Bloomberg Surveillance · Tuesday, September 1, 2026
David Katz identifies Generac as a potential opportunity due to its significant pullback, selling at attractive earnings multiples. He remains wary of some semiconductor companies, like Qualcomm, that saw substantial gains and subsequent losses, emphasizing that valuation still matters despite current lower multiples.
“A company like Generac, which makes power backups for these companies, had a great run, gave about two-thirds of that run back, sells at about 20 times earnings, 18 times earnings, now has great prospects.”
“A company like Qualcomm. Makes semiconductor components for cell phones, anything communication-wise, had a great run, gave it all back.”
“Right now it's at about 13 or 14 times earnings. If you have a 9- to 12-month time horizon, there are going to be some very good things happening.”