BNN Bloomberg: Michael Landsberg joins BNN Bloomberg to share his Hot Picks in industrials

June 30, 2025

In a wide-ranging conversation with BNN Bloomberg, Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management, shared his Hot Picks in the industrials sector. During the conversation, Landsberg explores the factors driving his investment strategy, particularly his focus on earnings growth, long-term visibility, and the importance of diversification.

He discusses how his team navigates the current market conditions, pointing out the opportunity for investors in sectors outside the high-growth tech space. Landsberg emphasizes the significance of balancing risk and reward in today’s market, highlighting industrials and utilities as key areas with strong potential despite their relatively lower profile compared to more prominent sectors.

He also stresses the importance of expanding beyond the U.S. to capture opportunities in international markets, especially in Europe, where post-recession growth and rising defense and industrial sectors are attracting attention.

Key Takeaways:

  1. Focus on earnings growth and visibility: According to Landsberg, the most critical aspect when evaluating industrial stocks is consistent earnings growth. Investors should look for companies that show strong earnings potential and have clear visibility for the future, especially over the next 1 to 5 years. He underscores the importance of avoiding stocks that are solely driven by short-term narratives.

  2. Looking beyond the MAG Seven: Landsberg points out that many investors are overly concentrated in a few large technology stocks, often referred to as the MAG Seven. He suggests broadening portfolios by diversifying into other areas of the industrial sector, where there is still significant growth potential and undervalued opportunities.

  3. Industrials and utilities in focus: While discussing the broader industrials sector, Landsberg highlights that certain industries have continued to perform well, particularly those in utilities and industrials. Despite not being “sexy” sectors, these areas have provided solid returns, offering value and stability. He recommends allocating investments toward these sectors as they offer growth with lower volatility.

  4. Evaluating valuations: Landsberg also addressed concerns over stock valuations, especially in high-growth industrial companies. While some companies in the industrial space might appear expensive with high P/E multiples, he notes that the growth potential justifies such valuations when viewed with a longer-term horizon.

  5. International opportunities: Landsberg encourages investors to look beyond the U.S. and explore international opportunities, particularly in Europe. He believes that Europe, after going through a recession, is now seeing acceleration in sectors like defense and industrials. This diversification offers exposure to areas that have outperformed the U.S. market in recent years.

While the industrial sector might not consistently be in the spotlight, Michael Landsberg’s insights emphasize that there are significant opportunities in this space. As markets evolve, staying diversified and focusing on long-term earnings growth, along with exposure to both domestic and international markets, remains a crucial strategy for investors.

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