Latest news with #HightowerAdvisors
CNBC
4 days ago
- Business
- CNBC
The economy is still growing despite the craziness every day: Hightower's Stephanie Link
Stephanie Link, Hightower Advisors chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to expect from the May jobs report, and more.
Yahoo
31-05-2025
- Business
- Yahoo
Famous Investor Remains Very Upbeat on META Platforms (META)
Meta Platforms, Inc. (NASDAQ:META) and its CEO, Mark Zuckerberg, are "delivering" and "executing," while the tech giant's "fundamentals" are strong, Stephanie Link, who frequently appears on CNBC, said on the channel recently. Link is the Chief Investment Strategist at Hightower Advisors. The advertising behemoth delivered "the best" first-quarter earnings out of all of the Mag 7 names, Link said. In addition to providing "beat-and-raise" earnings, Meta Platforms, Inc. (NASDAQ:META) generated revenue growth of 16% in Q1, versus the same period a year earlier, Link noted. Additionally, its margins climbed 3.6 percentage points year-over-year, the famous investor pointed out. Calling the overall results "remarkable," Link added that Meta Platforms (NASDAQ:META)'s free cash flow, capital spending, and operating expenditures "all (moved) in the right direction." Finally, she is pleased with Meta's decision to continue investing heavily in AI. In the last month, the shares have climbed 17%, while they have fallen 5% in the last three months. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Hightower invests in Los Angeles RIA Lindbrook Capital
Hightower Advisors has invested in Lindbrook Capital, a Los Angeles, California-based wealth management firm. The 'strategic investment' in the Los Angeles RIA is Hightower's first this year. Lindbrook Capital, with roughly $3.8bn in assets under management, operates offices in Los Angeles, Calabasas, and New York City. The firm offers tailored investment management and financial planning services to high-net-worth individuals, families, foundations, and endowments. The ten-person team is overseen by managing partners Benjamin Posen and Tyler Dritz, alongside partner Lee Samson. Posen said: 'We thought long and hard about our options and determined Hightower is the right partner. We aren't interested in being a serial acquirer and we had to preserve the culture and investment autonomy that our clients expect from Lindbrook.' Hightower chairman and CEO Bob Oros said: 'We have known the principals at Lindbrook Capital for more than a decade and are excited for them to join Hightower. 'Under the seasoned management of Ben and Tyler, the team has built an impressive business with an attractive client base that includes some of today's top business and entertainment executives.' Hightower, a wealth management firm headquartered in Chicago, serves a diverse clientele, including individuals, foundations, family offices, and corporations. Its advisory network encompasses over 140 advisory businesses across 35 states and the District of Columbia. Hightower's comprehensive suite of services offered aims to foster organic growth among its advisors. These services include business development consulting, leadership training, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll, and human resources. As of 31 December 2024, Hightower and its affiliates managed assets totalling around $168bn. In December, Hightower invested in Denver, Colorado-based Dechtman Wealth Management. "Hightower invests in Los Angeles RIA Lindbrook Capital" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
30-04-2025
- Business
- CNBC
Watch CNBC's full discussion with the 'Closing Bell' panel
CNBC's Steve Liesman; Stephanie Link, Hightower Advisors chief investment strategist; and Dan Greenhaus, Solus Alternative Asset Management chief strategist and economist, join 'Closing Bell' to discuss market outlooks, how much to read into the most recent GDP print, and more.
CNBC
30-04-2025
- Business
- CNBC
Stephanie Link: Underlying data in GDP report is better than headline
CNBC's Steve Liesman; Stephanie Link, Hightower Advisors chief investment strategist; and Dan Greenhaus, Solus Alternative Asset Management chief strategist and economist, join 'Closing Bell' to discuss market outlooks, how much to read into the most recent GDP print, and more.
