Earnings growth is the 'name of the game' right now, says CIO, naming 3 stocks to buy

Many are predicting the U.S. Federal Reserve will cut interest rates in the second half of this year. Though CIO Michael Landsberg of Landsberg Bennett Private Wealth Management says the conditions don't justify a cut, he says there might be one. "I think if Chairman Powell had not said, we're gonna get a rate cut, we wouldn't be having these discussions because earnings growth has been really strong.

West Texas Intermediate crude is up around 19% in the year to date, with OPEC+ saying earlier last month that it would extend crude production cuts into 2025. Against that backdrop, Landsberg says, investors should focus on companies generating strong earnings growth. "The major indices are continuing to rally based on strong earnings growth. Earnings growth is the name of the game for this stock market right now," he said in additional notes to CNBC.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

These parts of the stock market are already priced for recession, Northwestern CIO saysSmaller companies are already trading like they've been beaten up by a weak economy, according to a top investor at Northwestern Mutual Wealth Management.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »