Dr. JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joined CNBC to discuss the market outlook as long-term interest rates remain elevated and major equity indexes trade near record highs. She shared where ACM continues to see selective opportunities across AI, consumer, industrial, energy, and housing-related companies, while emphasizing the importance of evaluating valuations and fundamentals company by company.
Recorded: August 8, 2026
Key Takeaways
Selective opportunities remain despite higher rates and elevated markets: Dr. Feeney explained that higher interest rates can pressure valuations, but a company-by-company approach may still uncover attractive opportunities rather than relying on the broader market.
AI investment extends beyond a single company or model: ACM continues to see long-term potential across the AI ecosystem, including companies such as Broadcom, Nvidia, and Oracle, with Dr. Feeney highlighting the broader demand for AI capabilities and infrastructure.
Diversification can provide growth, income, and resilience: Beyond AI, Dr. Feeney discussed opportunities in consumer, industrial, energy, and housing companies, as well as the role dividends can play in building income into balanced portfolios.
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