Morningstar, Inc. - March 16, 2026
Why the Stock Market Remained Resilient Amid the War in Iran
Plus: 2 Cautionary Tales From Private Equity and Private Credit...
 Morning DigestSarah Hansen US equities fell just 1.6% for the week and are down roughly 4% since the war began. 
ADVERTISEMENT  Editor's Picks  Plus: Does private credit present a contagion risk? Fed decision on deck. Tom Lauricella  What investors can learn from the sagas involving ERShares and Blue Owl Capital. Jeffrey Ptak, Alexander Davis, Ivanna Hampton  The PCE Price Index increased 0.28% in January. Bella Albrecht, Lauren Solberg  AI, while not a universal disruptor, has inspired a wave of economic moat downgrades. Dan Lefkovitz Investing Insights The anything-but-AI sentiment in the market is leaving many AI stocks looking attractive. Tori Brovet, Margaret Giles Funds from Allspring, Columbia Threadneedle, and Fidelity are among the best performers. Gabe Alpert With a strong fiscal year outlook amid growing data center spending, here’s what we think of Marvell stock. William Kerwin The Federal Reserve will be meeting this week to decide on interest rates, plus February’s Producer Price Index report is releasing. Rachel Schlueter More We maintain our fair value estimate for Adobe stock. Dan Romanoff We think BMW stock is moderately undervalued. Rella Suskin New Stock Analyst Reports Adobe's (ADBE) fiscal first-quarter revenue grew 12.0% year over year as reported to $6.40 billion, while non-GAAP operating margin was 47.4%, both topping guidance. Second-quarter guidance was slightly better than our near-consensus model on the top and bottom lines. Growth accelerated in total revenue, subscription revenue, and current remaining performance obligations, and AI-related annual recurring revenue tripled year over year to more than $400 million. Countering this was a drag on ARR growth from freemium offerings and weaker stock photo sales. CEO Shantanu Narayen announced he is stepping down but will remain until a successor is named. New Fund Analyst Reports The Tools You Need to Invest Like an Analyst Stay connected:
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