Reuters: Utilities, industrials offer long-term upside says Michael Landsberg

June 10, 2025

In a wide-ranging conversation with Reuters, Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management, shared his outlook on the current investing climate. With equity markets reacting sharply to ongoing tariff discussions and pockets of earnings deceleration, Landsberg explained why many investors remain overly concentrated in a narrow band of stocks. He emphasized the importance of taking a broader view—looking beyond the noise and volatility to focus on areas of the market that continue to show consistent growth and earnings stability. Sectors like utilities and industrials, which often fly under the radar, have provided solid performance, particularly for investors with a longer time horizon.


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Key Takeaways:

  1. Longer-term investors may find opportunity despite volatility: Speaking to Reuters, Michael Landsberg said that recent market volatility—driven by tariff headlines and short-term speculation—presents challenges for traders, but longer-term investors can still identify areas with solid earnings growth and more reasonable valuations.
  2. Avoid reacting to noise from tariff-driven headlines: Landsberg emphasized that trying to time markets around tariff developments is a difficult strategy. “It’s a tough environment if you’re trading off rumors,” he noted, pointing instead to staying disciplined with a focus on long-term value.
  3. Too much portfolio concentration remains a risk: He pointed out that many investors are still overweight in a narrow group of well-known stocks. That worked in previous years, but as 2025 unfolds, performance has lagged. “There’s been underperformance in highly concentrated positions, and some are learning that the hard way,” he said.
  4. Utilities and industrials continue to show strength: Landsberg shared that sectors like utilities and industrials have held up well and offer a range of risk profiles. “These aren’t the flashiest parts of the market, but they’ve delivered steady results,” he noted. Some also offer indirect exposure to growth areas like artificial intelligence, giving investors broader participation without relying solely on tech.
  5. Diversification is key to managing uncertainty: By broadening exposure beyond a handful of names, investors may improve portfolio resilience. “Expanding your universe can help smooth out returns in a choppy market,” Landsberg said.

Landsberg reiterated that while headlines may drive short-term moves, longer-term positioning around fundamentals and diversification tends to hold up most effectively. Investors, he said, should remain focused on process and risk alignment rather than chasing momentum or reacting to market noise.

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