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)

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. All information referenced herein is from sources believed to be reliable. Landsberg Bennett and Hightower Advisors, LLC have not independently verified the accuracy or completeness of the information contained in this document. Landsberg Bennett and Hightower Advisors, LLC or any of its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Landsberg Bennett and Hightower Advisors, LLC or any of its affiliates assume no liability for any action made or taken in reliance on or relating in any way to the information. This document and the materials contained herein were created for informational purposes only; the opinions expressed are solely those of the author(s), and do not represent those of Hightower Advisors, LLC or any of its affiliates. Landsberg Bennett and Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material was not intended or written to be used or presented to any entity as tax or legal advice. Clients are urged to consult their tax and/or legal advisor for related questions.