisco but expect Roku to lose money for a second straight year in 2023. And finally, to save for retirement, most of us have multiple vehicles at our disposal, including IRAs and 401(k)s. The order in which we fund these accounts matters. Find out more in this week’s episode. Timestamps 00:06 Introduction 00:36 Kraft Heinz shakes off pressure from inflatio...
Feb 24, 2023•20 min•Ep. 204
In today’s episode, Keith Reid-Cleveland, an editor at Morningstar Inc., discusses Morningstar’s research on the racial wealth gap and a proposal to help close it known as baby bonds. Timestamps 00:06 Introduction 00:36 Disney CEO Bob Iger Plans to Cut Billions 01:49 Uber’s Total Revenue Soars 02:39 PayPal Faces Tough Environment 03:34 AbbVie’s Long-Term Outlook 04:36 America’s Racial Wealth Gap and How to Shrink It 04:59 What has research shown about wage disparities when households are compare...
Feb 17, 2023•19 min•Ep. 203
In today’s episode, Bryan Armour, director of passive strategies research for North America at Morningstar Research Services, talks about how SPDR S&P 500 ETF Trust—or SPY—revolutionized investing. 00:06 Introduction 00:38 Meta’s earnings beat expectations 01:53 Amazon tightens its belt 03:05 Pfizer posts record revenue for 2022 03:59 McDonald’s strong customer traffic offsets margins 05:07 SPY ETF celebrates 30th anniversary 05:36 What is an ETF? 06:18 How did index funds’ popularity help E...
Feb 10, 2023•19 min•Ep. 202
In today’s episode, Dan Wasiolek, Morningstar Research Services’ senior equity analyst, discusses Morningstar’s travel outlook and cheap travel stocks. 00:06 Introduction 00:38 Long-term outlook on Microsoft 01:34 Tesla calls 2022 “best year ever” 02:40 Southwest takes $800M hit 03:31 Morningstar’s travel outlook and stock picks 10:02 New Rules for IRA Distributions Read about topics from this episode. Resilient Azure Helps Microsoft Drive Solid Results; Macro Drives Lower Outlook; FVE Cut to $3...
Feb 03, 2023•21 min•Ep. 201
Real Estate is a hot topic for investors everywhere, but is a home the best possible investment right now? Plus, we’ve raised the fair value estimates for both Apple stock and Procter & Gamble stock – and we think Palantir’s has made some strategic missteps. Find out more in this week’s episode. Timestamps 00:06 Intro 00:36 Morningstar upgrades Apple's moat 01:46 Proctor and Gamble reports Q2 2023 earnings 02:44 Palantir makes strategic missteps 03:52 Owning a House or REITs intro 04:21 What...
Jan 27, 2023•20 min•Ep. 200
