Michael Landsberg, chief investment officer of Landsberg Bennett Private Wealth Management, recommends avoiding Texas Instruments and Verizon, citing concerns about their lack of exposure to AI and limited growth potential. He expresses a neutral stance on Twilio, acknowledging its strong revenue growth but emphasizing the need to evaluate its profitability improvements.
Michael Landsberg, chief investment officer of Landsberg Bennett Private Wealth Management, advises investors to steer clear of Texas Instruments and Verizon, citing concerns about their performance and future prospects. Landsberg, who appeared on CNBC's 'Power Lunch' on Friday, shared his insights during a segment called 'Three-Stock Lunch.' He expressed reservations about Texas Instruments due to its limited exposure to artificial intelligence (AI) and its high price-to-earnings multiple.
Landsberg argued that investors could find better opportunities in the semiconductor sector with greater AI exposure at comparable or lower valuations. He pointed out that Texas Instruments' stock dipped over 7% on Friday following disappointing guidance, making it the S&P 500's worst performer of the day. The company's earnings per share forecast fell short of analyst expectations, further contributing to investor concerns. Landsberg also recommended avoiding Verizon, describing it as a stagnant dividend stock reminiscent of a bygone era. He noted that Verizon's share price has remained relatively unchanged for decades, with minimal growth. While the company recently reported impressive subscriber growth and exceeded earnings expectations, Landsberg remains unconvinced about its long-term prospects. In contrast, Landsberg expressed a neutral stance on Twilio, acknowledging its strong revenue growth but emphasizing the company's recent focus on profitability. He believes that if Twilio can consistently deliver on its margin improvement targets, it could be a compelling investment opportunity in the future. Landsberg suggested waiting for a few more quarters to assess the company's progress before making a definitive decision. Twilio shares surged on Friday after the company provided an optimistic outlook for the next few years, projecting an adjusted operating margin of up to 22% by 2027
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