CNBC – Michael Landsberg Appears on CNBC World’s ‘Street Signs’ to Discuss Companies Generating Strong Earnings

July 2, 2024

Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management, appears on CNBC World’s ‘Street Signs’ to discuss U.S. markets and investment strategies.

Landsberg emphasizes focusing on companies with strong earnings growth, noting that many mega-cap stocks have significantly outperformed smaller companies. He highlights that the S&P 500 earnings are up 8% year-over-year, while the NASDAQ is up over 30%.

In contrast, the Russell 2000, representing smaller companies, is down 16% year-over-year, showing only a slight improvement from the previous quarter.

Landsberg advises against focusing solely on valuation. He believes that just because small-cap stocks appear cheap does not mean they will perform well in the near term. Instead, he prefers to invest in large U.S. companies with strong earnings growth.

Key Takeaways:

  • Earnings Growth Focus: Landsberg highlighted the importance of focusing on companies with strong earnings growth, noting that these companies are likely to continue performing well despite broader market conditions.
  • Valuation Caution: He cautioned against the trap of focusing solely on valuation, suggesting that some sectors may remain undervalued for extended periods before showing signs of recovery.
  • Large Cap vs. Small Cap: Landsberg pointed out that large-cap companies, especially those with significant earnings growth, have outperformed small-cap companies, which have struggled. He suggests maintaining investments in large-cap companies that are currently performing well.
  • Inflation Protection: He emphasized the need to add commodities to portfolios as a hedge against inflation. Landsberg mentioned that inflation hasn’t decreased significantly over the past year and may rise again, making commodities a valuable addition for protection.
  • Market Dynamics: Landsberg discussed how different sectors are responding to current market dynamics, highlighting the ongoing strength in certain areas despite broader economic challenges.

Landsberg’s analysis highlights the critical need to prioritize earnings growth and adopt a strategic approach to portfolio management. By targeting sectors demonstrating strong performance and incorporating commodities as a hedge against inflation, investors can more effectively manage the complexities of the current economic environment.

Learn more here: Michael Landsberg Appears on CNBC World’s ‘Street Signs’ to Discuss Companies Generating Earnings (youtube.com)

Request Information

Landsberg Bennett is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities, nor should anything contained herein be construed as a recommendation or advice of any kind. Consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. No investment process is free of risk, and there is no guarantee that any investment process or investment opportunities will be profitable or suitable for all investors. Past performance is neither indicative nor a guarantee of future results. You cannot invest directly in an index.

These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

Click here for definitions of and disclosures specific to commonly used terms.