F/m Investments CEO on top stock picks heading into 2026

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we're just a little over half an hour now into the opening bell on wall street a shortened day on the street ending at one PM today alex morris FM investments a CEO and CIO good morning to you alex good morning kind of light volume today and i imagine maybe light volume for the

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rest of the week and next week as well but let's not even talk about that let's focus if we could a little bit maybe on this number that we just heard and what you think it portends for twenty twenty six

Alex Morris (CEO & CIO) 00:26.790

sure well it was light volume also here in DC is a unexpected federal holiday and everyone stayed home so traffic in into the bureau is pretty simple and i think that's what we're going to see on in the markets and i think you know if if you wanted muddled data for christmas you

Alex Morris (CEO & CIO) 00:40.510

got it and we're going to continue to get more of it as we go through the end of the year and and we look into twenty six you know if we look at just fed policy we see muddled data creating a more divided fed which is only going to be more complicated when we get a kevin in the

Alex Morris (CEO & CIO) 00:56.150

seat in order that sort of hardens the political view of the the fed if nothing else

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so you so if you were picking stocks what are you picking

Alex Morris (CEO & CIO) 01:05.310

you know i think we we like the trade that we saw last year which is barbell with AI and tech stocks and then T bills on the back end that was a good trade you know simple things like nvidia you know but don't don't count on AMD AMD is the sort of silver to nvidia 's gold and i

Alex Morris (CEO & CIO) 01:19.750

think there's a lot of upside there we also like names like vertif that are going to be pushing out cooling and other technologies that are on the back end of that AI infrastructure build and then you know let's not count on defense stocks something like raytheon where you've

Alex Morris (CEO & CIO) 01:33.710

got this defense play as part of the the core but this really great civil aviation background that kind of balances them out through all of the other lulls that happen in defense appropriation spending well

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wouldn't you touch right about now

Alex Morris (CEO & CIO) 01:49.070

sorry where do we see what i

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said what wouldn't you touch right about now

Alex Morris (CEO & CIO) 01:54.510

well you know i think we we we see there's a lot a lot of uncertainty happening in the market as a result it's really hard for us to kind of pick a good number and i think we're we're going to look at a lot of mixed economic data so it's going to be pretty hard to see all all

Alex Morris (CEO & CIO) 02:10.110

stocks moving forward but i do think we are going to see that AI trend continue we're going to see a broadening out across all markets and above all i think you're going to see a lot of uncertainty around come mid april when we now know who's going to be in the chair and the

Alex Morris (CEO & CIO) 02:23.350

markets have to decide are rates going much further down or are they staying where they are so

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you think that's the uncertain moment i mean there's another view that come sometime even in january we may get word from the supreme court about tariffs and i don't know how much uncertainty you think there will be surrounding whatever that verdict ultimately is well

Alex Morris (CEO & CIO) 02:42.070

i think that it's looking like it's going to go against tariffs being upheld i mean just listen to that commentary that wasn't a scotus that was in favor of preserving executive authority to create tariffs but i do think we are going to see the supreme court do it they're pretty

Alex Morris (CEO & CIO) 02:56.910

good at find a way for the administration to reinvigorate tariffs right the president still has the power of embargo we are seeing that in in the caribbean today what is a tariff if not of embargo tax so i wouldn't be surprised if a very narrow reading may technically throw the

Alex Morris (CEO & CIO) 03:14.550

tariffs out but give them a way to reinvigorate themselves shortly thereafter