Russell Investments’ Chief Investment Strategist, Paul Eitelman, advises investors to maintain a strategic allocation to small-cap stocks despite the current economic uncertainty. While small-caps face challenges due to macroeconomic volatility, their attractive valuations and potential for outperformance make them a compelling long-term investment.
ManpowerGroup (MAN) faces a challenging operating environment due to ongoing macroeconomic uncertainty, leading to declining revenue and negative operating leverage. The company’s 1Q24 results missed expectations, and management has not seen a positive inflection point in temporary staffing demand. While the company is taking steps to improve efficiency and has a strong balance sheet, these factors are not enough to offset the near-term headwinds. As a result, I recommend a sell rating for MAN.
